MINCKE STEFAN
ActiveMINCKE STEFAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €2k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▲+47
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 24.54 against 4.04 in 2023; short-term debt: 3.5% and cash: 26.1% of total assets), and 3.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
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
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
96.5%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
31 d late
2022
86 d late
2021
26 d late
2020
19 d late
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 5.0%
2023 · €39k
2018: €60k
2019: €83k
2020: €105k
2021: €120k
2022: €52k
2023: €39k
2018 → 2024
Total assets
€42k▼ 14.1%
2023 · €49k
2018: €116k
2019: €112k
2020: €130k
2021: €134k
2022: €64k
2023: €49k
2018 → 2024
Net result
€2k
2023 · €-13k
2018: €4k
2019: €23k
2020: €22k
2021: €15k
2022: €-2k
2023: €-13k
2018 → 2024
Working capital
€35k▲ 12.0%
2023 · €32k
2018: €37k
2019: €55k
2020: €74k
2021: €89k
2022: €37k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€120k▲ 14.2%€52k▼ 56.8%€39k▼ 25.0%€41k▲ 5.0%
Operating result€28k-€21k▼ 24.7%€-3k€-12k▼ 287%€4k
Net result€22k-€15k▼ 31.7%€-2k€-13k▼ 457%€2k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€6k▼ 24.9%
Current assets
€37k▼ 12.2%
Equity and liabilities €42k
Equity
€41k▲ 5.0%
Debt
€1k▼ 85.6%
The debt ratio falls from 21.1% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €-8k
Cash flow
€4k▲
2023 · €-10k
Solvency
96.5%▲
2023 · 78.9%
Current ratio
24.54▲
2023 · 4.04
Quick ratio
19.67▲
2023 · 4.04
Debt / equity
0.04▼
2023 · 0.27
ROE
4.7%▲
2023 · -33.3%
ROA
4.6%▲
2023 · -26.3%
Interest coverage
2.70▲
2023 · -4.82
Debt
€1k▼
2023 · €10k
Debt ≤ 1 year
€1k▼
2023 · €10k
Income taxes
€233▲
2023 · €112
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€49k€42k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Land and buildings22€0-
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€984€766▼
Current assets29/58€42k€37k▼
Stocks and contracts in progress3-€7k
Stocks30/36-€4k
Contracts in progress37-€3k
Amounts receivable within one year40/41€17k€17k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€23k€11k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€49k€42k▼
Equity10/15€39k€41k▲
Contributions10/11€6k€6k=
Reserves13€33k€35k▲
Distributable reserves133€33k€35k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€10k€1k▼
Amounts payable within one year42/48€10k€1k▼
Trade debts44€6k€823▼
Suppliers440/4€6k€823▼
Taxes, remuneration and social security45€2k€676▼
Taxes450/3€2k€676▼
Other amounts payable47/48€3k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-7k€7k▲
Operating profit (loss)9901€-12k€4k▲
Financial income75/76B€539€249▼
Recurring financial income75€539€249▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-13k€2k▲
Income taxes67/77€112€233▲
Profit (loss) for the period9904€-13k€2k▲
Profit (loss) for the period to be appropriated9905€-13k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€2k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€13k€0▼
Transfer to equity691/2€0€2k▲
To other reserves6921€0€2k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 24.54
Current ratio from 4.04 to 24.54; short-term debt falls from €10k to €1k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
31-12
Financial
Equity above €100kEq €105k ▲26.4%
3 profitable years in a row build equity to €105k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €23k ▲449%
Operating result €30k, net result €23k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.47
Current ratio from 2.13 to 5.47; short-term debt falls from €33k to €12k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wortegem-Petegem
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.
Kortrijkstraat (P.-E.) 19790 Wortegem-PetegemGround area
3,006 m²
Building footprint
210 m²
Volume, LiDAR
1,081 m³
Parcel 45039C0024/00L003, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45039C0024/00L003 | Flanders | 3,006 m² | 1 · 210 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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GENERAL MB
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Of 4,013 companies in sector 43310 we hold annual accounts for 1,745. 1,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2003
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
41003General construction of other non-residential buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.