MENDY
ActiveSummary
The computed 12-month bankruptcy probability of MENDY is 1.7% (moderate). The 2025 annual accounts show equity of €3,273 and a net result of €16,694. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-26
Solvency27▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
7.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 23%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
59 d late
2023
30 d late
2022
72 d late
2021
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,273
2024 · -€13,421
Total assets
€212,481▼ 22.9%
2024 · €275,668
Net result
€16,694▼ 76.1%
2024 · €69,751
Working capital
-€40,270▲ 40.0%
2024 · -€67,119
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€27,709--€18,932▲ 31.7%-€29,995▼ 58.4%€67,767€24,603▼ 63.7%
Net result-€28,526below the sector's middle half--€23,427below the sector's middle half▲ 17.9%-€37,219below the sector's middle half▼ 58.9%€69,751above the sector's middle half€16,694within the sector's middle half▼ 76.1%
Equity-€22,526below the sector's middle half--€45,953below the sector's middle half▼ 104%-€83,172below the sector's middle half▼ 81.0%-€13,421below the sector's middle half▲ 83.9%€3,273within the sector's middle half
Total assets€124,798within the sector's middle half-€214,533within the sector's middle half▲ 71.9%€231,390within the sector's middle half▲ 7.9%€275,668within the sector's middle half▲ 19.1%€212,481within the sector's middle half▼ 22.9%
Debt€147,324-€260,486▲ 76.8%€314,562▲ 20.8%€289,089▼ 8.1%€209,208▼ 27.6%
Working capital-€37,876below the sector's middle half--€62,051below the sector's middle half▼ 63.8%-€109,124below the sector's middle half▼ 75.9%-€67,119below the sector's middle half▲ 38.5%-€40,270below the sector's middle half▲ 40.0%
Solvency-18.0%below the sector's middle half--21.4%below the sector's middle half▼ 3.4pp-35.9%below the sector's middle half▼ 14.5pp-4.9%below the sector's middle half▲ 31.1pp1.5%below the sector's middle half▲ 6.4pp
Current ratio0.74below the sector's middle half-0.75below the sector's middle half=0.65below the sector's middle half▼ 0.100.77below the sector's middle half▲ 0.120.79below the sector's middle half▲ 0.03
Return on assets (ROA)-22.9%below the sector's middle half--10.9%below the sector's middle half▲ 11.9pp-16.1%below the sector's middle half▼ 5.2pp25.3%above the sector's middle half▲ 41.4pp7.9%within the sector's middle half▼ 17.4pp
Staff (FTE)2.2-1.6▼ 27.3%3.6▲ 125%6.5▲ 80.6%5.5▼ 15.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,481
Fixed assets
€58,715 ▲ 4.5%
Current assets
€153,765 ▼ 29.9%
Equity and liabilities €212,481
Equity
€3,273
Debt
€209,208
Debt finances 98.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,860▼
2024 · €84,001
Cash flow
€34,951▼
2024 · €85,985
Quick ratio
0.33▼
2024 · 0.75
Debt to equity
63.93▲
2024 · -21.54
ROE
510.1%
Interest coverage
5.42▼
2024 · 21.33
Debt ≤ 1 year
€194,036▼
2024 · €286,589
Debt > 1 year
€15,172
Staff costs
€97,372▲
2024 · €85,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,151 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €700 | - | - | - | - |
| Remuneration, social security and pensions62 | €34,070 | €49,967 | €61,111 | €85,717 | €97,372 | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €798 | €5,519 | €8,421 | €16,234 | €18,257 | ▲ 12.5% |
| Other operating charges640/8 | €206 | €1,769 | €2,666 | €129 | €3,065 | ▲ 2,285% |
| Gross operating margin9900 | €7,365 | €38,323 | €42,203 | €169,847 | €143,297 | ▼ 15.6% |
| Operating profit (loss)9901 | -€27,709 | -€18,932 | -€29,995 | €67,767 | €24,603 | ▼ 63.7% |
| Financial income75/76B | €1 | €1 | €0 | €5,921 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1 | €1 | €0 | €5,921 | €0 | ▼ 100.0% |
| Financial charges65/66B | €730 | €4,496 | €7,225 | €3,938 | €7,909 | ▲ 101% |
| Recurring financial charges65 | €730 | €4,496 | €7,225 | €3,938 | €7,909 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€28,439 | -€23,427 | -€37,219 | €69,751 | €16,694 | ▼ 76.1% |
| Income taxes67/77 | €87 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€28,526 | -€23,427 | -€37,219 | €69,751 | €16,694 | ▼ 76.1% |
| Profit (loss) for the period to be appropriated9905 | -€28,526 | -€23,427 | -€37,219 | €69,751 | €16,694 | ▼ 76.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,798 | €214,533 | €231,390 | €275,668 | €212,481 | ▼ 22.9% |
| Fixed assets21/28 | €15,350 | €31,098 | €30,952 | €56,198 | €58,715 | ▲ 4.5% |
| Intangible fixed assets21 | - | €1,017 | €3,192 | €1,796 | €400 | ▼ 77.7% |
| Tangible fixed assets22/27 | €15,350 | €30,082 | €27,760 | €54,401 | €58,315 | ▲ 7.2% |
| Land and buildings22 | - | €4,562 | €4,083 | €10,779 | €27,204 | ▲ 152% |
| Plant, machinery and equipment23 | €14,641 | €25,077 | €22,296 | €39,297 | €28,974 | ▼ 26.3% |
| Furniture and vehicles24 | €709 | €443 | €1,381 | €4,325 | €2,136 | ▼ 50.6% |
| Current assets29/58 | €109,448 | €183,435 | €200,438 | €219,470 | €153,765 | ▼ 29.9% |
| Stocks and contracts in progress3 | €5,000 | €5,000 | €5,000 | €5,000 | €90,699 | ▲ 1,714% |
| Stocks30/36 | €5,000 | €5,000 | €5,000 | €5,000 | €90,699 | ▲ 1,714% |
| Amounts receivable within one year40/41 | €65,924 | €154,214 | €103,113 | €127,017 | €9,262 | ▼ 92.7% |
| Trade receivables40 | €63,355 | €103,964 | €11,165 | €12,549 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,568 | €50,250 | €91,948 | €114,468 | €9,262 | ▼ 91.9% |
| Cash at bank and in hand54/58 | €38,524 | €23,364 | €91,194 | €86,695 | €49,730 | ▼ 42.6% |
| Deferred charges and accrued income490/1 | - | €857 | €1,131 | €758 | €4,075 | ▲ 438% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,798 | €214,533 | €231,390 | €275,668 | €212,481 | ▼ 22.9% |
| Equity10/15 | -€22,526 | -€45,953 | -€83,172 | -€13,421 | €3,273 | ▲ 124% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | €14,432 | €14,432 | €14,432 | €14,432 | = |
| Distributable reserves133 | - | €14,432 | €14,432 | €14,432 | €14,432 | = |
| Profit (loss) carried forward14 | -€28,526 | -€66,385 | -€103,604 | -€33,854 | -€17,159 | ▲ 49.3% |
| Amounts payable17/49 | €147,324 | €260,486 | €314,562 | €289,089 | €209,208 | ▼ 27.6% |
| Amounts payable after more than one year17 | - | - | - | - | €15,172 | - |
| Financial debts170/4 | - | - | - | - | €15,172 | - |
| Amounts payable within one year42/48 | €147,324 | €245,486 | €309,562 | €286,589 | €194,036 | ▼ 32.3% |
| Trade debts44 | €116,467 | €227,891 | €282,809 | €252,519 | €60,949 | ▼ 75.9% |
| Suppliers440/4 | €116,467 | €227,891 | €282,809 | €252,519 | €60,949 | ▼ 75.9% |
| Taxes, remuneration and social security45 | €16,114 | €17,349 | €26,330 | €33,651 | €9,472 | ▼ 71.9% |
| Taxes450/3 | €6,533 | €8,028 | €12,410 | €26,515 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €9,581 | €9,322 | €13,920 | €7,136 | €9,472 | ▲ 32.7% |
| Other amounts payable47/48 | €14,743 | €246 | €424 | €419 | €123,616 | ▲ 29,404% |
| Accrued charges and deferred income492/3 | - | €15,000 | €5,000 | €2,500 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,526 | -€23,427 | -€37,219 | €69,751 | €16,694 | ▼ 76.1% |
| + Depreciation and write-downs630 | €798 | €5,519 | €8,421 | €16,234 | €18,257 | ▲ 12.5% |
| Operating cash flow (approximation) | -€27,728 | -€17,908 | -€28,798 | €85,985 | €34,951 | ▼ 59.4% |
| Investment in fixed assets (approximation) | - | -€21,268 | -€8,275 | -€41,480 | -€20,775 | ▲ 49.9% |
| Change in cash | - | -€15,160 | €67,830 | -€4,499 | -€36,965 | ▼ 722% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Back to profitnet €69,751
Net result €69,751 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€37,219
Net result drops to -€37,219, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Tielt-Winge · 1 establishment unit since 2021
Ground area
1,256 m²
Building footprint
235 m²
Volume, LiDAR
1,269 m³
Parcel 24101D0003/00Z005, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MENDY
since 20212.318.196.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24101D0003/00Z005 | Flanders | 1,256 m² | 1 · 235 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 · 1 entry · 768 EUR awarded · 768 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 768 EUR | 768 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt-Winge2.318.196.565
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
10120Manufacture of food products
10130Manufacture of food products
46331Wholesale trade
46389Wholesale of other food products
47210Retail sale of fruit and vegetables
47222Retail trade
47271Retail trade
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768456665
Also
9925:BE0768456665
Registered
12-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.