Equity
€604,705 ▲ 20.8%
Menapi Capital Advisory has made a profit in every financial year since 2017.
Menapi Capital Advisory
Lifetime
9 annual accounts with figures on one time axispeak €315,466 (2019)
€163,886▲ 1.4%
peak €340,416 (2024)
€103,955▼ 69.5%
peak €604,705 (2025)
€604,705▲ 20.8%
€46,723▼ 85.0%
Board2 names since 2017
1 directorHUYGHE Kurt Jurgen
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Result from €340,416 to €103,955Equity from €500,750 to €604,705Debts from €310,640 to €46,723
Key points
from the 2025 annual accountsResult
€103,955 ▼ 69.5%
The result fell in 2025 from €340,416 to €103,955.
Turnover
≈ €280,000 estimated
The micro format states no turnover.
Liquidity
7.63 was 1.46 in 2024
Short-term debts fell from €298,616 to €38,921.
Filings
9 annual accounts 1 late
The 2021 accounts came 25 days late. The other eight were filed on time.
Position in the sector
92.8%
Higher solvency than 91% of companies in head offices and management consultancy. Sector median 55.5% · 39,376 companies.
Checked score
97
Excellent
Financially stronger than 77% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged 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 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 7.63, cash €281,424
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €651,428
Equity €604,705 (92.8% of total assets)
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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 58% on profitability and 67% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,782 companies had the same profile as Menapi Capital Advisory has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of Menapi Capital Advisory itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,782 companies, not a prediction for Menapi Capital Advisory. 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
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.63 (1.46 in 2024), above the usual 1.5. Short-term debt is 6% and cash 43.2% of total assets. 7.2% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 days early
2024
42 days early
2023
34 days early
2022
26 days early
2021
25 days late
2020
31 days early
2019
50 days early
← 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 29 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HUYGHE Kurt Jurgen all the sharesdeed of 12-09-2017
Shares in 2 companies, C-kiles and AKILES MANAGEMENT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0680830825
Resignation: HUYGE KURT (manager)
Gazette deed
Incorporation
Founder: HUYGHE Kurt Jurgen · Founding capital of €18,600, 100 shares · Appointment: HUYGHE Kurt Jurgen (manager) · published on 12-09-2017 · Gazette deed
First establishment
Schorreweg 10, Maldegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Menapi Capital Advisory Maldegem | €651,428 | €163,886 | 92.8% | - |
| Fha Solutions Zottegem | €668,268 | €165,274 | 82.0% | - |
| ALCEM Kruisem | €703,276 | €170,723 | 70.1% | - |
| GUILLARD Zulte | €636,339 | €147,261 | 21.9% | - |
| SPAN74 Ghent | €585,896 | €161,190 | 0.0% | - |
| VARDACO Ghent | €669,821 | €186,929 | 12.2% | - |
| Pavio Deinze | €627,712 | €142,455 | 80.5% | - |
These companies have the same main activity as Menapi Capital Advisory: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €586,000 and €703,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 08-09-2017Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.267.838.5219992 Maldegem, since 08-09-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2025
Annual accounts 2025
- €651,428▼ 19.7%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on Menapi Capital Advisory
Menapi Capital Advisory files the micro format. That format states no turnover. The gross margin rose from €44,777 in 2017 to €163,886 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 Menapi Capital Advisory
- What is the company number of Menapi Capital Advisory?
- The company number of Menapi Capital Advisory is 0680.830.825. The VAT number is the same number with BE in front: BE 0680.830.825.
- Where is Menapi Capital Advisory based?
- The registered office is at Schorreweg 10, 9992 Maldegem.Company details
- What does Menapi Capital Advisory do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Menapi Capital Advisory?
- Menapi Capital Advisory is a private limited company (BV).
- When was Menapi Capital Advisory founded?
- Menapi Capital Advisory was founded on 08-09-2017.
- Is Menapi Capital Advisory still active?
- Yes, Menapi Capital Advisory is an active enterprise in the KBO register.
- What is the turnover of Menapi Capital Advisory?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €163,886 and 109 comparable companies (NACE 70200). It probably lies between €230,000 and €330,000.Financials
- Is Menapi Capital Advisory profitable?
- In financial year 2025, Menapi Capital Advisory made a profit of €103,955.
- Where can I find the annual accounts of Menapi Capital Advisory?
- Menapi Capital Advisory filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Menapi Capital Advisory due?
- Menapi Capital Advisory must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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