MENCO
Open bankruptcyA bankruptcy procedure is open for MENCO according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €15k and a net result of €6k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€15k▲ 62.0%
2020 · €9k
2018: €8k
2019: €9k
2020: €9k
2018 → 2021
Total assets
€17k▲ 6.7%
2020 · €16k
2018: €17k
2019: €21k
2020: €16k
2018 → 2021
Net result
€6k▲ 978%
2020 · €526
2018: €1k
2019: €155
2020: €526
2018 → 2021
Working capital
€15k▲ 86.4%
2020 · €8k
2018: €7k
2019: €6k
2020: €8k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€8k-€9k▲ 1.8%€9k▲ 6.1%€15k▲ 62.0%
Operating result€930-€267▼ 71.3%€369▲ 38.1%€6k▲ 1,473%
Net result€1k-€155▼ 89.4%€526▲ 240%€6k▲ 978%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 1,473% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €17k
Equity
€15k▲ 62.0%
Debt
€2k▼ 70.7%
The debt ratio falls from 41.7% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2020 · €3k
Cash flow
€7k▲
2020 · €3k
Solvency
88.5%▲
2020 · 58.3%
Current ratio
8.73▲
2020 · 2.21
Quick ratio
1.38▲
2020 · 0.06
Debt / equity
0.13▲
2020 · 0.00
ROE
38.3%▲
2020 · 5.8%
ROA
33.9%▲
2020 · 3.4%
Interest coverage
876.87
Debt
€2k▼
2020 · €7k
Debt ≤ 1 year
€2k▼
2020 · €7k
Income taxes
€116▲
2020 · €50
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€16k€17k▲
Fixed assets21/28€1k€0▼
Tangible fixed assets22/27€1k€0▼
Furniture and vehicles24-€0
Current assets29/58€15k€17k▲
Stocks and contracts in progress3€14k€14k=
Stocks30/36-€14k
Amounts receivable within one year40/41€0€2k▲
Trade receivables40-€1k
Other amounts receivable41-€481
Cash at bank and in hand54/58€387€999▲
Equity and liabilities
Total equity and liabilities10/49€16k€17k▲
Equity10/15€9k€15k▲
Contributions10/11€0€12k▲
Reserves13€469€469=
Non-distributable reserves130/1-€469
Reserves not available under the articles1311-€469
Profit (loss) carried forward14€-4k€2k▲
Amounts payable17/49€7k€2k▼
Amounts payable after more than one year17€0-
Amounts payable within one year42/48€7k€2k▼
Trade debts44€804-
Other amounts payable47/48-€2k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8-€487
Gross operating margin9900€3k€7k▲
Operating profit (loss)9901€369€6k▲
Financial income75/76B-€3
Recurring financial income75€307€3▼
Financial charges65/66B-€8
Recurring financial charges65€100€8▼
Profit (loss) for the period before taxes9903€576€6k▲
Income taxes67/77€50€116▲
Profit (loss) for the period9904€526€6k▲
Profit (loss) for the period to be appropriated9905€526€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2k
Profit (loss) brought forward from the previous period14P-€-4k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · MENCO SPRL RUE JOSEPH JEAN- FILS 110, 4630 SOUMAGNE · event 16-12-2024
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 751 days late
2021
31-12
Financial
Highest result since 2018net €6k ▲978%
Operating result €6k, net result €6k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 8.73
Current ratio from 2.21 to 8.73; short-term debt falls from €7k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Weakest financial yearnet €155 ▼89.4%
Net result drops to €155, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
22-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 22 days late
SignalFinancial 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, Soumagne · 1 establishment unit since 2006
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.
Rue Joseph Jeanfils 1104630 SoumagneGround area
910 m²
Building footprint
242 m²
Volume, LiDAR
2,371 m³
2 parcels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Marque ta Page
since 20062.152.580.151
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62099B0080/00K000 | Wallonia | 688 m² | 1 · 164 m² | 8.3 m · 2 fl. |
| 63020A0727/00K000 | Wallonia | 222 m² | 1 · 77 m² | 17.0 m · 5 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-PHILIPPE RENAUD QUAI DES ARDENNES 65,
4020 LIEGE 2 |
16-12-2024 → present |
| Curator | ALAIN BODEUS QUAI DE
ROME 19/8, 4000 LIEGE 1 |
16-12-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-03-2006
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0496/74.64.16