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Manuchar

Active Public limited companyfounded 1970active for 56 yearsRietschoorvelden 20, 2170 AntwerpKBO/BCE: BE 0407.045.751 subsidiary of MANUCHAR GROUP#5 company by total assets in Antwerp, Wholesale and retail trade sector
Part of the group MANUCHAR GROUP 45 companies in 36 countries
See the group
Manuchar
Financial year 2025
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Annual accounts 2025

full format, standalone accounts, filed on 07-07-2026, 24 days before the deadline
≈ €504.9m
▲ 4.7%
≈ -€9.4m
▼ €6.0m
≈ -€3.7m
▼ €3.1m
≈ -€2.7m
▼ €4.6m
38.1%
▼ 4.2 percentage points
1.04
▼ 0.02

The company also files consolidated accounts, with the figures of the whole group.

The accounts were filed in USD. The amounts in euro are an estimate (≈) at ECB reference rates. The balance sheet is at the rate on the balance-sheet date (1 EUR = 1.1750 USD on 31-12-2025), turnover and results at the financial year's average rate (1 EUR = 1.1300 USD). The filed accounts themselves stay in USD.

In the rankings #5 company by total assets in Antwerp, Wholesale and retail trade sector#9 company by equity in Antwerp, Wholesale and retail trade sector

Money flows

of every €100 of turnover, €1.67 was lost in 2025

Balance sheet

balance sheet total USD 479.3m on 31-12-2025
What the company ownsHow it is paid for

in USD m

in USD m

Position in the sector

Compare with sector

38.1%

Higher than 42% of 6,191 companies in 2025.

1.04

Higher than 16% of 6,111 companies in 2025.

-2.0%

Higher than 18% of 6,175 companies in 2025.

Manuchar Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

Men and women51% women

100.4 men and 106.3 women in full-time equivalents in 2025.

USD 119,410

Men USD 136,984, women USD 102,812 per full-time equivalent. Jobs differ, so this is not a pay gap.

+2 people

people who joined people who left

In 2025, 33 people joined and 31 left. Training hours in 2025: 4,596. Agency workers: 3.3 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 USD 479.3mUSD 454.6m343.7m506.8m322.6m236.8m290.7m302.7m251.3m251.1m271.3m267.3m246.2m238.0m240.4m165.2m102.7m127.2m83.8m
21/28 USD 182.5mUSD 181.3m149.5m113.8m83.6m81.0m80.7m76.5m80.2m83.9m60.6m47.8m43.4m29.5m23.7m11.2m10.5m9.1m7.9m
21 USD 21.3mUSD 20.6m12.0m3.0m1.1m361,3521.3m352,147---1,5226,401209,686109,58185,85861,51748,010-
22/27 USD 1.4mUSD 1.5m1.3m1.3m1.0m898,1961.0m1.1m958,8211.2m1.8m2.3m1.0m1.7m740,198735,376815,127900,366782,905
22 USD 774,606USD 590,488412,903435,511396,596337,146410,428389,774380,971458,298619,849583,148672,752775,203376,153418,101495,492513,687300,101
23 ---------1977901,382-------
24 USD 647,519USD 924,092849,543863,404638,495561,050599,470698,777467,911336,523333,186309,673369,129918,737364,045317,276319,634386,678482,804
28 USD 159.8mUSD 159.1m136.2m109.5m81.4m79.7m78.4m75.1m79.2m82.7m58.9m45.5m42.3m27.6m22.8m10.4m9.6m8.1m7.1m
280/1 USD 159.6mUSD 158.7m135.7m109.0m81.1m79.4m78.1m74.8m78.9m82.3m58.5m45.2m42.0m27.3m22.8m10.4m9.6m8.0m7.1m
280 USD 108.8mUSD 97.3m80.3m79.4m75.6m68.7m64.8m56.4m56.0m58.7m58.5m45.2m42.0m27.3m22.8m10.4m9.6m8.0m7.1m
281 USD 50.9mUSD 61.4m55.4m29.7m5.5m10.7m13.2m18.3m22.9m23.6m---------
282/3 USD 5,753USD 307,849346,601346,600282,000282,000282,000282,000282,000282,000282,000282,000282,000282,000--43,16143,16143,161
282 USD 5,753USD 307,849346,601346,600282,000282,000282,000282,000282,000282,000282,000282,000282,000282,000--43,16143,16143,161
284/8 USD 126,819USD 123,024109,220110,10083,80482,29060,61438,71736,04138,63344,98398,38650,21530,18638,36930,14433,64744,19617,396
285/8 USD 126,819USD 123,024109,220110,10083,80482,29060,61438,71736,04138,63344,98398,38650,21530,18638,36930,14433,64744,19617,396
29/58 USD 296.8mUSD 273.4m194.2m393.1m239.0m155.8m210.0m226.2m171.2m167.2m210.6m219.5m202.8m208.4m216.7m153.9m92.2m118.2m75.9m
29 USD 3.5mUSD 2.1m5.4m4.1m6.1m6.9m11.6m8.3m3.8m3.8m14.6m8.4m-3.8m5.7m7.9m1.0m1.6m234,000
290 ----------5.8m----555,6361.0m1.6m-
291 USD 3.5mUSD 2.1m5.4m4.1m6.1m6.9m11.6m8.3m3.8m3.8m8.8m8.4m-3.8m5.7m7.4m--234,000
3 USD 56,663USD 56,6632.5m5.5m4.2m3.4m2.6m3.2m2.6m2.2m4.2m9.5m6.7m4.9m1.7m168,488195,066--
30/36 USD 56,663USD 56,6632.5m5.5m4.2m3.4m2.6m3.2m2.6m2.2m4.2m9.5m6.7m4.9m1.7m168,488195,066--
30/31 ---116,831887,8641.8m1.1m1.9m1.6m1.1m3.5m8.9m5.8m4.4m1.4m----
34 USD 56,663USD 56,6632.5m5.4m3.3m1.5m1.5m1.3m1.1m1.1m632,082609,552841,476551,680231,134168,488195,066--
40/41 USD 246.3mUSD 266.1m162.2m380.2m225.5m144.5m194.5m212.4m161.2m153.3m188.3m195.8m194.0m196.6m201.4m143.0m88.3m114.1m72.7m
40 USD 221.7mUSD 246.5m146.6m299.6m219.4m138.0m186.5m194.7m139.0m127.1m156.4m163.6m162.7m157.8m165.1m130.7m80.1m105.2m67.8m
41 USD 24.7mUSD 19.6m15.6m80.5m6.1m6.5m8.0m17.7m22.2m26.2m31.9m32.3m31.4m38.8m36.3m12.3m8.2m8.9m4.9m
50/53 USD 31.4mUSD 1.9m2.8m-44,614-226,3591.3m568,1674.1m1.6m1.9m1.6m824,943544,5041.4m258,524245,816185,295
51/53 USD 31.4mUSD 1.9m2.8m-44,614-226,3591.3m568,1674.1m1.6m1.9m1.6m824,943544,5041.4m258,524245,816185,295
54/58 USD 10.6mUSD 1.2m19.8m987,9622.6m514,772507,999317,8442.3m3.0m1.3m3.8m398,1372.2m7.3m1.4m2.2m1.9m2.1m
490/1 USD 4.7mUSD 2.0m1.5m2.3m577,548476,481573,019656,237718,885896,565683,95535,08189,30348,244154,012129,957171,346354,647804,665
Balance sheet: equity and liabilities
10/49 USD 479.3mUSD 454.6m343.7m506.8m322.6m236.8m290.7m302.7m251.3m251.1m271.3m267.3m246.2m238.0m240.4m165.2m102.7m127.2m83.8m
10/15 USD 182.7mUSD 192.2m175.3m122.3m20.9m6.8m7.6m11.3m18.8m29.8m33.5m32.6m37.8m25.1m22.8m19.7m15.7m13.0m7.8m
10/11 USD 1.0mUSD 1.0m806,9481.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m
10 USD 1.0mUSD 1.0m806,9481.0m---------------
100 USD 1.0mUSD 1.0m806,9481.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m
12 ---108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070108,070
13 USD 96,329USD 96,32987,274108,314108,314108,314108,314107,732107,732107,732107,732107,732107,732107,732107,732389,732970,2321.5m1.5m
130/1 USD 87,959USD 87,95981,164100,731100,731100,731582------------
130 USD 87,317USD 87,31780,695100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149100,149
1319 USD 642USD 642469582582582582------------
132 ---------------282,000862,5001.4m1.4m
133 USD 8,371USD 8,3716,1107,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,5837,583
14 USD 181.6mUSD 191.1m174.4m121.1m19.7m5.6m6.3m10.0m17.5m28.6m32.3m31.4m36.6m23.9m21.6m18.2m13.6m10.4m5.2m
16 -----215,787223,50112,096275,260291,500---------
160/5 -----215,787223,50112,096275,260291,500---------
164/5 -----215,787223,50112,096275,260291,500---------
17/49 USD 296.6mUSD 262.4m168.4m384.5m301.7m229.8m282.9m291.5m232.3m221.0m237.8m234.7m208.4m212.8m217.5m145.5m87.0m114.2m76.0m
17 --53.6m222.8m43.3m57.3m76.1m40.3m30.1m833,3281.6m2.6m7.1m2.6m12.9m8.7m5.8m6.2m5.0m
170/4 --53.6m222.8m43.3m57.3m76.1m40.3m30.0m703,7571.4m2.4m6.8m2.4m12.9m8.7m5.8m6.2m5.0m
170 ----25.0m35.0m30.3m20.3m20.0m---5.0m-10.0m5.0m5.0m5.0m5.0m
172 --------30,050109,820281,876836,776-------
173 ----12.9m19.7m43.0m20.0m10.0m593,9371.2m1.5m1.8m2.4m2.9m3.7m810,8781.2m-
174 --53.6m222.8m5.4m2.6m2.8m------------
178/9 ------26,71763,737101,806129,571166,591203,611240,631277,652-----
42/48 USD 286.6mUSD 258.0m109.7m150.6m250.8m169.2m204.1m248.1m199.9m218.9m234.6m231.3m199.8m209.7m203.8m136.2m80.8m107.6m70.0m
42 USD 93.3mUSD 60.3m212,075650,71840.9m23.1m37,64667,071122,72827.4m21.2m6.5m1.1m11.0m1.0m1.0m655,7911.0m-
43 USD 89.1mUSD 62.7m30.8m63.6m119.7m57.8m134.3m211.7m168.8m143.7m166.8m170.5m150.5m153.2m159.9m110.3m58.9m87.5m49.7m
430/8 USD 89.1mUSD 62.7m30.8m63.6m119.7m57.8m134.3m201.7m168.8m121.8m166.8m170.5m150.5m153.2m159.9m110.3m58.9m87.5m49.7m
439 -------10.0m-21.9m---------
44 USD 99.3mUSD 123.9m70.5m77.2m77.5m55.2m51.8m20.7m16.7m37.1m34.7m41.2m37.4m35.5m31.6m19.7m15.8m14.7m14.9m
440/4 USD 99.3mUSD 123.9m70.5m77.2m77.5m55.2m51.8m20.7m16.7m37.1m34.7m41.2m37.4m35.5m31.6m19.7m15.8m14.7m14.9m
45 USD 2.5mUSD 2.0m3.7m4.2m2.3m2.2m1.9m1.8m1.4m2.0m2.3m1.9m2.1m1.5m1.7m1.3m1.7m1.5m424,128
450/3 USD 106,439USD 18,8181.1m379,30817,688243,520-42,6071,5748,1628,0606,412483,99258,731406,619145,248696,390734,91879,929
454/9 USD 2.4mUSD 2.0m2.6m3.8m2.3m1.9m1.9m1.7m1.4m2.0m2.3m1.9m1.7m1.4m1.3m1.2m1.0m794,639344,199
47/48 USD 2.3mUSD 9.0m4.4m5.0m10.4m31.0m16.1m13.9m12.9m8.7m9.7m11.2m8.7m8.4m9.5m3.8m3.7m2.9m5.0m
492/3 USD 10.1mUSD 4.4m5.2m11.1m7.5m3.2m2.7m3.0m2.2m1.3m1.5m881,1781.5m523,321863,628597,923418,801397,1161.0m
Income statement
70/76A USD 592.3mUSD 543.3m540.6m1.13bn778.7m504.9m543.7m509.9m426.9m342.1m391.1m318.0m300.3m303.9m263.2m209.8m137.0m245.7m145.0m
70 USD 570.5mUSD 521.7m507.8m1.11bn767.7m496.3m533.0m500.8m418.8m333.3m383.6m310.9m292.8m299.2m259.2m206.4m133.4m242.5m144.3m
72 USD 2.5m-9.8m2.2m566,632352,140750,593------------
74 USD 19.1mUSD 21.3m23.0m12.9m---------------
76A USD 305,429USD 170,96815,5133.9m658,34544,1421.2m52,85020,85449,69010,787388,31227,6589,8697,04593,07633,438164,916152,066
60/66A USD 603.0mUSD 547.0m535.7m1.09bn766.9m499.6m531.8m497.1m419.1m342.2m389.2m319.1m294.3m300.6m260.5m206.7m131.8m235.0m139.7m
60 USD 535.7mUSD 490.0m469.8m1.04bn723.4m469.1m501.0m473.5m396.4m315.7m368.0m296.8m277.0m283.9m248.1m196.0m122.2m227.0m134.9m
600/8 USD 535.7mUSD 487.3m466.8m1.04bn724.2m469.8m500.4m474.1m396.9m313.7m362.7m294.0m278.8m287.1m249.6m196.0m122.4m227.0m134.9m
609 -USD 2.7m3.0m-1.3m-819,608-739,030564,951-555,853-462,0762.0m5.3m2.8m-1.8m-3.2m-1.5m26,578-195,066--
61 USD 30.3mUSD 25.0m40.2m19.9m15.4m10.5m9.3m8.6m8.3m8.3m6.6m5.7m4.4m4.4m4.3m3.5m3.1m2.8m3.3m
62 USD 24.7mUSD 20.0m23.8m22.5m20.1m15.7m15.9m14.6m13.9m13.1m12.7m11.0m10.0m8.8m7.8m6.9m6.1m5.0m1.2m
630 USD 6.5mUSD 3.0m1.2m785,266656,797710,798681,415432,563611,8171.4m847,004739,003292,589471,843275,114312,326310,101311,768256,623
631/4 -USD 283,783USD 1.4m113,9441.9m506,326515,142611,893-139,637-174,5823.4m999,8384.9m2.5m3.1m-----
635/8 -----215,787-7,581211,10648,760-16,256291,500---------
640/8 USD 247,011USD 263,806126,734114,643109,739107,790119,29549,14850,50535,75436,55444,61629,41941,20430,39222,07225,23929,64010,110
66A USD 5.9mUSD 7.3m350,6681.1m7.1m3.1m4.0m30.5m13.7m45,4704.0m236,42866,1547,836552,945--94,715176,630
9901 -USD 10.7m-USD 3.8m4.9m46.1m11.8m5.3m11.9m12.8m7.8m-111,2321.9m-1.1m5.9m3.3m2.7m3.1m5.2m10.6m5.3m
75/76B USD 31.7mUSD 21.0m101.0m91.3m24.3m15.2m13.5m28.3m6.1m15.6m19.5m7.5m23.1m7.1m10.3m8.8m6.5m4.7m2.4m
75 USD 29.5mUSD 15.8m50.5m91.3m20.3m14.7m13.5m28.3m6.1m15.2m19.5m7.5m23.1m7.1m10.3m8.8m6.5m4.7m2.4m
750 USD 14.8mUSD 3.4m36.4m85.6m17.0m5.7m5.0m20.3m2.2m11.8m10.7m1.2m15.4m3.8m5.3m7.1m5.0m2.4m1.1m
751 USD 8.4mUSD 8.8m9.0m3.8m1.7m1.8m6.5m5.4m3.5m2.4m2.1m2.0m2.1m3.0m2.5m1.7m1.2m660,566923,846
752/9 USD 6.3mUSD 3.5m5.1m1.9m1.6m7.1m2.0m2.6m316,3941.1m6.7m4.3m5.6m232,2262.4m1,325174,8451.6m447,826
76B USD 2.3mUSD 5.2m50.5m-4.0m541,928---359,884---------
65/66B USD 30.5mUSD 18.3m28.6m35.1m22.1m18.3m26.2m48.3m24.9m15.9m14.2m9.6m14.9m8.1m6.7m5.4m5.6m7.0m6.4m
65 USD 29.6mUSD 18.3m28.5m35.1m18.1m18.3m18.3m17.9m11.2m12.7m14.2m9.6m14.9m8.1m6.7m5.4m5.6m7.0m6.4m
650 USD 18.8mUSD 12.1m18.4m24.7m10.3m9.0m11.6m11.2m6.3m5.4m5.2m5.7m4.9m5.2m3.8m3.0m2.6m4.8m4.9m
651 -------------12,957--7,47211,58324,84811,789170,893
652/9 USD 10.8mUSD 6.2m10.2m10.3m7.8m9.3m6.8m6.6m4.9m7.4m9.1m4.0m10.0m3.0m2.9m2.4m3.0m2.2m1.3m
66B USD 946,734-92,413-4.0m-7.9m30.5m13.7m3.2m---------
9903 -USD 9.5m-USD 1.1m77.3m102.3m14.0m2.3m-748,906-7.2m-11.1m-466,1933.1m-3.1m14.0m2.2m5.8m6.6m6.1m8.4m1.4m
67/77 USD 68,353-USD 59,27737,112913,185-104,82424,498-50,979269,30111,2958,1628,0606,41225,513-46,049476,039-44,117250,3711.7m-
670/3 USD 68,353USD 37,42437,112913,18525,65024,498173,627269,30111,2958,1628,0606,41225,513-476,039-250,3711.7m-
77 -USD 96,701--130,475-224,606------46,049-44,117---
9904 -USD 9.5m-USD 1.0m77.2m101.4m14.1m2.3m-697,927-7.5m-11.1m-474,3553.1m-3.1m14.0m2.3m5.3m6.7m5.8m6.7m1.4m
789 --------------282,000580,500570,000--
689 ------------------682,500
9905 -USD 9.5m-USD 1.0m77.2m101.4m14.1m2.3m-697,927-7.5m-11.1m-474,3553.1m-3.1m14.0m2.3m5.6m7.2m6.4m6.7m684,197
Appropriation of the result
9906 USD 181.6mUSD 191.1m198.4m121.1m19.7m8.6m9.3m10.0m17.5m31.8m34.5m33.5m37.9m23.9m23.8m20.8m16.8m11.9m7.9m
14P USD 191.1mUSD 192.1m121.1m19.7m---------------
691/2 --23.9m----------------
6921 --23.9m----------------
694/7 -----3.0m3.0m--3.2m2.2m2.1m1.4m-2.1m2.6m3.2m1.5m2.7m
694 -----2.0m2.0m--3.0m2.0m2.0m1.2m-2.0m2.5m3.0m1.3m2.6m
695 -----1.0m1.0m--200,000200,000155,000155,000-155,000155,000155,000135,000135,000
Social balance sheet
9087 206.7207.4259.6262224.8206.6199.9186.8182.9182.2170.8153.1139.1127.9113.210294.179.918.6
Men (FTE)1003 100.4101.9136.5142.6118.6107103.2100.898.696.294.487.581.975.5-----
Women (FTE)1003 106.3105.5123.1119.2106.299.696.78684.38676.465.657.252.4-----
Agency workers1501 3.30.8-7.82.82.60.81.41.41.30.620.10.5--0.20.1-
Hours worked1013 330,220330,710408,088416,646359,021334,425319,641306,273296,803294,266278,140251,724227,695213,396188,457169,412155,063132,08730,613
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The accounts for 30 older financial years (1977-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 89 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 07-07-2026 2026-00270368 PDF
31-12-2024 full format 31-07-2025 2025-00355657 PDF
31-12-2023 full format 23-05-2024 2024-00099987 PDF
31-12-2022 consolidated 13-06-2023 2023-00133275 PDF
31-12-2022 full format 22-05-2023 2023-00093657 PDF
31-12-2021 consolidated 29-03-2022 2022-09900171 PDF
31-12-2021 full format 29-03-2022 2022-09900059 PDF
31-12-2020 consolidated 12-05-2021 2021-14700273 PDF
31-12-2020 full format 28-04-2021 2021-12100573 PDF
31-12-2019 consolidated 14-05-2020 2020-12500524 PDF
31-12-2019 full format 13-05-2020 2020-12500529 PDF
31-12-2018 consolidated 23-05-2019 2019-14800131 PDF
31-12-2018 full format 23-05-2019 2019-14800136 PDF
31-12-2017 full format 15-05-2018 2018-13100015 PDF
31-12-2017 consolidated 14-05-2018 2018-13100098 PDF
31-12-2016 consolidated 22-06-2017 2017-22100454 PDF
31-12-2016 full format 21-06-2017 2017-21300011 PDF
31-12-2015 consolidated 06-06-2016 2016-16500081 PDF
31-12-2015 full format 06-06-2016 2016-16600297 PDF
31-12-2014 consolidated 28-07-2015 2015-35900410 PDF
31-12-2014 full format 16-06-2015 2015-18600351 PDF
31-12-2013 consolidated 17-06-2014 2014-19100388 PDF
31-12-2013 full format 27-05-2014 2014-14500209 PDF
31-12-2012 consolidated 17-06-2013 2013-18700246 PDF
31-12-2012 full format 14-06-2013 2013-18600451 PDF
31-12-2011 consolidated 30-03-2012 2012-07800526 PDF
31-12-2011 full format 30-03-2012 2012-07800489 PDF
31-12-2010 consolidated 30-03-2011 2011-07400399 PDF
31-12-2010 full format 30-03-2011 2011-07400345 PDF
31-12-2009 consolidated 23-04-2010 2010-09800283 PDF
31-12-2009 full format 23-04-2010 2010-09800270 PDF
31-12-2008 consolidated 29-04-2009 2009-12900370 PDF
31-12-2008 full format 29-04-2009 2009-12900197 PDF
31-12-2007 consolidated 29-05-2008 2008-18600255 PDF
31-12-2007 full format 28-05-2008 2008-18600239 PDF
31-12-2006 full format 01-06-2007 2007-16900353 PDF
31-12-2005 full format 02-06-2006 2006-18500002 PDF
31-12-2004 unclassified schema 08-06-2005 2005-21500014 PDF
31-12-2003 unclassified schema 21-06-2004 2004-26900145 PDF
31-12-2002 unclassified schema 04-06-2003 2003-18400213 PDF
31-12-2001 unclassified schema 04-06-2002 2002-15700236 PDF
31-12-2000 consolidated 18-12-2001 2001-75800228 PDF
31-12-2000 unclassified schema 22-06-2001 2001-24400005 PDF
31-12-1999 consolidated 06-12-2000 2000-73900262 PDF
31-12-1999 unclassified schema 23-06-2000 2000-26000034 PDF
31-12-1998 unclassified schema 14-06-1999 1999-17600680 PDF
31-12-1997 unclassified schema 12-06-1998 1998-16305092 PDF
31-12-1996 unclassified schema 06-06-1997 1997-12203959 PDF
31-12-1995 unclassified schema 10-06-1996 1996-13504894 PDF
31-12-1994 unclassified schema 24-05-1995 1995-09501199 PDF
31-12-1993 unclassified schema 30-05-1994 1994-10203813 PDF
31-12-1992 unclassified schema 02-06-1993 1993-09701493 PDF
31-12-1991 unclassified schema 16-06-1992 1992-11302912 PDF
31-12-1990 unclassified schema 31-05-1991 1991-06703187 PDF
31-12-1989 unclassified schema 01-06-1990 1990-06501091 PDF
31-12-1988 unclassified schema 02-06-1989 1989-06203749 PDF
31-12-1987 unclassified schema 31-05-1988 1988-05204531 PDF
31-12-1986 unclassified schema 21-05-1987 1987-06602503 PDF
31-12-1985 unclassified schema 23-05-1986 1986-08102173 PDF
31-12-1984 full format 07-06-1985 1985-08900316 PDF
31-12-1983 unclassified schema 07-06-1984 1984-05100089 PDF
31-12-1982 unclassified schema 08-06-1983 1983-04702289 PDF
31-12-1981 unclassified schema 10-06-1982 1982-04801121 PDF
31-12-1980 unclassified schema 26-06-1981 1981-07000329 PDF
31-12-1979 unclassified schema 05-06-1980 1980-04301421 PDF
31-12-1978 unclassified schema 06-08-1979 1979-09901855 PDF
31-12-1977 unclassified schema 10-08-1978 1978-06401418 PDF

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €17,775 awarded, €17,775 paid

Vlaams opleidingsverlof (VOV)
€17,775
Year Entries AwardedPaid
2025 1 €2,752€2,752
2024 1 €8,548€8,548
2023 1 €6,475€6,475

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
≈ -3.7m≈ -681,9956.1m46.9m12.5m6.0m12.6m13.2m8.4m1.3m2.7m-397,6166.2m3.8m3.0m3.5m5.5m11.0m5.6m
≈ -2.7m≈ 1.8m78.5m102.2m14.7m3.0m-16,512-7.1m-10.5m955,5324.0m-2.3m14.3m2.8m5.6m7.0m6.1m7.0m1.6m
≈ 23.0m≈ 19.4m15.2m6.8m8.4m4.1m10.5m1.9m1.6m4.5m15.3m5.4m15.1m6.3m13.3m1.0m1.8m1.5m912,323
≈ 9.4m-18.8m-1.6m2.0m6,773190,155-2.0m-666,4971.6m-2.5m3.4m-1.8m-5.0m5.9m-890,357296,594-108,303-
≈ 8.7m≈ 14.8m84.6m242.5m-11.9m-13.4m5.9m-21.9m-28.7m-51.6m-24.0m-11.8m3.0m-1.2m12.9m17.8m11.4m10.6m6.0m
-1.9%-0.7%1.0%4.1%1.5%1.1%2.2%2.6%1.9%0.0%0.5%-0.4%2.0%1.1%1.0%1.5%3.9%4.4%3.7%
38.1%42.3%51.0%24.1%6.5%2.9%2.6%3.7%7.5%11.9%12.3%12.2%15.4%10.6%9.5%11.9%15.3%10.2%9.4%
1.041.061.772.610.950.921.030.910.860.760.900.951.010.991.061.131.141.101.09
1.041.061.752.570.940.901.020.900.840.750.880.910.980.971.061.131.141.101.09
1.621.370.963.1414.4233.6437.4425.8912.387.417.107.215.518.479.527.385.548.769.69
-5.2%-0.5%44.1%82.9%67.3%33.3%-9.2%-66.7%-59.0%-1.6%9.3%-9.4%37.1%9.1%23.1%33.8%37.1%51.2%17.4%
-2.0%-0.2%22.5%20.0%4.4%1.0%-0.2%-2.5%-4.4%-0.2%1.1%-1.2%5.7%1.0%2.2%4.0%5.7%5.2%1.6%
-0.22-0.060.331.901.210.671.091.181.350.250.53-0.071.270.730.781.172.122.261.15
142 days172 days105 days98 days104 days101 days128 days142 days121 days139 days149 days192 days203 days193 days232 days231 days219 days158 days171 days
64 days88 days50 days27 days38 days42 days37 days16 days15 days42 days34 days50 days48 days45 days46 days36 days46 days23 days39 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-2022
Employees at the balance-sheet date211209234293
full-time182188206274
part-time29212819
in full-time equivalents203.2205.3228.5289
206.7207.4259.6261.8
On a permanent contract211209234293
Joined33495083
Left317410933
Agency workers, average number3.30.8-7.8
Training hours4,5964,2414,8264,399

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item2025202420232022
Debts secured on the company's own assets--€295€9.8m
Carrying value of the other pledged assets--€295€56
USD 181.2mUSD 166.3m€188.9m€213.5m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2025202420232022
Tangible fixed assetsUSD 508,288USD 746,400€512,143€733,045
Intangible fixed assetsUSD 9.0mUSD 10.0m€9.8m€2.2m
Financial fixed assetsUSD 13.5mUSD 8.7m€4.9m€3.9m
USD 6.5mUSD 3.0m€1.2m€785,266

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item2025202420232022
Fee for the auditUSD 141,071USD 119,474€100,000€106,001
Other work by the auditor-USD 27,401-€198,010

Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)

Insights on Manuchar

The operating result for 2025 is a loss of €9.4m, larger than the loss of €3.5m in 2024. It is the lowest result since 2007.

Debt's share of the balance-sheet total rises from 57.7% to 61.9%. Equity is lower and debt is higher.

Large changes and their cause

Next steps

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