MNFS Management
ActiveSummary
MNFS Management has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,546 and a net result of €6,519. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-35
Solvency35▼-5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.8 in 2024; short-term debt: 27.3% and cash: 15.1% of total assets), and 89.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
10.3%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 32629 sector peers (2025).
NBB · sector comparisonPosition among 32629 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
95 d early
2024
59 d early
2023
154 d early
2022
98 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 102 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 April (3 of the last 4 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,546▼ 37.5%
2024 · €31,265
Total assets
€190,483▼ 10.2%
2024 · €212,182
Net result
€6,519▼ 47.3%
2024 · €12,360
Working capital
-€21,693▼ 136%
2024 · -€9,190
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at 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 70, Activities of head offices; management consultancy activities, 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
Line2022202320242025
Operating result-€3,615-€33,362€27,186▼ 18.5%€36,125▲ 32.9%
Net result-€3,661below the sector's middle half-€21,866within the sector's middle half€12,360within the sector's middle half▼ 43.5%€6,519within the sector's middle half▼ 47.3%
Equity-€2,161below the sector's middle half-€18,905below the sector's middle half€31,265within the sector's middle half▲ 65.4%€19,546below the sector's middle half▼ 37.5%
Total assets€126,036within the sector's middle half-€139,770within the sector's middle half▲ 10.9%€212,182within the sector's middle half▲ 51.8%€190,483within the sector's middle half▼ 10.2%
Debt€128,197-€120,865▼ 5.7%€164,290▲ 35.9%€146,944▼ 10.6%
Working capital-€29,219below the sector's middle half--€25,607below the sector's middle half▲ 12.4%-€9,190below the sector's middle half▲ 64.1%-€21,693below the sector's middle half▼ 136%
Solvency-1.7%below the sector's middle half-13.5%below the sector's middle half▲ 15.2pp14.7%below the sector's middle half▲ 1.2pp10.3%below the sector's middle half▼ 4.5pp
Current ratio0.13below the sector's middle half-0.33below the sector's middle half▲ 0.210.80below the sector's middle half▲ 0.470.58below the sector's middle half▼ 0.22
Return on assets (ROA)-2.9%below the sector's middle half-15.6%within the sector's middle half▲ 18.5pp5.8%within the sector's middle half▼ 9.8pp3.4%within the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190,483
Fixed assets
€160,116 ▼ 8.2%
Current assets
€30,367 ▼ 19.6%
Equity and liabilities €190,483
Equity
€19,546 ▼ 37.5%
Provisions
€23,993 ▲ 44.3%
Debt
€146,944 ▼ 10.6%
Debt's share of the balance-sheet total falls from 77.4% to 77.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50,426▲
2024 · €35,239
Cash flow
€20,820▲
2024 · €20,413
Debt to equity
7.52▲
2024 · 5.25
ROE
33.3%▼
2024 · 39.5%
Interest coverage
2.11▼
2024 · 7.65
Debt ≤ 1 year
€52,060▲
2024 · €46,955
Debt > 1 year
€94,853▼
2024 · €117,335
Income taxes
€6,002▼
2024 · €10,233
Staff costs
€1,589▼
2024 · €1,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,582 | €1,631 | €1,589 | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86 | €2,395 | €8,052 | €14,301 | ▲ 77.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €16,627 | €7,366 | ▼ 55.7% |
| Other operating charges640/8 | €484 | €1,628 | €2,990 | €2,230 | ▼ 25.4% |
| Gross operating margin9900 | -€3,045 | €38,968 | €56,487 | €61,612 | ▲ 9.1% |
| Operating profit (loss)9901 | -€3,615 | €33,362 | €27,186 | €36,125 | ▲ 32.9% |
| Financial income75/76B | - | €16 | €11 | €276 | ▲ 2,495% |
| Recurring financial income75 | - | €16 | €11 | €276 | ▲ 2,495% |
| Financial charges65/66B | €46 | €3,883 | €4,604 | €23,881 | ▲ 419% |
| Recurring financial charges65 | €46 | €3,883 | €4,604 | €23,881 | ▲ 419% |
| Profit (loss) for the period before taxes9903 | -€3,661 | €29,495 | €22,593 | €12,520 | ▼ 44.6% |
| Income taxes67/77 | - | €7,629 | €10,233 | €6,002 | ▼ 41.3% |
| Profit (loss) for the period9904 | -€3,661 | €21,866 | €12,360 | €6,519 | ▼ 47.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,661 | €21,866 | €12,360 | €6,519 | ▼ 47.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €126,036 | €139,770 | €212,182 | €190,483 | ▼ 10.2% |
| Fixed assets21/28 | €121,790 | €126,932 | €174,417 | €160,116 | ▼ 8.2% |
| Tangible fixed assets22/27 | €18,890 | €24,032 | €71,517 | €57,216 | ▼ 20.0% |
| Furniture and vehicles24 | - | €5,678 | €53,919 | €41,797 | ▼ 22.5% |
| Other tangible fixed assets26 | €18,890 | €18,354 | €17,599 | €15,420 | ▼ 12.4% |
| Financial fixed assets28 | €102,900 | €102,900 | €102,900 | €102,900 | = |
| Current assets29/58 | €4,246 | €12,838 | €37,765 | €30,367 | ▼ 19.6% |
| Amounts receivable within one year40/41 | €675 | €318 | €700 | €212 | ▼ 69.7% |
| Trade receivables40 | - | €318 | €700 | €132 | ▼ 81.1% |
| Other amounts receivable41 | €675 | €0 | - | €80 | - |
| Cash at bank and in hand54/58 | €3,571 | €10,193 | €36,638 | €28,683 | ▼ 21.7% |
| Deferred charges and accrued income490/1 | - | €2,327 | €427 | €1,472 | ▲ 245% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €126,036 | €139,770 | €212,182 | €190,483 | ▼ 10.2% |
| Equity10/15 | -€2,161 | €18,905 | €31,265 | €19,546 | ▼ 37.5% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€3,661 | €17,405 | €29,765 | €18,046 | ▼ 39.4% |
| Provisions and deferred taxes16 | - | - | €16,627 | €23,993 | ▲ 44.3% |
| Provisions for liabilities and charges160/5 | - | - | €16,627 | €23,993 | ▲ 44.3% |
| Other liabilities and charges164/5 | - | - | €16,627 | €23,993 | ▲ 44.3% |
| Amounts payable17/49 | €128,197 | €120,865 | €164,290 | €146,944 | ▼ 10.6% |
| Amounts payable after more than one year17 | €94,731 | €82,421 | €117,335 | €94,853 | ▼ 19.2% |
| Financial debts170/4 | €94,731 | €82,421 | €117,335 | €94,853 | ▼ 19.2% |
| Amounts payable within one year42/48 | €33,466 | €38,444 | €46,955 | €52,060 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €11,925 | €12,310 | €21,547 | €22,481 | ▲ 4.3% |
| Trade debts44 | - | €2,023 | €356 | €268 | ▼ 24.7% |
| Suppliers440/4 | - | €2,023 | €356 | €268 | ▼ 24.7% |
| Taxes, remuneration and social security45 | - | €10,843 | €22,071 | €15,745 | ▼ 28.7% |
| Taxes450/3 | - | €10,843 | €22,071 | €15,665 | ▼ 29.0% |
| Remuneration and social security454/9 | - | - | - | €80 | - |
| Other amounts payable47/48 | €21,541 | €13,267 | €2,981 | €13,565 | ▲ 355% |
| Accrued charges and deferred income492/3 | - | - | - | €31 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,661 | €21,866 | €12,360 | €6,519 | ▼ 47.3% |
| + Depreciation and write-downs630 | €86 | €2,395 | €8,052 | €14,301 | ▲ 77.6% |
| Operating cash flow (approximation) | -€3,575 | €24,261 | €20,413 | €20,820 | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | -€7,537 | -€55,537 | €0 | ▲ 100% |
| Change in cash | - | €6,622 | €26,445 | -€7,955 | ▼ 130% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21,866
Net result €21,866 after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Le Roeulx · 1 establishment unit since 2022
Ground area
425 m²
Building footprint
91 m²
Volume, LiDAR
1,084 m³
Parcel 55035E0102/00H000, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MNFS Management
since 20222.337.599.931
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55035E0102/00H000 | Wallonia | 425 m² | 1 · 91 m² | 13.9 m · 4 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900UZ9X1O43H5DI71
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Company details
Identification
Legal formPrivate limited company
Founded02-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793204533
Registered
24-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.