Age2 yrs
Real estate1 parcel · 1,519 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MN Legal is 0.4% (very low). The 2024 annual accounts show equity of €45k and a net result of €42k. Its solvency ranks better than 64% of 4829 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 27-08-2025 | 27 d late | 2025-00410186 |
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 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
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 everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+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€42k
Working capital€42k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.3% | 61.0% | |
| Net result | €42k | €33k | |
| Equity | €45k | €59k | |
| Gross operating margin | €61k | €56k | |
| Total assets | €64k | €117k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €60k |
| Net profit | €42k |
| Cash flow | €44k |
| Staff costs | - |
| Income taxes | €17k |
| Dividends | - |
| Total assets | €64k |
| Equity | €45k |
| Debt | €19k |
| of which ≤ 1y | €19k |
| of which > 1y | - |
| Working capital | €42k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.24 |
| Quick ratio | 3.24 |
| Working capital ratio | 65.8% |
| Solvency | 70.3% |
| Debt / equity | 0.42 |
| Long-term debt ratio | - |
| Interest coverage | 411.30 |
| Gross margin | - |
| Net margin | - |
| ROA | 65.6% |
| ROE | 93.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €64k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €61k |
| Amounts receivable within one year | 40/41 | €21k |
| Cash & bank | 54/58 | €40k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €64k |
| Equity | 10/15 | €45k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €42k |
| Amounts payable | 17/49 | €19k |
| Amounts payable within one year | 42/48 | €19k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €61k |
| Operating result | 9901 | €59k |
| Financial income | 75 | €135 |
| Financial charges | 65 | €147 |
| Result before taxes | 9903 | €59k |
| Income taxes | 67/77 | €17k |
| Net result for the period | 9904 | €42k |
| Result to be appropriated | 9905 | €42k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Xhoffraix-Au-dessus des Trous 24960 MalmedyEstablishment units
1 locationMN Legal
since 20242.354.963.822
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,519 m²
Buildings1
Building footprint372 m²
Volume (LiDAR)9,675 m³
Tallest building47.5 m · ±8 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0049/00P002 | Wallonia | 1,519 m² | 1 · 372 m² | 47.5 m · 8 fl. |
Methodology
via establishment units: 1
1 of 1 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 act All acts · 1
updated 2 years ago
2024
08-01-2024 Publication in the Belgian Official Gazette, Minor change
Summary:
otherNotary:
Olivier CRESPIN · Malmedy
Analysis
Financial profile
4 of 5 axes measured90
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
93
Profitability
100
Solvency
100
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 3,204 of the 21,902 companies in this sector. 2,833 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van advocaten69101
Primary activity highlighted.
Names & trade names
| Legal nameFR | MN Legal |
Registered office
Xhoffraix-Au-dessus des Trous 2
4960 Malmedy, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.