MANAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €872k and a net result of €148k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 70% of 5523 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 d early
2024
6 d early
2023
11 d early
2022
6 d early
2021
38 d early
2020
19 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€872k▲ 20.4%
2024 · €725k
2020: €298k
2021: €292k
2022: €485k
2023: €590k
2024: €725k
2020 → 2025
Net result
€148k▲ 3.8%
2024 · €142k
2020: €294k
2021: €-4k
2022: €195k
2023: €108k
2024: €142k
2020 → 2025
Total assets
€1.19M▲ 0.9%
2024 · €1.18M
2020: €1.18M
2021: €1.18M
2022: €1.18M
2023: €1.18M
2024: €1.18M
2020 → 2025
Solvency
73.3%▲ 11.9pp
2024 · 61.4%
2020: 25.2%
2021: 24.7%
2022: 41.1%
2023: 50.0%
2024: 61.4%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€292k-€485k▲ 66.4%€590k▲ 21.7%€725k▲ 22.8%€872k▲ 20.4%
Operating result€2k-€-638€-2k▼ 192%€-9k▼ 365%€-5k▲ 46.9%
Net result€-4k-€195k€108k▼ 44.6%€142k▲ 31.6%€148k▲ 3.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€1.18M=
Current assets
€16k▲ 198%
Equity and liabilities €1.19M
Equity
€872k▲ 20.4%
Debt
€318k▼ 30.1%
The debt ratio falls from 38.6% to 26.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
73.3%▲
2024 · 61.4%
ROE
16.9%▼
2024 · 19.6%
ROA
12.4%▲
2024 · 12.1%
Debt
€318k▼
2024 · €456k
Debt ≤ 1 year
€63k▼
2024 · €85k
Debt > 1 year
€253k▼
2024 · €369k
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€1.18M€1.19M▲
Fixed assets21/28€1.18M€1.18M=
Financial fixed assets28€1.18M€1.18M=
Current assets29/58€5k€16k▲
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€509€0▼
Other amounts receivable41€4k€10k▲
Cash at bank and in hand54/58€131€6k▲
Deferred charges and accrued income490/1€148€0▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.19M▲
Equity10/15€725k€872k▲
Contributions10/11€5k€5k=
Reserves13€720k€867k▲
Distributable reserves133€720k€867k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€456k€318k▼
Amounts payable after more than one year17€369k€253k▼
Financial debts170/4€369k€253k▼
Amounts payable within one year42/48€85k€63k▼
Current portion of amounts payable after more than one year42€65k€55k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€8k€13▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Other operating charges640/8€968€1k▲
Non-recurring operating charges66A€126€19▼
Gross operating margin9900€-8k€-3k▲
Operating profit (loss)9901€-9k€-5k▲
Financial income75/76B€155k€155k▲
Recurring financial income75€155k€155k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€142k€148k▲
Profit (loss) for the period9904€142k€148k▲
Profit (loss) for the period to be appropriated9905€142k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€142k€148k▲
Transfer to equity691/2€134k€148k▲
To other reserves6921€134k€148k▲
Profit to be distributed694/7€8k€0▼
Return on contributions (dividend)694€8k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (9 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €590k ▲21.7%
2 profitable years in a row build equity to €590k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €195k
Net result €195k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-4k ▼102%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB 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, Deinze · 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.
Oudenaardsesteenweg 1209800 DeinzeGround area
4,455 m²
Building footprint
548 m²
Volume, LiDAR
3,056 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANAR
since 20192.294.729.988
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B1131/00A000 | Flanders | 2,901 m² | 1 · 386 m² | 9.4 m · 2 fl. |
| 37001C0825/02F000 | Flanders | 1,554 m² | 1 · 162 m² | 10.4 m · 2 fl. |
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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 12,998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
66290Activities auxiliary to financial services and insurance activities
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
77400Rental and leasing activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.