MANUFERO

Active

Public limited companyfounded 199234 yrs activeKoningslaan 138, 1190 Vorst, BelgiumKBO/BCE: BE 0446.756.660

Summary

MANUFERO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,978 and a net result of -€8,495. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 40% of 4911 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch Report Compare

MANUFEROActiveChecked score 69/100

Risk analysis Report Compare

Activity

Retail sale of clothing and accessories for women, men, children and babies (general range)

NACE 47716NACE 14110Manufacture of wearing apparel NACE 14240

2 sites

Size

€484,634total assets 2025

Staff: 1 FTE
Equity: €133,978
Loss: -€8,495

Financial health

69 Healthy Checked score 2025

Bankruptcy chance 12 m: 0.7%

Structure

Accounts filed 25 d late0 of 7 deeds read

Why 69- Sector Retail trade (NACE 47)- Latest accounts 25 days late; 1 of the last 3 late- Liquidity: current ratio 3.01+ Founded in 1992Show the evidence

Checked score

Score 2025

69 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Better than 44% of its sector peers (NACE 47, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 53-4

equity 27.6% of total assets

Liquidity 72-9

short-term debt 32.4%

Profitability 33-11

return on assets -1.8%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,156 companies)

Last 24 months 11-2024: 1.1% 12-2024: 1.1%● 0.0% vs 11-2024 01-2025: 1.1%● 0.0% vs 12-2024 02-2025: 1.1%● 0.0% vs 01-2025 03-2025: 1.1%▼ -7.0% vs 02-2025 04-2025: 1.0%▼ -2.4% vs 03-2025 05-2025: 1.0%● 0.0% vs 04-2025 06-2025: 1.0%▼ -2.5% vs 05-2025 07-2025: 1.1%▲ +13.1% vs 06-2025 08-2025: 1.7%▲ +52.6% vs 07-2025highest value 09-2025: 0.9%▼ -48.1% vs 08-2025 10-2025: 0.9%● 0.0% vs 09-2025 11-2025: 0.9%● 0.0% vs 10-2025 12-2025: 0.9%● 0.0% vs 11-2025 01-2026: 0.9%● 0.0% vs 12-2025 02-2026: 0.9%● 0.0% vs 01-2026 03-2026: 0.9%▼ -0.3% vs 02-2026 04-2026: 0.9%▼ -3.6% vs 03-2026 05-2026: 0.9%▲ +0.3% vs 04-2026 06-2026: 0.9%▼ -1.5% vs 05-2026 07-2026: 0.9%▼ -0.2% vs 06-2026 08-2026: 1.6%▲ +89.9% vs 07-2026 09-2026: 0.7%▼ -56.4% vs 08-2026lowest value 10-2026: 0.7%● 0.0% vs 09-2026lowest value

Founded in 1992 lowers the probability for this profile
Sector Retail trade (NACE 47) raises the probability
Latest accounts 25 days late; 1 of the last 3 late raises the probability
Liquidity: current ratio 3.01 raises the probability

Credit up to €9,000 at 30 days acceptable

Liquidity ample (current ratio 3.01 against 3.84 in 2024; short-term debt: 32.4% of total assets), but 72.4% 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 47, micro). Better than this share of them on solvency 43%, liquidity 78%, profitability 26%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Founded in 1992

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Sector Retail trade (NACE 47)

In the bankruptcy model this factor raises the probability.

KBO

Latest accounts 25 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Liquidity: current ratio 3.01

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filings

Deviation from the deadline

2025

25 d late

2024

25 d late

2023

57 d late

2022

32 d late

2021

28 d late

2020

9 d early

2019

65 d early

← 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 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)

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 28 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

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