Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 350 days after the legal deadline.
Financials
Financial year 2024
MENAMANI INVESTMENT CORPORATION from Antwerpen, company number BE0429761171, closed financial year 2024 with a result of € -809,807 after tax. For that financial year MENAMANI INVESTMENT CORPORATION recorded a gross margin of € -23,221 and equity of € -4.5 million. Compared with financial year 2023, the result moved from € -698,370 to € -809,807. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ -4.5 million
▼ € 809,807 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -809,807
▼ 16 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,482
▼ 8% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.6 million.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 18,126
▼ 2% vs 2023
€ 18,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 1 million
Loans from banks and other lenders, long and short.
€ 2.3 million
▲ 29% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 8,983
▼ 10% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -37,488 | € -95,382 | € 15,033 | € -23,221 | ▼ € 38,253 |
| Profit after taxes | € -740,404 | € -769,686 | € -698,370 | € -809,807 | ▼ € 111,437 |
| Equity | € -2,246,035 | € -3,015,720 | € -3,714,091 | € -4,523,898 | ▼ € 809,807 |
| Total debts | € 3,022,097 | € 3,820,046 | € 4,575,260 | € 5,315,795 | ▲ 16% |
| Cash | € 249 | € 2,053 | € 1,618 | € 1,482 | ▼ 8% |
| Land & buildings | € 683,012 | € 672,871 | € 662,730 | € 652,589 | ▼ 2% |
| Retained profit | € -6,348,917 | € -7,118,602 | € -7,816,973 | € -8,626,780 | ▼ € 809,807 |
| Bank debt | € 1,041,370 | € 1,041,000 | € 1,041,000 | € 1,041,000 | |
| Balance sheet total | € 776,062 | € 804,325 | € 861,169 | € 791,897 | ▼ 8% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of MENAMANI INVESTMENT CORPORATION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MENAMANI INVESTMENT CORPORATION?
What happened at MENAMANI INVESTMENT CORPORATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chetan MEHTA stepped down as director. NBB
- Rashmi MEHTA stepped down as director. NBB
- Simran LAKHWINDER SINGH stepped down as director. NBB
- Ayushman MEHTA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 809,807. filed late Source: NBB ↗
- Chetan MEHTA became a director. NBB
- Rashmi MEHTA became a director. NBB
- Simran LAKHWINDER SINGH became a director. NBB
In short
From € 740,404 loss in 2021 to € 809,807 loss in 2024.
On average € 15,000 of value added per employee in 2023.
A new publication or filing at MENAMANI INVESTMENT CORPORATION? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of KAY DIAMONDS, Gembel European Sales comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MENAMANI INVESTMENT CORPORATIONThe shares are held by KAY DIAMONDS (51.4%) and Gembel European Sales (20.1%).
Directors
According to the 2024 annual accounts
Chetan MEHTA
Managing director
since 2023 · until 2028
since 2023 · until 2028
Simran LAKHWINDER SINGH
Director
since 2023 · until 2028
since 2023 · until 2028
Shareholders
51.4%
20.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vestingstraat 74
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Gembel same network
€ -855 gross margin · 2024
Hakker Company Antwerp
MILLENIUMDIMON
€ -363,258 gross margin · 2025
Kay Jewels
€ -3,390 gross margin · 2022
Gembel European Sales same network
€ 158,079 gross margin · 2024
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.761.171
- VAT number
- BE 0429.761.171
- Registered office
- Vestingstraat 74, 2018 Antwerpen
- Names & denominations
- MENAMANI INVESTMENT CORPORATION · M.I.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1986
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen