ACTIVE

MANZANA

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Financial year 2025 · Closed on 30/06/2025

Net result-53,5 k €-82,7 %over 1 year

Gross margin734,6 k €+34,4 %over 1 year

Equity938,7 k €-5,4 %over 1 year

Workforce1,9 ETP-17,4 %over 1 year

Identity

Source · BCE/KBO

MANZANA is a Private limited company incorporated in 2005. Its main activity is: Manufacture of electricity distribution and control apparatus. Its registered office is in Gent. It employs on average 1,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0873.068.096
Incorporation: 05/04/2005
Legal form: Private limited company
Registered office: Frans Halslaan 5
9051 Gent · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025
Average workforce: 1,9 ETP

Activities (NACE)

27120Manufacture of electricity distribution and control apparatus· main 27120Manufacture of electricity distribution and control apparatus 31200Manufacture of furniture 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.70200Management consultancy activities+2

Joint committees (4)

100
14901
200
218

Signals

Positive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	734,6 k €	+34.4%	546,7 k €	+25.9%	434,2 k €	+13.1%	383,9 k €	-25.1%	512,6 k €
EBITDA	588,1 k €	+46.4%	401,6 k €	+55.4%	258,5 k €	-4.5%	270,8 k €	-33.7%	408,3 k €
Operating result	181,2 k €	+103%	89,1 k €	+384%	18,4 k €	-84.9%	122,2 k €	-62.8%	328,9 k €
Net result	-53,5 k €	-82.7%	-29,3 k €	-897%	3,7 k €	-94.2%	63,9 k €	-77.8%	287,6 k €
Balance sheet
Equity	938,7 k €	-5.4%	992,3 k €	-2.9%	1 M €	+0.4%	1 M €	-4.2%	1,1 M €
Total assets	8,6 M €	+7.5%	8 M €	+7.9%	7,4 M €	+16.5%	6,4 M €	+117%	2,9 M €
Cash	41,1 k €	+72.9%	23,8 k €	-66.7%	71,3 k €	+2.8%	69,3 k €	-70.5%	235,1 k €
Debts	7,7 M €	+9.5%	7 M €	+9.5%	6,4 M €	+19.6%	5,3 M €	+187%	1,9 M €
Other
Workforce	1,9 ETP	-17.4%	2,3 ETP	+21.1%	1,9 ETP	0.0%	1,9 ETP	+26.7%	1,5 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 30/06/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sandra Maes	Directorsince 01/01/2019Manager01/01/2019 → 2019 accountsended
Nikolaas Arnout	Directorsince 05/04/2005Manager05/04/2005 → 2019 accountsended

Other companies at this address

Frans Halslaan 5 9051 Gent

Company	CBE no.
INVERNO● Active	0505.942.102

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/01/2026	11/01/2025	31/01/2024	31/01/2023	28/01/2022	29/01/2021
General meeting	04/12/2025	06/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	04/12/2025	14/01/2026	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	11/01/2025	Dutch	PDF
Abridged model	30/06/2023	07/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	01/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	02/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	03/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	07/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	13/01/2016	Dutch	PDF
Abridged model	30/06/2014	04/12/2014	14/01/2015	Dutch	PDF
Abridged model	30/06/2013	05/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	06/12/2012	13/02/2013	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	20/02/2012	Dutch	PDF
Abridged modelCorrection	30/06/2010	12/05/2011	01/06/2011	Dutch	PDF
Abridged model	30/06/2010	10/02/2011	21/02/2011	Dutch	PDF
Abridged model	30/06/2009	25/02/2010	15/03/2010	Dutch	PDF
Abridged model	30/06/2008	05/01/2009	10/02/2009	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	24/07/2008	Dutch	PDF
Abridged model	30/06/2006	07/12/2006	05/01/2007	Dutch	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 30/06/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sandra Maes	Directorsince 01/01/2019Manager01/01/2019 → 2019 accountsended
Nikolaas Arnout	Directorsince 05/04/2005Manager05/04/2005 → 2019 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring02/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/09/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/02/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/04/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other18/04/2005
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

Filings19 filings

Mandates

Sandra Maes

Nikolaas Arnout

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MANZANA

Frans Halslaan 5, 9051 Sint-Denijs-Westrem

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Frans Halslaan 5, 9051 Sint-Denijs-WestremCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00007335

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MANZANACurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00007335

Events

2025
Annual accounts 2025-53,5 k €↓
2024
Annual accounts 2024-29,3 k €↓
2023
Annual accounts 20233,7 k €↓
2022
Annual accounts 202263,9 k €↓
2021
Annual accounts 2021287,6 k €↑
2020
Annual accounts 2020230,1 k €↑
2019
Annual accounts 201990,6 k €↑
2018
Annual accounts 201861,6 k €↑
2017
Annual accounts 201744,9 k €↑
2016
Annual accounts 2016-7,5 k €↓
2015
Annual accounts 2015104,6 k €↓
2014
Annual accounts 2014104,8 k €↑
2013
Annual accounts 201341,5 k €↑
2012
Annual accounts 201237,3 k €↓
2011
Annual accounts 201155,2 k €↑
2010
Annual accounts 2010-26,1 k €↓
2009
Annual accounts 2009-17,9 k €↓
2008
Annual accounts 200814,6 k €↑
2007
Annual accounts 2007-18,3 k €
05/04/2005
IncorporationPrivate limited company

MANZANA

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