MINA
ActiveSummary
The computed 12-month bankruptcy probability of MINA is 1.6% (moderate). The 2024 annual accounts show equity of €36k and a net result of €-9k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 18936 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability21▼-52
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.65 in 2023; short-term debt: 17.5% and cash: 37.2% of total assets), and 17.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
82.4%
Return on assets
-20.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d early
2022
39 d early
2021
41 d early
2020
58 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 19.9%
2023 · €44k
2018: €25k
2019: €24k▼ -0.2% vs 2018lowest in 7 years
2020: €55k▲ +126% vs 2019
2021: €75k▲ +34.7% vs 2020highest in 7 years
2022: €30k▼ -59.4% vs 2021
2023: €44k▲ +47.0% vs 2022
2024: €36k▼ -19.9% vs 2023
2018 → 2024
Total assets
€43k▼ 26.8%
2023 · €59k
2018: €90k
2019: €65k▼ -27.4% vs 2018
2020: €86k▲ +31.6% vs 2019
2021: €118k▲ +37.3% vs 2020highest in 7 years
2022: €54k▼ -53.8% vs 2021
2023: €59k▲ +8.5% vs 2022
2024: €43k▼ -26.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€-9k
2023 · €2k
2018: €-15k
2019: €-53▲ +99.6% vs 2018
2020: €36k▲ +68282% vs 2019highest in 7 years
2021: €19k▼ -46.5% vs 2020
2022: €-44k▼ -331% vs 2021lowest in 7 years
2023: €2k▲ +104% vs 2022
2024: €-9k▼ -582% vs 2023
2018 → 2024
Working capital
€11k▲ 14.6%
2023 · €9k
2018: €-27klowest in 7 years
2019: €-26k▲ +5.1% vs 2018
2020: €16k▲ +162% vs 2019
2021: €19k▲ +15.8% vs 2020highest in 7 years
2022: €-13k▼ -171% vs 2021
2023: €9k▲ +172% vs 2022
2024: €11k▲ +14.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€75k▲ 34.7%€30k▼ 59.4%€44k▲ 47.0%€36k▼ 19.9%
2020: €55k
2021: €75k▲ +34.7% vs 2020highest in 5 years
2022: €30k▼ -59.4% vs 2021lowest in 5 years
2023: €44k▲ +47.0% vs 2022
2024: €36k▼ -19.9% vs 2023
Operating result€39k-€28k▼ 26.9%€-43k€4k€-8k
2020: €39khighest in 5 years
2021: €28k▼ -26.9% vs 2020
2022: €-43k▼ -252% vs 2021lowest in 5 years
2023: €4k▲ +108% vs 2022
2024: €-8k▼ -312% vs 2023
Net result€36k-€19k▼ 46.5%€-44k€2k€-9k
2020: €36khighest in 5 years
2021: €19k▼ -46.5% vs 2020
2022: €-44k▼ -331% vs 2021lowest in 5 years
2023: €2k▲ +104% vs 2022
2024: €-9k▼ -582% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€25k ▼ 29.1%
Current assets
€18k ▼ 23.3%
Equity and liabilities €43k
Equity
€36k ▼ 19.9%
Debt
€8k ▼ 47.7%
Debt's share of the balance-sheet total falls from 24.6% to 17.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €14k
Cash flow
€1k▼
2023 · €12k
Current ratio
2.44▲
2023 · 1.65
Quick ratio
2.32▲
2023 · 1.59
Debt to equity
0.21▼
2023 · 0.33
ROE
-24.9%▼
2023 · 4.1%
ROA
-20.5%▼
2023 · 3.1%
Interest coverage
2.56▼
2023 · 8.49
Debt ≤ 1 year
€8k▼
2023 · €15k
Income taxes
€193▲
2023 · €185
Staff costs
€27k▼
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€59k€43k▼
Fixed assets21/28€35k€25k▼
Tangible fixed assets22/27€35k€25k▼
Land and buildings22€23k€17k▼
Furniture and vehicles24€12k€7k▼
Current assets29/58€24k€18k▼
Stocks and contracts in progress3€947€848▼
Stocks30/36€947€848▼
Amounts receivable within one year40/41€8k€872▼
Trade receivables40€2k-
Other amounts receivable41€6k€872▼
Cash at bank and in hand54/58€13k€16k▲
Deferred charges and accrued income490/1€2k€572▼
Equity and liabilities
Total equity and liabilities10/49€59k€43k▼
Equity10/15€44k€36k▼
Contributions10/11€20k€20k=
Reserves13€44k€44k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-19k€-28k▼
Amounts payable17/49€15k€8k▼
Amounts payable within one year42/48€15k€8k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€4k€238▼
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48-€430
Accrued charges and deferred income492/3€29€66▲
Income statement
Code20232024
Remuneration, social security and pensions62€43k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€60k€33k▼
Operating profit (loss)9901€4k€-8k▼
Financial income75/76B€2€32▲
Recurring financial income75€2€32▲
Financial charges65/66B€2k€967▼
Recurring financial charges65€2k€967▼
Profit (loss) for the period before taxes9903€2k€-9k▼
Income taxes67/77€185€193▲
Profit (loss) for the period9904€2k€-9k▼
Profit (loss) for the period to be appropriated9905€2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-28k▼
Profit (loss) brought forward from the previous period14P€-21k€-19k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19k | €43k | €43k | €27k | ▼ 37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €8k | €11k | €10k | €10k | = |
| Other operating charges640/8 | - | €4k | €4k | €4k | €4k | ▲ 14.7% |
| Gross operating margin9900 | €76k | €60k | €15k | €60k | €33k | ▼ 44.6% |
| Operating profit (loss)9901 | €39k | €28k | €-43k | €4k | €-8k | ▼ 312% |
| Financial income75/76B | - | €229 | €46 | €2 | €32 | ▲ 1,412% |
| Recurring financial income75 | €48 | €229 | €46 | €2 | €32 | ▲ 1,412% |
| Financial charges65/66B | - | €2k | €1k | €2k | €967 | ▼ 40.8% |
| Recurring financial charges65 | €969 | €2k | €1k | €2k | €967 | ▼ 40.8% |
| Profit (loss) for the period before taxes9903 | €38k | €27k | €-44k | €2k | €-9k | ▼ 528% |
| Income taxes67/77 | €2k | €8k | €173 | €185 | €193 | ▲ 4.1% |
| Profit (loss) for the period9904 | €36k | €19k | €-44k | €2k | €-9k | ▼ 582% |
| Transfer from tax-exempt reserves789 | - | €19k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €36k | €38k | €-44k | €2k | €-9k | ▼ 582% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €118k | €54k | €59k | €43k | ▼ 26.8% |
| Fixed assets21/28 | €39k | €56k | €45k | €35k | €25k | ▼ 29.1% |
| Tangible fixed assets22/27 | €39k | €56k | €45k | €35k | €25k | ▼ 29.1% |
| Land and buildings22 | - | €33k | €28k | €23k | €17k | ▼ 23.1% |
| Plant, machinery and equipment23 | - | €405 | - | - | - | - |
| Furniture and vehicles24 | - | €22k | €17k | €12k | €7k | ▼ 40.0% |
| Current assets29/58 | €46k | €62k | €9k | €24k | €18k | ▼ 23.3% |
| Stocks and contracts in progress3 | €1k | €1k | €584 | €947 | €848 | ▼ 10.4% |
| Stocks30/36 | - | €1k | €584 | €947 | €848 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €6k | €797 | €567 | €8k | €872 | ▼ 89.2% |
| Trade receivables40 | - | €692 | €535 | €2k | - | - |
| Other amounts receivable41 | - | €105 | €32 | €6k | €872 | ▼ 85.5% |
| Cash at bank and in hand54/58 | €36k | €56k | €7k | €13k | €16k | ▲ 27.9% |
| Deferred charges and accrued income490/1 | - | €3k | €715 | €2k | €572 | ▼ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €118k | €54k | €59k | €43k | ▼ 26.8% |
| Equity10/15 | €55k | €75k | €30k | €44k | €36k | ▼ 19.9% |
| Contributions10/11 | - | €8k | €8k | €20k | €20k | = |
| Reserves13 | €27k | €44k | €44k | €44k | €44k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €42k | €42k | €42k | €42k | = |
| Profit (loss) carried forward14 | €21k | €23k | €-21k | €-19k | €-28k | ▼ 45.7% |
| Amounts payable17/49 | €30k | €43k | €24k | €15k | €8k | ▼ 47.7% |
| Amounts payable within one year42/48 | €30k | €43k | €22k | €15k | €8k | ▼ 48.0% |
| Trade debts44 | - | €7k | €10k | €4k | €3k | ▼ 18.0% |
| Suppliers440/4 | - | €7k | €10k | €4k | €3k | ▼ 18.0% |
| Taxes, remuneration and social security45 | - | €12k | €9k | €10k | €4k | ▼ 64.1% |
| Taxes450/3 | - | €5k | €5k | €4k | €238 | ▼ 94.3% |
| Remuneration and social security454/9 | - | €6k | €5k | €6k | €3k | ▼ 43.5% |
| Other amounts payable47/48 | - | €24k | €3k | - | €430 | - |
| Accrued charges and deferred income492/3 | - | €36 | €2k | €29 | €66 | ▲ 124% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €19k | €-44k | €2k | €-9k | ▼ 582% |
| + Depreciation and write-downs630 | €11k | €8k | €11k | €10k | €10k | = |
| Operating cash flow (approximation) | €47k | €28k | €-34k | €12k | €1k | ▼ 88.9% |
| Investment in fixed assets (approximation) | - | €-25k | €0 | €0 | €0 | - |
| Change in cash | - | €20k | €-49k | €5k | €4k | ▼ 33.4% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.65
Current ratio from 0.41 to 1.65; short-term debt falls from €22k to €15k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.53
Current ratio from 0.36 to 1.53; short-term debt falls from €40k to €30k.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Willebroek · 1 establishment unit since 1996
Ground area
185 m²
Building footprint
188 m²
Volume, LiDAR
941 m³
Parcel 12342B0043/00N000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE ITALIAANSE SMULPAAP
since 19962.076.648.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342B0043/00N000 | Flanders | 185 m² | 1 · 188 m² | 9.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWillebroek2.076.648.452
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,623 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 (pre-2019)
Founded23-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.