Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Manu Projects from Oudenaarde, company number BE0511981737, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year Manu Projects recorded a gross margin of € 15,064 and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 620,233 to € 2.6 million. 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 June 30, 2026.
€ 3.2 million
▲ 109% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▲ € 2 million vs 2024
Profit after tax over the fiscal year.
€ 71,900
▲ 113% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
38 % of the profit went to the shareholders, mostly to IMMO FÉLINE (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 1,576
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.8 million
▲ € 11.8 million vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 18,311
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,626
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 130,117 | € 141,920 | € 68,151 | € 15,064 | ▼ 78% |
| Profit after taxes | € 72,790 | € 51,598 | € 620,233 | € 2,645,028 | ▲ € 2 million |
| Equity | € 835,518 | € 887,116 | € 1,507,349 | € 3,152,377 | ▲ 109% |
| Total debts | € 220,203 | € 333,344 | € 115,615 | € 12,912,749 | ▲ € 12.8 million |
| Cash | € 4,343 | € 16,689 | € 33,820 | € 71,900 | ▲ 113% |
| Land & buildings | € 19,000 | - | - | - | |
| Retained profit | € 829,318 | € 880,916 | € 1,501,149 | € 3,146,177 | ▲ 110% |
| Dividend | € 80,000 | € 0 | € 0 | € 1,000,000 | |
| Bank debt | € 38,522 | € 29,281 | € 29,245 | € 11,848,613 | ▲ € 11.8 million |
| Balance sheet total | € 1,317,128 | € 1,476,534 | € 1,873,510 | € 16,309,940 | ▲ € 14.4 million |
Key figures of Manu Projects, 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 May 2027.
What happened to Manu Projects?
What happened at Manu Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.6 million (▲ € 2 million vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Oudenaarde. KBO
- Emanuel De Meuleneire became a director. NBB
In short
From € 72,790 profit in 2022 to € 2.6 million profit in 2025.
Paid € 88,973 in corporate taxes since 2022.
Best year ever: 2025, with € 2.6 million profit.
Paid out € 1.1 million in dividends to the owners in total.
Management
The stake of IMMO FÉLINE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Manu ProjectsBehind Manu Projects is Emanuel De Meuleneire. The shares are held by IMMO FÉLINE (100%). It owns 100% of Deva - Fyto, 50% of Fyto Service DMT, 30% of Consivia and 26% of Rois Des Cultures itself.
Directors
According to the 2025 annual accounts
Emanuel De Meuleneire
Director
Also active at: IMMO FÉLINE, PHYTOSYSTEM, Consivia, C.DECKERS, Rois des Cultures, Plancha d'or
since 2013
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Industriepark "De Bruwaan" 27b
9700 Oudenaarde
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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0511.981.737
- VAT number
- BE 0511.981.737
- Registered office
- Industriepark "De Bruwaan" 27b, 9700 Oudenaarde
- Names & denominations
- Manu Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2013
- Peppol
- Active · Active since 12 Nov 2025
- Contact
- dmtservice.be
- Activities · NACE
Activiteiten van holdings
Holdings
Markt- en opinieonderzoek
Overige zakelijke dienstverlening, neg