Minestrone-ART

Active

Private limited companyfounded 20215 yrs activeOnderbos 3, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0769.453.686

The computed 12-month bankruptcy probability of Minestrone-ART is 1.7% (moderate). The 2025 annual accounts show equity of €36k and a net result of €19k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 18040 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

71 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability89▲+35

Solvency56▲+15

Growth78▲+46

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity short (current ratio 0.97 against 0.58 in 2024; short-term debt: 50.7% and cash: 42.4% of total assets), and 68.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

31.3%

Return on assets

16.4%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

28 d early

2024

70 d early

2023

23 d late

2022

24 d early

2021

40 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€36k▲ 110%

2024 · €17k

2021: €21k 2022: €36k 2023: €26k 2024: €17k

2021 → 2025

Total assets

€116k▲ 4.3%

2024 · €112k

2021: €98k 2022: €103k 2023: €78k 2024: €112k

2021 → 2025

Net result

€19k

2024 · €-9k

2021: €18k 2022: €15k 2023: €-9k 2024: €-9k

2021 → 2025

Working capital

€-2k▲ 93.6%

2024 · €-27k

2021: €-8k 2022: €3k 2023: €2k 2024: €-27k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€21k-€36k▲ 73.0%€26k▼ 25.9%€17k▼ 34.4%€36k▲ 110%

Operating result€27k-€22k▼ 16.7%€-10k€-7k▲ 28.7%€24k

Net result€18k-€15k▼ 14.5%€-9k€-9k▲ 1.7%€19k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €24k after a loss of €7k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €116k

50.8%

49.2%

Fixed assets €59k▼ 20.7%

Current assets €57k▲ 54.5%

Equity and liabilities €116k

31.3%

68.7%

Equity €36k▲ 110%

Debt €80k▼ 15.2%

The debt ratio falls from 84.5% to 68.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€41k▲

2024 · €11k

Cash flow

€37k▲

2024 · €8k

Solvency

31.3%▲

2024 · 15.5%

Current ratio

0.97▲

2024 · 0.58

Quick ratio

0.93▲

2024 · 0.51

Debt / equity

2.20▼

2024 · 5.44

ROE

52.4%▲

2024 · -52.3%

ROA

16.4%▲

2024 · -8.1%

Interest coverage

26.99▲

2024 · 5.43

Debt

€80k▼

2024 · €94k

Debt ≤ 1 year

€59k▼

2024 · €64k

Debt > 1 year

€21k▼

2024 · €31k

Income taxes

€3k▲

2024 · €166

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€112k€116k▲

Fixed assets21/28€75k€59k▼

Tangible fixed assets22/27€75k€59k▼

Land and buildings22€26k€22k▼

Furniture and vehicles24€49k€37k▼

Current assets29/58€37k€57k▲

Stocks and contracts in progress3€4k€2k▼

Stocks30/36€4k€2k▼

Amounts receivable within one year40/41€13k€6k▼

Trade receivables40€2k€2k▼

Other amounts receivable41€11k€4k▼

Cash at bank and in hand54/58€19k€49k▲

Equity and liabilities

Total equity and liabilities10/49€112k€116k▲

Equity10/15€17k€36k▲

Contributions10/11€3k€3k=

Reserves13€33k€33k=

Distributable reserves133€33k€33k=

Profit (loss) carried forward14€-18k€780▲

Amounts payable17/49€94k€80k▼

Amounts payable after more than one year17€31k€21k▼

Financial debts170/4€31k€21k▼

Amounts payable within one year42/48€64k€59k▼

Current portion of amounts payable after more than one year42€9k€10k▲

Trade debts44€27k€49k▲

Suppliers440/4€27k€49k▲

Taxes, remuneration and social security45€1k€750▼

Taxes450/3€1k€750▼

Other amounts payable47/48€26k-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k

Other operating charges640/8€2k€2k▼

Gross operating margin9900€13k€46k▲

Operating profit (loss)9901€-7k€24k▲

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€2k€2k▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€-9k€22k▲

Income taxes67/77€166€3k▲

Profit (loss) for the period9904€-9k€19k▲

Profit (loss) for the period to be appropriated9905€-9k€19k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-18k€780▲

Profit (loss) brought forward from the previous period14P€-9k€-18k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €19k

Net result €19k after 2 loss-making years.

22-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

2023

31-12

Financial Weakest financial yearnet €-9k ▼161%

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Oudenaarde · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Onderbos 39700 Oudenaarde

Ground area

7,637 m²

Building footprint

201 m²

Volume, LiDAR

909 m³

Parcel 45023A1139/00G000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Minestrone-ART

Onderbos 3, 9700 OudenaardeManufacture of textiles

since 20212.318.078.680

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45023A1139/00G000	Flanders	7,637 m²	1 · 201 m²	7.1 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.

Similar companies · same sector, comparable size

SABRIN

BE 0657.947.139

Sint-Niklaas · Eq €36k

Of 277 companies in sector 47519 we hold annual accounts for 130. 107 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-06-2021

Fiscal year end31-12

Activities, NACEBEL

47519Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Website:www.minestrone-art.com

Enterprise