MENUIDAC
ActiveSummary
MENUIDAC has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,627 and a net result of -€11,082. Equity is shrinking by about 4.2% per year across the filed financial years. Its solvency ranks better than 84% of 34,728 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €167,627
- Loss
- -€11,082
Why 88raises risk1 change of registered office in 24 monthsLoss of €11,082 (financial year 2025)lowers riskLiquidity: current ratio 4.69, cash €171,479Equity €167,627 (78.7% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 90% on liquidity, 12% on profitability and 27% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397268.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €11,747 after €102,493 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
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 497,445 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% | 0.9% |
| 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 74.5% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €123,185 | €775 | ▼ 99.4% |
| Remuneration, social security and pensions62 | - | - | - | €23,166 | €16 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,010 | €17,722 | €21,034 | €13,350 | €13,688 | €13,741 | €838 | €53 | ▼ 93.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,751 | - | €6,633 | €1,660 | -€577 | - |
| Other operating charges640/8 | - | - | - | €1,534 | €1,616 | €1,718 | €1,395 | €1,976 | ▲ 41.6% |
| Gross operating margin9900 | €20,041 | €20,945 | €8,572 | €38,334 | €4,123 | -€5,216 | €106,386 | -€10,295 | - |
| Operating profit (loss)9901 | €2,810 | €801 | -€15,593 | €2,035 | -€11,197 | -€27,308 | €102,493 | -€11,747 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €1,972 | - |
| Recurring financial income75 | €86 | - | - | - | - | - | - | €1,972 | - |
| Financial charges65/66B | - | - | - | €5,092 | €3,601 | €5,692 | €5,738 | €1,307 | ▼ 77.2% |
| Recurring financial charges65 | €4,038 | €3,875 | €3,447 | €5,092 | €3,601 | €5,692 | €5,738 | €1,307 | ▼ 77.2% |
| Profit (loss) for the period before taxes9903 | -€1,142 | -€3,074 | -€19,040 | -€3,057 | -€14,798 | -€33,000 | €96,755 | -€11,082 | - |
| Income taxes67/77 | - | €487 | -€7 | €432 | €2,898 | €313 | €63,837 | - | - |
| Profit (loss) for the period9904 | €6,358 | €3,939 | -€11,533 | -€3,489 | -€17,696 | -€33,313 | €32,918 | -€11,082 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €7,500 | €7,500 | €7,500 | €145,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,358 | €3,939 | -€11,533 | €4,011 | -€10,196 | -€25,813 | €177,918 | -€11,082 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €385,790 | €417,202 | €395,066 | €373,538 | €344,756 | €324,781 | €232,583 | €212,989 | ▼ 8.4% |
| Fixed assets21/28 | €370,886 | €394,069 | €373,690 | €334,506 | €321,772 | €308,031 | €378 | €75 | ▼ 80.2% |
| Intangible fixed assets21 | - | - | €593 | €1,431 | €895 | €360 | - | - | - |
| Tangible fixed assets22/27 | €370,561 | €393,744 | €372,772 | €332,750 | €320,552 | €307,346 | €53 | - | - |
| Land and buildings22 | - | - | - | €332,112 | €319,464 | €306,816 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €638 | €399 | €159 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €689 | €371 | €53 | - | - |
| Financial fixed assets28 | €325 | €325 | €325 | €325 | €325 | €325 | €325 | €75 | ▼ 76.9% |
| Current assets29/58 | €14,904 | €23,133 | €21,376 | €39,032 | €22,984 | €16,750 | €232,205 | €212,914 | ▼ 8.3% |
| Stocks and contracts in progress3 | - | - | €6,096 | €17,221 | €15,980 | €6,633 | €2,765 | €2,572 | ▼ 7.0% |
| Stocks30/36 | - | - | - | €17,221 | €15,980 | €6,633 | €2,765 | €2,572 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €13,102 | €18,755 | €12,993 | €11,578 | €6,923 | €8,373 | €10,866 | €30,187 | ▲ 178% |
| Trade receivables40 | - | - | - | €11,578 | €6,923 | €8,373 | €10,783 | €10,662 | ▼ 1.1% |
| Other amounts receivable41 | - | - | - | - | - | - | €83 | €19,525 | ▲ 235× |
| Cash at bank and in hand54/58 | €1,802 | €4,378 | €2,287 | €10,233 | €81 | €1,744 | €218,574 | €171,479 | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €8,676 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €385,790 | €417,202 | €395,066 | €373,538 | €344,756 | €324,781 | €232,583 | €212,989 | ▼ 8.4% |
| Equity10/15 | €222,884 | €219,323 | €200,290 | €196,801 | €179,105 | €145,792 | €178,710 | €167,627 | ▼ 6.2% |
| Contributions10/11 | €18,800 | €18,800 | - | €18,800 | €18,800 | €18,800 | €18,800 | €18,800 | = |
| Reserves13 | €188,700 | €181,200 | €173,700 | €166,200 | €158,700 | €151,200 | €56,200 | €56,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Distributable reserves133 | - | - | - | €160,000 | €152,500 | €151,200 | €56,200 | €56,200 | = |
| Profit (loss) carried forward14 | €15,384 | €19,323 | €7,790 | €11,801 | €1,605 | -€24,208 | €103,710 | €92,627 | ▼ 10.7% |
| Amounts payable17/49 | €162,906 | €197,879 | €194,776 | €176,737 | €165,651 | €178,989 | €53,873 | €45,362 | ▼ 15.8% |
| Amounts payable after more than one year17 | €121,708 | €107,739 | €93,692 | €78,584 | €63,368 | €47,711 | - | - | - |
| Financial debts170/4 | - | - | - | €78,584 | €63,368 | €47,711 | - | - | - |
| Amounts payable within one year42/48 | €41,198 | €90,140 | €101,084 | €98,153 | €102,283 | €131,278 | €53,873 | €45,362 | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,109 | €15,216 | €15,657 | - | - | - |
| Financial debts43 | - | - | - | - | €13,903 | €18,753 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €13,903 | €18,753 | - | - | - |
| Trade debts44 | €2,046 | €8,994 | €1,831 | €2,475 | €2,451 | €6,248 | €1,034 | €1,130 | ▲ 9.3% |
| Suppliers440/4 | - | - | - | €2,475 | €2,451 | €6,248 | €1,034 | €1,130 | ▲ 9.3% |
| Advances received on contracts in progress46 | - | - | - | - | €417 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,451 | €3,546 | €4,278 | €47,132 | €43,819 | ▼ 7.0% |
| Taxes450/3 | - | - | - | €1,451 | €3,546 | €2,144 | €47,132 | €43,819 | ▼ 7.0% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,134 | - | - | - |
| Other amounts payable47/48 | - | - | - | €79,118 | €66,750 | €86,342 | €5,707 | €413 | ▼ 92.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,358 | €3,939 | -€11,533 | -€3,489 | -€17,696 | -€33,313 | €32,918 | -€11,082 | - |
| + Depreciation and write-downs630 | €13,010 | €17,722 | €21,034 | €13,350 | €13,688 | €13,741 | €838 | €53 | ▼ 93.7% |
| Operating cash flow (approximation) | €19,368 | €21,661 | €9,501 | €9,861 | -€4,008 | -€19,572 | €33,756 | -€11,029 | - |
| Investment in fixed assets (approximation) | - | -€40,905 | -€655 | €25,834 | -€954 | €0 | €306,815 | €250 | ▼ 99.9% |
| Change in cash | - | €2,576 | -€2,091 | €7,946 | -€10,152 | €1,663 | €216,830 | -€47,095 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00397268 |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00405801 |
| 31-12-2023 | micro format | 07-07-2024 | 2024-00233086 |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00370922 |
| 31-12-2021 | micro format | 24-07-2022 | 2022-20226360 |
| 31-12-2020 | micro format | 26-06-2021 | 2021-26300026 |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35400479 |
| 31-12-2018 | micro format | 24-08-2019 | 2019-54400249 |
| 31-12-2017 | micro format | 10-09-2018 | 2018-62500263 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59400232 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CRASSON Monique |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-03
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, rue Forville 36 4560 CLAVIER
14-06
Gazette deed
Resignation: CRASSON Monique (manager)Appointment: CRASSON Monique (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 09-06-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Director resignation, CRASSON Monique (manager)
- Director appointment, CRASSON Monique (director (not named in the articles))
- Other provision, “execution mandat, decharge gerant demissionnaire” (deed in French)
- Registered office clause, “4550 Nandrin,rue de Rotheux,7” (deed in French)
- Other provision, “vote decisions, unanimite des voix” (deed in French)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0452.696.327
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61043D0114/00L000 | Wallonia | 1,254 m² | 1 · 138 m² | 7.6 m · 2 |
| 61012E0124/03F000 | Wallonia | 409 m² | 1 · 81 m² | 7.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tout service quel qu’il soit à toute personne physique ou morale,publique ou privée,et notamment en matière administrative,de bureautique et…” (deed in French)
3 activities (deed in French)
- Tout service quel qu’il soit à toute personne physique ou morale,publique ou privée,et notamment en matière administrative,de bureautique et d’informatique
- L’importation,l’exportation,l’achat,la vente,en gros ou au détail,la représentation,la distribution et plus généralement la commercialisation sous toutes ses formes de tout produit,matériau et matériel destiné à tout secteur
- La constitution d’un patrimoine tant mobilier qu’immobilier
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MENUIDAC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 1” (deed in French)“Organe collegial et place vacante avant fin mandat, assemblee generale” (deed in French)“Pouvoirs speciaux a tout mandataire, forment organe collegial” (deed in French)“Frais generaux independamment frais representation voyages deplacements, assemblee generale” (deed in French)“Organe administration determine si seul ou conjointement, gestion journaliere et representation pour cette gestion” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement nombre actions si plusieurs, tous cas cessions entre vifs,titre onéreux ou…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions–Droit de préférence, si droit non entièrement exercé,actions restantes offertes par…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes modifications statuts, dissolution tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculte assemblee designer un ou plusieurs et determiner pouvoirs emoluments, dissolution quelque cause et moment” (deed in French)