Checked.be
Active
BE 0826.162.262Private limited company
M.E.N. Vision
Hoge-Valweg 46 ·3520 Zonhoven, Belgium· 16 yrs active
Sector: Retail sale of prescription glasses, lenses and sunglasses
(47742)
Conclusion
M.E.N. Vision has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200k and a net result of €10k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 49% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €200k |
| Net result | €10k |
| Better than sector | 49% |
| Active | 16 yrs |
Financial profile
60
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
49
Profitability
25
Solvency
49
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
49
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
56
2021
30
2022
64
2023
49
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.58 (< 1.0)
-10
Quick ratio
Quick ratio 0.58 (< 0.6)
-5
Leverage
Debt/equity 1.65 (< 2.0)
+3
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 6.9× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 07-01-2026 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.8% | 38.5% | |
| Net result | €10k | €44k | |
| Equity | €200k | €332k | |
| Gross operating margin | €31k | €266k | |
| Total assets | €531k | €937k |
€28k
-54.6%
21-24
€10k
-76.0%
21-24
€20k
-61.7%
21-24
€531k
-3.4%
21-24
€200k
+5.3%
21-24
€-48k
+6.2%
21-24
€4k
-2.6%
21-24
€330k
-8.0%
21-24
€115k
-9.6%
21-24
€192k
-7.9%
21-24
0.58
-2.5%
21-24
0.58
-2.5%
21-24
37.8%
+9.0%
21-24
1.65
-12.7%
21-24
5.0%
-77.2%
21-24
1.9%
-75.1%
21-24
6.90
-34.5%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €28k | €62k | €40k | €20k |
| Net profit | €10k | €42k | €-1k | €979 |
| Cash flow | €20k | €52k | €29k | €20k |
| Staff costs | - | - | - | - |
| Income taxes | €4k | €4k | €3k | - |
| Dividends | - | - | - | - |
| Total assets | €531k | €549k | €528k | €252k |
| Equity | €200k | €190k | €148k | €149k |
| Debt | €330k | €359k | €380k | €102k |
| of which ≤ 1y | €115k | €128k | €135k | €65k |
| of which > 1y | €192k | €209k | €224k | €17k |
| Working capital | €-48k | €-51k | €-88k | €-41k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.58 | 0.60 | 0.35 | 0.37 |
| Quick ratio | 0.58 | 0.60 | 0.35 | 0.37 |
| Working capital ratio | -9.1% | -9.3% | -16.7% | -16.4% |
| Solvency | 37.8% | 34.6% | 28.1% | 59.4% |
| Debt / equity | 1.65 | 1.89 | 2.56 | 0.68 |
| Long-term debt ratio | 0.96 | 1.10 | 1.51 | 0.12 |
| Interest coverage | 6.90 | 10.54 | 5.55 | 172.80 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.9% | 7.7% | -0.2% | 0.4% |
| ROE | 5.0% | 22.1% | -0.8% | 0.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €531k | €549k | €528k | €252k |
| Fixed assets | 21/28 | €464k | €473k | €481k | €227k |
| Tangible fixed assets | 22/27 | €265k | €275k | €283k | €29k |
| Financial fixed assets | 28 | €198k | €198k | €198k | €198k |
| Current assets | 29/58 | €67k | €76k | €47k | €24k |
| Amounts receivable within one year | 40/41 | €40k | €42k | €46k | €12k |
| Cash & bank | 54/58 | €27k | €34k | €1k | €12k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €531k | €549k | €528k | €252k |
| Equity | 10/15 | €200k | €190k | €148k | €149k |
| Contributions / capital | 10/11 | €33k | €33k | €30k | €30k |
| Reserves | 13 | - | - | €3k | €3k |
| Accumulated profits (losses) | 14 | €167k | €157k | €115k | €116k |
| Amounts payable | 17/49 | €330k | €359k | €380k | €102k |
| Amounts payable after one year | 17 | €192k | €209k | €224k | €17k |
| Amounts payable within one year | 42/48 | €115k | €128k | €135k | €65k |
| Trade debts payable within one year | 44 | €214 | €827 | €2k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €31k | €63k | €65k | €21k |
| Operating result | 9901 | €18k | €52k | €9k | €1k |
| Financial income | 75 | - | - | - | €0 |
| Financial charges | 65 | €4k | €6k | €7k | €115 |
| Result before taxes | 9903 | €14k | €46k | €2k | €979 |
| Income taxes | 67/77 | €4k | €4k | €3k | - |
| Net result for the period | 9904 | €10k | €42k | €-1k | €979 |
| Result to be appropriated | 9905 | €10k | €42k | €-1k | €979 |
Legal Structure
| NACE primary | Retail sale of prescription glasses, lenses and sunglasses(47742) |
| Legal form | Private limited company(610) |
| Incorporation | 27-05-2010 |
| Status | Active |
| Postal code | 3520 |
Establishment units
M.E.N. Vision
since 20102.188.406.706
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066B0556/00K000 | Flanders | 834 m² | 1 · 180 m² | 9.3 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 252 days late
2024
30-09
Financial
Equity above €200kEq €200k ▲5.3%
2 profitable years in a row build equity to €200k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-09
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
30-09
Financial
Equity above €150kEq €190k ▲28.4%
Equity rises from €148k to €190k.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 233 days late
30-09
Financial
Weakest financial yearnet €-1k ▼220%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 92 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
30-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of prescription glasses, lenses and sunglasses47742Retail trade47782
Names & trade names
| Legal nameNL | M.E.N. Vision |
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