MANAP
ActiveSummary
MANAP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €11k. Equity is growing by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability54▲+10
Solvency49▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.48 in 2023; short-term debt: 9.3% and cash: 14.4% of total assets), but 76.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.7%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
30 d late
2022
25 d late
2021
57 d late
2020
47 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 22.4%
2023 · €49k
2018: €33k
2019: €34k
2020: €42k
2021: €49k
2022: €48k
2023: €49k
2018 → 2024
Total assets
€254k▼ 0.8%
2023 · €256k
2018: €298k
2019: €288k
2020: €290k
2021: €283k
2022: €270k
2023: €256k
2018 → 2024
Net result
€11k▲ 1,133%
2023 · €896
2018: €-989
2019: €12k
2020: €8k
2021: €7k
2022: €-542
2023: €896
2018 → 2024
Working capital
€35k▲ 18.6%
2023 · €29k
2018: €9k
2019: €13k
2020: €24k
2021: €32k
2022: €28k
2023: €29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€49k▲ 15.9%€48k▼ 1.1%€49k▲ 1.9%€60k▲ 22.4%
Operating result€19k-€15k▼ 20.5%€8k▼ 50.5%€10k▲ 34.3%€28k▲ 174%
Net result€8k-€7k▼ 17.3%€-542€896€11k▲ 1,133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 174% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €254k
Fixed assets
€196k ▼ 5.6%
Current assets
€58k ▲ 19.5%
Equity and liabilities €254k
Equity
€60k ▲ 22.4%
Debt
€194k ▼ 6.3%
Debt's share of the balance-sheet total falls from 80.8% to 76.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2023 · €23k
Cash flow
€24k▲
2023 · €14k
Current ratio
2.46▼
2023 · 2.48
Debt to equity
3.21▼
2023 · 4.20
ROE
18.3%▲
2023 · 1.8%
ROA
4.3%▲
2023 · 0.3%
Interest coverage
3.63▲
2023 · 2.94
Debt ≤ 1 year
€24k▲
2023 · €20k
Debt > 1 year
€168k▼
2023 · €179k
Income taxes
€7k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€256k€254k▼
Fixed assets21/28€208k€196k▼
Tangible fixed assets22/27€208k€196k▼
Land and buildings22€205k€193k▼
Plant, machinery and equipment23€3k€3k▲
Current assets29/58€49k€58k▲
Amounts receivable within one year40/41€16k€22k▲
Other amounts receivable41€16k€22k▲
Cash at bank and in hand54/58€33k€37k▲
Equity and liabilities
Total equity and liabilities10/49€256k€254k▼
Equity10/15€49k€60k▲
Contributions10/11€19k€19k=
Reserves13€31k€42k▲
Distributable reserves133€31k€42k▲
Amounts payable17/49€207k€194k▼
Amounts payable after more than one year17€179k€168k▼
Financial debts170/4€179k€168k▼
Amounts payable within one year42/48€20k€24k▲
Current portion of amounts payable after more than one year42€14k€12k▼
Taxes, remuneration and social security45€6k€12k▲
Taxes450/3€6k€12k▲
Accrued charges and deferred income492/3€9k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€26k€44k▲
Operating profit (loss)9901€10k€28k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Non-recurring financial charges66B-€170
Profit (loss) for the period before taxes9903€4k€18k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€896€11k▲
Profit (loss) for the period to be appropriated9905€896€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€11k▼
Profit (loss) brought forward from the previous period14P€13k-
Transfer to equity691/2€14k€11k▼
To other reserves6921€14k€11k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €896
Net result €896 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2011
01-03
State Gazette act
General meeting · Approval
Director resignation · Permanent representative
2008
27-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2008
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.
Strijdhoflaan 412600 AntwerpenGround area
2,625 m²
Building footprint
2,378 m²
Volume, LiDAR
24,816 m³
2 parcels, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MANAP
since 20082.173.793.358
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1307/00K007 | Flanders | 2,390 m² | 1 · 2,290 m² | 17.4 m · 4 fl. |
| 11303C0222/00Y002 | Flanders | 235 m² | 1 · 88 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2008
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.