ACTIVE

Manitou Benelux

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Financial year 2025 · Closed on 31/12/2025

Net result3,8 M €-39,7 %over 1 year

Revenue165,3 M €+9,3 %over 1 year

Equity3,2 M €-9,0 %over 1 year

Workforce27,9 ETP+0,7 %over 1 year

Identity

Source · BCE/KBO

Manitou Benelux is a Public limited company incorporated in 1991. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Perwez. It employs on average 27,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0444.702.042
Incorporation: 10/07/1991
Legal form: Public limited company
Registered office: Rue des Andains 2
1360 Perwez · WallonieSee on map
Contributed capital: 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 27,9 ETP

Activities (NACE)

45111Sale of cars and light motor vehicles· main 46630Wholesale of mining, construction and civil engineering machinery 46630Wholesale of mining, construction and civil engineering machinery 46711Wholesale of solid, liquid and gaseous fuels and related products 50101Sea and coastal passenger water transport 51820Air transport+3

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	165,3 M €	+9.3%	151,2 M €	-17.8%	183,8 M €	+51.5%	121,3 M €	-7.8%	131,6 M €
EBITDA	5,7 M €	-37.2%	9 M €	-1.8%	9,2 M €	+88.0%	4,9 M €	-20.9%	6,2 M €
Operating result	5,8 M €	-36.4%	9,1 M €	+6.3%	8,6 M €	+79.2%	4,8 M €	-15.8%	5,7 M €
Net result	3,8 M €	-39.7%	6,4 M €	+0.4%	6,3 M €	+74.5%	3,6 M €	-12.6%	4,2 M €
Balance sheet
Equity	3,2 M €	-9.0%	3,5 M €	+9.4%	3,2 M €	0.0%	3,2 M €	+3.6%	3,1 M €
Total assets	51 M €	+5.9%	48,1 M €	-32.3%	71,1 M €	+54.1%	46,1 M €	+33.2%	34,6 M €
Cash	–		59,6 €	-99.9%	63,8 k €	+617%	8,9 k €	+3696%	234,4 €
Debts	45,2 M €	+7.4%	42,1 M €	-35.5%	65,2 M €	+59.8%	40,8 M €	+38.2%	29,5 M €
Other
Workforce	27,9 ETP	+0.7%	27,7 ETP	0.0%	27,7 ETP	+4.5%	26,5 ETP	+7.7%	24,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BERNARD DELVIGNE	Managing director21/02/2023 → 18/05/2030
MATHIAS BRUSSELLE	Managing director19/05/2023 → 18/05/2027
JEAN ROUAULT	Chairman of the board of directors19/05/2017 → 18/05/2026Director18/05/2012 → 2020 accountsended
PASCAL GRAFF	Director19/05/2017 → 18/05/2026
TONY GUILMIN	Director19/05/2017 → 18/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN FORRET	Managing director18/05/2014 → 2021 accountsDirector18/05/2014 → 2015 accounts

Other companies at this address

Rue des Andains 2 1360 Perwez

Company	CBE no.
Manitou Interface and Logistics Europe● Active	0837.032.497

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	19/06/2026	28/08/2025	26/08/2024	30/08/2023	29/08/2022	18/01/2022
General meeting	18/05/2026	19/05/2025	21/05/2024	19/05/2023	18/05/2022	18/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	19/06/2026	French	PDF
Full model	31/12/2024	19/05/2025	28/08/2025	French	PDF
Full model	31/12/2023	21/05/2024	26/08/2024	French	PDF
Full model	31/12/2022	19/05/2023	30/08/2023	French	PDF
Full model	31/12/2021	18/05/2022	29/08/2022	French	PDF
Full modelCorrection	31/12/2020	18/05/2021	18/01/2022	French	PDF
Full model	31/12/2020	18/05/2021	26/08/2021	French	PDF
Full model	31/12/2019	18/05/2020	27/07/2020	French	PDF
Full model	31/12/2018	20/05/2019	26/08/2019	French	PDF
Full model	31/12/2017	18/05/2018	29/08/2018	French	PDF
Full model	31/12/2016	19/05/2017	29/08/2017	French	PDF
Full model	31/12/2015	19/05/2016	29/08/2016	French	PDF
Full model	31/12/2014	19/05/2015	24/07/2015	French	PDF
Full model	31/12/2013	19/05/2014	18/06/2014	French	PDF
Full model	31/12/2012	21/05/2013	07/06/2013	French	PDF
Full model	31/12/2011	18/05/2012	13/03/2013	French	PDF
Full model	31/12/2010	18/05/2011	28/09/2011	French	PDF
Full model	31/12/2009	18/05/2010	02/09/2010	French	PDF
Full model	31/12/2008	18/05/2009	21/08/2009	French	PDF
Full model	31/12/2007	19/05/2008	03/07/2008	French	PDF
Full model	31/12/2006	18/05/2007	24/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BERNARD DELVIGNE	Managing director21/02/2023 → 18/05/2030
MATHIAS BRUSSELLE	Managing director19/05/2023 → 18/05/2027
JEAN ROUAULT	Chairman of the board of directors19/05/2017 → 18/05/2026Director18/05/2012 → 2020 accountsended
PASCAL GRAFF	Director19/05/2017 → 18/05/2026
TONY GUILMIN	Director19/05/2017 → 18/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN FORRET	Managing director18/05/2014 → 2021 accountsDirector18/05/2014 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates20/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2023
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates12/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

BERNARD DELVIGNE

MATHIAS BRUSSELLE

TONY GUILMIN

JEAN ROUAULT

PASCAL GRAFF

STEFAAN FORRET

PIERRE-FRANCOIS PIRON

CHRISTIAAN MATHIJS

FRANCOIS FREDERIC PIFFARD

PIERRE-YVES MALGOGNE

HERVE SAULAIS

MARCEL BRAUD

Show the 4 other mandates

1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Manitou Benelux

Rue des Andains 2, 1360 Perwez

Managing director

Director

Chairman of the board of directorsDirector

Director

Managing directorDirector

Director

Managing directorDirector

Director

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Andains 2, 1360 PerwezCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00190735

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Manitou BeneluxCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00190735

Events

02/06/2026
nominationStefaan FORRET · Administrateur délégué
11/02/2026
nominationDELVIGNE Bernard · Administrateur-délégué
2025
Annual accounts 20253,8 M €↓
19/05/2025
nominationFlorent Desmet · représentant permanent (commissaire aux comptes)
22/04/2025
nominationMathias BRUSSELLE · Administrateur-Délégué / délégué à la gestion journalière
22/04/2025
nominationBernard DELVIGNE · Directeur Administratif et Financier / mandat spécial
22/04/2025
nominationFilipponieri MAZZOLA · Service Manager / mandat spécial
2024
Annual accounts 20246,4 M €↑
2023
Annual accounts 20236,3 M €↑
19/05/2023
nominationBRUSSELLE Mathias · administrateur
21/02/2023
nominationDELVIGNE Bernard · Administrateur délégué intérim
2022
Annual accounts 20223,6 M €↓
19/05/2022
reconductionROUAULT Jean · Administrateur
19/05/2022
reconductionGUILMIN Tony · Administrateur
19/05/2022
reconductionGRAFF Pascal · Administrateur
19/05/2022
reconductionRSM INTER AUDIT SCRL · commissaire aux comptes
18/05/2022
reconductionROUAULT Jean · Président du Conseil d'administration
2021
Annual accounts 20214,2 M €↑
2020
Annual accounts 20201,7 M €↓
2019
Annual accounts 20193,7 M €↑
2018
Annual accounts 20182,9 M €↑
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 2012889,9 k €↓
2011
Annual accounts 20111 M €↑
2010
Annual accounts 2010666,9 k €↑
2009
Annual accounts 2009465 k €↓
2008
Annual accounts 20083,4 M €↑
2007
Annual accounts 20072,6 M €
10/07/1991
IncorporationPublic limited company

Manitou Benelux

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events