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MINCA

Active Private limited companyfounded 2017active for 9 yearsVeiligheidsstraat 2, 1081 KoekelbergKBO/BCE: BE 0675.423.965

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €75,491 (2024)
-€54,766▼ €130,257
lowest -€63,533 (2025)
-€63,533▼ €121,489
peak €98,561 (2024)
€35,028▼ 64.5%
€32,818▼ 30.5%
Board1 name since 2023
Documentsfilings and deeds
27-10-202688 days late
2025micro format
Turnover from €217,074 to €110,012Gross margin from €75,491 to -€54,766Loss of €63,533Equity from €98,561 to €35,028Debts from €47,252 to €32,818Investments €17,991

Key points

from the 2025 annual accounts

Equity

€35,028 from €98,561 in 2024

Equity fell by 64% in 1 year.

Result

-€63,533 -€63,533
€58,0002024-€63,5002025

From profit to loss in 2025, after a profit of €57,956 in 2024.

Investments

€17,991 3.2 × depreciation
20212025

Green is investment, beige is depreciation.

Payment terms

0 days to suppliers
Suppliers
32 to 0
Customers
48 to 155

MINCA pays its suppliers 32 days earlier than in 2024. Customers pay 107 days later.

Filings

8 annual accounts 88 days
AprilJune31 JulyOctober20202025

Latest accounts filed late: after the legal deadline.

Position in the sector

-€63,533

Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.

Checked score

53
Fair
Financially stronger than 19% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%

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.

Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 2.7% 01-2025: 3.9%▲ +1.2 percentage points vs 12-2024 02-2025: 4.0%▲ +0.1 percentage points vs 01-2025 03-2025: 1.9%▼ -2.1 percentage points vs 02-2025 04-2025: 2.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.9%▼ -0.1 percentage points vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 2.4%▲ +0.5 percentage points vs 07-2025 09-2025: 3.0%▲ +0.6 percentage points vs 08-2025 10-2025: 4.3%▲ +1.3 percentage points vs 09-2025 11-2025: 4.3%● unchanged vs 10-2025 12-2025: 4.7%▲ +0.4 percentage points vs 11-2025 01-2026: 6.0%▲ +1.3 percentage points vs 12-2025 02-2026: 5.9%▼ -0.1 percentage points vs 01-2026 03-2026: 6.1%▲ +0.2 percentage points vs 02-2026 04-2026: 5.6%▼ -0.5 percentage points vs 03-2026 05-2026: 5.6%● unchanged vs 04-2026 06-2026: 5.5%▼ -0.1 percentage points vs 05-2026 07-2026: 5.5%● unchanged vs 06-2026 08-2026: 7.2%▲ +1.7 percentage points vs 07-2026 09-2026: 7.2%● unchanged vs 08-2026highest value 10-2026: 1.5%▼ -5.7 percentage points vs 09-2026lowest value 11-2026: 1.5%● unchanged vs 10-2026lowest value

Financial strength
Weak

77-16equity 51.6% of total assets
31-55short-term debt 48.4% · cash 3.9%
0-100return on assets -93.6%

Score breakdown

raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Last filed accounts filed 88 days late; 3 of the last 3 accounts late
Loss of €63,533 (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: turnover €110,012, total assets €67,846
Calculation

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).

Comparable companies, two years later

In July 2024, 3,591 companies had the same profile as MINCA has now. Each dot stands for 9 companies, two years later.

87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

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.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit of up to €1,500 on 30-day terms, only on tighter conditions

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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 88 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Loss of €63,533 (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €110,012, total assets €67,846
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 88 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-10-2026, 88 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
88 days late
2024
453 days late
2023
206 days late
2022
29 days late
2021
52 days late
2020
82 days late
2019
151 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 October (4 of the last 5 accounts filed within 119 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0675423965
Change of role: MINKUE MI EDOU Jessica, from manager to director General meeting of 14-12-2023 · Gazette deed
Incorporation published on 08-05-2017 · Gazette deed
First establishment Veiligheidsstraat 2, Koekelberg
All 15 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 04-05-2017Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.264.671.6681081 Koekelberg, since 04-05-2017
Financial year end
31 December
Peppol
Reachable since 19-09-2026
Company details

Annual accounts 2025

€110,012▼ 49.3%
€63,533
€35,028▼ 64.5%
€67,846▼ 53.5%
Filing
Filed on 27-10-2026
Financials

Insights on MINCA

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.

Financials

Annual accounts 2025

micro format, filed on 27-10-2026, 88 days late
€110,012
▼ 49.3%
-€64,741
▼ €138,404
-€59,071
▼ €134,051
-€57,863
▼ €117,136
51.6%
▼ 16.0 percentage points
1.67
▼ 1.40

Money flows

of every €100 of turnover, €57.75 was lost in 2025

Balance sheet

balance sheet total €67,846 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

51.6%

Higher than 46% of 39,360 companies in 2025.

1.67

Higher than 43% of 38,044 companies in 2025.

-93.6%

Lower than 95% of 38,516 companies in 2025.

MINCA Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 67,846145,81377,581105,235148,73486,03162,85258,060
21/28 12,9976761,9933,5665,2123,5658321,794
22/27 12,9976761,9933,5665,2123,5658321,794
23 1036761,5821,1441,5601,975--
24 12,894-4112,4223,6521,5898321,794
29/58 54,849145,13775,588101,669143,52282,46662,02056,266
3 5,0005,0005,0005,00010,00017,933--
30/36 5,0005,0005,0005,00010,00017,933--
40/41 46,75278,93767,84395,63285,67458,80961,78542,721
40 -28,81218,73870,50157,9837,000--
41 46,75250,12549,10525,13127,69151,80961,78542,721
54/58 2,64161,2002,7451,03747,8485,72415513,430
490/1 456-----80115
Balance sheet: equity and liabilities
10/49 67,846145,81377,581105,235148,73486,03162,85258,060
10/15 35,02898,56140,60523,21779,74060,45646,87732,573
10/11 6,2006,2006,2006,2006,2006,2006,2006,200
10 ---6,2006,200---
100 ---18,60018,60018,60018,60018,600
101 ---12,40012,40012,40012,40012,400
13 19,24519,24519,2451,8601,8601,8601,8601,860
130/1 ---1,8601,8601,860--
130 ---1,8601,8601,8601,8601,860
133 19,24519,24519,245-----
14 9,58373,11615,16015,15771,68052,39638,81724,513
17/49 32,81847,25236,97682,01868,99425,57515,97525,487
42/48 32,81847,25236,97682,01868,99425,57515,97524,487
44 20914,36860276,66141,366672032,661
440/4 20914,36860276,66141,366672032,661
45 32,60932,8846,3745,3572,6281,5087721,826
450/3 32,60932,8846,3745,3572,6281,5087721,826
47/48 --30,000-25,00024,00015,00020,000
492/3 -------1,000
Income statement
70 110,012217,074210,719-----
9900 -54,76675,49151,835-43,66644,61245,17226,84048,009
60/61 190,727165,873162,803-----
630 5,6701,3171,5731,6461,1348199632,262
640/8 4,305511549-8552,972275880
9901 -64,74173,66349,713-45,31242,62341,38125,60244,867
75/76B 2,2512,7083,5381,6382,3245,1154,1391,770
75 2,2512,7083,5381,6382,3245,1154,1391,770
65/66B 5891,2461,4951,9496631,189437264
65 5891,2461,4951,9496631,189437264
9903 -63,07975,12551,756-45,62344,28445,30629,30446,373
67/77 45417,1694,36810,900-7,727--
9904 -63,53357,95647,388-56,52344,28437,57929,30446,373
9905 -63,53357,95647,388-56,52344,28437,57929,30446,373
Appropriation of the result
9906 9,58373,11662,54515,15796,68076,39653,81746,373
14P 73,11615,16015,15771,68052,396---
691/2 --17,385----1,860
6920 -------1,860
6921 --17,385-----
694/7 --30,000-25,00024,00015,00020,000
694 --30,000-----
695 ----25,00024,00015,00020,000
Document PDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

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 PDF
31-12-2024 micro format 27-10-2026 2026-00569567 PDF
31-12-2023 micro format 22-02-2025 2025-00037887 PDF
31-12-2022 micro format 29-08-2023 2023-00382800 PDF
31-12-2021 micro format 21-09-2022 2022-20440344 PDF
31-12-2020 micro format 21-10-2021 2021-72700410 PDF
31-12-2019 micro format 29-12-2020 2020-77300565 PDF
31-12-2018 micro format 14-09-2019 2019-64800029 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
-59,07174,98051,286-43,66643,75742,19926,56547,129
-57,86359,27348,961-54,87745,41838,39830,26748,635
17,9910002,7813,55114,056
-58,55958,4551,708-46,81142,1245,569-13,275-
22,03197,88538,61219,65174,52856,89246,04531,779
-58.8%33.9%23.6%-----
51.6%67.6%52.3%22.1%53.6%70.3%74.6%56.1%
1.673.072.041.242.083.223.882.30
1.522.971.911.181.942.523.882.30
0.940.480.913.530.870.420.340.78
-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%
-100.2960.1834.31-22.4066.00---
155 days48 days32 days-----
0 days32 days1 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.

Investments

fixed assets acquired
Item20252024202320222021
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)

Insights on MINCA

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.

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles)
appointed by deed of 28-12-2023 term without a fixed end
earlier manager, until 28-12-2023
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
MINKUE MI EDOU Jessica
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • MINKUE MI EDOU Jessica
    • Director (not named in the articles), appointed by deed of 28-12-2023, still in office
    • Manager, until 28-12-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,200
Shares
186
Contribution per share
€33.33
Equity per share
€188 in 2025
Source
2025 annual accounts

Articles of association

deed of 28-12-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 19:00

Network & group

No group

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.

At the same address

Veiligheidsstraat 2, 1081 Koekelberg · 6 other companies
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

Timeline

Timeline

15 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2024 filed NBBmicro format · 453 days late
Annual accounts 2025 filed NBBmicro format · 88 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0675423965
2025
Weakest financial year net -€63,533 The net result drops to -€63,533, the lowest from 2018 to 2025.
Annual accounts 2023 filed PDFmicro format · 206 days late
2024
Highest result from 2018 to 2025 net €57,956 ▲22.3% The operating result of €73,663 and the net result of €57,956 are both a record.
2023
Back to profit net €47,388 The net result is €47,388, after one loss-making year.
Change of role: MINKUE MI EDOU Jessica, from manager to directorGeneral meeting of 14-12-20234 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 29 days late
2022
Annual accounts 2021 filed PDFmicro format · 52 days late
2021
Annual accounts 2020 filed PDFmicro format · 82 days late
2020
Annual accounts 2019 filed PDFmicro format · 151 days late
2019
Annual accounts 2018 filed PDFmicro format · 45 days late
2017
Incorporation PDFpublished on 08-05-2017
First establishment Veiligheidsstraat 2, Koekelberg

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MINCA was incorporated on 4 May 2017.1 Turnover fell from €210,719 in 2023 to €110,012 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0675.423.965
VAT number
BE 0675.423.965
Peppol ID
0208:0675423965
Other Peppol ID
9925:BE0675423965
Legal form
Private limited company
Status
Active, normal situation
Founded
04-05-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 19:00
deed of 28-12-2023 (in French)
Peppol
Reachable since 19-09-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MINCA in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Bruxelloise”
deed of 28-12-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Expertise en Statistique,Expertise en Programmation de Data Management,Statistique,Expertise en Data Miner,Expertise en Gestion de…”
5 activities
  1. Expertise en Statistique,Expertise en Programmation de Data Management,Statistique,Expertise en Data Miner,Expertise en Gestion de Projets,Expertise dans le domaine de la Santé,Banque,Assurance,Télécoms,Distribution,Énergie,Marketing,Industrie Pharmaceutique,Formation
  2. Le commerce sous toutes ses formes et notamment la fabrication,la transformation,le transport,l’importation,l’exportation,l’achat et la vente en gros ou au détail,y compris par correspondance ou par internet,la représentation et le courtage,de tous produits et marchandises,notamment de tous articles textiles,de chapeaux et de bonnets,d’articles à mailles,d’article de voyage,de maroquinerie et de sellerie,d’articles de décoration,d’objets divers en bois,de jeux et de jouets,d’articles de bijouterie de fantaisie et articles similaires,d’articles céramiques à usage domestique ou ornemental,la reliure et activités annexes
  3. Toutes activités dans le domaine du graphisme,du design et du design graphique,de l’illustration,de la gestion d’impression,de la typographie,du stylisme,de la scénographie,de la conception et de la réalisation de décors,de la création artistique,de soutien à la création artistique,toutes activités des agences de publicité,la création de modèles pour les biens personnels et domestiques
  4. Toutes activités informatiques,la programmation informatique,le conseil informatique,la gestion d’installations informatiques,le traitement de données,l’hébergement et activités connexes
  5. Toutes activités d’enseignement,de formation socio-culturelle,de formation professionnelle,d’enseignement culturel,de disciplines sportives et d’activités de loisir
deed of 28-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Veiligheidsstraat 2 registered office 1081 Koekelberg 2042002 Manufacture of chemicals and chemical products 04-05-2017 2.264.671.668

Buildings and parcels at the address

Ground area
614 m²
Buildings
527 m²
Volume, LiDAR
6,986 m³
Tallest building
16.4 m
Buildings to scale, each on its own parcel
527 m², 16.4 m 527 m², 16.4 m

Location

registered office establishment The establishment unit on the map
7 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21492B0242/00D008614 m² 1 · 527 m² 16.4 m · 5