Financials
Financial year 2025
MANEX from Liège, company number BE0896428864, closed financial year 2025 with a result of € 49,878 after tax. For that financial year MANEX recorded revenue of € 2.3 million and equity of € 168,011. Compared with financial year 2024, the result moved from € 98,051 to € 49,878. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 168,011
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,878
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 363,881
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
100 % of the profit went to the shareholders, mostly to TotalEnergies Power & Gas Belgium (100 % of the shares). That is where the money ends up.
People and assets in 2025
23.3
▼ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 24% vs 2024
€ 88,000 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 35,701
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 478,066
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,893,382 | € 2,883,731 | € 2,964,978 | € 2,293,800 | ▼ 23% |
| Profit after taxes | € 190,625 | € 81,303 | € 98,051 | € 49,878 | ▼ 49% |
| Equity | € 159,780 | € 168,082 | € 168,133 | € 168,011 | |
| Total debts | € 804,710 | € 874,793 | € 758,839 | € 607,793 | ▼ 20% |
| Cash | € 224,790 | € 622,549 | € 485,444 | € 363,881 | ▼ 25% |
| Retained profit | € 28,932 | € 37,235 | € 37,286 | € 37,164 | |
| Dividend | € 187,863 | € 73,000 | € 98,000 | € 50,000 | ▼ 49% |
| Balance sheet total | € 964,489 | € 1,042,875 | € 926,972 | € 775,804 | ▼ 16% |
| Employees (FTE) | 35.5 | 28.2 | 28.3 | 23.3 | ▼ 5 |
Key figures of MANEX, 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 MANEX?
What happened at MANEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel GRANDJEAN stepped down as director. NBB
- Olivier GREINER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 49,878 (▼ 49% vs 2024). Source: NBB ↗
- José-Ignacio SANZ SAIZ stepped down as director. NBB
- Olivier GREINER became a director. NBB
- Michel GRANDJEAN became a director. NBB
- José-Ignacio SANZ SAIZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 190,625 profit in 2022 to € 49,878 profit in 2025.
Paid € 259,697 in corporate taxes since 2022.
Best year ever: 2022, with € 190,625 profit.
Paid out € 408,863 in dividends to the owners in total.
A new publication or filing at MANEX? We notify you, reason included.
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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 TotalEnergies Power & Gas Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MANEXThe shares are held by TotalEnergies Power & Gas Belgium (100%).
Directors
According to the 2025 annual accounts
José-Ignacio SANZ SAIZ
Director
since 2023 · until 2025
Michel GRANDJEAN
Director
Also active at: OAKFIN, TotalEnergies Heating Belgium, TotalEnergies Renewables Belgium, TotalEnergies Renewables DG Belgium AssetCo 1, LAMPIRIS-ISOL, LAMPIRIS COOP, LAMPIRIS WIND, RENO.ENERGY VLAANDEREN
since 2025 · until 2030
Olivier GREINER
Director
Also active at: TotalEnergies Heating Belgium, LAMPIRIS-ISOL, TotalEnergies Power & Gas Belgium, LAMPIRIS WIND
since 2025 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Saint-Laurent 54
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →BUREAU D'ETUDES COLON
TotalEnergies Gas & Power Western Europe
€ 324.2 million revenue · 2025
TotalEnergies Integrated Power ESS Belgium
€ 4.6 million revenue · 2025
TotalEnergies Heating Belgium same network
€ 407,978 revenue · 2025
LAMPIRIS-BV SQUARE
+4 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
- 0896.428.864
- VAT number
- BE 0896.428.864
- Registered office
- Rue Saint-Laurent 54, 4000 Liège
- Names & denominations
- MANEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 March 2008
- Peppol
- Active · Active since 1 Jan 2001
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