Men
ActiveSummary
Men has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150k and a net result of €-91k. Equity is shrinking by ~20.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 10% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+1
Solvency32▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.5 in 2024; short-term debt: 10.8% and cash: 0.6% of total assets), and 93.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 €-91k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
32 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-91k▼ 5.5%
2024 · €-86k
Working capital
€77k▼ 30.4%
2024 · €111k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-86k▼ 129%€-63k▲ 26.5%€-55k▲ 12.5%€-43k▲ 21.7%€-51k▼ 18.0%
Net result€-133k▼ 55.0%€-114k▲ 14.0%€-100k▲ 12.2%€-86k▲ 14.2%€-91k▼ 5.5%
Equity€541k▼ 19.7%€427k▼ 21.1%€326k▼ 23.5%€240k▼ 26.3%€150k▼ 37.7%
Total assets€2.76M▼ 35.9%€2.89M▲ 4.5%€2.67M▼ 7.6%€2.42M▼ 9.2%€2.19M▼ 9.8%
Debt€2.22M▼ 38.9%€2.46M▲ 10.7%€2.34M▼ 4.8%€2.18M▼ 6.9%€2.04M▼ 6.8%
Working capital€-208k€157k€132k▼ 16.2%€111k▼ 15.9%€77k▼ 30.4%
Staff (FTE)0000
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51k in 2025 against €43k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€1.87M ▼ 10.5%
Current assets
€314k ▼ 5.4%
Equity and liabilities €2.19M
Equity
€150k ▼ 37.7%
Debt
€2.04M ▼ 6.8%
Debt's share of the balance-sheet total rises from 90.1% to 93.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€193k▼
2024 · €199k
Cash flow
€153k▼
2024 · €156k
Current ratio
1.33▼
2024 · 1.50
Debt to equity
13.59▲
2024 · 9.08
ROE
-60.5%▼
2024 · -35.8%
ROA
-4.1%▼
2024 · -3.5%
Interest coverage
4.87▲
2024 · 4.66
Debt ≤ 1 year
€237k▲
2024 · €221k
Debt > 1 year
€1.79M▼
2024 · €1.96M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €33k | €2k | €2k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €223k | €236k | €241k | €242k | €244k | ▲ 0.8% |
| Other operating charges640/8 | €49k | €21k | €19k | €15k | €17k | ▲ 16.0% |
| Non-recurring operating charges66A | €475 | €2k | €70 | €314 | €0 | ▼ 100% |
| Gross operating margin9900 | €186k | €196k | €205k | €214k | €210k | ▼ 1.8% |
| Operating profit (loss)9901 | €-86k | €-63k | €-55k | €-43k | €-51k | ▼ 18.0% |
| Financial income75/76B | €228 | €265 | €173 | €0 | €0 | ▲ 300% |
| Recurring financial income75 | €228 | €265 | €173 | €0 | €0 | ▲ 300% |
| Financial charges65/66B | €47k | €51k | €45k | €43k | €40k | ▼ 7.2% |
| Recurring financial charges65 | €47k | €51k | €45k | €43k | €40k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €-133k | €-114k | €-100k | €-86k | €-91k | ▼ 5.5% |
| Profit (loss) for the period9904 | €-133k | €-114k | €-100k | €-86k | €-91k | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €-133k | €-114k | €-100k | €-86k | €-91k | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.76M | €2.89M | €2.67M | €2.42M | €2.19M | ▼ 9.8% |
| Fixed assets21/28 | €2.69M | €2.52M | €2.32M | €2.09M | €1.87M | ▼ 10.5% |
| Tangible fixed assets22/27 | €2.69M | €2.52M | €2.32M | €2.09M | €1.87M | ▼ 10.5% |
| Land and buildings22 | €2.69M | €2.52M | €2.32M | €2.09M | €1.87M | ▼ 10.5% |
| Current assets29/58 | €72k | €365k | €355k | €332k | €314k | ▼ 5.4% |
| Amounts receivable within one year40/41 | €36k | €283k | €292k | €306k | €299k | ▼ 2.1% |
| Trade receivables40 | €7k | €26k | €34k | €44k | €45k | ▲ 1.8% |
| Other amounts receivable41 | €28k | €257k | €258k | €262k | €255k | ▼ 2.7% |
| Cash at bank and in hand54/58 | €29k | €75k | €61k | €22k | €14k | ▼ 36.9% |
| Deferred charges and accrued income490/1 | €7k | €7k | €2k | €4k | €641 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.76M | €2.89M | €2.67M | €2.42M | €2.19M | ▼ 9.8% |
| Equity10/15 | €541k | €427k | €326k | €240k | €150k | ▼ 37.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €1.36M | €1.36M | €1.36M | €1.36M | €1.36M | = |
| Reserves13 | €10k | €10k | €10k | €10k | €6k | ▼ 35.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €3k | €3k | €3k | €3k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €-886k | €-1.00M | €-1.10M | €-1.19M | €-1.27M | ▼ 7.4% |
| Amounts payable17/49 | €2.22M | €2.46M | €2.34M | €2.18M | €2.04M | ▼ 6.8% |
| Amounts payable after more than one year17 | €1.94M | €2.25M | €2.12M | €1.96M | €1.79M | ▼ 8.4% |
| Financial debts170/4 | €1.92M | €2.23M | €2.10M | €1.94M | €1.77M | ▼ 8.5% |
| Other amounts payable178/9 | €20k | €21k | €21k | €20k | €20k | ▼ 3.1% |
| Amounts payable within one year42/48 | €280k | €207k | €223k | €221k | €237k | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €36k | €168k | €171k | €174k | €177k | ▲ 1.9% |
| Trade debts44 | €47k | €31k | €44k | €42k | €46k | ▲ 11.0% |
| Suppliers440/4 | €47k | €31k | €44k | €42k | €46k | ▲ 11.0% |
| Taxes, remuneration and social security45 | €3k | €4k | €4k | €5k | €4k | ▼ 29.1% |
| Taxes450/3 | €3k | €4k | €4k | €5k | €4k | ▼ 29.1% |
| Other amounts payable47/48 | €193k | €4k | €4k | €0 | €9k | - |
| Accrued charges and deferred income492/3 | €0 | €4k | €4k | €6k | €8k | ▲ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-133k | €-114k | €-100k | €-86k | €-91k | ▼ 5.5% |
| + Depreciation and write-downs630 | €223k | €236k | €241k | €242k | €244k | ▲ 0.8% |
| Operating cash flow (approximation) | €90k | €122k | €141k | €156k | €153k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €-68k | €-32k | €-18k | €-24k | ▼ 33.1% |
| Change in cash | - | €45k | €-14k | €-38k | €-8k | ▲ 78.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 7current ratio 1.76
Current ratio from 0.26 to 1.76; short-term debt falls from €280k to €207k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-133k
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Watermaal-Bosvoorde · 1 establishment unit since 1975
Ground area
4,415 m²
Building footprint
2,124 m²
Volume, LiDAR
45,158 m³
Parcel 21652E0035/00R005, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
231
companies at this address
See who is registered here
1 establishment unit
MEN SA
since 19752.010.855.530
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IKOLOGIK
BE 0654.807.210
Beernem · Eq €149,640
Axis Communications Belgium
BE 1004.919.604
Antwerpen · Eq €150,105
KOMA Software
BE 0465.834.877
Leuven · Eq €150,131
DVDE CONSULTING
BE 0839.084.939
Lierde · Eq €149,297
VIVA STYLE
BE 0883.678.215
Jette · Eq €148,824
Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 1,066 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-02-1975
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.