Summary
MANUS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €240,933 and a net result of €220,473. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 9745 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
Equity
€240,933▼ 58.5%
2024 · €580,038
Net result
€220,473▲ 12.0%
2024 · €196,831
Total assets
€771,622▲ 20.3%
2024 · €641,461
Solvency
31.2%▼ 59.2pp
2024 · 90.4%
Trend over the years
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result recovers in 2025; 2025 is 10% above 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€280,777
2025
Net result€220,473
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€771,622
2025
Equity€240,933
2025
Debt€530,690
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€184,496
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)28.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.36
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€114,446-€151,301▲ 32.2%€154,635▲ 2.2%€178,965▲ 15.7%€320,996▲ 79.4%€256,363▼ 20.1%€280,777▲ 9.5%
Net result€87,573-€113,471above the sector's middle half▲ 29.6%€131,563above the sector's middle half▲ 15.9%€137,746above the sector's middle half▲ 4.7%€241,290above the sector's middle half▲ 75.2%€196,831above the sector's middle half▼ 18.4%€220,473above the sector's middle half▲ 12.0%
Equity€242,091-€367,961within the sector's middle half▲ 52.0%€396,524above the sector's middle half▲ 7.8%€424,270above the sector's middle half▲ 7.0%€383,207within the sector's middle half▼ 9.7%€580,038above the sector's middle half▲ 51.4%€240,933within the sector's middle half▼ 58.5%
Total assets€292,411-€418,115within the sector's middle half▲ 43.0%€445,539within the sector's middle half▲ 6.6%€468,242within the sector's middle half▲ 5.1%€832,634within the sector's middle half▲ 77.8%€641,461within the sector's middle half▼ 23.0%€771,622within the sector's middle half▲ 20.3%
Debt€50,320-€50,154▼ 0.3%€49,015▼ 2.3%€43,972▼ 10.3%€449,428▲ 922%€61,424▼ 86.3%€530,690▲ 764%
Working capital€239,101-€364,620above the sector's middle half▲ 52.5%€358,879above the sector's middle half▼ 1.6%€384,318above the sector's middle half▲ 7.1%€314,788above the sector's middle half▼ 18.1%€517,737above the sector's middle half▲ 64.5%€184,496above the sector's middle half▼ 64.4%
Solvency82.8%-88.0%above the sector's middle half▲ 5.2pp89.0%above the sector's middle half▲ 1.0pp90.6%above the sector's middle half▲ 1.6pp46.0%within the sector's middle half▼ 44.6pp90.4%above the sector's middle half▲ 44.4pp31.2%within the sector's middle half▼ 59.2pp
Current ratio9.60-11.56above the sector's middle half▲ 1.9510.23above the sector's middle half▼ 1.3210.77above the sector's middle half▲ 0.541.76within the sector's middle half▼ 9.0115.01above the sector's middle half▲ 13.251.36within the sector's middle half▼ 13.65
Return on assets (ROA)29.9%-27.1%above the sector's middle half▼ 2.8pp29.5%above the sector's middle half▲ 2.4pp29.4%above the sector's middle half▼ 0.1pp29.0%above the sector's middle half▼ 0.4pp30.7%above the sector's middle half▲ 1.7pp28.6%above the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €771,622
Fixed assets
€70,848 ▼ 18.3%
Current assets
€700,775 ▲ 26.3%
Equity and liabilities €771,622
Equity
€240,933 ▼ 58.5%
Debt
€530,690 ▲ 764%
Debt's share of the balance-sheet total rises from 9.6% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
91.5%▲
2024 · 33.9%
Debt ≤ 1 year
€516,278▲
2024 · €36,958
Debt > 1 year
€14,411▼
2024 · €24,466
Income taxes
€69,611▲
2024 · €61,820
Staff costs
€5,785
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,353 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €5,785 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,847 | €6,558 | €6,559 | €6,357 | €16,882 | €16,077 | €15,918 | ▼ 1.0% |
| Other operating charges640/8 | - | - | - | €15,582 | €14,887 | €16,178 | €1,524 | ▼ 90.6% |
| Gross operating margin9900 | €143,646 | €171,699 | €175,215 | €200,904 | €352,765 | €288,618 | €304,005 | ▲ 5.3% |
| Operating profit (loss)9901 | €114,446 | €151,301 | €154,635 | €178,965 | €320,996 | €256,363 | €280,777 | ▲ 9.5% |
| Financial income75/76B | - | - | - | €2,000 | €1,977 | €3,186 | €9,842 | ▲ 209% |
| Recurring financial income75 | €945 | €0 | €18,487 | €2,000 | €1,977 | €3,186 | €9,842 | ▲ 209% |
| Financial charges65/66B | - | - | - | €460 | €970 | €898 | €536 | ▼ 40.3% |
| Recurring financial charges65 | €444 | €540 | €588 | €460 | €970 | €898 | €536 | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €114,948 | €150,762 | €172,534 | €180,506 | €322,003 | €258,651 | €290,084 | ▲ 12.2% |
| Income taxes67/77 | €27,375 | €37,291 | €40,971 | €42,760 | €80,713 | €61,820 | €69,611 | ▲ 12.6% |
| Profit (loss) for the period9904 | €87,573 | €113,471 | €131,563 | €137,746 | €241,290 | €196,831 | €220,473 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €87,573 | €113,471 | €131,563 | €137,746 | €241,290 | €196,831 | €220,473 | ▲ 12.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €292,411 | €418,115 | €445,539 | €468,242 | €832,634 | €641,461 | €771,622 | ▲ 20.3% |
| Fixed assets21/28 | €25,515 | €18,957 | €47,798 | €44,589 | €102,843 | €86,766 | €70,848 | ▼ 18.3% |
| Tangible fixed assets22/27 | €25,515 | €18,957 | €12,398 | €9,189 | €67,443 | €51,366 | €35,448 | ▼ 31.0% |
| Furniture and vehicles24 | - | - | - | €9,189 | €67,443 | €51,366 | €35,448 | ▼ 31.0% |
| Financial fixed assets28 | - | - | €35,400 | €35,400 | €35,400 | €35,400 | €35,400 | = |
| Current assets29/58 | €266,896 | €399,159 | €397,741 | €423,653 | €729,792 | €554,695 | €700,775 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €50,873 | €63,157 | €30,164 | €35,005 | €36,972 | €33,887 | €36,832 | ▲ 8.7% |
| Trade receivables40 | - | - | - | €35,005 | €36,972 | €33,887 | €36,832 | ▲ 8.7% |
| Other amounts receivable41 | - | - | - | €0 | - | - | - | - |
| Current investments50/53 | €96,701 | €96,701 | €97,559 | €98,135 | €113,291 | €266,095 | €338,106 | ▲ 27.1% |
| Cash at bank and in hand54/58 | €119,322 | €239,301 | €270,018 | €290,513 | €579,529 | €254,713 | €325,837 | ▲ 27.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €292,411 | €418,115 | €445,539 | €468,242 | €832,634 | €641,461 | €771,622 | ▲ 20.3% |
| Equity10/15 | €242,091 | €367,961 | €396,524 | €424,270 | €383,207 | €580,038 | €240,933 | ▼ 58.5% |
| Contributions10/11 | €6,200 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €235,891 | €349,361 | €377,924 | €405,670 | €364,607 | €561,438 | €222,333 | ▼ 60.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €403,810 | €362,747 | €559,578 | €220,473 | ▼ 60.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €50,320 | €50,154 | €49,015 | €43,972 | €449,428 | €61,424 | €530,690 | ▲ 764% |
| Amounts payable after more than one year17 | €21,026 | €15,616 | €10,153 | €4,637 | €34,424 | €24,466 | €14,411 | ▼ 41.1% |
| Financial debts170/4 | - | - | - | €4,637 | €34,424 | €24,466 | €14,411 | ▼ 41.1% |
| Amounts payable within one year42/48 | €27,794 | €34,538 | €38,862 | €39,335 | €415,004 | €36,958 | €516,278 | ▲ 1,297% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,516 | €14,499 | €9,958 | €10,055 | ▲ 1.0% |
| Trade debts44 | €3,218 | €4,996 | €5,078 | €3,494 | €3,609 | €3,568 | €3,175 | ▼ 11.0% |
| Suppliers440/4 | - | - | - | €3,494 | €3,609 | €3,568 | €3,175 | ▼ 11.0% |
| Taxes, remuneration and social security45 | - | - | - | €29,202 | €147,319 | €22,749 | €27,291 | ▲ 20.0% |
| Taxes450/3 | - | - | - | €24,718 | €147,319 | €18,266 | €27,291 | ▲ 49.4% |
| Remuneration and social security454/9 | - | - | - | €4,484 | €0 | €4,484 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €1,124 | €249,577 | €683 | €475,757 | ▲ 69,551% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,573 | €113,471 | €131,563 | €137,746 | €241,290 | €196,831 | €220,473 | ▲ 12.0% |
| + Depreciation and write-downs630 | €14,847 | €6,558 | €6,559 | €6,357 | €16,882 | €16,077 | €15,918 | ▼ 1.0% |
| Operating cash flow (approximation) | €102,421 | €120,029 | €138,122 | €144,103 | €258,172 | €212,908 | €236,391 | ▲ 11.0% |
| Investment in fixed assets (approximation) | - | €0 | -€35,400 | -€3,148 | -€75,136 | €0 | €0 | - |
| Change in cash | - | €119,980 | €30,717 | €20,495 | €289,016 | -€324,816 | €71,124 | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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