MEND
ActiveMEND has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €-2k. Equity is shrinking by ~14.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▲+8
Solvency43▼-17
Growth32▼-3
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.26 against 1.37 in 2023; short-term debt: 79.5% and cash: 12.1% of total assets), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
17.7%
Return on assets
-11.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-2k
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 31-12-2025, 153 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
517 d late
2022
127 d late
2021
106 d late
2020
148 d late
2019
136 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€24k▲ 156%
2023 · €9k
2018: €24k
2019: €39k
2020: €57k
2021: €21k
2022: €27k
2023: €9k
2018 → 2024
EBIT margin
-8.5%▲ 51.5pp
2023 · -60.0%
2018: -5.1%
2019: 27.1%
2020: 41.9%
2021: -71.6%
2022: 2.2%
2023: -60.0%
2018 → 2024
Net result
€-2k▲ 62.2%
2023 · €-6k
2018: €-1k
2019: €10k
2020: €22k
2021: €-15k
2022: €512
2023: €-6k
2018 → 2024
Working capital
€4k▲ 123%
2023 · €2k
2018: €4k
2019: €7k
2020: €17k
2021: €1k
2022: €8k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€57k-€21k▼ 63.5%€27k▲ 30.0%€9k▼ 65.8%€24k▲ 156%
Equity€25k-€10k▼ 59.1%€11k▲ 4.9%€5k▼ 51.4%€3k▼ 40.1%
Operating result€24k-€-15k€604€-6k€-2k▲ 63.9%
Net result€22k-€-15k€512€-6k€-2k▲ 62.2%
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 stays negative: a loss of €2k in 2024 against €6k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €18k
Equity
€3k▼ 40.1%
Debt
€15k▲ 49.8%
The debt ratio rises from 65.1% to 82.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
17.7%▼
2023 · 34.9%
Current ratio
1.26▼
2023 · 1.37
Quick ratio
1.12▲
2023 · 0.99
Debt / equity
4.65▲
2023 · 1.86
ROE
-66.8%▲
2023 · -105.9%
ROA
-11.8%▲
2023 · -37.0%
Debt
€15k▲
2023 · €10k
Debt ≤ 1 year
€14k▲
2023 · €4k
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€15k€18k▲
Fixed assets21/28€9k-
Tangible fixed assets22/27€9k-
Plant, machinery and equipment23€9k-
Furniture and vehicles24€538-
Current assets29/58€6k€18k▲
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€2k€13k▲
Trade receivables40€2k€13k▲
Other amounts receivable41€262-
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€413€1k▲
Equity and liabilities
Total equity and liabilities10/49€15k€18k▲
Equity10/15€5k€3k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-2k€-5k▼
Amounts payable17/49€10k€15k▲
Amounts payable within one year42/48€4k€14k▲
Trade debts44€163€3k▲
Suppliers440/4€163€3k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€4k€9k▲
Accrued charges and deferred income492/3€5k€498▼
Income statement
Code20232024
Turnover70€9k€24k▲
Goods, raw materials, services and sundry goods60/61€15k€26k▲
Other operating charges640/8€307€95▼
Non-recurring operating charges66A-€58
Gross operating margin9900€-5k€-2k▲
Operating profit (loss)9901€-6k€-2k▲
Financial charges65/66B€62€116▲
Recurring financial charges65€62€116▲
Profit (loss) for the period before taxes9903€-6k€-2k▲
Profit (loss) for the period9904€-6k€-2k▲
Profit (loss) for the period to be appropriated9905€-6k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-5k▼
Profit (loss) brought forward from the previous period14P€3k€-2k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 153 days late
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 517 days late
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 127 days late
2022
31-12
Financial
Back to profitnet €512
Net result €512 after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 106 days late
2021
31-12
Financial
Weakest financial yearnet €-15k ▼168%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
26-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 148 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲112%
Operating result €24k, net result €22k, both a record.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 136 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 151 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 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, Tienen · 1 establishment unit since 2013
Ground area
828 m²
Building footprint
697 m²
Volume, LiDAR
7,585 m³
Parcel 24592F0100/00R011, Flanders · tallest building 20.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEND
since 20132.219.021.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592F0100/00R011 | Flanders | 828 m² | 1 · 697 m² | 20.6 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 910 companies in sector 47793 we hold annual accounts for 161. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2013
Fiscal year end31-12
Activities, NACEBEL
47793Retail sale of other second-hand goods, excluding clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Info@mendservices.be
Phone:0476289216