ACTIVE

MANATHAN

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Financial year 2025 · Closed on 31/12/2025

Net result3,1 M €-25,6 %over 1 year
Gross margin-8,8 k €-113,9 %over 1 year
Equity3,2 M €-64,8 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

MANATHAN is a Private limited company incorporated in 2017. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0682.922.956
Incorporation
16/10/2017
Legal form
Private limited company
Registered office
Della Faillelaan 53
2020 Antwerpen · FlandreSee on map
Contributed capital
2 500 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 10 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin-8,8 k €-4,1 k €-8,5 k €-2,8 k €-3 k €
EBITDA-9,9 k €-5,4 k €-9,9 k €-4,5 k €-4 k €
Operating result-9,9 k €-5,4 k €-9,9 k €-4,5 k €-4 k €
Net result3,1 M €4,1 M €3 M €456,8 k €221,1 €
Balance sheet
Equity3,2 M €9,1 M €5 M €2 M €1,6 M €
Total assets29,5 M €26 M €22,9 M €10,3 M €7,3 M €
Cash2,9 M €3,9 M €2,1 M €972,5 k €1,2 M €
Debts26,3 M €16,9 M €17,9 M €8,3 M €5,8 M €
Other
Workforce0,0 ETP––––

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Max Vanderlinden
Directorsince 11/02/2025
Thomas VANDERLINDEN
Director

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gaëlle Hallemans
Director16/11/2020 → 2022 accounts
Thomas Van der Linden
Manager16/10/2017 → 2018 accountsDirectoruntil 16/11/2020

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date27/10/202620/10/202620/10/202608/11/202331/08/202231/08/2021
General meeting30/09/202630/09/202630/09/202603/10/202329/08/202226/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/09/202627/10/2026DutchPDF
Abridged modelCorrection31/12/202430/09/202620/10/2026DutchPDF
Abridged model31/12/202410/06/202501/07/2025DutchPDF
Abridged modelCorrection31/12/202330/09/202620/10/2026DutchPDF
Abridged model31/12/202331/07/202427/08/2024DutchPDF
Abridged model31/12/202203/10/202308/11/2023DutchPDF
Abridged model31/12/202129/08/202231/08/2022DutchPDF
Abridged model31/12/202026/08/202131/08/2021DutchPDF
Abridged model31/12/201931/07/202031/08/2020DutchPDF
Abridged model31/12/201811/06/201914/06/2019DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Max Vanderlinden
Directorsince 11/02/2025
Thomas VANDERLINDEN
Director

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gaëlle Hallemans
Director16/11/2020 → 2022 accounts
Thomas Van der Linden
Manager16/10/2017 → 2018 accountsDirectoruntil 16/11/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/10/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE
    PDF
  • Mandates24/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/01/2021
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Other18/10/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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
Filings6 filings
Mandates
Max Vanderlinden
Thomas VANDERLINDEN
Gaëlle Hallemans
Thomas Van der Linden
2017201820192020202120222023202420252026
MANATHAN
Della Faillelaan 53, 2020 Antwerp-2020
Director
Director
Director
Manager
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Della Faillelaan 53, 2020 Antwerp-2020Current
accounts 2021 → 2025
Accounts 2025 · 2026-00595416

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MANATHANCurrent
accounts 2018 → 2025
Accounts 2025 · 2026-00595416

Events

  1. 2025
    Annual accounts 20253,1 M €↓
  2. 2024
    Annual accounts 20244,1 M €↑
  3. 2023
    Annual accounts 20233 M €↑
  4. 2022
    Annual accounts 2022456,8 k €↑
  5. 2021
    Annual accounts 2021221,1 €↑
  6. 2018
    Annual accounts 2018-7,2 k €
  7. 16/10/2017
    IncorporationPrivate limited company