Summary
MANAGEMENT EFFICIENCY PROCESS is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €34,554 and a net result of €40,403. Equity has been growing by about 30% per year since 2020. Its solvency ranks better than 23% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-08-2019 Normal situation
- Activity
- Activities of holding companies NACE 64210and 5 others
- Establishment unit
- 2.292.919.751 4845 Jalhay, since 01-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 05-06-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €40,403
- ▲ 97.8%
- Equity
- €34,554
- ▼ 72.2%
- Total assets
- €185,121
- ▲ 9.2%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 days early
2024
72 days early
2023
23 days late
2022
39 days early
2021
on the day
2020
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 30 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 22 June (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 6 filings
Equity
€34,554▼ 72.2%
2024 · €124,151
Net result
€40,403▲ 97.8%
2024 · €20,421
Total assets
€185,121▲ 9.2%
2024 · €169,477
Solvency
18.7%▼ 54.6pp
2024 · 73.3%
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
no figure
2025
20202025
Operating result
€58,434
▲ 65.3%
2025
20202025
Net result
€40,403
▲ 97.8%
2025
middle half of the sector
20202025
Equity
€34,554
▼ 72.2%
2025
lowest quarter of the sector
20202025
Total assets
€185,121
▲ 9.2%
2025
middle half of the sector
20202025
Debt
€150,567
▲ 232%
2025
20202025
Working capital
-€101,779
2025
lowest quarter of the sector
20202025
Solvency
18.7%
▼ 54.6pp
2025
lowest quarter of the sector
20202025
Current ratio
0.32
▼ 0.91
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
21.8%
▲ 9.8pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€0-€0
Operating result€29,349-€28,639▼ 2.4%€24,549▼ 14.3%€50,971▲ 108%€35,346▼ 30.7%€58,434▲ 65.3%
Net result€20,975within the sector's middle half-€21,086within the sector's middle half▲ 0.5%€16,485within the sector's middle half▼ 21.8%€31,875within the sector's middle half▲ 93.4%€20,421within the sector's middle half▼ 35.9%€40,403within the sector's middle half▲ 97.8%
Equity€35,975below the sector's middle half-€57,061within the sector's middle half▲ 58.6%€73,546within the sector's middle half▲ 28.9%€104,589within the sector's middle half▲ 42.2%€124,151within the sector's middle half▲ 18.7%€34,554below the sector's middle half▼ 72.2%
Total assets€119,268below the sector's middle half-€129,573within the sector's middle half▲ 8.6%€135,709within the sector's middle half▲ 4.7%€178,376within the sector's middle half▲ 31.4%€169,477within the sector's middle half▼ 5.0%€185,121within the sector's middle half▲ 9.2%
Debt€83,292-€72,512▼ 12.9%€62,163▼ 14.3%€73,788▲ 18.7%€45,326▼ 38.6%€150,567▲ 232%
Working capital-€16,458within the sector's middle half--€9,520within the sector's middle half▲ 42.2%-€11,492within the sector's middle half▼ 20.7%-€90within the sector's middle half▲ 99.2%€9,267within the sector's middle half-€101,779below the sector's middle half
Solvency30.2%within the sector's middle half-44.0%within the sector's middle half▲ 13.9pp54.2%within the sector's middle half▲ 10.2pp58.6%within the sector's middle half▲ 4.4pp73.3%within the sector's middle half▲ 14.6pp18.7%below the sector's middle half▼ 54.6pp
Current ratio0.61within the sector's middle half-0.77within the sector's middle half▲ 0.150.70within the sector's middle half▼ 0.061.00within the sector's middle half▲ 0.301.24within the sector's middle half▲ 0.240.32below the sector's middle half▼ 0.91
Return on assets (ROA)17.6%within the sector's middle half-16.3%within the sector's middle half▼ 1.3pp12.1%within the sector's middle half▼ 4.1pp17.9%within the sector's middle half▲ 5.7pp12.0%within the sector's middle half▼ 5.8pp21.8%within the sector's middle half▲ 9.8pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 65% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,121
Fixed assets
€136,350 ▲ 12.9%
Current assets
€48,771 ▲ 0.2%
Equity and liabilities €185,121
Equity
€34,554 ▼ 72.2%
Debt
€150,567 ▲ 232%
Debt's share of the balance-sheet total rises from 26.7% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
116.9%▲
2024 · 16.4%
Debt ≤ 1 year
€150,550▲
2024 · €39,388
Debt > 1 year
€0▼
2024 · €5,937
Income taxes
€14,762▲
2024 · €10,795
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | - | - | €23,462 | €23,462 | €23,462 |
| Carrying value of the other pledged assets | - | - | €118,209 | €118,209 | €118,209 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,048 | €1,914 | €21,007 |
| Financial fixed assets | €5,100 | €5,300 | €9,709 | - | - |
| Depreciation and write-downs of the year | - | - | €366 | €984 | €5,478 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €366 | €984 | €5,478 | ▲ 457% |
| Other operating charges640/8 | - | €245 | €348 | €812 | €2,230 | €1,047 | ▼ 53.1% |
| Non-recurring operating charges66A | - | - | - | - | €95 | €280 | ▲ 195% |
| Gross operating margin9900 | €29,816 | €28,884 | €24,897 | €52,148 | €38,654 | €65,239 | ▲ 68.8% |
| Operating profit (loss)9901 | €29,349 | €28,639 | €24,549 | €50,971 | €35,346 | €58,434 | ▲ 65.3% |
| Financial income75/76B | - | - | - | €15 | €0 | €326 | - |
| Recurring financial income75 | €0 | - | - | €15 | €0 | €326 | - |
| Financial charges65/66B | - | €1,464 | €1,169 | €1,965 | €4,129 | €3,595 | ▼ 12.9% |
| Recurring financial charges65 | €1,934 | €1,464 | €1,169 | €1,965 | €4,129 | €3,595 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €27,415 | €27,175 | €23,380 | €49,020 | €31,216 | €55,165 | ▲ 76.7% |
| Income taxes67/77 | €6,440 | €6,089 | €6,895 | €17,145 | €10,795 | €14,762 | ▲ 36.8% |
| Profit (loss) for the period9904 | €20,975 | €21,086 | €16,485 | €31,875 | €20,421 | €40,403 | ▲ 97.8% |
| Profit (loss) for the period to be appropriated9905 | €20,975 | €21,086 | €16,485 | €31,875 | €20,421 | €40,403 | ▲ 97.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €119,268 | €129,573 | €135,709 | €178,376 | €169,477 | €185,121 | ▲ 9.2% |
| Fixed assets21/28 | €93,000 | €98,100 | €108,500 | €119,891 | €120,821 | €136,350 | ▲ 12.9% |
| Tangible fixed assets22/27 | - | - | - | €1,682 | €2,612 | €18,141 | ▲ 594% |
| Plant, machinery and equipment23 | - | - | - | €1,404 | €822 | €3,796 | ▲ 362% |
| Furniture and vehicles24 | - | - | - | €278 | €1,791 | €14,345 | ▲ 701% |
| Financial fixed assets28 | €93,000 | €98,100 | €108,500 | €118,209 | €118,209 | €118,209 | = |
| Current assets29/58 | €26,268 | €31,473 | €27,209 | €58,485 | €48,655 | €48,771 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €15,789 | €25,489 | €9,891 | €28,492 | €42,604 | €35,049 | ▼ 17.7% |
| Trade receivables40 | - | €25,489 | €9,891 | €25,119 | €37,286 | €17,773 | ▼ 52.3% |
| Other amounts receivable41 | - | €0 | €0 | €3,373 | €5,318 | €17,276 | ▲ 225% |
| Current investments50/53 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €10,479 | €5,984 | €17,319 | €26,712 | €3,770 | €12,847 | ▲ 241% |
| Deferred charges and accrued income490/1 | - | - | - | €3,282 | €2,282 | €875 | ▼ 61.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €119,268 | €129,573 | €135,709 | €178,376 | €169,477 | €185,121 | ▲ 9.2% |
| Equity10/15 | €35,975 | €57,061 | €73,546 | €104,589 | €124,151 | €34,554 | ▼ 72.2% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €20,975 | €42,061 | €58,546 | €89,589 | €109,151 | €19,554 | ▼ 82.1% |
| Amounts payable17/49 | €83,292 | €72,512 | €62,163 | €73,788 | €45,326 | €150,567 | ▲ 232% |
| Amounts payable after more than one year17 | €40,566 | €31,519 | €23,462 | €14,753 | €5,937 | €0 | ▼ 100% |
| Financial debts170/4 | - | €31,519 | €23,462 | €14,753 | €5,937 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €42,726 | €40,993 | €38,701 | €58,575 | €39,388 | €150,550 | ▲ 282% |
| Current portion of amounts payable after more than one year42 | - | €9,047 | €8,604 | €8,709 | €8,816 | €5,937 | ▼ 32.7% |
| Trade debts44 | €558 | €56 | €11 | €8,522 | €568 | €3,340 | ▲ 488% |
| Suppliers440/4 | - | €56 | €11 | €8,522 | €568 | €3,340 | ▲ 488% |
| Taxes, remuneration and social security45 | - | €6,991 | €22,231 | €25,338 | €29,403 | €30,773 | ▲ 4.7% |
| Taxes450/3 | - | €6,975 | €18,655 | €21,943 | €25,341 | €30,773 | ▲ 21.4% |
| Remuneration and social security454/9 | - | €16 | €3,576 | €3,395 | €4,062 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €24,898 | €7,854 | €16,007 | €601 | €110,500 | ▲ 184× |
| Accrued charges and deferred income492/3 | - | - | - | €459 | €0 | €18 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,975 | €21,086 | €16,485 | €31,875 | €20,421 | €40,403 | ▲ 97.8% |
| + Depreciation and write-downs630 | - | - | - | €366 | €984 | €5,478 | ▲ 457% |
| Operating cash flow (approximation) | €20,975 | €21,086 | €16,485 | €32,241 | €21,405 | €45,881 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€5,100 | -€10,400 | -€11,757 | -€1,914 | -€21,007 | ▼ 998% |
| Change in cash | - | -€4,495 | €11,335 | €9,393 | -€22,941 | €9,077 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142476 | |
| 31-12-2024 | micro format | 20-05-2025 | 2025-00098975 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00361673 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00144716 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20252691 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24800301 |
Board & ownership
Directors
Directors
1 director
Halleux Henri
Current
Owners and capital
Owners
Network & group
Board mandates elsewhere
1 board mandateBoard mandates of MANAGEMENT EFFICIENCY PROCESSMANAGEMENT EFFICIENCY PROCESS sits on their board1
1 location
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
2025
31-12
Financial
Highest result from 2020 to 2025net €40,403 ▲97.8%
The operating result of €58,434 and the net result of €40,403 are both a record.
20-05
micro format · 72 days before the deadline
2024
23-08
micro format · 23 days late
2023
31-12
Financial
Equity above €100,000equity €104,589 ▲42.2%
With a profit in every financial year since 2020, equity grows to €104,589.
22-06
micro format · 39 days before the deadline
12-01
Director appointment · Director resignation
2022
31-07
micro format · on the deadline day
2021
25-06
micro format · 36 days before the deadline
2019
27-08
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MANAGEMENT EFFICIENCY PROCESS in French
Abbreviation
MEP in French
Enterprise number
0732.817.380
Legal form
Private limited company
Status
Active, normale toestand
Founded
23-08-2019
Entity type
Legal entity
Registered office and establishments
Registered office
Avenue Léonard Legras(SART) 16A, 4845 Jalhay, Belgium
Establishment unit
MANAGMENT EFFICIENCY PROCESS, Avenue Léonard Legras(SART) 16A, 4845 Jalhay since 01-10-2019 · unit number 2.292.919.751
E-mail
henrihalleux@hotmail.com
Activities
NACEBEL 202564210
Activities of holding companies main activity
68201
Renting and operating of own or leased residential real estate, excluding social housing
68203
Renting and operating of own or leased non-residential real estate, excluding land
70200
Business and other management consultancy
82300
Organisation of conventions and trade shows
85599
Other education
Codes under NACEBEL 2008
64200
Holdings main activity
68201
Real estate activities
68203
Real estate rental
70220
Business consulting
82300
Organisation of conventions and trade shows
85599
Other education
Invoicing and payment
VAT number
BE 0732.817.380
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1,569 m²
Building footprint
182 m²
Building volume
1,117 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63068B1172/00K000 | Wallonia | 1,569 m² | 1 · 182 m² | 8.3 m · 2 |