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MANUMAX

Active
Private limited companyfounded 2019active for 7 yearsD'Halluinweg(NW) 36, 7784 Comines-Warneton, BelgiumKBO/BCE: BE 0728.708.243
Summary

MANUMAX has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,108 and a net result of -€6,906. Equity has been growing by about 29% per year since 2020. Its solvency ranks better than 82% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 20-06-2019 Normal situation
Activity
Development of residential building projects NACE 68121and 1 other
Establishment unit
2.290.785.751 7784 Comines-Warneton, since 20-06-2019
Financial year end
31 December
Peppol
Reachable since 15-05-2025

Board and ownership

Board
  • Cappuccino Koksijde BVDirector · since 20-06-2019
  • Maxime Dewitte BVDirector · since 20-06-2019

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€3,449
▲ 50.3%
Loss
€6,906
▼ 56.1%
Equity
€121,108
▼ 5.4%
Total assets
€162,693
▼ 34.1%
Turnover not published (micro format)
Score breakdownraises riskLoss of €6,906, the second in a row (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 3.89, cash €24,009, halvedEquity €121,108 (74.4% of total assets)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency 99+22
equity 74.4% of total assets
Liquidity 59-17
short-term debt 25.6% · cash 14.8%
Profitability 13+2
return on assets -4.2%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.1 percentage points vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.89 (2.06 in 2024), above the usual 1.5. Short-term debt is 25.6% and cash 14.8% of total assets. 25.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 81% of them on solvency, 70% on liquidity, 16% on profitability and 33% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 3.89, cash €24,009, halved
NBB · annual accounts
lowers risk · Equity €121,108 (74.4% of total assets)
NBB · annual accounts
raises risk · Loss of €6,906, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€6,906
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
39 days early
2024
29 days early
2023
30 days late
2022
25 days early
2021
9 days early
2020
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 13 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 82% of companies in real estatesector median 29.0% · 17,145 companies 74.4% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€6,906 View

Recent changes

  1. · Gazette deed Incorporation
All 11 events

Comparable companies

These companies have the same main activity as MANUMAX: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €143,000 and €205,000, founded between 2019 and 2020.

CompanyTotal assetsGross margin
MANUMAX Comines-Warneton€162,693-€3,449
I2M Mons€205,083-€40,835
RUZETTE BRUGGE Koekelberg€162,178-€13,103
MGS INVEST Zaventem€172,474-€2,804
A - R PROJECTS Knokke-Heist€154,977-€17,676
Festoo projects Bonheiden€143,334-€25,635
MG WORKKING Tessenderlo-Ham€191,435-€66,804
Full comparison

Key facts about MANUMAX

What is the company number of MANUMAX?
The company number of MANUMAX is 0728.708.243. The VAT number is the same number with BE in front: BE 0728.708.243.
Where is MANUMAX based?
The registered office is at D'Halluinweg(NW) 36, 7784 Comines-Warneton.Company details
What does MANUMAX do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of MANUMAX?
The legal form of MANUMAX is Private limited company (BV).
When was MANUMAX founded?
MANUMAX was founded on 20-06-2019.
Is MANUMAX still active?
Yes, MANUMAX is an active enterprise in the KBO register.
What is the turnover of MANUMAX?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is MANUMAX profitable?
In financial year 2025, MANUMAX made a loss of €6,906.
Where can I find the annual accounts of MANUMAX?
MANUMAX filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MANUMAX due?
MANUMAX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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