MINAS CONSTRUCT

Active

General partnershipfounded 20179 yrs activeStationsstraat(HA) 43, 9450 Haaltert, BelgiumKBO/BCE: BE 0674.706.066

MINAS CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €-7k. Its solvency ranks better than 22% of 26908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

27 / 100

Weak▼ -41 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency32▲+1

Growth32

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.24 against 1.23 in 2024), and 79.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

20.9%

Return on assets

-16.3%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 26908 sector peers (2025).

NBB · sector comparison

Position among 26908 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 2 filings

Deviation from the deadline

2025

30 d late

2024

63 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

08-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€10k▼ 43.8%

2024 · €17k

2024: €17k

2024 → 2025

Total assets

€46k▼ 44.7%

2024 · €82k

2024: €82k

2024 → 2025

Net result

€-7k

2024 · €9k

2024: €9k

2024 → 2025

Working capital

€9k▼ 43.2%

2024 · €15k

2024: €15k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€17k-€10k▼ 43.8%

Operating result€17k-€-5k

Net result€9k-€-7k

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 2025: a loss of €5k after €17k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €46k

98.1%

Fixed assets €888▼ 49.3%

Current assets €45k▼ 44.6%

Equity and liabilities €46k

20.9%

79.1%

Equity €10k▼ 43.8%

Debt €36k▼ 45.0%

The debt ratio falls from 79.5% to 79.1%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-4k▼

2024 · €18k

Cash flow

€-7k▼

2024 · €10k

Solvency

20.9%▲

2024 · 20.5%

Current ratio

1.24▲

2024 · 1.23

Quick ratio

1.24▲

2024 · 1.23

Debt / equity

3.79▼

2024 · 3.87

ROE

-78.0%▼

2024 · 55.4%

ROA

-16.3%▼

2024 · 11.4%

Interest coverage

-5.91▼

2024 · 28.96

Debt

€36k▼

2024 · €66k

Debt ≤ 1 year

€36k▼

2024 · €66k

Income taxes

€2k▼

2024 · €7k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€82k€46k▼

Fixed assets21/28€2k€888▼

Tangible fixed assets22/27€1k€618▼

Plant, machinery and equipment23€298€96▼

Furniture and vehicles24€1k€522▼

Financial fixed assets28€270€270=

Current assets29/58€81k€45k▼

Amounts receivable within one year40/41€77k€45k▼

Trade receivables40€74k€44k▼

Other amounts receivable41€2k€706▼

Cash at bank and in hand54/58€4k€162▼

Equity and liabilities

Total equity and liabilities10/49€82k€46k▼

Equity10/15€17k€10k▼

Contributions10/11€1k€1k=

Reserves13€258€258▲

Distributable reserves133€258€258▲

Profit (loss) carried forward14€16k€8k▼

Amounts payable17/49€66k€36k▼

Amounts payable within one year42/48€66k€36k▼

Financial debts43-€734

Credit institutions430/8-€734

Trade debts44€46k€27k▼

Suppliers440/4€46k€27k▼

Taxes, remuneration and social security45€10k€8k▼

Taxes450/3€10k€8k▼

Other amounts payable47/48€9k€154▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€772€863▲

Other operating charges640/8€588€1k▲

Gross operating margin9900€19k€-3k▼

Operating profit (loss)9901€17k€-5k▼

Financial charges65/66B€619€729▲

Recurring financial charges65€619€729▲

Profit (loss) for the period before taxes9903€17k€-6k▼

Income taxes67/77€7k€2k▼

Profit (loss) for the period9904€9k€-7k▼

Profit (loss) for the period to be appropriated9905€9k€-7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€16k€8k▼

Profit (loss) brought forward from the previous period14P€6k€16k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

2025

02-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 63 days late

NBB filing

Directors · office · real estate

Directors

1 director, no change since 2024

MOISES DA SILVA Alexandre

Director · since 09-10-2024

Current

09-10-2024 Resigned as Manager

09-10-2024 Appointed as Director

Location & real-estate footprint

Registered office, Haaltert · 1 establishment unit since 2017

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stationsstraat(HA) 439450 Haaltert

Ground area

314 m²

Building footprint

172 m²

Volume, LiDAR

1,134 m³

2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MINAS CONSTRUCT

De Vilanderstraat 23, 9300 AalstManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20172.292.660.029

2 parcels

Flanders 2 (100%)