ACTIVE

MANALI

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 k €

-38.8% YoY

Gross margin

-1,1 k €

-38.8% YoY

Equity

-194,5 k €

-0.6% YoY

What does MANALI do?

MANALI is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.143.743

Incorporation

05/05/2006

Legal form

Private limited company

Registered office

Rue Neuve 123 box 333
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main

Joint committees (1)

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-1,1 k €	-38.8%	-773 €	+59.8%	-1,9 k €	+9.1%	-2,1 k €	-67.2%	-1,3 k €	-39.7%	-906 €		–		–		-155,7 €	-1.3%	-153,6 €	+79.8%	-760,4 €	-104%	17,8 k €	+50975%	-35 €	-102%	2,2 k €	-98.2%	122,1 k €	-46.2%	227 k €	+93.5%	117,3 k €	+8.7%	107,9 k €	+1862%	-6,1 k €
EBITDA	-1,1 k €	-38.8%	-773 €	+66.4%	-2,3 k €	+7.2%	-2,5 k €	-53.4%	-1,6 k €	-78.0%	-906 €		–		–		-683,2 €	+37.1%	-1,1 k €	-25.3%	-867,2 €	-105%	17,4 k €	+1529%	-1,2 k €	-214%	1,1 k €	-95.0%	21,2 k €	+129%	-72,9 k €	-4.0%	-70,1 k €	-878%	-7,2 k €	+90.2%	-72,9 k €
Operating result	-1,1 k €	-38.8%	-773 €	+66.4%	-2,3 k €	+7.2%	-2,5 k €	-53.4%	-1,6 k €	-78.0%	-906 €		–		–		-683,2 €	+37.1%	-1,1 k €	-25.3%	-867,2 €	-105%	17,2 k €	+1353%	-1,4 k €	-301%	684,1 €	-96.6%	20,4 k €	+128%	-73,7 k €	-4.2%	-70,7 k €	-806%	-7,8 k €	+89.3%	-73,3 k €
Net result	-1,1 k €	-38.8%	-773 €	+66.4%	-2,3 k €	+11.1%	-2,6 k €	-60.2%	-1,6 k €	-69.6%	-951 €		–		–		-683,2 €	+37.1%	-1,1 k €	-23.6%	-879,2 €	-105%	17,1 k €	+1269%	-1,5 k €	+71.1%	-5,1 k €	-127%	18,9 k €	+125%	-75,7 k €	-5.2%	-71,9 k €	-738%	-8,6 k €	+88.5%	-74,4 k €
Balance sheet
Equity	-194,5 k €	-0.6%	-193,4 k €	-0.4%	-192,7 k €	-1.2%	-190,4 k €	-1.4%	-187,8 k €	-0.9%	-186,2 k €	-0.5%	-185,2 k €	0.0%	-185,2 k €	+0.0%	-185,2 k €	-0.4%	-184,5 k €	-0.6%	-183,5 k €	-0.5%	-182,6 k €	+8.6%	-199,7 k €	-0.7%	-198,2 k €	-2.6%	-193,2 k €	+8.9%	-212 k €	-55.5%	-136,3 k €	-112%	-64,4 k €	-15.4%	-55,8 k €
Total assets	225 €		–		968 €	0.0%	968 €	-16.1%	1,2 k €	+2859%	39 €	-53.6%	84 €	0.0%	84 €	+0.3%	83,7 €	-83.5%	508,4 €	+27.9%	397,4 €	-49.0%	779,1 €	-66.3%	2,3 k €	-2.3%	2,4 k €	-10.4%	2,6 k €	-54.6%	5,8 k €	+12.9%	5,2 k €	+6.3%	4,8 k €	-90.7%	51,9 k €
Cash	–		–		–		–		39 €	0.0%	39 €		–		84 €	+0.3%	83,7 €	-72.3%	302,2 €	+58.0%	191,2 €	-68.1%	599,1 €	-68.2%	1,9 k €	+1212%	143,5 €	-66.3%	426,1 €	-66.9%	1,3 k €	+145%	525,3 €	-28.7%	736,9 €	+11.4%	661,6 €
Debts	194,7 k €	+0.7%	193,4 k €	-0.1%	193,6 k €	+1.2%	191,3 k €	+1.3%	188,9 k €	+1.5%	186,2 k €	+0.5%	185,3 k €	0.0%	185,3 k €	+0.0%	185,3 k €	+0.1%	185,1 k €	+0.7%	183,9 k €	+0.3%	183,4 k €	-9.2%	202 k €	+0.7%	200,6 k €	+2.4%	195,8 k €	-10.1%	217,8 k €	+54.0%	141,5 k €	+104%	69,2 k €	-35.7%	107,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		6,4 ETP	-30.4%	9,2 ETP	+61.4%	5,7 ETP	+46.2%	3,9 ETP	+85.7%	2,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

ALIYA BANDALI

Administrator - manager · since 01 mai 2006

Active

Ended mandates

ALIYA BANDALI

Administrator - manager · since 01 mai 2006 · until 30 avril 2011

Ended

MANESIA BANDALI

Director · since 01 mai 2006

Ended

ALIYA BANDALI

Managing director

Ended

ALIYA BANDALI

Administrator - manager

Ended

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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	01/05/2023	01/05/2022	01/05/2021	01/05/2020	01/05/2019
Closing of the financial year	31/12/2025	31/12/2024	30/04/2023	30/04/2022	30/04/2021	30/04/2020
Length of the financial year	12 months	20 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	29/08/2025	08/11/2023	30/11/2022	15/11/2021	01/12/2020
General meeting	01/06/2026	02/06/2025	30/10/2023	30/10/2022	30/10/2021	30/10/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	22/07/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	29/08/2025	French	PDF
Abridged model	30/04/2023	30/10/2023	08/11/2023	French	PDF
Abridged model	30/04/2022	30/10/2022	30/11/2022	French	PDF
Abridged model	30/04/2021	30/10/2021	15/11/2021	French	PDF
Abridged model	30/04/2020	30/10/2020	01/12/2020	French	PDF
Abridged model	30/04/2019	30/10/2019	06/01/2020	French	PDF
Abridged model	30/04/2018	19/10/2018	08/02/2019	French	PDF
Micro model	30/04/2017	20/10/2017	27/02/2018	French	PDF
Abridged model	30/04/2016	21/10/2016	22/12/2016	French	PDF
Abridged model	30/04/2015	30/10/2015	02/11/2015	French	PDF
Abridged model	30/04/2014	30/10/2014	31/10/2014	French	PDF
Abridged model	30/04/2013	30/10/2013	18/11/2013	French	PDF
Abridged model	30/04/2012	30/10/2012	06/11/2012	French	PDF
Abridged model	30/04/2011	31/10/2011	17/11/2011	French	PDF
Abridged model	30/04/2010	30/10/2010	30/11/2010	French	PDF
Abridged model	30/04/2009	30/10/2009	25/02/2010	French	PDF
Abridged model	30/04/2008	30/10/2008	31/03/2009	French	PDF
Abridged model	30/04/2007	30/10/2007	21/12/2007	French	PDF

Estimate

Indicative valuation

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 · 1 active · 5 ended

Active mandates

ALIYA BANDALI

Administrator - manager · since 01 mai 2006

Active

Ended mandates

ALIYA BANDALI

Administrator - manager · since 01 mai 2006 · until 30 avril 2011

Ended

MANESIA BANDALI

Director · since 01 mai 2006

Ended

ALIYA BANDALI

Managing director

Ended

ALIYA BANDALI

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office06/11/2023
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Registered office07/12/2020
SIEGE SOCIAL
PDF
Registered office22/03/2018
SIEGE SOCIAL
PDF
Other16/05/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-1,1 k €↓
2024
Annual accounts 2024-773 €↑
2023
Annual accounts 2023-2,3 k €↑
2022
Annual accounts 2022-2,6 k €↓
2021
Annual accounts 2021-1,6 k €↓
2020
Annual accounts 2020-951 €↓
2019
Annual accounts 2019
2018
Annual accounts 2018
2017
Annual accounts 2017-683,2 €↑
2016
Annual accounts 2016-1,1 k €↓
2015
Annual accounts 2015-879,2 €↓
2014
Annual accounts 201417,1 k €↑
2013
Annual accounts 2013-1,5 k €↑
2012
Annual accounts 2012-5,1 k €↓
2011
Annual accounts 201118,9 k €↑
2010
Annual accounts 2010-75,7 k €↓
2009
Annual accounts 2009-71,9 k €↓
2008
Annual accounts 2008-8,6 k €↑
2007
Annual accounts 2007-74,4 k €
05/05/2006
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

MANALI

Overview

What does MANALI do?

Trend over 19 financial years

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