MANUMAX
ActiveMANUMAX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128k and a net result of €-16k. Equity is growing by ~94.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▼-70
Solvency77▲+39
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.15 in 2023; short-term debt: 48.1% and cash: 40.6% of total assets), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.9%
Return on assets
-6.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
30 d late
2022
25 d early
2021
9 d early
2020
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€128k▼ 10.9%
2023 · €144k
2020: €14k
2021: €32k
2022: €20k
2023: €144k
2020 → 2024
Total assets
€247k▼ 77.5%
2023 · €1.10M
2020: €411k
2021: €152k
2022: €665k
2023: €1.10M
2020 → 2024
Net result
€-16k
2023 · €124k
2020: €-6k
2021: €18k
2022: €-12k
2023: €124k
2020 → 2024
Working capital
€126k▼ 10.7%
2023 · €141k
2020: €14k
2021: €32k
2022: €17k
2023: €141k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€32k▲ 127%€20k▼ 38.7%€144k▲ 631%€128k▼ 10.9%
Operating result€-6k-€21k€-6k€202k€-8k
Net result€-6k-€18k€-12k€124k€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €202k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €247k
Fixed assets
€2k▼ 27.3%
Current assets
€245k▼ 77.6%
Equity and liabilities €247k
Equity
€128k▼ 10.9%
Debt
€119k▼ 87.5%
The debt ratio falls from 86.9% to 48.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2023 · €202k
Cash flow
€-15k▼
2023 · €125k
Solvency
51.9%▲
2023 · 13.1%
Current ratio
2.06▲
2023 · 1.15
Quick ratio
0.91▼
2023 · 1.01
Debt / equity
0.93▼
2023 · 6.62
ROE
-12.3%▼
2023 · 86.3%
ROA
-6.4%▼
2023 · 11.3%
Interest coverage
-0.83▼
2023 · 5.75
Debt
€119k▼
2023 · €951k
Debt ≤ 1 year
€119k▼
2023 · €951k
Income taxes
€0▼
2023 · €44k
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€1.10M€247k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€1.09M€245k▼
Stocks and contracts in progress3€131k€138k▲
Stocks30/36€131k€138k▲
Amounts receivable within one year40/41€19k€7k▼
Trade receivables40€13k€1k▼
Other amounts receivable41€6k€6k▲
Cash at bank and in hand54/58€944k€100k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€247k▼
Equity10/15€144k€128k▼
Contributions10/11€20k€20k=
Reserves13€100k€100k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€24k€8k▼
Amounts payable17/49€951k€119k▼
Amounts payable within one year42/48€951k€119k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€93k€0▼
Suppliers440/4€93k€0▼
Taxes, remuneration and social security45€288k€0▼
Taxes450/3€288k€0▼
Other amounts payable47/48€570k€119k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612€612=
Gross operating margin9900€202k€-7k▼
Operating profit (loss)9901€202k€-8k▼
Financial income75/76B€1k€232▼
Recurring financial income75€1k€232▼
Financial charges65/66B€35k€8k▼
Recurring financial charges65€35k€8k▼
Profit (loss) for the period before taxes9903€168k€-16k▼
Income taxes67/77€44k€0▼
Profit (loss) for the period9904€124k€-16k▼
Profit (loss) for the period to be appropriated9905€124k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€8k▼
Profit (loss) brought forward from the previous period14P€-328€24k▲
Transfer to equity691/2€100k€0▼
To other reserves6921€100k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼113%
Net result drops to €-16k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €124k
Net result €124k after one loss-making year.
31-12
Financial
Equity above €100kEq €144k ▲631%
Equity rises from €20k to €144k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Comines-Warneton · 1 establishment unit since 2019
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.
D'Halluinweg(NW) 367784 Comines-WarnetonGround area
2,284 m²
Building footprint
224 m²
Volume, LiDAR
1,402 m³
Parcel 54001B0471/00X000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANUMAX
since 20192.290.785.751
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54001B0471/00X000 | Wallonia | 2,284 m² | 1 · 224 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 5,341 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.