MANSTEVAL
ActiveSummary
The computed 12-month bankruptcy probability of MANSTEVAL is 1.9% (moderate). The 2025 annual accounts show equity of €229k and a net result of €-366. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 2045 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+26
Solvency58=
Growth63=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.47 in 2024; short-term debt: 24.8% and cash: 0.2% of total assets), but 66.5% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-366
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
35 d late
2023
91 d late
2022
25 d late
2021
141 d late
2020
31 d late
2019
56 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€456k▼ 33.7%
2023 · €688k
2018: €192k
2019: €426k
2021: €1.16M
2022: €854k
2023: €688k
2018 → 2024
EBIT margin
-9.9%▼ 17.9pp
2023 · 8.0%
2018: 12.8%
2019: 19.1%
2021: 11.9%
2022: 1.9%
2023: 8.0%
2018 → 2024
Net result
€-366▲ 99.3%
2024 · €-50k
2018: €16k
2019: €58k
2020: €20k
2021: €109k
2022: €7k
2023: €34k
2024: €-50k
2018 → 2025
Working capital
€233k▼ 6.6%
2024 · €250k
2018: €32k
2019: €73k
2020: €99k
2021: €200k
2022: €223k
2023: €322k
2024: €250k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.16M-€854k▼ 26.5%€688k▼ 19.4%€456k▼ 33.7%
Equity€238k-€245k▲ 2.9%€279k▲ 13.8%€229k▼ 17.9%€229k▼ 0.2%
Operating result€139k-€16k▼ 88.5%€55k▲ 244%€-45k€11k
Net result€109k-€7k▼ 93.8%€34k▲ 396%€-50k€-366▲ 99.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €45k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683k
Fixed assets
€280k ▲ 2.0%
Current assets
€403k ▼ 4.0%
Equity and liabilities €683k
Equity
€229k ▼ 0.2%
Debt
€454k ▼ 2.4%
Debt's share of the balance-sheet total falls from 67.0% to 66.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €-22k
Cash flow
€21k▲
2024 · €-27k
Current ratio
2.38▼
2024 · 2.47
Debt to equity
1.99▼
2024 · 2.03
ROE
-0.2%▲
2024 · -21.7%
ROA
-0.1%▲
2024 · -7.2%
Interest coverage
1.77▲
2024 · -1.32
Debt ≤ 1 year
€169k▼
2024 · €170k
Debt > 1 year
€285k▼
2024 · €296k
Income taxes
€5k
Staff costs
€2k▼
2024 · €30k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€694k€683k▼
Fixed assets21/28€275k€280k▲
Tangible fixed assets22/27€264k€270k▲
Land and buildings22€247k€237k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€16k€31k▲
Financial fixed assets28€10k€10k=
Current assets29/58€420k€403k▼
Amounts receivable within one year40/41€415k€401k▼
Trade receivables40€13k€28k▲
Other amounts receivable41€402k€373k▼
Cash at bank and in hand54/58€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€694k€683k▼
Equity10/15€229k€229k▼
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€191k€191k▼
Amounts payable17/49€465k€454k▼
Amounts payable after more than one year17€296k€285k▼
Financial debts170/4€296k€285k▼
Amounts payable within one year42/48€170k€169k▼
Current portion of amounts payable after more than one year42€37k€30k▼
Trade debts44€124k€140k▲
Suppliers440/4€124k€140k▲
Taxes, remuneration and social security45€9k-
Taxes450/3€9k-
Income statement
Code20242025
Turnover70€456k-
Goods, raw materials, services and sundry goods60/61€442k-
Remuneration, social security and pensions62€30k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€14k€38k▲
Operating profit (loss)9901€-45k€11k▲
Financial income75/76B€12k€13k▲
Recurring financial income75€12k€13k▲
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€-50k€5k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-50k€-366▲
Profit (loss) for the period to be appropriated9905€-50k€-366▲
Appropriation of the result
Profit (loss) to be appropriated9906€191k€191k▼
Profit (loss) brought forward from the previous period14P€241k€191k▼
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (10 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet €-50k ▼248%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 91 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 141 days late
2021
31-12
Financial
Highest result since 2018net €109k ▲443%
Operating result €139k, net result €109k, both a record.
31-12
Financial
Equity above €200kEq €238k ▲84.4%
4 profitable years in a row build equity to €238k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €129k ▲33.2%
3 profitable years in a row build equity to €129k.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
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, Brussel · 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.
Congresstraat 351000 BrusselGround area
120 m²
Building footprint
89 m²
Volume, LiDAR
1,408 m³
Parcel 21803C0244/00Y000, Brussels · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MANSTEVAL
since 20152.250.855.504
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0244/00Y000 ProtectedSite or landscapeVrijheidsplein en omliggende gebouwen - Onze-Lieve-Vrouw-ter-Sneeuwwijk |
Brussels | 120 m² | 1 · 88 m² | 21.9 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 949 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.mansteval-isolation.com
E-mail:manstevalsrl@gmail.com