Manthydro
ActiveManthydro has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €803k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 47% of 4808 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy▼ -23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-12
Solvency87▼-10
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 3.32 in 2024), but 56.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.1%
Return on assets
0.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
50 d early
2023
33 d early
2022
21 d early
2021
47 d early
2020
37 d early
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▼ 82.1%
2024 · €45k
2018: €49k
2019: €21k
2020: €-93k
2021: €66k
2022: €37k
2023: €30k
2024: €45k
2018 → 2025
Working capital
€729k▼ 21.4%
2024 · €927k
2018: €875k
2019: €904k
2020: €843k
2021: €876k
2022: €903k
2023: €904k
2024: €927k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.23M-€1.27M▲ 3.0%€1.30M▲ 2.3%€1.34M▲ 3.5%€803k▼ 40.2%
Operating result€106k-€82k▼ 22.7%€71k▼ 13.6%€82k▲ 16.8%€84k▲ 2.2%
Net result€66k-€37k▼ 43.2%€30k▼ 20.6%€45k▲ 50.8%€8k▼ 82.1%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€709k▼ 38.6%
Current assets
€1.16M▼ 12.8%
Equity and liabilities €1.87M
Equity
€803k▼ 40.2%
Debt
€1.06M▼ 6.6%
The debt ratio rises from 45.8% to 56.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€125k▼
2024 · €212k
Cash flow
€49k▼
2024 · €175k
Solvency
43.1%▼
2024 · 54.2%
Current ratio
2.70▼
2024 · 3.32
Quick ratio
1.20▼
2024 · 1.74
Debt / equity
1.32▲
2024 · 0.85
ROE
1.0%▼
2024 · 3.3%
ROA
0.4%▼
2024 · 1.8%
Interest coverage
1.64▼
2024 · 10.17
Debt
€1.06M▼
2024 · €1.14M
Debt ≤ 1 year
€428k▲
2024 · €399k
Debt > 1 year
€635k▼
2024 · €738k
Income taxes
€4k▼
2024 · €17k
Staff costs
€342k▲
2024 · €298k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.48M€1.87M▼
Fixed assets21/28€1.15M€709k▼
Tangible fixed assets22/27€1.15M€709k▼
Land and buildings22€1.13M€689k▼
Plant, machinery and equipment23€25k€17k▼
Furniture and vehicles24€892€3k▲
Other tangible fixed assets26€909€83▼
Financial fixed assets28€744€744=
Current assets29/58€1.33M€1.16M▼
Stocks and contracts in progress3€631k€642k▲
Stocks30/36€631k€642k▲
Amounts receivable within one year40/41€508k€353k▼
Trade receivables40€321k€234k▼
Other amounts receivable41€186k€120k▼
Cash at bank and in hand54/58€179k€151k▼
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€2.48M€1.87M▼
Equity10/15€1.34M€803k▼
Contributions10/11€62k€62k▼
Capital10€62k€62k▼
Issued capital100€62k€62k▼
Reserves13€91k€64k▼
Non-distributable reserves130/1€6k€4k▼
Legal reserve130€6k€4k▼
Tax-exempt reserves132€85k€59k▼
Profit (loss) carried forward14€1.19M€678k▼
Amounts payable17/49€1.14M€1.06M▼
Amounts payable after more than one year17€738k€635k▼
Financial debts170/4€738k€635k▼
Amounts payable within one year42/48€399k€428k▲
Current portion of amounts payable after more than one year42€135k€82k▼
Trade debts44€184k€138k▼
Suppliers440/4€184k€138k▼
Taxes, remuneration and social security45€79k€68k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€52k€50k▼
Other amounts payable47/48-€140k
Income statement
Code20242025
Remuneration, social security and pensions62€298k€342k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€1k▼
Other operating charges640/8€27k€25k▼
Non-recurring operating charges66A€23k-
Gross operating margin9900€594k€493k▼
Operating profit (loss)9901€82k€84k▲
Financial income75/76B€338€4k▲
Recurring financial income75€338€4k▲
Financial charges65/66B€21k€76k▲
Recurring financial charges65€21k€76k▲
Profit (loss) for the period before taxes9903€62k€12k▼
Income taxes67/77€17k€4k▼
Profit (loss) for the period9904€45k€8k▼
Profit (loss) for the period to be appropriated9905€45k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.19M€818k▼
Profit (loss) brought forward from the previous period14P€1.15M€810k▼
Profit to be distributed694/7-€140k
Return on contributions (dividend)694-€140k
Social balance
Average headcount (FTE)90874.95.0▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-93k ▼541%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 1963
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Digue 44400 Flémalle1 establishment unit
Rue de la Digue 4, 4400 Flémalle
since 19632.117.658.864
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Of 825 companies in sector 46620 we hold annual accounts for 639. 520 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
46649Wholesale of other machinery and equipment
51872
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filings
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.