Equity
€7,214 from €83,409 in 2013
Equity fell by 91% in 12 years.
MENGAL
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €68,330 (2016)
€8,265▼ 77.3%
lowest -€64,574 (2014)
-€17,791▼ €9,000
peak €83,409 (2013)
€7,214▼ 71.2%
€58,943▲ 3.5%
peak 1.3 FTE (2019)
-not published
Board1 name since 2019
1 directorPierre MENGAL
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €36,377 to €8,265Loss of €17,791Equity from €25,005 to €7,214
Key points
from the 2025 annual accountsLosses
-€26,582 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €45,000 estimated
The micro format states no turnover.
Debts
€58,943 89% of the balance sheet
Financial debts 16%Suppliers 30%Taxes and wages 11%Other 43%
Of this, €49,376 falls due within a year.
Filings
24 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€17,791
Lower net result than 92% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Checked score
53
Fair
Financially stronger than 11% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.5 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 0.9%▼ -0.1 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Loss of €17,791, the second in a row (financial year 2025)
lowers risk
Size: total assets €66,157
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 17% of them on solvency, 7% on liquidity, 11% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,221 companies had the same profile as MENGAL has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MENGAL itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for MENGAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.52 (0.63 in 2024), below 1. Short-term debt is 74.6% and cash 7.2% of total assets. 89.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,791
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
46 days late
2023
53 days late
2022
32 days late
2021
23 days late
2020
31 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477515459
Merger: ACTIVE UP takes over 303% MEDIA
Company renamed from ACTIVE UP to MENGAL · Resignation: MENGAL, Pierre André (manager) · Reappointment: MENGAL, Pierre André (director) · General meeting of 20-12-2019 · Gazette deed
Merger proposal: SPRL ACTIVE UP takes over SPRL 303% MEDIA
The company holds all the shares of SPRL 303% MEDIA · Gazette deed
First establishment
Rue de la Haie Monseu 3, Nandrin
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MENGAL Nandrin | €66,157 | €8,265 | 10.9% | - |
| H2O SOFTWARE Antwerp | €65,027 | €8,328 | 46.7% | - |
| XENIT Hove | €80,447 | €7,634 | 92.4% | - |
| S.A.I.L. Bastogne | €65,719 | €9,578 | 95.3% | - |
| DOMO INDUS Binche | €65,082 | €7,460 | 71.7% | - |
| 2Collect Hulshout | €60,731 | €10,314 | 84.2% | - |
| PROSARES Mechelen | €51,632 | €11,204 | 78.8% | - |
These companies have the same main activity as MENGAL: computer programming (NACE 62100). They are comparable in size and age: total assets between €51,600 and €80,400, founded between 1994 and 2003.
Official details
Source: KBO- Status
- Active since 10-05-2002Normal situation
- Activity
- Computer programmingNACE 62100and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.093.432.6204550 Nandrin, since 23-05-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 21-05-2025
Insights on MENGAL
MENGAL files the micro format. That format states no turnover. The gross margin fell from €43,259 in 2006 to €8,265 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MENGAL
- What is the company number of MENGAL?
- The company number of MENGAL is 0477.515.459. The VAT number is the same number with BE in front: BE 0477.515.459.
- Where is MENGAL based?
- The registered office is at Rue de la Haie Monseu 3, 4550 Nandrin.Company details
- What does MENGAL do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of MENGAL?
- MENGAL is a private limited company (BV).
- When was MENGAL founded?
- MENGAL was founded on 10-05-2002.
- Is MENGAL still active?
- Yes, MENGAL is an active enterprise in the KBO register.
- How many employees does MENGAL have?
- MENGAL had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MENGAL fall under?
- In its 2025 annual accounts, MENGAL states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of MENGAL?
- The turnover in financial year 2025 is ≈ €45,000. This figure is estimated from the gross margin of €8,265 and 53 comparable companies (NACE 62100). It probably lies between €24,000 and €86,000. It is a rough estimate.
- Is MENGAL profitable?
- In financial year 2025, MENGAL made a loss of €17,791.
- Where can I find the annual accounts of MENGAL?
- MENGAL filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MENGAL due?
- MENGAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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