MENACLE
ActiveSummary
MENACLE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121,426 and a net result of €59,584. Equity is shrinking by ~17.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 6 accounts on average 81 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,605 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96,863 | €71,847 | €71,658 | €66,837 | €71,029 | ▲ 6.3% |
| Other operating charges640/8 | - | €4,134 | €14,385 | €4,527 | €36,177 | ▲ 699% |
| Non-recurring operating charges66A | - | €13,410 | - | - | - | - |
| Gross operating margin9900 | €212,738 | €209,445 | €263,962 | €194,600 | €220,790 | ▲ 13.5% |
| Operating profit (loss)9901 | €110,921 | €120,054 | €177,920 | €123,235 | €113,584 | ▼ 7.8% |
| Financial income75/76B | - | €11 | - | €0 | €0 | ▲ 667% |
| Recurring financial income75 | - | €11 | - | €0 | €0 | ▲ 667% |
| Non-recurring financial income76B | - | €11 | - | - | - | - |
| Financial charges65/66B | - | €8,684 | €9,410 | €11,571 | €18,572 | ▲ 60.5% |
| Recurring financial charges65 | €10,558 | €8,684 | €9,410 | €11,571 | €18,572 | ▲ 60.5% |
| Profit (loss) for the period before taxes9903 | €100,363 | €111,381 | €168,509 | €111,664 | €95,013 | ▼ 14.9% |
| Income taxes67/77 | €72,041 | €22,937 | €62,573 | €37,722 | €35,429 | ▼ 6.1% |
| Profit (loss) for the period9904 | €28,322 | €88,444 | €105,936 | €73,942 | €59,584 | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €28,322 | €88,444 | €105,936 | €73,942 | €59,584 | ▼ 19.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €932,584 | €932,070 | €557,534 | €489,379 | €452,792 | ▼ 7.5% |
| Fixed assets21/28 | €631,060 | €574,303 | €511,316 | €451,855 | €442,518 | ▼ 2.1% |
| Tangible fixed assets22/27 | €630,920 | €574,163 | €511,177 | €451,715 | €442,378 | ▼ 2.1% |
| Land and buildings22 | - | €442,614 | €415,786 | €394,875 | €373,964 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €42,327 | €32,079 | €27,962 | €68,414 | ▲ 145% |
| Furniture and vehicles24 | - | €39,083 | €29,886 | €12,165 | - | - |
| Leasing and similar rights25 | - | €50,139 | €33,426 | €16,713 | - | - |
| Financial fixed assets28 | €140 | €140 | €140 | €140 | €140 | = |
| Current assets29/58 | €301,524 | €357,767 | €46,218 | €37,524 | €10,274 | ▼ 72.6% |
| Amounts receivable within one year40/41 | €299,877 | €357,767 | €35,423 | €37,524 | €10,274 | ▼ 72.6% |
| Trade receivables40 | - | - | - | €24,912 | €662 | ▼ 97.3% |
| Other amounts receivable41 | - | €357,767 | €35,423 | €12,612 | €9,612 | ▼ 23.8% |
| Deferred charges and accrued income490/1 | - | - | €10,795 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €932,584 | €932,070 | €557,534 | €489,379 | €452,792 | ▼ 7.5% |
| Equity10/15 | €348,849 | €437,293 | €23,107 | €61,843 | €121,426 | ▲ 96.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €31,860 | €81,860 | ▲ 157% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €30,000 | €81,860 | ▲ 173% |
| Profit (loss) carried forward14 | €340,789 | €429,233 | €15,047 | €23,783 | €33,366 | ▲ 40.3% |
| Amounts payable17/49 | €583,735 | €494,777 | €534,427 | €427,537 | €331,366 | ▼ 22.5% |
| Amounts payable after more than one year17 | €276,146 | €329,658 | €225,132 | €242,030 | €143,537 | ▼ 40.7% |
| Financial debts170/4 | - | €329,658 | €225,132 | €242,030 | €143,537 | ▼ 40.7% |
| Amounts payable within one year42/48 | €307,589 | €165,119 | €309,295 | €185,507 | €187,828 | ▲ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €124,111 | €104,525 | €122,086 | €111,956 | ▼ 8.3% |
| Financial debts43 | - | €23,694 | €24,752 | €24,934 | €24,949 | ▲ 0.1% |
| Credit institutions430/8 | - | €23,694 | €24,752 | €24,934 | €24,949 | ▲ 0.1% |
| Trade debts44 | €445 | €465 | €20 | - | €3,688 | - |
| Suppliers440/4 | - | €465 | €20 | - | €3,688 | - |
| Taxes, remuneration and social security45 | - | €16,849 | €169,997 | €3,280 | €11,991 | ▲ 266% |
| Taxes450/3 | - | €16,164 | €169,955 | €3,000 | €11,991 | ▲ 300% |
| Remuneration and social security454/9 | - | €685 | €43 | €280 | - | - |
| Other amounts payable47/48 | - | - | €10,000 | €35,207 | €35,245 | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,322 | €88,444 | €105,936 | €73,942 | €59,584 | ▼ 19.4% |
| + Depreciation and write-downs630 | €96,863 | €71,847 | €71,658 | €66,837 | €71,029 | ▲ 6.3% |
| Operating cash flow (approximation) | €125,185 | €160,291 | €177,594 | €140,780 | €130,613 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | -€15,090 | -€8,671 | -€7,376 | -€61,692 | ▼ 736% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014N0793/00_000 | Wallonia | 1,277 m² | 1 · 160 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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