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 36 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 6.6 to 5.6.
Financials
Financial year 2025
Manmade from Heist-op-den-Berg, company number BE0879949356, closed financial year 2025 with a result of € 157,681 after tax. For that financial year Manmade recorded a gross margin of € 468,995 and equity of € 477,597. Compared with financial year 2024, the result moved from € 106,837 to € 157,681. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 477,597
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 157,681
▲ 48% vs 2024
Profit after tax over the fiscal year.
€ 131,307
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
44 % of the profit went to the shareholders, mostly to Proxima Volta (100 % of the shares). That is where the money ends up.
People and assets in 2025
5.6
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 252,428
▲ 26% vs 2024
€ 45,100 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.
€ 34,413
▲ € 29,875 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 116,697
▼ 16% vs 2024
€ 33,332 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 152,380
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 117,764
▲ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 291,349 | € 373,710 | € 446,401 | € 468,995 | ▲ 5% |
| Profit after taxes | € 52,518 | € 116,036 | € 106,837 | € 157,681 | ▲ 48% |
| Equity | € 337,043 | € 363,079 | € 389,915 | € 477,597 | ▲ 22% |
| Total debts | € 801,484 | € 866,833 | € 696,207 | € 649,886 | ▼ 7% |
| Cash | € 203,137 | € 287,724 | € 190,784 | € 131,307 | ▼ 31% |
| Retained profit | € 275,043 | € 301,079 | € 327,915 | € 415,597 | ▲ 27% |
| Dividend | € 0 | € 90,000 | € 80,000 | € 70,000 | ▼ 12% |
| Bank debt | € 367,590 | € 298,430 | € 139,464 | € 116,697 | ▼ 16% |
| Balance sheet total | € 1,138,527 | € 1,229,911 | € 1,138,412 | € 1,127,482 | ▼ 1% |
| Employees (FTE) | 5.6 | 6.6 | 5.7 | 5.6 | ▼ 0.1 |
Key figures of Manmade, 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 Manmade?
What happened at Manmade in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 157,681 (▲ 48% vs 2024). Source: NBB ↗
- New establishment in Heist-op-den-Berg. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,518 profit in 2022 to € 157,681 profit in 2025.
Paid € 94,941 in corporate taxes since 2022.
Best year ever: 2025, with € 157,681 profit.
On average € 83,700 of value added per employee in 2025.
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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 Proxima Volta comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ManmadeBehind Manmade is PROXIMA VOLTA BV. The shares are held by Proxima Volta (99.8%).
Directors
According to the 2025 annual accounts
Director · represented by Geert Aerts
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 121A
2220 Heist-op-den-Berg
Mechelsesteenweg 121 box A
2220 Heist-op-den-Berg
Active since 10 April 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Website info
Features
Security
Details
- Company number
- 0879.949.356
- VAT number
- BE 0879.949.356
- Registered office
- Mechelsesteenweg 121A, 2220 Heist-op-den-Berg
- Names & denominations
- Manmade
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2006
- Peppol
- Active · Active since 9 Sept 2024
- Contact
- man-made.be
- Activities · NACE
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