MENDOA
ActiveThe computed 12-month bankruptcy probability of MENDOA is 6.1% (elevated). The 2024 annual accounts show equity of €773 and a net result of €-525. Equity is shrinking by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency59▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
balance sheet total too small for a liquidity verdict.
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 · 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 · 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 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
424 d late
2022
790 d late
2021
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€773▼ 40.5%
2023 · €1k
2021: €5k
2022: €3k
2023: €1k
2021 → 2024
Total assets
€2k▼ 39.1%
2023 · €4k
2021: €13k
2022: €5k
2023: €4k
2021 → 2024
Net result
€-525▲ 72.0%
2023 · €-2k
2021: €3k
2022: €-2k
2023: €-2k
2021 → 2024
Working capital
€773▼ 33.4%
2023 · €1k
2021: €3k
2022: €2k
2023: €1k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€5k-€3k▼ 38.5%€1k▼ 59.1%€773▼ 40.5%
Operating result€5k-€-2k€-2k▲ 3.3%€-239▲ 86.0%
Net result€3k-€-2k€-2k▲ 5.5%€-525▲ 72.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €239 in 2024 against €2k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2k
Equity
€773▼ 40.5%
Debt
€1k▼ 38.3%
The debt ratio rises from 64.9% to 65.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-101▲
2023 · €-832
Cash flow
€-387▲
2023 · €-1k
Interest coverage
-0.35▲
2023 · -4.80
Debt
€1k▼
2023 · €2k
Debt ≤ 1 year
€1k▼
2023 · €2k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
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
Balance sheet
Code20232024
Assets
Total assets20/58€4k€2k▼
Fixed assets21/28€138-
Tangible fixed assets22/27€138-
Plant, machinery and equipment23€111-
Furniture and vehicles24€27-
Current assets29/58€4k€2k▼
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€908-
Other amounts receivable41€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€4k€2k▼
Equity10/15€1k€773▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-701€-1k▼
Amounts payable17/49€2k€1k▼
Amounts payable within one year42/48€2k€1k▼
Financial debts43€19€30▲
Credit institutions430/8€19€30▲
Trade debts44€1k-
Suppliers440/4€1k-
Other amounts payable47/48€1k€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€871€138▼
Non-recurring operating charges66A-€400
Gross operating margin9900€-832€300▲
Operating profit (loss)9901€-2k€-239▲
Financial charges65/66B€174€287▲
Recurring financial charges65€174€287▲
Profit (loss) for the period before taxes9903€-2k€-525▲
Profit (loss) for the period9904€-2k€-525▲
Profit (loss) for the period to be appropriated9905€-2k€-525▲
Appropriation of the result
Profit (loss) to be appropriated9906€-701€-1k▼
Profit (loss) brought forward from the previous period14P€1k€-701▼
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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 424 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 790 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼163%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 119 days late
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, Vorst · 1 establishment unit since 2020
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.
Jules Franquistraat 391190 VorstGround area
107 m²
Building footprint
107 m²
Volume, LiDAR
1,596 m³
Parcel 21007A0027/00E009, Brussels · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MENDOA
since 20202.306.122.639
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0027/00E009 | Brussels | 107 m² | 1 · 106 m² | 20.2 m · 5 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.
Similar companies · same sector, comparable size
DAG BOUW
BE 1017.229.595
Herk-de-Stad · Eq €771
SRL Michael POIDLINS
BE 0773.825.220
Momignies · Eq €777
SCHMITZ CONCEPT
BE 0463.445.907
Remicourt · Eq €777
TRAVECO
BE 0536.565.002
Fosses-la-Ville · Eq €765
VERVISCH
BE 0461.063.269
Beernem · Eq €782
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 1,490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0489885723