MJ MENUISERIE
ActiveSummary
The computed 12-month bankruptcy probability of MJ MENUISERIE is 2.6% (moderate). The 2025 annual accounts show equity of €110,354 and a net result of €30,557. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency40▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.1 in 2024; short-term debt: 20.6% and cash: 4.7% of total assets), but 84.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
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
15.1%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
24 d late
2023
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 August (3 of the last 3 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€110,354▲ 38.3%
2024 · €79,797
Total assets
€730,394▲ 5.6%
2024 · €691,399
Net result
€30,557▲ 115%
2024 · €14,237
Working capital
€170,342▲ 37.1%
2024 · €124,259
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
Line202320242025
Operating result€69,247-€21,721▼ 68.6%€46,395▲ 114%
Net result€60,560above the sector's middle half-€14,237within the sector's middle half▼ 76.5%€30,557above the sector's middle half▲ 115%
Equity€65,560within the sector's middle half-€79,797within the sector's middle half▲ 21.7%€110,354within the sector's middle half▲ 38.3%
Total assets€349,936above the sector's middle half-€691,399above the sector's middle half▲ 97.6%€730,394above the sector's middle half▲ 5.6%
Debt€284,376-€611,601▲ 115%€620,040▲ 1.4%
Working capital€134,008above the sector's middle half-€124,259above the sector's middle half▼ 7.3%€170,342above the sector's middle half▲ 37.1%
Solvency18.7%below the sector's middle half-11.5%below the sector's middle half▼ 7.2pp15.1%below the sector's middle half▲ 3.6pp
Current ratio2.84within the sector's middle half-2.10within the sector's middle half▼ 0.742.13within the sector's middle half▲ 0.03
Return on assets (ROA)17.3%within the sector's middle half-2.1%within the sector's middle half▼ 15.2pp4.2%within the sector's middle half▲ 2.1pp
Staff (FTE)3-3
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 2025; 2025 is 114% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €730,394
Fixed assets
€409,243 ▼ 9.9%
Current assets
€321,152 ▲ 35.4%
Equity and liabilities €730,394
Equity
€110,354 ▲ 38.3%
Debt
€620,040 ▲ 1.4%
Debt's share of the balance-sheet total falls from 88.5% to 84.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123,826▲
2024 · €77,102
Cash flow
€107,988▲
2024 · €69,618
Quick ratio
1.03▲
2024 · 0.75
Debt to equity
5.62▼
2024 · 7.66
ROE
27.7%▲
2024 · 17.8%
Interest coverage
8.71▼
2024 · 8.87
Debt ≤ 1 year
€150,810▲
2024 · €112,914
Debt > 1 year
€469,230▼
2024 · €498,687
Income taxes
€7,403▲
2024 · €1,058
Staff costs
€185,381▲
2024 · €177,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.5%
went bankrupt
1.2%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 2,542 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €118,091 | €177,857 | €185,381 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,817 | €55,381 | €77,431 | ▲ 39.8% |
| Other operating charges640/8 | €1,664 | €3,267 | €1,343 | ▼ 58.9% |
| Non-recurring operating charges66A | €22 | €376 | - | - |
| Gross operating margin9900 | €222,841 | €258,602 | €310,551 | ▲ 20.1% |
| Operating profit (loss)9901 | €69,247 | €21,721 | €46,395 | ▲ 114% |
| Financial income75/76B | €3,409 | €2,266 | €5,785 | ▲ 155% |
| Recurring financial income75 | €3,409 | €2,266 | €5,785 | ▲ 155% |
| Financial charges65/66B | €2,043 | €8,692 | €14,221 | ▲ 63.6% |
| Recurring financial charges65 | €2,043 | €8,692 | €14,221 | ▲ 63.6% |
| Profit (loss) for the period before taxes9903 | €70,612 | €15,295 | €37,960 | ▲ 148% |
| Income taxes67/77 | €10,052 | €1,058 | €7,403 | ▲ 600% |
| Profit (loss) for the period9904 | €60,560 | €14,237 | €30,557 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €60,560 | €14,237 | €30,557 | ▲ 115% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €349,936 | €691,399 | €730,394 | ▲ 5.6% |
| Fixed assets21/28 | €143,231 | €454,226 | €409,243 | ▼ 9.9% |
| Intangible fixed assets21 | - | - | €18,892 | - |
| Tangible fixed assets22/27 | €143,107 | €454,102 | €390,227 | ▼ 14.1% |
| Land and buildings22 | - | €106,722 | €106,722 | = |
| Plant, machinery and equipment23 | €103,178 | €234,551 | €198,396 | ▼ 15.4% |
| Furniture and vehicles24 | €39,929 | €54,223 | €38,851 | ▼ 28.3% |
| Other tangible fixed assets26 | - | €58,606 | €46,257 | ▼ 21.1% |
| Financial fixed assets28 | €124 | €124 | €124 | = |
| Current assets29/58 | €206,704 | €237,173 | €321,152 | ▲ 35.4% |
| Stocks and contracts in progress3 | €117,161 | €152,764 | €166,339 | ▲ 8.9% |
| Stocks30/36 | €45,158 | €97,552 | €128,515 | ▲ 31.7% |
| Contracts in progress37 | €72,004 | €55,212 | €37,824 | ▼ 31.5% |
| Amounts receivable within one year40/41 | €29,418 | €51,942 | €108,352 | ▲ 109% |
| Trade receivables40 | €4,713 | €7,806 | €87,717 | ▲ 1,024% |
| Other amounts receivable41 | €24,704 | €44,136 | €20,635 | ▼ 53.2% |
| Cash at bank and in hand54/58 | €47,915 | €12,225 | €34,397 | ▲ 181% |
| Deferred charges and accrued income490/1 | €12,210 | €20,242 | €12,064 | ▼ 40.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €349,936 | €691,399 | €730,394 | ▲ 5.6% |
| Equity10/15 | €65,560 | €79,797 | €110,354 | ▲ 38.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €60,560 | €74,797 | €105,354 | ▲ 40.9% |
| Distributable reserves133 | €60,560 | €74,797 | €105,354 | ▲ 40.9% |
| Amounts payable17/49 | €284,376 | €611,601 | €620,040 | ▲ 1.4% |
| Amounts payable after more than one year17 | €211,679 | €498,687 | €469,230 | ▼ 5.9% |
| Financial debts170/4 | €25,237 | €341,857 | €320,965 | ▼ 6.1% |
| Other amounts payable178/9 | €186,442 | €156,831 | €148,265 | ▼ 5.5% |
| Amounts payable within one year42/48 | €72,697 | €112,914 | €150,810 | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | €6,240 | €38,219 | €41,013 | ▲ 7.3% |
| Trade debts44 | €47,381 | €54,846 | €99,555 | ▲ 81.5% |
| Suppliers440/4 | €47,381 | €54,846 | €99,555 | ▲ 81.5% |
| Taxes, remuneration and social security45 | €19,075 | €19,849 | €10,242 | ▼ 48.4% |
| Taxes450/3 | €13,714 | €10,688 | €3,046 | ▼ 71.5% |
| Remuneration and social security454/9 | €5,361 | €9,160 | €7,197 | ▼ 21.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,560 | €14,237 | €30,557 | ▲ 115% |
| + Depreciation and write-downs630 | €33,817 | €55,381 | €77,431 | ▲ 39.8% |
| Operating cash flow (approximation) | €94,377 | €69,618 | €107,988 | ▲ 55.1% |
| Investment in fixed assets (approximation) | - | -€366,375 | -€32,448 | ▲ 91.1% |
| Change in cash | - | -€35,690 | €22,172 | ▲ 162% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €110,354 ▲38.3%
3 profitable years in a row build equity to €110,354.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €14,237 ▼76.5%
Net result drops to €14,237, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waimes · 1 establishment unit since 2023
Ground area
1,225 m²
Building footprint
200 m²
Volume, LiDAR
776 m³
2 parcels, Wallonia · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MJ MENUISERIE
since 20232.347.565.393
2 parcels
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. |
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesMJ MENUISERIE SRL45348
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 7,721 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
Founded29-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803348852
Registered
02-12-2025
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.