ACTIVE

MANATEE

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Financial year 2024 · closed on 31/12/2024

Net result

199,7 k €

-18.8% YoY

Revenue

495,0 k €

-17.5% YoY

Equity

4,0 M €

+5.2% YoY

Workforce

0,5 ETP

0.0% YoY

What does MANATEE do?

MANATEE is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.981.935

Incorporation

27/08/2008

Legal form

Private limited company

Registered office

Rue de la Croix 54
1050 Ixelles · BruxellesSee on map

Contributed capital

3 020 460,00 €

Latest accounts

31/12/2024

Average workforce

0,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 69201Accounting, bookkeeping and auditing activities; tax consultancy 69209Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	495,0 k €	-17.5%	600,0 k €	+36.4%	439,9 k €	+62.9%	270,1 k €	-16.3%	322,8 k €	-16.4%	386,2 k €	+20.6%	320,2 k €	+51.6%	211,2 k €	+0.5%	210,1 k €	-0.2%	210,6 k €	-0.2%	211,1 k €	+1.6%	207,7 k €	+5.5%	196,8 k €	+3.3%	190,6 k €	-0.1%	190,7 k €	-24.7%	253,2 k €
EBITDA	383,0 k €	-19.1%	473,3 k €	+76.6%	268,0 k €	+104%	131,6 k €	-36.8%	208,2 k €	-17.5%	252,3 k €	+32.5%	190,4 k €	+60.9%	118,3 k €	-22.0%	151,8 k €	+0.6%	151,0 k €	+12.2%	134,6 k €	-12.0%	152,9 k €	+6.9%	143,0 k €	+33.8%	106,9 k €	-2.3%	109,5 k €	-24.3%	144,6 k €
Operating result	383,0 k €	-18.7%	471,1 k €	+77.2%	265,8 k €	+119%	121,5 k €	-38.5%	197,8 k €	-18.3%	242,2 k €	+34.1%	180,5 k €	+52.5%	118,3 k €	-15.5%	140,0 k €	+2.5%	136,7 k €	+13.8%	120,1 k €	-13.2%	138,4 k €	+7.6%	128,6 k €	+23.1%	104,5 k €	-4.3%	109,1 k €	-24.1%	143,8 k €
Net result	199,7 k €	-18.8%	246,0 k €	+64.2%	149,8 k €	+39849%	375,0 €	-99.1%	42,6 k €	-20.8%	53,8 k €	-20.1%	67,3 k €	-22.9%	87,3 k €	-13.2%	100,6 k €	+1.7%	98,9 k €	+15.4%	85,7 k €	-10.9%	96,2 k €	+9.2%	88,1 k €	+32.1%	66,7 k €	-2.0%	68,0 k €	-26.9%	93,1 k €
Balance sheet
Equity	4,0 M €	+5.2%	3,8 M €	+6.9%	3,6 M €	+4.4%	3,4 M €	+689%	435,4 k €	+10.8%	392,8 k €	+15.9%	339,0 k €	+24.7%	271,8 k €	+23.3%	220,5 k €	0.0%	220,5 k €	0.0%	220,5 k €	+20.6%	182,8 k €	+35.8%	134,6 k €	+47.7%	91,1 k €	+660%	12,0 k €	+20.2%	10,0 k €
Total assets	8,6 M €	+0.1%	8,6 M €	-0.2%	8,6 M €	+74.8%	4,9 M €	-2.1%	5,0 M €	+2.2%	4,9 M €	-0.4%	4,9 M €	+983%	455,2 k €	-13.5%	526,0 k €	+10.0%	478,1 k €	-0.1%	478,8 k €	+13.9%	420,3 k €	+78.4%	235,7 k €	+45.4%	162,1 k €	+90.1%	85,3 k €	-15.6%	101,0 k €
Cash	1,0 M €	-0.6%	1,1 M €	-1.3%	1,1 M €	+5.1%	1,0 M €	-0.4%	1,0 M €	-0.0%	1,0 M €	-1.0%	1,0 M €	+5340%	18,9 k €	-65.8%	55,5 k €	-38.3%	89,9 k €	+164%	34,1 k €	+21.9%	27,9 k €		–		–		–		–
Debts	4,6 M €	-4.0%	4,7 M €	-5.1%	5,0 M €	+238%	1,5 M €	-67.8%	4,6 M €	+1.4%	4,5 M €	-1.6%	4,6 M €	+2402%	183,4 k €	-40.0%	305,6 k €	+18.6%	257,6 k €	-0.3%	258,4 k €	+8.8%	237,5 k €	+135%	101,1 k €	+42.4%	71,0 k €	-3.1%	73,3 k €	-19.5%	91,0 k €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		0,2 ETP	0.0%	0,2 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Patrick Wolf

Mandate

Active

Ended mandates

Patrick Wolf

Manager · since 21 août 2008

Ended

At this address

Other companies at this address

Company	CBE no.
CDB Management● Active	0803.503.755
THOLIS● Active	1016.631.264

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/09/2025	13/08/2024	05/09/2023	30/08/2022	29/08/2021	25/09/2020
General meeting	02/06/2025	01/06/2024	01/06/2023	15/02/2022	01/06/2021	01/06/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	02/06/2025	25/09/2025	French	PDF
Abridged model	31/12/2023	01/06/2024	13/08/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	05/09/2023	French	PDF
Abridged model	31/12/2021	15/02/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	29/08/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	25/09/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	20/06/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	22/06/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	21/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	15/06/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	07/06/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	23/06/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 1 ended

Active mandates

Patrick Wolf

Mandate

Active

Ended mandates

Patrick Wolf

Manager · since 21 août 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/09/2026
SIEGE
PDF
Mandates06/01/2022
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office12/10/2020
SIEGE SOCIAL
PDF
Other04/09/2008
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

2024
Annual accounts 2024199,7 k €↓
2023
Annual accounts 2023246,0 k €↑
2022
Annual accounts 2022149,8 k €↑
2021
Annual accounts 2021375,0 €↓
2020
Annual accounts 202042,6 k €↓
2019
Annual accounts 201953,8 k €↓
2018
Annual accounts 201867,3 k €↓
2017
Annual accounts 201787,3 k €↓
2016
Annual accounts 2016100,6 k €↑
2015
Annual accounts 201598,9 k €↑
2014
Annual accounts 201485,7 k €↓
2013
Annual accounts 201396,2 k €↑
2012
Annual accounts 201288,1 k €↑
2011
Annual accounts 201166,7 k €↓
2010
Annual accounts 201068,0 k €↓
2009
Annual accounts 200993,1 k €
27/08/2008
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

MANATEE

Overview

What does MANATEE do?

Trend over 16 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