Manfra
ActiveManfra has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €24k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+57
Solvency86▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 1.43 in 2023; short-term debt: 31.8% and cash: 2.8% of total assets), and 39.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
1 d early
2022
3 d late
2021
2 d early
2020
27 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€55k▲ 77.2%
2023 · €31k
2018: €-31k
2019: €27k
2020: €27k
2021: €30k
2022: €30k
2023: €31k
2018 → 2024
Total assets
€91k▼ 12.0%
2023 · €104k
2018: €261k
2019: €261k
2020: €167k
2021: €173k
2022: €124k
2023: €104k
2018 → 2024
Net result
€24k▲ 3,152%
2023 · €741
2018: €-34k
2019: €9k
2020: €-45
2021: €3k
2022: €831
2023: €741
2018 → 2024
Working capital
€54k▲ 92.7%
2023 · €28k
2018: €16k
2019: €29k
2020: €40k
2021: €37k
2022: €37k
2023: €28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€30k▲ 9.5%€30k▲ 2.8%€31k▲ 2.4%€55k▲ 77.2%
Operating result€5k-€-20k€2k€4k▲ 74.0%€31k▲ 632%
Net result€-45-€3k€831▼ 67.6%€741▼ 10.8%€24k▲ 3,152%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 632% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91k
Fixed assets
€8k▼ 20.3%
Current assets
€83k▼ 11.1%
Equity and liabilities €91k
Equity
€55k▲ 77.2%
Debt
€36k▼ 50.4%
The debt ratio falls from 69.9% to 39.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2023 · €4k
Cash flow
€26k▲
2023 · €902
Solvency
60.6%▲
2023 · 30.1%
Current ratio
2.86▲
2023 · 1.43
Quick ratio
2.86▲
2023 · 1.43
Debt / equity
0.65▼
2023 · 2.32
ROE
43.6%▲
2023 · 2.4%
ROA
26.4%▲
2023 · 0.7%
Interest coverage
9.10▲
2023 · 2.77
Debt
€36k▼
2023 · €73k
Debt ≤ 1 year
€29k▼
2023 · €65k
Debt > 1 year
€7k=
2023 · €7k
Income taxes
€4k▲
2023 · €2k
Staff costs
€-13▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€104k€91k▼
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€10k€8k▼
Furniture and vehicles24€10k€8k▼
Current assets29/58€93k€83k▼
Amounts receivable within one year40/41€89k€80k▼
Trade receivables40€50k€45k▼
Other amounts receivable41€40k€35k▼
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€104k€91k▼
Equity10/15€31k€55k▲
Contributions10/11€53k€53k=
Reserves13€100€2k▲
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133-€2k
Profit (loss) carried forward14€-22k€0▲
Amounts payable17/49€73k€36k▼
Amounts payable after more than one year17€7k€7k=
Financial debts170/4€7k€7k=
Amounts payable within one year42/48€65k€29k▼
Current portion of amounts payable after more than one year42€19k€19k=
Trade debts44€40k€3k▼
Suppliers440/4€40k€3k▼
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€186€0▼
Income statement
Code20232024
Non-recurring operating income76A€3k€21k▲
Remuneration, social security and pensions62€3k€-13▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€780€0▼
Other operating charges640/8€5k€610▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€13k€41k▲
Operating profit (loss)9901€4k€31k▲
Financial income75/76B€449€987▲
Recurring financial income75€449€987▲
Non-recurring financial income76B€0-
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€3k€28k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€741€24k▲
Profit (loss) for the period to be appropriated9905€741€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€2k▲
Profit (loss) brought forward from the previous period14P€-23k€-22k▲
Transfer to equity691/2-€2k
To other reserves6921-€2k
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
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24k ▲3152%
Operating result €31k, net result €24k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.86
Current ratio from 1.43 to 2.86; short-term debt falls from €65k to €29k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Houthalen-Helchteren · 1 establishment unit since 2013
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.
Koetsstraat 163530 Houthalen-HelchterenGround area
2,033 m²
Building footprint
486 m²
Volume, LiDAR
1,428 m³
Parcel 72015C1020/00A000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Manfra
since 20132.225.833.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C1020/00A000 | Flanders | 2,033 m² | 1 · 485 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
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BE 0755.411.452
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Bussche Arseen en André
BE 0420.050.283
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CIMINO GIANNI INVEST
BE 0753.783.931
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LEXT GROUP
BE 1000.088.014
Sint-Pieters-Leeuw · Eq €55k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-12-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.