Equity
Equity fell by 64% in 1 year.
Equity fell by 64% in 1 year.
From profit to loss in 2025, after a profit of €57,956 in 2024.
Green is investment, beige is depreciation.
MINCA pays its suppliers 32 days earlier than in 2024. Customers pay 107 days later.
Latest accounts filed late: after the legal deadline.
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 47% of them on solvency, 13% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,591 companies had the same profile as MINCA has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MINCA itself: 1.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for MINCA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.67 (3.07 in 2024), above the usual 1.5. Short-term debt is 48.4% and cash 3.9% of total assets. 48.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 152 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MINCA Koekelberg | €67,846 | -€54,766 | 51.6% | - |
| KRC Consult Brussels | €62,760 | -€668 | 44.2% | - |
| CV&C Uccle | €74,748 | -€6,893 | 39.0% | - |
| UNPERFECT Forest | €67,963 | -€39,352 | -14.2% | - |
| Li Wan Auderghem | €58,830 | -€12,118 | 41.8% | - |
| RLMA Brussels | €78,168 | -€9,617 | 98.6% | - |
| TELECOM ENERGY ANSWERS Forest | €77,513 | -€28,924 | -42.7% | - |
These companies have the same main activity as MINCA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €58,800 and €78,200, founded between 2016 and 2018.
MINCA files the micro format. That format states no turnover. The gross margin fell from €48,009 in 2018 to -€54,766 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 46% of 39,360 companies in 2025.
Higher than 43% of 38,044 companies in 2025.
Lower than 95% of 38,516 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
67,846 | 145,813 | 77,581 | 105,235 | 148,734 | 86,031 | 62,852 | 58,060 | |
21/28 |
12,997 | 676 | 1,993 | 3,566 | 5,212 | 3,565 | 832 | 1,794 | |
22/27 |
12,997 | 676 | 1,993 | 3,566 | 5,212 | 3,565 | 832 | 1,794 | |
23 |
103 | 676 | 1,582 | 1,144 | 1,560 | 1,975 | - | - | |
24 |
12,894 | - | 411 | 2,422 | 3,652 | 1,589 | 832 | 1,794 | |
29/58 |
54,849 | 145,137 | 75,588 | 101,669 | 143,522 | 82,466 | 62,020 | 56,266 | |
3 |
5,000 | 5,000 | 5,000 | 5,000 | 10,000 | 17,933 | - | - | |
30/36 |
5,000 | 5,000 | 5,000 | 5,000 | 10,000 | 17,933 | - | - | |
40/41 |
46,752 | 78,937 | 67,843 | 95,632 | 85,674 | 58,809 | 61,785 | 42,721 | |
40 |
- | 28,812 | 18,738 | 70,501 | 57,983 | 7,000 | - | - | |
41 |
46,752 | 50,125 | 49,105 | 25,131 | 27,691 | 51,809 | 61,785 | 42,721 | |
54/58 |
2,641 | 61,200 | 2,745 | 1,037 | 47,848 | 5,724 | 155 | 13,430 | |
490/1 |
456 | - | - | - | - | - | 80 | 115 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
67,846 | 145,813 | 77,581 | 105,235 | 148,734 | 86,031 | 62,852 | 58,060 | |
10/15 |
35,028 | 98,561 | 40,605 | 23,217 | 79,740 | 60,456 | 46,877 | 32,573 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | 6,200 | 6,200 | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
19,245 | 19,245 | 19,245 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
19,245 | 19,245 | 19,245 | - | - | - | - | - | |
14 |
9,583 | 73,116 | 15,160 | 15,157 | 71,680 | 52,396 | 38,817 | 24,513 | |
17/49 |
32,818 | 47,252 | 36,976 | 82,018 | 68,994 | 25,575 | 15,975 | 25,487 | |
42/48 |
32,818 | 47,252 | 36,976 | 82,018 | 68,994 | 25,575 | 15,975 | 24,487 | |
44 |
209 | 14,368 | 602 | 76,661 | 41,366 | 67 | 203 | 2,661 | |
440/4 |
209 | 14,368 | 602 | 76,661 | 41,366 | 67 | 203 | 2,661 | |
45 |
32,609 | 32,884 | 6,374 | 5,357 | 2,628 | 1,508 | 772 | 1,826 | |
450/3 |
32,609 | 32,884 | 6,374 | 5,357 | 2,628 | 1,508 | 772 | 1,826 | |
47/48 |
- | - | 30,000 | - | 25,000 | 24,000 | 15,000 | 20,000 | |
492/3 |
- | - | - | - | - | - | - | 1,000 | |
| Income statement | |||||||||
70 |
110,012 | 217,074 | 210,719 | - | - | - | - | - | |
9900 |
-54,766 | 75,491 | 51,835 | -43,666 | 44,612 | 45,172 | 26,840 | 48,009 | |
60/61 |
190,727 | 165,873 | 162,803 | - | - | - | - | - | |
630 |
5,670 | 1,317 | 1,573 | 1,646 | 1,134 | 819 | 963 | 2,262 | |
640/8 |
4,305 | 511 | 549 | - | 855 | 2,972 | 275 | 880 | |
9901 |
-64,741 | 73,663 | 49,713 | -45,312 | 42,623 | 41,381 | 25,602 | 44,867 | |
75/76B |
2,251 | 2,708 | 3,538 | 1,638 | 2,324 | 5,115 | 4,139 | 1,770 | |
75 |
2,251 | 2,708 | 3,538 | 1,638 | 2,324 | 5,115 | 4,139 | 1,770 | |
65/66B |
589 | 1,246 | 1,495 | 1,949 | 663 | 1,189 | 437 | 264 | |
65 |
589 | 1,246 | 1,495 | 1,949 | 663 | 1,189 | 437 | 264 | |
9903 |
-63,079 | 75,125 | 51,756 | -45,623 | 44,284 | 45,306 | 29,304 | 46,373 | |
67/77 |
454 | 17,169 | 4,368 | 10,900 | - | 7,727 | - | - | |
9904 |
-63,533 | 57,956 | 47,388 | -56,523 | 44,284 | 37,579 | 29,304 | 46,373 | |
9905 |
-63,533 | 57,956 | 47,388 | -56,523 | 44,284 | 37,579 | 29,304 | 46,373 | |
| Appropriation of the result | |||||||||
9906 |
9,583 | 73,116 | 62,545 | 15,157 | 96,680 | 76,396 | 53,817 | 46,373 | |
14P |
73,116 | 15,160 | 15,157 | 71,680 | 52,396 | - | - | - | |
691/2 |
- | - | 17,385 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 17,385 | - | - | - | - | - | |
694/7 |
- | - | 30,000 | - | 25,000 | 24,000 | 15,000 | 20,000 | |
694 |
- | - | 30,000 | - | - | - | - | - | |
695 |
- | - | - | - | 25,000 | 24,000 | 15,000 | 20,000 | |
| Document | |||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-10-2026.
2025 annual accounts filed 88 days after the deadline. Filed on 27 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00569566.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-10-2026 | 2026-00569566 | |
| 31-12-2024 | micro format | 27-10-2026 | 2026-00569567 | |
| 31-12-2023 | micro format | 22-02-2025 | 2025-00037887 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00382800 | |
| 31-12-2021 | micro format | 21-09-2022 | 2022-20440344 | |
| 31-12-2020 | micro format | 21-10-2021 | 2021-72700410 | |
| 31-12-2019 | micro format | 29-12-2020 | 2020-77300565 | |
| 31-12-2018 | micro format | 14-09-2019 | 2019-64800029 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| -59,071 | 74,980 | 51,286 | -43,666 | 43,757 | 42,199 | 26,565 | 47,129 | ||
| -57,863 | 59,273 | 48,961 | -54,877 | 45,418 | 38,398 | 30,267 | 48,635 | ||
| 17,991 | 0 | 0 | 0 | 2,781 | 3,551 | 1 | 4,056 | ||
| -58,559 | 58,455 | 1,708 | -46,811 | 42,124 | 5,569 | -13,275 | - | ||
| 22,031 | 97,885 | 38,612 | 19,651 | 74,528 | 56,892 | 46,045 | 31,779 | ||
| -58.8% | 33.9% | 23.6% | - | - | - | - | - | ||
| 51.6% | 67.6% | 52.3% | 22.1% | 53.6% | 70.3% | 74.6% | 56.1% | ||
| 1.67 | 3.07 | 2.04 | 1.24 | 2.08 | 3.22 | 3.88 | 2.30 | ||
| 1.52 | 2.97 | 1.91 | 1.18 | 1.94 | 2.52 | 3.88 | 2.30 | ||
| 0.94 | 0.48 | 0.91 | 3.53 | 0.87 | 0.42 | 0.34 | 0.78 | ||
| -181.4% | 58.8% | 116.7% | -243.5% | 55.5% | 62.2% | 62.5% | 142.4% | ||
| -93.6% | 39.7% | 61.1% | -53.7% | 29.8% | 43.7% | 46.6% | 79.9% | ||
| -100.29 | 60.18 | 34.31 | -22.40 | 66.00 | - | - | - | ||
| 155 days | 48 days | 32 days | - | - | - | - | - | ||
| 0 days | 32 days | 1 day | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €17,991 | - | - | - | €2,781 |
| €5,670 | €1,317 | €1,573 | €1,646 | €1,134 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €64,741, after a profit of €73,663 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 32.4% to 48.4%. Equity and debt are lower.
MINCA has no parent and no holdings in its annual accounts. MINKUE MI EDOU Jessica is the only director. MINCA shares no director with another company.
| KANGNY IMMO SRL
registered office since 07-10-2019 · founded in 2019 |
total assets €146,865 (2025) 0735.761.529 |
| FOOVI
registered office since 27-07-2018 · founded in 2018 |
total assets €73,530 (2025) 0700.471.147 |
| HABIMANA CONSULTING
registered office since 19-04-2022 · founded in 2022 |
total assets €66,502 (2025) 0784.918.555 |
| PP MEDIAS
registered office since 16-12-2021 |
founded in 2021 0778.730.153 |
| Koekelberg Sporting Club
registered office since 01-09-2016 |
founded in 2016 0661.904.442 |
| Association des copropriétaires de l'immeuble sis à 1081 Koekelberg, à l'angle de la rue François Delcoigne et la rue de la sécurité 2
registered office since 10-05-1966 |
founded in 1966 0652.968.861 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Veiligheidsstraat 2 registered office 1081 Koekelberg 2042002 Manufacture of chemicals and chemical products | 04-05-2017 | 2.264.671.668 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21492B0242/00D008 | 614 m² | 1 · 527 m² | 16.4 m · 5 |
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