ACTIVE

MANEXCO

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Financial year 2026 · closed on 31/01/2026
Net result
64,6 k €
+136.6% YoY
Gross margin
717,8 k €
Equity
567,8 k €
+12.8% YoY
Workforce
5,8 ETP
-14.7% YoY

What does MANEXCO do?

MANEXCO is a Public limited company incorporated in 1979. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Nivelles. It employs on average 5,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0420.049.986
Incorporation
29/11/1979
Legal form
Public limited company
Registered office
Avenue Thomas Edison 111
1402 Nivelles · WallonieSee on map
Contributed capital
250 000,00 €
Latest accounts
31/01/2026
Average workforce
5,8 ETP
Activities (NACE)
46425Wholesale of clothing and footwear· main46425Wholesale of clothing and footwear51422Air transport52431Warehousing and support activities for transportation47721Retail sale of footwear and leather goods in specialised stores47721Retail sale of footwear and leather goods in specialised stores+4
Joint committees (5)
  • 128
  • 12802
  • 200
  • 201
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202620252024202320222018201720162015201420132012201120102009200820072006
Income statement
Gross margin717,8 k €–––––––––––––––––
EBITDA278,2 k €-77,7 k €-178,2 k €-374,5 k €-242,1 k €-404,6 k €279,2 k €666,5 k €798,4 k €1,1 M €757,4 k €350,3 k €258,9 k €1,2 M €697,1 k €1,0 M €1,3 M €1,0 M €
Operating result143,4 k €-125,4 k €-188,7 k €-366,0 k €-71,4 k €-652,8 k €-59,9 k €446,5 k €466,4 k €732,0 k €475,5 k €19,3 k €-133,6 k €979,6 k €382,4 k €492,3 k €875,5 k €611,4 k €
Net result64,6 k €-176,4 k €-259,4 k €-415,1 k €-97,8 k €-861,6 k €-52,9 k €235,2 k €195,5 k €417,2 k €318,0 k €15,4 k €-233,3 k €190,1 k €195,4 k €312,7 k €352,4 k €308,2 k €
Balance sheet
Equity567,8 k €503,2 k €679,6 k €939,1 k €1,4 M €2,2 M €3,1 M €3,2 M €2,9 M €2,7 M €2,4 M €2,0 M €2,0 M €2,3 M €2,1 M €3,4 M €3,6 M €3,2 M €
Total assets2,2 M €2,0 M €3,2 M €2,8 M €3,4 M €5,2 M €5,0 M €5,5 M €4,9 M €4,9 M €3,9 M €4,2 M €3,8 M €4,2 M €6,2 M €6,5 M €6,7 M €6,2 M €
Cash277,9 k €359,0 k €417,5 k €72,9 k €366,9 k €191,9 k €773,7 k €2,4 M €1,6 M €1,4 M €160,7 k €748,3 k €975,9 k €1,0 M €2,4 M €515,2 k €2,1 M €1,4 M €
Debts1,6 M €1,5 M €2,5 M €1,9 M €2,0 M €2,9 M €1,9 M €2,2 M €1,9 M €2,1 M €1,6 M €2,1 M €1,8 M €1,9 M €4,0 M €3,2 M €3,1 M €3,0 M €
Other
Workforce5,8 ETP6,8 ETP11,9 ETP14,3 ETP15,8 ETP27,2 ETP29,8 ETP31,5 ETP30,2 ETP29,5 ETP28,4 ETP32,9 ETP33,0 ETP26,8 ETP27,5 ETP32,4 ETP34,0 ETP28,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/01/2026 · 2 active · 30 ended

Active mandates

HUB TO YOU

Director · since 14 juillet 2025 · until 13 juin 2031 · 0450.376.641

Represented by Pierre Hamblenne

Active
Mavaj

Managing director · since 14 juillet 2025 · until 13 juin 2031 · 0536.270.339

Represented by Arnaud Vanderplancke

Active

Ended mandates

Georges Vanderplancke

Director · since 18 décembre 2019 · until 24 juin 2025

Ended
Jacques MANIET

Director · since 18 décembre 2019 · until 24 juin 2025

Ended
Mavaj

Managing director · since 18 décembre 2019 · until 24 juin 2025 · 0536.270.339

Represented by Arnaud Vanderplancke

Ended
IMMOBILIERE ARPAL

Director · since 29 décembre 2016 · until 14 juin 2022 · 0443.489.740

Represented by George VANDERPLANCKE

Ended
At this address

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Annual accounts

Full financial information

202620252024202320222021
Type of accountAbridged modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/02/202501/02/202401/02/202301/02/202201/02/202101/02/2020
Closing of the financial year31/01/202631/01/202531/01/202431/01/202331/01/202231/01/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202605/08/202522/07/202410/07/202320/07/202220/07/2021
General meeting30/06/202614/07/202525/06/202427/06/202328/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged modelCorrection31/01/202630/06/202631/07/2026FrenchPDF
Abridged model31/01/202630/06/202628/07/2026FrenchPDF
Full model31/01/202514/07/202505/08/2025FrenchPDF
Full model31/01/202425/06/202422/07/2024FrenchPDF
Full model31/01/202327/06/202310/07/2023FrenchPDF
Full model31/01/202228/06/202220/07/2022FrenchPDF
Full model31/01/202129/06/202120/07/2021FrenchPDF
Full model31/01/202030/06/202016/07/2020FrenchPDF
Full model31/12/201811/06/201927/08/2019FrenchPDF
Full model31/12/201712/06/201807/08/2018FrenchPDF
Full model31/12/201613/06/201714/07/2017FrenchPDF
Full model31/12/201514/06/201615/07/2016FrenchPDF
Full model31/12/201409/06/201514/07/2015FrenchPDF
Full model31/12/201310/06/201420/06/2014FrenchPDF
Full model31/12/201227/06/201312/07/2013FrenchPDF
Full model31/12/201112/06/201226/06/2012FrenchPDF
Full model31/12/201014/06/201104/08/2011FrenchPDF
Full model31/12/200908/06/201028/06/2010FrenchPDF
Full model31/12/200809/06/200915/07/2009FrenchPDF
Full model31/12/200710/06/200804/08/2008FrenchPDF
Full model31/12/200612/06/200726/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/01/2026 · 2 active · 30 ended

Active mandates

HUB TO YOU

Director · since 14 juillet 2025 · until 13 juin 2031 · 0450.376.641

Represented by Pierre Hamblenne

Active
Mavaj

Managing director · since 14 juillet 2025 · until 13 juin 2031 · 0536.270.339

Represented by Arnaud Vanderplancke

Active

Ended mandates

Georges Vanderplancke

Director · since 18 décembre 2019 · until 24 juin 2025

Ended
Jacques MANIET

Director · since 18 décembre 2019 · until 24 juin 2025

Ended
Mavaj

Managing director · since 18 décembre 2019 · until 24 juin 2025 · 0536.270.339

Represented by Arnaud Vanderplancke

Ended
IMMOBILIERE ARPAL

Director · since 29 décembre 2016 · until 14 juin 2022 · 0443.489.740

Represented by George VANDERPLANCKE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office31/03/2022
    SIEGE SOCIAL
    PDF
  • Mandates14/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other10/12/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates20/11/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/06/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/04/2016
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2026
    Annual accounts 202664,6 k €↑
  2. 2025
    Annual accounts 2025-176,4 k €↑
  3. 2024
    Annual accounts 2024-259,4 k €↑
  4. 2023
    Annual accounts 2023-415,1 k €↓
  5. 2022
    Annual accounts 2022-97,8 k €↑
  6. 2018
    Annual accounts 2018-861,6 k €↓
  7. 2017
    Annual accounts 2017-52,9 k €↓
  8. 2016
    Annual accounts 2016235,2 k €↑
  9. 2015
    Annual accounts 2015195,5 k €↓
  10. 2014
    Annual accounts 2014417,2 k €↑
  11. 2013
    Annual accounts 2013318,0 k €↑
  12. 2012
    Annual accounts 201215,4 k €↑
  13. 2011
    Annual accounts 2011-233,3 k €↓
  14. 2010
    Annual accounts 2010190,1 k €↓
  15. 2009
    Annual accounts 2009195,4 k €↓
  16. 2008
    Annual accounts 2008312,7 k €↓
  17. 2007
    Annual accounts 2007352,4 k €↑
  18. 2006
    Annual accounts 2006308,2 k €
  19. 29/11/1979
    IncorporationPublic limited company