MENSCH
ActiveSummary
MENSCH has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €14k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+6
Solvency31▲+3
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.05 against 0.06 in 2024; short-term debt: 93.6% and cash: 1.3% of total assets), and 93.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
6.3%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
61 d late
2023
83 d late
2022
67 d late
2021
11 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 94.1%
2024 · €15k
2021: €9klowest in 5 years
2022: €19k▲ +114% vs 2021
2023: €22k▲ +11.9% vs 2022
2024: €15k▼ -29.3% vs 2023
2025: €30k▲ +94.1% vs 2024highest in 5 years
2021 → 2025
Total assets
€470k▼ 5.5%
2024 · €497k
2021: €226k
2022: €221k▼ -2.2% vs 2021lowest in 5 years
2023: €515k▲ +134% vs 2022highest in 5 years
2024: €497k▼ -3.5% vs 2023
2025: €470k▼ -5.5% vs 2024
2021 → 2025
Net result
€14k
2024 · €-6k
2021: €4k
2022: €10k▲ +156% vs 2021
2023: €2k▼ -77.7% vs 2022
2024: €-6k▼ -376% vs 2023lowest in 5 years
2025: €14k▲ +327% vs 2024highest in 5 years
2021 → 2025
Working capital
€-418k▲ 8.1%
2024 · €-455k
2021: €-195k
2022: €-179k▲ +8.0% vs 2021highest in 5 years
2023: €-473k▼ -164% vs 2022lowest in 5 years
2024: €-455k▲ +3.7% vs 2023
2025: €-418k▲ +8.1% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€19k▲ 114%€22k▲ 11.9%€15k▼ 29.3%€30k▲ 94.1%
2021: €9klowest in 5 years
2022: €19k▲ +114% vs 2021
2023: €22k▲ +11.9% vs 2022
2024: €15k▼ -29.3% vs 2023
2025: €30k▲ +94.1% vs 2024highest in 5 years
Operating result€5k-€14k▲ 199%€4k▼ 72.1%€-6k€18k
2021: €5k
2022: €14k▲ +199% vs 2021
2023: €4k▼ -72.1% vs 2022
2024: €-6k▼ -258% vs 2023lowest in 5 years
2025: €18k▲ +407% vs 2024highest in 5 years
Net result€4k-€10k▲ 156%€2k▼ 77.7%€-6k€14k
2021: €4k
2022: €10k▲ +156% vs 2021
2023: €2k▼ -77.7% vs 2022
2024: €-6k▼ -376% vs 2023lowest in 5 years
2025: €14k▲ +327% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €6k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470k
Fixed assets
€449k ▼ 4.6%
Current assets
€21k ▼ 20.2%
Equity and liabilities €470k
Equity
€30k ▲ 94.1%
Debt
€440k ▼ 8.6%
Debt's share of the balance-sheet total falls from 96.9% to 93.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €18k
Cash flow
€37k▲
2024 · €17k
Current ratio
0.05▼
2024 · 0.06
Debt to equity
14.89▼
2024 · 31.62
ROE
48.5%▲
2024 · -41.4%
ROA
3.1%▲
2024 · -1.3%
Interest coverage
225.27▲
2024 · 96.63
Debt ≤ 1 year
€440k▼
2024 · €482k
Income taxes
€4k▲
2024 · €174
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€497k€470k▼
Fixed assets21/28€470k€449k▼
Tangible fixed assets22/27€469k€448k▼
Land and buildings22€429k€417k▼
Plant, machinery and equipment23€15k€12k▼
Furniture and vehicles24€26k€18k▼
Financial fixed assets28€1k€1k=
Current assets29/58€27k€21k▼
Amounts receivable within one year40/41€14k€13k▼
Trade receivables40€660€3k▲
Other amounts receivable41€13k€10k▼
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€497k€470k▼
Equity10/15€15k€30k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€10k€25k▲
Amounts payable17/49€482k€440k▼
Amounts payable within one year42/48€482k€440k▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€2k€811▼
Taxes450/3€2k€811▼
Other amounts payable47/48€474k€437k▼
Accrued charges and deferred income492/3-€716
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€22k€44k▲
Operating profit (loss)9901€-6k€18k▲
Financial income75/76B€32€31▼
Recurring financial income75€32€31▼
Financial charges65/66B€183€180▼
Recurring financial charges65€183€180▼
Profit (loss) for the period before taxes9903€-6k€18k▲
Income taxes67/77€174€4k▲
Profit (loss) for the period9904€-6k€14k▲
Profit (loss) for the period to be appropriated9905€-6k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€25k▲
Profit (loss) brought forward from the previous period14P€17k€10k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €5k | €50k | €24k | €22k | ▼ 6.4% |
| Other operating charges640/8 | €1k | €2k | €2k | €4k | €3k | ▼ 24.0% |
| Gross operating margin9900 | €36k | €21k | €57k | €22k | €44k | ▲ 99.3% |
| Operating profit (loss)9901 | €5k | €14k | €4k | €-6k | €18k | ▲ 407% |
| Financial income75/76B | €23 | €0 | €0 | €32 | €31 | ▼ 2.9% |
| Recurring financial income75 | €23 | €0 | €0 | €32 | €31 | ▼ 2.9% |
| Financial charges65/66B | €1 | €664 | €470 | €183 | €180 | ▼ 1.7% |
| Recurring financial charges65 | €1 | €664 | €470 | €183 | €180 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | €5k | €13k | €3k | €-6k | €18k | ▲ 397% |
| Income taxes67/77 | €560 | €3k | €1k | €174 | €4k | ▲ 2,147% |
| Profit (loss) for the period9904 | €4k | €10k | €2k | €-6k | €14k | ▲ 327% |
| Profit (loss) for the period to be appropriated9905 | €4k | €10k | €2k | €-6k | €14k | ▲ 327% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226k | €221k | €515k | €497k | €470k | ▼ 5.5% |
| Fixed assets21/28 | €204k | €198k | €494k | €470k | €449k | ▼ 4.6% |
| Tangible fixed assets22/27 | €204k | €198k | €493k | €469k | €448k | ▼ 4.6% |
| Land and buildings22 | €179k | €177k | €440k | €429k | €417k | ▼ 2.7% |
| Plant, machinery and equipment23 | €21k | €19k | €17k | €15k | €12k | ▼ 15.1% |
| Furniture and vehicles24 | €3k | €2k | €36k | €26k | €18k | ▼ 31.4% |
| Financial fixed assets28 | - | - | €1k | €1k | €1k | = |
| Current assets29/58 | €22k | €22k | €21k | €27k | €21k | ▼ 20.2% |
| Amounts receivable within one year40/41 | €10k | €18k | €15k | €14k | €13k | ▼ 7.1% |
| Trade receivables40 | €6k | €11k | €4k | €660 | €3k | ▲ 321% |
| Other amounts receivable41 | €3k | €7k | €11k | €13k | €10k | ▼ 23.2% |
| Cash at bank and in hand54/58 | €12k | €5k | €5k | €11k | €6k | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | - | €611 | €2k | €2k | ▲ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226k | €221k | €515k | €497k | €470k | ▼ 5.5% |
| Equity10/15 | €9k | €19k | €22k | €15k | €30k | ▲ 94.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €4k | €14k | €17k | €10k | €25k | ▲ 140% |
| Amounts payable17/49 | €217k | €201k | €493k | €482k | €440k | ▼ 8.6% |
| Amounts payable within one year42/48 | €217k | €201k | €493k | €482k | €440k | ▼ 8.8% |
| Trade debts44 | €7k | €2k | €3k | €6k | €2k | ▼ 64.1% |
| Suppliers440/4 | €7k | €2k | €3k | €6k | €2k | ▼ 64.1% |
| Taxes, remuneration and social security45 | €560 | €3k | €4k | €2k | €811 | ▼ 56.4% |
| Taxes450/3 | €560 | €3k | €4k | €2k | €811 | ▼ 56.4% |
| Other amounts payable47/48 | €209k | €196k | €486k | €474k | €437k | ▼ 7.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €716 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €10k | €2k | €-6k | €14k | ▲ 327% |
| + Depreciation and write-downs630 | €30k | €5k | €50k | €24k | €22k | ▼ 6.4% |
| Operating cash flow (approximation) | €34k | €16k | €53k | €17k | €37k | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €-346k | €0 | €-353 | - |
| Change in cash | - | €-7k | €620 | €5k | €-5k | ▼ 183% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2020
Ground area
238 m²
Building footprint
165 m²
Volume, LiDAR
1,983 m³
Parcel 21819C0118/00C003, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Pronkerwtlaan 166, 1120 Brussel
since 20202.313.394.867
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0118/00C003 | Brussels | 238 m² | 1 · 165 m² | 14.4 m · 4 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.
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Of 1,112 companies in sector 58110 we hold annual accounts for 363. 232 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
58120Publishing activities
58130Publishing activities
58190Other publishing activities, excluding software publishing
Scores and ratios are computed by Checked and are not a credit decision.