Mendi

Active

Private limited companyfounded 20197 yrs activeZannekinstraat(PM) 7, 8600 Diksmuide, BelgiumKBO/BCE: BE 0721.697.321

Summary

The computed 12-month bankruptcy probability of Mendi is 2.1% (moderate). The 2024 annual accounts show equity of €96k and a net result of €20k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 5895 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

74 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability83▲+5

Solvency81=

Growth47=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 3.54 against 4.23 in 2023; short-term debt: 26.1% and cash: 32.6% of total assets), and 43.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

78 d late

2022

60 d late

2021

186 d late

2020

34 d early

2019

32 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€230k▲ 0.5%

2019 · €229k

2019: €229k

2019 → 2020

EBIT margin

4.3%▼ 24.6pp

2019 · 28.9%

2019: 28.9%

2019 → 2020

Net result

€20k▲ 94.5%

2023 · €10k

2019: €49k 2020: €7k 2021: €-785 2022: €13k 2023: €10k

2019 → 2024

Working capital

€114k▲ 8.0%

2023 · €105k

2019: €29k 2020: €76k 2021: €79k 2022: €94k 2023: €105k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€230k-

Equity€54k-€56k▲ 2.5%€68k▲ 22.6%€78k▲ 15.0%€96k▲ 23.0%

Operating result€10k-€-184€17k€11k▼ 35.4%€29k▲ 157%

Net result€7k-€-785€13k€10k▼ 19.0%€20k▲ 94.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 157% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €171k

92.6%

Fixed assets €13k ▲ 320%

Current assets €159k ▲ 14.9%

Equity and liabilities €171k

56.3%

17.5%

26.1%

Equity €96k ▲ 23.0%

Provisions €30k =

Debt €45k ▲ 37.2%

The debt ratio rises from 23.1% to 26.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€30k▲

2023 · €13k

Cash flow

€21k▲

2023 · €12k

Current ratio

3.54▼

2023 · 4.23

Debt / equity

0.46▲

2023 · 0.42

ROE

20.6%▲

2023 · 13.0%

ROA

11.6%▲

2023 · 7.2%

Interest coverage

7.27▼

2023 · 37.20

Debt ≤ 1 year

€45k▲

2023 · €33k

Income taxes

€10k▲

2023 · €3k

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 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€141k€171k▲

Fixed assets21/28€3k€13k▲

Tangible fixed assets22/27€3k€12k▲

Plant, machinery and equipment23€3k€1k▼

Furniture and vehicles24-€11k

Financial fixed assets28€450€450=

Current assets29/58€138k€159k▲

Amounts receivable within one year40/41€89k€91k▲

Trade receivables40€46k€37k▼

Other amounts receivable41€43k€54k▲

Cash at bank and in hand54/58€49k€56k▲

Deferred charges and accrued income490/1-€12k

Equity and liabilities

Total equity and liabilities10/49€141k€171k▲

Equity10/15€78k€96k▲

Contributions10/11€20k€20k=

Reserves13€27k€27k=

Distributable reserves133€27k€27k=

Profit (loss) carried forward14€31k€49k▲

Provisions and deferred taxes16€30k€30k=

Provisions for liabilities and charges160/5€30k€30k=

Other liabilities and charges164/5€30k€30k=

Amounts payable17/49€33k€45k▲

Amounts payable within one year42/48€33k€45k▲

Trade debts44€6k€19k▲

Suppliers440/4€6k€19k▲

Taxes, remuneration and social security45€27k€25k▼

Taxes450/3€25k€25k▲

Remuneration and social security454/9€2k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼

Other operating charges640/8€1k€1k▼

Gross operating margin9900€14k€31k▲

Operating profit (loss)9901€11k€29k▲

Financial income75/76B€2k€5k▲

Recurring financial income75€2k€5k▲

Financial charges65/66B€356€4k▲

Recurring financial charges65€356€4k▲

Profit (loss) for the period before taxes9903€13k€30k▲

Income taxes67/77€3k€10k▲

Profit (loss) for the period9904€10k€20k▲

Profit (loss) for the period to be appropriated9905€10k€20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€31k€49k▲

Profit (loss) brought forward from the previous period14P€21k€30k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

17-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 78 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

02-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 186 days late

2022

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

2021

31-12

Financial Weakest financial yearnet €-785 ▼111%

Net result drops to €-785, the lowest in the series; recovery starts the following year.

27-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 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, Diksmuide · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Zannekinstraat(PM) 78600 Diksmuide

Ground area

105 m²

Building footprint

62 m²

Volume, LiDAR

326 m³