MANUSERVICE
ActiveSummary
MANUSERVICE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €637k and a net result of €45k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 1544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-4
Solvency64▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.81 against 3.39 in 2024; short-term debt: 9.7% and cash: 2.1% of total assets), and 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
38.5%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
on the day
2022
30 d late
2021
30 d late
2020
31 d late
2019
90 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, micro schema
Equity
€637k▲ 1.6%
2024 · €627k
2018: €113k
2019: €153k
2020: €299k
2021: €387k
2022: €440k
2023: €539k
2024: €627k
2018 → 2025
Total assets
€1.65M▲ 6.0%
2024 · €1.56M
2018: €1.58M
2019: €1.56M
2020: €1.62M
2021: €1.60M
2022: €1.56M
2023: €1.55M
2024: €1.56M
2018 → 2025
Net result
€45k▼ 48.5%
2024 · €87k
2018: €9k
2019: €40k
2020: €146k
2021: €87k
2022: €53k
2023: €100k
2024: €87k
2018 → 2025
Working capital
€-31k
2024 · €383k
2018: €-67k
2019: €-49k
2020: €79k
2021: €171k
2022: €218k
2023: €307k
2024: €383k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€387k-€440k▲ 13.7%€539k▲ 22.7%€627k▲ 16.2%€637k▲ 1.6%
Operating result€156k-€146k▼ 6.8%€154k▲ 6.1%€150k▼ 2.6%€97k▼ 35.6%
Net result€87k-€53k▼ 39.2%€100k▲ 87.8%€87k▼ 12.3%€45k▼ 48.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 36% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.52M ▲ 49.9%
Current assets
€130k ▼ 76.1%
Equity and liabilities €1.65M
Equity
€637k ▲ 1.6%
Debt
€1.02M ▲ 9.0%
Debt's share of the balance-sheet total rises from 59.8% to 61.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€272k▲
2024 · €242k
Cash flow
€220k▲
2024 · €179k
Current ratio
0.81▼
2024 · 3.39
Debt to equity
1.59▲
2024 · 1.49
ROE
7.1%▼
2024 · 14.0%
ROA
2.7%▼
2024 · 5.6%
Interest coverage
13.92▲
2024 · 11.17
Debt ≤ 1 year
€161k▲
2024 · €160k
Debt > 1 year
€855k▲
2024 · €771k
Income taxes
€35k▼
2024 · €44k
Staff costs
€55k▲
2024 · €47k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.65M▲
Fixed assets21/28€1.02M€1.52M▲
Tangible fixed assets22/27€1.02M€1.52M▲
Land and buildings22€788k€1.35M▲
Plant, machinery and equipment23€218k€161k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€543k€130k▼
Amounts receivable within one year40/41€194k€96k▼
Trade receivables40€66k€76k▲
Other amounts receivable41€128k€20k▼
Current investments50/53€200k-
Cash at bank and in hand54/58€149k€34k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.65M▲
Equity10/15€627k€637k▲
Contributions10/11€6k€6k=
Reserves13€454k€459k▲
Distributable reserves133€454k€459k▲
Profit (loss) carried forward14€167k€172k▲
Amounts payable17/49€932k€1.02M▲
Amounts payable after more than one year17€771k€855k▲
Financial debts170/4€771k€855k▲
Amounts payable within one year42/48€160k€161k▲
Current portion of amounts payable after more than one year42€104k€116k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€54k€3k▼
Taxes450/3€50k€2k▼
Remuneration and social security454/9€4k€996▼
Other amounts payable47/48€888€36k▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€175k▲
Other operating charges640/8€11k€11k▼
Gross operating margin9900€300k€337k▲
Operating profit (loss)9901€150k€97k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€22k€20k▼
Recurring financial charges65€22k€20k▼
Profit (loss) for the period before taxes9903€132k€80k▼
Income taxes67/77€44k€35k▼
Profit (loss) for the period9904€87k€45k▼
Profit (loss) for the period to be appropriated9905€87k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€252k€212k▼
Profit (loss) brought forward from the previous period14P€164k€167k▲
Transfer from equity791/2-€35k
Transfer to equity691/2€85k€40k▼
To other reserves6921€85k€40k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €539k ▲22.7%
6 profitable years in a row build equity to €539k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €146k ▲267%
Operating result €202k, net result €146k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.64 to 1.50.
31-12
Financial
Equity above €200kEq €299k ▲95.3%
3 profitable years in a row build equity to €299k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Equity above €150kEq €153k ▲35.1%
2 profitable years in a row build equity to €153k.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Dilbeek · 1 establishment unit since 2018
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.
Robert Dansaertlaan 2301702 DilbeekGround area
2,118 m²
Building footprint
914 m²
Volume, LiDAR
5,399 m³
Parcel 23026B0039/00X019, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Manuservice
since 20182.272.927.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026B0039/00X019 | Flanders | 2,118 m² | 1 · 914 m² | 7.9 m · 2 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.
Similar companies · same sector, comparable size
VDS BAKERY
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SLACHTGROEP LEIELAND
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DE VLAEMINCK IVAN EN ZOON
BE 0838.404.850
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GALIVAART - SERVICES
BE 0420.821.335
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Of 599 companies in sector 10111 we hold annual accounts for 329. 218 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
Founded26-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
10130Manufacture of food products
46110Wholesale trade
46231Wholesale of live animals
46321Wholesale of meat and meat products, excluding game and poultry
47222Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:INFO@MANUPOLIS.BE