MINESTRONE
ActiveSummary
MINESTRONE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-264k) and a net result of €-5k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-79
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.31 in 2024; short-term debt: 489.3% and cash: 3.7% of total assets), and equity is negative.
Credit check 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 · 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 2025Solvency, return and age of the figures
Solvency
-389.3%
Return on assets
-6.7%
Age of the figures
15 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-264k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
45 d early
2023
55 d early
2022
56 d early
2021
47 d early
2020
45 d early
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-264k▼ 1.8%
2024 · €-259k
2019: €-393k
2020: €-415k▼ -5.6% vs 2019lowest in 7 years
2021: €-353k▲ +14.8% vs 2020
2022: €-314k▲ +11.1% vs 2021
2023: €-288k▲ +8.2% vs 2022
2024: €-259k▲ +10.2% vs 2023highest in 7 years
2025: €-264k▼ -1.8% vs 2024
2019 → 2025
Total assets
€68k▼ 6.2%
2024 · €72k
2019: €74k
2020: €55k▼ -25.5% vs 2019lowest in 7 years
2021: €58k▲ +4.8% vs 2020
2022: €76k▲ +30.9% vs 2021highest in 7 years
2023: €69k▼ -9.5% vs 2022
2024: €72k▲ +4.9% vs 2023
2025: €68k▼ -6.2% vs 2024
2019 → 2025
Net result
€-5k
2024 · €29k
2019: €-35klowest in 7 years
2020: €-22k▲ +37.8% vs 2019
2021: €62k▲ +378% vs 2020highest in 7 years
2022: €39k▼ -36.0% vs 2021
2023: €26k▼ -34.9% vs 2022
2024: €29k▲ +14.6% vs 2023
2025: €-5k▼ -116% vs 2024
2019 → 2025
Working capital
€-264k▼ 65.8%
2024 · €-159k
2019: €-312k
2020: €-132k▲ +57.7% vs 2019highest in 7 years
2021: €-328k▼ -148% vs 2020lowest in 7 years
2022: €-214k▲ +34.8% vs 2021
2023: €-188k▲ +12.0% vs 2022
2024: €-159k▲ +15.6% vs 2023
2025: €-264k▼ -65.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-353k-€-314k▲ 11.1%€-288k▲ 8.2%€-259k▲ 10.2%€-264k▼ 1.8%
2021: €-353klowest in 5 years
2022: €-314k▲ +11.1% vs 2021
2023: €-288k▲ +8.2% vs 2022
2024: €-259k▲ +10.2% vs 2023highest in 5 years
2025: €-264k▼ -1.8% vs 2024
Operating result€62k-€43k▼ 30.4%€30k▼ 30.6%€34k▲ 13.9%€-7k
2021: €62khighest in 5 years
2022: €43k▼ -30.4% vs 2021
2023: €30k▼ -30.6% vs 2022
2024: €34k▲ +13.9% vs 2023
2025: €-7k▼ -120% vs 2024lowest in 5 years
Net result€62k-€39k▼ 36.0%€26k▼ 34.9%€29k▲ 14.6%€-5k
2021: €62khighest in 5 years
2022: €39k▼ -36.0% vs 2021
2023: €26k▼ -34.9% vs 2022
2024: €29k▲ +14.6% vs 2023
2025: €-5k▼ -116% vs 2024lowest in 5 years
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 €7k after €34k in 2024, the lowest result in the available series.
Key figures and ratios
Solvency
-389.3%▼
2024 · -358.7%
Current ratio
0.20▼
2024 · 0.31
Quick ratio
0.03▼
2024 · 0.05
Debt to equity
-1.26▲
2024 · -1.28
ROA
-6.7%▼
2024 · 40.7%
Debt
€331k=
2024 · €331k
Debt ≤ 1 year
€331k▲
2024 · €231k
Debt > 1 year
€0▼
2024 · €100k
Staff costs
€23
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€68k▼
Current assets29/58€72k€68k▼
Stocks and contracts in progress3€60k€57k▼
Stocks30/36€60k€57k▼
Amounts receivable within one year40/41€6k€8k▲
Trade receivables40€1k€7k▲
Other amounts receivable41€5k€659▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€72k€68k▼
Equity10/15€-259k€-264k▼
Contributions10/11€104k€104k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-366k€-371k▼
Amounts payable17/49€331k€331k=
Amounts payable after more than one year17€100k€0▼
Financial debts170/4€100k€0▼
Amounts payable within one year42/48€231k€331k▲
Trade debts44€45k€61k▲
Suppliers440/4€45k€61k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€184k€271k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€23
Other operating charges640/8€552€507▼
Gross operating margin9900€35k€-6k▼
Operating profit (loss)9901€34k€-7k▼
Financial income75/76B€121€3k▲
Recurring financial income75€121€3k▲
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€29k€-5k▼
Profit (loss) for the period9904€29k€-5k▼
Profit (loss) for the period to be appropriated9905€29k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-366k€-371k▼
Profit (loss) brought forward from the previous period14P€-396k€-366k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €23 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €206 | - | - | - | - | - |
| Other operating charges640/8 | - | €450 | €457 | €552 | €507 | ▼ 8.2% |
| Gross operating margin9900 | €62k | €43k | €30k | €35k | €-6k | ▼ 118% |
| Operating profit (loss)9901 | €62k | €43k | €30k | €34k | €-7k | ▼ 120% |
| Financial income75/76B | - | - | €53 | €121 | €3k | ▲ 2,677% |
| Recurring financial income75 | - | - | €53 | €121 | €3k | ▲ 2,677% |
| Financial charges65/66B | - | €4k | €4k | €5k | €1k | ▼ 75.3% |
| Recurring financial charges65 | €236 | €4k | €4k | €5k | €1k | ▼ 75.3% |
| Profit (loss) for the period before taxes9903 | €62k | €39k | €26k | €29k | €-5k | ▼ 116% |
| Profit (loss) for the period9904 | €62k | €39k | €26k | €29k | €-5k | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €62k | €39k | €26k | €29k | €-5k | ▼ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58k | €76k | €69k | €72k | €68k | ▼ 6.2% |
| Current assets29/58 | €58k | €76k | €69k | €72k | €68k | ▼ 6.2% |
| Stocks and contracts in progress3 | €48k | €47k | €47k | €60k | €57k | ▼ 4.6% |
| Stocks30/36 | - | €47k | €47k | €60k | €57k | ▼ 4.6% |
| Amounts receivable within one year40/41 | €3k | €18k | €5k | €6k | €8k | ▲ 32.9% |
| Trade receivables40 | - | €18k | €873 | €1k | €7k | ▲ 477% |
| Other amounts receivable41 | - | - | €4k | €5k | €659 | ▼ 85.8% |
| Cash at bank and in hand54/58 | €8k | €11k | €17k | €4k | €2k | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58k | €76k | €69k | €72k | €68k | ▼ 6.2% |
| Equity10/15 | €-353k | €-314k | €-288k | €-259k | €-264k | ▼ 1.8% |
| Contributions10/11 | - | €104k | €104k | €104k | €104k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €-461k | €-421k | €-396k | €-366k | €-371k | ▼ 1.2% |
| Amounts payable17/49 | €411k | €390k | €357k | €331k | €331k | = |
| Amounts payable after more than one year17 | - | €100k | €100k | €100k | €0 | ▼ 100% |
| Financial debts170/4 | - | €100k | €100k | €100k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €386k | €290k | €257k | €231k | €331k | ▲ 43.3% |
| Trade debts44 | €47k | €56k | €38k | €45k | €61k | ▲ 33.0% |
| Suppliers440/4 | - | €56k | €38k | €45k | €61k | ▲ 33.0% |
| Taxes, remuneration and social security45 | - | €2k | €1k | €1k | - | - |
| Taxes450/3 | - | €2k | €1k | €1k | - | - |
| Other amounts payable47/48 | - | €232k | €218k | €184k | €271k | ▲ 46.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €39k | €26k | €29k | €-5k | ▼ 116% |
| + Depreciation and write-downs630 | €206 | - | - | - | - | - |
| Operating cash flow (approximation) | €62k | €39k | €26k | €29k | €-5k | ▼ 116% |
| Change in cash | - | €4k | €6k | €-13k | €-2k | ▲ 87.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 2001
Ground area
1,632 m²
Building footprint
394 m²
Volume, LiDAR
1,626 m³
Parcel 11513C1323/00A000, Flanders · tallest building 26.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Minestrone
since 20012.100.233.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C1323/00A000 | Flanders | 1,632 m² | 1 · 394 m² | 26.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CROUSSE GRAPHIC
BE 0478.050.147
Charleroi · Eq €98,229
Uitgeverij Plataan
BE 0760.335.290
Antwerpen · Eq €97,365
LAFIG BELGIUM
BE 0873.555.967
Rixensart · Eq €96,601
Weerwoord
BE 1019.054.086
Heist-op-den-Berg · Eq €100,098
CAROLE EQUETER SOCIETY
BE 0507.983.555
Ath · Eq €100,465
Of 1,112 companies in sector 58110 we hold annual accounts for 363. 276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-02-2001
Fiscal year end30-06
Activities, NACEBEL 2025
58110Book publishing
Scores and ratios are computed by Checked and are not a credit decision.