MJ MENUISERIE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MJ MENUISERIE is 3.1% (moderate). The 2024 annual accounts show equity of €80k and a net result of €14k. Its solvency ranks better than 17% of 11087 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 11087 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-08-2025, 24 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.

How we compute the deadline

The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	24-08-2025	24 d late	2025-00461771
31-12-2023	31-07-2024	20-08-2024	20 d late	2024-00361246

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.1% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€14k-76.5%

Working capital€124k-7.3%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 24-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	11.5%	40.9%	better than 17% of 11087 sector peers
Net result	€14k	€11k	better than 55% of 11069 sector peers
Equity	€80k	€34k	better than 77% of 11090 sector peers
Gross operating margin	€259k	€35k	better than 95% of 11060 sector peers
Staff costs	€178k	€25k	higher than 94% of 4038 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€77k

-25.2% 23-24

Net profit

€14k

-76.5% 23-24

Cash flow

€70k

-26.2% 23-24

Total assets

€691k

+97.6% 23-24

Equity

€80k

+21.7% 23-24

Working capital

€124k

-7.3% 23-24

Employees (FTE)

3

- 23-24

Staff costs

€178k

+50.6% 23-24

Income taxes

€1k

-89.5% 23-24

Debt

€612k

+115.1% 23-24

Debt ≤ 1y

€113k

+55.3% 23-24

Debt > 1y

€499k

+135.6% 23-24

Current ratio

2.10

-26.1% 23-24

Quick ratio

0.75

-39.3% 23-24

Solvency

11.5%

-38.4% 23-24

Debt / equity

7.66

+76.7% 23-24

ROE

17.8%

-80.7% 23-24

ROA

2.1%

-88.1% 23-24

Interest coverage

8.87

-82.4% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€77k
Net profit	€14k
Cash flow	€70k
Staff costs	€178k
Income taxes	€1k
Dividends	-
Total assets	€691k
Equity	€80k
Debt	€612k
of which ≤ 1y	€113k
of which > 1y	€499k
Working capital	€124k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.10
Quick ratio	0.75
Working capital ratio	18.0%
Solvency	11.5%
Debt / equity	7.66
Long-term debt ratio	6.25
Interest coverage	8.87
Gross margin	-
Net margin	-
ROA	2.1%
ROE	17.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €454k · 65.7% Current assets €237k · 34.3%

Equity & liabilities

Equity €80k · 11.5% Debt €612k · 88.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€691k
Fixed assets	21/28	€454k
Tangible fixed assets	22/27	€454k
Financial fixed assets	28	€124
Current assets	29/58	€237k
Stocks & contracts in progress	3	€153k
Amounts receivable within one year	40/41	€52k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€691k
Equity	10/15	€80k
Contributions / capital	10/11	€5k
Reserves	13	€75k
Amounts payable	17/49	€612k
Amounts payable after one year	17	€499k
Amounts payable within one year	42/48	€113k
Trade debts payable within one year	44	€55k
Income statement
Gross operating margin	9900	€259k
Operating result	9901	€22k
Financial income	75	€2k
Financial charges	65	€9k
Result before taxes	9903	€15k
Income taxes	67/77	€1k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

68 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

Jenny STEFFEN
Director
State Gazette act 24097327 (28-06-2024)

Current
24-05-2024 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	29-06-2023
Status	Active
Postal code	4950

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

MJ MENUISERIE

Rue de la Paix,Thirimont 31, 4950 WaimesZagen en schaven van hout

since 20232.347.565.393

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area1,225 m²

Buildings1

Building footprint200 m²

Volume (LiDAR)776 m³

Tallest building5.0 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63080K0047/00L000	Wallonia	1,073 m²	-	-
63080R0373/00E000	Wallonia	152 m²	1 · 200 m²	5.0 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

28-06-2024 Jenny STEFFEN appointed as director Director changes

Jenny STEFFEN, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 89

Solvency 41

Growth 52

Stability 94

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