MENKEN

Active

Public limited companyfounded 198145 yrs activeBoomsesteenweg 38, 2630 Aartselaar, BelgiumKBO/BCE: BE 0421.561.802

MENKEN has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €14.61M and a net result of €1.38M. Equity is growing by ~5.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).

Watch Print / PDF

Checked score

Score 2023

96 / 100

Excellent▲ +8 vs 2022

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability35▲+6

Solvency96▼-3

Growth48▲+6

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.4M at 30 days only on tighter terms

Liquidity ample (current ratio 1.92 against 2.2 in 2022), and 43.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2023

Solvency, return and age of the figures

Solvency

56.3%

Return on assets

5.3%

Age of the figures

32 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 d early

2024

27 d early

2023

23 d early

2022

21 d early

2021

25 d early

2020

25 d early

2019

14 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

€71.17M▲ 28.1%

2022 · €55.57M

2018: €64.93M 2019: €58.49M 2020: €54.80M 2021: €47.85M 2022: €55.57M

2018 → 2023

EBIT margin

3.2%▲ 0.7pp

2022 · 2.5%

2018: 6.4% 2019: 6.3% 2020: 6.5% 2021: 5.1% 2022: 2.5%

2018 → 2023

Net result

€1.38M▲ 48.1%

2022 · €933k

2018: €2.78M 2019: €2.38M 2020: €2.55M 2021: €1.71M 2022: €933k

2018 → 2023

Working capital

€10.22M▲ 4.6%

2022 · €9.77M

2018: €8.11M 2019: €8.92M 2020: €9.73M 2021: €9.89M 2022: €9.77M

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€58.49M-€54.80M▼ 6.3%€47.85M▼ 12.7%€55.57M▲ 16.1%€71.17M▲ 28.1%

Equity€12.05M-€13.05M▲ 8.3%€13.87M▲ 6.3%€14.10M▲ 1.7%€14.61M▲ 3.6%

Operating result€3.70M-€3.55M▼ 4.1%€2.43M▼ 31.4%€1.39M▼ 42.8%€2.28M▲ 63.7%

Net result€2.38M-€2.55M▲ 7.1%€1.71M▼ 32.7%€933k▼ 45.5%€1.38M▲ 48.1%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2023; 2023 is 64% above 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €25.95M

17.9%

82.1%

Fixed assets €4.64M▼ 2.0%

Current assets €21.31M▲ 19.0%

Equity and liabilities €25.95M

56.3%

42.8%

Equity €14.61M▲ 3.6%

Provisions €226k▼ 19.9%

Debt €11.11M▲ 34.6%

The debt ratio rises from 36.5% to 42.8%: debt grows faster than equity.

Key figures and ratios

2023 value · change against 2022

EBITDA

€3.43M▲

2022 · €2.46M

Cash flow

€2.53M▲

2022 · €2.00M

Solvency

56.3%▼

2022 · 62.3%

Current ratio

1.92▼

2022 · 2.20

Quick ratio

1.28▼

2022 · 1.51

Debt / equity

0.76▲

2022 · 0.59

ROE

9.5%▲

2022 · 6.6%

ROA

5.3%▲

2022 · 4.1%

Interest coverage

9.24▼

2022 · 18.29

Debt

€11.11M▲

2022 · €8.26M

Debt ≤ 1 year

€11.09M▲

2022 · €8.13M

Income taxes

€538k▲

2022 · €347k

Staff costs

€4.90M▲

2022 · €4.49M

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€22.64M€25.95M▲

Fixed assets21/28€4.74M€4.64M▼

Intangible fixed assets21€188k€122k▼

Tangible fixed assets22/27€4.55M€4.52M▼

Land and buildings22€1.70M€1.55M▼

Plant, machinery and equipment23€2.58M€2.67M▲

Furniture and vehicles24€268k€296k▲

Current assets29/58€17.90M€21.31M▲

Stocks and contracts in progress3€5.66M€7.09M▲

Stocks30/36€5.66M€7.09M▲

Raw materials and consumables30/31€2.70M€2.93M▲

Finished goods33€2.96M€4.16M▲

Amounts receivable within one year40/41€10.66M€12.88M▲

Trade receivables40€10.09M€12.46M▲

Other amounts receivable41€570k€416k▼

Cash at bank and in hand54/58€1.17M€916k▼

Deferred charges and accrued income490/1€407k€426k▲

Equity and liabilities

Total equity and liabilities10/49€22.64M€25.95M▲

Equity10/15€14.10M€14.61M▲

Contributions10/11€120k€120k=

Capital10€120k€120k=

Issued capital100€120k€120k=

Reserves13€13.98M€14.49M▲

Non-distributable reserves130/1€12k€12k=

Legal reserve130€12k€12k=

Tax-exempt reserves132€375k€375k=

Distributable reserves133€13.59M€14.11M▲

Provisions and deferred taxes16€282k€226k▼

Provisions for liabilities and charges160/5€282k€226k▼

Other liabilities and charges164/5€282k€226k▼

Amounts payable17/49€8.26M€11.11M▲

Amounts payable within one year42/48€8.13M€11.09M▲

Financial debts43€6.00M€8.50M▲

Credit institutions430/8€6.00M€8.50M▲

Trade debts44€1.15M€1.08M▼

Suppliers440/4€1.15M€1.08M▼

Taxes, remuneration and social security45€280k€639k▲

Taxes450/3€39k€244k▲

Remuneration and social security454/9€241k€395k▲

Other amounts payable47/48€701k€869k▲

Accrued charges and deferred income492/3€127k€20k▼

Income statement Code20222023

Operating income70/76A€54.97M€72.75M▲

Turnover70€55.57M€71.17M▲

Change in stocks of work in progress, finished goods and contracts in progress71€-940k€1.20M▲

Other operating income74€333k€380k▲

Operating charges60/66A€53.57M€70.47M▲

Goods for resale, raw materials and consumables60€44.75M€59.89M▲

Purchases600/8€41.00M€60.12M▲

Change in stocks: decrease (increase)609€3.76M€-228k▼

Services and other goods61€3.35M€4.40M▲

Remuneration, social security and pensions62€4.49M€4.90M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.07M€1.15M▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€-117k€-56k▲

Other operating charges640/8€21k€185k▲

Operating profit (loss)9901€1.39M€2.28M▲

Financial income75/76B€87k€151k▲

Recurring financial income75€87k€151k▲

Income from current assets751€2k€7k▲

Other financial income752/9€85k€144k▲

Financial charges65/66B€199k€509k▲

Recurring financial charges65€199k€509k▲

Debt charges650€135k€371k▲

Other financial charges652/9€64k€138k▲

Profit (loss) for the period before taxes9903€1.28M€1.92M▲

Income taxes67/77€347k€538k▲

Taxes670/3€347k€538k▲

Profit (loss) for the period9904€933k€1.38M▲

Profit (loss) for the period to be appropriated9905€933k€1.38M▲

Appropriation of the result

Profit (loss) to be appropriated9906€933k€1.38M▲

Transfer to equity691/2€232k€513k▲

To other reserves6921€232k€513k▲

Profit to be distributed694/7€701k€869k▲

Return on contributions (dividend)694€701k€869k▲

Social balance

Average headcount (FTE)908743.947.6▲

The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

04-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

08-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

10-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet €933k ▼45.5%

Net result drops to €933k, the lowest in the series; recovery starts the following year.

06-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

06-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

28-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

18-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-07

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.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

21-11-2023 Hens Didier: Resigned as Director

21-11-2023 Hens Patrick: Resigned as Director

Location & real-estate footprint

Registered office, Aartselaar · 1 establishment unit since 1981

establishment The establishment unit on the map

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.

Boomsesteenweg 382630 Aartselaar

Ground area

1.4 ha

Building footprint

7,394 m²