Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
71 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Manhattan office from Sint-Joost-ten-Node, company number BE0887312151, closed financial year 2025 with a result of € -29 million after tax. For that financial year Manhattan office recorded a gross margin of € 9.6 million and equity of € -126.2 million. Compared with financial year 2024, the result moved from € -30 million to € -29 million. The company made a loss. 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 31, 2026.
€ -126.2 million
▼ € 29 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -29 million
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 670,161
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -140.2 million.
People and assets in 2025
€ 7,826
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 298.3 million
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 9.6 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2.5 million
▲ € 2.1 million vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,308,257 | € 6,764,595 | € 7,029,044 | € 9,595,003 | ▲ 37% |
| Profit after taxes | € -20,116,537 | € -27,975,216 | € -29,970,025 | € -28,970,480 | ▲ € 999,545 |
| Equity | € -39,323,427 | € -67,298,485 | € -97,268,510 | € -126,238,990 | ▼ € 29 million |
| Total debts | € 272,469,193 | € 301,721,988 | € 318,335,774 | € 342,179,685 | ▲ 7% |
| Cash | € 2,631,527 | € 5,413,374 | € 1,140,456 | € 670,161 | ▼ 41% |
| Land & buildings | € 206,745,298 | € 200,728,582 | € 193,887,505 | € 187,335,937 | ▼ 3% |
| Retained profit | € -53,306,312 | € -81,281,370 | € -111,251,395 | € -140,221,875 | ▼ € 29 million |
| Bank debt | € 249,444,497 | € 285,931,633 | € 305,746,943 | € 298,325,496 | ▼ 2% |
| Balance sheet total | € 233,145,766 | € 234,423,504 | € 221,067,264 | € 215,940,696 | ▼ 2% |
Key figures of Manhattan office, 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 Manhattan office?
What happened at Manhattan office in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 29 million. Source: NBB ↗
- Benjamin Cooper became a director. NBB
- Kylie Holmes became a director. NBB
- Simon NORRIS became a director. NBB
- Erik MORESCO became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Sint-Joost-ten-Node. KBO
In short
From € 20.1 million loss in 2022 to € 29 million loss 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
Behind Manhattan office are Simon NORRIS, Benjamin Cooper, Kylie Holmes and Erik MORESCO. The same people are also behind Manhattan retail.
Directors
According to the 2025 annual accounts
since 2016
since 2023
since 2023
since 2014
Establishments
Establishment units
Physical locations of this company
Bolwerklaan 21
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 71 companies are registered at this address.
All companies at this address →DEUTSCH-BELGISCH-LUXEMBURGISCHE HANDELSKAMER - BELGISCH-LUXEMBURGS-DUITSE KAMER VAN KOOPHANDEL - CHAMBRE DE COMMERCE BELGO-LUXEMBOURGEOISE-ALLEMANDE
€ 1.8 million revenue · 2025
MENSURA Service Externe de Prévention et de Protection au travail
€ 128.3 million revenue · 2025
PensioPlus (nederlands)
€ 848,627 gross margin · 2025
GROUPE GM BENELUX
€ 479,759 gross margin · 2025
CWT BELGIUM
€ 7.3 million revenue · 2025
+66 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
- 0887.312.151
- VAT number
- BE 0887.312.151
- Registered office
- Bolwerklaan 21, 1210 Sint-Joost-ten-Node
- Names & denominations
- Manhattan office
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2007
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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