Mingneau
ActiveMingneau has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.75M and a net result of €444k. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+3
Solvency84▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 1.95 in 2024; short-term debt: 8.2% and cash: 7.8% of total assets), and 40.5% of the assets are financed with debt.
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
raises risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
15.1%
Age of the figures
18 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
27 d early
2023
7 d early
2022
3 d early
2021
14 d late
2020
17 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.75M▲ 34.0%
2024 · €1.31M
2019: €170k
2020: €295k
2021: €542k
2022: €722k
2023: €954k
2024: €1.31M
2019 → 2025
Total assets
€2.94M▲ 10.5%
2024 · €2.66M
2019: €563k
2020: €617k
2021: €1.83M
2022: €2.52M
2023: €2.54M
2024: €2.66M
2019 → 2025
Net result
€444k▲ 26.0%
2024 · €352k
2019: €151k
2020: €125k
2021: €248k
2022: €180k
2023: €232k
2024: €352k
2019 → 2025
Working capital
€746k▲ 167%
2024 · €280k
2019: €-20k
2020: €54k
2021: €-196k
2022: €-63k
2023: €128k
2024: €280k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€542k-€722k▲ 33.1%€954k▲ 32.1%€1.31M▲ 37.0%€1.75M▲ 34.0%
Operating result€252k-€209k▼ 17.0%€297k▲ 41.8%€484k▲ 63.2%€596k▲ 23.3%
Net result€248k-€180k▼ 27.5%€232k▲ 29.2%€352k▲ 52.0%€444k▲ 26.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.94M
Fixed assets
€1.96M▼ 6.4%
Current assets
€987k▲ 71.8%
Equity and liabilities €2.94M
Equity
€1.75M▲ 34.0%
Debt
€1.19M▼ 12.1%
The debt ratio falls from 51.0% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€767k▲
2024 · €655k
Cash flow
€615k▲
2024 · €523k
Solvency
59.5%▲
2024 · 49.0%
Current ratio
4.11▲
2024 · 1.95
Quick ratio
3.79▲
2024 · 1.70
Debt / equity
0.68▼
2024 · 1.04
ROE
25.4%▼
2024 · 27.0%
ROA
15.1%▲
2024 · 13.2%
Interest coverage
45.45▲
2024 · 32.80
Debt
€1.19M▼
2024 · €1.36M
Debt ≤ 1 year
€240k▼
2024 · €294k
Debt > 1 year
€927k▼
2024 · €1.06M
Income taxes
€146k▲
2024 · €112k
Staff costs
€634k▲
2024 · €608k
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€2.66M€2.94M▲
Fixed assets21/28€2.09M€1.96M▼
Intangible fixed assets21€40€30▼
Tangible fixed assets22/27€2.09M€1.96M▼
Land and buildings22€1.98M€1.84M▼
Plant, machinery and equipment23€111k€112k▲
Furniture and vehicles24€409€237▼
Financial fixed assets28€500€500=
Current assets29/58€574k€987k▲
Stocks and contracts in progress3€73k€76k▲
Stocks30/36€73k€76k▲
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€763€1k▲
Current investments50/53€300k€674k▲
Cash at bank and in hand54/58€194k€228k▲
Deferred charges and accrued income490/1€286€265▼
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.94M▲
Equity10/15€1.31M€1.75M▲
Contributions10/11€19k€19k=
Reserves13€385k€1.73M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€109k€244k▲
Distributable reserves133€276k€1.49M▲
Profit (loss) carried forward14€902k€0▼
Amounts payable17/49€1.36M€1.19M▼
Amounts payable after more than one year17€1.06M€927k▼
Financial debts170/4€1.06M€927k▼
Amounts payable within one year42/48€294k€240k▼
Current portion of amounts payable after more than one year42€136k€136k=
Trade debts44€103k€56k▼
Suppliers440/4€103k€56k▼
Taxes, remuneration and social security45€50k€42k▼
Taxes450/3€21k€13k▼
Remuneration and social security454/9€29k€30k▲
Other amounts payable47/48€5k€5k▲
Accrued charges and deferred income492/3€781€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62€608k€634k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€171k▼
Other operating charges640/8€8k€14k▲
Gross operating margin9900€1.27M€1.41M▲
Operating profit (loss)9901€484k€596k▲
Financial income75/76B€41€11k▲
Recurring financial income75€41€11k▲
Financial charges65/66B€20k€17k▼
Recurring financial charges65€20k€17k▼
Profit (loss) for the period before taxes9903€464k€590k▲
Income taxes67/77€112k€146k▲
Profit (loss) for the period9904€352k€444k▲
Transfer to tax-exempt reserves689€109k€135k▲
Profit (loss) for the period to be appropriated9905€243k€309k▲
Appropriation of the result
Profit (loss) to be appropriated9906€902k€309k▼
Profit (loss) brought forward from the previous period14P€659k€0▼
Transfer from equity791/2-€902k
Transfer to equity691/2-€1.21M
To other reserves6921-€1.21M
Social balance
Average headcount (FTE)9087-28.6
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €444k ▲26%
Operating result €596k, net result €444k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.95 to 4.11; short-term debt falls from €294k to €240k.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €1MEq €1.31M ▲37%
6 profitable years in a row build equity to €1.31M.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
31-03
Financial
Equity above €500kEq €542k ▲84.1%
3 profitable years in a row build equity to €542k.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
31-03
Financial
Weakest financial yearnet €125k ▼17.8%
Net result drops to €125k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €200kEq €295k ▲73.2%
2 profitable years in a row build equity to €295k.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wervik · 1 establishment unit since 2018
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.
Geluwestraat 1308940 WervikGround area
1,427 m²
Building footprint
876 m²
Volume, LiDAR
3,450 m³
Parcel 33029A0661/00A000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mingneau
since 20182.273.932.891
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029A0661/00A000 | Flanders | 1,427 m² | 1 · 876 m² | 10.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 5,313 EUR awarded · 5,313 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 5,313 EUR |
| 2022 | 1 | 5,313 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.273.932.891
Legal Entity Identifier
64882L24U3QG2LF06T42
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 562 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2018
Fiscal year end31-03
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.mingneau.be