Menzenco
ActiveMenzenco has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €641k and a net result of €32k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 9.37 against 23.99 in 2024; short-term debt: 8.1% and cash: 8.7% of total assets), and 14% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
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
86%
Return on assets
4.3%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
1 d early
2023
6 d early
2022
39 d early
2021
7 d early
2020
10 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€641k▲ 0.5%
2024 · €638k
2019: €116k
2020: €135k
2021: €268k
2022: €418k
2023: €635k
2024: €638k
2019 → 2025
Total assets
€745k▲ 12.4%
2024 · €663k
2019: €237k
2020: €302k
2021: €382k
2022: €606k
2023: €782k
2024: €663k
2019 → 2025
Net result
€32k▼ 0.1%
2024 · €32k
2019: €52k
2020: €19k
2021: €133k
2022: €223k
2023: €277k
2024: €32k
2019 → 2025
Working capital
€503k▼ 13.1%
2024 · €578k
2019: €44k
2020: €62k
2021: €188k
2022: €314k
2023: €554k
2024: €578k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€418k▲ 56.3%€635k▲ 51.9%€638k▲ 0.4%€641k▲ 0.5%
Operating result€189k-€343k▲ 81.0%€383k▲ 11.7%€71k▼ 81.5%€37k▼ 48.2%
Net result€133k-€223k▲ 68.3%€277k▲ 24.1%€32k▼ 88.4%€32k▼ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745k
Fixed assets
€182k▲ 208%
Current assets
€563k▼ 6.8%
Equity and liabilities €745k
Equity
€641k▲ 0.5%
Debt
€104k▲ 314%
The debt ratio rises from 3.8% to 14.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▼
2024 · €103k
Cash flow
€64k▼
2024 · €64k
Solvency
86.0%▼
2024 · 96.2%
Current ratio
9.37▼
2024 · 23.99
Quick ratio
9.37▼
2024 · 23.99
Debt / equity
0.16▲
2024 · 0.04
ROE
5.0%▼
2024 · 5.1%
ROA
4.3%▼
2024 · 4.9%
Interest coverage
129.91▲
2024 · 97.56
Debt
€104k▲
2024 · €25k
Debt ≤ 1 year
€60k▲
2024 · €25k
Debt > 1 year
€44k
Income taxes
€14k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€663k€745k▲
Fixed assets21/28€59k€182k▲
Tangible fixed assets22/27€59k€182k▲
Land and buildings22€38k€25k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€18k€156k▲
Current assets29/58€604k€563k▼
Amounts receivable within one year40/41€195k€170k▼
Trade receivables40€31k€25k▼
Other amounts receivable41€163k€145k▼
Current investments50/53€375k€320k▼
Cash at bank and in hand54/58€29k€65k▲
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€663k€745k▲
Equity10/15€638k€641k▲
Contributions10/11€19k€19k=
Reserves13€619k€622k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€526€526=
Distributable reserves133€618k€622k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€25k€104k▲
Amounts payable after more than one year17-€44k
Financial debts170/4-€44k
Amounts payable within one year42/48€25k€60k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€11k€26k▲
Suppliers440/4€11k€26k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€10k€9k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€5k€9k▲
Income statement
Code20242025
Non-recurring operating income76A€0€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€109k€71k▼
Operating profit (loss)9901€71k€37k▼
Financial income75/76B€5k€10k▲
Recurring financial income75€5k€10k▲
Financial charges65/66B€1k€526▼
Recurring financial charges65€1k€526▼
Profit (loss) for the period before taxes9903€75k€46k▼
Income taxes67/77€43k€14k▼
Profit (loss) for the period9904€32k€32k▼
Profit (loss) for the period to be appropriated9905€32k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€32k▼
Transfer from equity791/2€20k€29k▲
Transfer to equity691/2€22k€32k▲
To other reserves6921€22k€32k▲
Profit to be distributed694/7€30k€29k▼
Return on contributions (dividend)694€30k€29k▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity times 5current ratio 23.99
Current ratio from 4.78 to 23.99; short-term debt falls from €146k to €25k.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €277k ▲24.1%
Operating result €383k, net result €277k, both a record.
30-06
Financial
Equity above €500kEq €635k ▲51.9%
5 profitable years in a row build equity to €635k.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 3.37
Current ratio from 1.54 to 3.37; short-term debt falls from €116k to €79k.
30-06
Financial
Equity above €200kEq €268k ▲98.4%
3 profitable years in a row build equity to €268k.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €19k ▼63.8%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beernem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gevaerts-Zuid 158730 BeernemGround area
2,417 m²
Building footprint
221 m²
Volume, LiDAR
1,185 m³
Parcel 31003F0715/00D000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gevaerts-Zuid 15, 8730 Beernem
since 20022.114.053.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003F0715/00D000 | Flanders | 2,417 m² | 1 · 221 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,765 EUR awarded · 3,765 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 240 EUR | 240 EUR |
| 2024 | 1 | 1,140 EUR | 1,140 EUR |
| 2023 | 1 | 2,385 EUR | 2,385 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,362 companies in sector 78100 we hold annual accounts for 1,365. 805 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-2002
Fiscal year end30-06
Activities, NACEBEL
74501
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.