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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
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Manuchar
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Holdings

own 2025 accounts, the bar shows equity in euros
This companyManuchar45 holdings, 38 countries 2025 accounts

Belgium 3 Equity Result

Europe 5 Equity Result

  • FR Disachim Sa25% €1.3m result €1
  • ES Manuchar Andina €1 result €1
  • GR Manuchar Hellas -€518,690 result -€105,733
  • TR Manuchar Kimya Sanayi (Turkey) -USD 96,722 result -USD 895,276
  • RO Manuchar Romania -RON 4.0m result -RON 2.6m

North America 7 Equity Result

  • CA Manuchar Canada80% CAD 2.2m result CAD 270,785
  • DO Manuchar Dominicana SA83.33% DOP 403.8m result DOP 64.0m
  • SV Manuchar El Salvador80% USD 4.9m result USD 411,611
  • GT Manuchar Guatemala80% GTQ 11.6m result GTQ 2.5m
  • HN Manuchar Honduras Sa de Cv80.01% HNL 2.8m result -HNL 15.7m
  • MX Manuchar International SA de CV MXN 98.7m result -MXN 42.4m
  • TT Manuchar Trinidadvia 80% TTD 14.9m result TTD 790,847

South America 12 Equity Result

  • AR Manuchar Argentina Sociedad Anonima99.99% USD 16.4m result -USD 1.2m
  • CO Manuchar Colombia cia Ltda75% USD 30.6m result USD 5.2m
  • BR Manuchar Comércio Exterior Ltda USD 42.2m result USD 6.2m
  • EC Manuchar Ecuador (Mapriplastec)50% USD 2.0m result USD 591,179
  • BR Manuchar Logistica do Brasil Ltda1% -BRL 3.2m result -BRL 1.9m
  • PE Manuchar Logistica Peru6.35% -USD 3.5m result -USD 3.1m
  • BO Manuchar Logistics Bolivia50% -USD 93,187 result -USD 16,180
  • PY Manuchar Paraguay99% USD 94,947 result -USD 22,331
  • PE Manuchar Peru (Cusa) USD 15.2m result USD 476,834
  • VE Manuchar Venezuela75% VEF 1 result VEF 1
  • CL Proquiel Manuchar SpA70% USD 14.3m result USD 5.1m
  • EC Quimica Industrial Montalvo SA51% USD 39.9m result USD 5.9m

Africa 8 Equity Result

  • ZA Manuchar Namibia €1 result €1
  • ZA Crystal Ball South Africa ZAR 15.1m result ZAR 2.5m
  • DZ Manuchar Algerie49% DZD 108.1m result -DZD 21.0m
  • EG Manuchar Chemical Trading70% EGP 18.6m result EGP 1
  • CI Manuchar Cote d'Ivoire XOF 2.32bn result XOF 651.5m
  • KE Manuchar Kenya80% KES 307.8m result KES 63.6m
  • ZA Manuchar South-Africa ZAR 145.7m result ZAR 13.0m
  • NG Manuchar Trading House -USD 3.6m result USD 848,998

Asia and Oceania 10 Equity Result

  • SA Kanoo Manuchar Saudi Arabia50% SAR 38.0m result SAR 1.6m
  • BD Manuchar Bangladesh99.9% -BDT 1.3m result BDT 1
  • AE Manuchar Chemical & Steel Trading49% -AED 573,412 result -AED 1.3m
  • HK Manuchar Hong Kong LTD USD 21.8m result -USD 611,980
  • IN Manuchar India99.95% INR 14.6m result INR 4.5m
  • ID Manuchar Indonesia52.74% IDR 93.16bn result -IDR 9.96bn
  • MY Manuchar Malaysia SDN. BHD. -MYR 446,522 result -MYR 291,967
  • PK Manuchar Pakistan PKR 208.8m result PKR 7.8m
  • PH Manuchar Philippines Inc89.84% PHP 140.1m result PHP 27.7m
  • TH Manuchar Thailand LTD THB 99.4m result THB 5.6m

Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Part of the group MANUCHAR GROUP Group, risk and exposure

Parent

MANUCHAR GROUP
0777.879.622 · 100% of the shares · equity USD 387.0m · loss USD 46.7m (2025)

At the same address

Rietschoorvelden 20, 2170 Antwerp · 14 other companies
MANUCHAR GROUP
registered office since 30-11-2021 · founded in 2021
 total assets €888.3m (2025)
0777.879.622
MANUCHAR STEEL
registered office since 01-07-2004 · founded in 2004 · group Manuchar International Trade Services
 turnover €761.2m (2025)
0865.797.353
Manuchar International Trade Services
registered office since 13-03-2023 · founded in 2023
 30 FTE (2025)
0799.443.514
Manuchar Pulp & Paper
registered office since 13-03-2023 · founded in 2023 · group Manuchar International Trade Services
 16 FTE (2025)
0799.443.316
Manuchar Europe
registered office since 17-11-2022 · founded in 2022 · group MANUCHAR GROUP
 19 FTE (2025)
0793.709.923
Dragonfly Invest
registered office since 15-06-2022 · founded in 2022
 total assets €36.2m (2025)
0787.276.348
PPLS Invest
registered office since 14-06-2022 · founded in 2022
 total assets €32.9m (2025)
0787.267.737
Flamengo investments
registered office since 14-06-2022 · founded in 2022
 total assets €22.1m (2025)
0787.267.638
Corvida investments
registered office since 15-06-2022 · founded in 2022
 total assets €12.6m (2025)
0787.276.150
LDI INTERNATIONAL
registered office since 17-07-2000 · founded in 2000 · group MANUCHAR GROUP
 total assets €6.7m (2025)
0472.156.309
and 4 more

Earlier ties

April Beauty Belgium
via Matthias De Raeymaeker, no longer at April Beauty Belgium · Director · deed of 04-08-2016
founded in 1971 · negative equity (2025)
 250 FTE (2025)
FEDERATION BELGE DU COMMERCE ET DES SERVICES
via Matthias De Raeymaeker, no longer at FEDERATION BELGE DU COMMERCE ET DES SERVICES · Director · deed of 24-11-2016
founded in 1941 · accounts filed late
 59 FTE (2024)
OncoDNA
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 20-12-2019
founded in 2012 · negative equity (2025)
 21 FTE (2025)
DELEN PRIVATE BANK
via John-Eric BERTRAND, at Manuchar until 2022 · (niet uitvoerend) b bestuurder · deed of 18-03-2025
founded in 1994 · group ACKERMANS & VAN HAAREN
 total assets €3.48bn (2025)
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 14-07-2020
founded in 1930 · group ACKERMANS & VAN HAAREN
 turnover €21.7m (2025)
Société Financière des Sucres
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 12-11-2025
founded in 1929
 turnover €16.3m (2023)
Show 17 more earlier ties
COMPAGNIE D'ENTREPRISES CFE
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 09-06-2021
founded in 1880 · group ACKERMANS & VAN HAAREN
 54 FTE (2025)
SIPEF
via John-Eric BERTRAND, at Manuchar until 2022 · Non-executive director · deed of 29-07-2026
founded in 1919
 turnover €288.6m (2025)
AvH Growth Capital
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 03-07-2025
founded in 1988 · group ACKERMANS & VAN HAAREN
 total assets €223.7m (2025)
BPC Group
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 02-07-2015
founded in 1983 · group ACKERMANS & VAN HAAREN
 301 FTE (2025)
Mediahuis Partners
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 24-06-2026
founded in 1976 · group Capstone Partners
 total assets €180.3m (2025)
DI
via Matthias De Raeymaeker, no longer at DI · Director · deed of 10-01-2019
founded in 1986
 310 FTE (2025)
Dematic
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 16-07-2010
founded in 1947
 144 FTE (2025)
AGIDENS INTERNATIONAL
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 05-12-2023
founded in 1999 · group ACKERMANS & VAN HAAREN
 34 FTE (2025)
ALURAL BELGIUM
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 05-02-2010
founded in 1982 · group REYNAERS ALUMINIUM
 137 FTE (2025)
DELSHOP
via Matthias De Raeymaeker, no longer at DELSHOP · Director · deed of 04-08-2016
founded in 1984
 total assets €10.3m (2025)
BAARBEEK IMMO
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 23-06-2021
founded in 2016 · group ACKERMANS & VAN HAAREN
 total assets €7.1m (2025)
Alfa Park
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 05-04-2013
founded in 2011 · group EFFIA Belgium
 24 FTE (2025)
MATTHIAS DE RAEYMAEKER
via Matthias De Raeymaeker, no longer at MATTHIAS DE RAEYMAEKER · Permanent representative · deed of 14-04-2025
founded in 2010
 total assets €4.1m (2025)
IMMONI
via Matthias De Raeymaeker, no longer at IMMONI · Director · deed of 14-11-2014
founded in 1985
 total assets €2.9m (2025)
BANK J.VAN BREDA & C°
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 08-07-2026
group ACKERMANS & VAN HAAREN
 founded in 1930
Belgian Finance Center
via John-Eric BERTRAND, at Manuchar until 2022 · Director · deed of 26-10-2023
 founded in 2012
MANUCHAR WOOD
via MATTHIAS DE RAEYMAEKER, no longer at MANUCHAR WOOD · Director · deed of 15-03-2023
No longer active
 0.7 FTE (2024)

Holdings and subsidiaries

45 in the list of holdings, 3 from the LEI register

Holdings 48

  • MANUCHAR HONG KONG LIMITEDHKsubsidiary
    SourceLEI register
    consolidated
  • MANUCHAR PAKISTAN (PRIVATE) LIMITEDPKsubsidiary
    SourceLEI register
    consolidated
  • PARTS TRADING COMPANYsubsidiary
    Equity €249,728 Loss of €7,924 in 2025 (profit of €9,821 in 2024) Checked score 94
    SourceLEI register
    consolidated
Share, source and own figures per holding (45)

Source for every holding own accounts 2025

  • Crystal Ball South AfricaZAsubsidiary
    Equity ZAR 15.1mResult ZAR 2.5m
    100%
  • LDI INTERNATIONALsubsidiary
    Equity USD 3.3m Profit of USD 2.8m in 2025 (loss of USD 521,861 in 2024) Checked score 97
    AlsoLEI register
    100%
  • Manuchar AndinaESsubsidiary
    Equity €1Result €1
    100%
  • Manuchar Comércio Exterior LtdaBRsubsidiary
    Equity USD 42.2mResult USD 6.2m
    100%
  • Manuchar Cote d'IvoireCIsubsidiary
    Equity XOF 2.32bnResult XOF 651.5m
    100%
  • Manuchar Europesubsidiary
    Equity €3.4m Loss of €286,298 in 2025 (profit of €1.0m in 2024) Checked score 53
    100%
  • Manuchar HellasGRsubsidiary
    Equity -€518,690Result -€105,733
    100%
  • Manuchar Hong Kong LTDHKsubsidiary
    Equity USD 21.8mResult -USD 611,980
    100%
  • Manuchar International SA de CVMXsubsidiary
    Equity MXN 98.7mResult -MXN 42.4m
    100%
  • Manuchar Kimya Sanayi (Turkey)TRsubsidiary
    Equity -USD 96,722Result -USD 895,276
    100%
  • Manuchar Malaysia SDN. BHD.MYsubsidiary
    Equity -MYR 446,522Result -MYR 291,967
    100%
  • Manuchar NamibiaZAsubsidiary
    Equity €1Result €1
    100%
  • Manuchar PakistanPKsubsidiary
    Equity PKR 208.8mResult PKR 7.8m
    100%
  • Manuchar Peru (Cusa)PEsubsidiary
    Equity USD 15.2mResult USD 476,834
    100%
  • Manuchar RomaniaROsubsidiary
    Equity -RON 4.0mResult -RON 2.6m
    100%
  • Manuchar South-AfricaZAsubsidiary
    Equity ZAR 145.7mResult ZAR 13.0m
    100%
  • Manuchar Thailand LTDTHsubsidiary
    Equity THB 99.4mResult THB 5.6m
    100%
  • Manuchar Trading HouseNGsubsidiary
    Equity -USD 3.6mResult USD 848,998
    100%
  • UNIT ONEsubsidiary
    Equity €192,106 Profit of €2,112 in 2025 (profit of €4,136 in 2024) Checked score 91
    100%
  • Manuchar Argentina Sociedad AnonimaARsubsidiary
    Equity USD 16.4mResult -USD 1.2m
    99.99%+ 0.01% via subsidiaries
  • Manuchar IndiaINsubsidiary
    Equity INR 14.6mResult INR 4.5m
    99.95%+ 0.05% via subsidiaries
  • Manuchar BangladeshBDsubsidiary
    Equity -BDT 1.3mResult BDT 1
    99.9%+ 0.1% via subsidiaries
  • Manuchar ParaguayPYsubsidiary
    Equity USD 94,947Result -USD 22,331
    99%
  • Manuchar Philippines IncPHsubsidiary
    Equity PHP 140.1mResult PHP 27.7m
    89.84%+ 10.16% via subsidiaries
  • Manuchar Dominicana SADOsubsidiary
    Equity DOP 403.8mResult DOP 64.0m
    83.33%
  • Manuchar Honduras Sa de CvHNsubsidiary
    Equity HNL 2.8mResult -HNL 15.7m
    80.01%
  • Manuchar CanadaCAsubsidiary
    Equity CAD 2.2mResult CAD 270,785
    80%
  • Manuchar El SalvadorSVsubsidiary
    Equity USD 4.9mResult USD 411,611
    80%
  • Manuchar GuatemalaGTsubsidiary
    Equity GTQ 11.6mResult GTQ 2.5m
    80%
  • Manuchar KenyaKEsubsidiary
    Equity KES 307.8mResult KES 63.6m
    80%
  • Manuchar Colombia cia LtdaCOsubsidiary
    Equity USD 30.6mResult USD 5.2m
    75%
  • Manuchar VenezuelaVEsubsidiary
    Equity VEF 1Result VEF 1
    75%
  • Manuchar Chemical TradingEGsubsidiary
    Equity EGP 18.6mResult EGP 1
    70%
  • Proquiel Manuchar SpACLsubsidiary
    Equity USD 14.3mResult USD 5.1m
    70%
  • Manuchar IndonesiaIDsubsidiary
    Equity IDR 93.16bnResult -IDR 9.96bn
    52.74%+ 42.21% via subsidiaries
  • Quimica Industrial Montalvo SAECsubsidiary
    Equity USD 39.9mResult USD 5.9m
    51%
  • Manuchar TrinidadTT
    Equity TTD 14.9mResult TTD 790,847
    80%via subsidiaries
  • Kanoo Manuchar Saudi ArabiaSA
    Equity SAR 38.0mResult SAR 1.6m
    50%
  • Manuchar Ecuador (Mapriplastec)EC
    Equity USD 2.0mResult USD 591,179
    50%+ 50% via subsidiaries
  • Manuchar Logistics BoliviaBO
    Equity -USD 93,187Result -USD 16,180
    50%
  • Manuchar AlgerieDZ
    Equity DZD 108.1mResult -DZD 21.0m
    49%
  • Manuchar Chemical & Steel TradingAE
    Equity -AED 573,412Result -AED 1.3m
    49%
  • Disachim SaFR
    Equity €1.3mResult €1
    25%
  • Manuchar Logistica PeruPE
    Equity -USD 3.5mResult -USD 3.1m
    6.35%
  • Manuchar Logistica do Brasil LtdaBR
    Equity -BRL 3.2mResult -BRL 1.9m
    1%+ 99% via subsidiaries
Holdings through the years 2007 to 2025
Holdings through the years
Name2007200820092010201120122013201420152016201720182019202020212022202320242025
Crystal Ball South AfricaZA 100%
LDI INTERNATIONAL 98.46%100%
Manuchar AndinaES 100%
Manuchar Comércio Exterior LtdaBR 80%100%
Manuchar Cote d'IvoireCI 100%
Manuchar Europe 100%
Manuchar HellasGR 90%100%
Manuchar Hong Kong LTDHK 100%
Manuchar International SA de CVMX 80%96.9%97.89%95%100%
Manuchar Kimya Sanayi (Turkey)TR 100%
Manuchar Malaysia SDN. BHD.MY 100%
Manuchar NamibiaZA 100%
Manuchar PakistanPK 100%
Manuchar Peru (Cusa)PE 50%49.99%100%
Manuchar RomaniaRO 100%
Manuchar South-AfricaZA 100%50%100%
Manuchar Thailand LTDTH 99.99%100%
Manuchar Trading HouseNG 99.97%99.99%100%
UNIT ONE 50%99%100%
Manuchar Argentina Sociedad AnonimaAR 90%95%99.12%99.8%99.99%
Manuchar IndiaIN 1%99.9%100%99.95%
Manuchar BangladeshBD 49.9%99.9%
Manuchar ParaguayPY 99%
Manuchar Philippines IncPH 90%89.84%
Manuchar Dominicana SADO 33.33%33.07%66.67%68.33%84.73%83.33%
Manuchar Honduras Sa de CvHN 70%80%80.01%
Manuchar CanadaCA 80%
Manuchar El SalvadorSV 80%
Manuchar GuatemalaGT 80%
Manuchar KenyaKE 100%80%
Manuchar TrinidadTT 1%80%via 80%
Manuchar Colombia cia LtdaCO 50%75%
Manuchar VenezuelaVE 99.92%100%75%
Manuchar Chemical TradingEG 70%
Proquiel Manuchar SpACL 70%
Manuchar IndonesiaID 90%52.79%52.74%
Quimica Industrial Montalvo SAEC 50%51%
Kanoo Manuchar Saudi ArabiaSA 50%
Manuchar Ecuador (Mapriplastec)EC 99.99%50%
Manuchar Logistics BoliviaBO 50%
Manuchar AlgerieDZ 70%100%49%
Manuchar Chemical & Steel TradingAE 100%49%
Disachim SaFR 25%
Manuchar Logistica PeruPE 6.35%
Manuchar Logistica do Brasil LtdaBR 100%1%
Manuchar IncUS 100%
Manuchar ChiliCL 99.99%
Manuchar Agro PeruPE 99.9%
Saturn Capital Corp S.A.C.PE 37.64%68.84%68.8%96.88%
Parana Servicios LogisticsAR 95.81%
EXPAN CHEMICALS 66%
Rossiya Belgium Manuchar ChemicalsRU 100%
Manuchar Chemicals Materials StorehouseAE 100%
BAUBUR 99.98%
PARTS TRADING COMPANY 99.96%
MANUCHAR STEEL 99.9%
Fédèle André BoisFR 100%
Somin MineraMX 50%
Manuchar Zuid-AfrikaZA 100%
Manuchar AustraliaAU 100%
Manuchar Middle East FzeAE 100%
Fertilizantes Santa CatarinaBR 75%
Manuchar GhanaGH 100%
Quimica Aliadas SRLBO 50%
Manuchar KazakhstanKZ 100%
Manuchar Ukraine LTDUA 100%
LinsumatPE 50%
Pt Jasa Iron MiningID 50%
Manuchar Comércio Exterior LtdaBR 80%

Source: list of holdings in its own accounts

Acquisitions and mergers

5 transactions
Took over:EXPAN CHEMICALS
BE 0827.561.141fusie · Gazette deed of 10-09-2025 (4 deeds)
Contributed a branch of activity to:MANUCHAR EUROPE
BE 0793.709.923proposal · Gazette deed of 29-02-2024 (2 deeds)
BE 0799.443.514partial demerger · Gazette deed of 11-07-2023 (4 deeds)
BE 0799.443.316partial demerger · Gazette deed of 11-07-2023 (5 deeds)
Split off to:Manuchar Wood
BE 0799.443.118partial demerger · Gazette deed of 11-07-2023 (5 deeds) · effective 31-05-2023

Connections & network

6 connected companies
Depth
Bogart Beauty Retail, 2 shared directors BBBogart BeautyRetailACTIVIOR, Shared corporate director AACTIVIORFlamengo investments, Shared corporate director FIFlamengoinvestmentsManuchar International Trade Services, Shared corporate director MIManucharInternational…Manuchar Pulp & Paper, Shared corporate director MPManuchar Pulp& PaperMANUCHAR STEEL, Shared corporate director MSMANUCHAR STEELAGIDENS INTERNATIONAL, Shared director AIAGIDENSINTERNATIONALAlfa Park, Shared director APAlfa ParkALURAL BELGIUM, Shared director ABALURAL BELGIUMApril Beauty Belgium, Shared director ABApril BeautyBelgiumAvH Growth Capital, Shared director AGAvH GrowthCapitalBAARBEEK IMMO, Shared director BIBAARBEEK IMMOBANK J.VAN BREDA & C°, Shared director BJBANK J.VANBREDA & C°Belgian Finance Center, Shared director BFBelgianFinance CenterManuchar Manuchar0407.045.751
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ACTIVIOR
via MATTHIAS DE RAEYMAEKER · Director · deed of 23-12-2022
Founded in 2015 · total assets €851,446 (2025) · negative equity
→
MANUCHAR STEEL
via MATTHIAS DE RAEYMAEKER · Director · deed of 14-04-2025
Founded in 2004 · turnover €761.2m (2025) · group Manuchar International Trade Services
→
Manuchar International Trade Services
via Guto, MATTHIAS DE RAEYMAEKER and Hucar · Director · deed of 31-03-2025
Founded in 2023 · 30 FTE (2025)
→
Bogart Beauty Retail
via MATTHIAS DE RAEYMAEKER and Matthias De Raeymaeker (no longer at Bogart Beauty Retail) · deeds of 07-02-2019 and 15-02-2016
Founded in 2007 · 34 FTE (2025)
→
Show 2 more companies with a shared director
Manuchar Pulp & Paper
via Guto, MATTHIAS DE RAEYMAEKER and Hucar · Director · deed of 31-03-2025
Founded in 2023 · 16 FTE (2025) · group Manuchar International Trade Services
→
Flamengo investments
via Hucar · Director · deed of 31-08-2026
Founded in 2022 · total assets €22.1m (2025)
→

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