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 2 of the last 4 fiscal years.
Financials
Financial year 2025
MANUEL from Geraardsbergen, company number BE0635906264, closed financial year 2025 with a result of € 51,481 after tax. For that financial year MANUEL recorded a gross margin of € 198,427 and equity of € -202,663. Compared with financial year 2024, the result moved from € -413,692 to € 51,481. Profitable, and profit is growing. 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 30, 2026.
€ -202,663
▲ € 51,481 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,481
▲ still € 413,692 loss in 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 35% 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 € -601,883.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 11.9 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 4,844
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 199,906 | € 121,966 | € 301,235 | € 198,427 | ▼ 34% |
| Profit after taxes | € -4,821 | € -220,302 | € -413,692 | € 51,481 | ▲ € 465,173 |
| Equity | € 379,850 | € 159,548 | € -254,144 | € -202,663 | ▲ € 51,481 |
| Total debts | € 14,783,359 | € 14,951,508 | € 15,128,964 | € 15,293,652 | ▲ 1% |
| Cash | € 1,775,432 | € 801,287 | € 1,546,147 | € 1,010,652 | ▼ 35% |
| Land & buildings | € 3,157,546 | € 3,921,941 | € 4,187,641 | € 4,092,170 | ▼ 2% |
| Retained profit | € -19,370 | € -239,671 | € -653,363 | € -601,883 | ▲ € 51,481 |
| Bank debt | € 11,300,000 | € 11,587,290 | € 11,756,790 | € 11,926,290 | ▲ 1% |
| Balance sheet total | € 15,174,200 | € 15,121,383 | € 14,884,498 | € 15,100,017 | ▲ 1% |
Key figures of MANUEL, 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 MANUEL?
What happened at MANUEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 51,481. Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
- Hilde Claerhout became a director. NBB
- Jan Steenhoudt became a director. NBB
In short
From € 4,821 loss in 2022 to € 51,481 profit in 2025.
Best year ever: 2025, with € 51,481 profit.
Management
Behind MANUEL are Hilde Claerhout and Jan Steenhoudt. It owns 100% of Flanders Development Group, 100% of Zigurat and 100% of Kortrijk Building Projects itself.
Directors
According to the 2025 annual accounts
since 2015
since 2015
Establishments
Establishment units
Physical locations of this company
Idegemplein(Ide) 19
9506 Geraardsbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0635.906.264
- VAT number
- BE 0635.906.264
- Registered office
- Idegemplein(Ide) 19, 9506 Geraardsbergen
- Names & denominations
- MANUEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2015
- Peppol
- Active · Active since 15 Aug 2026
- Activities · NACE
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