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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
MANATAN from Aalst, company number BE0451996739, closed financial year 2026 with a result of € 67,383 after tax. For that financial year MANATAN recorded a gross margin of € 255,946 and equity of € 21,295. Compared with financial year 2025, the result moved from € 121,785 to € 67,383. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 21,295
▼ 45% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 67,383
▼ 45% vs 2025
Profit after tax over the fiscal year.
€ 25,628
▲ 134% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 85,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
2.5
Average over the fiscal year, from the social balance sheet.
€ 124,825
▼ 3% vs 2025
€ 49,900 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.
€ 68,686
▼ 20% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 85,000
▼ 43% vs 2025
Loans from banks and other lenders, long and short.
€ 189,808
▼ 3% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 57,958
▲ 25% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 303,776 | € 227,168 | € 311,214 | € 255,946 | ▼ 18% |
| Profit after taxes | € 154,212 | € 52,642 | € 121,785 | € 67,383 | ▼ 45% |
| Equity | € 24,485 | € 77,127 | € 38,912 | € 21,295 | ▼ 45% |
| Total debts | € 349,380 | € 440,084 | € 408,228 | € 377,848 | ▼ 7% |
| Cash | € 8,358 | € 918 | € 10,941 | € 25,628 | ▲ 134% |
| Land & buildings | € 69,458 | € 135,657 | € 109,894 | € 84,131 | ▼ 23% |
| Retained profit | € 5,885 | € 58,527 | € 20,312 | € 2,695 | ▼ 87% |
| Dividend | € 450,000 | € 0 | € 160,000 | € 85,000 | ▼ 47% |
| Bank debt | € 150,000 | € 168,815 | € 150,000 | € 85,000 | ▼ 43% |
| Balance sheet total | € 373,865 | € 517,211 | € 447,140 | € 399,143 | ▼ 11% |
| Employees (FTE) | 2.6 | 2.6 | 2.5 | 2.5 |
Key figures of MANATAN, 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 MANATAN?
What happened at MANATAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 67,383 (▼ 45% vs 2025). Source: NBB ↗
- Tholus NV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 154,212 profit in 2023 to € 67,383 profit in 2026.
Paid € 46,507 in corporate taxes since 2023.
Best year ever: 2023, with € 154,212 profit.
On average € 102,400 of value added per employee in 2026.
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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 THOLUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MANATANBehind MANATAN is Tholus NV. The shares are held by THOLUS (100%).
Establishments
Establishment units
Physical locations of this company
Kattestraat 49
9300 Aalst
Steenpoort(Kor) 2 box 45
8500 Kortrijk
Active since 16 November 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.996.739
- VAT number
- BE 0451.996.739
- Registered office
- Kattestraat 49, 9300 Aalst
- Names & denominations
- MANATAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 1994
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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