ACTIVE

MANH

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Financial year 2025 · closed on 31/12/2025
Net result
87 k €
-12.9% YoY
Gross margin
131,7 k €
-12.8% YoY
Equity
164,5 k €
+4.4% YoY

What does MANH do?

MANH is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Oudenaarde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0634.945.370
Incorporation
10/08/2015
Legal form
Private limited company
Registered office
Natendries 45
9700 Oudenaarde · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities70210Public relations and communication activities73300Advertising and market research
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021201820172016
Income statement
Gross margin131,7 k €151 k €150,7 k €136,2 k €129,4 k €98 k €48,2 k €17,7 k €
EBITDA130,2 k €148,4 k €147,7 k €135,3 k €128 k €97,4 k €47,6 k €16,4 k €
Operating result118,4 k €134,8 k €133 k €123 k €116,4 k €34,4 k €36,1 k €9,7 k €
Net result87 k €99,9 k €93,4 k €90,2 k €87,3 k €22,3 k €20,8 k €4 k €
Balance sheet
Equity164,5 k €157,5 k €157,5 k €64,1 k €64,1 k €57,9 k €37,2 k €16,4 k €
Total assets370,4 k €406,9 k €359,1 k €453,5 k €450,1 k €312,2 k €122,3 k €106,3 k €
Cash36,7 k €14,9 k €13,7 k €24,6 k €46,1 k €1,8 k €51,6 k €61,9 k €
Debts205,9 k €249,2 k €201,6 k €389,4 k €386 k €254,3 k €84,9 k €89,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Thi Tuyet Phan

Director · since 15 août 2016

Active

Ended mandates

Thi Phan

Manager · since 10 août 2015

Ended
Thi Tuyet M Phan

Director · since 10 août 2015

Ended
Thi Tuyet M Phan

Manager · since 10 août 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202618/08/202516/07/202410/08/202326/08/202216/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/06/202630/06/2026DutchPDF
Micro model31/12/202427/06/202518/08/2025DutchPDF
Micro model31/12/202328/06/202416/07/2024DutchPDF
Micro model31/12/202230/06/202310/08/2023DutchPDF
Micro model31/12/202124/06/202226/08/2022DutchPDF
Micro model31/12/202025/06/202116/08/2021DutchPDF
Micro model31/12/201925/06/202027/07/2020DutchPDF
Micro model31/12/201828/06/201906/08/2019DutchPDF
Micro model31/12/201729/06/201831/08/2018DutchPDF
Abridged model31/12/201630/06/201706/07/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Thi Tuyet Phan

Director · since 15 août 2016

Active

Ended mandates

Thi Phan

Manager · since 10 août 2015

Ended
Thi Tuyet M Phan

Director · since 10 août 2015

Ended
Thi Tuyet M Phan

Manager · since 10 août 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other12/08/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 202587 k €↓
  2. 2024
    Annual accounts 202499,9 k €↑
  3. 2023
    Annual accounts 202393,4 k €↑
  4. 2022
    Annual accounts 202290,2 k €↑
  5. 2021
    Annual accounts 202187,3 k €↑
  6. 2018
    Annual accounts 201822,3 k €↑
  7. 2017
    Annual accounts 201720,8 k €↑
  8. 2016
    Annual accounts 20164 k €
  9. 10/08/2015
    IncorporationPrivate limited company