ACTIVE

MANORECO

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Financial year 2025 · closed on 30/06/2025

Net result

33,2 k €

+70.7% YoY

Gross margin

67,8 k €

+18.6% YoY

Equity

137,9 k €

+10.6% YoY

What does MANORECO do?

MANORECO is a Private limited company incorporated in 2008. Its registered office is in Braine-le-Comte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.335.302

Incorporation

11/07/2008

Legal form

Private limited company

Registered office

Rue Flinchaux 1
7090 Braine-le-Comte · WallonieSee on map

Contributed capital

99 925,42 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	67,8 k €	+18.6%	57,2 k €	+61.4%	35,4 k €	-18.0%	43,2 k €	+424%	8,2 k €	+453%	1,5 k €	+182%	-1,8 k €	-127%	6,7 k €	-54.7%	14,7 k €	-32.4%	21,7 k €	+102%	10,8 k €	-26.6%	14,7 k €	-19.6%	18,2 k €	-8.5%	19,9 k €	-15.9%	23,7 k €	+3.7%	22,9 k €	+738%	-3,6 k €
EBITDA	65,9 k €	+32.1%	49,9 k €	+44.3%	34,6 k €	-9.6%	38,2 k €	+555%	5,8 k €	+521%	939,5 €	+135%	-2,7 k €	-141%	6,5 k €	-53.5%	14 k €	-33.7%	21,1 k €	+119%	9,6 k €	-25.5%	12,9 k €	-25.1%	17,2 k €	-8.4%	18,8 k €	-16.9%	22,6 k €	+1.4%	22,3 k €	+602%	-4,4 k €
Operating result	53,3 k €	+47.1%	36,3 k €	+35.4%	26,8 k €	-21.4%	34,1 k €	+1266%	2,5 k €	+378%	-896 €	+78.2%	-4,1 k €	-170%	5,8 k €	-55.5%	13,1 k €	-34.0%	19,9 k €	+729%	2,4 k €	-51.7%	5 k €	-14.4%	5,8 k €	-31.3%	8,5 k €	-30.7%	12,2 k €	-23.8%	16 k €	+245%	-11 k €
Net result	33,2 k €	+70.7%	19,5 k €	+18.2%	16,5 k €	-31.2%	23,9 k €	+3176%	-778,4 €	-210%	708,8 €	+116%	-4,5 k €	-919%	546,4 €	-89.8%	5,3 k €	-45.5%	9,8 k €	+260%	-6,1 k €	-1015%	-547 €	+45.3%	-1 k €	-471%	-175 €	-107%	2,5 k €	-78.5%	11,6 k €	+199%	-11,7 k €
Balance sheet
Equity	137,9 k €	+10.6%	124,7 k €	-2.7%	128,1 k €	+5.4%	121,6 k €	+16.1%	104,7 k €	-0.7%	105,5 k €	+0.7%	104,8 k €	-4.1%	109,2 k €	+0.5%	108,7 k €	+5.2%	103,4 k €	+10.4%	93,6 k €	-6.1%	99,7 k €	-0.5%	100,2 k €	-1.0%	101,2 k €	-0.2%	101,4 k €	+2.5%	98,9 k €	+197%	33,3 k €
Total assets	200,7 k €	-6.9%	215,4 k €	-10.2%	240 k €	+14.0%	210,6 k €	+4.8%	200,9 k €	+1.2%	198,6 k €	-1.1%	200,8 k €	+0.8%	199,1 k €	+0.3%	198,6 k €	+1.6%	195,4 k €	-1.3%	198 k €	-4.7%	207,8 k €	-2.3%	212,6 k €	-4.2%	221,8 k €	-4.3%	231,8 k €	+9.8%	211 k €	-9.1%	232,1 k €
Cash	787,9 €	-67.9%	2,5 k €	-79.6%	12 k €	+618%	1,7 k €	-8.0%	1,8 k €	-54.5%	4 k €	+99.0%	2 k €	-29.5%	2,9 k €	-47.6%	5,5 k €	+149%	2,2 k €	+19.0%	1,8 k €	-59.2%	4,5 k €	+22.4%	3,7 k €	-29.7%	5,2 k €	+6.6%	4,9 k €	+172%	1,8 k €	-70.2%	6,1 k €
Debts	62,8 k €	-30.2%	90 k €	-17.8%	109,4 k €	+26.4%	86,6 k €	-7.3%	93,3 k €	+3.5%	90,2 k €	-6.1%	96 k €	+6.9%	89,9 k €	+0.0%	89,9 k €	-2.4%	92,1 k €	-11.8%	104,4 k €	-3.4%	108,1 k €	-3.7%	112,2 k €	-7.0%	120,6 k €	-4.1%	125,8 k €	+15.3%	109,1 k €	-45.1%	198,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 4 ended

Active mandates

GUERTECHIN ARNAUD LINARD DE

Director

Active

Ended mandates

Arnaud-Marie LINARD de GUERTECHIN

Manager · since 11 juillet 2008

Ended

ARNAUD LINARD DE GUERTECHIN

Director

Ended

ARNAUD LINARD DE GUERTECHIN

Manager

Ended

Arnaud-Marie LINARD DE GUERTECHIN

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	19/12/2025	23/12/2024	25/09/2023	30/12/2022	17/12/2021	18/12/2020
General meeting	19/12/2025	20/12/2024	22/09/2023	25/11/2022	26/11/2021	26/11/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/12/2025	19/12/2025	French	PDF
Micro model	30/06/2024	20/12/2024	23/12/2024	French	PDF
Micro model	30/06/2023	22/09/2023	25/09/2023	French	PDF
Micro model	30/06/2022	25/11/2022	30/12/2022	French	PDF
Micro model	30/06/2021	26/11/2021	17/12/2021	French	PDF
Micro model	30/06/2020	26/11/2020	18/12/2020	French	PDF
Micro model	30/06/2019	22/11/2019	19/12/2019	French	PDF
Micro model	30/06/2018	23/11/2018	21/12/2018	French	PDF
Micro model	30/06/2017	24/11/2017	12/01/2018	French	PDF
Abridged model	30/06/2016	27/01/2017	31/01/2017	French	PDF
Abridged model	30/06/2015	26/12/2015	04/02/2016	French	PDF
Abridged model	30/06/2014	26/12/2014	30/01/2015	French	PDF
Abridged model	30/06/2013	27/12/2013	31/01/2014	French	PDF
Abridged model	30/06/2012	31/12/2012	31/01/2013	French	PDF
Abridged model	30/06/2011	25/11/2011	31/01/2012	French	PDF
Abridged model	30/06/2010	26/11/2010	31/01/2011	French	PDF
Abridged model	30/06/2009	27/11/2009	29/01/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 4 ended

Active mandates

GUERTECHIN ARNAUD LINARD DE

Director

Active

Ended mandates

Arnaud-Marie LINARD de GUERTECHIN

Manager · since 11 juillet 2008

Ended

ARNAUD LINARD DE GUERTECHIN

Director

Ended

ARNAUD LINARD DE GUERTECHIN

Manager

Ended

Arnaud-Marie LINARD DE GUERTECHIN

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202533,2 k €↑
2024
Annual accounts 202419,5 k €↑
2023
Annual accounts 202316,5 k €↓
2022
Annual accounts 202223,9 k €↑
2021
Annual accounts 2021-778,4 €↓
2020
Annual accounts 2020708,8 €↑
2019
Annual accounts 2019-4,5 k €↓
2018
Annual accounts 2018546,4 €↓
2017
Annual accounts 20175,3 k €↓
2016
Annual accounts 20169,8 k €↑
2015
Annual accounts 2015-6,1 k €↓
2014
Annual accounts 2014-547 €↑
2013
Annual accounts 2013-1 k €↓
2012
Annual accounts 2012-175 €↓
2011
Annual accounts 20112,5 k €↓
2010
Annual accounts 201011,6 k €↑
2009
Annual accounts 2009-11,7 k €
11/07/2008
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

MANORECO

Overview

What does MANORECO do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline