MANH
ActiveMANH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €87k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-1
Solvency69▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.95 in 2024; short-term debt: 27.6% and cash: 9.9% of total assets), and 55.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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
44.4%
Return on assets
23.5%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
18 d late
2023
15 d early
2022
10 d late
2021
26 d late
2020
16 d late
2019
4 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, micro schema
Equity
€164k▲ 4.4%
2024 · €158k
2018: €58k
2019: €160k
2020: €64k
2021: €64k
2022: €64k
2023: €158k
2024: €158k
2018 → 2025
Total assets
€370k▼ 9.0%
2024 · €407k
2018: €312k
2019: €411k
2020: €437k
2021: €450k
2022: €453k
2023: €359k
2024: €407k
2018 → 2025
Net result
€87k▼ 12.9%
2024 · €100k
2018: €22k
2019: €102k
2020: €89k
2021: €87k
2022: €90k
2023: €93k
2024: €100k
2018 → 2025
Working capital
€-24k▼ 297%
2024 · €-6k
2018: €-29k
2019: €73k
2020: €-69k
2021: €-80k
2022: €-12k
2023: €-83
2024: €-6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€64k=€158k▲ 146%€158k=€164k▲ 4.4%
Operating result€116k-€123k▲ 5.6%€133k▲ 8.1%€135k▲ 1.4%€118k▼ 12.2%
Net result€87k-€90k▲ 3.3%€93k▲ 3.6%€100k▲ 7.0%€87k▼ 12.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€292k▲ 3.8%
Current assets
€78k▼ 37.7%
Equity and liabilities €370k
Equity
€164k▲ 4.4%
Debt
€206k▼ 17.4%
The debt ratio falls from 61.3% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€130k▼
2024 · €148k
Cash flow
€99k▼
2024 · €114k
Solvency
44.4%▲
2024 · 38.7%
Current ratio
0.76▼
2024 · 0.95
Quick ratio
0.76▼
2024 · 0.95
Debt / equity
1.25▼
2024 · 1.58
ROE
52.9%▼
2024 · 63.4%
ROA
23.5%▼
2024 · 24.6%
Interest coverage
34.79▲
2024 · 33.30
Debt
€206k▼
2024 · €249k
Debt ≤ 1 year
€102k▼
2024 · €131k
Debt > 1 year
€104k▼
2024 · €118k
Income taxes
€28k▼
2024 · €31k
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€407k€370k▼
Fixed assets21/28€282k€292k▲
Tangible fixed assets22/27€282k€292k▲
Land and buildings22€234k€254k▲
Furniture and vehicles24€35k€30k▼
Other tangible fixed assets26€12k€8k▼
Current assets29/58€125k€78k▼
Amounts receivable within one year40/41€107k€38k▼
Trade receivables40€23k€25k▲
Other amounts receivable41€84k€13k▼
Current investments50/53€0-
Cash at bank and in hand54/58€15k€37k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€407k€370k▼
Equity10/15€158k€164k▲
Contributions10/11€19k€19k=
Reserves13€139k€146k▲
Distributable reserves133€139k€146k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€249k€206k▼
Amounts payable after more than one year17€118k€104k▼
Financial debts170/4€118k€104k▼
Amounts payable within one year42/48€131k€102k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Financial debts43€95€773▲
Credit institutions430/8€95€773▲
Trade debts44€2k€302▼
Suppliers440/4€2k€302▼
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€16k€14k▼
Other amounts payable47/48€100k€73k▼
Accrued charges and deferred income492/3€152€0▼
Income statement
Code20242025
Non-recurring operating income76A€15k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€902€0▼
Gross operating margin9900€151k€132k▼
Operating profit (loss)9901€135k€118k▼
Financial income75/76B€695€59▼
Recurring financial income75€695€59▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€131k€115k▼
Income taxes67/77€31k€28k▼
Profit (loss) for the period9904€100k€87k▼
Profit (loss) for the period to be appropriated9905€100k€87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€87k▼
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
Profit to be distributed694/7€100k€80k▼
Return on contributions (dividend)694€100k€80k▼
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €158k ▲146%
6 profitable years in a row build equity to €158k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €102k ▲357%
Net result €102k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 2.06
Current ratio from 0.51 to 2.06.
31-12
Financial
Equity above €150kEq €160k ▲176%
2 profitable years in a row build equity to €160k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Oudenaarde · 1 establishment unit since 2015
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.
Natendries 459700 OudenaardeGround area
1,214 m²
Building footprint
223 m²
Parcel 45021A2238/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
MANH
since 20152.246.479.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45021A2238/00B000 | Flanders | 1,214 m² | 1 · 223 m² | 0.0 m |
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.
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VISA
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CAMPS CONSULTING
BE 0465.089.561
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SMART SCP
BE 1003.780.348
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SHELLBERRY
BE 0467.126.363
Kraainem · Eq €165k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,728 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.