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Mina

Open bankruptcy
Private limited company (pre-2019)founded 2015KBO/BCE: BE 0640.904.140

A bankruptcy procedure is open for Mina according to publications in the Belgian State Gazette; curator: DAVID ANNé.

Summary

The 2021 annual accounts show equity of €46,794 and a net result of €23,338.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
7 November 2024
Supervising judge
Luc Hermans
Official Gazette
14-11-2024 (pdf) ↗search the document for 2024/143782

Curator

  • ANNé DavidFrankrijklei 5 Bus 0401, 2000 Antwerpen 1d.anne@affluo.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 October 2015, Mina was incorporated.1 Revenue went from EUR 158,972 in 2018 to EUR 336,843 in 2021.2 The company was declared bankrupt on 7 November 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 14-11-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Turnover
€336,843▲ 24.2%
2020 · €271,303
EBIT margin
7.7%▲ 1.2pp
2020 · 6.5%
Net result
€23,338▲ 81.6%
2020 · €12,848
Working capital
€32,837▲ 35.9%
2020 · €24,159
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Turnover€158,972-€222,133▲ 39.7%€271,303▲ 22.1%€336,843▲ 24.2%
Operating result€4,221-€15,261▲ 262%€17,729▲ 16.2%€26,015▲ 46.7%
Net result€642-€1,619▲ 152%€12,848▲ 694%€23,338▲ 81.6%
EBIT margin2.7%-6.9%▲ 4.2pp6.5%▼ 0.3pp7.7%▲ 1.2pp
Equity€8,989-€10,608▲ 18.0%€23,456▲ 121%€46,794▲ 99.5%
Total assets€63,249-€92,130▲ 45.7%€145,445▲ 57.9%€119,807▼ 17.6%
Debt€54,260-€81,522▲ 50.2%€121,989▲ 49.6%€73,013▼ 40.1%
Working capital€11,599-€23,926▲ 106%€24,159▲ 1.0%€32,837▲ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2018: €4,221€4,221Net result 2018: €642€642Operating result 2019: €15,261€15,261Net result 2019: €1,619€1,619Operating result 2020: €17,729€17,729Net result 2020: €12,848€12,848Operating result 2021: €26,015€26,015Net result 2021: €23,338€23,3382018201920202021€0€10,000€20,000€30,000Operating result 2019: €15,261€15,300Net result 2019: €1,619€1,620Operating result 2020: €17,729€17,700Net result 2020: €12,848€12,800Operating result 2021: €26,015€26,000Net result 2021: €23,338€23,300201920202021
The operating result has risen three years in a row; 2021 is 47% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €119,807
Fixed assets €40,493 ▼ 12.9%
Current assets €79,314 ▼ 19.8%
Equity and liabilities €119,807
Equity €46,794 ▲ 99.5%
Debt €73,013 ▼ 40.1%
Debt's share of the balance-sheet total falls from 83.9% to 60.9%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€36,514▲
2020 · €26,586
Cash flow
€33,837▲
2020 · €21,705
Current ratio
1.71▲
2020 · 1.32
Quick ratio
1.66▲
2020 · 1.29
Debt to equity
1.56▼
2020 · 2.01
ROE
49.9%▼
2020 · 54.8%
ROA
19.5%▲
2020 · 8.8%
Interest coverage
78.90
Debt ≤ 1 year
€46,476▼
2020 · €74,792
Debt > 1 year
€26,537▼
2020 · €47,197
Income taxes
€2,218▼
2020 · €4,431
Staff costs
€8,114
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 51 lines
Balance sheet Code20202021
Assets
Total assets20/58€145,445€119,807▼
Fixed assets21/28€46,494€40,493▼
Tangible fixed assets22/27€46,009€40,008▼
Plant, machinery and equipment23-€2,214
Furniture and vehicles24-€2,562
Leasing and similar rights25-€35,232
Financial fixed assets28€485€485=
Current assets29/58€98,951€79,314▼
Stocks and contracts in progress3€2,200€2,200=
Stocks30/36-€2,200
Amounts receivable within one year40/41€8,067€24,101▲
Other amounts receivable41-€24,101
Cash at bank and in hand54/58€88,684€52,216▼
Deferred charges and accrued income490/1-€796
Equity and liabilities
Total equity and liabilities10/49€145,445€119,807▼
Equity10/15€23,456€46,794▲
Contributions10/11€6,200€6,200=
Capital10-€6,200
Issued capital100-€18,600
Uncalled capital101-€12,400
Reserves13€1,860€1,860=
Non-distributable reserves130/1-€1,860
Legal reserve130-€1,860
Profit (loss) carried forward14€15,396€38,734▲
Amounts payable17/49€121,989€73,013▼
Amounts payable after more than one year17€47,197€26,537▼
Financial debts170/4-€26,537
Amounts payable within one year42/48€74,792€46,476▼
Current portion of amounts payable after more than one year42-€27,691
Trade debts44€44,383€10,656▼
Suppliers440/4-€10,656
Taxes, remuneration and social security45-€8,129
Taxes450/3-€4,395
Remuneration and social security454/9-€3,734
Income statement Code20202021
Turnover70€271,303€336,843▲
Goods, raw materials, services and sundry goods60/61-€287,307
Remuneration, social security and pensions62-€8,114
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,857€10,499▲
Other operating charges640/8-€4,908
Gross operating margin9900€38,714€49,536▲
Operating profit (loss)9901€17,729€26,015▲
Financial income75/76B-€4
Recurring financial income75€0€4▲
Financial charges65/66B-€463
Recurring financial charges65€451€463▲
Profit (loss) for the period before taxes9903€17,278€25,555▲
Income taxes67/77€4,431€2,218▼
Profit (loss) for the period9904€12,848€23,338▲
Profit (loss) for the period to be appropriated9905€12,848€23,338▲
Appropriation of the result
Profit (loss) to be appropriated9906-€38,734
Profit (loss) brought forward from the previous period14P-€15,396

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Turnover70€158,972€222,133€271,303€336,843▲ 24.2%
Goods, raw materials, services and sundry goods60/61---€287,307-
Remuneration, social security and pensions62---€8,114-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,290€9,290€8,857€10,499▲ 18.5%
Other operating charges640/8---€4,908-
Gross operating margin9900€27,051€36,314€38,714€49,536▲ 28.0%
Operating profit (loss)9901€4,221€15,261€17,729€26,015▲ 46.7%
Financial income75/76B---€4-
Recurring financial income75€0€20€0€4▲ 7,340%
Financial charges65/66B---€463-
Recurring financial charges65€1,560€2,504€451€463▲ 2.7%
Profit (loss) for the period before taxes9903€2,660€4,296€17,278€25,555▲ 47.9%
Income taxes67/77€2,018€2,677€4,431€2,218▼ 49.9%
Profit (loss) for the period9904€642€1,619€12,848€23,338▲ 81.6%
Profit (loss) for the period to be appropriated9905€642€1,619€12,848€23,338▲ 81.6%
Line2018201920202021Change
Assets
Total assets20/58€63,249€92,130€145,445€119,807▼ 17.6%
Fixed assets21/28€16,257€6,967€46,494€40,493▼ 12.9%
Tangible fixed assets22/27€16,257€6,967€46,009€40,008▼ 13.0%
Plant, machinery and equipment23---€2,214-
Furniture and vehicles24---€2,562-
Leasing and similar rights25---€35,232-
Financial fixed assets28--€485€485=
Current assets29/58€46,992€85,163€98,951€79,314▼ 19.8%
Stocks and contracts in progress3€5,208€5,208€2,200€2,200=
Stocks30/36---€2,200-
Amounts receivable within one year40/41€893€5,314€8,067€24,101▲ 199%
Other amounts receivable41---€24,101-
Cash at bank and in hand54/58€40,891€74,641€88,684€52,216▼ 41.1%
Deferred charges and accrued income490/1---€796-
Equity and liabilities
Total equity and liabilities10/49€63,249€92,130€145,445€119,807▼ 17.6%
Equity10/15€8,989€10,608€23,456€46,794▲ 99.5%
Contributions10/11€6,200€6,200€6,200€6,200=
Capital10---€6,200-
Issued capital100---€18,600-
Uncalled capital101---€12,400-
Reserves13€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860-
Legal reserve130---€1,860-
Profit (loss) carried forward14€929€2,548€15,396€38,734▲ 152%
Amounts payable17/49€54,260€81,522€121,989€73,013▼ 40.1%
Amounts payable after more than one year17€18,867€20,198€47,197€26,537▼ 43.8%
Financial debts170/4---€26,537-
Amounts payable within one year42/48€35,393€61,237€74,792€46,476▼ 37.9%
Current portion of amounts payable after more than one year42---€27,691-
Trade debts44€1,015€34,097€44,383€10,656▼ 76.0%
Suppliers440/4---€10,656-
Taxes, remuneration and social security45---€8,129-
Taxes450/3---€4,395-
Remuneration and social security454/9---€3,734-
Line2018201920202021Change
Profit (loss) for the period9904€642€1,619€12,848€23,338▲ 81.6%
+ Depreciation and write-downs630€9,290€9,290€8,857€10,499▲ 18.5%
Operating cash flow (approximation)€9,932€10,909€21,705€33,837▲ 55.9%
Investment in fixed assets (approximation)-€0-€48,383-€4,498▲ 90.7%
Change in cash-€33,750€14,043-€36,467▼ 360%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
14-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-11-2024
2022
08-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 130 days late
2021
31-12
Financial Highest result since 2018net €23,338 ▲81.6%
Operating result €26,015, net result €23,338, both a record.
29-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 363 days late
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Mortsel · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
87 m²
Building footprint
87 m²
Volume, LiDAR
1,028 m³
Parcel 11513C0066/00Z000, Flanders · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MINA
Limited-service restaurants
since 20152.246.829.905
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11513C0066/00Z000 Flanders 87 m² 1 · 87 m² 13.5 m · 4 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator DAVID ANNé
FRANKRIJKLEI 5 BUS 0401, 2000 ANTWERPEN 1
07-11-2024 → present

Similar companies · same sector, comparable size

Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 8,422 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)
Founded13-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services

Scores and ratios are computed by Checked and are not a credit decision.