Mantas
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-02-2026 PDF all 3 filings
Turnover
≈ €110,000
Estimated: probably between €63,000 and €150,000
Total assets
€261,949▲ 48.2%
2024 · €176,770
Net result
€121,487▲ 55.4%
2024 · €78,200
Working capital
€6,882
2024 · -€26,850
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€35,021
▼ 6.2%
2025
20232025
Net result
€121,487
▲ 55.4%
2025
highest quarter of the sector
20232025
Equity
€180,687
▲ 205%
2025
middle half of the sector
20232025
Total assets
€261,949
▲ 48.2%
2025
middle half of the sector
20232025
Debt
€81,262
▼ 30.9%
2025
20232025
Working capital
€6,882
2025
middle half of the sector
20232025
Solvency
69.0%
▲ 35.5pp
2025
middle half of the sector
20232025
Current ratio
1.25
▲ 0.78
2025
middle half of the sector
20232025
Return on assets (ROA)
46.4%
▲ 2.1pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€25,198-€37,329▲ 48.1%€35,021▼ 6.2%
Net result€16,630within the sector's middle half-€78,200above the sector's middle half▲ 370%€121,487above the sector's middle half▲ 55.4%
Equity€17,630below the sector's middle half-€59,200within the sector's middle half▲ 236%€180,687within the sector's middle half▲ 205%
Total assets€125,579within the sector's middle half-€176,770within the sector's middle half▲ 40.8%€261,949within the sector's middle half▲ 48.2%
Debt€107,949-€117,570▲ 8.9%€81,262▼ 30.9%
Working capital€666within the sector's middle half--€26,850below the sector's middle half€6,882within the sector's middle half
Solvency14.0%below the sector's middle half-33.5%within the sector's middle half▲ 19.5pp69.0%within the sector's middle half▲ 35.5pp
Current ratio1.03within the sector's middle half-0.46below the sector's middle half▼ 0.571.25within the sector's middle half▲ 0.78
Return on assets (ROA)13.2%within the sector's middle half-44.2%above the sector's middle half▲ 31.0pp46.4%above the sector's middle half▲ 2.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 6% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261,949
Fixed assets
€227,157 ▲ 48.0%
Current assets
€34,792 ▲ 49.5%
Equity and liabilities €261,949
Equity
€180,687 ▲ 205%
Debt
€81,262 ▼ 30.9%
Debt's share of the balance-sheet total falls from 66.5% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,367▼
2024 · €38,675
Cash flow
€122,833▲
2024 · €79,546
Debt to equity
0.45▼
2024 · 1.99
ROE
67.2%▼
2024 · 132.1%
Interest coverage
9.95▼
2024 · 13.52
Debt ≤ 1 year
€27,910▼
2024 · €50,116
Debt > 1 year
€52,175▼
2024 · €67,192
Income taxes
€9,023▼
2024 · €9,438
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €5,531 | - | - |
| Financial fixed assets | €100,000 | €50,000 | €75,000 |
| Depreciation and write-downs of the year | €682 | €1,346 | €1,346 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €682 | €1,346 | €1,346 | = |
| Other operating charges640/8 | €1,044 | €690 | €737 | ▲ 6.8% |
| Gross operating margin9900 | €26,925 | €39,365 | €37,105 | ▼ 5.7% |
| Operating profit (loss)9901 | €25,198 | €37,329 | €35,021 | ▼ 6.2% |
| Financial income75/76B | €1 | €53,170 | €99,146 | ▲ 86.5% |
| Recurring financial income75 | €1 | €53,170 | €99,146 | ▲ 86.5% |
| Financial charges65/66B | €2,592 | €2,861 | €3,657 | ▲ 27.8% |
| Recurring financial charges65 | €2,592 | €2,861 | €3,657 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €22,608 | €87,638 | €130,511 | ▲ 48.9% |
| Income taxes67/77 | €5,979 | €9,438 | €9,023 | ▼ 4.4% |
| Profit (loss) for the period9904 | €16,630 | €78,200 | €121,487 | ▲ 55.4% |
| Profit (loss) for the period to be appropriated9905 | €16,630 | €78,200 | €121,487 | ▲ 55.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €125,579 | €176,770 | €261,949 | ▲ 48.2% |
| Fixed assets21/28 | €104,849 | €153,503 | €227,157 | ▲ 48.0% |
| Tangible fixed assets22/27 | €4,849 | €3,503 | €2,157 | ▼ 38.4% |
| Plant, machinery and equipment23 | €1,495 | €895 | €296 | ▼ 67.0% |
| Furniture and vehicles24 | €3,354 | €2,608 | €1,861 | ▼ 28.6% |
| Financial fixed assets28 | €100,000 | €150,000 | €225,000 | ▲ 50.0% |
| Current assets29/58 | €20,730 | €23,267 | €34,792 | ▲ 49.5% |
| Amounts receivable within one year40/41 | €8,157 | - | €2,865 | - |
| Trade receivables40 | €8,157 | - | - | - |
| Other amounts receivable41 | - | - | €2,865 | - |
| Cash at bank and in hand54/58 | €12,497 | €23,207 | €31,747 | ▲ 36.8% |
| Deferred charges and accrued income490/1 | €76 | €60 | €180 | ▲ 201% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €125,579 | €176,770 | €261,949 | ▲ 48.2% |
| Equity10/15 | €17,630 | €59,200 | €180,687 | ▲ 205% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €16,630 | €58,200 | €179,687 | ▲ 209% |
| Distributable reserves133 | €16,630 | €58,200 | €179,687 | ▲ 209% |
| Amounts payable17/49 | €107,949 | €117,570 | €81,262 | ▼ 30.9% |
| Amounts payable after more than one year17 | €87,584 | €67,192 | €52,175 | ▼ 22.3% |
| Financial debts170/4 | €87,584 | €67,192 | €52,175 | ▼ 22.3% |
| Amounts payable within one year42/48 | €20,064 | €50,116 | €27,910 | ▼ 44.3% |
| Current portion of amounts payable after more than one year42 | €10,148 | €15,333 | €15,017 | ▼ 2.1% |
| Trade debts44 | €160 | €299 | €246 | ▼ 17.7% |
| Suppliers440/4 | €160 | €299 | €246 | ▼ 17.7% |
| Taxes, remuneration and social security45 | €9,756 | €13,724 | €12,647 | ▼ 7.8% |
| Taxes450/3 | €9,756 | €13,724 | €12,647 | ▼ 7.8% |
| Other amounts payable47/48 | - | €20,760 | - | - |
| Accrued charges and deferred income492/3 | €301 | €262 | €1,177 | ▲ 349% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,630 | €78,200 | €121,487 | ▲ 55.4% |
| + Depreciation and write-downs630 | €682 | €1,346 | €1,346 | = |
| Operating cash flow (approximation) | €17,312 | €79,546 | €122,833 | ▲ 54.4% |
| Investment in fixed assets (approximation) | - | -€50,000 | -€75,000 | ▼ 50.0% |
| Change in cash | - | €10,710 | €8,541 | ▼ 20.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.