MEN TAX

Active

Private limited company (pre-2019)founded 201115 yrs activeGustave Defnetstraat 62, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0837.037.348

The computed 12-month bankruptcy probability of MEN TAX is 2.4% (moderate). The 2024 annual accounts show equity of €31k and a net result of €17k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 6717 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

63 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability97▲+41

Solvency68▲+17

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity tight (current ratio 1.17 against 0.64 in 2023; short-term debt: 57% and cash: 5.4% of total assets), and 57% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

43%

Return on assets

23.8%

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €31k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 filings

Deviation from the deadline

2025

not confirmed

2024

67 d late

2023

31 d late

2022

30 d late

2021

30 d late

2020

44 d late

2019

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€31k▲ 124%

2023 · €14k

2018: €23k 2019: €23k 2020: €17k 2021: €37k 2022: €13k 2023: €14k

2018 → 2024

Total assets

€71k▲ 36.6%

2023 · €52k

2018: €33k 2019: €29k 2020: €18k 2021: €39k 2022: €24k 2023: €52k

2018 → 2024

Net result

€17k▲ 179%

2023 · €6k

2018: €434 2019: €83 2020: €-6k 2021: €20k 2022: €-24k 2023: €6k

2018 → 2024

Working capital

€7k

2023 · €-14k

2018: €18k 2019: €18k 2020: €17k 2021: €37k 2022: €8k 2023: €-14k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€17k-€37k▲ 116%€13k▼ 63.8%€14k▲ 1.5%€31k▲ 124%

Operating result€-8k-€21k€-21k€12k€28k▲ 135%

Net result€-6k-€20k€-24k€6k€17k▲ 179%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 135% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €71k

33.0%

67.0%

Fixed assets €24k▼ 14.0%

Current assets €48k▲ 92.5%

Equity and liabilities €71k

43.0%

57.0%

Equity €31k▲ 124%

Debt €41k▲ 5.5%

The debt ratio falls from 73.8% to 57.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€32k▲

2023 · €16k

Cash flow

€21k▲

2023 · €10k

Solvency

43.0%▲

2023 · 26.2%

Current ratio

1.17▲

2023 · 0.64

Quick ratio

1.17▲

2023 · 0.61

Debt / equity

1.33▼

2023 · 2.82

ROE

55.4%▲

2023 · 44.6%

ROA

23.8%▲

2023 · 11.7%

Interest coverage

5.84▲

2023 · 2.69

Debt

€41k▲

2023 · €39k

Debt ≤ 1 year

€41k▲

2023 · €39k

Income taxes

€6k

Staff costs

€26k▼

2023 · €42k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€52k€71k▲

Fixed assets21/28€27k€24k▼

Intangible fixed assets21€3k€3k▼

Tangible fixed assets22/27€17k€13k▼

Furniture and vehicles24€16k€13k▼

Other tangible fixed assets26€735€649▼

Financial fixed assets28€7k€7k=

Current assets29/58€25k€48k▲

Stocks and contracts in progress3€1k€290▼

Stocks30/36€1k€290▼

Amounts receivable within one year40/41€11k€43k▲

Trade receivables40€693€2k▲

Other amounts receivable41€10k€41k▲

Cash at bank and in hand54/58€12k€4k▼

Deferred charges and accrued income490/1€70€585▲

Equity and liabilities

Total equity and liabilities10/49€52k€71k▲

Equity10/15€14k€31k▲

Contributions10/11€6k€6k=

Reserves13€816€816=

Non-distributable reserves130/1€816€816=

Reserves not available under the articles1311€816€816=

Profit (loss) carried forward14€7k€24k▲

Amounts payable17/49€39k€41k▲

Amounts payable within one year42/48€39k€41k▲

Trade debts44€4k€16k▲

Suppliers440/4€4k€16k▲

Taxes, remuneration and social security45€6k€14k▲

Taxes450/3€439€6k▲

Remuneration and social security454/9€6k€8k▲

Other amounts payable47/48€28k€10k▼

Income statement Code20232024

Remuneration, social security and pensions62€42k€26k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=

Other operating charges640/8€12k€3k▼

Gross operating margin9900€70k€61k▼

Operating profit (loss)9901€12k€28k▲

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€6k€23k▲

Income taxes67/77-€6k

Profit (loss) for the period9904€6k€17k▲

Profit (loss) for the period to be appropriated9905€6k€17k▲

Appropriation of the result

Profit (loss) to be appropriated9906€7k€24k▲

Profit (loss) brought forward from the previous period14P€551€7k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

2026

14-08

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 01/04/2026
Director resignation, Rachid LAHRAOUI (administrateur)
Director resignation, Abdesamad EL FANTROUSSI (administrateur)
Director appointment, EL BERKANI Brahim (principal administrateur)

2025

06-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 67 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Weakest financial yearnet €-24k ▼219%

Net result drops to €-24k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-12

Financial Back to profitnet €20k

Net result €20k after one loss-making year.

13-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 44 days late

2020

31-12

Financial Liquidity times 8current ratio 35.37

Current ratio from 4.21 to 35.37; short-term debt falls from €6k to €501.

30-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 30 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

27-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 88 days late

2017

22-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 22 days late

2016

22-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 22 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2026

EL BERKANI Brahim

Principal administrateur · since 01-04-2026

Current

01-04-2026 EL BERKANI Brahim: Appointed as Principal administrateur

31-03-2026 Abdesamad EL FANTROUSSI: Resigned as Director

04-02-2026 Rachid LAHRAOUI: Resigned as Director

Location & real-estate footprint

Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2011

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gustave Defnetstraat 621060 Sint-Gillis (bij-Brussel)

Ground area

132 m²

Building footprint

83 m²

Volume, LiDAR

1,213 m³

Parcel 21562A0258/00T009, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Gustave Defnetstraat 62, 1060 Sint-Gillis (bij-Brussel)

Non-scheduled passenger transport by road

since 20112.200.122.623

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21562A0258/00T009	Brussels	132 m²	1 · 83 m²	18.4 m · 5 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

Sint-Jans-Molenbeek · Eq €31k

Of 6,686 companies in sector 49330 we hold annual accounts for 2,284. 1,959 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded16-06-2011

Fiscal year end31-12

Activities, NACEBEL

49320Taxi operation

49330On-demand passenger transport by chauffeured vehicle

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.