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Menapiix

Active
Private limited companyfounded 2025active for 1 yearBellegemsestraat(Bel) 37, 8510 Kortrijk, BelgiumKBO/BCE: BE 1022.496.103
Summary

Menapiix has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,195 and a net result of €11,528. Its solvency ranks better than 55% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
≈ €160,000turnover 2025, estimated
Equity
€13,195
Profit
€11,528
Turnover estimated from the gross margin
Financial health
71 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
2025 accounts 4 days early
Why 71raises riskFounded in 2025Size: total assets €25,808lowers riskLiquidity: current ratio 1.85, cash €9,907Equity €13,195 (51.1% of total assets)Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 73% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 76
equity 51.1% of total assets
Liquidity 74
short-term debt 48.9% · cash 38.4%
Profitability 100
return on assets 44.7%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)
Last 24 months 05-2026: 1.9% 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 2.0%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.7%▼ -1.3 percentage points vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.85, above the usual 1.5; short-term debt: 48.9% and cash: 38.4% of total assets), and 48.9% of the assets are financed with debt and provisions.
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 56% on solvency, 72% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 28-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.85, cash €9,907
NBB · annual accounts
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €25,808
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €13,195 (51.1% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
4 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: SNEYERS Xavier Joris Marc…

Financials · financial year 2025, micro format

Turnover
≈ €160,000
Estimated: probably between €90,000 and €330,000
Total assets
€25,808
Net result
€11,528
Working capital
€10,782

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €25,808
Fixed assets €2,413
Current assets €23,395
Equity and liabilities €25,808
Equity €13,195
Debt €12,613
Debt finances 48.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€14,947
Cash flow
€11,584
Current ratio
1.85
Debt to equity
0.96
ROE
87.4%
ROA
44.7%
Interest coverage
over 100
Debt ≤ 1 year
€12,613
Income taxes
€3,311

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,279 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€25,808
Fixed assets21/28€2,413
Tangible fixed assets22/27€2,413
Plant, machinery and equipment23€1,663
Furniture and vehicles24€749
Current assets29/58€23,395
Amounts receivable within one year40/41€7,125
Trade receivables40€6,249
Other amounts receivable41€876
Cash at bank and in hand54/58€9,907
Deferred charges and accrued income490/1€6,363
Equity and liabilities
Total equity and liabilities10/49€25,808
Equity10/15€13,195
Contributions10/11€2,500
Profit (loss) carried forward14€10,695
Amounts payable17/49€12,613
Amounts payable within one year42/48€12,613
Trade debts44€456
Suppliers440/4€456
Taxes, remuneration and social security45€3,311
Taxes450/3€3,311
Other amounts payable47/48€8,846
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56
Other operating charges640/8€290
Gross operating margin9900€15,237
Operating profit (loss)9901€14,891
Financial charges65/66B€52
Recurring financial charges65€52
Profit (loss) for the period before taxes9903€14,839
Income taxes67/77€3,311
Profit (loss) for the period9904€11,528
Profit (loss) for the period to be appropriated9905€11,528
Appropriation of the result
Profit (loss) to be appropriated9906€11,528
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56
Other operating charges640/8€290
Gross operating margin9900€15,237
Operating profit (loss)9901€14,891
Financial charges65/66B€52
Recurring financial charges65€52
Profit (loss) for the period before taxes9903€14,839
Income taxes67/77€3,311
Profit (loss) for the period9904€11,528
Profit (loss) for the period to be appropriated9905€11,528
Line2025
Assets
Total assets20/58€25,808
Fixed assets21/28€2,413
Tangible fixed assets22/27€2,413
Plant, machinery and equipment23€1,663
Furniture and vehicles24€749
Current assets29/58€23,395
Amounts receivable within one year40/41€7,125
Trade receivables40€6,249
Other amounts receivable41€876
Cash at bank and in hand54/58€9,907
Deferred charges and accrued income490/1€6,363
Equity and liabilities
Total equity and liabilities10/49€25,808
Equity10/15€13,195
Contributions10/11€2,500
Profit (loss) carried forward14€10,695
Amounts payable17/49€12,613
Amounts payable within one year42/48€12,613
Trade debts44€456
Suppliers440/4€456
Taxes, remuneration and social security45€3,311
Taxes450/3€3,311
Other amounts payable47/48€8,846
Line2025
Profit (loss) for the period9904€11,528
+ Depreciation and write-downs630€56
Operating cash flow (approximation)€11,584

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00350983

Similar companies · same sector, comparable size

Of the 19,855 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,302. 5,431 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
SNEYERS Xavier Joris Marc Marcel
Director (not named in the articles) · since 15-04-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
SNEYERS Xavier Joris Marc Marcel
  • Director (not named in the articles), from 15-04-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 22-04-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 22-04-2025 Incorporation · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 17 April 2025, Menapiix was incorporated as a private limited company by one natural person.12 SNEYERS Xavier Joris Marc Marcel has served as director of the company since 2025.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-04-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
27-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
22-04
Gazette deed Incorporation
Appointment: SNEYERS Xavier Joris Marc Marcel (director) · Founder · Founding capital6 facts ▸
  • Founder, SNEYERS Xavier Joris Marc Marcel
  • Incorporation, 15-04-2025
  • Founding capital
  • Other provision, “statutair (on)beschikbare eigen vermogensrekening, beschikbare eigen vermogensrekening” (deed in Dutch)
  • Registered office clause, “8510 Kortrijk (Bellegem), Bellegemsestraat 37” (deed in Dutch)
  • Director appointment, SNEYERS Xavier Joris Marc Marcel (director (not named in the articles))
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded17-04-2025
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
41002General construction of office buildings
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022496103
Also 9925:BE1022496103
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 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 1022.496.103

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
492 m²
Building footprint
150 m²
Building volume
908 m³
Parcel 34005C0311/00R000, Flanders · tallest building 10.9 m. Linked by address, not a title deed.
1 establishment unit
Menapiix
Bellegemsestraat(Bel) 37, 8510 KortrijkJoinery installation
since 2025unit no. 2.373.168.841
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34005C0311/00R000 Flanders 492 m² 1 · 150 m² 10.9 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Menapiix
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 22-04-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)

deed of 22-04-2025

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s) naar evenredigheid van verworven aantal aandelen, ook bij…” (deed in Dutch)

deed of 22-04-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Friday of June at 18:00

deed of 22-04-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
One provision in the deed

deed of 22-04-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Interne bestuursbevoegdheid, handelingen waarvoor volgens wet of statuten alleen algemene vergadering bevoegd is” (deed in Dutch)
Other provision: “Toegang algemene vergadering, houder effecten op naam ingeschreven in register effecten op naam per categorie” (deed in Dutch)
Other provision: “Stemrecht-beraadslagingen, wettelijke en statutaire bepalingen aandelen zonder stemrecht” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
1 more provision in the deed, see the deed of 22-04-2025

deed of 22-04-2025