Atelier Menzel
ActiveAtelier Menzel has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €117k and a net result of €17k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 5895 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+62
Solvency62▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.55 in 2023; short-term debt: 17.9% and cash: 14.4% of total assets), but 62.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.5%
Return on assets
5.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d late
2022
21 d early
2021
3 d early
2020
1 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€117k▲ 17.5%
2023 · €99k
2018: €40k
2019: €58k
2020: €81k
2021: €94k
2022: €113k
2023: €99k
2018 → 2024
Total assets
€312k▼ 1.7%
2023 · €317k
2018: €51k
2019: €72k
2020: €103k
2021: €138k
2022: €290k
2023: €317k
2018 → 2024
Net result
€17k
2023 · €-13k
2018: €5k
2019: €18k
2020: €24k
2021: €13k
2022: €13k
2023: €-13k
2018 → 2024
Working capital
€55k▲ 51.8%
2023 · €36k
2018: €39k
2019: €52k
2020: €64k
2021: €81k
2022: €56k
2023: €36k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€94k▲ 15.5%€113k▲ 19.6%€99k▼ 11.7%€117k▲ 17.5%
Operating result€32k-€18k▼ 43.6%€17k▼ 2.3%€-17k€11k
Net result€24k-€13k▼ 46.6%€13k▲ 1.5%€-13k€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €17k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €312k
Fixed assets
€201k▼ 6.5%
Current assets
€111k▲ 8.2%
Equity and liabilities €312k
Equity
€117k▲ 17.5%
Debt
€195k▼ 10.5%
The debt ratio falls from 68.7% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2023 · €-160
Cash flow
€36k▲
2023 · €4k
Solvency
37.5%▲
2023 · 31.3%
Current ratio
1.98▲
2023 · 1.55
Quick ratio
1.98▲
2023 · 1.55
Debt / equity
1.67▼
2023 · 2.19
ROE
14.9%▲
2023 · -13.3%
ROA
5.6%▲
2023 · -4.2%
Interest coverage
9.08▲
2023 · -0.05
Debt
€195k▼
2023 · €218k
Debt ≤ 1 year
€56k▼
2023 · €66k
Debt > 1 year
€139k▼
2023 · €152k
Income taxes
€932
Staff costs
€41k▼
2023 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€317k€312k▼
Fixed assets21/28€215k€201k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€211k€198k▼
Land and buildings22€201k€187k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€10k€11k▲
Financial fixed assets28€1k€1k▲
Current assets29/58€102k€111k▲
Amounts receivable within one year40/41€55k€62k▲
Trade receivables40€55k€61k▲
Other amounts receivable41€4€1k▲
Cash at bank and in hand54/58€22k€45k▲
Deferred charges and accrued income490/1€26k€4k▼
Equity and liabilities
Total equity and liabilities10/49€317k€312k▼
Equity10/15€99k€117k▲
Contributions10/11€19k€19k=
Reserves13€72k€77k▲
Distributable reserves133€72k€77k▲
Profit (loss) carried forward14€9k€21k▲
Amounts payable17/49€218k€195k▼
Amounts payable after more than one year17€152k€139k▼
Financial debts170/4€152k€139k▼
Amounts payable within one year42/48€66k€56k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€15k€12k▼
Taxes450/3€13k€9k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€29k€28k▼
Income statement
Code20232024
Remuneration, social security and pensions62€46k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€47k€73k▲
Operating profit (loss)9901€-17k€11k▲
Financial income75/76B€7k€11k▲
Recurring financial income75€7k€11k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-13k€18k▲
Income taxes67/77-€932
Profit (loss) for the period9904€-13k€17k▲
Profit (loss) for the period to be appropriated9905€-13k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€26k▲
Profit (loss) brought forward from the previous period14P€22k€9k▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Equity above €100kEq €117k ▲17.5%
Equity rises from €99k to €117k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-13k ▼203%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €113k ▲19.6%
5 profitable years in a row build equity to €113k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲34.2%
Operating result €32k, net result €24k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de-Gueldre 174000 LiègeGround area
204 m²
Building footprint
74 m²
Volume, LiDAR
576 m³
2 parcels, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Christoph Menzel-Architecte du paysage
since 20142.229.675.157
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62815C0331/00Z004 | Wallonia | 185 m² | 1 · 55 m² | 12.5 m · 4 fl. |
| 62063A0371/00B000 | Wallonia | 18 m² | 1 · 19 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 3,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2014
Fiscal year end31-12
Activities, NACEBEL
71113Urban planning and landscape architecture
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.