Subsidiaries and holdings
- LSF XI Magpie Finco100%
- Manuchar100%
From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MANUCHAR GROUP is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of USD 387.0m and a net result of -USD 46.7m. Its solvency ranks better than 35% of 3,028 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 30-11-2021 Normal situation
- Legal form
- Private limited company
- Registered office
- Rietschoorvelden 20, 2170 Antwerpen
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.325.205.707 2170 Antwerpen, since 30-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
Board
- Philippe HuybrechsChair
- MATTHIAS DE RAEYMAEKERManaging director
- M.D.R. BVManaging director
- GutoDirector · since 01-04-2025 · permanent representative BEERNAERT Sofie
- HucarDirector · since 01-04-2025 · permanent representative PASQUALINI Laurent Armando Franco
- Auditor
- EY Bedrijfsrevisoren
- Holdings
- Shares in 2 companies LSF XI Magpie Finco and Manuchar
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Loss
- USD 46.7m
- ▲ 240%
- Equity
- USD 387.0m
- ▼ 10.8%
- Total assets
- USD 888.3m
- ▲ 8.6%
Standalone figures, without subsidiaries2025 accounts filed 59 days before the deadline
Filed on 02-06-2026PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
neutral
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 02-06-2026, 59 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
59 days early
2024
36 days early
2023
68 days early
2022
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 58 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -USD 46.7m View
- Caution: Result fell in 2025from -USD 13.8m to -USD 46.7m ▼ 240% View
- Caution: Lower net result than 95% of companies in financial servicessector median €104,602 · 3,030 companies -€46.7m View
- Heads a groupcompanies controlled 41 View
- A director leftlatest change 16-06-2026 · 5 in office 1 left View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 02-06-2026
- Consolidated accounts 2025filed on 25-06-2026
- Annual accounts 2024filed on 25-06-2025
- Consolidated accounts 2024filed on 30-07-2025
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 17-08-2026
- Resignations & appointmentsact of 04-06-2026
- Resignations & appointmentsact of 26-11-2025
- Resignations & appointmentsact of 05-08-2025
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MANUCHAR GROUP
- What is the company number of MANUCHAR GROUP?
- The company number of MANUCHAR GROUP is 0777.879.622. The VAT number is the same number with BE in front: BE 0777.879.622.
- Where is MANUCHAR GROUP based?
- The registered office is at Rietschoorvelden 20, 2170 Antwerpen.Company details
- What does MANUCHAR GROUP do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of MANUCHAR GROUP?
- The legal form of MANUCHAR GROUP is Private limited company (BV).
- When was MANUCHAR GROUP founded?
- MANUCHAR GROUP was founded on 30-11-2021.
- Is MANUCHAR GROUP still active?
- Yes, MANUCHAR GROUP is an active enterprise in the KBO register.
- What is the turnover of MANUCHAR GROUP?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is MANUCHAR GROUP profitable?
- In financial year 2025, MANUCHAR GROUP made a loss of USD 46.7m.
- Where can I find the annual accounts of MANUCHAR GROUP?
- MANUCHAR GROUP filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of MANUCHAR GROUP due?
- MANUCHAR GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Companies linked to MANUCHAR GROUP
Comparable companies
These companies have the same main activity as MANUCHAR GROUP: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €736m and €1.1bn, founded between 2020 and 2022.
| Company | Total assets | Turnover |
|---|---|---|
| MANUCHAR GROUP Antwerpen | €888.3m | - |
| Meuse Bidco Liège | €736.3m | €2.2m |
| PBM Finance Brussel | €758.5m | €1.7m |
| TNFO Sint-Genesius-Rode | €1,107.5m | - |
| David Bidco Roeselare | €806.3m | €3.2m |
| Visma Belgium Holding Antwerpen | €749.3m | - |
| Fiberklaar Midco Gent | €885.0m | - |
Next steps
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