ACTIVE

MANZANA

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Financial year 2025 · closed on 30/06/2025
Net result
-53,5 k €
-82.7% YoY
Gross margin
734,6 k €
+34.4% YoY
Equity
938,7 k €
-5.4% YoY
Workforce
1,9 ETP
-17.4% YoY

What does MANZANA do?

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· main27120Manufacture of electricity distribution and control apparatus31200Manufacture of furniture77399Rental 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
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin734,6 k €546,7 k €434,2 k €383,9 k €512,6 k €446,3 k €320 k €233,3 k €218,8 k €150,5 k €298,3 k €301,5 k €192,8 k €141 k €198,7 k €103 k €60,7 k €82,2 k €48,2 k €
EBITDA588,1 k €401,6 k €258,5 k €270,8 k €408,3 k €355,5 k €234,7 k €149,7 k €145,6 k €86,8 k €235,4 k €239,1 k €136,7 k €90 k €151 k €59,5 k €18 k €49,9 k €40,1 k €
Operating result181,2 k €89,1 k €18,4 k €122,2 k €328,9 k €276,7 k €107,8 k €82,6 k €73,1 k €12,3 k €162,1 k €169,3 k €71,5 k €35,7 k €97,6 k €-10 k €-3,6 k €33,7 k €-5,8 k €
Net result-53,5 k €-29,3 k €3,7 k €63,9 k €287,6 k €230,1 k €90,6 k €61,6 k €44,9 k €-7,5 k €104,6 k €104,8 k €41,5 k €37,3 k €55,2 k €-26,1 k €-17,9 k €14,6 k €-18,3 k €
Balance sheet
Equity938,7 k €992,3 k €1 M €1 M €1,1 M €774,4 k €544,3 k €453,7 k €392,1 k €347,1 k €354,7 k €250,1 k €145,3 k €110,8 k €80,5 k €32,3 k €65,3 k €55,3 k €28,3 k €
Total assets8,6 M €8 M €7,4 M €6,4 M €2,9 M €2 M €1,9 M €1 M €1,1 M €1 M €1,1 M €1,2 M €1,1 M €1 M €1,3 M €1,1 M €523,7 k €552,5 k €355,3 k €
Cash41,1 k €23,8 k €71,3 k €69,3 k €235,1 k €59,6 k €103,1 k €59,1 k €110,5 k €45,7 k €94,1 k €169,7 k €46,2 k €33,3 k €4,8 k €130,1 k €22,1 k €2 k €5,8 k €
Debts7,7 M €7 M €6,4 M €5,3 M €1,9 M €1,2 M €1,3 M €569,6 k €686,7 k €684,8 k €776,3 k €942,3 k €982,5 k €908,6 k €1,2 M €1,1 M €458 k €495,8 k €327 k €
Other
Workforce1,9 ETP2,3 ETP1,9 ETP1,9 ETP1,5 ETP1,5 ETP1,5 ETP1,5 ETP–1,3 ETP1,3 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,2 ETP1,0 ETP0,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

Sandra Maes

Director · since 01 janvier 2019

Active
Nikolaas Arnout

Director · since 05 avril 2005

Active

Ended mandates

Sandra Maes

Manager · since 01 janvier 2019

Ended
Nikolaas Arnout

Manager · since 05 avril 2005

Ended
At this address

Other companies at this address

CompanyCBE no.
INVERNO● Active
0505.942.102
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/01/202611/01/202531/01/202431/01/202328/01/202229/01/2021
General meeting04/12/202506/12/202407/12/202301/12/202202/12/202103/12/2020
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202504/12/202514/01/2026DutchPDF
Abridged model30/06/202406/12/202411/01/2025DutchPDF
Abridged model30/06/202307/12/202331/01/2024DutchPDF
Abridged model30/06/202201/12/202231/01/2023DutchPDF
Abridged model30/06/202102/12/202128/01/2022DutchPDF
Abridged model30/06/202003/12/202029/01/2021DutchPDF
Abridged model30/06/201905/12/201931/01/2020DutchPDF
Abridged model30/06/201806/12/201831/01/2019DutchPDF
Micro model30/06/201707/12/201730/01/2018DutchPDF
Abridged model30/06/201601/12/201631/01/2017DutchPDF
Abridged model30/06/201503/12/201513/01/2016DutchPDF
Abridged model30/06/201404/12/201414/01/2015DutchPDF
Abridged model30/06/201305/12/201314/02/2014DutchPDF
Abridged model30/06/201206/12/201213/02/2013DutchPDF
Abridged model30/06/201101/12/201120/02/2012DutchPDF
Abridged modelCorrection30/06/201012/05/201101/06/2011DutchPDF
Abridged model30/06/201010/02/201121/02/2011DutchPDF
Abridged model30/06/200925/02/201015/03/2010DutchPDF
Abridged model30/06/200805/01/200910/02/2009DutchPDF
Abridged model30/06/200706/12/200724/07/2008DutchPDF
Abridged model30/06/200607/12/200605/01/2007DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

Sandra Maes

Director · since 01 janvier 2019

Active
Nikolaas Arnout

Director · since 05 avril 2005

Active

Ended mandates

Sandra Maes

Manager · since 01 janvier 2019

Ended
Nikolaas Arnout

Manager · since 05 avril 2005

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025-53,5 k €↓
  2. 2024
    Annual accounts 2024-29,3 k €↓
  3. 2023
    Annual accounts 20233,7 k €↓
  4. 2022
    Annual accounts 202263,9 k €↓
  5. 2021
    Annual accounts 2021287,6 k €↑
  6. 2020
    Annual accounts 2020230,1 k €↑
  7. 2019
    Annual accounts 201990,6 k €↑
  8. 2018
    Annual accounts 201861,6 k €↑
  9. 2017
    Annual accounts 201744,9 k €↑
  10. 2016
    Annual accounts 2016-7,5 k €↓
  11. 2015
    Annual accounts 2015104,6 k €↓
  12. 2014
    Annual accounts 2014104,8 k €↑
  13. 2013
    Annual accounts 201341,5 k €↑
  14. 2012
    Annual accounts 201237,3 k €↓
  15. 2011
    Annual accounts 201155,2 k €↑
  16. 2010
    Annual accounts 2010-26,1 k €↓
  17. 2009
    Annual accounts 2009-17,9 k €↓
  18. 2008
    Annual accounts 200814,6 k €↑
  19. 2007
    Annual accounts 2007-18,3 k €
  20. 05/04/2005
    IncorporationPrivate limited company