MNZ
ActiveSummary
MNZ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43,616 and a net result of €6,477. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 1078 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
59
/ 100
Fair
The figures in the accounts for fiscal year 2024 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-8
Solvency63▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 0.72 in 2023; short-term debt: 60.3% and cash: 8.6% of total assets), and 62% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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
38%
Return on assets
5.6%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-02-2026, 189 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
189 d late
2023
458 d late
2022
31 d late
2021
3 d early
2020
25 d late
2019
98 d late
← 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 133 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€43,616▲ 17.4%
2023 · €37,139
Total assets
€114,745▼ 2.6%
2023 · €117,765
Net result
€6,477▼ 56.0%
2023 · €14,730
Working capital
-€637▲ 97.2%
2023 · -€22,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result€9,037▲ 155%-€6,184€16,346€21,748▲ 33.1%€10,454▼ 51.9%
Net result€10,395within the sector's middle half▲ 218%-€5,540below the sector's middle half€15,469within the sector's middle half€14,730within the sector's middle half▼ 4.8%€6,477within the sector's middle half▼ 56.0%
Equity€24,663within the sector's middle half▲ 72.9%€19,123within the sector's middle half▼ 22.5%€34,592within the sector's middle half▲ 80.9%€37,139within the sector's middle half▲ 7.4%€43,616below the sector's middle half▲ 17.4%
Total assets€27,662below the sector's middle half▲ 14.1%€25,259below the sector's middle half▼ 8.7%€126,849within the sector's middle half▲ 402%€117,765within the sector's middle half▼ 7.2%€114,745below the sector's middle half▼ 2.6%
Debt€2,999▼ 69.9%€6,136▲ 105%€92,257▲ 1,404%€80,627▼ 12.6%€71,128▼ 11.8%
Working capital€24,205within the sector's middle half▲ 79.8%€18,894within the sector's middle half▼ 21.9%-€33,948below the sector's middle half-€22,864below the sector's middle half▲ 32.6%-€637within the sector's middle half▲ 97.2%
Solvency89.2%above the sector's middle half▲ 30.3pp75.7%above the sector's middle half▼ 13.5pp27.3%within the sector's middle half▼ 48.4pp31.5%within the sector's middle half▲ 4.3pp38.0%within the sector's middle half▲ 6.5pp
Current ratio9.07above the sector's middle half▲ 6.724.08above the sector's middle half▼ 4.990.63below the sector's middle half▼ 3.450.72below the sector's middle half▲ 0.080.99within the sector's middle half▲ 0.27
Return on assets (ROA)37.6%above the sector's middle half▲ 24.1pp-21.9%below the sector's middle half▼ 59.5pp12.2%within the sector's middle half▲ 34.1pp12.5%within the sector's middle half▲ 0.3pp5.6%within the sector's middle half▼ 6.9pp
Staff (FTE)9.113.2above the sector's middle half▲ 45.1%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €114,745
Fixed assets
€46,153 ▼ 23.1%
Current assets
€68,592 ▲ 18.7%
Equity and liabilities €114,745
Equity
€43,616 ▲ 17.4%
Debt
€71,128 ▼ 11.8%
Debt's share of the balance-sheet total falls from 68.5% to 62.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,304▼
2023 · €34,956
Cash flow
€20,328▼
2023 · €27,939
Debt to equity
1.63▼
2023 · 2.17
ROE
14.9%▼
2023 · 39.7%
Interest coverage
23.96▼
2023 · 37.88
Debt ≤ 1 year
€69,228▼
2023 · €80,627
Income taxes
€2,963▼
2023 · €6,105
Staff costs
€62,559▲
2023 · €47,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,781 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €47,900 | €62,559 | ▲ 30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344 | €229 | €1,690 | €13,208 | €13,850 | ▲ 4.9% |
| Other operating charges640/8 | - | €966 | €323 | €797 | €2,115 | ▲ 165% |
| Gross operating margin9900 | €10,716 | -€4,988 | €18,358 | €83,654 | €88,978 | ▲ 6.4% |
| Operating profit (loss)9901 | €9,037 | -€6,184 | €16,346 | €21,748 | €10,454 | ▼ 51.9% |
| Financial income75/76B | - | €889 | - | €10 | €1 | ▼ 88.9% |
| Recurring financial income75 | €1,588 | €889 | - | €10 | €1 | ▼ 88.9% |
| Financial charges65/66B | - | €245 | €277 | €923 | €1,014 | ▲ 9.9% |
| Recurring financial charges65 | €229 | €245 | €277 | €923 | €1,014 | ▲ 9.9% |
| Profit (loss) for the period before taxes9903 | €10,395 | -€5,540 | €16,069 | €20,836 | €9,441 | ▼ 54.7% |
| Income taxes67/77 | €0 | - | €600 | €6,105 | €2,963 | ▼ 51.5% |
| Profit (loss) for the period9904 | €10,395 | -€5,540 | €15,469 | €14,730 | €6,477 | ▼ 56.0% |
| Profit (loss) for the period to be appropriated9905 | €10,395 | -€5,540 | €15,469 | €14,730 | €6,477 | ▼ 56.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,662 | €25,259 | €126,849 | €117,765 | €114,745 | ▼ 2.6% |
| Fixed assets21/28 | €458 | €229 | €68,540 | €60,003 | €46,153 | ▼ 23.1% |
| Intangible fixed assets21 | - | - | €63,540 | €50,540 | €37,540 | ▼ 25.7% |
| Tangible fixed assets22/27 | €458 | €229 | - | €3,763 | €2,913 | ▼ 22.6% |
| Plant, machinery and equipment23 | - | €229 | - | €2,692 | €2,122 | ▼ 21.2% |
| Furniture and vehicles24 | - | - | - | €1,071 | €791 | ▼ 26.2% |
| Financial fixed assets28 | - | - | €5,000 | €5,700 | €5,700 | = |
| Current assets29/58 | €27,203 | €25,030 | €58,310 | €57,762 | €68,592 | ▲ 18.7% |
| Amounts receivable within one year40/41 | €12,726 | €19,025 | €19,638 | €44,614 | €58,700 | ▲ 31.6% |
| Trade receivables40 | - | €3,278 | - | €8,286 | €1,960 | ▼ 76.4% |
| Other amounts receivable41 | - | €15,747 | €19,638 | €36,328 | €56,741 | ▲ 56.2% |
| Cash at bank and in hand54/58 | €14,477 | €6,005 | €38,460 | €13,148 | €9,892 | ▼ 24.8% |
| Deferred charges and accrued income490/1 | - | - | €211 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,662 | €25,259 | €126,849 | €117,765 | €114,745 | ▼ 2.6% |
| Equity10/15 | €24,663 | €19,123 | €34,592 | €37,139 | €43,616 | ▲ 17.4% |
| Contributions10/11 | - | €13,010 | €13,010 | €13,010 | €13,010 | = |
| Profit (loss) carried forward14 | €11,653 | €6,113 | €21,582 | €24,129 | €30,606 | ▲ 26.8% |
| Amounts payable17/49 | €2,999 | €6,136 | €92,257 | €80,627 | €71,128 | ▼ 11.8% |
| Amounts payable within one year42/48 | €2,999 | €6,136 | €92,257 | €80,627 | €69,228 | ▼ 14.1% |
| Trade debts44 | €1,083 | €4,157 | €26,005 | €29,630 | €32,773 | ▲ 10.6% |
| Suppliers440/4 | - | €4,157 | €26,005 | €29,630 | €32,773 | ▲ 10.6% |
| Taxes, remuneration and social security45 | - | €980 | €6,477 | €4,138 | €9,608 | ▲ 132% |
| Taxes450/3 | - | €980 | €6,477 | €4,138 | €9,608 | ▲ 132% |
| Other amounts payable47/48 | - | €1,000 | €59,776 | €46,859 | €26,848 | ▼ 42.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,900 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,395 | -€5,540 | €15,469 | €14,730 | €6,477 | ▼ 56.0% |
| + Depreciation and write-downs630 | €344 | €229 | €1,690 | €13,208 | €13,850 | ▲ 4.9% |
| Operating cash flow (approximation) | €10,739 | -€5,311 | €17,159 | €27,939 | €20,328 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | €0 | -€70,000 | -€4,671 | €0 | ▲ 100% |
| Change in cash | - | -€8,472 | €32,455 | -€25,312 | -€3,256 | ▲ 87.1% |
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
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 189 days late
2025
01-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 458 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €15,469
Net result €15,469 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€5,540
Net result drops to -€5,540, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 9.07
Current ratio from 2.35 to 9.07; short-term debt falls from €9,973 to €2,999.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €3,265
Net result €3,265 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aartselaar · 1 establishment unit since 2022
Ground area
456 m²
Building footprint
150 m²
Volume, LiDAR
851 m³
Parcel 11001B0209/00L000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Big Chef
since 20222.338.244.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0209/00L000 | Flanders | 456 m² | 1 · 150 m² | 10.0 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAartselaar2.338.244.881
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Of 1,706 companies in sector 81230 we hold annual accounts for 473. 351 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 (pre-2019)
Founded09-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0691910797
Registered
27-03-2026
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.