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MEUBELMAKERIJ MINNE

Active
Private limited companyfounded 1982active for 44 yearsSchoolstraat 52, 8870 Izegem, BelgiumKBO/BCE: BE 0422.449.351
Summary

MEUBELMAKERIJ MINNE has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €594,908 and a net result of €93,683. Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 74% of 502 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 08-02-1982 Normal situation
Activity
Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 1 other
Joint committees
124 Construction
126 Furnishing and woodworking · annual accounts 2022
Establishment unit
2.020.137.836 8880 Ledegem, since 01-01-1982
Financial year end
31 December
Peppol
Reachable since 18-11-2024

Board and ownership

Board
  • Minne JoseDirector · since 18-08-2020
  • Minne KarelDirector · since 18-08-2020

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€455,474
▼ 22.4%
Turnover
≈ €910,000
estimated
Profit
€93,683
▼ 18.6%
Equity
€594,908
▲ 6.9%
Total assets
€889,098
▲ 28.9%
Staff
4.5 FTE
▼ 16.7%
Score breakdownraises riskSector: Manufacture of furniture (NACE 31)lowers riskLiquidity: current ratio 2.17, cash €190,961Size: total assets €889,098Founded in 1982Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in furniture (NACE 31)
Financial strength · tick: 2024
Strong
Solvency 92-8
equity 66.9% of total assets
Liquidity 71-25
short-term debt 19.4% · cash 21.5%
Profitability 82-8
return on assets 10.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (830 companies, NACE 31, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.17 (4.26 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 21.5% of total assets. 33.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 74% of them on solvency, 72% on liquidity, 75% on profitability and 56% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Manufacture of furniture (NACE 31)
KBO
lowers risk · Liquidity: current ratio 2.17, cash €190,961
NBB · annual accounts
lowers risk · Size: total assets €889,098
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1982
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
24 days late
2021
22 days late
2020
24 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in furnituresector median €5,130 · 504 companies €93,683 View
  • Positive: 8 profitable years in a rowprofit 2025: €93,683 8 years View

Comparable companies

These companies have the same main activity as MEUBELMAKERIJ MINNE: manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004). They are comparable in size and age: total assets between €874,000 and €1.3m, founded between 1984 and 1992.

CompanyTotal assetsGross margin
MEUBELMAKERIJ MINNE Izegem€0.9m€0.5m
SELECT STYLE Bruges€1.0m€0.4m
NAOS ATELIER Liège€1.0m€0.4m
MEUBELEN DE JAEGER Maldegem€0.9m€0.4m
DECOPA Hasselt€1.2m€0.3m
VEVA COLLECTION Maldegem€1.0m€0.4m
MATHY-BY-BOLS Couvin€1.3m€0.5m
Full comparison

Key facts about MEUBELMAKERIJ MINNE

What is the company number of MEUBELMAKERIJ MINNE?
The company number of MEUBELMAKERIJ MINNE is 0422.449.351. The VAT number is the same number with BE in front: BE 0422.449.351.
Where is MEUBELMAKERIJ MINNE based?
The registered office is at Schoolstraat 52, 8870 Izegem.Company details
What does MEUBELMAKERIJ MINNE do?
According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
What is the legal form of MEUBELMAKERIJ MINNE?
MEUBELMAKERIJ MINNE is a private limited company (BV).
When was MEUBELMAKERIJ MINNE founded?
MEUBELMAKERIJ MINNE was founded on 08-02-1982.
Is MEUBELMAKERIJ MINNE still active?
Yes, MEUBELMAKERIJ MINNE is an active enterprise in the KBO register.
How many employees does MEUBELMAKERIJ MINNE have?
MEUBELMAKERIJ MINNE had an average of 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MEUBELMAKERIJ MINNE fall under?
In its 2022 annual accounts, MEUBELMAKERIJ MINNE states joint committees 124 (Construction) and 126 (Furnishing and woodworking).
What is the turnover of MEUBELMAKERIJ MINNE?
The turnover in financial year 2025 is ≈ €910,000. This figure is estimated from the gross margin of €455,474 and 882 comparable companies of the same size. It probably lies between €640,000 and €1.3m. It is a rough estimate.
Is MEUBELMAKERIJ MINNE profitable?
In financial year 2025, MEUBELMAKERIJ MINNE made a profit of €93,683.
Where can I find the annual accounts of MEUBELMAKERIJ MINNE?
MEUBELMAKERIJ MINNE filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MEUBELMAKERIJ MINNE due?
MEUBELMAKERIJ MINNE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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