Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.9 to 5.8.
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Figures corrected NBB
Corrected annual account filed for 2026.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
MANEXCO from Nivelles, company number BE0420049986, closed financial year 2026 with a result of € 64,630 after tax. For that financial year MANEXCO recorded a gross margin of € 717,784 and equity of € 567,833. Compared with financial year 2025, the result moved from € -176,420 to € 64,630. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 567,833
▲ 13% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,630
▲ still € 176,420 loss in 2025
Profit after tax over the fiscal year.
€ 277,876
▼ 23% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 317,833.
People and assets in 2026
5.8
▼ 1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 415,857
▼ 17% vs 2025
€ 71,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,807
▼ 7% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 714,907
▲ 24% vs 2025
Loans from banks and other lenders, long and short.
€ 758,189
▼ 8% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 157,003
▲ 58% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 7,423,467 | € 7,481,903 | € 5,977,034 | - | |
| Gross margin | - | - | - | € 717,784 | |
| Profit after taxes | € -415,116 | € -259,447 | € -176,420 | € 64,630 | ▲ € 241,050 |
| Equity | € 939,071 | € 679,624 | € 503,204 | € 567,833 | ▲ 13% |
| Total debts | € 1,895,736 | € 2,548,665 | € 1,514,181 | € 1,646,625 | ▲ 9% |
| Cash | € 72,949 | € 417,457 | € 359,006 | € 277,876 | ▼ 23% |
| Retained profit | € 689,071 | € 429,624 | € 253,204 | € 317,833 | ▲ 26% |
| Bank debt | € 681,141 | € 967,310 | € 575,253 | € 714,907 | ▲ 24% |
| Balance sheet total | € 2,837,320 | € 3,228,289 | € 2,017,384 | € 2,214,459 | ▲ 10% |
| Employees (FTE) | 14.3 | 11.9 | 6.8 | 5.8 | ▼ 1 |
Key figures of MANEXCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to MANEXCO?
What happened at MANEXCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MAVAJ stepped down as director. NBB
- HUB TO YOU stepped down as director. NBB
- Corrected annual accounts filed for financial year 2026. Source: NBB ↗
- MAVAJ became a director. NBB
- HUB TO YOU became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Nivelles. KBO
- New establishment in Brussel. KBO
In short
From € 415,116 loss in 2023 to € 64,630 profit in 2026.
Paid € 7,542 in corporate taxes since 2023.
Best year ever: 2026, with € 64,630 profit.
On average € 123,800 of value added per employee in 2026.
Management
The stake of LARAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MANEXCOThe shares are held by LARAL (100%).
Directors
According to the 2026 annual accounts
Managing director · represented by Arnaud Vanderplancke
Also active at: CHAUSSURES MANIET, LARAL
since 2025 · until 2031
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Thomas Edison 111
1402 Nivelles
Atomiumsquare 1 box 150-151a
1020 Brussel
Active since 30 June 1986
Atomiumsquare 1 box 227-228
1020 Brussel
Active since 30 July 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →CHAUSSURES MANIET same network
€ 58.3 million revenue · 2026
IMMOBILIERE ARPAL
DE BEYNE
€ 303,961 gross margin · 2025
HOME SWEET JOY
€ -6,046 gross margin · 2025
Alli VDP
€ 70,922 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
manexco.com
Registered
2013-12-20
Registrar
OVH sas
Expires
2026-12-20
Website info
Features
Security
Details
- Company number
- 0420.049.986
- VAT number
- BE 0420.049.986
- Registered office
- Avenue Thomas Edison 111, 1402 Nivelles
- Names & denominations
- MANEXCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1979
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- manexco.com
- Activities · NACE
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