ACTIVE

MANASIM

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 k €+69,6 %over 1 year

Gross margin15,5 k €-2,4 %over 1 year

Equity371 k €+0,4 %over 1 year

Identity

Source · BCE/KBO

MANASIM is a Public limited company incorporated in 1993. Its registered office is in Thuin.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0450.232.329
Incorporation: 19/05/1993
Legal form: Public limited company
Registered office: Rue Crombouly(THN) 1
6530 Thuin · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	15,5 k €	-2.4%	15,9 k €	+1.4%	15,6 k €	-3.0%	16,1 k €	-0.7%	16,2 k €
EBITDA	15,1 k €	-2.5%	15,5 k €	+1.4%	15,3 k €	-3.3%	15,8 k €	-0.7%	15,9 k €
Operating result	2,2 k €	+11.5%	1,9 k €	-0.0%	1,9 k €	-40.6%	3,3 k €	-37.5%	5,2 k €
Net result	1,4 k €	+69.6%	848,8 €	-18.7%	1 k €	-59.0%	2,5 k €	-40.4%	4,3 k €
Balance sheet
Equity	371 k €	+0.4%	369,6 k €	+0.2%	368,8 k €	+0.3%	367,7 k €	+0.7%	365,2 k €
Total assets	389,4 k €	-4.5%	407,6 k €	-0.2%	408,3 k €	+6.2%	384,5 k €	-0.4%	386,2 k €
Cash	4,3 k €	-54.9%	9,6 k €	-9.2%	10,6 k €	+3.1%	10,3 k €	+71.3%	6 k €
Debts	17,1 k €	-53.4%	36,7 k €	-3.6%	38,1 k €	+138%	16 k €	-24.0%	21,1 k €
Other
Workforce	–		0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRIGITTE DELMOTTE	Directorsince 22/12/2015Mandate2024 accountsended
HUGUES DELVAUX	Directorsince 22/12/2015Mandate2024 accountsended
Luc Collart	Directorsince 22/12/2015Chairman of the board of directors22/12/2015 → 2015 accountsendedMandate2024 accountsended
MADELEINE CARLIER	Directorsince 22/12/2015Mandate2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CHRISTIAN MORCIAUX	Director22/12/2015 → 2015 accounts
JEAN LANGELET	Managing director25/03/2013 → 2015 accounts
PHILIPPE SPELMANS	Managing director25/03/2013 → 22/12/2015

Other companies at this address

Rue Crombouly(THN) 1 6530 Thuin

Company	CBE no.
L'Essor● Active	0455.450.038

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	13/07/2026	08/07/2025	25/06/2024	11/05/2023	04/06/2022	15/07/2021
General meeting	31/03/2026	26/05/2025	29/05/2024	12/04/2023	04/05/2022	17/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/03/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	29/05/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	12/04/2023	11/05/2023	French	PDF
Abridged model	31/12/2021	04/05/2022	04/06/2022	French	PDF
Abridged model	31/12/2020	17/03/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	23/09/2020	13/10/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	17/07/2019	French	PDF
Abridged model	31/12/2017	28/03/2018	26/04/2018	French	PDF
Abridged model	31/12/2016	19/04/2017	18/05/2017	French	PDF
Abridged model	31/12/2015	08/06/2016	04/08/2016	French	PDF
Abridged model	31/12/2014	31/03/2015	30/04/2015	French	PDF
Abridged model	31/12/2013	31/03/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	21/01/2013	04/02/2013	French	PDF
Abridged model	31/12/2011	11/01/2012	04/07/2012	French	PDF
Abridged model	31/12/2010	31/03/2011	04/04/2011	French	PDF
Abridged model	31/12/2009	31/03/2010	20/05/2010	French	PDF
Abridged model	31/12/2008	31/03/2009	20/05/2009	French	PDF
Abridged model	31/12/2007	31/03/2008	03/06/2008	French	PDF
Abridged model	31/12/2006	17/01/2007	08/03/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRIGITTE DELMOTTE	Directorsince 22/12/2015Mandate2024 accountsended
HUGUES DELVAUX	Directorsince 22/12/2015Mandate2024 accountsended
Luc Collart	Directorsince 22/12/2015Chairman of the board of directors22/12/2015 → 2015 accountsendedMandate2024 accountsended
MADELEINE CARLIER	Directorsince 22/12/2015Mandate2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CHRISTIAN MORCIAUX	Director22/12/2015 → 2015 accounts
JEAN LANGELET	Managing director25/03/2013 → 2015 accounts
PHILIPPE SPELMANS	Managing director25/03/2013 → 22/12/2015

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/02/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/12/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates14/10/2004
DEMISSION ET NOMINATION D'ADMINISTRATEUR DELEGUE
PDF
Capital / shares15/04/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

HUGUES DELVAUX

BRIGITTE DELMOTTE

Luc Collart

MADELEINE CARLIER

CHRISTIAN MORCIAUX

PHILIPPE SPELMANS

JEAN LANGELET

Francoise COUNE

Maxime SIMON

Jeanne SUYS

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MANASIM

Rue Crombouly(THN) 1, 6530 Thuin

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Crombouly(THN) 1, 6530 ThuinCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00292604

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MANASIMCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00292604

Events

2025
Annual accounts 20251,4 k €↑
2024
Annual accounts 2024848,8 €↓
2023
Annual accounts 20231 k €↓
2022
Annual accounts 20222,5 k €↓
2021
Annual accounts 20214,3 k €↑
2020
Annual accounts 2020555 €↑
2019
Annual accounts 2019-50 €↓
2018
Annual accounts 20181,5 k €↑
2017
Annual accounts 2017-13,8 k €↓
2016
Annual accounts 2016-2,7 k €↓
2015
Annual accounts 20155,6 k €↑
2014
Annual accounts 20145,4 k €↑
2013
Annual accounts 20132,5 k €↑
2012
Annual accounts 2012-12,3 k €↓
2011
Annual accounts 201111,5 k €↓
2010
Annual accounts 201017 k €↓
2009
Annual accounts 200924 k €↑
2008
Annual accounts 200811,9 k €↑
2007
Annual accounts 2007138 €
19/05/1993
IncorporationPublic limited company

MANASIM

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