Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Menapi Capital Advisory from Maldegem, company number BE0680830825, closed financial year 2025 with a result of € 103,955 after tax. For that financial year Menapi Capital Advisory recorded a gross margin of € 163,886 and equity of € 604,705. Compared with financial year 2024, the result moved from € 340,416 to € 103,955. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 604,705
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,955
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 281,424
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 586,105.
People and assets in 2025
€ 35,069
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,972
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,960
▲ 68% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 136,514 | € 153,084 | € 161,597 | € 163,886 | ▲ 1% |
| Profit after taxes | € 97,531 | € 133,883 | € 340,416 | € 103,955 | ▼ 69% |
| Equity | € 376,450 | € 410,333 | € 500,750 | € 604,705 | ▲ 21% |
| Total debts | € 162,187 | € 220,741 | € 310,640 | € 46,723 | ▼ 85% |
| Cash | € 131,083 | € 184,160 | € 247,755 | € 281,424 | ▲ 14% |
| Land & buildings | € 97,044 | € 90,574 | € 105,416 | € 97,348 | ▼ 8% |
| Retained profit | € 357,850 | € 391,733 | € 482,150 | € 586,105 | ▲ 22% |
| Dividend | € 50,000 | € 100,000 | € 250,000 | € 0 | ▼ 100% |
| Bank debt | € 9,338 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 538,637 | € 631,074 | € 811,390 | € 651,428 | ▼ 20% |
Key figures of Menapi Capital Advisory, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Menapi Capital Advisory?
What happened at Menapi Capital Advisory in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 103,955 (▼ 69% vs 2024). Source: NBB ↗
- New establishment in Maldegem. KBO
- Kurt Huyghe became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 97,531 profit in 2022 to € 103,955 profit in 2025.
Paid € 112,732 in corporate taxes since 2022.
Best year ever: 2024, with € 340,416 profit.
Paid out € 400,000 in dividends to the owners in total.
A new publication or filing at Menapi Capital Advisory? 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
Behind Menapi Capital Advisory is Kurt Huyghe. It owns 22% of C-Kiles and 15% of Akiles Management itself.
Directors
According to the 2025 annual accounts
Kurt Huyghe
Director
Also active at: EMMERS RUITERSPORT, Eurides, DE BERGHEI, AKILES MANAGEMENT, MOONBIRD, MCG, MOVEWISE CAPITAL
since 2017
Establishments
Establishment units
Physical locations of this company
Schorreweg 10
9992 Maldegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.830.825
- VAT number
- BE 0680.830.825
- Registered office
- Schorreweg 10, 9992 Maldegem
- Names & denominations
- Menapi Capital Advisory · MCA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 2017
- Peppol
- Active · Active since 11 Jun 2025
- Activities · NACE
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