ACTIVE

MANUS

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Financial year 2025 · closed on 31/12/2025

Net result

600,3 k €

+21.1% YoY

Gross margin

3 M €

+8.7% YoY

Equity

2 M €

+41.7% YoY

Workforce

60,8 ETP

+6.7% YoY

What does MANUS do?

MANUS is a Non-profit organization incorporated in 2008. Its main activity is: Other social work activities without accommodation n.e.c.. Its registered office is in Antwerpen. It employs on average 60,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.114.522

Incorporation

02/12/2008

Legal form

Non-profit organization

Registered office

Luchthavenlei 7A
2100 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

60,8 ETP

Activities (NACE)

88993Other social work activities without accommodation n.e.c.· main 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Joint committees (2)

32701
32901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	3 M €	+8.7%	2,8 M €	+10.2%	2,5 M €	+1.1%	2,5 M €	+8.8%	2,3 M €	+86.2%	1,2 M €	+3.8%	1,2 M €	+17.3%	1 M €	+20.1%	848,5 k €	+20.3%	705,6 k €	+11.5%	632,7 k €	-4.1%	659,8 k €	+1.1%	652,5 k €	-14.7%	765,3 k €	-8.8%	839,6 k €	+25.8%	667,3 k €	+33.3%	500,8 k €	+1867%	25,5 k €
EBITDA	632 k €	+20.1%	526,2 k €	+26.2%	416,9 k €	+120%	189,3 k €	+18.1%	160,2 k €	-16.1%	191 k €	+194%	65,1 k €	+749%	-10 k €	-140%	25,3 k €	+66.8%	15,2 k €	-10.4%	16,9 k €	-41.0%	28,7 k €	+86.0%	15,4 k €	+17.1%	13,2 k €	+114%	-93,5 k €	-40.2%	-66,7 k €	-10594%	635,6 €	-96.2%	16,7 k €
Operating result	597,1 k €	+21.5%	491,4 k €	+23.7%	397,3 k €	+134%	170 k €	+24.9%	136,2 k €	-15.5%	161,1 k €	+370%	34,3 k €	+170%	-49 k €	-1013%	5,4 k €	+409%	-1,7 k €	-120%	8,9 k €	+7.2%	8,3 k €	+72.0%	4,8 k €	+182%	-5,9 k €	+94.5%	-106,7 k €	-45.5%	-73,3 k €	-4361%	-1,6 k €	-110%	16,7 k €
Net result	600,3 k €	+21.1%	495,8 k €	+24.7%	397,5 k €	+133%	170,4 k €	+25.2%	136,1 k €	-14.4%	159 k €	+380%	33,1 k €	+165%	-50,6 k €	-1370%	4 k €	+841%	-538 €	-107%	8 k €	-1.1%	8,1 k €	+72.6%	4,7 k €	+132%	-14,6 k €	+86.6%	-108,7 k €	-48.0%	-73,4 k €	-1122%	7,2 k €	-57.0%	16,7 k €
Balance sheet
Equity	2 M €	+41.7%	1,4 M €	+52.5%	943,6 k €	+72.8%	546,1 k €	+45.3%	375,8 k €	+56.8%	239,7 k €	+197%	80,7 k €	+69.5%	47,6 k €	-51.5%	98,2 k €	+4.2%	94,2 k €	-0.6%	94,8 k €	+9.3%	86,7 k €	+10.3%	78,6 k €	+6.4%	73,9 k €	+147%	-158,2 k €	-219%	-49,5 k €	-307%	23,9 k €	+43.0%	16,7 k €
Total assets	3,3 M €	+46.9%	2,3 M €	+7.4%	2,1 M €	+27.5%	1,7 M €	+9.0%	1,5 M €	-0.4%	1,5 M €	-4.5%	1,6 M €	+1.5%	1,6 M €	+69.9%	929,1 k €	+59.5%	582,6 k €	+26.6%	460 k €	+18.7%	387,5 k €	-9.8%	429,5 k €	-3.7%	446 k €	-22.0%	571,6 k €	+27.0%	450 k €	+60.5%	280,3 k €	+497%	47 k €
Cash	2,2 M €	+118%	1 M €	-6.4%	1,1 M €	+44.7%	753,4 k €	-13.3%	869 k €	+64.8%	527,2 k €	+117%	242,5 k €	+154%	95,5 k €	+39.7%	68,4 k €	-41.4%	116,7 k €	-2.4%	119,5 k €	-8.0%	129,9 k €	-21.9%	166,5 k €	-12.3%	189,7 k €	+290%	48,6 k €	-51.0%	99,1 k €	-29.6%	140,8 k €		0 €
Debts	1,3 M €	+55.8%	834,7 k €	-28.8%	1,2 M €	+5.3%	1,1 M €	-2.9%	1,1 M €	-11.1%	1,3 M €	-15.2%	1,5 M €	-0.6%	1,5 M €	+84.2%	830,9 k €	+70.1%	488,4 k €	+33.9%	364,6 k €	+21.2%	300,8 k €	-14.3%	350,9 k €	-5.7%	372,1 k €	-48.3%	719,6 k €	+45.9%	493,2 k €	+146%	200,1 k €	+561%	30,3 k €
Other
Workforce	60,8 ETP	+6.7%	57,0 ETP	+4.0%	54,8 ETP	-9.6%	60,6 ETP	+3.2%	58,7 ETP	+57.4%	37,3 ETP	-2.4%	38,2 ETP	+10.4%	34,6 ETP	+32.6%	26,1 ETP	+15.0%	22,7 ETP	+9.7%	20,7 ETP	+2.5%	20,2 ETP	-1.0%	20,4 ETP	-8.9%	22,4 ETP	-26.1%	30,3 ETP	+39.0%	21,8 ETP	+36.3%	16,0 ETP	+220%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 19 ended

Active mandates

Sabe De Graef

Director · since 20 février 2024 · until 18 février 2025

Active

Jeroen Horemans

Director · since 27 juin 2023

Active

Sieghild Van den Neucker

Director · since 24 janvier 2022

Active

Bert Van den Bergh

Director · since 19 janvier 2021

Active

Paul Busschots

Director · since 17 décembre 2018

Active

Tania Dekens

Director · since 30 mai 2013

Active

Gerlinde Verbist

Director · since 25 novembre 2008

Active

Johan De Muynck

Chairman of the board of directors · since 25 novembre 2008

Active

Paul Deweer

Director · since 25 novembre 2008

Active

Ended mandates

Karine Kennis

Director · since 04 juin 2015 · until 24 janvier 2022

Ended

Karine Kennis

Director · since 04 juin 2015

Ended

Goele Custers

Director · since 30 mai 2013 · until 13 janvier 2019

Ended

Goele Custers

Director · since 30 mai 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Hydronic System Optimisation● Active	0541.792.312
MANUS ANTWERPEN● Active	0872.564.290
PX● Active	0448.317.172
TRIDELTA● Active	0644.746.033
Unifly● Active	0635.520.937

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	26/06/2026	22/07/2025	05/07/2024	03/07/2023	25/07/2022	26/07/2021
General meeting	23/06/2026	24/06/2025	24/06/2024	27/06/2023	28/06/2022	29/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	23/06/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	07/08/2018	Dutch	PDF
Abridged model	31/12/2016	23/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/04/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	23/04/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	10/08/2013	Dutch	PDF
Abridged model	31/12/2011	10/07/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	14/04/2009	18/05/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 9 active · 19 ended

Active mandates

Sabe De Graef

Director · since 20 février 2024 · until 18 février 2025

Active

Jeroen Horemans

Director · since 27 juin 2023

Active

Sieghild Van den Neucker

Director · since 24 janvier 2022

Active

Bert Van den Bergh

Director · since 19 janvier 2021

Active

Paul Busschots

Director · since 17 décembre 2018

Active

Tania Dekens

Director · since 30 mai 2013

Active

Gerlinde Verbist

Director · since 25 novembre 2008

Active

Johan De Muynck

Chairman of the board of directors · since 25 novembre 2008

Active

Paul Deweer

Director · since 25 novembre 2008

Active

Ended mandates

Karine Kennis

Director · since 04 juin 2015 · until 24 janvier 2022

Ended

Karine Kennis

Director · since 04 juin 2015

Ended

Goele Custers

Director · since 30 mai 2013 · until 13 janvier 2019

Ended

Goele Custers

Director · since 30 mai 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2020
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

2025
Annual accounts 2025600,3 k €↑
2024
Annual accounts 2024495,8 k €↑
2023
Annual accounts 2023397,5 k €↑
2022
Annual accounts 2022170,4 k €↑
2021
Annual accounts 2021136,1 k €↓
2020
Annual accounts 2020159 k €↑
2019
Annual accounts 201933,1 k €↑
2018
Annual accounts 2018-50,6 k €↓
2017
Annual accounts 20174 k €↑
2016
Annual accounts 2016-538 €↓
2015
Annual accounts 20158 k €↓
2015
Name changeMANUS
2014
Annual accounts 20148,1 k €↑
2013
Annual accounts 20134,7 k €↑
2012
Annual accounts 2012-14,6 k €↑
2012
Name changeMANUS MECHELEN
2011
Annual accounts 2011-108,7 k €↓
2010
Annual accounts 2010-73,4 k €↓
2009
Annual accounts 20097,2 k €↓
2008
Annual accounts 200816,7 k €
02/12/2008
IncorporationNon-profit organization
2008
Name changePROS

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

MANUS

Overview

What does MANUS do?

Trend over 18 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