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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAN-EXCLUSIEF from Oudenaarde, company number BE0475241897, closed financial year 2025 with a result of € 13,251 after tax. For that financial year MAN-EXCLUSIEF recorded a gross margin of € 25,147 and equity of € -33,651. Compared with financial year 2024, the result moved from € 18,338 to € 13,251. The company is profitable. 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 February 9, 2026.
€ -33,651
▲ € 13,251 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,251
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 7,480
▲ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -133,651.
People and assets in 2025
€ 1,756
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20,284
▼ 36% vs 2024
€ 11,640 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 12,370
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,909
▼ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,414 | € 19,244 | € 30,949 | € 25,147 | ▼ 19% |
| Profit after taxes | € 16,793 | € 5,260 | € 18,338 | € 13,251 | ▼ 28% |
| Equity | € -70,500 | € -65,240 | € -46,902 | € -33,651 | ▲ € 13,251 |
| Total debts | € 168,788 | € 153,453 | € 130,865 | € 111,953 | ▼ 14% |
| Cash | € 6,477 | € 4,602 | € 6,355 | € 7,480 | ▲ 18% |
| Retained profit | € -170,500 | € -165,240 | € -146,902 | € -133,651 | ▲ € 13,251 |
| Bank debt | € 25,000 | € 42,377 | € 31,523 | € 20,284 | ▼ 36% |
| Balance sheet total | € 98,288 | € 88,213 | € 83,962 | € 78,302 | ▼ 7% |
Key figures of MAN-EXCLUSIEF, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MAN-EXCLUSIEF?
What happened at MAN-EXCLUSIEF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,251 (▼ 28% vs 2024). filed late Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,793 profit in 2022 to € 13,251 profit in 2025.
Paid € 430 in corporate taxes since 2022.
Best year ever: 2024, with € 18,338 profit.
Management
Behind MAN-EXCLUSIEF are ANN CALLEBAUT and STEVEN AELVOET.
Directors
According to the 2025 annual accounts
ANN CALLEBAUT
Director
STEVEN AELVOET
Director
Establishments
Establishment units
Physical locations of this company
Prins Leopoldstraat 4
9700 Oudenaarde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.241.897
- VAT number
- BE 0475.241.897
- Registered office
- Prins Leopoldstraat 4, 9700 Oudenaarde
- Names & denominations
- MAN-EXCLUSIEF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 2001
- Peppol
- Active · Active since 20 Nov 2020
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