Menuiserie Manu BORCY
ActiveMenuiserie Manu BORCY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €658k and a net result of €95k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+6
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.28 in 2024), and 28.3% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
71.7%
Return on assets
10.3%
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 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
13 d late
2023
on the day
2022
15 d late
2021
14 d late
2020
4 d early
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€95k▲ 28.2%
2024 · €74k
2019: €44k
2020: €19k
2021: €38k
2022: €238k
2023: €92k
2024: €74k
2019 → 2025
Working capital
€429k▲ 28.7%
2024 · €333k
2019: €-98k
2020: €-99k
2021: €-52k
2022: €176k
2023: €265k
2024: €333k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€396k▲ 151%€489k▲ 23.3%€563k▲ 15.1%€658k▲ 16.9%
Operating result€48k-€315k▲ 555%€115k▼ 63.4%€87k▼ 24.5%€119k▲ 37.3%
Net result€38k-€238k▲ 531%€92k▼ 61.2%€74k▼ 19.9%€95k▲ 28.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €917k
Fixed assets
€303k▼ 3.7%
Current assets
€614k▲ 28.1%
Equity and liabilities €917k
Equity
€658k▲ 16.9%
Debt
€260k▲ 12.3%
The debt ratio falls from 29.1% to 28.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€185k▲
2024 · €159k
Cash flow
€160k▲
2024 · €146k
Solvency
71.7%▲
2024 · 70.9%
Current ratio
3.31▲
2024 · 3.28
Quick ratio
2.93▲
2024 · 2.66
Debt / equity
0.40▼
2024 · 0.41
ROE
14.4%▲
2024 · 13.2%
ROA
10.3%▲
2024 · 9.3%
Interest coverage
41.77▲
2024 · 27.07
Debt
€260k▲
2024 · €231k
Debt ≤ 1 year
€186k▲
2024 · €146k
Debt > 1 year
€74k▼
2024 · €85k
Income taxes
€37k▲
2024 · €28k
Staff costs
€249k▼
2024 · €296k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€794k€917k▲
Fixed assets21/28€315k€303k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€314k€303k▼
Land and buildings22€235k€219k▼
Plant, machinery and equipment23€34k€21k▼
Furniture and vehicles24€45k€62k▲
Financial fixed assets28€483€483=
Current assets29/58€479k€614k▲
Stocks and contracts in progress3€90k€71k▼
Stocks30/36€90k€71k▼
Amounts receivable within one year40/41€231k€111k▼
Trade receivables40€127k€53k▼
Other amounts receivable41€104k€58k▼
Cash at bank and in hand54/58€159k€432k▲
Equity and liabilities
Total equity and liabilities10/49€794k€917k▲
Equity10/15€563k€658k▲
Contributions10/11€50k€50k=
Reserves13€513k€608k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€508k€603k▲
Amounts payable17/49€231k€260k▲
Amounts payable after more than one year17€85k€74k▼
Financial debts170/4€85k€74k▼
Amounts payable within one year42/48€146k€186k▲
Current portion of amounts payable after more than one year42€77k€90k▲
Trade debts44€24k€41k▲
Suppliers440/4€24k€41k▲
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€4k€12k▲
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48€34k€38k▲
Income statement
Code20242025
Remuneration, social security and pensions62€296k€249k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€66k▼
Other operating charges640/8€4k€69k▲
Gross operating margin9900€459k€503k▲
Operating profit (loss)9901€87k€119k▲
Financial income75/76B€21k€17k▼
Recurring financial income75€21k€17k▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€102k€132k▲
Income taxes67/77€28k€37k▲
Profit (loss) for the period9904€74k€95k▲
Profit (loss) for the period to be appropriated9905€74k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€95k▲
Transfer to equity691/2€74k€95k▲
To other reserves6921€74k€95k▲
Social balance
Average headcount (FTE)90875.44.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
30-06
Financial
Equity above €500kEq €563k ▲15.1%
6 profitable years in a row build equity to €563k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 15 days late
2022
30-06
Financial
Highest result since 2019net €238k ▲531%
Operating result €315k, net result €238k, both a record.
30-06
Financial
Equity above €200kEq €396k ▲151%
4 profitable years in a row build equity to €396k.
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 14 days late
2021
30-06
Financial
Equity above €150kEq €158k ▲31.3%
3 profitable years in a row build equity to €158k.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €19k ▼56%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Libramont-Chevigny · 1 establishment unit since 2016
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.
Bras-Haut,Rue de Lhommal 266800 Libramont-Chevigny1 establishment unit
Recogne, L'Aliénau 25, 6800 Libramont-Chevigny
since 20162.258.790.203
Recognitions · licences · registrations
Recognised contractor
2 categoriesMenuiserie Manu BORCY SRL39748
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Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 5,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2016
Fiscal year end30-06
Activities, NACEBEL
43320Joinery installation
43343Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.