MIN
ActiveSummary
The computed 12-month bankruptcy probability of MIN is 3.8% (moderate). The 2024 annual accounts show negative equity (-€16,005) and a net result of €33,481. Equity is shrinking by ~47% per year across the filed fiscal years. Its solvency ranks better than 23% of 18930 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+97
Solvency14▲+14
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.16 in 2023; short-term debt: 110.9% and cash: 15.9% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-10.9%
Return on assets
22.9%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
60 d late
2022
83 d late
2021
59 d late
2020
89 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€16,005▲ 71.3%
2023 · -€55,686
Total assets
€146,312▲ 66.5%
2023 · €87,873
Net result
€33,481
2023 · -€24,615
Working capital
-€102,088▲ 15.2%
2023 · -€120,345
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result€2,803-€13,962-€12,724▲ 8.9%-€24,548▼ 92.9%€34,003
Net result€2,599within the sector's middle half-€14,002below the sector's middle half-€12,765below the sector's middle half▲ 8.8%-€24,615below the sector's middle half▼ 92.8%€33,481above the sector's middle half
Equity-€4,304within the sector's middle half▲ 37.7%-€18,306below the sector's middle half▼ 325%-€31,071below the sector's middle half▼ 69.7%-€55,686below the sector's middle half▼ 79.2%-€16,005below the sector's middle half▲ 71.3%
Total assets€88,077within the sector's middle half▲ 15.8%€64,349within the sector's middle half▼ 26.9%€52,232within the sector's middle half▼ 18.8%€87,873within the sector's middle half▲ 68.2%€146,312within the sector's middle half▲ 66.5%
Debt€92,381▲ 11.4%€82,655▼ 10.5%€83,303▲ 0.8%€143,559▲ 72.3%€162,317▲ 13.1%
Working capital-€60,131▲ 5.9%-€66,194▼ 10.1%-€67,307▼ 1.7%-€120,345▼ 78.8%-€102,088▲ 15.2%
Solvency-4.9%within the sector's middle half▲ 4.2pp-28.4%below the sector's middle half▼ 23.6pp-59.5%below the sector's middle half▼ 31.0pp-63.4%below the sector's middle half▼ 3.9pp-10.9%below the sector's middle half▲ 52.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 returns to profit in 2024: €34,003 after a loss of €24,548 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,312
Fixed assets
€86,083 ▲ 33.1%
Current assets
€60,229 ▲ 159%
Key figures and ratios
EBITDA
€49,778▲
2023 · -€12,279
Cash flow
€49,256▲
2023 · -€12,346
Current ratio
0.37▲
2023 · 0.16
Quick ratio
0.35▲
2023 · 0.14
Debt to equity
-10.14▼
2023 · -2.58
ROA
22.9%▲
2023 · -28.0%
Interest coverage
95.41▲
2023 · -183.27
Debt ≤ 1 year
€162,317▲
2023 · €143,559
Staff costs
€45,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €45,036 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,006 | €11,169 | €11,652 | €12,269 | €15,775 | ▲ 28.6% |
| Other operating charges640/8 | - | €824 | €167 | €1,630 | €593 | ▼ 63.6% |
| Gross operating margin9900 | €13,809 | -€1,969 | -€905 | -€10,649 | €95,407 | ▲ 996% |
| Operating profit (loss)9901 | €2,803 | -€13,962 | -€12,724 | -€24,548 | €34,003 | ▲ 239% |
| Financial income75/76B | - | €4 | - | - | - | - |
| Recurring financial income75 | - | €4 | - | - | - | - |
| Financial charges65/66B | - | €44 | €41 | €67 | €522 | ▲ 679% |
| Recurring financial charges65 | €204 | €44 | €41 | €67 | €522 | ▲ 679% |
| Profit (loss) for the period before taxes9903 | €2,599 | -€14,002 | -€12,765 | -€24,615 | €33,481 | ▲ 236% |
| Profit (loss) for the period9904 | €2,599 | -€14,002 | -€12,765 | -€24,615 | €33,481 | ▲ 236% |
| Profit (loss) for the period to be appropriated9905 | €2,599 | -€14,002 | -€12,765 | -€24,615 | €33,481 | ▲ 236% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,077 | €64,349 | €52,232 | €87,873 | €146,312 | ▲ 66.5% |
| Fixed assets21/28 | €55,827 | €47,888 | €36,236 | €64,659 | €86,083 | ▲ 33.1% |
| Intangible fixed assets21 | €1,545 | €945 | €345 | - | - | - |
| Tangible fixed assets22/27 | €54,282 | €46,943 | €35,891 | €61,959 | €83,383 | ▲ 34.6% |
| Plant, machinery and equipment23 | - | €1,259 | €839 | €16,586 | €12,891 | ▼ 22.3% |
| Furniture and vehicles24 | - | €8,572 | €4,726 | €1,775 | €2,666 | ▲ 50.2% |
| Other tangible fixed assets26 | - | €37,112 | €30,326 | €43,598 | €67,826 | ▲ 55.6% |
| Financial fixed assets28 | - | - | - | €2,700 | €2,700 | = |
| Current assets29/58 | €32,250 | €16,461 | €15,996 | €23,214 | €60,229 | ▲ 159% |
| Stocks and contracts in progress3 | €186 | €186 | €186 | €3,653 | €3,653 | = |
| Stocks30/36 | - | €186 | €186 | €3,653 | €3,653 | = |
| Amounts receivable within one year40/41 | €26,069 | €9,141 | €9,819 | €18,317 | €33,247 | ▲ 81.5% |
| Trade receivables40 | - | €1,497 | €1,497 | €7,229 | €28,546 | ▲ 295% |
| Other amounts receivable41 | - | €7,644 | €8,322 | €11,088 | €4,702 | ▼ 57.6% |
| Cash at bank and in hand54/58 | €4,389 | €7,134 | €5,353 | €1,244 | €23,328 | ▲ 1,775% |
| Deferred charges and accrued income490/1 | - | - | €638 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,077 | €64,349 | €52,232 | €87,873 | €146,312 | ▲ 66.5% |
| Equity10/15 | -€4,304 | -€18,306 | -€31,071 | -€55,686 | -€16,005 | ▲ 71.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Profit (loss) carried forward14 | -€16,704 | -€30,706 | -€43,471 | -€68,086 | -€34,605 | ▲ 49.2% |
| Amounts payable17/49 | €92,381 | €82,655 | €83,303 | €143,559 | €162,317 | ▲ 13.1% |
| Amounts payable within one year42/48 | €92,381 | €82,655 | €83,303 | €143,559 | €162,317 | ▲ 13.1% |
| Trade debts44 | €9,235 | €2,069 | €1,497 | €27,926 | €44,975 | ▲ 61.1% |
| Suppliers440/4 | - | €2,069 | €1,497 | €27,926 | €44,975 | ▲ 61.1% |
| Taxes, remuneration and social security45 | - | - | - | €127 | €6,366 | ▲ 4,913% |
| Taxes450/3 | - | - | - | €127 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €6,366 | - |
| Other amounts payable47/48 | - | €80,586 | €81,806 | €115,506 | €110,976 | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,599 | -€14,002 | -€12,765 | -€24,615 | €33,481 | ▲ 236% |
| + Depreciation and write-downs630 | €11,006 | €11,169 | €11,652 | €12,269 | €15,775 | ▲ 28.6% |
| Operating cash flow (approximation) | €13,605 | -€2,833 | -€1,113 | -€12,346 | €49,256 | ▲ 499% |
| Investment in fixed assets (approximation) | - | -€3,230 | €0 | -€40,692 | -€37,199 | ▲ 8.6% |
| Change in cash | - | €2,745 | -€1,781 | -€4,109 | €22,084 | ▲ 637% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Back to profitnet €33,481
Net result €33,481 after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet -€24,615
Net result drops to -€24,615, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 83 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €2,599
Net result €2,599 after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Charleroi · 2 establishment units since 2019
Ground area
3,764 m²
Building footprint
897 m²
Volume, LiDAR
73,210 m³
2 parcels, Wallonia · tallest building 95.3 m, ±30 floors. Linked by address, not a title deed.
2 establishment units
MIN
since 20192.282.111.476
Min
since 20232.347.939.339
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A1759/00G004 | Wallonia | 3,640 m² | 1 · 834 m² | 95.3 m · 30 fl. |
| 52302A0943/00X000 | Wallonia | 124 m² | 1 · 63 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.347.939.339
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
chamastacos.charleroi@gmail.comCharleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695864142
Also
9925:BE0695864142
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.