Equity
MANUS paid out €15,000 in dividends in a year with a loss of €5,014.
MANUS paid out €15,000 in dividends in a year with a loss of €5,014.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €20,048 to €30,272.
The 2022 accounts came latest: 71 days after the end of the period.
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 90, micro). It does better than 46% of them on solvency, 45% on liquidity, 38% on profitability and 16% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 3,440 companies had the same profile as MANUS has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MANUS itself is lower: 0.3% within 12 months. It rests on far more data about MANUS than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for MANUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.92 (2.06 in 2024), below 1. Short-term debt is 37% and cash 17.6% of total assets. 57.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MANUS Herselt | €81,848 | €21,927 | 42.2% | - |
| salut tout le monde Ganshoren | €77,019 | €24,328 | 75.4% | - |
| POSITIVE VISION Brecht | €114,463 | €26,013 | 59.1% | - |
| IMAGIN8ION Geel | €111,106 | €27,119 | 36.9% | - |
| Smile Events Vorselaar Vorselaar | €75,853 | €22,100 | -9.3% | - |
| Triple M Balen | €114,853 | €23,625 | 43.4% | - |
| BRUO Mechelen | €60,338 | €26,700 | 73.7% | - |
These companies have the same main activity as MANUS: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €60,300 and €115,000, founded between 2013 and 2017.
MANUS files the micro format. That format states no turnover. The gross margin rose from €16,905 in 2017 to €21,927 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €61,000 and €260,000.
Higher than 45% of 2,486 companies in 2025.
Higher than 25% of 2,349 companies in 2025.
Higher than 22% of 2,394 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
81,848 | 78,955 | 85,680 | 88,539 | 54,532 | 26,647 | 40,862 | 35,363 | 21,650 | |
21/28 |
53,916 | 37,578 | 42,209 | 42,598 | 41,748 | 12,017 | 14,109 | 8,874 | 5,745 | |
21 |
- | - | 212 | 550 | 888 | - | 389 | 798 | 271 | |
22/27 |
53,916 | 37,578 | 41,997 | 42,048 | 40,860 | 12,017 | 13,720 | 8,076 | 5,474 | |
23 |
3,514 | 4,317 | 6,472 | 9,623 | 6,825 | 10,223 | 11,140 | 6,676 | 2,781 | |
24 |
46,889 | 27,480 | 27,475 | 23,436 | 26,257 | 1,795 | 2,580 | 1,400 | 2,693 | |
26 |
3,513 | 5,782 | 8,050 | 8,989 | 7,777 | - | - | - | - | |
29/58 |
27,932 | 41,377 | 43,471 | 45,942 | 12,784 | 14,629 | 26,754 | 26,488 | 15,905 | |
40/41 |
7,039 | 15,323 | 16,106 | 26,516 | 3,300 | 12,589 | 19,018 | 14,393 | 13,353 | |
40 |
641 | 6,143 | 3,193 | 20,516 | 1,834 | 12,202 | 12,387 | 8,975 | 8,506 | |
41 |
6,397 | 9,180 | 12,913 | 6,000 | 1,467 | 387 | 6,631 | 5,419 | 4,847 | |
54/58 |
14,405 | 24,590 | 21,136 | 18,720 | 7,464 | 1,997 | 1,527 | 11,586 | 1,267 | |
490/1 |
6,489 | 1,464 | 6,230 | 705 | 2,020 | 43 | 6,209 | 509 | 1,284 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
81,848 | 78,955 | 85,680 | 88,539 | 54,532 | 26,647 | 40,862 | 35,363 | 21,650 | |
10/15 |
34,501 | 54,515 | 63,480 | 61,455 | 6,900 | 17,838 | 34,386 | 28,568 | 16,685 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
28,200 | 48,200 | 57,200 | 54,560 | 28,186 | 28,186 | 28,186 | 22,368 | 10,485 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
28,200 | 48,200 | 57,200 | 52,700 | 26,326 | 26,326 | 26,326 | 20,508 | 8,625 | |
14 |
101 | 115 | 80 | 695 | -27,485 | -16,547 | - | - | - | |
17/49 |
47,347 | 24,441 | 22,200 | 27,084 | 47,632 | 8,809 | 6,477 | 6,795 | 4,964 | |
17 |
16,194 | 2,805 | 5,470 | - | - | - | - | - | - | |
170/4 |
16,194 | 2,805 | 5,470 | - | - | - | - | - | - | |
42/48 |
30,272 | 20,048 | 15,412 | 25,926 | 47,632 | 8,809 | 6,477 | 6,795 | 4,964 | |
42 |
7,341 | 2,665 | 2,530 | - | - | - | - | - | - | |
44 |
451 | 15 | 64 | 3,819 | 6,143 | 626 | 138 | 858 | 826 | |
440/4 |
451 | 15 | 64 | 3,819 | 6,143 | 626 | 138 | 858 | 826 | |
46 |
- | - | 792 | 1,421 | - | - | - | - | - | |
45 |
7,450 | 11,161 | 7,341 | 6,795 | 3,088 | 209 | 14 | 551 | - | |
450/3 |
7,450 | 7,611 | 6,841 | 6,795 | 3,088 | 209 | 14 | 551 | - | |
454/9 |
- | 3,550 | 500 | - | - | - | - | - | - | |
47/48 |
15,031 | 6,208 | 4,685 | 13,891 | 38,401 | 7,973 | 6,324 | 5,385 | 4,138 | |
492/3 |
880 | 1,587 | 1,318 | 1,158 | - | - | - | - | - | |
| Income statement | ||||||||||
9900 |
21,927 | 11,983 | 27,346 | 77,533 | 1,556 | -8,743 | 15,921 | 21,536 | 16,905 | |
630 |
22,719 | 18,018 | 16,125 | 14,526 | 8,964 | 5,670 | 5,893 | 4,529 | 2,146 | |
640/8 |
2,519 | 1,991 | 3,106 | 1,252 | 874 | 773 | 512 | 571 | 569 | |
66A |
- | 89 | - | - | 1,145 | - | - | - | - | |
9901 |
-3,311 | -8,115 | 8,115 | 61,755 | -9,427 | -15,186 | 9,516 | 16,436 | 14,190 | |
75/76B |
0 | 15 | 15 | 0 | 14 | 11 | 27 | 0 | 6 | |
75 |
0 | 15 | 15 | 0 | 14 | 11 | 27 | 0 | 6 | |
65/66B |
1,350 | 701 | 5,608 | 3,200 | 1,363 | 1,175 | 1,088 | 153 | 9 | |
65 |
1,350 | 701 | 5,608 | 3,200 | 1,363 | 1,175 | 1,088 | 153 | 9 | |
9903 |
-4,661 | -8,801 | 2,521 | 58,555 | -10,776 | -16,349 | 8,455 | 16,283 | 14,188 | |
67/77 |
353 | 164 | 497 | 4,000 | 162 | 198 | 2,638 | 4,400 | 3,702 | |
9904 |
-5,014 | -8,965 | 2,024 | 54,555 | -10,938 | -16,547 | 5,817 | 11,883 | 10,485 | |
9905 |
-5,014 | -8,965 | 2,024 | 54,555 | -10,938 | -16,547 | 5,817 | 11,883 | 10,485 | |
| Appropriation of the result | ||||||||||
9906 |
-4,899 | -8,885 | 2,720 | 27,070 | -27,485 | -16,547 | 5,817 | 11,883 | 10,485 | |
14P |
115 | 80 | 695 | -27,485 | -16,547 | - | - | - | - | |
791/2 |
20,000 | 9,000 | - | - | - | - | - | - | - | |
691/2 |
- | - | 2,640 | 26,375 | - | - | 5,817 | 11,883 | 10,485 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 2,640 | 26,375 | - | - | 5,817 | 11,883 | 8,625 | |
694/7 |
15,000 | - | - | - | - | - | - | - | - | |
694 |
15,000 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.
2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450244.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00450244 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00502155 | |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00470850 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00480054 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20345584 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27600066 | |
| 31-12-2019 | micro format | 11-09-2020 | 2020-52800189 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-43800484 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-47500120 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 19,408 | 9,903 | 24,240 | 76,281 | -463 | -9,515 | 15,409 | 20,965 | 16,336 | ||
| 17,706 | 9,052 | 18,150 | 69,081 | -1,974 | -10,877 | 11,710 | 16,412 | 12,631 | ||
| 39,057 | 13,476 | 16,778 | 16,116 | 41,679 | 3,579 | 11,127 | 7,659 | 7,891 | ||
| -10,185 | 3,454 | 2,415 | 11,257 | 5,466 | 471 | -10,060 | 10,319 | - | ||
| -2,340 | 21,329 | 28,059 | 20,016 | -34,848 | 5,821 | 20,277 | 19,694 | 10,941 | ||
| 42.2% | 69.0% | 74.1% | 69.4% | 12.7% | 66.9% | 84.2% | 80.8% | 77.1% | ||
| 0.92 | 2.06 | 2.82 | 1.77 | 0.27 | 1.66 | 4.13 | 3.90 | 3.20 | ||
| 1.37 | 0.45 | 0.35 | 0.44 | 6.90 | 0.49 | 0.19 | 0.24 | 0.30 | ||
| -14.5% | -16.4% | 3.2% | 88.8% | -158.5% | -92.8% | 16.9% | 41.6% | 62.8% | ||
| -6.1% | -11.4% | 2.4% | 61.6% | -20.1% | -62.1% | 14.2% | 33.6% | 48.4% | ||
| 14.38 | 14.13 | 4.32 | 23.84 | -0.34 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,057 | €13,476 | €16,778 | €16,116 | €40,664 |
| Intangible fixed assets | - | - | - | - | €1,015 |
| €22,719 | €18,018 | €16,125 | €14,526 | €8,964 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €3,311, smaller than the loss of €8,115 in 2024.
Debt's share of the balance-sheet total rises from 31.0% to 57.8%. Equity is lower and debt is higher.
MANUS has no parent and no holdings in its annual accounts.
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| beHOUdt registered office Oude Steenovenweg 74, 2230 Herselt | 06-02-2017 | 2.261.367.334 |
| In't groene woud Noordervest 13, 3990 Peer 55203 Holiday cottages, homes and apartments | 24-11-2023 | 2.355.364.589 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13034K0314/00Z000 | 1,052 m² | 1 · 165 m² | 9.0 m · 2 |
| 72030A0512/00D000 | 909 m² | 1 · 183 m² | 11.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0670.782.813
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