Active BE 0880.149.096Besloten Vennootschap van publiek recht

MANU COLLARD

Avenue de la Vecquée(ML) 265 ·5020 Namur, Belgium· 20 yrs active

Sector: Installation of electric heating, air conditioning, cooling and ventilation (43222)

Conclusion Checked

For the legal form of MANU COLLARD, Checked does not compute a bankruptcy probability. The 2024 annual accounts show equity of €166k and a net result of €928. Its solvency ranks better than 95% of 36382 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€166k
Net result	€928
Better than sector	95%
Active	20 yrs

Financial profile 5 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 91

Profitability 3

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

For this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2006, 20 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

91 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€15k

estimate, not credit advice

Score history

55 2023

91 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 25.59 (≥ 1.5) +10

Quick ratio Quick ratio 25.59 (≥ 1.0) +5

Leverage Debt/equity 0.04 (< 1.0) +10

Profitability ROE 1% +3

Interest coverage Interest coverage 43.1× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	96.5%	46.6%	better than 95% of 36382 sector peers
Net result	€928	€9k	better than 28% of 36350 sector peers
Equity	€166k	€58k	better than 80% of 36399 sector peers
Gross operating margin	€14k	€38k	better than 26% of 36319 sector peers
Total assets	€172k	€140k	better than 57% of 36385 sector peers

EBITDA

€11k

- 23-24

Net profit

€928

- 23-24

Cash flow

€11k

- 23-24

Total assets

€172k

-30.3% 23-24

Equity

€166k

-24.6% 23-24

Working capital

€146k

-23.0% 23-24

Income taxes

€3k

- 23-24

Debt

€6k

-77.7% 23-24

Debt ≤ 1y

€6k

-77.7% 23-24

Current ratio

25.59

+215.6% 23-24

Quick ratio

25.59

+215.6% 23-24

Solvency

96.5%

+8.3% 23-24

Debt / equity

0.04

-70.5% 23-24

ROE

0.6%

- 23-24

ROA

0.5%

- 23-24

Interest coverage

43.10

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€11k	€-26k
Net profit	€928	€-43k
Cash flow	€11k	€-25k
Staff costs	-	-
Income taxes	€3k	€-1k
Dividends	-	-
Total assets	€172k	€247k
Equity	€166k	€220k
Debt	€6k	€27k
of which ≤ 1y	€6k	€27k
of which > 1y	-	-
Working capital	€146k	€190k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	25.59	8.11
Quick ratio	25.59	8.11
Working capital ratio	84.9%	76.9%
Solvency	96.5%	89.2%
Debt / equity	0.04	0.12
Long-term debt ratio	-	-
Interest coverage	43.10	-287.62
Gross margin	-	-
Net margin	-	-
ROA	0.5%	-17.6%
ROE	0.6%	-19.7%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €20k · 11.6% Current assets €152k · 88.4%

Equity & liabilities

Equity €166k · 96.6% Debt €6k · 3.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€172k	€247k
Fixed assets	21/28	€20k	€30k
Tangible fixed assets	22/27	€20k	€30k
Financial fixed assets	28	€50	€50
Current assets	29/58	€152k	€216k
Amounts receivable within one year	40/41	€5k	€22k
Investments	50/53	€80k	-
Cash & bank	54/58	€67k	€192k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€172k	€247k
Equity	10/15	€166k	€220k
Contributions / capital	10/11	€30k	€85k
Reserves	13	€77k	€77k
Accumulated profits (losses)	14	€59k	€58k
Amounts payable	17/49	€6k	€27k
Amounts payable within one year	42/48	€6k	€27k
Trade debts payable within one year	44	€515	€14k
Income statement
Gross operating margin	9900	€14k	€-25k
Operating result	9901	€1k	€-45k
Financial income	75	€3k	€998
Financial charges	65	€255	€92
Result before taxes	9903	€4k	€-45k
Income taxes	67/77	€3k	€-1k
Net result for the period	9904	€928	€-43k
Result to be appropriated	9905	€928	€-43k

Legal Structure

NACE primary	Installation of electric heating, air conditioning, cooling and ventilation(43222)
Legal form	Besloten Vennootschap van publiek recht(616)
Incorporation	22-03-2006
Status	Active
Postal code	5020

Establishment units 1 location

MANU COLLARD

Avenue de la Vecquée(ML) 265, 5020 NamurNACE 45320

since 20062.152.665.570

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92082C0087/00L000	Wallonia	1,665 m²	1 · 145 m²	8.8 m · 2 fl.

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.

Updates 2 events

All 4Financial 2Filings 2

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €928

Net result €928 after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 25.59

Current ratio from 8.11 to 25.59; short-term debt falls from €27k to €6k.

20-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Installation of electric heating, air conditioning, cooling and ventilation43222Plumbing work43221Insulation installation43230Specialised construction activities4329145332

Names & trade names

Legal nameFR

MANU COLLARD

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