MENA GROUP
ActiveThe computed 12-month bankruptcy probability of MENA GROUP is 2.0% (moderate). The 2025 annual accounts show equity of €588k and a net result of €-29k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 2041 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-12
Solvency72=
Growth47▼-10
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.12 in 2024; short-term debt: 19.5% and cash: 0.7% of total assets), but 53.5% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
46.5%
Return on assets
-2.3%
Age of the figures
18 mo
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
1 d early
2023
on the day
2022
3 d early
2021
17 d late
2020
30 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.13M▼ 6.9%
2024 · €1.21M
2023: €1.10M
2024: €1.21M
2023 → 2025
EBIT margin
1.8%▼ 4.2pp
2024 · 6.0%
2023: 6.7%
2024: 6.0%
2023 → 2025
Net result
€-29k
2024 · €64k
2019: €125k
2020: €45k
2021: €15k
2022: €241k
2023: €23k
2024: €64k
2019 → 2025
Working capital
€246k▼ 7.2%
2024 · €265k
2019: €178k
2020: €87k
2021: €16k
2022: €223k
2023: €245k
2024: €265k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.10M€1.21M▲ 10.0%€1.13M▼ 6.9%
Equity€289k-€530k▲ 83.2%€553k▲ 4.4%€617k▲ 11.5%€588k▼ 4.6%
Operating result€41k-€341k▲ 738%€74k▼ 78.4%€72k▼ 1.9%€20k▼ 72.4%
Net result€15k-€241k▲ 1,481%€23k▼ 90.2%€64k▲ 171%€-29k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€773k▼ 3.4%
Current assets
€492k▼ 1.9%
Equity and liabilities €1.27M
Equity
€588k▼ 4.6%
Debt
€677k▼ 1.2%
The debt ratio rises from 52.6% to 53.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€123k▼
2024 · €129k
Cash flow
€74k▼
2024 · €121k
Solvency
46.5%▼
2024 · 47.4%
Current ratio
2.00▼
2024 · 2.12
Quick ratio
2.00▼
2024 · 2.12
Debt / equity
1.15▲
2024 · 1.11
ROE
-4.9%▼
2024 · 10.3%
ROA
-2.3%▼
2024 · 4.9%
Interest coverage
4.02▼
2024 · 5.20
Debt
€677k▼
2024 · €685k
Debt ≤ 1 year
€246k▲
2024 · €236k
Debt > 1 year
€430k▼
2024 · €448k
Income taxes
€18k▲
2024 · €13k
Staff costs
€1k▲
2024 · €138
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€1.27M▼
Fixed assets21/28€800k€773k▼
Tangible fixed assets22/27€800k€773k▼
Land and buildings22€305k€285k▼
Plant, machinery and equipment23€275k€257k▼
Furniture and vehicles24€13k€11k▼
Leasing and similar rights25€206k€220k▲
Current assets29/58€502k€492k▼
Amounts receivable within one year40/41€477k€484k▲
Trade receivables40€443k€446k▲
Other amounts receivable41€34k€38k▲
Cash at bank and in hand54/58€25k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.27M▼
Equity10/15€617k€588k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€6k-
Uncalled capital101€0-
Outside capital11-€6k
Share premium1100/10-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€609k€580k▼
Amounts payable17/49€685k€677k▼
Amounts payable after more than one year17€448k€430k▼
Financial debts170/4€448k€430k▼
Amounts payable within one year42/48€236k€246k▲
Current portion of amounts payable after more than one year42€81k€80k▼
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€117k€133k▲
Suppliers440/4€16k€29k▲
Bills of exchange payable441€101k€104k▲
Taxes, remuneration and social security45€37k€31k▼
Taxes450/3-€27k
Remuneration and social security454/9€37k€4k▼
Income statement
Code20242025
Turnover70€1.21M€1.13M▼
Goods, raw materials, services and sundry goods60/61€1.05M€984k▼
Remuneration, social security and pensions62€138€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€103k▲
Other operating charges640/8€35k€23k▼
Gross operating margin9900€165k€147k▼
Operating profit (loss)9901€72k€20k▼
Financial income75/76B€29k€8▼
Recurring financial income75€1€8▲
Non-recurring financial income76B€29k-
Financial charges65/66B€25k€31k▲
Recurring financial charges65€25k€31k▲
Profit (loss) for the period before taxes9903€77k€-11k▼
Income taxes67/77€13k€18k▲
Profit (loss) for the period9904€64k€-29k▼
Profit (loss) for the period to be appropriated9905€64k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€609k€580k▼
Profit (loss) brought forward from the previous period14P€545k€609k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
31-03
Financial
Weakest financial yearnet €-29k ▼145%
Net result drops to €-29k, the lowest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €241k ▲1481%
Operating result €341k, net result €241k, both a record.
31-03
Financial
Equity above €500kEq €530k ▲83.2%
4 profitable years in a row build equity to €530k.
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-09
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.
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, Evere · 1 establishment unit since 2014
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.
Sint-Vincentiusplaats 171140 EvereGround area
262 m²
Building footprint
208 m²
Volume, LiDAR
2,955 m³
Parcel 21006A0065/10_000, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MENA GROUP
since 20142.238.485.727
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0065/10_000 | Brussels | 262 m² | 1 · 208 m² | 17.2 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
MEVAC
BE 0436.990.245
Herselt · Eq €590k
C.B.S. MONTAGE
BE 0479.132.191
Wielsbeke · Eq €586k
DORU BUCOVINA
BE 0836.386.062
Jette · Eq €591k
EAU-COURANT
BE 0428.930.040
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STEMAT
BE 0883.098.292
Aalter · Eq €583k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2014
Fiscal year end31-03
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
53200Other postal and courier activities
62020IT consultancy
62200Computer consultancy and computer facilities management
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.