ACTIVE

MANUCHAR GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

-46,7 M €

-239.5% YoY

Equity

387 M €

-10.8% YoY

What does MANUCHAR GROUP do?

MANUCHAR GROUP is a Private limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0777.879.622

Incorporation

30/11/2021

Legal form

Private limited company

Registered office

Rietschoorvelden 20
2170 Antwerpen · FlandreSee on map

Contributed capital

495 396 459,97 €

Latest accounts

31/12/2025

Activities (NACE)

64210Activities of holding companies· main 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
EBITDA	-327 k €	-16.2%	-281,4 k €	-118%	-129,2 k €	-157%	-50,2 k €
Operating result	-896,3 k €	-219%	-281,4 k €	-118%	-129,2 k €	-157%	-50,2 k €
Net result	-46,7 M €	-240%	-13,8 M €	+26.9%	-18,8 M €	+35.3%	-29,1 M €
Balance sheet
Equity	387 M €	-10.8%	433,7 M €	-3.1%	447,5 M €	+1.5%	440,9 M €
Total assets	888,3 M €	+8.6%	818 M €	-0.7%	823,5 M €	+1.3%	813,1 M €
Cash	839,8 k €	+21.4%	691,8 k €	+99.3%	347,1 k €	-63.9%	960,3 k €
Debts	499,2 M €	+30.0%	384,1 M €	+2.2%	376 M €	+1.0%	372,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Guto

Director · since 01 avril 2025 · 0785.349.117

Represented by Spofie Beernaert

Active

Hucar

Director · since 01 avril 2025 · 1018.371.524

Represented by Laurent Pasqualini

Active

MATTHIAS DE RAEYMAEKER

Director · since 30 juin 2022 · 0822.840.805

Represented by Matthias DE RAEYMAEKER

Active

Ended mandates

Guto

Director · since 01 avril 2025 · 0785.349.117

Represented by Sofie Beernaert

Ended

Anthony MAAS

Director · since 21 février 2023

Ended

Dragonfly Invest

Director · since 30 juin 2022 · until 21 février 2023 · 0787.276.348

Represented by Anthony MAAS

Ended

Philippe HUYBRECHS

Managing director · since 30 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Chemical Distribution BE Pillar 2 Group● Active	1014.116.489
Corvida investments● Active	0787.276.150
Dragonfly Invest● Active	0787.276.348
Flamengo investments● Active	0787.267.638
International Trade Services Group● Active	1019.628.663
LDI INTERNATIONAL● Active	0472.156.309
LSF XI Magpie Finco● Active	0785.953.881
Manuchar● Active	0407.045.751
Manuchar Europe● Active	0793.709.923
Manuchar International Trade Services● Active	0799.443.514
Manuchar Pulp & Paper● Active	0799.443.316
MANUCHAR STEEL● Active	0865.797.353
PPLS Invest● Active	0787.267.737
UNIT ONE● Active	0449.634.887

Annual accounts

Full financial information

	2025	2024	2023	2022
Type of account	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	30/11/2021
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Length of the financial year	12 months	12 months	12 months	14 months
Filing date	02/06/2026	25/06/2025	24/05/2024	05/12/2023
General meeting	23/04/2026	30/04/2025	25/04/2024	27/04/2023
Currency of the financial year	USD	USD	USD	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/04/2026	02/06/2026	Dutch	PDF
Full model	31/12/2024	30/04/2025	25/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/04/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	25/04/2024	24/05/2024	Dutch	PDF
Consolidated accounts	31/12/2023	25/04/2024	04/06/2024	Dutch	PDF
Full modelCorrection	31/12/2022	27/04/2023	05/12/2023	Dutch	PDF
Full model	31/12/2022	27/04/2023	22/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	27/04/2023	21/06/2023	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 3 active · 8 ended

Active mandates

Guto

Director · since 01 avril 2025 · 0785.349.117

Represented by Spofie Beernaert

Active

Hucar

Director · since 01 avril 2025 · 1018.371.524

Represented by Laurent Pasqualini

Active

MATTHIAS DE RAEYMAEKER

Director · since 30 juin 2022 · 0822.840.805

Represented by Matthias DE RAEYMAEKER

Active

Ended mandates

Guto

Director · since 01 avril 2025 · 0785.349.117

Represented by Sofie Beernaert

Ended

Anthony MAAS

Director · since 21 février 2023

Ended

Dragonfly Invest

Director · since 30 juin 2022 · until 21 février 2023 · 0787.276.348

Represented by Anthony MAAS

Ended

Philippe HUYBRECHS

Managing director · since 30 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/08/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates04/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2023
ONTSLAGEN - BENOEMINGEN
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

17/02/2026
nominationBLACKBUCK BV — lid van het Management Board
17/02/2026
unknownHUCAR BV — Voorzitter Management Board
17/02/2026
unknownM.D.R BV — lid van het Management Board
17/02/2026
unknownGUTO Comm — lid van het Management Board
17/02/2026
unknownStefan Van Loock — lid van het Management Board
17/02/2026
unknownSTE MANAGEMENT CommV — lid van het Management Board
17/02/2026
unknownNEXUM BV — lid van het Management Board
17/02/2026
unknownINTEGRITY LEGAL & COMPLIANCE SERVICES SRL — lid van het Management Board
17/02/2026
unknownPNO HR CONSULTING BV — lid van het Management Board
17/02/2026
unknownOV STRATEGIC PARTNERS BV — lid van het Management Board
2025
Annual accounts 2025-46,7 M €↓
27/10/2025
nominationOlivera Vujnović — lid van het Management Board
11/07/2025
nominationPNO HR CONSULTING BV — lid van het Management Board
01/04/2025
nominationHUCAR — gewone bestuurder
01/04/2025
nominationGUTO — gewone bestuurder
14/03/2025
nominationStefan Van Loock — Management Board
14/03/2025
nominationAndré Schommer — Management Board
2024
Annual accounts 2024-13,8 M €↑
13/08/2024
nominationInge de Winne — lid van het executief comité
13/08/2024
nominationAndré Schommer — lid van het executief comité
2023
Annual accounts 2023-18,8 M €↑
01/10/2023
nominationRodrigo Cunha — lid van het executief comité
15/05/2023
nominationAnthony Maas — lid van het executief comité
15/05/2023
nominationMatthias De Raeymaeker — lid van het executief comité
15/05/2023
nominationSabri Tektas — lid van het executief comité
15/05/2023
nominationStephan Van den Eynde — lid van het executief comité
27/04/2023
nominationEY Bedrijfsrevisoren — commissaris
21/02/2023
nominationMAAS Anthony — gewone bestuurder
21/02/2023
augmentation_capitalLSF11 MAGPIE INVESTMENTS S.à.r.l.
2022
Annual accounts 2022-29,1 M €
01/07/2022
nominationPhilippe Huybrechs — président du collège des administrateurs
01/07/2022
nominationM.D.R. BV — administrateur délégué
01/07/2022
nominationDragonfly Invest BV — administrateur délégué
01/07/2022
nominationPatrick Putman — directeur
01/07/2022
nominationDirk Aerts — directeur
01/07/2022
nominationSofie Beernaert — directeur
01/07/2022
nominationBarry Collard — directeur
01/07/2022
nominationBen De Voecht — directeur
01/07/2022
nominationMark Jacobs — directeur
01/07/2022
nominationBart Troubleyn — directeur
01/07/2022
nominationStefan Van Loock — directeur
01/07/2022
augmentation_capital
30/06/2022
nominationM.D.R. BV — administrateur
30/06/2022
nominationPhilippe Huybrechs — administrateur
30/06/2022
nominationDragonfly Invest BV — administrateur
30/11/2021
IncorporationPrivate 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

MANUCHAR GROUP

Overview

What does MANUCHAR GROUP do?

Trend over 4 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