MIN Services
ActiveSummary
The computed 12-month bankruptcy probability of MIN Services is 1.7% (moderate). The 2025 annual accounts show equity of €28,376 and a net result of €4,372. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 11502 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+9
Solvency57▲+7
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 0.71 in 2024; short-term debt: 27% and cash: 16.8% of total assets), and 67.8% 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
32.2%
Return on assets
5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
3 d late
2024
4 d early
2023
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€28,376▲ 18.2%
2024 · €24,004
Total assets
€88,107▼ 8.6%
2024 · €96,424
Net result
€4,372
2024 · -€1,894
Working capital
€10,686
2024 · -€10,668
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line202320242025
Operating result€14,467--€150€7,736
Net result€12,501within the sector's middle half--€1,894within the sector's middle half€4,372within the sector's middle half
Equity€25,898within the sector's middle half-€24,004within the sector's middle half▼ 7.3%€28,376within the sector's middle half▲ 18.2%
Total assets€61,678below the sector's middle half-€96,424within the sector's middle half▲ 56.3%€88,107within the sector's middle half▼ 8.6%
Debt€35,780-€72,420▲ 102%€59,731▼ 17.5%
Working capital€11,922within the sector's middle half--€10,668below the sector's middle half€10,686within the sector's middle half
Solvency42.0%within the sector's middle half-24.9%within the sector's middle half▼ 17.1pp32.2%within the sector's middle half▲ 7.3pp
Current ratio1.37within the sector's middle half-0.71below the sector's middle half▼ 0.661.45within the sector's middle half▲ 0.74
Return on assets (ROA)20.3%above the sector's middle half--2.0%within the sector's middle half▼ 22.2pp5.0%within the sector's middle half▲ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 2025: €7,736 after a loss of €150 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,730
Fixed assets
€53,224 ▼ 23.9%
Current assets
€34,506 ▲ 33.5%
Equity and liabilities €88,107
Equity
€28,376 ▲ 18.2%
Debt
€59,731 ▼ 17.5%
Debt's share of the balance-sheet total falls from 75.1% to 67.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,421▲
2024 · €14,090
Cash flow
€22,057▲
2024 · €12,346
Quick ratio
1.08▲
2024 · 0.40
Debt to equity
2.10▼
2024 · 3.02
ROE
15.4%▲
2024 · -7.9%
Interest coverage
18.68▲
2024 · 7.53
Debt ≤ 1 year
€23,820▼
2024 · €36,509
Debt > 1 year
€35,911=
2024 · €35,911
Income taxes
€2,107▲
2024 · €209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,549 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
1.8%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 2,549 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,810 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,313 | €14,240 | €17,685 | ▲ 24.2% |
| Other operating charges640/8 | €658 | €3,088 | €942 | ▼ 69.5% |
| Non-recurring operating charges66A | - | - | €25 | - |
| Gross operating margin9900 | €22,438 | €17,179 | €26,388 | ▲ 53.6% |
| Operating profit (loss)9901 | €14,467 | -€150 | €7,736 | ▲ 5,262% |
| Financial income75/76B | €3,725 | €337 | €104 | ▼ 69.2% |
| Recurring financial income75 | €3,725 | €337 | €104 | ▼ 69.2% |
| Financial charges65/66B | €700 | €1,872 | €1,361 | ▼ 27.3% |
| Recurring financial charges65 | €700 | €1,872 | €1,361 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €17,493 | -€1,685 | €6,479 | ▲ 485% |
| Income taxes67/77 | €4,992 | €209 | €2,107 | ▲ 907% |
| Profit (loss) for the period9904 | €12,501 | -€1,894 | €4,372 | ▲ 331% |
| Profit (loss) for the period to be appropriated9905 | €12,501 | -€1,894 | €4,372 | ▲ 331% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,678 | €96,424 | €88,107 | ▼ 8.6% |
| Formation expenses20 | €982 | €679 | €377 | ▼ 44.6% |
| Fixed assets21/28 | €16,166 | €69,904 | €53,224 | ▼ 23.9% |
| Tangible fixed assets22/27 | €16,166 | €69,904 | €53,224 | ▼ 23.9% |
| Plant, machinery and equipment23 | €2,907 | €4,876 | €3,635 | ▼ 25.4% |
| Furniture and vehicles24 | €13,259 | €65,027 | €49,589 | ▼ 23.7% |
| Current assets29/58 | €44,530 | €25,841 | €34,506 | ▲ 33.5% |
| Stocks and contracts in progress3 | €5,415 | €11,315 | €8,669 | ▼ 23.4% |
| Stocks30/36 | €5,415 | €11,315 | €8,669 | ▼ 23.4% |
| Amounts receivable within one year40/41 | €10,768 | €11,080 | €11,061 | ▼ 0.2% |
| Trade receivables40 | €5,992 | €7,883 | €8,720 | ▲ 10.6% |
| Other amounts receivable41 | €4,776 | €3,197 | €2,341 | ▼ 26.8% |
| Cash at bank and in hand54/58 | €27,167 | €3,384 | €14,776 | ▲ 337% |
| Deferred charges and accrued income490/1 | €1,179 | €62 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,678 | €96,424 | €88,107 | ▼ 8.6% |
| Equity10/15 | €25,898 | €24,004 | €28,376 | ▲ 18.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €20,898 | €19,004 | €23,376 | ▲ 23.0% |
| Amounts payable17/49 | €35,780 | €72,420 | €59,731 | ▼ 17.5% |
| Amounts payable after more than one year17 | €3,172 | €35,911 | €35,911 | = |
| Financial debts170/4 | €3,172 | €35,911 | €35,911 | = |
| Amounts payable within one year42/48 | €32,608 | €36,509 | €23,820 | ▼ 34.8% |
| Current portion of amounts payable after more than one year42 | €5,300 | €11,424 | €667 | ▼ 94.2% |
| Trade debts44 | €708 | €2,543 | €797 | ▼ 68.7% |
| Suppliers440/4 | €708 | €2,543 | €797 | ▼ 68.7% |
| Taxes, remuneration and social security45 | €11,232 | €3,009 | €2,107 | ▼ 30.0% |
| Taxes450/3 | €11,232 | €3,009 | €2,107 | ▼ 30.0% |
| Other amounts payable47/48 | €15,368 | €19,533 | €20,249 | ▲ 3.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,501 | -€1,894 | €4,372 | ▲ 331% |
| + Depreciation and write-downs630 | €7,313 | €14,240 | €17,685 | ▲ 24.2% |
| Operating cash flow (approximation) | €19,813 | €12,346 | €22,057 | ▲ 78.7% |
| Investment in fixed assets (approximation) | - | -€67,978 | -€1,006 | ▲ 98.5% |
| Change in cash | - | -€23,784 | €11,392 | ▲ 148% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €4,372
Net result €4,372 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.71 to 1.45; short-term debt falls from €36,509 to €23,820.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,894
Net result drops to -€1,894, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wellin · 1 establishment unit since 2022
Ground area
1,500 m²
Parcel 84075B0555/00R000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MIN Services
since 20222.329.886.847
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84075B0555/00R000 | Wallonia | 1,500 m² | - | - |
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.
Similar companies · same sector, comparable size
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STONE EXCLUSIVE PRODUCTION & SELECTION
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Of 1,136 companies in sector 46130 we hold annual accounts for 647. 428 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
Founded04-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
33140Repair and maintenance of electrical equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
46140Agents in the wholesale of industrial machinery, ships and aircraft
46839Wholesale trade
Contact
Website
www.min-services.be
E-mail
info@min-services.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784412472
Also
9925:BE0784412472
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.