MENA
ActiveThe computed 12-month bankruptcy probability of MENA is 4.5% (elevated). The 2024 annual accounts show equity of €39k and a net result of €-150. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 18937 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-44
Solvency37▼-13
Growth52=
Stability100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.44 in 2023), and 78.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
-0.1%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
433 d late
2022
89 d late
2021
67 d late
2020
212 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€39k▼ 0.4%
2023 · €39k
2020: €19k
2021: €32k
2022: €36k
2023: €39k
2020 → 2024
Total assets
€179k▲ 19.8%
2023 · €150k
2020: €104k
2021: €120k
2022: €119k
2023: €150k
2020 → 2024
Net result
€-150
2023 · €3k
2020: €7k
2021: €13k
2022: €4k
2023: €3k
2020 → 2024
Working capital
€41k▲ 10.8%
2023 · €37k
2020: €12k
2021: €11k
2022: €28k
2023: €37k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€32k▲ 66.1%€36k▲ 12.9%€39k▲ 9.6%€39k▼ 0.4%
Operating result€10k-€14k▲ 37.2%€9k▼ 37.6%€5k▼ 45.5%€9k▲ 92.1%
Net result€7k-€13k▲ 88.7%€4k▼ 67.7%€3k▼ 15.8%€-150
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 92% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179k
Fixed assets
€12k▼ 60.9%
Current assets
€168k▲ 39.6%
Equity and liabilities €179k
Equity
€39k▼ 0.4%
Debt
€140k▲ 26.9%
The debt ratio rises from 73.8% to 78.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€30k▲
2023 · €27k
Cash flow
€21k▼
2023 · €25k
Solvency
21.8%▼
2023 · 26.2%
Current ratio
1.32▼
2023 · 1.44
Quick ratio
1.32▼
2023 · 1.44
Debt / equity
3.60▲
2023 · 2.82
ROE
-0.4%▼
2023 · 8.8%
ROA
-0.1%▼
2023 · 2.3%
Interest coverage
5.08▼
2023 · 17.29
Debt
€140k▲
2023 · €111k
Debt ≤ 1 year
€127k▲
2023 · €83k
Debt > 1 year
€13k▼
2023 · €27k
Income taxes
€3k▼
2023 · €4k
Staff costs
€107k▲
2023 · €75k
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€150k€179k▲
Fixed assets21/28€29k€12k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€27k€12k▼
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€13k€4k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€120k€168k▲
Amounts receivable after more than one year29€70k€70k=
Trade receivables290€70k-
Other amounts receivable291-€70k
Amounts receivable within one year40/41€46k€9k▼
Trade receivables40€39k-
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€5k€82k▲
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€150k€179k▲
Equity10/15€39k€39k▼
Contributions10/11€12k€12k=
Outside capital11-€12k
Other1109/19-€12k
Profit (loss) carried forward14€27k€27k▼
Amounts payable17/49€111k€140k▲
Amounts payable after more than one year17€27k€13k▼
Financial debts170/4€27k€13k▼
Amounts payable within one year42/48€83k€127k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€45k€104k▲
Taxes450/3€39k€70k▲
Remuneration and social security454/9€6k€34k▲
Other amounts payable47/48€8k-
Income statement
Code20232024
Remuneration, social security and pensions62€75k€107k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€2k€116▼
Gross operating margin9900€104k€137k▲
Operating profit (loss)9901€5k€9k▲
Financial income75/76B€5k€88▼
Recurring financial income75€5k€88▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€8k€3k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€3k€-150▼
Profit (loss) for the period to be appropriated9905€3k€-150▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€27k▼
Profit (loss) brought forward from the previous period14P€23k€27k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 433 days late
2024
31-12
Financial
Weakest financial yearnet €-150 ▼104%
Net result drops to €-150, the lowest in the series.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 89 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 212 days late
2021
31-12
Financial
Highest result since 2020net €13k ▲88.7%
Operating result €14k, net result €13k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Stabroek · 1 establishment unit since 2020
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.
Dorpsstraat 1152940 StabroekGround area
434 m²
Building footprint
273 m²
Volume, LiDAR
1,158 m³
Parcel 11044E0428/00D000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MENA
since 20202.302.888.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044E0428/00D000 | Flanders | 434 m² | 1 · 273 m² | 7.6 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteStabroek2.302.888.183
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SEUMULHANA
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InspiRei
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 9,572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.