Manuvel
BankruptcyThe KBO register records for Manuvel the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €5k and a net result of €-6k.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency9▼-7
Growth32▼-20
Stability0
Credit verdict
No credit on open account
Liquidity short (current ratio 0.69 against 0.82 in 2023), and 93.6% of the assets are financed with debt.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
25 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 55.0%
2023 · €11k
2019: €10k
2020: €8k
2021: €13k
2022: €16k
2023: €11k
2019 → 2024
Total assets
€78k▼ 4.0%
2023 · €81k
2019: €97k
2020: €91k
2021: €88k
2022: €89k
2023: €81k
2019 → 2024
Net result
€-6k▼ 15.0%
2023 · €-5k
2019: €-5k
2020: €-2k
2021: €5k
2022: €4k
2023: €-5k
2019 → 2024
Working capital
€-16k▼ 113%
2023 · €-8k
2019: €-1k
2020: €-5k
2021: €-7k
2022: €47
2023: €-8k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€13k▲ 54.4%€16k▲ 25.0%€11k▼ 32.4%€5k▼ 55.0%
Operating result€598-€8k▲ 1,206%€7k▼ 6.9%€-661€-2k▼ 149%
Net result€-2k-€5k€4k▼ 19.5%€-5k€-6k▼ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €661 in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78k
Fixed assets
€41k▼ 9.5%
Current assets
€37k▲ 2.9%
Equity and liabilities €78k
Equity
€5k▼ 55.0%
Debt
€73k▲ 4.1%
The debt ratio rises from 86.3% to 93.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€3k▼
2023 · €4k
Cash flow
€-2k▼
2023 · €-819
Solvency
6.4%▼
2023 · 13.7%
Current ratio
0.69▼
2023 · 0.82
Quick ratio
0.44▼
2023 · 0.53
Debt / equity
14.59▲
2023 · 6.31
ROE
-122.4%▼
2023 · -47.8%
ROA
-7.8%▼
2023 · -6.5%
Interest coverage
0.61▼
2023 · 0.85
Debt
€73k▲
2023 · €70k
Debt ≤ 1 year
€53k▲
2023 · €43k
Debt > 1 year
€19k▼
2023 · €26k
Income taxes
€140▲
2023 · €123
Staff costs
€67▲
2023 · €51
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€81k€78k▼
Fixed assets21/28€45k€41k▼
Tangible fixed assets22/27€43k€38k▼
Land and buildings22€31k€29k▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€9€0▼
Financial fixed assets28€3k€3k=
Current assets29/58€36k€37k▲
Stocks and contracts in progress3€13k€14k▲
Stocks30/36€13k€14k▲
Amounts receivable within one year40/41€11k€8k▼
Trade receivables40€6k€5k▼
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€10k€14k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€81k€78k▼
Equity10/15€11k€5k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-4k€-10k▼
Amounts payable17/49€70k€73k▲
Amounts payable after more than one year17€26k€19k▼
Financial debts170/4€26k€19k▼
Amounts payable within one year42/48€43k€53k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€3k€39▼
Credit institutions430/8€0€39▲
Other loans439€3k€0▼
Trade debts44€23k€26k▲
Suppliers440/4€23k€26k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€7k€9k▲
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€1k€9k▲
Accrued charges and deferred income492/3€324€394▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€51€67▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€8k€5k▼
Operating profit (loss)9901€-661€-2k▼
Financial income75/76B€5€15▲
Recurring financial income75€5€15▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-5k€-6k▼
Income taxes67/77€123€140▲
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-10k▼
Profit (loss) brought forward from the previous period14P€1k€-4k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
BLYWEERT Tineke
CurrentDirector · since 12-12-2023
VAN HILLE Glenn Victor Maria
CurrentDirector · since 12-12-2023
12-12-2023
BLYWEERT Tineke: Appointed as Director
12-12-2023
VAN HILLE Glenn Victor Maria: Appointed as Director
Location & real-estate footprint
Registered office, Sint-Niklaas · 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.
Stationsstraat 959100 Sint-NiklaasGround area
207 m²
Building footprint
149 m²
Volume, LiDAR
1,014 m³
Parcel 46443E0361/00B002, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Manuvèl
since 20192.284.503.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E0361/00B002 | Flanders | 207 m² | 1 · 149 m² | 13.3 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.
Similar companies · same sector, comparable size
ALTINTAS GROUP
BE 0778.299.789
Gent · Eq €5k
t Hasselt
BE 0652.765.062
Bree · Eq €5k
Guzman
BE 0749.838.704
Kortrijk · Eq €5k
FRITERIE DE LA CITADELLE
BE 0792.208.205
Namur · Eq €5k
MIRAK
BE 1014.604.063
Vilvoorde · Eq €5k
Of 21,631 companies in sector 56112 we hold annual accounts for 9,661. 5,142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47632Retail sale of bicycles
47690Retail sale of other cultural and recreation goods
47715Retail trade
47785Retail trade
47787Retail trade
56301Cafés and bars
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.