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 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MEMNON ARCHIVING SERVICES from Evere, company number BE0438551252, closed financial year 2023 with a result of € -2.3 million after tax. For that financial year MEMNON ARCHIVING SERVICES recorded revenue of € 4.4 million and equity of € -758,330. Compared with financial year 2022, the result moved from € -2.7 million to € -2.3 million. 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 June 8, 2024.
€ -758,330
▼ € 2.3 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▲ 15 % less loss than in 2022
Profit after tax over the fiscal year.
€ 281,697
▲ 65% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12.7 million.
People and assets in 2023
13.6
▲ 2.9 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 6% vs 2022
€ 89,200 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.
€ 26,012
▼ 18% vs 2022
Of which on lease € 14,629.
Debts at end 2023
€ 121,122
▼ 72% vs 2022
€ 119,886 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 2.7 million
▲ 274% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 528,845
▲ 198% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 2,330,967 | € 4,421,257 | ▲ 90% |
| Gross margin | € -718,657 | € -325,674 | ▲ € 392,983 |
| Profit after taxes | € -2,697,690 | € -2,279,640 | ▲ € 418,050 |
| Equity | € 1,521,310 | € -758,330 | ▼ € 2.3 million |
| Total debts | € 5,501,529 | € 8,515,712 | ▲ 55% |
| Cash | € 170,254 | € 281,697 | ▲ 65% |
| Land & buildings | € 3,322 | € 389 | ▼ 88% |
| Retained profit | € -10,430,382 | € -12,710,022 | ▼ € 2.3 million |
| Bank debt | € 432,687 | € 121,122 | ▼ 72% |
| Balance sheet total | € 7,022,839 | € 7,757,381 | ▲ 10% |
| Employees (FTE) | 10.7 | 13.6 | ▲ 2.9 |
Key figures of MEMNON ARCHIVING SERVICES, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 January 2025.
What happened to MEMNON ARCHIVING SERVICES?
What happened at MEMNON ARCHIVING SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MEMNON ARCHIVING SERVICES is active according to the CBE. Legal situation: Opening faillissement.
- S Edward SAUNDERS stepped down as director. NBB
- Murphy BENJAMIN stepped down as director. NBB
- Snehal SAVJANI stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 2.3 million. filed late Source: NBB ↗
- S Edward SAUNDERS became a director. NBB
- Murphy BENJAMIN became a director. NBB
- Snehal SAVJANI became a director. NBB
- New establishment in Evere. KBO
In short
From € 2.7 million loss in 2022 to € 2.3 million loss in 2023.
Paid € 600 in corporate taxes since 2022.
Management
It owns 100% of MEMNON ARCHIVING SERVICES INC. and 99% of MAMNON RESEARCH & DEVELOPMENT itself.
Directors
According to the 2023 annual accounts
S Edward SAUNDERS
Director
since 2021 · until 2027
Murphy BENJAMIN
Director
since 2021 · until 2027
Snehal SAVJANI
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Kareelovenlaan 3B
1140 Evere
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0438.551.252
- VAT number
- BE 0438.551.252
- Registered office
- Kareelovenlaan 3B, 1140 Evere
- Names & denominations
- MEMNON ARCHIVING SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 13 October 1989
- Peppol
- Active · Active since 8 Sept 2025
- Contact
- memnon.com
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