MANJAAR
ActiveThe computed 12-month bankruptcy probability of MANJAAR is 2.6% (moderate). The 2024 annual accounts show equity of €77k and a net result of €14k. Equity is growing by ~82.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 18942 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-4
Solvency64▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.77 in 2023; short-term debt: 44.6% and cash: 21% of total assets), and 61% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
39%
Return on assets
6.9%
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 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
60 d late
2021
6 d early
2020
61 d late
2019
94 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€77k▲ 21.6%
2023 · €63k
2018: €-10k
2019: €-10k
2020: €12k
2021: €20k
2022: €41k
2023: €63k
2018 → 2024
Total assets
€197k▼ 15.2%
2023 · €233k
2018: €31k
2019: €40k
2020: €39k
2021: €45k
2022: €155k
2023: €233k
2018 → 2024
Net result
€14k▼ 38.5%
2023 · €22k
2018: €-21k
2019: €273
2020: €22k
2021: €10k
2022: €13k
2023: €22k
2018 → 2024
Working capital
€-2k▲ 92.7%
2023 · €-27k
2018: €-13k
2019: €-13k
2020: €13k
2021: €19k
2022: €-4k
2023: €-27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€20k▲ 62.3%€41k▲ 108%€63k▲ 54.3%€77k▲ 21.6%
Operating result€22k-€14k▼ 38.7%€17k▲ 27.9%€42k▲ 143%€29k▼ 31.0%
Net result€22k-€10k▼ 55.0%€13k▲ 32.3%€22k▲ 69.1%€14k▼ 38.5%
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 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €197k
Fixed assets
€111k▼ 22.0%
Current assets
€86k▼ 4.5%
Equity and liabilities €197k
Equity
€77k▲ 21.6%
Debt
€120k▼ 29.0%
The debt ratio falls from 72.8% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▲
2023 · €72k
Cash flow
€57k▲
2023 · €52k
Solvency
39.0%▲
2023 · 27.2%
Current ratio
0.98▲
2023 · 0.77
Quick ratio
0.82▲
2023 · 0.65
Debt / equity
1.56▼
2023 · 2.68
ROE
17.8%▼
2023 · 35.2%
ROA
6.9%▼
2023 · 9.6%
Interest coverage
9.02▲
2023 · 8.57
Debt
€120k▼
2023 · €170k
Debt ≤ 1 year
€88k▼
2023 · €118k
Debt > 1 year
€29k▼
2023 · €52k
Income taxes
€8k▼
2023 · €12k
Staff costs
€115k▲
2023 · €102k
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€233k€197k▼
Fixed assets21/28€143k€111k▼
Tangible fixed assets22/27€143k€111k▼
Plant, machinery and equipment23€102k€85k▼
Furniture and vehicles24€26k€17k▼
Leasing and similar rights25€15k€10k▼
Current assets29/58€90k€86k▼
Stocks and contracts in progress3€14k€14k▲
Stocks30/36€14k€14k▲
Amounts receivable within one year40/41€43k€26k▼
Trade receivables40€16k€16k▼
Other amounts receivable41€27k€10k▼
Cash at bank and in hand54/58€27k€42k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€233k€197k▼
Equity10/15€63k€77k▲
Contributions10/11€19k€19k=
Reserves13€22k€36k▲
Distributable reserves133€22k€36k▲
Profit (loss) carried forward14€22k€22k=
Amounts payable17/49€170k€120k▼
Amounts payable after more than one year17€52k€29k▼
Financial debts170/4€52k€29k▼
Amounts payable within one year42/48€118k€88k▼
Current portion of amounts payable after more than one year42€52k€31k▼
Trade debts44€39k€35k▼
Suppliers440/4€39k€35k▼
Taxes, remuneration and social security45€26k€22k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€14k€14k▼
Other amounts payable47/48€945-
Accrued charges and deferred income492/3€185€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€102k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€43k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€176k€189k▲
Operating profit (loss)9901€42k€29k▼
Financial income75/76B€43€79▲
Recurring financial income75€43€79▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€34k€21k▼
Income taxes67/77€12k€8k▼
Profit (loss) for the period9904€22k€14k▼
Profit (loss) for the period to be appropriated9905€22k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€36k▼
Profit (loss) brought forward from the previous period14P€22k€22k=
Transfer to equity691/2€22k€14k▼
To other reserves6921€22k€14k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €22k ▲69.1%
Operating result €42k, net result €22k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.62
Current ratio from 0.71 to 1.62; short-term debt falls from €45k to €21k.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
31-12
Financial
Back to profitnet €273
Net result €273 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Niklaas · 2 establishment units since 2017
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.
Uilenstraat 549100 Sint-NiklaasGround area
4.2 ha
Building footprint
2.1 ha
Volume, LiDAR
257,975 m³
2 parcels, Flanders · tallest building 31.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MANJAAR
since 20172.265.475.085
MANJAAR
since 20192.299.792.695
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010D0416/00C000 | Flanders | 4.2 ha | 1 · 2.1 ha | 31.0 m · 4 fl. |
| 46017B0164/00F000 | Flanders | 592 m² | 1 · 165 m² | 9.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.265.475.085
Similar companies · same sector, comparable size
MIVIDA
BE 0480.299.656
Antwerpen · Eq €77k
SADAY
BE 0525.796.913
Vilvoorde · Eq €77k
DIRGAR
BE 0478.498.129
Wuustwezel · Eq €77k
DE MANSARDE
BE 0634.858.268
Blankenberge · Eq €77k
TWELVE LOUNGE
BE 0771.604.118
Schelle · Eq €77k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,869 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.