Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MANITOBA - MUYLLE from Tielt, company number BE0431315745, closed financial year 2025 with a result of € -65,765 after tax. For that financial year MANITOBA - MUYLLE recorded a gross margin of € -3,571 and equity of € -58,298. Compared with financial year 2024, the result moved from € -49,405 to € -65,765. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -58,298
▼ € 65,765 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,765
▼ 33 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,394
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -119,798.
Debts at end 2025
€ 540,000
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 361
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,767 | € 27,348 | € 12,393 | € -3,571 | ▼ € 15,964 |
| Profit after taxes | € 18,953 | € -20,574 | € -49,405 | € -65,765 | ▼ € 16,360 |
| Equity | € 262,786 | € 56,872 | € 7,467 | € -58,298 | ▼ € 65,765 |
| Total debts | € 346,604 | € 663,766 | € 753,958 | € 816,774 | ▲ 8% |
| Cash | € 56,822 | € 121,697 | € 13,155 | € 1,394 | ▼ 89% |
| Land & buildings | € 546,357 | € 546,357 | € 546,357 | € 546,357 | |
| Retained profit | € 15,946 | € -4,628 | € -54,033 | € -119,798 | ▼ € 65,765 |
| Dividend | € 384,807 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 430,000 | € 510,000 | € 540,000 | ▲ 6% |
| Balance sheet total | € 609,390 | € 720,638 | € 761,425 | € 758,476 |
Key figures of MANITOBA - MUYLLE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MANITOBA - MUYLLE?
What happened at MANITOBA - MUYLLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MC Bouw BV stepped down as director. NBB
- Fastimmo NV stepped down as director. NBB
- Vlaemynck Invest BV stepped down as director. NBB
- Royal C NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 65,765. Source: NBB ↗
- MC Bouw BV became a director. NBB
- Fastimmo NV became a director. NBB
- Royal C NV became a director. NBB
In short
From € 18,953 profit in 2022 to € 65,765 loss in 2025.
Paid € 6,418 in corporate taxes since 2022.
Best year ever: 2022, with € 18,953 profit.
Paid out € 384,807 in dividends to the owners in total.
A new publication or filing at MANITOBA - MUYLLE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MC BOUW, Vlaemynck Invest, FASTIMMO, ROYAL C comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MANITOBA - MUYLLEThe shares are held by MC BOUW (25%), Vlaemynck Invest (25%), FASTIMMO (25%) and ROYAL C (25%).
Directors
According to the 2025 annual accounts
Director · represented by Frederick Meulebrouck
Also active at: LAMBERT INVEST, WEVELGEM INVEST, EECKHAEGE, ’t Park Tielt Construct, 't Park Tielt
since 2022 · until 2027
Director · represented by Fanny Galle
Also active at: 'T VRIJBOS, Van Hulle Vastgoed, HULLYNCK INVEST, BRAVAN, EECKHAEGE, Boardwalk Invest, ’t Park Tielt Construct, 't Park Tielt
since 2022 · until 2027
Managing director · represented by Karel Vlaemynck
Also active at: West - Buro, CASTRA, P-PROPERTY, MC BOUW, VVM WESTKUST, HULLYNCK INVEST, VVM Master, VVM Westhoek +9 more
since 2022 · until 2027
Director · represented by Bart Coeman
since 2022 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Janstraat 185
8700 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →DE SNEPPE
HULLYNCK
€ 681,856 gross margin · 2025
CASTRA same network
€ 23,369 gross margin · 2025
Spartathlon and more same network
€ 5,668 gross margin · 2025
TIELT CONNECTION
+29 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.315.745
- VAT number
- BE 0431.315.745
- Registered office
- Sint-Janstraat 185, 8700 Tielt
- Names & denominations
- MANITOBA - MUYLLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 1987
- Peppol
- Not registered