MANVEST
ActiveSummary
MANVEST has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358,534 and a net result of €31,986. Equity remains stable across the filed fiscal years (±2% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+76
Solvency94▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 28.95 against 7.24 in 2024; short-term debt: 2.2% and cash: 29.3% of total assets), and 31.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
6.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
8 d early
2023
61 d early
2022
4 d early
2021
48 d early
2020
5 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 January (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€358,534▲ 8.1%
2024 · €331,816
Total assets
€523,130▼ 0.2%
2024 · €524,008
Net result
€31,986
2024 · -€104,478
Working capital
€326,738▲ 12.9%
2024 · €289,469
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,130-€23,590▼ 52.9%€9,773▼ 58.6%-€57,985€44,366
Net result€38,139-€16,684▼ 56.3%€5,223▼ 68.7%-€104,478€31,986
Equity€376,416-€389,770▲ 3.5%€389,679=€331,816▼ 14.8%€358,534▲ 8.1%
Total assets€627,970-€642,464▲ 2.3%€613,222▼ 4.6%€524,008▼ 14.5%€523,130▼ 0.2%
Debt€195,256-€196,515▲ 0.6%€168,144▼ 14.4%€183,408▲ 9.1%€147,197▼ 19.7%
Working capital€376,150-€375,671▼ 0.1%€371,015▼ 1.2%€289,469▼ 22.0%€326,738▲ 12.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €44,366 after a loss of €57,985 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €523,130
Fixed assets
€184,700 ▼ 1.8%
Current assets
€338,430 ▲ 0.8%
Equity and liabilities €523,130
Equity
€358,534 ▲ 8.1%
Provisions
€17,399 ▲ 98.1%
Debt
€147,197 ▼ 19.7%
Debt's share of the balance-sheet total falls from 35.0% to 28.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,663▲
2024 · -€35,714
Cash flow
€53,283▲
2024 · -€82,207
Current ratio
28.95▲
2024 · 7.24
Debt to equity
0.41▼
2024 · 0.55
ROE
8.9%▲
2024 · -31.5%
ROA
6.1%▲
2024 · -19.9%
Interest coverage
7.35▲
2024 · -3.34
Debt ≤ 1 year
€11,692▼
2024 · €46,403
Debt > 1 year
€135,505▼
2024 · €137,005
Income taxes
€564▼
2024 · €36,227
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,749 | €17,072 | €18,830 | €22,271 | €21,297 | ▼ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €70,397 | - | - |
| Other operating charges640/8 | - | €6,108 | €10,108 | €18,854 | €5,297 | ▼ 71.9% |
| Non-recurring operating charges66A | - | - | €3 | - | - | - |
| Gross operating margin9900 | €95,482 | €46,770 | €38,714 | €53,537 | €70,960 | ▲ 32.5% |
| Operating profit (loss)9901 | €50,130 | €23,590 | €9,773 | -€57,985 | €44,366 | ▲ 177% |
| Financial income75/76B | - | - | €54 | €437 | €467 | ▲ 6.9% |
| Recurring financial income75 | €596 | - | €54 | €437 | €467 | ▲ 6.9% |
| Financial charges65/66B | - | €5,501 | €6,700 | €10,703 | €8,937 | ▼ 16.5% |
| Recurring financial charges65 | €4,801 | €5,501 | €6,700 | €10,703 | €8,937 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | €45,925 | €18,089 | €3,127 | -€68,251 | €35,896 | ▲ 153% |
| Transfer from deferred taxes780 | - | €3,449 | €6,094 | - | €6,344 | - |
| Transfer to deferred taxes680 | - | - | - | - | €9,690 | - |
| Income taxes67/77 | - | €4,854 | €3,998 | €36,227 | €564 | ▼ 98.4% |
| Profit (loss) for the period9904 | €38,139 | €16,684 | €5,223 | -€104,478 | €31,986 | ▲ 131% |
| Transfer from tax-exempt reserves789 | - | - | - | €189,432 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €29,070 | - |
| Profit (loss) for the period to be appropriated9905 | €5,864 | €16,684 | €5,223 | €84,954 | €2,916 | ▼ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €627,970 | €642,464 | €613,222 | €524,008 | €523,130 | ▼ 0.2% |
| Fixed assets21/28 | €187,651 | €197,009 | €208,068 | €188,136 | €184,700 | ▼ 1.8% |
| Tangible fixed assets22/27 | €182,073 | €191,431 | €202,490 | €188,136 | €184,700 | ▼ 1.8% |
| Land and buildings22 | - | €66,298 | €60,990 | €56,198 | €51,665 | ▼ 8.1% |
| Furniture and vehicles24 | - | - | - | - | €1,080 | - |
| Other tangible fixed assets26 | - | €125,133 | €141,500 | €131,938 | €131,955 | = |
| Financial fixed assets28 | €5,578 | €5,578 | €5,578 | - | - | - |
| Current assets29/58 | €440,319 | €445,455 | €405,154 | €335,872 | €338,430 | ▲ 0.8% |
| Amounts receivable after more than one year29 | - | €42,827 | €40,827 | €25,037 | - | - |
| Other amounts receivable291 | - | €42,827 | €40,827 | €25,037 | - | - |
| Amounts receivable within one year40/41 | €207,441 | €208,269 | €180,460 | €139,823 | €167,654 | ▲ 19.9% |
| Trade receivables40 | - | €1,357 | €1,357 | €1,357 | €138 | ▼ 89.8% |
| Other amounts receivable41 | - | €206,912 | €179,103 | €138,466 | €167,516 | ▲ 21.0% |
| Current investments50/53 | €36,254 | €36,254 | €36,254 | €17,662 | €17,663 | = |
| Cash at bank and in hand54/58 | €162,997 | €158,105 | €147,613 | €153,350 | €153,113 | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €627,970 | €642,464 | €613,222 | €524,008 | €523,130 | ▼ 0.2% |
| Equity10/15 | €376,416 | €389,770 | €389,679 | €331,816 | €358,534 | ▲ 8.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €200,392 | €197,062 | €191,748 | €48,931 | €72,733 | ▲ 48.6% |
| Non-distributable reserves130/1 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | - | €190,812 | €185,498 | €42,681 | €66,483 | ▲ 55.8% |
| Profit (loss) carried forward14 | €114,051 | €130,735 | €135,958 | €220,912 | €223,828 | ▲ 1.3% |
| Provisions and deferred taxes16 | €56,298 | €56,179 | €55,399 | €8,784 | €17,399 | ▲ 98.1% |
| Deferred taxes168 | - | €56,179 | €55,399 | €8,784 | €17,399 | ▲ 98.1% |
| Amounts payable17/49 | €195,256 | €196,515 | €168,144 | €183,408 | €147,197 | ▼ 19.7% |
| Amounts payable after more than one year17 | €131,087 | €126,731 | €134,005 | €137,005 | €135,505 | ▼ 1.1% |
| Financial debts170/4 | - | €125,881 | €125,000 | €125,000 | €125,000 | = |
| Other amounts payable178/9 | - | €850 | €9,005 | €12,005 | €10,505 | ▼ 12.5% |
| Amounts payable within one year42/48 | €64,169 | €69,784 | €34,139 | €46,403 | €11,692 | ▼ 74.8% |
| Trade debts44 | €5,432 | €11,113 | €6,349 | €1,569 | - | - |
| Suppliers440/4 | - | €11,113 | €6,349 | €1,569 | - | - |
| Taxes, remuneration and social security45 | - | €3,704 | €471 | €32,340 | €564 | ▼ 98.3% |
| Taxes450/3 | - | €3,704 | €471 | €32,340 | €564 | ▼ 98.3% |
| Other amounts payable47/48 | - | €54,967 | €27,319 | €12,494 | €11,128 | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,139 | €16,684 | €5,223 | -€104,478 | €31,986 | ▲ 131% |
| + Depreciation and write-downs630 | €18,749 | €17,072 | €18,830 | €22,271 | €21,297 | ▼ 4.4% |
| Operating cash flow (approximation) | €56,888 | €33,756 | €24,053 | -€82,207 | €53,283 | ▲ 165% |
| Investment in fixed assets (approximation) | - | -€26,430 | -€29,889 | -€2,339 | -€17,861 | ▼ 664% |
| Change in cash | - | -€4,892 | -€10,492 | €5,737 | -€237 | ▼ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
State Gazette act
Resignations & appointments · RestructuringMerger · Custody of records · Dissolution18 facts ▸
State Gazette act
Resignations & appointments · Restructuring
Merger · Custody of records · Dissolution18 facts ▸
- General meeting, 11-06-2026
- Merger, 26-02-2026, acte sous seing privé dressé en commun
- Other statement, unanimité, dispense de lecture et connaissance du projet
- Other statement, documents annuels et dispense d'état comptable intermédiaire, projet non postérieur de plus de six mois à la fin de l'exercice des derniers comptes clôturés
- Other statement, constats préalables et accomplissement des formalités
- Custody of records, archives de la présente société
- Other statement, dispense de rédaction des rapports spéciaux, actionnaires de chacune des sociétés participant à la fusion par absorption
- Dissolution, dissolution sans liquidation, à titre universel de l'intégralité du patrimoine
- Merger, unanimité, valeur comptable au 2025-12-31 à vingt-quatre heures
- Shareholding, actions représentatives du capital social de la société absorbée
- Other statement, unanimité, absence d'attribution d'actions
- Other statement, constats et résolution préalable de l'actionnaire unique, article 7:231
- +6 further facts in this act
20-03
State Gazette act
RestructuringMerger · Accounting effect2 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect2 facts ▸
- Merger
- Accounting effect, 01/01/2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €31,986
Net result €31,986 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 28.95
Current ratio from 7.24 to 28.95; short-term debt falls from €46,403 to €11,692.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€104,478
Net result drops to -€104,478, the lowest in the series; recovery starts the following year.
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Show earlier events
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 20 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 1991
Ground area
1,119 m²
Building footprint
124 m²
Parcel 51048B0387/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MANVEST SA
since 19912.051.749.047
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51048B0387/00S000 | Wallonia | 1,119 m² | 1 · 124 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other statement
Propriété jouissance risques et charges, impôts contributions taxes primes et contributions d'assurances et charges ordinaires et extraordinaires grevant ou sus…
Taxe sur la valeur ajoutée, vient aux droits et obligations de la société absorbée
Généralement quelconques judiciaires ou non tant en demandant qu'en défendant, litiges et actions
Unanimité, tous pouvoirs aux fins de rectifier le cas échéant
6 more provisions on this in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:HOME MAINTENANCE
Identification & contact
Identification
Legal formPublic limited company
Founded16-10-1990
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442302677
Also
9925:BE0442302677
Registered
20-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.