MENADSWORK
ActiveMENADSWORK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €534k and a net result of €92k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 75% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
93
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-14
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.26 against 4.06 in 2023), and 21.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.3%
Return on assets
13.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€534k▲ 20.8%
2023 · €442k
2018: €90k
2019: €102k
2020: €150k
2021: €247k
2022: €346k
2023: €442k
2018 → 2024
Total assets
€682k▲ 20.1%
2023 · €568k
2018: €129k
2019: €213k
2020: €225k
2021: €456k
2022: €504k
2023: €568k
2018 → 2024
Net result
€92k▼ 4.2%
2023 · €96k
2018: €11k
2019: €12k
2020: €47k
2021: €117k
2022: €117k
2023: €96k
2018 → 2024
Working capital
€482k▲ 25.4%
2023 · €385k
2018: €61k
2019: €87k
2020: €120k
2021: €215k
2022: €278k
2023: €385k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€150k-€247k▲ 65.0%€346k▲ 40.2%€442k▲ 27.8%€534k▲ 20.8%
Operating result€64k-€170k▲ 164%€172k▲ 1.0%€140k▼ 18.8%€136k▼ 2.7%
Net result€47k-€117k▲ 147%€117k▲ 0.5%€96k▼ 18.1%€92k▼ 4.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €682k
Fixed assets
€52k▼ 10.1%
Current assets
€630k▲ 23.5%
Equity and liabilities €682k
Equity
€534k▲ 20.8%
Debt
€148k▲ 17.6%
The debt ratio falls from 22.2% to 21.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€144k▼
2023 · €147k
Cash flow
€100k▼
2023 · €103k
Solvency
78.3%▲
2023 · 77.8%
Current ratio
4.26▲
2023 · 4.06
Quick ratio
4.26▲
2023 · 4.06
Debt / equity
0.28▼
2023 · 0.28
ROE
17.2%▼
2023 · 21.7%
ROA
13.5%▼
2023 · 16.9%
Interest coverage
99.11▲
2023 · 45.86
Debt
€148k▲
2023 · €126k
Debt ≤ 1 year
€148k▲
2023 · €126k
Income taxes
€44k▲
2023 · €41k
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€568k€682k▲
Fixed assets21/28€57k€52k▼
Tangible fixed assets22/27€57k€52k▼
Plant, machinery and equipment23€32k€27k▼
Furniture and vehicles24€25k€24k▼
Current assets29/58€510k€630k▲
Amounts receivable after more than one year29€40k€40k=
Other amounts receivable291€40k€40k=
Amounts receivable within one year40/41€177k€221k▲
Trade receivables40€125k€162k▲
Other amounts receivable41€51k€59k▲
Cash at bank and in hand54/58€294k€368k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€568k€682k▲
Equity10/15€442k€534k▲
Contributions10/11€8k€8k=
Reserves13€403k€495k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€401k€495k▲
Profit (loss) carried forward14€32k€32k=
Amounts payable17/49€126k€148k▲
Amounts payable within one year42/48€126k€148k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€116k€95k▼
Suppliers440/4€116k€95k▼
Advances received on contracts in progress46-€38k
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€11k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€0-
Income statement
Code20232024
Non-recurring operating income76A€28k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€387€17k▲
Gross operating margin9900€147k€161k▲
Operating profit (loss)9901€140k€136k▼
Financial income75/76B€203€2k▲
Recurring financial income75€203€2k▲
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€137k€136k▼
Income taxes67/77€41k€44k▲
Profit (loss) for the period9904€96k€92k▼
Profit (loss) for the period to be appropriated9905€96k€92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€124k▼
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer from equity791/2€0-
Transfer to equity691/2€96k€92k▼
To other reserves6921€96k€92k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €534k ▲20.8%
7 profitable years in a row build equity to €534k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €117k ▲0.5%
Operating result €172k, net result €117k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €247k ▲65%
4 profitable years in a row build equity to €247k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €102k ▲13.7%
2 profitable years in a row build equity to €102k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hove · 1 establishment unit since 2011
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.
Veldkantvoetweg 1292540 HoveGround area
1,631 m²
Building footprint
199 m²
Volume, LiDAR
1,128 m³
Parcel 11021B0088/00B002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldkantvoetweg 129, 2540 Hove
since 20112.194.386.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0088/00B002 | Flanders | 1,631 m² | 1 · 199 m² | 9.9 m · 2 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
TRASHASTKHAN
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BOOSTU
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ARGO RECLAME
BE 0459.913.028
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Visible
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ENGARDE
BE 0890.956.579
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Of 9,810 companies in sector 73110 we hold annual accounts for 3,724. 2,093 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2010
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.