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Manufacture

Active
Private limited companyfounded 20251 yr activeSteilvoordehof(HEU) 2, 9070 Destelbergen, BelgiumKBO/BCE: BE 1019.549.083
Summary

Manufacture has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,211 and a net result of €15,211. Its solvency ranks better than 20% of 3831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Other specialised design activities
NACE 74140
1 site
Size
€186,731total assets 2025
Equity
€18,211
Profit
€15,211
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Accounts filed 48 d late0 of 1 deed read
Why 67- Latest accounts 48 days late; 1 of the last 3 late- Founded in 2025+ Sector Other professional, scientific and technical activities (NACE 74)+ Size: total assets €186,731Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 27% of its sector peers (NACE 74, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency 35
equity 9.8% of total assets
Liquidity 11
short-term debt 89.8% · cash 8.5%
Profitability 79
return on assets 8.1%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,346 companies)
Last 24 months 03-2026: 0.5%lowest value 04-2026: 0.6%▲ +2.0% vs 03-2026 05-2026: 0.6%● 0.0% vs 04-2026 06-2026: 0.6%▲ +8.5% vs 05-2026 07-2026: 0.7%▲ +12.1% vs 06-2026 08-2026: 0.7%● 0.0% vs 07-2026 09-2026: 0.7%▲ +10.2% vs 08-2026 10-2026: 0.8%▲ +0.8% vs 09-2026highest value
  • Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
  • Latest accounts 48 days late; 1 of the last 3 late raises the probability
  • Founded in 2025 raises the probability for this profile
  • Size: total assets €186,731 lowers the probability for this profile
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.43; short-term debt: 89.8% and cash: 8.5% of total assets), and 90.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, micro). Better than this share of them on solvency 21%, liquidity 8%, profitability 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Other professional, scientific and technical activities (NACE 74)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Latest accounts 48 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2025
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Size: total assets €186,731
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3831 sector peers (2025).
NBB · sector comparison
Position among 3831 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
48 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Caution: Among the weakest 20% on solvencysector median 50.2% · 3,831 companies 9.8% View
  • Total assets 2025first fiscal year filed €186,731 View
  • Active since 2025founded 03-02-2025 1 years View

By topic

Financials

Fiscal year
2025
Total assets
€186,731
Profit
€15,211
Solvency
9.8%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised design activitiesNACE 74140
Founded
03-02-2025
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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