ACTIVE

MANVEST

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Financial year 2025 · closed on 30/06/2025

Net result

32 k €

+130.6% YoY

Gross margin

71 k €

+32.5% YoY

Equity

358,5 k €

+8.1% YoY

What does MANVEST do?

MANVEST is a Public limited company incorporated in 1990. Its registered office is in Ath.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.302.677

Incorporation

16/10/1990

Legal form

Public limited company

Registered office

Route de Flobecq(Ost) 344
7804 Ath · WallonieSee on map

Contributed capital

61 973,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	71 k €	+32.5%	53,5 k €	+38.3%	38,7 k €	-17.2%	46,8 k €	-51.0%	95,5 k €	+58.2%	60,4 k €	-38.0%	97,3 k €	+71.5%	56,7 k €	-11.0%	63,7 k €	+7.3%	59,4 k €	+3.0%	57,6 k €
EBITDA	65,7 k €	+89.3%	34,7 k €	+21.3%	28,6 k €	-29.7%	40,7 k €	-54.1%	88,6 k €	+66.2%	53,3 k €	-40.4%	89,4 k €	+76.3%	50,7 k €	-6.6%	54,3 k €	-0.6%	54,7 k €	+1.6%	53,8 k €
Operating result	44,4 k €	+177%	-58 k €	-693%	9,8 k €	-58.6%	23,6 k €	-52.9%	50,1 k €	+382%	10,4 k €	-27.2%	14,3 k €	-36.8%	22,6 k €	-11.9%	25,7 k €	+3.7%	24,7 k €	-24.2%	32,6 k €
Net result	32 k €	+131%	-104,5 k €	-2100%	5,2 k €	-68.7%	16,7 k €	-56.3%	38,1 k €	+511%	6,2 k €	+785%	705,1 €	-93.9%	11,5 k €	-0.0%	11,5 k €	-6.1%	12,2 k €	+2414%	-528,1 €
Balance sheet
Equity	358,5 k €	+8.1%	331,8 k €	-14.8%	389,7 k €	-0.0%	389,8 k €	+3.5%	376,4 k €	+73.1%	217,4 k €	+0.5%	216,4 k €	-2.0%	220,9 k €	+2.9%	214,7 k €	+4.3%	205,9 k €	+10.4%	186,4 k €
Total assets	523,1 k €	-0.2%	524 k €	-14.5%	613,2 k €	-4.6%	642,5 k €	+2.3%	628 k €	+16.4%	539,4 k €	+11.2%	485,3 k €	-2.3%	496,6 k €	-6.8%	532,6 k €	-4.2%	555,8 k €	-4.4%	581,3 k €
Cash	153,1 k €	-0.2%	153,4 k €	+3.9%	147,6 k €	-6.6%	158,1 k €	-3.0%	163 k €	+16404%	987,6 €	+239%	291,7 €	-81.0%	1,5 k €	-64.6%	4,3 k €	-76.0%	18,1 k €	-78.8%	85,3 k €
Debts	147,2 k €	-19.7%	183,4 k €	+9.1%	168,1 k €	-14.4%	196,5 k €	+0.6%	195,3 k €	-39.4%	322 k €	+19.8%	268,9 k €	-2.5%	275,6 k €	-13.3%	317,9 k €	-9.1%	349,9 k €	-11.4%	394,9 k €

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 30/06/2025 · 1 active · 2 ended

Active mandates

NICOLETTA SALDARELLI

Director · since 20 novembre 2023

Active

Ended mandates

NICOLETTA SALDARELLI

Director

Ended

NICOLETTA SALDARELLI

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
BUREAU D'EXPERTISES MANCA● Active	0428.001.711
Fabrique d''Eglise de la paroisse Saint-Pierre à Ath - Ostiches ( WL - Ath )● Active	0256.000.915

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/01/2026	23/01/2025	01/12/2023	27/01/2023	14/12/2021	26/01/2021
General meeting	31/10/2025	31/10/2024	31/10/2023	20/10/2022	31/10/2021	22/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/10/2025	26/01/2026	French	PDF
Micro model	30/06/2024	31/10/2024	23/01/2025	French	PDF
Micro model	30/06/2023	31/10/2023	01/12/2023	French	PDF
Micro model	30/06/2022	20/10/2022	27/01/2023	French	PDF
Micro model	30/06/2021	31/10/2021	14/12/2021	French	PDF
Micro model	30/06/2020	22/10/2020	26/01/2021	French	PDF
Micro model	30/06/2019	22/10/2019	12/02/2020	French	PDF
Micro model	30/06/2018	23/10/2018	29/12/2018	French	PDF
Micro model	30/06/2017	23/10/2017	27/12/2017	French	PDF
Abridged model	30/06/2016	22/10/2016	20/02/2017	French	PDF
Abridged model	30/06/2015	22/10/2015	26/02/2016	French	PDF
Abridged model	30/06/2014	22/10/2014	17/01/2015	French	PDF
Abridged model	30/06/2013	22/10/2013	29/01/2014	French	PDF
Abridged model	30/06/2012	22/10/2012	18/03/2013	French	PDF
Abridged model	30/06/2011	22/10/2011	17/02/2012	French	PDF
Abridged model	30/06/2010	22/10/2010	01/02/2011	French	PDF
Abridged model	30/06/2009	22/10/2009	27/05/2010	French	PDF
Abridged model	30/06/2008	22/10/2008	27/01/2009	French	PDF
Abridged model	30/06/2007	22/10/2007	31/03/2008	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 30/06/2025 · 1 active · 2 ended

Active mandates

NICOLETTA SALDARELLI

Director · since 20 novembre 2023

Active

Ended mandates

NICOLETTA SALDARELLI

Director

Ended

NICOLETTA SALDARELLI

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/07/2026
—
PDF
Restructuring20/03/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates17/04/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates30/09/2005
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

2025
Annual accounts 202532 k €↑
2024
Annual accounts 2024-104,5 k €↓
2023
Annual accounts 20235,2 k €↓
2022
Annual accounts 202216,7 k €↓
2021
Annual accounts 202138,1 k €↑
2018
Annual accounts 20186,2 k €↑
2017
Annual accounts 2017705,1 €↓
2016
Annual accounts 201611,5 k €↓
2015
Annual accounts 201511,5 k €↓
2014
Annual accounts 201412,2 k €↑
2013
Annual accounts 2013-528,1 €
16/10/1990
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

MANVEST

Overview

What does MANVEST do?

Trend over 11 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