Equity
€149,792 from €1.5m in 2011
Equity fell by 90% in 14 years.
Men
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €237,933 (2009)
€210,307▼ 1.8%
lowest -€252,363 (2008)
-€90,676▼ €4,703
peak €1.5m (2011)
€149,792▼ 37.7%
€2.0m▼ 6.8%
peak 0.3 FTE (2009)
0 FTE
Board2 names since 2021
1 directorSybille Raskin
Owners4 names in the annual accounts
100%MOVE CONSULTING
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Loss of €90,676Equity from €240,468 to €149,792Cash from €22,265 to €14,047
Key points
from the 2025 annual accountsLosses
-€1.1m in ten years
Every financial year from 2016 to 2025 closed with a loss. 2016 was the heaviest.
Debts
€2.0m 93% of the balance sheet
Financial debts 87%Suppliers 2%Taxes and wages 0%Other 11%
€1.9m of the debts are secured on the company's own assets. In 2021 that was €2.0m.
Filings
49 annual accounts since 1977
Four of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
At the same address
232 companies
Position in the sector
6.9%
Lower solvency than 89% of companies in wholesale trade. Sector median 45.2% · 6,192 companies.
Checked score
81
Excellent
Financially stronger than 29% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.3 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.33, cash €14,047
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Equity €149,792 (6.9% of total assets)
lowers risk
Size: total assets €2.2m
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 46, small). It does better than 10% of them on solvency, 63% on liquidity, 37% on profitability and 7% 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, 1,104 companies had the same profile as Men has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Men itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,104 companies, not a prediction for Men. 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 €12,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.5 in 2024), below the usual 1.5. Short-term debt is 10.8% and cash 0.6% of total assets. 93.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
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 -€90,676
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
26 days late
2023
30 days late
2022
on the day
2021
2 days early
2020
32 days early
2019
91 days late
← 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 21 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 26 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MOVE CONSULTING 100%score 93equity €1.5m (2025) · 2025 annual accounts of MOVE CONSULTING
- SPRL BMSY INVEST 100%annual accounts 2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0414362323
Resignation: Brugeval (director)
Reappointment: Sybille Raskin (director) · “Toute opération généralement quelconques,commerciales,financières,mobilières ou immobilières; S’intéresser par…” (deed in French) · Director discharge: Brugeval · General meeting of 21-02-2022 · Gazette deed
First establishment
MEN SA, Terhulpsesteenweg 150, Watermael-Boitsfort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Men Watermael-Boitsfort | €2.2m | €210,307 | 6.9% | 0 |
| AddSecure Smart Transport Brussels | €1.8m | €157,763 | 95.2% | 0.9 |
| Ordin-Access Evere | €1.2m | €271,376 | 45.4% | 1.4 |
| Machines Dubuit Benelux Halle | €1.0m | €485,121 | 10.4% | 0 |
| DEVELOPMENT MICROSYSTEMS AND SOFT Brussels | €1.0m | €423,876 | 3.8% | 0.8 |
| SOLID SYSTEMS Kruisem | €1.5m | €479,739 | 80.1% | 1 |
| FLANDERS INTERNATIONAL TRADING Ghent | €2.0m | €235,085 | 49.5% | 1.9 |
These companies have the same main activity as Men: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €1m and €2m, founded between 1958 and 1991.
Official details
Source: KBO- Status
- Active since 04-02-1975Normal situation
- Registered office
- 233 active companies are registered at this address23 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Wholesale of information and communication equipmentNACE 46500and 1 other
- Establishment unit
- 2.010.855.5301170 Watermael-Boitsfort, since 01-03-1975
- Financial year end
- 31 December
- Peppol
- Reachable since 23-03-2026
Insights on Men
Men has existed since 1975. In 2013 the gross margin rose from €55,079 to €177,428.
MOVE CONSULTING holds all the shares.
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 Men
- What is the company number of Men?
- The company number of Men is 0414.362.323. The VAT number is the same number with BE in front: BE 0414.362.323.
- Where is Men based?
- The registered office is at Terhulpsesteenweg 150, 1170 Watermael-Boitsfort.Company details
- What does Men do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of Men?
- Men is a public limited company (NV).
- When was Men founded?
- Men was founded on 04-02-1975.
- Is Men still active?
- Yes, Men is an active enterprise in the KBO register.
- What is the turnover of Men?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €210,307 and 102 comparable companies (NACE 46). It probably lies between €510,000 and €1.9m.Financials
- Is Men profitable?
- In financial year 2025, Men made a loss of €90,676.
- Where can I find the annual accounts of Men?
- Men filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Men due?
- Men must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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