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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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Manuchar International Trade Services from Antwerpen, company number BE0799443514, closed financial year 2025 with a result of € 2.3 million after tax. For that financial year Manuchar International Trade Services recorded revenue of € 259.6 million and equity of € 12.3 million. Compared with financial year 2024, the result moved from € -7.1 million to € 2.3 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 12.3 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.3 million
▲ still € 7.1 million loss in 2024
Profit after tax over the fiscal year.
€ 8.3 million
▲ 98% 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 € 12.1 million.
People and assets in 2025
29.7
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 17% vs 2024
€ 107,400 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.
€ 7,480
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 49.7 million
▼ 27% vs 2024
Loans from banks and other lenders, long and short.
€ 50 million
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 332,673
▼ 2% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 220,422,011 | € 242,459,379 | € 259,613,533 | ▲ 7% |
| Profit after taxes | € -1,249,695 | € -7,122,397 | € 2,250,003 | ▲ € 9.4 million |
| Equity | € 18,569,901 | € 10,067,168 | € 12,317,171 | ▲ 22% |
| Total debts | € 89,868,480 | € 117,589,368 | € 111,396,201 | ▼ 5% |
| Cash | € 9,134,670 | € 4,217,239 | € 8,330,099 | ▲ 98% |
| Retained profit | € 18,347,346 | € 9,828,322 | € 12,078,325 | ▲ 23% |
| Bank debt | € 64,321,010 | € 68,289,458 | € 49,706,616 | ▼ 27% |
| Balance sheet total | € 108,438,381 | € 127,656,537 | € 123,713,372 | ▼ 3% |
| Employees (FTE) | 17.5 | 28.7 | 29.7 | ▲ 1 |
Key figures of Manuchar International Trade Services, fiscal years 2023 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 Manuchar International Trade Services?
What happened at Manuchar International Trade Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hucar BV stepped down as director. NBB
- Guto BV stepped down as director. NBB
- M.D.R. BV stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Hucar BV became a director. NBB
- Guto BV became a director. NBB
- M.D.R. BV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 1.2 million loss in 2023 to € 2.3 million profit in 2025.
Paid € 5,127 in corporate taxes since 2023.
Best year ever: 2025, with € 2.3 million profit.
Pays suppliers within 73 days on average.
Management
It owns 100% of Manuchar Steel, 100% of Manuchar Pulp & Paper, 100% of Manuchar Inc and 100% of Manuchar International Trade Services South Africa itself.
Directors
According to the 2025 annual accounts
Director · represented by Laurent Pasqualini
Also active at: Manuchar, MANUCHAR GROUP, Flamengo investments, Corvida investments, Manuchar Pulp & Paper
since 2025 · until 2031
Director · represented by Sofie Beernaert
Also active at: Manuchar, MANUCHAR GROUP, Manuchar Pulp & Paper
since 2025 · until 2031
Director · represented by Matthias De Raeymaeker
Also active at: Manuchar, UNIT ONE, LDI INTERNATIONAL, ACTIVIOR, MANUCHAR GROUP, Manuchar Europe, Manuchar Wood, Manuchar Pulp & Paper +1 more
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rietschoorvelden 20
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Manuchar same network
€ 570.5 million revenue · 2025
UNIT ONE same network
€ 90,316 gross margin · 2025
LDI INTERNATIONAL same network
€ 3.1 million gross margin · 2025
MANUCHAR GROUP same network
LSF XI Magpie Finco
€ 9,875 gross margin · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0799.443.514
- VAT number
- BE 0799.443.514
- Registered office
- Rietschoorvelden 20, 2170 Antwerpen
- Names & denominations
- Manuchar International Trade Services · Manuchar ITS · Manuchar Polymers
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 March 2023
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten
Groothandel in andere intermediaire producten, neg
Handelsbemiddeling in de groothandel in andere specifieke goederen