MANUL
ActiveThe computed 12-month bankruptcy probability of MANUL is 1.6% (moderate). The 2024 annual accounts show equity of €134k and a net result of €16k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 9984 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+22
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 5.36 against 5.93 in 2023), and 18.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-10-2025, 73 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 filingsDeviation from the deadline
2025
not confirmed
2024
73 d late
2023
53 d late
2022
58 d late
2021
66 d late
2020
67 d late
2019
171 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€263k▼ 19.6%
2018 · €327k
2018: €327k
2018 → 2019
EBIT margin
10.2%▲ 24.1pp
2018 · -13.9%
2018: -13.9%
2018 → 2019
Net result
€16k▲ 79.6%
2023 · €9k
2018: €-46k
2019: €27k
2020: €-57k
2021: €97k
2022: €-21k
2023: €9k
2018 → 2024
Working capital
€132k▲ 13.1%
2023 · €117k
2018: €62k
2019: €86k
2020: €86k
2021: €128k
2022: €108k
2023: €117k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89k-€130k▲ 44.8%€109k▼ 16.0%€118k▲ 8.2%€134k▲ 13.7%
Operating result€-57k-€98k€-21k€9k€18k▲ 98.9%
Net result€-57k-€97k€-21k€9k€16k▲ 79.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 99% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164k
Fixed assets
€2k▲ 93.2%
Current assets
€163k▲ 15.6%
Equity and liabilities €164k
Equity
€134k▲ 13.7%
Debt
€30k▲ 27.9%
The debt ratio rises from 16.8% to 18.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€19k▲
2023 · €10k
Cash flow
€17k▲
2023 · €10k
Solvency
81.5%▼
2023 · 83.2%
Current ratio
5.36▼
2023 · 5.93
Quick ratio
5.36▼
2023 · 5.93
Debt / equity
0.23▲
2023 · 0.20
ROE
12.0%▲
2023 · 7.6%
ROA
9.8%▲
2023 · 6.3%
Interest coverage
169.95▲
2023 · 51.55
Debt
€30k▲
2023 · €24k
Debt ≤ 1 year
€30k▲
2023 · €24k
Income taxes
€2k
Staff costs
€747▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€141k€164k▲
Fixed assets21/28€821€2k▲
Tangible fixed assets22/27€821€2k▲
Furniture and vehicles24€821€2k▲
Current assets29/58€141k€163k▲
Amounts receivable within one year40/41€137k€162k▲
Trade receivables40€88k€122k▲
Other amounts receivable41€49k€40k▼
Cash at bank and in hand54/58€4k€180▼
Equity and liabilities
Total equity and liabilities10/49€141k€164k▲
Equity10/15€118k€134k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€96k€112k▲
Amounts payable17/49€24k€30k▲
Amounts payable within one year42/48€24k€30k▲
Financial debts43€6k€6k=
Credit institutions430/8€6k€6k=
Trade debts44€17k€14k▼
Suppliers440/4€17k€14k▼
Taxes, remuneration and social security45€544€4k▲
Taxes450/3€518€3k▲
Remuneration and social security454/9€26€964▲
Other amounts payable47/48-€7k
Income statement
Code20232024
Remuneration, social security and pensions62€10k€747▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€512▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€21k€22k▲
Operating profit (loss)9901€9k€18k▲
Financial charges65/66B€192€110▼
Recurring financial charges65€192€110▼
Profit (loss) for the period before taxes9903€9k€18k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€112k▲
Profit (loss) brought forward from the previous period14P€87k€96k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 73 days late
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Back to profitnet €97k
Net result €97k after one loss-making year.
31-12
Financial
Equity above €100kEq €130k ▲44.8%
Equity rises from €89k to €130k.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 171 days late
2020
31-12
Financial
Weakest financial yearnet €-57k ▼313%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 647 days late
2019
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Koekelberg · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Herkoliersstraat 851081 KoekelbergGround area
82 m²
Building footprint
66 m²
Volume, LiDAR
530 m³
Parcel 21492B0053/00Y000, Brussels · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MANUL GENERAL CONSTRUCT
since 20142.227.236.301
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0053/00Y000indicative | Brussels | 82 m² | 1 · 66 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Van Miegem & Zn
BE 0447.175.047
Merelbeke-Melle · Eq €134k
Weyn Algemene Bouwonderneming
BE 0669.718.979
Hamme (Vl.) · Eq €134k
CRISALY
BE 0841.548.541
Sint-Jans-Molenbeek · Eq €134k
WAREGEM COTTAGE PARK
BE 0479.171.288
Hasselt · Eq €134k
TD Bouw
BE 0725.658.285
Olen · Eq €134k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 12,687 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.