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Complete company report
Generated 30-07-2026
Active BE 0438.351.314Public limited company

MINCO

Lindestraat 2A ·3380 Glabbeek, Belgium· 36 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of MINCO is 0.7% (low). The 2024 annual accounts show equity of €2k and a net result of €27k. Equity is growing by ~19% per year across the filed fiscal years. The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €2k
Net result €27k
Active 36 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health51Profitability100Solvency1Growth78Stability100
66 / 100

Strong profile, led by profitability.

Health 51
Profitability 100
Solvency 1
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1989, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
51 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2024 · micro
€-200k€-150k€-100k€-50k€0€50kOperating result 2020: €6k€6kNet result 2020: €-162k€-162kOperating result 2021: €4k€4kNet result 2021: €3k€3kOperating result 2022: €2k€2kNet result 2022: €2k€2kOperating result 2023: €-2k€-2kNet result 2023: €-2k€-2kOperating result 2024: €28k€28kNet result 2024: €27k€27k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~19%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-60k€-40k€-20k€0€20k2025: €-6k (€-9k - €-3k)2026: €-1k (€-7k - €4k)2027: €4k (€-4k - €11k)2018: €-42k2019: €-36k2020: €-29k2021: €-26k2022: €-24k2023: €-25k2024: €2k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€30k
+2577.5% 18-24
Net profit
€27k
- 18-24
Cash flow
€29k
+2708.4% 18-24
Total assets
€142k
+8.8% 18-24
Equity
€2k
- 18-24
Working capital
€-116k
+20.2% 18-24
Debt
€140k
-10.3% 18-24
Debt ≤ 1y
€140k
-10.3% 18-24
Current ratio
0.17
+158.3% 18-24
Quick ratio
0.17
+158.3% 18-24
Solvency
1.4%
- 18-24
Debt / equity
70.57
- 18-24
ROE
1385.7%
+20123.5% 18-24
ROA
19.4%
- 18-24
Interest coverage
410.56
+1908.2% 18-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€30k
Net profit€27k
Cash flow€29k
Staff costs-
Income taxes-
Dividends-
Total assets€142k
Equity€2k
Debt€140k
of which ≤ 1y€140k
of which > 1y-
Working capital€-116k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.17
Quick ratio0.17
Working capital ratio-81.9%
Solvency1.4%
Debt / equity70.57
Long-term debt ratio-
Interest coverage410.56
Gross margin-
Net margin-
ROA19.4%
ROE1385.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€142k
Fixed assets 21/28€118k
Tangible fixed assets 22/27€118k
Current assets 29/58€24k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€142k
Equity 10/15€2k
Contributions / capital 10/11€62k
Accumulated profits (losses) 14€-131k
Amounts payable 17/49€140k
Amounts payable within one year 42/48€140k
Income statement
Gross operating margin 9900€34k
Operating result 9901€28k
Financial charges 65€72
Result before taxes 9903€27k
Net result for the period 9904€27k
Result to be appropriated 9905€27k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation10-09-1989
StatusActive
Postal code3380
Establishment units 1 location
Culostraat(OPV) 44, 3360 Bierbeek
Verhuur van woningen, exclusief sociale woningen
since 19932.048.490.342
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24018D0030/00V008 Flanders 2,253 m² 1 · 197 m² 10.2 m · 2 fl.
24713D0100/00M000 Flanders 1,145 m² 1 · 372 m² 8.0 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
16-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
27-12-2022
State Gazette act Director changes
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
27-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
29-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
10-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
27-12-2022 3 directors appointed, 3 resigning, 3 reappointed Director changes
  • Jean Chaltin, Afgevaardigd bestuurder
  • Godelieve Nys, Afgevaardigd bestuurder
  • Deborah Bergmans, Afgevaardigd bestuurder
  • Deborah Bergmans, Bestuurder
  • Jean Chaltin, Bestuurder
  • Godelieve Nys, Bestuurder
  • Deborah Bergmans, Bestuurder
  • Jean Chaltin, Bestuurder
Technical details 
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL MINCO
Registered office
Lindestraat 2A
3380 Glabbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative