Studio Menko
ActiveSummary
Studio Menko has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €271,153 and a net result of €93,144. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+2
Solvency79▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.58 in 2024; short-term debt: 45.8% and cash: 22.7% of total assets), and 45.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
54.2%
Return on assets
18.6%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €271,153
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
30 d late
2022
23 d late
2021
25 d late
2020
19 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 25 August (5 of the last 5 filed years within 30 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
€271,153▲ 52.3%
2024 · €178,008
Total assets
€500,249▲ 6.3%
2024 · €470,792
Net result
€93,144▲ 17.0%
2024 · €79,578
Working capital
-€28,247▲ 76.9%
2024 · -€122,338
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€62,705▼ 53.6%€84,175▲ 34.2%€88,909▲ 5.6%€108,202▲ 21.7%€125,189▲ 15.7%
Net result€49,324above the sector's middle half▼ 52.7%€66,954above the sector's middle half▲ 35.7%€70,545above the sector's middle half▲ 5.4%€79,578above the sector's middle half▲ 12.8%€93,144above the sector's middle half▲ 17.0%
Equity€25,931within the sector's middle half▼ 2.5%€27,885within the sector's middle half▲ 7.5%€98,431within the sector's middle half▲ 253%€178,008above the sector's middle half▲ 80.8%€271,153above the sector's middle half▲ 52.3%
Total assets€101,181within the sector's middle half▼ 54.2%€131,379within the sector's middle half▲ 29.8%€130,950within the sector's middle half▼ 0.3%€470,792above the sector's middle half▲ 260%€500,249above the sector's middle half▲ 6.3%
Debt€75,250▼ 61.3%€103,494▲ 37.5%€32,519▼ 68.6%€292,783▲ 800%€229,096▼ 21.8%
Working capital€25,128within the sector's middle half▲ 1.6%€27,472within the sector's middle half▲ 9.3%€97,724within the sector's middle half▲ 256%-€122,338below the sector's middle half-€28,247below the sector's middle half▲ 76.9%
Solvency25.6%within the sector's middle half▲ 13.6pp21.2%below the sector's middle half▼ 4.4pp75.2%within the sector's middle half▲ 53.9pp37.8%within the sector's middle half▼ 37.4pp54.2%within the sector's middle half▲ 16.4pp
Current ratio1.34within the sector's middle half▲ 0.211.27within the sector's middle half▼ 0.074.36above the sector's middle half▲ 3.090.58below the sector's middle half▼ 3.780.88below the sector's middle half▲ 0.29
Return on assets (ROA)48.7%above the sector's middle half▲ 1.6pp51.0%above the sector's middle half▲ 2.2pp53.9%above the sector's middle half▲ 2.9pp16.9%within the sector's middle half▼ 37.0pp18.6%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 has risen four years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500,249
Fixed assets
€299,467 ▼ 0.3%
Current assets
€200,782 ▲ 17.8%
Equity and liabilities €500,249
Equity
€271,153 ▲ 52.3%
Debt
€229,096 ▼ 21.8%
Debt's share of the balance-sheet total falls from 62.2% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126,135▲
2024 · €109,147
Cash flow
€94,089▲
2024 · €80,523
Debt to equity
0.84▼
2024 · 1.64
ROE
34.4%▼
2024 · 44.7%
Interest coverage
196.43▲
2024 · 106.18
Debt ≤ 1 year
€229,029▼
2024 · €292,718
Income taxes
€31,739▲
2024 · €27,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €720 | €720 | €1,009 | €945 | €945 | = |
| Other operating charges640/8 | €348 | €348 | €518 | €1,189 | €450 | ▼ 62.2% |
| Gross operating margin9900 | €63,773 | €85,242 | €90,436 | €110,336 | €126,584 | ▲ 14.7% |
| Operating profit (loss)9901 | €62,705 | €84,175 | €88,909 | €108,202 | €125,189 | ▲ 15.7% |
| Financial income75/76B | - | - | - | - | €336 | - |
| Recurring financial income75 | - | - | - | - | €336 | - |
| Financial charges65/66B | €417 | €437 | €721 | €1,028 | €642 | ▼ 37.5% |
| Recurring financial charges65 | €417 | €437 | €721 | €1,028 | €642 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €62,289 | €83,737 | €88,188 | €107,174 | €124,883 | ▲ 16.5% |
| Income taxes67/77 | €12,965 | €16,783 | €17,642 | €27,596 | €31,739 | ▲ 15.0% |
| Profit (loss) for the period9904 | €49,324 | €66,954 | €70,545 | €79,578 | €93,144 | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €49,324 | €66,954 | €70,545 | €79,578 | €93,144 | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,181 | €131,379 | €130,950 | €470,792 | €500,249 | ▲ 6.3% |
| Fixed assets21/28 | €1,207 | €487 | €4,120 | €300,412 | €299,467 | ▼ 0.3% |
| Tangible fixed assets22/27 | €1,207 | €487 | €4,120 | €3,175 | €2,230 | ▼ 29.8% |
| Furniture and vehicles24 | €1,207 | €487 | €4,120 | €3,175 | €2,230 | ▼ 29.8% |
| Financial fixed assets28 | - | - | - | €297,237 | €297,237 | = |
| Current assets29/58 | €99,974 | €130,891 | €126,830 | €170,380 | €200,782 | ▲ 17.8% |
| Amounts receivable after more than one year29 | - | - | - | €51,000 | €31,889 | ▼ 37.5% |
| Other amounts receivable291 | - | - | - | €51,000 | €31,889 | ▼ 37.5% |
| Amounts receivable within one year40/41 | €68,256 | €52,155 | €48,612 | €70,263 | €55,270 | ▼ 21.3% |
| Trade receivables40 | €63,563 | €52,155 | €48,086 | €70,103 | €38,670 | ▼ 44.8% |
| Other amounts receivable41 | €4,694 | - | €526 | €160 | €16,600 | ▲ 10,279% |
| Cash at bank and in hand54/58 | €31,718 | €78,736 | €78,217 | €49,060 | €113,623 | ▲ 132% |
| Deferred charges and accrued income490/1 | - | - | - | €57 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,181 | €131,379 | €130,950 | €470,792 | €500,249 | ▲ 6.3% |
| Equity10/15 | €25,931 | €27,885 | €98,431 | €178,008 | €271,153 | ▲ 52.3% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €75,000 | €157,000 | €250,000 | ▲ 59.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €75,000 | €157,000 | €250,000 | ▲ 59.2% |
| Profit (loss) carried forward14 | €5,471 | €7,425 | €2,971 | €548 | €693 | ▲ 26.3% |
| Amounts payable17/49 | €75,250 | €103,494 | €32,519 | €292,783 | €229,096 | ▼ 21.8% |
| Amounts payable within one year42/48 | €74,845 | €103,420 | €29,105 | €292,718 | €229,029 | ▼ 21.8% |
| Financial debts43 | €3,796 | €3,782 | €3,832 | €3,834 | €3,822 | ▼ 0.3% |
| Credit institutions430/8 | €3,796 | €3,782 | €3,832 | €3,834 | €3,822 | ▼ 0.3% |
| Trade debts44 | €1,980 | €1,070 | €1,001 | €2,011 | €6,745 | ▲ 235% |
| Suppliers440/4 | €1,980 | €1,070 | €1,001 | €2,011 | €6,745 | ▲ 235% |
| Taxes, remuneration and social security45 | €16,038 | €18,922 | €24,272 | €17,413 | €37,790 | ▲ 117% |
| Taxes450/3 | €16,038 | €18,922 | €24,272 | €17,413 | €37,790 | ▲ 117% |
| Other amounts payable47/48 | €53,031 | €79,646 | - | €269,460 | €180,672 | ▼ 33.0% |
| Accrued charges and deferred income492/3 | €405 | €74 | €3,414 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,324 | €66,954 | €70,545 | €79,578 | €93,144 | ▲ 17.0% |
| + Depreciation and write-downs630 | €720 | €720 | €1,009 | €945 | €945 | = |
| Operating cash flow (approximation) | €50,043 | €67,674 | €71,555 | €80,523 | €94,089 | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,642 | -€297,237 | €0 | ▲ 100% |
| Change in cash | - | €47,019 | -€519 | -€29,157 | €64,563 | ▲ 321% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Equity above €200,000Eq €271,153 ▲52.3%
8 profitable years in a row build equity to €271,153.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €150,000Eq €178,008 ▲80.8%
7 profitable years in a row build equity to €178,008.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.36
Current ratio from 1.27 to 4.36; short-term debt falls from €103,420 to €29,105.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €104,369 ▲36.2%
Operating result €135,246, net result €104,369, both a record.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 4.34
Current ratio from 1.28 to 4.34; short-term debt falls from €67,515 to €28,522.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2014
Ground area
2,378 m²
Building footprint
193 m²
Volume, LiDAR
2,203 m³
2 parcels, Brussels · tallest building 22.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO MENKO
since 20142.229.666.150
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0121/00G009 | Brussels | 2,146 m² | 1 · 86 m² | 16.1 m · 5 fl. |
| 21815D0066/00R000 | Brussels | 232 m² | 1 · 107 m² | 22.1 m · 3 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
26%
-
10.78%
According to the 2025 annual accounts of Studio Menko and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,938 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
Founded24-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544700827
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.