MENA
ActiveSummary
The computed 12-month bankruptcy probability of MENA is 2.9% (moderate). The 2024 annual accounts show equity of €165,928 and a net result of -€26,380. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 16% of 3,535 sector peers (NACE 43, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €165,928
- Loss
- -€26,380
- ENACHI MariusDirector
- ENACHI MihaiDirector
Why 49raises riskFigures for financial year 2024 (filed 26-08-2025)Liquidity: current ratio 0.95, cash €3,689Equity €165,928 (14.0% of total assets)lowers riskSize: turnover €4.4m, total assets €1.2mShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 17% on solvency, 6% on liquidity, 18% on profitability and 26% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 6 accounts on average 34 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
- Resignations: ENACHI Mihai (manager) and ENACHI…Appointments: ENACHI Mihai (director) and…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 84% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €3.9m | €5.0m | €4.3m | €5.1m | €4.4m | ▼ 14.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €4.7m | €4.0m | €4.8m | €4.2m | ▼ 12.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.004m | €0.003m | €0.003m | €0.003m | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 11.6% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 36.0% |
| Gross operating margin9900 | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 37.1% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.2m | €0.06m | €0.04m | €0.06m | €0.009m | ▼ 83.9% |
| Financial income75/76B | - | - | - | €10 | - | €0 | €8 | ▲ 18× |
| Recurring financial income75 | - | - | €5 | €10 | - | €0 | €8 | ▲ 18× |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 30.8% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 30.8% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.09m | €0.2m | €0.05m | €0.03m | €0.03m | -€0.02m | - |
| Income taxes67/77 | €0.05m | €0.05m | €0.04m | €0.02m | €0.01m | €0.2m | €0.005m | ▼ 97.2% |
| Profit (loss) for the period9904 | €0.05m | €0.04m | €0.1m | €0.03m | €0.01m | -€0.1m | -€0.03m | ▲ 79.0% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.04m | €0.1m | €0.03m | €0.01m | -€0.1m | -€0.03m | ▲ 79.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.9m | €1.6m | €1.4m | €1.6m | €1.7m | €1.7m | €1.2m | ▼ 29.9% |
| Fixed assets21/28 | €0.4m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 17.4% |
| Tangible fixed assets22/27 | €0.4m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 17.7% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.06m | €0.1m | €0.07m | ▼ 29.6% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.03m | €0.004m | €0.02m | ▲ 267% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 40.2% |
| Financial fixed assets28 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Current assets29/58 | €0.5m | €0.9m | €0.9m | €1.2m | €1.3m | €1.3m | €0.9m | ▼ 33.8% |
| Amounts receivable within one year40/41 | €0.4m | €0.7m | €0.7m | €0.8m | €1.2m | €1.3m | €0.9m | ▼ 34.0% |
| Trade receivables40 | - | - | - | €0.6m | €1.0m | €1.2m | €0.8m | ▼ 34.6% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 27.1% |
| Cash at bank and in hand54/58 | €0.08m | €99 | €0.1m | €0.02m | €0.002m | €0.001m | €0.004m | ▲ 163% |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | €0.1m | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.9m | €1.6m | €1.4m | €1.6m | €1.7m | €1.7m | €1.2m | ▼ 29.9% |
| Equity10/15 | €0.09m | €0.1m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 13.7% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €0.02m | - |
| Other1109/19 | - | - | - | - | - | - | €0.02m | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.002m | - |
| Profit (loss) carried forward14 | €0.07m | €0.1m | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 15.4% |
| Amounts payable17/49 | €0.9m | €1.4m | €1.1m | €1.3m | €1.4m | €1.5m | €1.0m | ▼ 32.0% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 26.1% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 26.1% |
| Amounts payable within one year42/48 | €0.6m | €1.2m | €0.9m | €1.1m | €1.2m | €1.3m | €0.9m | ▼ 32.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.08m | €0.08m | €0.04m | ▼ 48.1% |
| Financial debts43 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 7.8% |
| Credit institutions430/8 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 7.8% |
| Trade debts44 | €0.4m | €0.9m | €0.7m | €0.9m | €1.0m | €1.2m | €0.8m | ▼ 29.3% |
| Suppliers440/4 | - | - | - | €0.7m | €0.5m | €0.9m | €0.7m | ▼ 30.1% |
| Bills of exchange payable441 | - | - | - | €0.1m | €0.5m | €0.2m | €0.2m | ▼ 26.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.07m | €0.009m | ▼ 87.4% |
| Taxes450/3 | - | - | - | €0.09m | €0.05m | €0.03m | €0.005m | ▼ 83.7% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.07m | €0.04m | €0.004m | ▼ 90.0% |
| Other amounts payable47/48 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,689 | €40,863 | €143,640 | €30,700 | €12,223 | -€125,604 | -€26,380 | ▲ 79.0% |
| + Depreciation and write-downs630 | €103,464 | €150,194 | €137,385 | €111,758 | €96,866 | €96,261 | €85,101 | ▼ 11.6% |
| Operating cash flow (approximation) | €151,152 | €191,057 | €281,025 | €142,458 | €109,089 | -€29,343 | €58,720 | - |
| Investment in fixed assets (approximation) | - | -€364,470 | €38,438 | -€88,459 | -€75,794 | -€64,410 | -€16,167 | ▲ 74.9% |
| Change in cash | - | -€76,586 | €100,167 | -€84,973 | -€12,812 | -€1,080 | €2,287 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 26-08-2025 | 2025-00404727 |
| 31-12-2023 | full format | 30-08-2024 | 2024-00449467 |
| 31-12-2022 | full format | 31-07-2023 | 2023-00296530 |
| 31-12-2021 | full format | 29-07-2022 | 2022-20247414 |
| 31-12-2020 | full format | 30-08-2021 | 2021-59600014 |
| 31-12-2019 | full format | 30-11-2020 | 2020-73400539 |
| 31-12-2018 | full format | 02-09-2019 | 2019-60400188 |
| 31-12-2017 | full format | 31-08-2018 | 2018-57000308 |
| 31-12-2016 | full format | 14-07-2017 | 2017-31600484 |
| 31-12-2015 | full format | 29-07-2016 | 2016-38100577 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ENACHI Marius |
|
| ENACHI Mihai |
|
Owners and capital
Capital and shareholders
- 29-02-2024 Converted to unavailable equity · €20,460
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-02
Gazette deed
Resignations: ENACHI Mihai (manager) and ENACHI Marius (manager)Appointments: ENACHI Mihai (director) and ENACHI Marius (director) · Amendment of the articles · Capital conversion14 facts ▸
- General meeting, 27-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “conformément aux formes et majorités de la modification des statuts, suppression” (deed in French)
- Other provision, “prise de connaissance du rapport de l'organe de gestion exposant la justification détaillée de la modification proposée à l'objet, actionnaire unique” (deed in French)
- Purpose change
- Capital
- Director resignation, ENACHI Mihai (manager)
- Director resignation, ENACHI Marius (manager)
- Director appointment, ENACHI Mihai (director (not named in the articles))
- Director appointment, ENACHI Marius (director (not named in the articles))
- Registered office clause, “Avenue de la Topaze 35,1030 Schaerbeek, Sixième résolution” (deed in French)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0806.013.580
Recognitions · licences · registrations
Recognised contractor
1 category- N1 Lifts, goods lifts, escalators and moving walkwaysclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21905C0093/00K006 | Brussels | 390 m² | 1 · 191 m² | 15.1 m · 5 |
| 21905C0069/00C003 | Brussels | 253 m² | 1 · 95 m² | 15.1 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Entreprise générale du bâtiment; Toutes activités de sous-traitance en installation, remplacement, modernisation, maintenance, montage…” (deed in French)
2 activities (deed in French)
- Entreprise générale du bâtiment
- Toutes activités de sous-traitance en installation, remplacement, modernisation, maintenance, montage, dépannage, rénovation des ascenseurs et tous travaux de bâtiment : plomberie, carrelage, électricité, chauffage, sanitaire, gaz, peinture, décoration, rénovation, construction, maçonnerie, menuiserie en Belgique et à l’étranger.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MENA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article 2.Siège” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Personnes physiques ou morales,actionnaires ou non, assemblée qui nomme fixe nombre,durée et,en cas de pluralité,pouvoirs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives avec numéro d’ordre, TITRE III.TITRES” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique,ou courrier ordinaire même jour pour personnes sans adresse électronique, Article 7.Apport en numéraire avec émission…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Article 4.Durée, décision de l'assemblée générale délibérant comme en matière de modification des statuts” (deed in French)“Prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “26, faculté assemblée désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)