MENEDIC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MENEDIC is 0.8% (low). The 2025 annual accounts show equity of €156k and a net result of €110k. Equity is shrinking by ~17.2% per year across the filed fiscal years. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	11-12-2025	51 d early	2025-00584839
30-06-2024	31-01-2025	09-01-2025	22 d early	2025-00003038
30-06-2023	31-01-2024	11-12-2023	51 d early	2023-00527499
30-06-2022	31-01-2023	12-12-2022	50 d early	2022-20536734
30-06-2021	31-01-2022	14-12-2021	48 d early	2021-80300044
30-06-2020	31-01-2021	14-12-2020	48 d early	2020-75500444
30-06-2019	31-01-2020	16-12-2019	46 d early	2019-76200547
30-06-2018	31-01-2019	06-12-2018	56 d early	2018-73800381
30-06-2017	31-01-2018	19-12-2017	43 d early	2017-72300535
30-06-2016	31-01-2017	16-12-2016	46 d early	2016-70400387

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2001, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€219k-15.6%

EBIT margin33.9%-3.0pp

Net result€110k-17.0%

Working capital€159k-48.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 11-12-2025 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~17.2%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue

€219k

-15.6% 19-25

EBITDA

€153k

-15.0% 19-25

Net profit

€110k

-17.0% 19-25

Cash flow

€121k

-14.4% 19-25

Total assets

€505k

-15.0% 19-25

Equity

€156k

-47.1% 19-25

Working capital

€159k

-48.8% 19-25

Income taxes

€34k

-17.4% 19-25

Dividends

€250k

+26.3% 19-25

Debt

€297k

+20.3% 19-25

Debt ≤ 1y

€283k

+24.4% 19-25

Debt > 1y

€10k

-29.3% 19-25

Current ratio

1.56

-34.0% 19-25

Quick ratio

1.56

-34.0% 19-25

Solvency

30.9%

-37.8% 19-25

Debt / equity

1.90

+127.4% 19-25

ROE

70.6%

+56.9% 19-25

ROA

21.8%

-2.4% 19-25

Net margin

38.9%

+29.9% 19-25

EBITDA margin

39.8%

-5.8% 19-25

Interest coverage

20.04

+1.1% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€153k
Net profit	€110k
Cash flow	€121k
Staff costs	-
Income taxes	€34k
Dividends	€250k
Total assets	€505k
Equity	€156k
Debt	€297k
of which ≤ 1y	€283k
of which > 1y	€10k
Working capital	€159k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.56
Quick ratio	1.56
Working capital ratio	31.5%
Solvency	30.9%
Debt / equity	1.90
Long-term debt ratio	0.07
Interest coverage	20.04
Gross margin	-
Net margin	-
ROA	21.8%
ROE	70.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €63k · 12.5% Current assets €442k · 87.5%

Equity & liabilities

Equity €156k · 30.9% Provisions €52k · 10.3% Debt €297k · 58.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€505k
Fixed assets	21/28	€63k
Tangible fixed assets	22/27	€63k
Financial fixed assets	28	€275
Current assets	29/58	€442k
Amounts receivable within one year	40/41	€1k
Cash & bank	54/58	€52k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€505k
Equity	10/15	€156k
Contributions / capital	10/11	€74k
Reserves	13	€82k
Provisions & deferred taxes	16	€52k
Amounts payable	17/49	€297k
Amounts payable after one year	17	€10k
Amounts payable within one year	42/48	€283k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€155k
Operating result	9901	€142k
Financial income	75	€10k
Financial charges	65	€8k
Result before taxes	9903	€144k
Income taxes	67/77	€34k
Net result for the period	9904	€110k
Result to be appropriated	9905	€110k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Locations & real estate

Registered office

from the Crossroads Bank

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 de la Cité 135640 Mettet

Parcels1

Ground area5,364 m²

Buildings1

Building footprint136 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92087D0767/00H000	Wallonia	5,364 m²	1 · 136 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 100

Solvency 64

Growth 38

Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

MENEDIC

Registered office

Rue de la Cité 13

5640 Mettet, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.