MENAR TRADING
ActiveMENAR TRADING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-17k) and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
21
/ 100
Critical▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency38▲+5
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.27 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
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
-34.1%
Return on assets
7.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 17987 sector peers (2025).
NBB · sector comparisonPosition among 17987 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
11 d late
2024
111 d late
2023
21 d late
2022
14 d early
2021
40 d early
2020
209 d late
2019
228 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-17k▲ 18.3%
2024 · €-21k
2018: €25k
2019: €17k
2020: €16k
2021: €17k
2022: €26k
2023: €26k
2024: €-21k
2018 → 2025
Total assets
€51k▲ 80.0%
2024 · €28k
2018: €87k
2019: €96k
2020: €113k
2021: €249k
2022: €236k
2023: €83k
2024: €28k
2018 → 2025
Net result
€4k
2024 · €-47k
2018: €778
2019: €-9k
2020: €-535
2021: €875
2022: €8k
2023: €132
2024: €-47k
2018 → 2025
Working capital
€-21k▲ 41.0%
2024 · €-36k
2018: €23k
2019: €13k
2020: €14k
2021: €177k
2022: €200k
2023: €3k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€26k▲ 48.3%€26k▲ 0.5%€-21k€-17k▲ 18.3%
Operating result€2k-€8k▲ 441%€-12k€-46k▼ 273%€4k
Net result€875-€8k▲ 852%€132▼ 98.4%€-47k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €46k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€4k▼ 73.7%
Current assets
€47k▲ 248%
Key figures and ratios
EBITDA
€5k▲
2024 · €-37k
Cash flow
€5k▲
2024 · €-38k
Solvency
-34.1%▲
2024 · -75.2%
Current ratio
0.69▲
2024 · 0.27
Quick ratio
0.69▲
2024 · 0.27
Debt / equity
-3.93▼
2024 · -2.33
ROE
-22.4%▼
2024 · 221.2%
ROA
7.6%▲
2024 · -166.3%
Interest coverage
34.28▲
2024 · -222.17
Debt
€68k▲
2024 · €49k
Debt ≤ 1 year
€68k▲
2024 · €49k
Income taxes
€154▼
2024 · €314
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€28k€51k▲
Fixed assets21/28€15k€4k▼
Tangible fixed assets22/27€13k€2k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€935€552▼
Furniture and vehicles24€10k-
Financial fixed assets28€2k€2k=
Current assets29/58€13k€47k▲
Amounts receivable within one year40/41€11k€41k▲
Trade receivables40€9k€22k▲
Other amounts receivable41€2k€19k▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€378€378=
Equity and liabilities
Total equity and liabilities10/49€28k€51k▲
Equity10/15€-21k€-17k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-40k€-36k▲
Amounts payable17/49€49k€68k▲
Amounts payable within one year42/48€49k€68k▲
Financial debts43€16€16=
Credit institutions430/8€16€16=
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€620€774▲
Taxes450/3€620€774▲
Other amounts payable47/48€46k€67k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€984▼
Other operating charges640/8€5k€343▼
Gross operating margin9900€-32k€6k▲
Operating profit (loss)9901€-46k€4k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€168€151▼
Recurring financial charges65€168€151▼
Profit (loss) for the period before taxes9903€-47k€4k▲
Income taxes67/77€314€154▼
Profit (loss) for the period9904€-47k€4k▲
Profit (loss) for the period to be appropriated9905€-47k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-36k▲
Profit (loss) brought forward from the previous period14P-€-40k
Transfer from equity791/2€7k-
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Weakest financial yearnet €-47k ▼35571%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €8k ▲852%
Operating result €8k, net result €8k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 209 days late
2021
31-12
Financial
Back to profitnet €875
Net result €875 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 4.12
Current ratio from 1.14 to 4.12; short-term debt falls from €97k to €57k.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 228 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-12-2023
Resigned as Manager
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
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.
Bredabaan 3822170 AntwerpenGround area
1,677 m²
Building footprint
795 m²
Volume, LiDAR
6,570 m³
2 parcels, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bisschoppenhoflaan 11, 2100 Antwerpen
since 20162.258.843.057
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0097/00G015 | Flanders | 1,209 m² | 1 · 632 m² | 15.2 m · 3 fl. |
| 11012A0030/00Y002 | Flanders | 468 m² | 1 · 163 m² | 14.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 12,800 EUR awarded · 12,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 12,800 EUR | 12,800 EUR |
Schemes
Hinderpremie bij openbare werken
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LITERIE DE LA LYS
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Of 2,589 companies in sector 47551 we hold annual accounts for 1,702. 984 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2016
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:menar.trading@gmail.com
Phone:0475528564