ACTIVE

MENARINI BENELUX

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result7,9 M €-0,3 %over 1 year
Revenue78,3 M €+6,2 %over 1 year
Equity33,9 M €-30,7 %over 1 year
Workforce140,1 ETP-0,8 %over 1 year

Identity

Source · BCE/KBO

MENARINI BENELUX is a Public limited company incorporated in 1958. Its registered office is in Machelen (Brab.). It employs on average 140,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.075.481
Incorporation
02/12/1958
Legal form
Public limited company
Registered office
De Kleetlaan 3
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
8 680 000,00 €
Latest accounts
31/12/2025
Average workforce
140,1 ETP
Joint committees (2)
  • 200
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue78,3 M €73,8 M €69 M €69 M €73,2 M €
EBITDA11,2 M €11 M €7,5 M €6,4 M €12,3 M €
Operating result10,2 M €10,1 M €6,6 M €6 M €10,6 M €
Net result7,9 M €8 M €5,1 M €4,2 M €7,7 M €
Balance sheet
Equity33,9 M €49 M €41 M €35,9 M €31,7 M €
Total assets48,6 M €63,6 M €56,1 M €51,4 M €44,4 M €
Cash1,3 M €1,4 M €1 M €699,4 k €1,5 M €
Debts14,3 M €14,6 M €15 M €15,3 M €12,2 M €
Other
Workforce140,1 ETP141,3 ETP142,0 ETP150,9 ETP151,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 55 ended

Active mandates

ALA FAKHFAKH

Chairman of the board of directors · since 27 juin 2025 · until 30 juin 2026

Active
Luca BRUNORI

Director · since 27 juin 2025 · until 30 juin 2026

Active
Luchetti CORRADO

Director · since 27 juin 2025 · until 30 juin 2026

Active

Ended mandates

ALA FAKHFAKH

Chairman of the board of directors · since 28 juin 2024 · until 27 juin 2025

Ended
Luca BRUNORI

Director · since 28 juin 2024 · until 27 juin 2025

Ended
Luchetti CORRADO

Director · since 28 juin 2024 · until 27 juin 2025

Ended
Claudio BERTOLACCINI

Chairman of the board of directors · since 29 juin 2023 · until 30 juin 2024

Ended

Other companies at this address

De Kleetlaan 3 1831 Machelen (Brab.)
CompanyCBE no.
ACCESS SOLUTIONS BELGIUM● Active
1003.863.094
AVNET EUROPE● Active
0464.298.616
Avnet Europe TradeCo● Active
1016.296.714
AVNET HOLDING EUROPE● Active
0826.379.919
element14● Active
0832.946.027
Erste TENVA Property● Active
0789.388.077
EXPERIS BELGIUM● Active
0473.647.436
FARNELL (BELGIUM)● Active
0451.185.503
Manpower (Belgium)● Active
0412.695.309
ManpowerGroup Solutions Belgium● Active
0445.659.966
Manpower Personal Services● Active
0567.942.423
MENARINI STEMLINE BENELUX NV/SA● Active
0797.395.824
RIGHT MANAGEMENT BELGIUM● Active
0454.921.981
TENVA BELGIUM● Active
0414.358.264
TENVA FINANCIAL MANAGEMENT● Active
0475.638.312
TENVA INVESTMENTS● Active
0506.803.521

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202604/07/202502/07/202404/07/202330/06/202201/07/2021
General meeting30/06/202630/06/202528/06/202430/06/202330/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202606/07/2026DutchPDF
Full model31/12/202430/06/202504/07/2025DutchPDF
Full model31/12/202328/06/202402/07/2024DutchPDF
Full model31/12/202230/06/202304/07/2023DutchPDF
Full model31/12/202130/06/202230/06/2022DutchPDF
Full model31/12/202029/06/202101/07/2021DutchPDF
Full model31/12/201929/06/202009/07/2020DutchPDF
Full model31/12/201826/06/201927/06/2019DutchPDF
Full model31/12/201701/06/201826/06/2018DutchPDF
Full model31/12/201612/06/201714/06/2017DutchPDF
Full model31/12/201524/05/201621/06/2016DutchPDF
Full model31/12/201413/05/201528/05/2015DutchPDF
Full model31/12/201314/05/201405/06/2014DutchPDF
Full model31/12/201210/06/201320/06/2013DutchPDF
Full model31/12/201109/05/201223/05/2012DutchPDF
Full model31/12/201009/06/201124/06/2011DutchPDF
Full model31/12/200919/05/201007/06/2010DutchPDF
Full model31/12/200813/05/200909/06/2009DutchPDF
Full model31/12/200714/05/200830/05/2008DutchPDF
Full model31/12/200609/05/200718/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 55 ended

Active mandates

ALA FAKHFAKH

Chairman of the board of directors · since 27 juin 2025 · until 30 juin 2026

Active
Luca BRUNORI

Director · since 27 juin 2025 · until 30 juin 2026

Active
Luchetti CORRADO

Director · since 27 juin 2025 · until 30 juin 2026

Active

Ended mandates

ALA FAKHFAKH

Chairman of the board of directors · since 28 juin 2024 · until 27 juin 2025

Ended
Luca BRUNORI

Director · since 28 juin 2024 · until 27 juin 2025

Ended
Luchetti CORRADO

Director · since 28 juin 2024 · until 27 juin 2025

Ended
Claudio BERTOLACCINI

Chairman of the board of directors · since 29 juin 2023 · until 30 juin 2024

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/12/2024
    DIVERSEN
    PDF
  • Mandates08/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/09/2023
    DIVERSEN
    PDF
  • Mandates20/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20257,9 M €↓
  2. 30/06/2025
    reconductionAla Fakhfakh — bestuurder
  3. 30/06/2025
    reconductionCorrado Luchetti — bestuurder
  4. 30/06/2025
    reconductionLuca Brunori — bestuurder
  5. 30/06/2025
    nominationAmaury Dujardin — commissaris
  6. 2024
    Annual accounts 20248 M €↑
  7. 30/06/2024
    reconductionCorrado Luchetti — bestuurder
  8. 30/06/2024
    reconductionLuca Brunori — bestuurder
  9. 30/06/2024
    nominationAla Fakhfakh — bestuurder
  10. 01/01/2024
    nominationAmaury Dujardin — vertegenwoordiger van de commissaris-revisor
  11. 2023
    Annual accounts 20235,1 M €↑
  12. 30/06/2023
    reconductionClaudio Bertolaccini — bestuurder
  13. 30/06/2023
    reconductionCorrado Luchetti — bestuurder
  14. 30/06/2023
    reconductionLuca Brunori — bestuurder
  15. 30/06/2023
    nominationClaudio Bertolaccini — voorzitter van de Raad van Bestuur en Afgevaardigd Bestuurder
  16. 2022
    Annual accounts 20224,2 M €↓
  17. 30/06/2022
    reconductionClaudio Bertolaccini — bestuurder
  18. 30/06/2022
    reconductionCorrado Luchetti — bestuurder
  19. 30/06/2022
    reconductionLuca Brunori — bestuurder
  20. 30/06/2022
    nominationClaudio Bertolaccini — voorzitter van de Raad van Bestuur en Afgevaardigd Bestuurder
  21. 30/06/2022
    nominationDidier Delanoye — commissaris-revisor (vertegenwoordiger van PriceWaterhouseCoopers)
  22. 2021
    Annual accounts 20217,7 M €↑
  23. 2020
    Annual accounts 20206,9 M €↑
  24. 2019
    Annual accounts 20196 M €↑
  25. 2018
    Annual accounts 20184,7 M €↑
  26. 2017
    Annual accounts 20173,4 M €↓
  27. 2016
    Annual accounts 20164,8 M €↑
  28. 2015
    Annual accounts 20153,4 M €↑
  29. 2014
    Annual accounts 20141,4 M €↑
  30. 2013
    Annual accounts 2013-830,7 k €↑
  31. 2012
    Annual accounts 2012-1,1 M €↑
  32. 2011
    Annual accounts 2011-1,1 M €↓
  33. 2010
    Annual accounts 20103,1 M €↑
  34. 2009
    Annual accounts 20092 M €↑
  35. 2007
    Annual accounts 20071,4 M €
  36. 02/12/1958
    IncorporationPublic limited company