ACTIVE

MANEF

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Financial year 2025 · closed on 31/12/2025

Net result

26,5 k €

-4.4% YoY

Gross margin

103,3 k €

+23.3% YoY

Equity

550,2 k €

+5.1% YoY

What does MANEF do?

MANEF is a Public limited company incorporated in 1936. Its main activity is: Treatment and coating of metals; machining. Its registered office is in Charleroi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.897.229

Incorporation

16/05/1936

Legal form

Public limited company

Registered office

Quai de la Darse 14
6030 Charleroi · Wallonie

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Activities (NACE)

25639Treatment and coating of metals; machining· main 25739Manufacture of tools 28620Manufacture of machinery and equipment n.e.c.52740Warehousing and support activities for transportation 95290Repair of other personal and household goods 95290Repair of other personal and household goods

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	103,3 k €	+23.3%	83,8 k €	+29.6%	64,7 k €	-35.8%	100,7 k €	+111%	47,8 k €	-44.8%	86,6 k €	-0.3%	86,9 k €	+35.6%	64,1 k €	-16.5%	76,7 k €	+13.3%	67,7 k €	+68.3%	40,2 k €	-8.8%	44,1 k €	-25.0%	58,8 k €	+140%	24,5 k €	-54.4%	53,7 k €	-14.1%	62,5 k €	-11.6%	70,7 k €	-18.9%	87,1 k €	+7.2%	81,3 k €	+38.7%	58,6 k €
EBITDA	69,7 k €	+17.6%	59,3 k €	+59.6%	37,1 k €	-51.2%	76 k €	+219%	23,8 k €	-61.8%	62,4 k €	-0.3%	62,6 k €	+60.6%	39 k €	-25.8%	52,5 k €	+17.5%	44,7 k €	+137%	18,8 k €	-20.2%	23,6 k €	-33.6%	35,6 k €	+179%	12,7 k €	-67.5%	39,2 k €	-18.4%	48 k €	-13.0%	55,2 k €	-19.9%	68,9 k €	+1.8%	67,7 k €	+50.4%	45 k €
Operating result	38 k €	+43.6%	26,5 k €	+507%	-6,5 k €	-126%	25,5 k €	+226%	-20,3 k €	-148%	42 k €	+179%	15,1 k €	+232%	-11,4 k €	-571%	2,4 k €	+216%	-2,1 k €	+88.7%	-18,5 k €	-47.2%	-12,6 k €	-2125%	-565 €	+97.0%	-19,1 k €	-260%	12 k €	-54.7%	26,4 k €	-20.4%	33,2 k €	-22.6%	42,9 k €	+6.1%	40,4 k €	+74.4%	23,2 k €
Net result	26,5 k €	-4.4%	27,7 k €	+414%	-8,8 k €	-149%	18,1 k €	+176%	-23,8 k €	-162%	38,4 k €	+222%	11,9 k €	+163%	-19 k €	-523%	-3 k €	+62.3%	-8,1 k €	+67.0%	-24,4 k €	-23.7%	-19,8 k €	-157%	-7,7 k €	+71.6%	-27,1 k €	-1812%	1,6 k €	-90.5%	16,6 k €	-28.1%	23,1 k €	-28.3%	32,2 k €	+10.9%	29 k €	+152%	11,5 k €
Balance sheet
Equity	550,2 k €	+5.1%	523,7 k €	+5.6%	496 k €	-1.7%	504,8 k €	+3.7%	486,7 k €	-4.7%	510,4 k €	+8.1%	472,1 k €	+2.6%	460,1 k €	-4.0%	479,1 k €	-0.6%	482,1 k €	-1.6%	490,2 k €	-4.8%	514,6 k €	-3.7%	534,4 k €	-1.4%	542,1 k €	-4.8%	569,2 k €	+0.3%	567,6 k €	+3.0%	551 k €	+4.4%	527,9 k €	+6.5%	495,7 k €	+6.2%	466,7 k €
Total assets	716,9 k €	+16.0%	618 k €	+12.6%	548,8 k €	-12.0%	623,5 k €	+7.8%	578,5 k €	-13.3%	667,3 k €	+9.1%	611,5 k €	-5.4%	646,3 k €	-5.9%	687,2 k €	-7.1%	739,4 k €	+8.7%	680,1 k €	-4.9%	715,5 k €	-3.7%	743,3 k €	+0.8%	737,4 k €	-2.6%	757,2 k €	-5.8%	804,2 k €	-2.8%	827 k €	+0.2%	825,6 k €	+2.3%	807 k €	+0.5%	803,4 k €
Cash	133,5 k €	+290%	34,3 k €	-31.6%	50,1 k €	+55.5%	32,2 k €	+29.4%	24,9 k €	-43.2%	43,9 k €	+163%	16,7 k €	+358%	3,6 k €	+112%	1,7 k €	-94.5%	31,2 k €	+1494%	2 k €	-61.0%	5 k €	-59.5%	12,4 k €	-19.0%	15,3 k €	-58.4%	36,7 k €	-40.9%	62,2 k €	-11.4%	70,1 k €	+306%	17,3 k €	-35.5%	26,8 k €	+13.3%	23,7 k €
Debts	134,1 k €	+42.3%	94,2 k €	+90.5%	49,5 k €	-58.0%	117,6 k €	+47.3%	79,9 k €	-45.9%	147,5 k €	+12.1%	131,6 k €	-27.0%	180,3 k €	-11.8%	204,5 k €	-20.1%	256 k €	+34.8%	189,9 k €	-5.5%	200,8 k €	+7.1%	187,5 k €	-4.0%	195,3 k €	+4.2%	187,5 k €	-20.8%	236,6 k €	-14.3%	276 k €	-6.8%	296 k €	-2.9%	305 k €	-8.5%	333,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,8 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

François-Xavier Dufrasne

Mandate

Active

Ended mandates

Christel REGAERT

Director · since 10 mai 2011

Ended

Denis SOUGNE

Director · since 10 mai 2011

Ended

Emmanuel FEYENS

Managing director · since 10 mai 2011

Ended

Christel REGAERT

Director

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/05/2026	03/09/2025	01/07/2024	30/06/2023	30/06/2022	25/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	21/05/2026	French	PDF
Micro model	31/12/2024	13/05/2025	03/09/2025	French	PDF
Micro model	31/12/2023	14/05/2024	01/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	30/06/2023	French	PDF
Micro model	31/12/2021	30/06/2022	30/06/2022	French	PDF
Micro model	31/12/2020	30/06/2021	25/08/2021	French	PDF
Micro model	31/12/2019	07/09/2020	22/09/2020	French	PDF
Micro model	31/12/2018	30/06/2019	23/08/2019	French	PDF
Micro model	31/12/2017	08/05/2018	23/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	19/08/2016	French	PDF
Abridged model	31/12/2014	05/05/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	06/05/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	07/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	27/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

François-Xavier Dufrasne

Mandate

Active

Ended mandates

Christel REGAERT

Director · since 10 mai 2011

Ended

Denis SOUGNE

Director · since 10 mai 2011

Ended

Emmanuel FEYENS

Managing director · since 10 mai 2011

Ended

Christel REGAERT

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/09/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates22/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2002
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202526,5 k €↓
2024
Annual accounts 202427,7 k €↑
2023
Annual accounts 2023-8,8 k €↓
2022
Annual accounts 202218,1 k €↑
2021
Annual accounts 2021-23,8 k €↓
2020
Annual accounts 202038,4 k €↑
2019
Annual accounts 201911,9 k €↑
2018
Annual accounts 2018-19 k €↓
2017
Annual accounts 2017-3 k €↑
2016
Annual accounts 2016-8,1 k €↑
2015
Annual accounts 2015-24,4 k €↓
2014
Annual accounts 2014-19,8 k €↓
2013
Annual accounts 2013-7,7 k €↑
2012
Annual accounts 2012-27,1 k €↓
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 201016,6 k €↓
2009
Annual accounts 200923,1 k €↓
2008
Annual accounts 200832,2 k €↑
2007
Annual accounts 200729 k €↑
2006
Annual accounts 200611,5 k €
16/05/1936
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MANEF

Overview

What does MANEF do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline