MANUALEX
ActiveSummary
MANUALEX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,564 and a net result of €1,002. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 4716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency87▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.43 in 2024; short-term debt: 28.8% of total assets), and 38.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
61.6%
Return on assets
1.6%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
60 d early
2024
70 d early
2023
64 d early
2022
47 d early
2021
32 d early
2020
39 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€38,564▲ 2.7%
2024 · €37,562
Total assets
€62,651▲ 1.3%
2024 · €61,858
Net result
€1,002▼ 98.5%
2024 · €67,294
Working capital
€12,245▼ 24.7%
2024 · €16,258
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€59,980€6,000▼ 90.0%€22,610▲ 277%€80,720▲ 257%€5,539▼ 93.1%
Net result€55,775above the sector's middle half€2,665within the sector's middle half▼ 95.2%€15,795above the sector's middle half▲ 493%€67,294above the sector's middle half▲ 326%€1,002within the sector's middle half▼ 98.5%
Equity-€48,192below the sector's middle half▲ 53.6%-€45,527below the sector's middle half▲ 5.5%-€29,732below the sector's middle half▲ 34.7%€37,562within the sector's middle half€38,564within the sector's middle half▲ 2.7%
Total assets€30,637within the sector's middle half▼ 22.9%€42,556within the sector's middle half▲ 38.9%€15,866below the sector's middle half▼ 62.7%€61,858within the sector's middle half▲ 290%€62,651within the sector's middle half▲ 1.3%
Debt€78,829▼ 45.1%€88,083▲ 11.7%€45,598▼ 48.2%€24,296▼ 46.7%€24,087▼ 0.9%
Working capital-€9,982within the sector's middle half▲ 79.5%-€62,025below the sector's middle half▼ 521%-€38,266below the sector's middle half▲ 38.3%€16,258within the sector's middle half€12,245within the sector's middle half▼ 24.7%
Solvency-157.3%below the sector's middle half▲ 104.5pp-107.0%below the sector's middle half▲ 50.3pp-187.4%below the sector's middle half▼ 80.4pp60.7%above the sector's middle half▲ 248.1pp61.6%above the sector's middle half▲ 0.8pp
Current ratio0.65within the sector's middle half▲ 0.440.30below the sector's middle half▼ 0.360.16below the sector's middle half▼ 0.142.43above the sector's middle half▲ 2.271.68within the sector's middle half▼ 0.76
Return on assets (ROA)182.1%above the sector's middle half▲ 245.7pp6.3%within the sector's middle half▼ 175.8pp99.6%above the sector's middle half▲ 93.3pp108.8%above the sector's middle half▲ 9.2pp1.6%within the sector's middle half▼ 107.2pp
Staff (FTE)10.8▲ 120%5.9▼ 45.4%0.20.3▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,651
Fixed assets
€32,334 ▼ 5.6%
Current assets
€30,317 ▲ 9.8%
Equity and liabilities €62,651
Equity
€38,564 ▲ 2.7%
Debt
€24,087 ▼ 0.9%
Debt's share of the balance-sheet total falls from 39.3% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,332▼
2024 · €86,272
Cash flow
€9,795▼
2024 · €72,846
Debt to equity
0.62▼
2024 · 0.65
ROE
2.6%▼
2024 · 179.2%
Interest coverage
9.39▼
2024 · 27.18
Debt ≤ 1 year
€18,072▲
2024 · €11,348
Debt > 1 year
€6,015▼
2024 · €12,948
Income taxes
€3,010▼
2024 · €10,253
Staff costs
€13,444▲
2024 · €5,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €123,045 | €92,309 | - | €5,929 | €13,444 | ▲ 127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,503 | €5,292 | €7,634 | €5,552 | €8,793 | ▲ 58.4% |
| Other operating charges640/8 | €11,363 | €2,624 | €22,347 | €5,901 | €452 | ▼ 92.3% |
| Gross operating margin9900 | €211,891 | €106,225 | €52,591 | €98,102 | €28,228 | ▼ 71.2% |
| Operating profit (loss)9901 | €59,980 | €6,000 | €22,610 | €80,720 | €5,539 | ▼ 93.1% |
| Financial income75/76B | €2 | - | - | €1 | - | - |
| Recurring financial income75 | €2 | - | - | €1 | - | - |
| Financial charges65/66B | €4,207 | €3,335 | €1,144 | €3,174 | €1,527 | ▼ 51.9% |
| Recurring financial charges65 | €4,207 | €3,335 | €1,144 | €3,174 | €1,527 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €55,775 | €2,665 | €21,466 | €77,547 | €4,012 | ▼ 94.8% |
| Income taxes67/77 | - | - | €5,671 | €10,253 | €3,010 | ▼ 70.6% |
| Profit (loss) for the period9904 | €55,775 | €2,665 | €15,795 | €67,294 | €1,002 | ▼ 98.5% |
| Profit (loss) for the period to be appropriated9905 | €55,775 | €2,665 | €15,795 | €67,294 | €1,002 | ▼ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,637 | €42,556 | €15,866 | €61,858 | €62,651 | ▲ 1.3% |
| Fixed assets21/28 | €11,790 | €16,498 | €8,534 | €34,252 | €32,334 | ▼ 5.6% |
| Tangible fixed assets22/27 | €11,460 | €16,168 | €8,534 | €33,982 | €30,564 | ▼ 10.1% |
| Plant, machinery and equipment23 | €11,460 | €16,168 | €8,534 | €9,925 | €11,507 | ▲ 15.9% |
| Furniture and vehicles24 | - | - | - | €24,057 | €19,057 | ▼ 20.8% |
| Financial fixed assets28 | €330 | €330 | - | €270 | €1,770 | ▲ 556% |
| Current assets29/58 | €18,847 | €26,058 | €7,332 | €27,606 | €30,317 | ▲ 9.8% |
| Amounts receivable within one year40/41 | €10,268 | €26,058 | €7,332 | €22,914 | €29,969 | ▲ 30.8% |
| Trade receivables40 | €10,268 | €26,058 | €6,000 | €11,015 | €6,108 | ▼ 44.5% |
| Other amounts receivable41 | - | - | €1,332 | €11,899 | €23,861 | ▲ 101% |
| Cash at bank and in hand54/58 | €7,816 | - | - | €4,413 | - | - |
| Deferred charges and accrued income490/1 | €763 | - | - | €279 | €348 | ▲ 24.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,637 | €42,556 | €15,866 | €61,858 | €62,651 | ▲ 1.3% |
| Equity10/15 | -€48,192 | -€45,527 | -€29,732 | €37,562 | €38,564 | ▲ 2.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€68,652 | -€65,987 | -€50,192 | €17,102 | €18,104 | ▲ 5.9% |
| Amounts payable17/49 | €78,829 | €88,083 | €45,598 | €24,296 | €24,087 | ▼ 0.9% |
| Amounts payable after more than one year17 | €50,000 | - | - | €12,948 | €6,015 | ▼ 53.5% |
| Financial debts170/4 | €50,000 | - | - | €12,948 | €6,015 | ▼ 53.5% |
| Amounts payable within one year42/48 | €28,829 | €88,083 | €45,598 | €11,348 | €18,072 | ▲ 59.3% |
| Current portion of amounts payable after more than one year42 | €4,106 | - | - | €6,635 | €6,933 | ▲ 4.5% |
| Financial debts43 | - | €706 | €4,423 | - | €4,147 | - |
| Credit institutions430/8 | - | €706 | €4,423 | - | €4,147 | - |
| Trade debts44 | €2,205 | €43,355 | €30,609 | €551 | €115 | ▼ 79.1% |
| Suppliers440/4 | €2,205 | €43,355 | €30,609 | €551 | €115 | ▼ 79.1% |
| Advances received on contracts in progress46 | €8,051 | €8,052 | €7,260 | - | - | - |
| Taxes, remuneration and social security45 | €7,976 | €7,267 | €3,306 | €4,162 | €6,877 | ▲ 65.2% |
| Taxes450/3 | €1,839 | €3,162 | €3,306 | €3,252 | €6,877 | ▲ 111% |
| Remuneration and social security454/9 | €6,137 | €4,105 | - | €910 | - | - |
| Other amounts payable47/48 | €6,491 | €28,703 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,775 | €2,665 | €15,795 | €67,294 | €1,002 | ▼ 98.5% |
| + Depreciation and write-downs630 | €17,503 | €5,292 | €7,634 | €5,552 | €8,793 | ▲ 58.4% |
| Operating cash flow (approximation) | €73,278 | €7,957 | €23,429 | €72,846 | €9,795 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | -€10,000 | €330 | -€31,270 | -€6,875 | ▲ 78.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €67,294 ▲326%
Operating result €80,720, net result €67,294, both a record.
31-12
Financial
Liquidity times 15current ratio 2.43
Current ratio from 0.16 to 2.43; short-term debt falls from €45,598 to €11,348.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €55,775
Net result €55,775 after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€25,266
Net result drops to -€25,266, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grâce-Hollogne · 1 establishment unit since 2016
Ground area
467 m²
Building footprint
116 m²
Volume, LiDAR
72 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Centre de Bien-être elle et lui
since 20162.258.525.432
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0272/00C002 | Wallonia | 349 m² | 1 · 101 m² | - |
| 62356F0122/00Z068 | Wallonia | 118 m² | 1 · 15 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,867 companies in sector 96220 we hold annual accounts for 1,445. 1,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
96220Beauty care and other beauty treatments
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47120Other non-specialised retail sale
47711Retail sale of women's outerwear
47715Retail trade
47721Retail sale of footwear
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666470964
Also
9925:BE0666470964
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.