MENUITEC
ActiveSummary
MENUITEC has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64,645 and a net result of -€421. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 3551 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-2
Solvency40▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.0 in 2023; short-term debt: 81.4% and cash: 8.2% of total assets), and 85.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
14.9%
Return on assets
-0.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3551 sector peers (2024).
NBB · sector comparisonPosition among 3551 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
42 d early
2021
32 d early
2020
37 d early
2019
30 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 14 days before 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, full schema
In the rankings
#2 oldest company in Binche, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€421▲ 62.4%
2023 · -€1,117
Working capital
€59,327▲ 2,572%
2023 · €2,220
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,654▼ 11.3%€26,539▲ 35.0%€1,393▼ 94.8%€20,343▲ 1,360%€32,373▲ 59.1%
Net result€1,344▼ 78.6%€2,957▲ 120%-€3,544-€1,117▲ 68.5%-€421▲ 62.4%
Equity€74,477▼ 0.8%€75,507▲ 1.4%€70,036▼ 7.2%€66,992▼ 4.3%€64,645▼ 3.5%
Total assets€555,823▲ 17.2%€621,002▲ 11.7%€726,077▲ 16.9%€1.0m▲ 39.5%€433,650▼ 57.2%
Debt€481,346▲ 20.5%€545,495▲ 13.3%€656,041▲ 20.3%€946,163▲ 44.2%€369,006▼ 61.0%
Working capital€47,552▲ 830%€31,864▼ 33.0%€19,887▼ 37.6%€2,220▼ 88.8%€59,327▲ 2,572%
Staff (FTE)7.2▲ 5.9%8.7▲ 20.8%8.7=8.9▲ 2.3%7.9▼ 11.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 59% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €433,650
Fixed assets
€21,387 ▼ 93.2%
Current assets
€412,263 ▼ 41.0%
Equity and liabilities €433,650
Equity
€64,645 ▼ 3.5%
Debt
€369,006 ▼ 61.0%
Debt's share of the balance-sheet total falls from 93.4% to 85.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46,470▲
2023 · €42,867
Cash flow
€13,676▼
2023 · €21,407
Current ratio
1.17▲
2023 · 1.00
Quick ratio
0.99▲
2023 · 0.87
Debt to equity
5.71▼
2023 · 14.12
ROE
-0.7%▲
2023 · -1.7%
ROA
-0.1%▲
2023 · -0.1%
Interest coverage
2.03▼
2023 · 2.33
Debt ≤ 1 year
€352,936▼
2023 · €696,838
Debt > 1 year
€16,069▼
2023 · €249,325
Income taxes
€11,879▲
2023 · €5,850
Staff costs
€354,949▼
2023 · €404,124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,448 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 | - | - | - | €7,795 | - | - |
| Remuneration, social security and pensions62 | - | €381,963 | €434,401 | €404,124 | €354,949 | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,757 | €27,341 | €28,438 | €22,524 | €14,096 | ▼ 37.4% |
| Other operating charges640/8 | - | €4,650 | €5,966 | €7,312 | €26,148 | ▲ 258% |
| Non-recurring operating charges66A | - | - | €7,639 | - | - | - |
| Gross operating margin9900 | €336,351 | €440,493 | €477,837 | €454,303 | €427,567 | ▼ 5.9% |
| Operating profit (loss)9901 | €19,654 | €26,539 | €1,393 | €20,343 | €32,373 | ▲ 59.1% |
| Financial income75/76B | - | €6,739 | €18,219 | €3,262 | €1,941 | ▼ 40.5% |
| Recurring financial income75 | €4,612 | €6,739 | €18,219 | €3,262 | €1,941 | ▼ 40.5% |
| Financial charges65/66B | - | €20,466 | €18,216 | €18,872 | €22,856 | ▲ 21.1% |
| Recurring financial charges65 | €17,290 | €20,466 | €18,216 | €18,384 | €22,856 | ▲ 24.3% |
| Non-recurring financial charges66B | - | - | - | €488 | - | - |
| Profit (loss) for the period before taxes9903 | €6,976 | €12,812 | €1,396 | €4,733 | €11,459 | ▲ 142% |
| Income taxes67/77 | €5,632 | €9,855 | €4,941 | €5,850 | €11,879 | ▲ 103% |
| Profit (loss) for the period9904 | €1,344 | €2,957 | -€3,544 | -€1,117 | -€421 | ▲ 62.4% |
| Profit (loss) for the period to be appropriated9905 | €1,344 | €2,957 | -€3,544 | -€1,117 | -€421 | ▲ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555,823 | €621,002 | €726,077 | €1.0m | €433,650 | ▼ 57.2% |
| Fixed assets21/28 | €335,956 | €339,837 | €314,037 | €314,097 | €21,387 | ▼ 93.2% |
| Tangible fixed assets22/27 | €335,754 | €339,837 | €314,037 | €314,097 | €21,387 | ▼ 93.2% |
| Land and buildings22 | - | €307,705 | €293,683 | €284,004 | - | - |
| Plant, machinery and equipment23 | - | €11,058 | €7,125 | €7,138 | €5,868 | ▼ 17.8% |
| Furniture and vehicles24 | - | €21,075 | €13,229 | €22,955 | €15,519 | ▼ 32.4% |
| Financial fixed assets28 | €202 | - | - | - | - | - |
| Current assets29/58 | €219,867 | €281,164 | €412,039 | €699,058 | €412,263 | ▼ 41.0% |
| Stocks and contracts in progress3 | €23,872 | €55,940 | €96,945 | €94,399 | €64,000 | ▼ 32.2% |
| Stocks30/36 | - | €30,731 | €92,945 | €94,399 | €64,000 | ▼ 32.2% |
| Contracts in progress37 | - | €25,208 | €4,000 | - | - | - |
| Amounts receivable within one year40/41 | €113,120 | €165,103 | €215,744 | €552,147 | €307,222 | ▼ 44.4% |
| Trade receivables40 | - | €113,470 | €170,273 | €488,438 | €281,797 | ▼ 42.3% |
| Other amounts receivable41 | - | €51,633 | €45,471 | €63,709 | €25,425 | ▼ 60.1% |
| Cash at bank and in hand54/58 | €72,583 | €55,620 | €59,316 | €41,081 | €35,631 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | - | €4,501 | €40,034 | €11,430 | €5,410 | ▼ 52.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555,823 | €621,002 | €726,077 | €1.0m | €433,650 | ▼ 57.2% |
| Equity10/15 | €74,477 | €75,507 | €70,036 | €66,992 | €64,645 | ▼ 3.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €820 | €820 | €820 | €820 | €820 | = |
| Non-distributable reserves130/1 | - | €820 | €820 | €820 | €820 | = |
| Legal reserve130 | - | €820 | €820 | €820 | €820 | = |
| Profit (loss) carried forward14 | -€32,750 | -€29,793 | -€33,337 | -€34,455 | -€34,875 | ▼ 1.2% |
| Investment grants15 | - | €42,480 | €40,553 | €38,627 | €36,700 | ▼ 5.0% |
| Amounts payable17/49 | €481,346 | €545,495 | €656,041 | €946,163 | €369,006 | ▼ 61.0% |
| Amounts payable after more than one year17 | €309,031 | €296,194 | €263,889 | €249,325 | €16,069 | ▼ 93.6% |
| Financial debts170/4 | - | €296,194 | €263,889 | €249,325 | €16,069 | ▼ 93.6% |
| Amounts payable within one year42/48 | €172,315 | €249,301 | €392,152 | €696,838 | €352,936 | ▼ 49.4% |
| Current portion of amounts payable after more than one year42 | - | €22,787 | €23,876 | €37,906 | €9,230 | ▼ 75.7% |
| Financial debts43 | - | €8,233 | €12,429 | €254 | €212 | ▼ 16.7% |
| Credit institutions430/8 | - | - | - | €254 | €212 | ▼ 16.7% |
| Other loans439 | - | €8,233 | €12,429 | - | - | - |
| Trade debts44 | €33,342 | €96,766 | €240,981 | €624,485 | €322,288 | ▼ 48.4% |
| Suppliers440/4 | - | €96,766 | €240,981 | €624,485 | €322,288 | ▼ 48.4% |
| Advances received on contracts in progress46 | - | €69,148 | €38,674 | €9,489 | - | - |
| Taxes, remuneration and social security45 | - | €47,389 | €71,251 | €24,704 | €15,414 | ▼ 37.6% |
| Taxes450/3 | - | €19,334 | €28,857 | €12,161 | €9,677 | ▼ 20.4% |
| Remuneration and social security454/9 | - | €28,055 | €42,394 | €12,543 | €5,736 | ▼ 54.3% |
| Other amounts payable47/48 | - | €4,977 | €4,940 | - | €5,794 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,344 | €2,957 | -€3,544 | -€1,117 | -€421 | ▲ 62.4% |
| + Depreciation and write-downs630 | €21,757 | €27,341 | €28,438 | €22,524 | €14,096 | ▼ 37.4% |
| Operating cash flow (approximation) | €23,101 | €30,298 | €24,894 | €21,407 | €13,676 | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | -€31,222 | -€2,638 | -€22,584 | €278,613 | ▲ 1,334% |
| Change in cash | - | -€16,963 | €3,696 | -€18,235 | -€5,450 | ▲ 70.1% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€3,544
Net result drops to -€3,544, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €6,288 ▲114%
Net result €6,288, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Binche · 1 establishment unit since 1976
Ground area
224 m²
Building footprint
61 m²
Volume, LiDAR
634 m³
Parcel 56063B0218/00L003, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MENUITEC sa
since 19762.038.213.884
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56063B0218/00L003 | Wallonia | 224 m² | 1 · 61 m² | 12.2 m · 3 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.
Similar companies · same sector, comparable size
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GESTHO
BE 0785.313.384
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De Cuyper Consult
BE 0767.665.423
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PAPIER DE SABLE
BE 0898.288.591
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,578 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1975
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
celine@menuitec.beBinche
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415981332
Also
9925:BE0415981332
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.