Mignon Stephan
ActiveSummary
The computed 12-month bankruptcy probability of Mignon Stephan is 1.9% (moderate). The 2025 annual accounts show equity of €31,647 and a net result of €7,743. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 28374 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-4
Solvency47▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.6 in 2024; short-term debt: 74.5% and cash: 28.4% of total assets), and 77.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.2%
Return on assets
5.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
35 d early
2022
3 d early
2021
30 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€31,647▼ 57.2%
2024 · €73,904
Total assets
€142,259▼ 16.3%
2024 · €169,901
Net result
€7,743▼ 50.3%
2024 · €15,569
Working capital
-€1,377
2024 · €44,677
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,171▼ 37.5%-€39,123€47,600€19,261▼ 59.5%€10,576▼ 45.1%
Net result€8,854within the sector's middle half▼ 28.4%-€36,659below the sector's middle half€37,881above the sector's middle half€15,569within the sector's middle half▼ 58.9%€7,743within the sector's middle half▼ 50.3%
Equity€47,659within the sector's middle half▲ 22.8%€11,000below the sector's middle half▼ 76.9%€58,335within the sector's middle half▲ 430%€73,904within the sector's middle half▲ 26.7%€31,647within the sector's middle half▼ 57.2%
Total assets€162,750within the sector's middle half▲ 36.3%€77,775within the sector's middle half▼ 52.2%€222,708within the sector's middle half▲ 186%€169,901within the sector's middle half▼ 23.7%€142,259within the sector's middle half▼ 16.3%
Debt€115,090▲ 42.8%€66,775▼ 42.0%€164,373▲ 146%€95,997▼ 41.6%€110,612▲ 15.2%
Working capital€22,925within the sector's middle half▲ 37.7%-€17below the sector's middle half€23,138within the sector's middle half€44,677within the sector's middle half▲ 93.1%-€1,377below the sector's middle half
Solvency29.3%within the sector's middle half▼ 3.2pp14.1%below the sector's middle half▼ 15.1pp26.2%within the sector's middle half▲ 12.0pp43.5%within the sector's middle half▲ 17.3pp22.2%below the sector's middle half▼ 21.3pp
Current ratio1.22within the sector's middle half▼ 0.051.00below the sector's middle half▼ 0.221.18within the sector's middle half▲ 0.181.60within the sector's middle half▲ 0.420.99below the sector's middle half▼ 0.61
Return on assets (ROA)5.4%within the sector's middle half▼ 4.9pp-47.1%below the sector's middle half▼ 52.6pp17.0%within the sector's middle half▲ 64.1pp9.2%within the sector's middle half▼ 7.8pp5.4%within the sector's middle half▼ 3.7pp
Staff (FTE)1.7▲ 13.3%2▲ 17.6%2=2=2.1▲ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,259
Fixed assets
€37,620 ▼ 26.0%
Current assets
€104,639 ▼ 12.1%
Equity and liabilities €142,259
Equity
€31,647 ▼ 57.2%
Debt
€110,612 ▲ 15.2%
Debt's share of the balance-sheet total rises from 56.5% to 77.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29,933▼
2024 · €41,953
Cash flow
€27,100▼
2024 · €38,261
Quick ratio
0.46▼
2024 · 0.60
Debt to equity
3.50▲
2024 · 1.30
ROE
24.5%▲
2024 · 21.1%
Interest coverage
20.25▲
2024 · 20.12
Debt ≤ 1 year
€106,016▲
2024 · €74,395
Debt > 1 year
€4,596▼
2024 · €21,602
Income taxes
€3,259▼
2024 · €4,039
Staff costs
€61,686▼
2024 · €102,168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €77,774 | €105,104 | €102,168 | €61,686 | ▼ 39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,549 | €21,881 | €20,182 | €22,691 | €19,357 | ▼ 14.7% |
| Other operating charges640/8 | - | €758 | €822 | €1,083 | €671 | ▼ 38.1% |
| Gross operating margin9900 | €106,723 | €61,290 | €173,707 | €145,204 | €92,290 | ▼ 36.4% |
| Operating profit (loss)9901 | €9,171 | -€39,123 | €47,600 | €19,261 | €10,576 | ▼ 45.1% |
| Financial income75/76B | - | €3,129 | €2,565 | €2,432 | €1,904 | ▼ 21.7% |
| Recurring financial income75 | €2,474 | €3,129 | €2,565 | €2,432 | €1,904 | ▼ 21.7% |
| Financial charges65/66B | - | €665 | €2,644 | €2,085 | €1,478 | ▼ 29.1% |
| Recurring financial charges65 | €600 | €665 | €2,644 | €2,085 | €1,478 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €11,045 | -€36,659 | €47,521 | €19,608 | €11,002 | ▼ 43.9% |
| Income taxes67/77 | €2,191 | - | €9,640 | €4,039 | €3,259 | ▼ 19.3% |
| Profit (loss) for the period9904 | €8,854 | -€36,659 | €37,881 | €15,569 | €7,743 | ▼ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €8,854 | -€36,659 | €37,881 | €15,569 | €7,743 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,750 | €77,775 | €222,708 | €169,901 | €142,259 | ▼ 16.3% |
| Fixed assets21/28 | €37,344 | €16,470 | €73,520 | €50,829 | €37,620 | ▼ 26.0% |
| Intangible fixed assets21 | €4,333 | €2,333 | €333 | - | - | - |
| Tangible fixed assets22/27 | €31,711 | €12,837 | €71,887 | €49,529 | €36,320 | ▼ 26.7% |
| Plant, machinery and equipment23 | - | €6,847 | €3,028 | €1,626 | €1,376 | ▼ 15.4% |
| Furniture and vehicles24 | - | €5,990 | €68,859 | €47,903 | €28,227 | ▼ 41.1% |
| Leasing and similar rights25 | - | - | - | - | €6,717 | - |
| Financial fixed assets28 | €1,300 | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Current assets29/58 | €125,406 | €61,305 | €149,188 | €119,072 | €104,639 | ▼ 12.1% |
| Stocks and contracts in progress3 | €5,325 | €5,325 | €100,766 | €74,766 | €55,464 | ▼ 25.8% |
| Stocks30/36 | - | €5,325 | €14,000 | €16,000 | €15,464 | ▼ 3.3% |
| Contracts in progress37 | - | - | €86,766 | €58,766 | €40,000 | ▼ 31.9% |
| Amounts receivable within one year40/41 | €24,568 | €18,614 | €35,682 | €12,065 | €6,922 | ▼ 42.6% |
| Trade receivables40 | - | €5,464 | - | - | - | - |
| Other amounts receivable41 | - | €13,150 | €35,682 | €12,065 | €6,922 | ▼ 42.6% |
| Cash at bank and in hand54/58 | €81,545 | €33,628 | €8,120 | €27,264 | €40,375 | ▲ 48.1% |
| Deferred charges and accrued income490/1 | - | €3,738 | €4,619 | €4,977 | €1,878 | ▼ 62.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,750 | €77,775 | €222,708 | €169,901 | €142,259 | ▼ 16.3% |
| Equity10/15 | €47,659 | €11,000 | €58,335 | €73,904 | €31,647 | ▼ 57.2% |
| Contributions10/11 | €6,200 | €6,200 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €41,459 | €41,459 | €39,785 | €55,354 | €13,097 | ▼ 76.3% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €39,604 | €37,930 | €53,499 | €11,242 | ▼ 79.0% |
| Profit (loss) carried forward14 | €19,223 | -€36,659 | - | - | - | - |
| Amounts payable17/49 | €115,090 | €66,775 | €164,373 | €95,997 | €110,612 | ▲ 15.2% |
| Amounts payable after more than one year17 | €12,609 | €5,452 | €38,323 | €21,602 | €4,596 | ▼ 78.7% |
| Financial debts170/4 | - | €5,452 | €38,323 | €21,602 | €4,596 | ▼ 78.7% |
| Amounts payable within one year42/48 | €102,481 | €61,322 | €126,050 | €74,395 | €106,016 | ▲ 42.5% |
| Current portion of amounts payable after more than one year42 | - | €11,243 | €22,192 | €17,052 | €17,006 | ▼ 0.3% |
| Trade debts44 | €50,126 | €6,957 | €14,169 | €17,047 | €6,936 | ▼ 59.3% |
| Suppliers440/4 | - | €6,957 | €14,169 | €17,047 | €6,936 | ▼ 59.3% |
| Advances received on contracts in progress46 | - | €14,520 | €30,420 | - | - | - |
| Taxes, remuneration and social security45 | - | €8,481 | €16,769 | €18,615 | €7,143 | ▼ 61.6% |
| Taxes450/3 | - | €2,021 | €7,593 | €9,532 | €4,212 | ▼ 55.8% |
| Remuneration and social security454/9 | - | €6,460 | €9,176 | €9,083 | €2,931 | ▼ 67.7% |
| Other amounts payable47/48 | - | €20,121 | €42,500 | €21,681 | €74,932 | ▲ 246% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,854 | -€36,659 | €37,881 | €15,569 | €7,743 | ▼ 50.3% |
| + Depreciation and write-downs630 | €19,549 | €21,881 | €20,182 | €22,691 | €19,357 | ▼ 14.7% |
| Operating cash flow (approximation) | €28,403 | -€14,779 | €58,063 | €38,261 | €27,100 | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | -€1,007 | -€77,232 | €0 | -€6,148 | - |
| Change in cash | - | -€47,916 | -€25,508 | €19,144 | €13,111 | ▼ 31.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €37,881
Net result €37,881 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€36,659
Net result drops to -€36,659, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bever · 1 establishment unit since 2018
Ground area
301 m²
Building footprint
114 m²
Volume, LiDAR
560 m³
Parcel 23009C0173/00Y004, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mignon Stephan
since 20182.282.583.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23009C0173/00Y004 | Flanders | 301 m² | 1 · 114 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 604 EUR awarded · 604 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 180 EUR | 180 EUR |
| 2023 | 1 | 293 EUR | 293 EUR |
| 2022 | 1 | 131 EUR | 131 EUR |
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,371. 3,437 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43410Roofing work
41001General construction of residential buildings
43120Site preparation
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715657288
Also
9925:BE0715657288
Registered
21-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.