Menenstraat
ActiveSummary
Menenstraat has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,037 and a net result of €66,306. Equity is shrinking by ~20.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 22% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+52
Solvency33▲+7
Growth85▲+63
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.32 in 2024; short-term debt: 67% and cash: 21.7% of total assets), and 91.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
8.4%
Return on assets
7.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4616 sector peers (2025).
NBB · sector comparisonPosition among 4616 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €76,037
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
4 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€210,923▲ 727%
2022 · €25,500
EBIT margin
43.4%▲ 58.2pp
2022 · -14.8%
Net result
€66,306
2024 · -€14,299
Working capital
-€335,869▲ 11.7%
2024 · -€380,525
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Turnover€1▼ 100.0%€25,500▲ 5,099,900%€210,923
Operating result-€4,536-€3,782▲ 16.6%-€6,250▼ 65.2%-€7,663▼ 22.6%€91,511
Net result-€9,342within the sector's middle half▼ 775%-€8,899within the sector's middle half▲ 4.7%-€9,995within the sector's middle half▼ 12.3%-€14,299within the sector's middle half▼ 43.1%€66,306within the sector's middle half
EBIT margin-907218.0%▼ 907260.2pp-14.8%▲ 907203.2pp43.4%
Equity€42,925below the sector's middle half▼ 17.9%€34,026below the sector's middle half▼ 20.7%€24,030below the sector's middle half▼ 29.4%€9,731below the sector's middle half▼ 59.5%€76,037below the sector's middle half▲ 681%
Total assets€565,906below the sector's middle half▼ 21.3%€554,405below the sector's middle half▼ 2.0%€595,396below the sector's middle half▲ 7.4%€815,907within the sector's middle half▲ 37.0%€901,397below the sector's middle half▲ 10.5%
Debt€522,981▼ 21.5%€520,379▼ 0.5%€571,365▲ 9.8%€806,176▲ 41.1%€825,359▲ 2.4%
Working capital-€308,075below the sector's middle half▼ 3.1%-€316,974below the sector's middle half▼ 2.9%-€347,108below the sector's middle half▼ 9.5%-€380,525below the sector's middle half▼ 9.6%-€335,869below the sector's middle half▲ 11.7%
Solvency7.6%within the sector's middle half▲ 0.3pp6.1%below the sector's middle half▼ 1.4pp4.0%below the sector's middle half▼ 2.1pp1.2%below the sector's middle half▼ 2.8pp8.4%below the sector's middle half▲ 7.2pp
Current ratio0.41below the sector's middle half▼ 0.140.39below the sector's middle half▼ 0.020.35below the sector's middle half▼ 0.040.32below the sector's middle half▼ 0.030.44within the sector's middle half▲ 0.13
Return on assets (ROA)-1.7%below the sector's middle half▼ 1.5pp-1.6%below the sector's middle half=-1.7%within the sector's middle half▼ 0.1pp-1.8%within the sector's middle half▼ 0.1pp7.4%above the sector's middle half▲ 9.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €91,511 after a loss of €7,663 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €901,397
Fixed assets
€633,469 ▼ 1.1%
Current assets
€267,928 ▲ 52.5%
Equity and liabilities €901,397
Equity
€76,037 ▲ 681%
Debt
€825,359 ▲ 2.4%
Debt's share of the balance-sheet total falls from 98.8% to 91.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98,298
Cash flow
€73,093
Quick ratio
0.34▲
2024 · 0.01
Debt to equity
10.85▼
2024 · 82.85
ROE
87.2%▲
2024 · -146.9%
Interest coverage
6.52
Debt ≤ 1 year
€603,797▲
2024 · €556,176
Debt > 1 year
€220,835▼
2024 · €250,000
Income taxes
€8,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 536 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.4%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 536 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €25,500 | - | - | €210,923 | - |
| Turnover70 | €1 | €25,500 | - | - | €210,923 | - |
| Operating charges60/66A | - | €29,282 | €6,250 | €7,663 | €119,411 | ▲ 1,458% |
| Goods for resale, raw materials and consumables60 | - | €21,021 | - | - | €107,900 | - |
| Purchases600/8 | - | - | €3,675 | - | - | - |
| Change in stocks: decrease (increase)609 | - | €21,021 | -€3,675 | - | €107,900 | - |
| Services and other goods61 | - | €2,658 | €4,951 | €7,053 | €4,106 | ▼ 41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €6,787 | - |
| Other operating charges640/8 | - | €5,604 | €1,300 | €610 | €618 | ▲ 1.3% |
| Operating profit (loss)9901 | -€4,536 | -€3,782 | -€6,250 | -€7,663 | €91,511 | ▲ 1,294% |
| Financial income75/76B | - | - | €1,767 | - | - | - |
| Recurring financial income75 | €1 | - | €1,767 | - | - | - |
| Income from financial fixed assets750 | - | - | €1,767 | - | - | - |
| Other financial income752/9 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €5,116 | €5,512 | €6,636 | €16,935 | ▲ 155% |
| Recurring financial charges65 | €4,806 | €5,116 | €5,512 | €6,636 | €16,935 | ▲ 155% |
| Debt charges650 | €4,275 | - | €4,298 | €4,395 | €15,083 | ▲ 243% |
| Other financial charges652/9 | - | €5,116 | €1,214 | €2,241 | €1,853 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€9,342 | -€8,899 | -€9,995 | -€14,299 | €74,576 | ▲ 622% |
| Income taxes67/77 | - | - | - | - | €8,269 | - |
| Taxes670/3 | - | - | - | - | €8,269 | - |
| Profit (loss) for the period9904 | -€9,342 | -€8,899 | -€9,995 | -€14,299 | €66,306 | ▲ 564% |
| Profit (loss) for the period to be appropriated9905 | -€9,342 | -€8,899 | -€9,995 | -€14,299 | €66,306 | ▲ 564% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €565,906 | €554,405 | €595,396 | €815,907 | €901,397 | ▲ 10.5% |
| Fixed assets21/28 | €351,000 | €351,000 | €411,138 | €640,256 | €633,469 | ▼ 1.1% |
| Tangible fixed assets22/27 | - | - | €60,138 | €290,256 | €283,469 | ▼ 2.3% |
| Land and buildings22 | - | - | €17,738 | €17,738 | €283,469 | ▲ 1,498% |
| Assets under construction and advance payments27 | - | - | €42,400 | €272,518 | - | - |
| Financial fixed assets28 | €351,000 | €351,000 | €351,000 | €350,000 | €350,000 | = |
| Companies linked by participating interests282/3 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Participating interests282 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Other financial fixed assets284/8 | - | €1,000 | €1,000 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €1,000 | €1,000 | - | - | - |
| Current assets29/58 | €214,906 | €203,405 | €184,258 | €175,651 | €267,928 | ▲ 52.5% |
| Stocks and contracts in progress3 | €207,737 | €186,716 | €172,653 | €172,653 | €64,753 | ▼ 62.5% |
| Stocks30/36 | - | €186,716 | €172,653 | €172,653 | €64,753 | ▼ 62.5% |
| Raw materials and consumables30/31 | - | €186,716 | €172,653 | €172,653 | €64,753 | ▼ 62.5% |
| Amounts receivable within one year40/41 | - | €12,500 | €5,761 | €1,965 | €7,257 | ▲ 269% |
| Trade receivables40 | - | €12,500 | €5,000 | - | €688 | - |
| Other amounts receivable41 | - | - | €761 | €1,965 | €6,569 | ▲ 234% |
| Cash at bank and in hand54/58 | €7,169 | €4,189 | €5,844 | €1,033 | €195,918 | ▲ 18,860% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €565,906 | €554,405 | €595,396 | €815,907 | €901,397 | ▲ 10.5% |
| Equity10/15 | €42,925 | €34,026 | €24,030 | €9,731 | €76,037 | ▲ 681% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €36,725 | €27,826 | €17,830 | €3,531 | €69,837 | ▲ 1,878% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €25,966 | €15,970 | €3,531 | €69,837 | ▲ 1,878% |
| Amounts payable17/49 | €522,981 | €520,379 | €571,365 | €806,176 | €825,359 | ▲ 2.4% |
| Amounts payable after more than one year17 | - | - | €40,000 | €250,000 | €220,835 | ▼ 11.7% |
| Financial debts170/4 | - | - | €40,000 | €250,000 | €220,835 | ▼ 11.7% |
| Credit institutions173 | - | - | €40,000 | €250,000 | €220,835 | ▼ 11.7% |
| Amounts payable within one year42/48 | €522,981 | €520,379 | €531,365 | €556,176 | €603,797 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,666 | - |
| Financial debts43 | - | - | - | - | €34 | - |
| Credit institutions430/8 | - | - | - | - | €34 | - |
| Trade debts44 | - | €896 | €184 | - | €693 | - |
| Suppliers440/4 | - | €896 | €184 | - | €693 | - |
| Taxes, remuneration and social security45 | - | - | €2,400 | - | - | - |
| Taxes450/3 | - | - | €2,400 | - | - | - |
| Other amounts payable47/48 | - | €519,483 | €528,781 | €556,176 | €586,403 | ▲ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €728 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,342 | -€8,899 | -€9,995 | -€14,299 | €66,306 | ▲ 564% |
| + Depreciation and write-downs630 | - | - | - | - | €6,787 | - |
| Operating cash flow (approximation) | -€9,342 | -€8,899 | -€9,995 | -€14,299 | €73,093 | ▲ 611% |
| Investment in fixed assets (approximation) | - | €0 | -€60,138 | -€229,118 | €0 | ▲ 100% |
| Change in cash | - | -€2,980 | €1,655 | -€4,811 | €194,884 | ▲ 4,151% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
30-06
Financial
Back to profitnet €66,306
Net result €66,306 after 5 loss-making years.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet -€14,299
Net result drops to -€14,299, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wervik · 1 establishment unit since 2008
Ground area
945 m²
Building footprint
276 m²
Volume, LiDAR
1,722 m³
Parcel 33009C1360/00B009, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Menenstraat
since 20082.169.181.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C1360/00B009 | Flanders | 945 m² | 1 · 276 m² | 12.3 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.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Kasica
- Menenstraat
Highest known parent: Kasica. The sources do not say who stands above it.
Owners 1
- KasicaparentSourceaccounts Kasica 2025100%
Holdings 2
-
50%
-
50%
According to the annual accounts to 30-06-2025 of Menenstraat and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPrivate limited company
Founded21-01-2008
Fiscal year end30-06
Activities, NACEBEL 2025
68122Development of non-residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895073636
Registered
10-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.