MENAPII
ActiveMENAPII has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €10k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+11
Solvency34▲+1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.18 against 2.66 in 2024; short-term debt: 45.8% and cash: 2.2% of total assets), but 91.1% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.9%
Return on assets
2.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€40k▲ 33.7%
2024 · €30k
2022: €24k
2023: €29k
2024: €30k
2022 → 2025
Total assets
€445k▲ 20.2%
2024 · €370k
2022: €208k
2023: €255k
2024: €370k
2022 → 2025
Net result
€10k▲ 2,510%
2024 · €382
2022: €4k
2023: €6k
2024: €382
2022 → 2025
Working capital
€240k▲ 4.5%
2024 · €230k
2022: €16k
2023: €29k
2024: €230k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€24k-€29k▲ 23.8%€30k▲ 1.3%€40k▲ 33.7%
Operating result€7k-€11k▲ 60.8%€14k▲ 25.7%€27k▲ 89.0%
Net result€4k-€6k▲ 56.9%€382▼ 93.2%€10k▲ 2,510%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445k
Fixed assets
€471▼ 55.6%
Current assets
€444k▲ 20.4%
Equity and liabilities €445k
Equity
€40k▲ 33.7%
Debt
€405k▲ 19.0%
The debt ratio falls from 92.0% to 91.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2024 · €15k
Cash flow
€11k▲
2024 · €941
Solvency
8.9%▲
2024 · 8.0%
Current ratio
2.18▼
2024 · 2.66
Quick ratio
1.14▲
2024 · 1.03
Debt / equity
10.25▼
2024 · 11.51
ROE
25.2%▲
2024 · 1.3%
ROA
2.2%▲
2024 · 0.1%
Interest coverage
2.11▲
2024 · 1.09
Debt
€405k▲
2024 · €340k
Debt ≤ 1 year
€204k▲
2024 · €139k
Debt > 1 year
€200k=
2024 · €200k
Income taxes
€4k▲
2024 · €316
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€370k€445k▲
Fixed assets21/28€1k€471▼
Tangible fixed assets22/27€1k€471▼
Furniture and vehicles24€1k€471▼
Current assets29/58€369k€444k▲
Stocks and contracts in progress3€226k€211k▼
Stocks30/36€226k€211k▼
Amounts receivable within one year40/41€132k€221k▲
Trade receivables40€130k€220k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1€331€2k▲
Equity and liabilities
Total equity and liabilities10/49€370k€445k▲
Equity10/15€30k€40k▲
Contributions10/11€20k€20k=
Reserves13€10k€20k▲
Distributable reserves133€10k€20k▲
Amounts payable17/49€340k€405k▲
Amounts payable after more than one year17€200k€200k=
Financial debts170/4€200k€200k=
Amounts payable within one year42/48€139k€204k▲
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€80k€133k▲
Suppliers440/4€80k€133k▲
Taxes, remuneration and social security45€316€4k▲
Taxes450/3€316€4k▲
Other amounts payable47/48€8k€17k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€559€589▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€708€128▼
Non-recurring operating charges66A€0-
Gross operating margin9900€15k€36k▲
Operating profit (loss)9901€14k€27k▲
Financial income75/76B€0€19▲
Recurring financial income75€0€19▲
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€698€14k▲
Income taxes67/77€316€4k▲
Profit (loss) for the period9904€382€10k▲
Profit (loss) for the period to be appropriated9905€382€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€382€10k▲
Transfer to equity691/2€382€10k▲
To other reserves6921€382€10k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (9 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
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2022net €10k ▲2510%
Operating result €27k, net result €10k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €382 ▼93.2%
Net result drops to €382, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 2.66
Current ratio from 1.13 to 2.66; short-term debt falls from €224k to €139k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Pittem · 1 establishment unit since 2021
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.
Vijfstraat 88740 PittemGround area
7,305 m²
Building footprint
490 m²
Volume, LiDAR
2,628 m³
Parcel 37011C0367/00W000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MENAPII
since 20212.323.566.308
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011C0367/00W000 | Flanders | 7,305 m² | 1 · 490 m² | 9.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePittem2.323.566.308
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Keurslager Nico en Xander
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Of 756 companies in sector 46321 we hold annual accounts for 551. 237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2021
Fiscal year end30-09
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
01420Raising of other cattle and buffaloes
46212Wholesale trade
47221Retail sale of meat and meat products, excluding game and poultry
47271Retail trade
47291Retail trade
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.