MINA SOFTWARE
ActiveSummary
MINA SOFTWARE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €7k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+57
Solvency80▲+13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 1.83 in 2024; short-term debt: 25% and cash: 36.8% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
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
54.6%
Return on assets
11.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
1 d early
2023
on the day
2022
2 d early
2021
16 d early
2020
1 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€102k
EBIT margin
20.9%
Net result
€7k
2024 · €-7k
Working capital
€24k▲ 70.5%
2024 · €14k
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
Line20212022202320242025
Turnover
Operating result€2k▼ 81.3%€8k▲ 236%€-6k€-5k▲ 5.7%€12k
Net result€634▼ 92.6%€6k▲ 792%€-7k€-7k▼ 1.1%€7k
EBIT margin
Equity€46k▲ 1.4%€51k▲ 12.3%€35k▼ 32.4%€27k▼ 21.2%€35k▲ 26.8%
Total assets€57k▼ 3.8%€56k▼ 1.7%€76k▲ 35.7%€65k▼ 15.1%€64k▼ 1.7%
Debt€11k▼ 20.3%€5k▼ 57.8%€42k▲ 758%€37k▼ 10.0%€29k▼ 22.7%
Working capital€42k▼ 0.2%€50k▲ 20.5%€20k▼ 59.5%€14k▼ 29.8%€24k▲ 70.5%
Staff (FTE)1=1=1=1=1=
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: €12k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€23k ▼ 29.8%
Current assets
€40k ▲ 27.7%
Equity and liabilities €64k
Equity
€35k ▲ 26.8%
Debt
€29k ▼ 22.7%
Debt's share of the balance-sheet total falls from 57.7% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €5k
Cash flow
€17k▲
2024 · €3k
Current ratio
2.53▲
2024 · 1.83
Debt to equity
0.83▼
2024 · 1.37
ROE
21.1%▲
2024 · -26.9%
ROA
11.5%▲
2024 · -11.4%
Interest coverage
14.72▲
2024 · 2.60
Debt ≤ 1 year
€16k▼
2024 · €17k
Debt > 1 year
€13k▼
2024 · €20k
Income taxes
€3k▲
2024 · €276
Staff costs
€44k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32k | €33k | €44k | €41k | €44k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €6k | €10k | €10k | = |
| Other operating charges640/8 | €843 | €487 | €2k | €2k | €1k | ▼ 29.8% |
| Non-recurring operating charges66A | €1k | - | - | €4k | - | - |
| Gross operating margin9900 | €42k | €47k | €46k | €51k | €67k | ▲ 31.0% |
| Operating profit (loss)9901 | €2k | €8k | €-6k | €-5k | €12k | ▲ 322% |
| Financial income75/76B | €215 | €781 | €81 | - | €76 | - |
| Recurring financial income75 | €215 | €781 | €81 | - | €76 | - |
| Financial charges65/66B | €433 | €732 | €1k | €2k | €1k | ▼ 14.6% |
| Recurring financial charges65 | €433 | €732 | €1k | €2k | €1k | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €2k | €8k | €-7k | €-7k | €11k | ▲ 248% |
| Income taxes67/77 | €2k | €2k | €213 | €276 | €3k | ▲ 1,047% |
| Profit (loss) for the period9904 | €634 | €6k | €-7k | €-7k | €7k | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €634 | €6k | €-7k | €-7k | €7k | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €56k | €76k | €65k | €64k | ▼ 1.7% |
| Fixed assets21/28 | €6k | €1k | €41k | €33k | €23k | ▼ 29.8% |
| Tangible fixed assets22/27 | €6k | €1k | €41k | €33k | €23k | ▼ 29.8% |
| Plant, machinery and equipment23 | €2k | €1k | €241 | - | - | - |
| Furniture and vehicles24 | €4k | - | - | €1k | €819 | ▼ 41.4% |
| Leasing and similar rights25 | - | - | €41k | €32k | €22k | ▼ 29.3% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €51k | €55k | €35k | €32k | €40k | ▲ 27.7% |
| Amounts receivable after more than one year29 | €9k | €5k | - | - | - | - |
| Other amounts receivable291 | €9k | €5k | - | - | - | - |
| Amounts receivable within one year40/41 | €20k | €17k | €20k | €19k | €15k | ▼ 19.2% |
| Trade receivables40 | €11k | €12k | €12k | €17k | €15k | ▼ 14.9% |
| Other amounts receivable41 | €9k | €5k | €7k | €2k | €494 | ▼ 68.1% |
| Cash at bank and in hand54/58 | €21k | €33k | €13k | €11k | €23k | ▲ 113% |
| Deferred charges and accrued income490/1 | €727 | €829 | €2k | €2k | €2k | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €56k | €76k | €65k | €64k | ▼ 1.7% |
| Equity10/15 | €46k | €51k | €35k | €27k | €35k | ▲ 26.8% |
| Contributions10/11 | €8k | €8k | €1 | €1 | €1 | = |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €36k | €42k | €35k | €27k | €35k | ▲ 26.8% |
| Amounts payable17/49 | €11k | €5k | €42k | €37k | €29k | ▼ 22.7% |
| Amounts payable after more than one year17 | €2k | - | €27k | €20k | €13k | ▼ 35.5% |
| Financial debts170/4 | €2k | - | €27k | €20k | €13k | ▼ 35.5% |
| Amounts payable within one year42/48 | €9k | €5k | €15k | €17k | €16k | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | €4k | €2k | €7k | €7k | €7k | ▲ 4.5% |
| Financial debts43 | €3k | €1k | €2k | €765 | €765 | ▲ 0.1% |
| Credit institutions430/8 | €3k | €1k | €2k | €765 | €765 | ▲ 0.1% |
| Trade debts44 | €2k | €744 | €2k | €6k | €2k | ▼ 73.0% |
| Suppliers440/4 | €2k | €744 | €2k | €6k | €2k | ▼ 73.0% |
| Taxes, remuneration and social security45 | - | - | €5k | €4k | €6k | ▲ 72.4% |
| Taxes450/3 | - | - | - | - | €903 | - |
| Remuneration and social security454/9 | - | - | €5k | €4k | €5k | ▲ 47.4% |
| Other amounts payable47/48 | €500 | €500 | - | - | €178 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €634 | €6k | €-7k | €-7k | €7k | ▲ 199% |
| + Depreciation and write-downs630 | €5k | €5k | €6k | €10k | €10k | = |
| Operating cash flow (approximation) | €5k | €11k | €-1k | €3k | €17k | ▲ 587% |
| Investment in fixed assets (approximation) | - | €0 | €-47k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €12k | €-19k | €-2k | €12k | ▲ 605% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 11.38
Current ratio from 5.47 to 11.38; short-term debt falls from €9k to €5k.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity triplescurrent ratio 5.83
Current ratio from 1.77 to 5.83; short-term debt falls from €44k to €9k.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zaventem · 1 establishment unit since 2010
Ground area
656 m²
Building footprint
130 m²
Volume, LiDAR
839 m³
Parcel 23082C0204/00F000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mina Software
since 20102.194.108.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082C0204/00F000 | Flanders | 656 m² | 1 · 129 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.
Similar companies · same sector, comparable size
SYTIM
BE 0794.509.974
Dalhem · Eq €34,624
NOMOZA@service
BE 0683.447.152
Vilvoorde · Eq €34,885
PHITECH
BE 0734.834.980
Antwerpen · Eq €34,443
EQUINOXE CONSULTING
BE 0869.849.874
Waterloo · Eq €34,350
BIEFS
BE 1000.398.909
Zoersel · Eq €35,140
Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,275 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
Founded22-11-2010
Fiscal year end30-09
Activities, NACEBEL 2025
62900Other information technology and computer services
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.