MENUISERIE TY
ActiveSummary
The computed 12-month bankruptcy probability of MENUISERIE TY is 1.6% (moderate). The 2024 annual accounts show equity of €463,619 and a net result of €168,300. Equity is growing by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 36381 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+2
Solvency61▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.18 in 2023; short-term debt: 19.4% and cash: 0.6% of total assets), and 64.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
23 d late
2022
29 d late
2021
29 d late
2020
4 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€463,619▲ 40.8%
2023 · €329,198
Total assets
€1.3m▲ 24.1%
2023 · €1.0m
Net result
€168,300▲ 46.7%
2023 · €114,712
Working capital
€47,409▲ 55.9%
2023 · €30,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,153▲ 56.9%€99,724▲ 658%€194,430▲ 95.0%€154,667▼ 20.5%€230,266▲ 48.9%
Net result€8,171within the sector's middle half▲ 55.1%€90,468above the sector's middle half▲ 1,007%€154,987above the sector's middle half▲ 71.3%€114,712above the sector's middle half▼ 26.0%€168,300above the sector's middle half▲ 46.7%
Equity€48,163within the sector's middle half▲ 20.4%€135,846above the sector's middle half▲ 182%€216,046above the sector's middle half▲ 59.0%€329,198above the sector's middle half▲ 52.4%€463,619above the sector's middle half▲ 40.8%
Total assets€438,531above the sector's middle half▲ 69.2%€542,426above the sector's middle half▲ 23.7%€676,589above the sector's middle half▲ 24.7%€1.0mabove the sector's middle half▲ 53.7%€1.3mabove the sector's middle half▲ 24.1%
Debt€390,368▲ 78.1%€406,580▲ 4.2%€460,543▲ 13.3%€710,572▲ 54.3%€826,839▲ 16.4%
Working capital-€37,563below the sector's middle half▼ 98.7%€30,571within the sector's middle half€52,033within the sector's middle half▲ 70.2%€30,417within the sector's middle half▼ 41.5%€47,409within the sector's middle half▲ 55.9%
Solvency11.0%below the sector's middle half▼ 4.4pp25.0%within the sector's middle half▲ 14.1pp31.9%within the sector's middle half▲ 6.9pp31.7%within the sector's middle half▼ 0.3pp35.9%within the sector's middle half▲ 4.3pp
Current ratio0.69below the sector's middle half▼ 0.111.23within the sector's middle half▲ 0.541.31within the sector's middle half▲ 0.081.18within the sector's middle half▼ 0.121.19within the sector's middle half=
Return on assets (ROA)1.9%within the sector's middle half▼ 0.2pp16.7%within the sector's middle half▲ 14.8pp22.9%above the sector's middle half▲ 6.2pp11.0%within the sector's middle half▼ 11.9pp13.0%within the sector's middle half▲ 2.0pp
Staff (FTE)0.4below the sector's middle half▲ 100%1.1▲ 175%1.7▲ 54.5%1.5▼ 11.8%2.2▲ 46.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 49% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€992,186 ▲ 17.5%
Current assets
€298,272 ▲ 52.6%
Equity and liabilities €1.3m
Equity
€463,619 ▲ 40.8%
Debt
€826,839 ▲ 16.4%
Debt's share of the balance-sheet total falls from 68.3% to 64.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€311,390▲
2023 · €226,507
Cash flow
€249,424▲
2023 · €186,553
Quick ratio
1.17▲
2023 · 1.16
Debt to equity
1.78▼
2023 · 2.16
ROE
36.3%▲
2023 · 34.8%
Interest coverage
11.42▼
2023 · 17.04
Debt ≤ 1 year
€250,863▲
2023 · €165,064
Debt > 1 year
€575,976▲
2023 · €545,508
Income taxes
€39,574▲
2023 · €30,394
Staff costs
€62,459▲
2023 · €50,277
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 26,975 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,060 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €5,834 | €30,401 | €50,277 | €62,459 | ▲ 24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,303 | €26,448 | €33,184 | €71,840 | €81,124 | ▲ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,650 | €1,318 | €0 | - | - |
| Other operating charges640/8 | - | €1,338 | €2,512 | €4,586 | €3,764 | ▼ 17.9% |
| Gross operating margin9900 | €34,961 | €136,994 | €261,845 | €281,370 | €377,612 | ▲ 34.2% |
| Operating profit (loss)9901 | €13,153 | €99,724 | €194,430 | €154,667 | €230,266 | ▲ 48.9% |
| Financial income75/76B | - | €3,985 | €2,627 | €3,728 | €4,874 | ▲ 30.7% |
| Recurring financial income75 | €1,751 | €3,985 | €2,627 | €3,728 | €4,874 | ▲ 30.7% |
| Financial charges65/66B | - | €6,882 | €5,954 | €13,290 | €27,265 | ▲ 105% |
| Recurring financial charges65 | €6,733 | €6,882 | €5,954 | €13,290 | €27,265 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €8,171 | €96,827 | €191,103 | €145,106 | €207,874 | ▲ 43.3% |
| Income taxes67/77 | €0 | €6,359 | €36,116 | €30,394 | €39,574 | ▲ 30.2% |
| Profit (loss) for the period9904 | €8,171 | €90,468 | €154,987 | €114,712 | €168,300 | ▲ 46.7% |
| Profit (loss) for the period to be appropriated9905 | €8,171 | €90,468 | €154,987 | €114,712 | €168,300 | ▲ 46.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,531 | €542,426 | €676,589 | €1.0m | €1.3m | ▲ 24.1% |
| Fixed assets21/28 | €354,863 | €380,425 | €456,306 | €844,289 | €992,186 | ▲ 17.5% |
| Intangible fixed assets21 | €22,668 | €18,890 | €16,310 | €12,734 | €8,516 | ▼ 33.1% |
| Tangible fixed assets22/27 | €330,126 | €361,535 | €439,996 | €831,555 | €983,671 | ▲ 18.3% |
| Land and buildings22 | - | €348,421 | €361,691 | €699,355 | €855,913 | ▲ 22.4% |
| Plant, machinery and equipment23 | - | €5,890 | €11,455 | €76,311 | €81,320 | ▲ 6.6% |
| Furniture and vehicles24 | - | €7,224 | €66,850 | €55,889 | €46,437 | ▼ 16.9% |
| Financial fixed assets28 | €2,070 | €0 | - | - | - | - |
| Current assets29/58 | €83,668 | €162,002 | €220,282 | €195,481 | €298,272 | ▲ 52.6% |
| Stocks and contracts in progress3 | €1,540 | €1,290 | €5,831 | €4,451 | €3,645 | ▼ 18.1% |
| Stocks30/36 | - | €1,290 | €5,831 | €4,451 | €3,645 | ▼ 18.1% |
| Amounts receivable within one year40/41 | €21,185 | €22,686 | €44,341 | €73,986 | €83,358 | ▲ 12.7% |
| Trade receivables40 | - | €10,676 | €24,360 | €56,936 | €59,115 | ▲ 3.8% |
| Other amounts receivable41 | - | €12,010 | €19,981 | €17,050 | €24,243 | ▲ 42.2% |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €59,848 | €136,888 | €169,469 | €113,814 | €7,535 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | - | €1,138 | €642 | €3,230 | €3,734 | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,531 | €542,426 | €676,589 | €1.0m | €1.3m | ▲ 24.1% |
| Equity10/15 | €48,163 | €135,846 | €216,046 | €329,198 | €463,619 | ▲ 40.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €290,860 | €425,860 | ▲ 46.4% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €290,860 | €425,860 | ▲ 46.4% |
| Profit (loss) carried forward14 | €33,803 | €94,272 | €175,259 | €138 | €348 | ▲ 151% |
| Investment grants15 | - | €21,115 | €20,327 | €19,600 | €18,812 | ▼ 4.0% |
| Amounts payable17/49 | €390,368 | €406,580 | €460,543 | €710,572 | €826,839 | ▲ 16.4% |
| Amounts payable after more than one year17 | €266,769 | €272,951 | €291,041 | €545,508 | €575,976 | ▲ 5.6% |
| Financial debts170/4 | - | €272,951 | €291,041 | €545,508 | €575,976 | ▲ 5.6% |
| Amounts payable within one year42/48 | €121,230 | €131,430 | €168,249 | €165,064 | €250,863 | ▲ 52.0% |
| Current portion of amounts payable after more than one year42 | - | €14,970 | €22,586 | €29,887 | €37,376 | ▲ 25.1% |
| Trade debts44 | €47,459 | €28,084 | €16,553 | €10,946 | €40,437 | ▲ 269% |
| Suppliers440/4 | - | €28,084 | €16,553 | €10,946 | €40,437 | ▲ 269% |
| Taxes, remuneration and social security45 | - | €5,971 | €2,531 | €7,762 | €10,257 | ▲ 32.1% |
| Taxes450/3 | - | €3,133 | €975 | €2,093 | €4,302 | ▲ 106% |
| Remuneration and social security454/9 | - | €2,839 | €1,556 | €5,669 | €5,955 | ▲ 5.0% |
| Other amounts payable47/48 | - | €82,405 | €126,579 | €116,468 | €162,793 | ▲ 39.8% |
| Accrued charges and deferred income492/3 | - | €2,199 | €1,253 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,171 | €90,468 | €154,987 | €114,712 | €168,300 | ▲ 46.7% |
| + Depreciation and write-downs630 | €20,303 | €26,448 | €33,184 | €71,840 | €81,124 | ▲ 12.9% |
| Operating cash flow (approximation) | €28,474 | €116,916 | €188,172 | €186,553 | €249,424 | ▲ 33.7% |
| Investment in fixed assets (approximation) | - | -€52,009 | -€109,066 | -€459,823 | -€229,022 | ▲ 50.2% |
| Change in cash | - | €77,040 | €32,581 | -€55,654 | -€106,279 | ▼ 91.0% |
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
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €168,300 ▲46.7%
Operating result €230,266, net result €168,300, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €200,000Eq €216,046 ▲59%
5 profitable years in a row build equity to €216,046.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €100,000Eq €135,846 ▲182%
4 profitable years in a row build equity to €135,846.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €5,269 ▼57.8%
Net result drops to €5,269, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Verviers · 2 establishment units since 2017
Ground area
1.9 ha
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
MENUISERIE TY
since 20172.260.814.335
Rue Henri Leclercq 8, 4801 Verviers
since 20252.383.531.213
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63074B0179/00W000 | Wallonia | 1.7 ha | - | - |
| 63074B0179/00Y000 | Wallonia | 2,301 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 6,120 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
Founded30-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670514181
Also
9925:BE0670514181
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.