MENOS

Active

Non-profit associationfounded 200817 yrs activeWelzijnscampus 11, 3600 Genk, BelgiumKBO/BCE: BE 0808.117.886

Summary

MENOS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2015 annual accounts show equity of €5.01M and a net result of €-748k. Equity is shrinking by ~30.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2018. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

MENOSActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2015 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2015 · tick = 2014

Profitability23▲+15

Solvency65▼-4

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit check for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Lower-risk legal form

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

KBO · legal form

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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 2015

Solvency, return and age of the figures

Solvency

39.7%

Return on assets

-5.9%

Age of the figures

129 mo

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

No filing for years

The last filed financial year closed on 31-12-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 3 filings

Position against the passed deadline

31-12-2016 close31-07-2017 deadline25-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 14-06-2016, 47 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

Checked, nothing found (1)

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 2015, abbreviated schema

Equity

€5.01M▼ 35.9%

2014 · €7.82M

2013: €9.78Mhighest in 3 years 2014: €7.82M▼ -20.0% vs 2013 2015: €5.01M▼ -35.9% vs 2014lowest in 3 years

2013 → 2015

Total assets

€12.63M▼ 28.5%

2014 · €17.66M

2013: €20.69Mhighest in 3 years 2014: €17.66M▼ -14.6% vs 2013 2015: €12.63M▼ -28.5% vs 2014lowest in 3 years

2013 → 2015

Net result

€-748k▲ 63.5%

2014 · €-2.05M

2013: €-1.29M 2014: €-2.05M▼ -58.2% vs 2013lowest in 3 years 2015: €-748k▲ +63.5% vs 2014highest in 3 years

2013 → 2015

Working capital

€4.96M▼ 18.1%

2014 · €6.05M

2013: €12.52Mhighest in 3 years 2014: €6.05M▼ -51.7% vs 2013 2015: €4.96M▼ -18.1% vs 2014lowest in 3 years

2013 → 2015

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201320142015Trend

Equity€9.78M-€7.82M▼ 20.0%€5.01M▼ 35.9% 2013: €9.78Mhighest in 3 years 2014: €7.82M▼ -20.0% vs 2013 2015: €5.01M▼ -35.9% vs 2014lowest in 3 years

Operating result€-1.26M-€-1.96M▼ 55.2%€-604k▲ 69.2% 2013: €-1.26M 2014: €-1.96M▼ -55.2% vs 2013lowest in 3 years 2015: €-604k▲ +69.2% vs 2014highest in 3 years

Net result€-1.29M-€-2.05M▼ 58.2%€-748k▲ 63.5% 2013: €-1.29M 2014: €-2.05M▼ -58.2% vs 2013lowest in 3 years 2015: €-748k▲ +63.5% vs 2014highest in 3 years

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €604k in 2015 against €1.96M in 2014; the loss shrinks.

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €12.63M

43.2%

56.8%

Fixed assets €5.45M ▼ 3.2%

Current assets €7.18M ▼ 40.3%

Equity and liabilities €12.63M

39.7%

60.3%

Equity €5.01M ▼ 35.9%

Debt €7.62M ▼ 22.5%

Debt's share of the balance-sheet total rises from 55.7% to 60.3%. Equity and debt are lower.

Key figures and ratios

2015 value · change against 2014

EBITDA

€-344k▲

2014 · €-1.77M

Cash flow

€-489k▲

2014 · €-1.85M

Current ratio

3.23▲

2014 · 2.01

Debt to equity

1.08▲

2014 · 0.47

ROE

-14.9%▲

2014 · -26.2%

ROA

-5.9%▲

2014 · -11.6%

Debt ≤ 1 year

€2.22M▼

2014 · €5.97M

Debt > 1 year

€5.40M▲

2014 · €3.71M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2015 against 2014 · 22 lines

Balance sheet Code20142015

Assets

Total assets20/58€17.66M€12.63M▼

Fixed assets21/28€5.63M€5.45M▼

Intangible fixed assets21€30k€30k▲

Tangible fixed assets22/27€5.60M€5.43M▼

Current assets29/58€12.02M€7.18M▼

Amounts receivable within one year40/41€730k€782k▲

Cash at bank and in hand54/58€3.46M€6.40M▲

Equity and liabilities

Total equity and liabilities10/49€17.66M€12.63M▼

Equity10/15€7.82M€5.01M▼

Profit (loss) carried forward14€-3.18M€-3.92M▼

Amounts payable17/49€9.83M€7.62M▼

Amounts payable after more than one year17€3.71M€5.40M▲

Amounts payable within one year42/48€5.97M€2.22M▼

Trade debts44€780k€920k▲

Income statement Code20142015

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€260k▲

Gross operating margin9900€1.37M€3.39M▲

Operating profit (loss)9901€-1.96M€-604k▲

Recurring financial income75€146k€43k▼

Recurring financial charges65€220k€96k▼

Profit (loss) for the period before taxes9903€-2.04M€-657k▲

Profit (loss) for the period9904€-2.05M€-748k▲

Profit (loss) for the period to be appropriated9905€-2.05M€-748k▲

Accounts by statement

Income statement Balance sheet Cash flow

Line	2013	2014	2015	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€26k	€197k	€260k	▲ 31.8%
Gross operating margin9900	€-373k	€1.37M	€3.39M	▲ 147%
Operating profit (loss)9901	€-1.26M	€-1.96M	€-604k	▲ 69.2%
Recurring financial income75	€5k	€146k	€43k	▼ 70.7%
Recurring financial charges65	€35k	€220k	€96k	▼ 56.4%
Profit (loss) for the period before taxes9903	€-1.29M	€-2.04M	€-657k	▲ 67.7%
Profit (loss) for the period9904	€-1.29M	€-2.05M	€-748k	▲ 63.5%
Profit (loss) for the period to be appropriated9905	€-1.29M	€-2.05M	€-748k	▲ 63.5%

Line	2013	2014	2015	Change
Assets
Total assets20/58	€20.69M	€17.66M	€12.63M	▼ 28.5%
Fixed assets21/28	€5.27M	€5.63M	€5.45M	▼ 3.2%
Intangible fixed assets21	€24k	€30k	€30k	▲ 0.7%
Tangible fixed assets22/27	€5.25M	€5.60M	€5.43M	▼ 3.2%
Current assets29/58	€15.42M	€12.02M	€7.18M	▼ 40.3%
Amounts receivable within one year40/41	€8.90M	€730k	€782k	▲ 7.1%
Cash at bank and in hand54/58	€6.46M	€3.46M	€6.40M	▲ 84.9%
Equity and liabilities
Total equity and liabilities10/49	€20.69M	€17.66M	€12.63M	▼ 28.5%
Equity10/15	€9.78M	€7.82M	€5.01M	▼ 35.9%
Profit (loss) carried forward14	€-1.34M	€-3.18M	€-3.92M	▼ 23.6%
Amounts payable17/49	€10.91M	€9.83M	€7.62M	▼ 22.5%
Amounts payable after more than one year17	€8.01M	€3.71M	€5.40M	▲ 45.5%
Amounts payable within one year42/48	€2.89M	€5.97M	€2.22M	▼ 62.8%
Trade debts44	€2.18M	€780k	€920k	▲ 17.9%

Line	2013	2014	2015	Change
Profit (loss) for the period9904	€-1.29M	€-2.05M	€-748k	▲ 63.5%
+ Depreciation and write-downs630	€26k	€197k	€260k	▲ 31.8%
Operating cash flow (approximation)	€-1.27M	€-1.85M	€-489k	▲ 73.6%
Investment in fixed assets (approximation)	-	€-561k	€-80k	▲ 85.7%
Change in cash	-	€-3.00M	€2.94M	▲ 198%

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

All 5Financial 1Gazette 1Filings 3

2026

25-09

State Gazette act Resignation: Kristien HEBBRECHT (director)

Appointment: Erik OTTENBOURGS (director)11 facts ▸

General meeting, 11-06-2026
Director resignation, Kristien HEBBRECHT (director)
Director appointment, Erik OTTENBOURGS (director)
Board composition, Sara RONCADA (director)
Board composition, Geert SWARTENBROEKX (director)
Board composition, Danny KERKHOFS (director)
Board composition, Annita LAPORTE (director)
Board composition, Erik OTTENBOURGS (director)
Board composition, Johan JESPERS (director)
Board composition, Solange INDENKLEEF (director)
Board composition, Kris VANEERDEWEGH (director)

2016

14-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

13-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 13 days late

2014

31-12

Financial Weakest financial yearnet €-2.05M

Net result drops to €-2.05M, the lowest in the series; recovery starts the following year.

27-10

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 88 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 12 acts read

About the unread acts

Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2026

Erik OTTENBOURGS

Director · since 01-06-2026

Current

01-06-2026 Erik OTTENBOURGS: Appointed as Director

01-06-2026 Kristien HEBBRECHT: Resigned as Director

Not every act has been read: a resignation may be missing here

11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Genk

exact location from the address register On OpenStreetMap

Ground area

2.2 ha

Building footprint

1,302 m²

Volume, LiDAR

28,471 m³

Parcel 71016I1445/00L003, Flanders · tallest building 28.7 m, ±8 floors. Linked by address, not a title deed.

10 companies at this address See who is registered here

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71016I1445/00L003	Flanders	2.2 ha	1 · 1,302 m²	28.7 m · 8 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.

Identification & contact

Identification

Legal formNon-profit association

Founded27-11-2008

Fiscal year end31-12

Scores and ratios are computed by Checked and are not a credit decision.