MINA CONSULTANCY
ActiveSummary
MINA CONSULTANCY has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56,601 and a net result of -€2,153. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 17.45 against 25.52 in 2023; short-term debt: 5% and cash: 2.5% of total assets), and 5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
95%
Return on assets
-3.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€2,153
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
70 d late
2021
30 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€56,601▼ 3.7%
2023 · €58,754
Total assets
€59,568▼ 2.5%
2023 · €61,101
Net result
-€2,153▲ 59.7%
2023 · -€5,350
Working capital
€48,802▼ 15.2%
2023 · €57,559
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€37,409-€44,688▲ 19.5%€8,788▼ 80.3%-€6,934-€4,535▲ 34.6%
Net result€23,811within the sector's middle half-€29,233within the sector's middle half▲ 22.8%€6,060within the sector's middle half▼ 79.3%-€5,350below the sector's middle half-€2,153below the sector's middle half▲ 59.7%
Equity€28,811within the sector's middle half-€58,044within the sector's middle half▲ 101%€64,104within the sector's middle half▲ 10.4%€58,754within the sector's middle half▼ 8.3%€56,601within the sector's middle half▼ 3.7%
Total assets€49,385below the sector's middle half-€76,014below the sector's middle half▲ 53.9%€85,615within the sector's middle half▲ 12.6%€61,101below the sector's middle half▼ 28.6%€59,568below the sector's middle half▼ 2.5%
Debt€20,575-€17,970▼ 12.7%€21,512▲ 19.7%€2,347▼ 89.1%€2,967▲ 26.4%
Working capital€21,107within the sector's middle half-€55,641within the sector's middle half▲ 164%€62,305within the sector's middle half▲ 12.0%€57,559within the sector's middle half▼ 7.6%€48,802within the sector's middle half▼ 15.2%
Solvency58.3%within the sector's middle half-76.4%within the sector's middle half▲ 18.0pp74.9%within the sector's middle half▼ 1.5pp96.2%above the sector's middle half▲ 21.3pp95.0%above the sector's middle half▼ 1.1pp
Current ratio2.03within the sector's middle half-4.10within the sector's middle half▲ 2.073.90within the sector's middle half▼ 0.2025.52above the sector's middle half▲ 21.6217.45above the sector's middle half▼ 8.08
Return on assets (ROA)48.2%above the sector's middle half-38.5%above the sector's middle half▼ 9.8pp7.1%within the sector's middle half▼ 31.4pp-8.8%below the sector's middle half▼ 15.8pp-3.6%below the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 stays negative: a loss of €4,535 in 2024 against €6,934 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,568
Fixed assets
€7,799 ▲ 552%
Current assets
€51,769 ▼ 13.6%
Equity and liabilities €59,568
Equity
€56,601 ▼ 3.7%
Debt
€2,967 ▲ 26.4%
Debt's share of the balance-sheet total rises from 3.8% to 5.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,630▲
2023 · -€6,330
Cash flow
-€248▲
2023 · -€4,746
Debt to equity
0.05▲
2023 · 0.04
ROE
-3.8%▲
2023 · -9.1%
Interest coverage
-24.70▲
2023 · -62.06
Debt ≤ 1 year
€2,967▲
2023 · €2,347
Income taxes
€340▼
2023 · €355
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,441 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,356 | €604 | €604 | €604 | €1,905 | ▲ 216% |
| Other operating charges640/8 | - | €402 | €18,713 | €628 | €724 | ▲ 15.3% |
| Non-recurring operating charges66A | - | €1,557 | - | - | - | - |
| Gross operating margin9900 | €39,306 | €47,251 | €28,104 | -€5,702 | -€1,906 | ▲ 66.6% |
| Operating profit (loss)9901 | €37,409 | €44,688 | €8,788 | -€6,934 | -€4,535 | ▲ 34.6% |
| Financial income75/76B | - | €224 | €1,388 | €2,042 | €2,829 | ▲ 38.6% |
| Recurring financial income75 | - | €224 | €1,388 | €2,042 | €2,829 | ▲ 38.6% |
| Financial charges65/66B | - | €67 | €82 | €102 | €107 | ▲ 4.4% |
| Recurring financial charges65 | €47 | €67 | €82 | €102 | €107 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €37,362 | €44,845 | €10,094 | -€4,995 | -€1,813 | ▲ 63.7% |
| Income taxes67/77 | €13,551 | €15,612 | €4,034 | €355 | €340 | ▼ 4.2% |
| Profit (loss) for the period9904 | €23,811 | €29,233 | €6,060 | -€5,350 | -€2,153 | ▲ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €23,811 | €29,233 | €6,060 | -€5,350 | -€2,153 | ▲ 59.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,385 | €76,014 | €85,615 | €61,101 | €59,568 | ▼ 2.5% |
| Fixed assets21/28 | €7,704 | €2,403 | €1,799 | €1,195 | €7,799 | ▲ 552% |
| Tangible fixed assets22/27 | €7,704 | €2,403 | €1,799 | €1,195 | €7,799 | ▲ 552% |
| Furniture and vehicles24 | - | €2,403 | €1,799 | €1,195 | €7,799 | ▲ 552% |
| Current assets29/58 | €41,681 | €73,611 | €83,816 | €59,906 | €51,769 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €13,658 | €35,762 | €37,828 | €51,216 | €49,445 | ▼ 3.5% |
| Trade receivables40 | - | €24,229 | €8,892 | €2,675 | €4,630 | ▲ 73.1% |
| Other amounts receivable41 | - | €11,532 | €28,936 | €48,541 | €44,815 | ▼ 7.7% |
| Cash at bank and in hand54/58 | €25,855 | €36,421 | €44,655 | €7,494 | €1,474 | ▼ 80.3% |
| Deferred charges and accrued income490/1 | - | €1,428 | €1,333 | €1,196 | €850 | ▼ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,385 | €76,014 | €85,615 | €61,101 | €59,568 | ▼ 2.5% |
| Equity10/15 | €28,811 | €58,044 | €64,104 | €58,754 | €56,601 | ▼ 3.7% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €23,000 | €52,000 | €52,000 | €52,000 | €52,000 | = |
| Distributable reserves133 | - | €52,000 | €52,000 | €52,000 | €52,000 | = |
| Profit (loss) carried forward14 | €811 | €1,044 | €7,104 | €1,754 | -€399 | ▼ 123% |
| Amounts payable17/49 | €20,575 | €17,970 | €21,512 | €2,347 | €2,967 | ▲ 26.4% |
| Amounts payable within one year42/48 | €20,575 | €17,970 | €21,512 | €2,347 | €2,967 | ▲ 26.4% |
| Trade debts44 | €2,437 | €1,690 | €1,751 | €1,992 | €1,966 | ▼ 1.3% |
| Suppliers440/4 | - | €1,690 | €1,751 | €1,992 | €1,966 | ▼ 1.3% |
| Taxes, remuneration and social security45 | - | €16,280 | €19,761 | €355 | €1,002 | ▲ 182% |
| Taxes450/3 | - | €16,280 | €19,761 | €355 | €1,002 | ▲ 182% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,811 | €29,233 | €6,060 | -€5,350 | -€2,153 | ▲ 59.7% |
| + Depreciation and write-downs630 | €1,356 | €604 | €604 | €604 | €1,905 | ▲ 216% |
| Operating cash flow (approximation) | €25,167 | €29,837 | €6,664 | -€4,746 | -€248 | ▲ 94.8% |
| Investment in fixed assets (approximation) | - | €4,697 | €0 | €0 | -€8,509 | - |
| Change in cash | - | €10,566 | €8,233 | -€37,161 | -€6,020 | ▲ 83.8% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€5,350
Net result drops to -€5,350, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 25.52
Current ratio from 3.90 to 25.52; short-term debt falls from €21,512 to €2,347.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2020net €29,233 ▲22.8%
Operating result €44,688, net result €29,233, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.10
Current ratio from 2.03 to 4.10; short-term debt falls from €20,575 to €17,970.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days 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, Herve · 1 establishment unit since 2020
Ground area
850 m²
Building footprint
82 m²
Volume, LiDAR
563 m³
Parcel 63006C0021/00Z002, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MINA CONSULTANCY
since 20202.299.312.051
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006C0021/00Z002 | Wallonia | 850 m² | 1 · 82 m² | 9.2 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.
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 38,700 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
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743786793
Also
9925:BE0743786793
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.