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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Two loss years in a row NBB
Negative result in 2025 and 2026.
Financials
Financial year 2026
MANAG from Harelbeke, company number BE0441073351, closed financial year 2026 with a result of € -9,326 after tax. For that financial year MANAG recorded a gross margin of € 67,559 and equity of € 541,174. Compared with financial year 2025, the result moved from € -83,584 to € -9,326. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 541,174
▼ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,326
▲ 89 % less loss than in 2025
Profit after tax over the fiscal year.
€ 43,249
▲ 84% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 169,334.
People and assets in 2026
€ 97,004
▲ 4% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 15,701
▼ 27% vs 2025
€ 6,105 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,500
Supplier invoices still open on the last day of the fiscal year.
€ 17
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 82,112 | € 242,479 | € 28,644 | € 67,559 | ▲ 136% |
| Profit after taxes | € -44,840 | € 120,059 | € -83,584 | € -9,326 | ▲ € 74,258 |
| Equity | € 514,025 | € 634,084 | € 550,500 | € 541,174 | ▼ 2% |
| Total debts | € 80,147 | € 65,495 | € 50,378 | € 91,594 | ▲ 82% |
| Cash | € 4,016 | € 135,720 | € 23,538 | € 43,249 | ▲ 84% |
| Land & buildings | € 491,837 | € 428,882 | € 375,948 | € 339,427 | ▼ 10% |
| Retained profit | € 142,184 | € 262,244 | € 178,660 | € 169,334 | ▼ 5% |
| Bank debt | € 69,472 | € 58,595 | € 21,582 | € 15,701 | ▼ 27% |
| Balance sheet total | € 594,171 | € 699,579 | € 600,877 | € 632,768 | ▲ 5% |
Key figures of MANAG, 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 October 2027.
What happened to MANAG?
What happened at MANAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 9,326. Source: NBB ↗
- Livine Noyez became a director. NBB
- Geert Wanzeele became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 44,840 loss in 2023 to € 9,326 loss in 2026.
Paid € 11,770 in corporate taxes since 2023.
Best year ever: 2024, with € 120,059 profit.
Management
Behind MANAG are Geert Wanzeele and Livine Noyez.
Directors
According to the 2026 annual accounts
Geert Wanzeele
Managing director
since 2011
Livine Noyez
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Blauwhuisstraat 23
8531 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.073.351
- VAT number
- BE 0441.073.351
- Registered office
- Blauwhuisstraat 23, 8531 Harelbeke
- Names & denominations
- MANAG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1990
- Peppol
- Active · Active since 12 Nov 2025