Equity
€27,678 from €74,596 in 2021
Equity fell by 63% in 4 years.
MINA
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1996peak €85,441 (2017)
€15,765▼ 52.8%
lowest -€44,337 (2022)
-€7,953▲ €910
peak €74,596 (2021)
€27,678▼ 22.3%
€8,005▲ 5.1%
peak 3.7 FTE (2015)
-not published
Board1 name since 2021
1 directorNAPODANO Vincent
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €33,410 to €15,765Loss of €7,953Equity from €35,631 to €27,678
Key points
from the 2025 annual accountsChecked score
83
Excellent
Financially stronger than 53% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Loss of €7,953, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 1.99, cash €12,139
Founded in 1996
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 56, micro). It does better than 94% of them on solvency, 87% on liquidity, 8% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as MINA has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MINA itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for MINA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.99 (2.44 in 2024), above the usual 1.5. Short-term debt is 22.2% and cash 34% of total assets. 22.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,953
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
42 days early
2023
42 days early
2022
39 days early
2021
41 days early
2020
58 days early
2019
51 days early
← 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 44 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
First establishment
DE ITALIAANSE SMULPAAP, Antwerpsesteenweg 10, Willebroek
Incorporation
published on 16-05-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MINA Willebroek | €35,683 | €15,765 | 77.6% | - |
| RESTAURATION L.B. Woluwe-Saint-Pierre | €41,501 | €17,363 | -50.5% | - |
| MELROSE Sint-Pieters-Leeuw | €41,271 | €16,217 | 75.5% | - |
| DE WILG Boortmeerbeek | €32,080 | €13,276 | -727.7% | - |
| Ambrosius Projects Bruges | €32,729 | €18,062 | -30.8% | - |
| PUSZTA Antwerp | €28,502 | €14,442 | -123.8% | - |
| GEBROEDERS MAN EN CO Antwerp | €31,556 | €10,249 | 97.7% | - |
These companies have the same main activity as MINA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €28,500 and €41,500, founded between 1993 and 2001.
Official details
Source: KBO- Status
- Active since 23-03-1996Normal situation
- Activity
- Full-service restaurantsNACE 56111and 3 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.076.648.4522830 Willebroek, since 23-05-1996
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €170,000estimated
- €35,683▼ 17.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on MINA
MINA files the micro format. That format states no turnover. The gross margin fell from €20,186 in 2008 to €15,765 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MINA
- What is the company number of MINA?
- The company number of MINA is 0457.853.064. The VAT number is the same number with BE in front: BE 0457.853.064.
- Where is MINA based?
- The registered office is at Antwerpsesteenweg 10, 2830 Willebroek.Company details
- What does MINA do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of MINA?
- MINA is a private limited company (pre-2019) (BVBA).
- When was MINA founded?
- MINA was founded on 23-03-1996.
- Is MINA still active?
- Yes, MINA is an active enterprise in the KBO register.
- How many employees does MINA have?
- MINA had an average of 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MINA fall under?
- In its 2025 annual accounts, MINA states joint committee 302 (Hotels and catering).
- What is the turnover of MINA?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €15,765 and 89 comparable companies (NACE 56111). It probably lies between €82,000 and €340,000. It is a rough estimate.
- Is MINA profitable?
- In financial year 2025, MINA made a loss of €7,953.
- Where can I find the annual accounts of MINA?
- MINA filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MINA due?
- MINA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.