MEMO-M
ActiveThe computed 12-month bankruptcy probability of MEMO-M is 2.3% (moderate). The 2024 annual accounts show negative equity (€-50k) and a net result of €-120k. Equity is growing by ~73.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 6717 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-83
Solvency16▼-25
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.33 against 1.06 in 2023; short-term debt: 64.9% and cash: 3.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
-9.4%
Return on assets
-22.5%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-50k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d early
2022
73 d late
2021
29 d late
2020
94 d late
2019
5 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-50k
2023 · €70k
2018: €-51k
2019: €-29k
2020: €-6k
2021: €23k
2022: €21k
2023: €70k
2018 → 2024
Total assets
€535k▲ 20.6%
2023 · €444k
2018: €356k
2019: €472k
2020: €407k
2021: €425k
2022: €518k
2023: €444k
2018 → 2024
Net result
€-120k
2023 · €49k
2018: €-61k
2019: €22k
2020: €23k
2021: €29k
2022: €-2k
2023: €49k
2018 → 2024
Working capital
€113k▲ 423%
2023 · €22k
2018: €-106k
2019: €-120k
2020: €-110k
2021: €-88k
2022: €-46k
2023: €22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-6k-€23k€21k▼ 7.8%€70k▲ 229%€-50k
Operating result€48k-€63k▲ 31.2%€39k▼ 39.1%€77k▲ 99.7%€-117k
Net result€23k-€29k▲ 28.2%€-2k€49k€-120k
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 turns negative in 2024: a loss of €117k after €77k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €535k
Fixed assets
€75k▲ 11.6%
Current assets
€460k▲ 22.2%
Key figures and ratios
EBITDA
€-111k▼
2023 · €92k
Cash flow
€-114k▼
2023 · €63k
Solvency
-9.4%▼
2023 · 15.8%
Current ratio
1.33▲
2023 · 1.06
Quick ratio
1.33▲
2023 · 1.06
Debt / equity
-11.68▼
2023 · 5.32
ROA
-22.5%▼
2023 · 11.0%
Interest coverage
-32.55▼
2023 · 25.61
Debt
€585k▲
2023 · €373k
Debt ≤ 1 year
€347k▼
2023 · €355k
Debt > 1 year
€238k▲
2023 · €19k
Staff costs
€191k▲
2023 · €190k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€444k€535k▲
Fixed assets21/28€67k€75k▲
Tangible fixed assets22/27€46k€53k▲
Furniture and vehicles24€11k€53k▲
Leasing and similar rights25€35k-
Financial fixed assets28€21k€21k=
Current assets29/58€376k€460k▲
Amounts receivable within one year40/41€316k€367k▲
Trade receivables40€310k€364k▲
Other amounts receivable41€6k€3k▼
Current investments50/53€60k€60k=
Cash at bank and in hand54/58-€20k
Deferred charges and accrued income490/1-€13k
Equity and liabilities
Total equity and liabilities10/49€444k€535k▲
Equity10/15€70k€-50k▼
Contributions10/11€9k€9k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€60k€-61k▼
Amounts payable17/49€373k€585k▲
Amounts payable after more than one year17€19k€238k▲
Financial debts170/4€19k€238k▲
Amounts payable within one year42/48€355k€347k▼
Current portion of amounts payable after more than one year42€39k€12k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€50k€90k▲
Suppliers440/4€50k€90k▲
Advances received on contracts in progress46€96k€96k=
Taxes, remuneration and social security45€165k€145k▼
Taxes450/3€132k€61k▼
Remuneration and social security454/9€33k€84k▲
Other amounts payable47/48€1k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€33k-
Remuneration, social security and pensions62€190k€191k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€6k▼
Other operating charges640/8€7k€5k▼
Non-recurring operating charges66A-€11k
Gross operating margin9900€289k€96k▼
Operating profit (loss)9901€77k€-117k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€74k€-120k▼
Income taxes67/77€25k-
Profit (loss) for the period9904€49k€-120k▼
Profit (loss) for the period to be appropriated9905€49k€-120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€-61k▼
Profit (loss) brought forward from the previous period14P€11k€60k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-120k ▼346%
Net result drops to €-120k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2017
Cannot 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.
Brugsesteenweg 899000 GentGround area
382 m²
Parcel 44816K0847/00H003, Flanders. Linked by address, not a title deed.
1 establishment unit
MEMO-M
since 20172.260.413.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0847/00H003 | Flanders | 382 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteGent2.260.413.665
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2017
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.