MENINA
ActiveSummary
For MENINA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €315k and a net result of €-18k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 24633 sector peers (fiscal year 2023). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability16▲+9
Solvency70=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
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 2023Solvency, return and age of the figures
Solvency
44.6%
Return on assets
-2.5%
Age of the figures
33 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-01-2026, 533 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
533 d late
2022
255 d late
2021
87 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€315k▼ 5.3%
2022 · €333k
2018: €448k
2019: €463k
2020: €446k
2021: €404k
2022: €333k
2018 → 2023
Total assets
€706k▼ 5.0%
2022 · €743k
2018: €775k
2019: €752k
2020: €787k
2021: €736k
2022: €743k
2018 → 2023
Net result
€-18k▲ 75.3%
2022 · €-72k
2018: €292k
2019: €15k
2020: €-17k
2021: €-42k
2022: €-72k
2018 → 2023
Working capital
€301k▼ 4.2%
2022 · €314k
2018: €446k
2019: €460k
2020: €419k
2021: €381k
2022: €314k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€463k-€446k▼ 3.6%€404k▼ 9.4%€333k▼ 17.8%€315k▼ 5.3%
Operating result€18k-€48k▲ 164%€36k▼ 23.9%€-68k€-12k▲ 81.8%
Net result€15k-€-17k€-42k▼ 153%€-72k▼ 71.3%€-18k▲ 75.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2023 against €68k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €706k
Fixed assets
€14k ▼ 25.5%
Current assets
€692k ▼ 4.5%
Equity and liabilities €706k
Equity
€315k ▼ 5.3%
Debt
€391k ▼ 4.8%
Debt's share of the balance-sheet total rises from 55.3% to 55.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▲
2022 · €-63k
Cash flow
€-13k▲
2022 · €-67k
Current ratio
1.77▲
2022 · 1.76
Quick ratio
1.41▼
2022 · 1.45
Debt to equity
1.24▲
2022 · 1.24
ROE
-5.6%▲
2022 · -21.6%
ROA
-2.5%▲
2022 · -9.7%
Interest coverage
-1.46▲
2022 · -15.31
Debt ≤ 1 year
€391k▼
2022 · €411k
Income taxes
€250▼
2022 · €631
Staff costs
€120k▼
2022 · €121k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€743k€706k▼
Fixed assets21/28€19k€14k▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€1k€818▼
Furniture and vehicles24€9k€6k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€725k€692k▼
Stocks and contracts in progress3€128k€141k▲
Stocks30/36€128k€141k▲
Amounts receivable within one year40/41€581k€544k▼
Trade receivables40€579k€541k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€15k€7k▼
Deferred charges and accrued income490/1€314€328▲
Equity and liabilities
Total equity and liabilities10/49€743k€706k▼
Equity10/15€333k€315k▼
Contributions10/11€198k€198k=
Reserves13€82k€82k=
Non-distributable reserves130/1€20k€20k=
Reserves not available under the articles1311€20k€20k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€52k€34k▼
Amounts payable17/49€411k€391k▼
Amounts payable within one year42/48€411k€391k▼
Current portion of amounts payable after more than one year42-€8k
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€71k€18k▼
Suppliers440/4€71k€18k▼
Taxes, remuneration and social security45€204k€229k▲
Taxes450/3€141k€163k▲
Remuneration and social security454/9€63k€66k▲
Other amounts payable47/48€135k€135k▲
Income statement
Code20222023
Remuneration, social security and pensions62€121k€120k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€9k€7k▼
Gross operating margin9900€67k€119k▲
Operating profit (loss)9901€-68k€-12k▲
Financial income75/76B€779€0▼
Recurring financial income75€779€0▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-71k€-18k▲
Income taxes67/77€631€250▼
Profit (loss) for the period9904€-72k€-18k▲
Profit (loss) for the period to be appropriated9905€-72k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€34k▼
Profit (loss) brought forward from the previous period14P€124k€52k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 533 days late
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 255 days late
2022
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 240 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 212 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 150 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 140 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Comines-Warneton · 1 establishment unit since 1995
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.
Werviksesteenweg(KOM) 2757780 Comines-WarnetonGround area
477 m²
Building footprint
42 m²
Volume, LiDAR
377 m³
Parcel 54002C0941/00V000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Werviksesteenweg(KOM) 275, 7780 Comines-Warneton
since 19952.001.186.016
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C0941/00V000 | Wallonia | 477 m² | 1 · 42 m² | 10.6 m · 3 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
MEUBLES STYLE-DECOR
BE 0844.057.871
Comines-Warneton · Eq €314,815
WALT LOUISE
BE 0413.756.963
Elsene · Eq €314,883
Warson Meubelen
BE 0401.365.016
Maasmechelen · Eq €314,952
CONCEPT RENOV
BE 0897.090.741
La Louvière · Eq €315,016
SIGNE
BE 0760.400.816
Brussel · Eq €314,405
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.