ACTIVE

MENA

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Financial year 2025 · closed on 30/06/2025

Net result

116,3 k €

+4.6% YoY

Gross margin

261,6 k €

-0.3% YoY

Equity

1 M €

+12.7% YoY

What does MENA do?

MENA is a Private limited company incorporated in 2012. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Veurne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0501.941.346

Incorporation

12/12/2012

Legal form

Private limited company

Registered office

Ondernemingenstraat 5 box A
8630 Veurne · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68204Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	261,6 k €	-0.3%	262,5 k €	+8.7%	241,4 k €	-1.3%	244,5 k €	+19.3%	204,9 k €	-5.8%	217,4 k €	-8.2%	236,9 k €	+12.5%	210,5 k €	+0.6%	209,3 k €	-3.8%	217,5 k €	-31.6%	318,1 k €
EBITDA	239,6 k €	-0.1%	240 k €	+11.8%	214,6 k €	-5.0%	225,8 k €	+20.1%	188 k €	-10.1%	209,2 k €	+2.0%	205,2 k €	+5.2%	195,1 k €	+0.6%	193,9 k €	-0.5%	194,9 k €	-32.9%	290,4 k €
Operating result	155,9 k €	-0.2%	156,2 k €	+19.4%	130,8 k €	-7.9%	142,1 k €	+43.0%	99,3 k €	-17.6%	120,6 k €	-2.6%	123,9 k €	+8.9%	113,8 k €	-4.1%	118,6 k €	-0.8%	119,5 k €	+399%	-40 k €
Net result	116,3 k €	+4.6%	111,2 k €	+32.0%	84,3 k €	-6.6%	90,2 k €	+60.1%	56,3 k €	-22.6%	72,7 k €	+5.3%	69,1 k €	+7.8%	64,1 k €	-4.1%	66,9 k €	-26.7%	91,2 k €	+200%	-91,6 k €
Balance sheet
Equity	1 M €	+12.7%	919 k €	+13.8%	807,8 k €	+11.6%	723,5 k €	+25.0%	578,8 k €	+10.8%	522,5 k €	+16.2%	449,7 k €	+18.2%	380,6 k €	+20.3%	316,5 k €	+26.8%	249,6 k €	+57.6%	158,4 k €
Total assets	1,8 M €	+3.4%	1,7 M €	+2.9%	1,7 M €	-0.4%	1,7 M €	+0.8%	1,6 M €	-4.9%	1,7 M €	-1.1%	1,7 M €	-2.0%	1,8 M €	-2.6%	1,8 M €	-3.8%	1,9 M €	-3.9%	2 M €
Cash	25,5 k €	-48.3%	49,3 k €	-84.8%	324 k €	+42.9%	226,7 k €	+2363%	9,2 k €	-37.7%	14,8 k €	+5.7%	14 k €	+97.0%	7,1 k €	-2.6%	7,3 k €	+81.5%	4 k €	-30.4%	5,8 k €
Debts	720,2 k €	-7.5%	778,3 k €	-7.6%	842,3 k €	-9.7%	932,8 k €	-9.9%	1 M €	-12.1%	1,2 M €	-8.0%	1,3 M €	-7.5%	1,4 M €	-7.6%	1,5 M €	-8.5%	1,6 M €	-9.3%	1,8 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 8 ended

Active mandates

Cérélia Netherlands Business Unit BV

Director · since 31 juillet 2020

Represented by Lefever Kristof

Active

Ended mandates

Cérélia Netherlands Business Unit BV

Director · since 31 juillet 2020

Represented by Lefever KRISTOF

Ended

Cérélia Netherlands Business Unit B.V.

Director · since 31 juillet 2020

Represented by Kristof Lefever

Ended

HEMAX BE

Director · since 12 décembre 2012 · until 31 juillet 2020 · 0826.443.166

Represented by Kristof Lefever

Ended

HEMAX BE

Manager · since 12 décembre 2012 · 0826.443.166

Represented by Kristof Lefever

Ended

At this address

Other companies at this address

Company	CBE no.
CERELIA BELGIUM● Active	0457.576.318
Groep Cérélia België● Active	1021.545.503
K & K LEFEVER● Liquidation	0462.048.612

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/01/2026	13/01/2025	05/01/2024	31/01/2023	31/01/2022	23/12/2020
General meeting	12/12/2025	13/12/2024	08/12/2023	24/01/2023	29/12/2021	11/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	12/12/2025	08/01/2026	Dutch	PDF
Abridged model	30/06/2024	13/12/2024	13/01/2025	Dutch	PDF
Abridged model	30/06/2023	08/12/2023	05/01/2024	Dutch	PDF
Abridged model	30/06/2022	24/01/2023	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	29/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	11/12/2020	23/12/2020	Dutch	PDF
Abridged model	30/06/2019	13/12/2019	20/12/2019	Dutch	PDF
Abridged model	30/06/2018	14/12/2018	21/12/2018	Dutch	PDF
Abridged model	30/06/2017	08/12/2017	21/12/2017	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/06/2015	11/12/2015	22/12/2015	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	23/12/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 8 ended

Active mandates

Cérélia Netherlands Business Unit BV

Director · since 31 juillet 2020

Represented by Lefever Kristof

Active

Ended mandates

Cérélia Netherlands Business Unit BV

Director · since 31 juillet 2020

Represented by Lefever KRISTOF

Ended

Cérélia Netherlands Business Unit B.V.

Director · since 31 juillet 2020

Represented by Kristof Lefever

Ended

HEMAX BE

Director · since 12 décembre 2012 · until 31 juillet 2020 · 0826.443.166

Represented by Kristof Lefever

Ended

HEMAX BE

Manager · since 12 décembre 2012 · 0826.443.166

Represented by Kristof Lefever

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
Herbenoeming commissaris + volmacht
PDF
Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates09/02/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Other24/12/2012
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025116,3 k €↑
2024
Annual accounts 2024111,2 k €↑
2023
Annual accounts 202384,3 k €↓
2022
Annual accounts 202290,2 k €↑
2020
Annual accounts 202056,3 k €↓
2019
Annual accounts 201972,7 k €↑
2018
Annual accounts 201869,1 k €↑
2017
Annual accounts 201764,1 k €↓
2016
Annual accounts 201666,9 k €↓
2015
Annual accounts 201591,2 k €↑
2014
Annual accounts 2014-91,6 k €
12/12/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MENA

Overview

What does MENA do?

Trend over 11 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline