MINI SHOE
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-08-2022 was due by 30-03-2023 and was filed on 05-07-2023, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2022
97 d late
2021
86 d early
2020
75 d early
2019
95 d early
2018
65 d early
2017
27 d early
2016
500 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
Financials · fiscal year 2022, abbreviated schema
Turnover
€40,232▼ 27.5%
2021 · €55,499
EBIT margin
-97.0%▼ 24.0pp
2021 · -73.0%
Net result
-€115,258▼ 184%
2021 · -€40,587
Working capital
-€137,470▼ 317%
2021 · -€32,944
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€55,499€40,232▼ 27.5%
Operating result€27,636-€35,646▲ 29.0%€34,287▼ 3.8%-€40,513-€39,012▲ 3.7%
Net result€18,883-€22,149▲ 17.3%€25,106▲ 13.4%-€40,587-€115,258▼ 184%
EBIT margin-73.0%-97.0%▼ 24.0pp
Equity€104,687-€126,836▲ 21.2%€111,942▼ 11.7%€71,355▼ 36.3%€563,560▲ 690%
Total assets€138,572-€143,492▲ 3.6%€153,713▲ 7.1%€152,474▼ 0.8%€756,354▲ 396%
Debt€33,885-€16,656▼ 50.8%€41,771▲ 151%€81,119▲ 94.2%€192,794▲ 138%
Working capital-€28,785-€1,260€820▼ 34.9%-€32,944-€137,470▼ 317%
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 stays negative: a loss of €39,012 in 2022 against €40,513 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €756,354
Fixed assets
€705,097 ▲ 574%
Current assets
€51,257 ▲ 7.1%
Equity and liabilities €756,354
Equity
€563,560 ▲ 690%
Debt
€192,794 ▲ 138%
Debt's share of the balance-sheet total falls from 53.2% to 25.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€32,027▼
2021 · -€30,035
Cash flow
-€108,273▼
2021 · -€30,109
Current ratio
0.27▼
2021 · 0.59
Debt to equity
0.34▼
2021 · 1.14
ROE
-20.5%▲
2021 · -56.9%
ROA
-15.2%▲
2021 · -26.6%
Interest coverage
-55.80▲
2021 · -405.28
Debt ≤ 1 year
€188,727▲
2021 · €80,799
Income taxes
€75,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €55,499 | €40,232 | ▼ 27.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €77,672 | €71,911 | ▼ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,351 | €10,478 | €10,478 | €10,478 | €6,985 | ▼ 33.3% |
| Other operating charges640/8 | - | - | - | €7,861 | €348 | ▼ 95.6% |
| Gross operating margin9900 | €46,908 | €53,824 | €52,571 | -€22,174 | -€31,679 | ▼ 42.9% |
| Operating profit (loss)9901 | €27,636 | €35,646 | €34,287 | -€40,513 | -€39,012 | ▲ 3.7% |
| Financial charges65/66B | - | - | - | €74 | €574 | ▲ 675% |
| Recurring financial charges65 | €39 | €39 | €42 | €74 | €574 | ▲ 675% |
| Profit (loss) for the period before taxes9903 | €27,597 | €35,607 | €34,245 | -€40,587 | -€39,586 | ▲ 2.5% |
| Income taxes67/77 | €8,714 | €13,458 | €9,139 | - | €75,672 | - |
| Profit (loss) for the period9904 | €18,883 | €22,149 | €25,106 | -€40,587 | -€115,258 | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | €18,883 | €22,149 | €25,106 | -€40,587 | -€115,258 | ▼ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,572 | €143,492 | €153,713 | €152,474 | €756,354 | ▲ 396% |
| Fixed assets21/28 | €133,472 | €125,576 | €115,098 | €104,619 | €705,097 | ▲ 574% |
| Tangible fixed assets22/27 | €133,472 | €125,576 | €115,098 | €104,619 | €705,097 | ▲ 574% |
| Land and buildings22 | - | - | - | €104,619 | €705,097 | ▲ 574% |
| Current assets29/58 | €5,100 | €17,916 | €38,615 | €47,855 | €51,257 | ▲ 7.1% |
| Amounts receivable within one year40/41 | - | - | - | €7,514 | €8,395 | ▲ 11.7% |
| Trade receivables40 | - | - | - | €7,514 | €4,067 | ▼ 45.9% |
| Other amounts receivable41 | - | - | - | - | €4,328 | - |
| Cash at bank and in hand54/58 | €5,100 | €17,916 | €38,615 | €40,341 | €35,165 | ▼ 12.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €7,697 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,572 | €143,492 | €153,713 | €152,474 | €756,354 | ▲ 396% |
| Equity10/15 | €104,687 | €126,836 | €111,942 | €71,355 | €563,560 | ▲ 690% |
| Contributions10/11 | €24,789 | €24,789 | - | €24,789 | €24,789 | = |
| Revaluation surpluses12 | - | - | - | - | €607,464 | - |
| Reserves13 | €2,479 | €24,628 | €24,628 | €24,627 | €24,627 | = |
| Non-distributable reserves130/1 | - | - | - | €2,479 | €2,479 | = |
| Reserves not available under the articles1311 | - | - | - | €2,479 | €2,479 | = |
| Distributable reserves133 | - | - | - | €22,148 | €22,148 | = |
| Profit (loss) carried forward14 | €77,419 | €77,419 | €62,525 | €21,938 | -€93,320 | ▼ 525% |
| Amounts payable17/49 | €33,885 | €16,656 | €41,771 | €81,119 | €192,794 | ▲ 138% |
| Amounts payable within one year42/48 | €33,885 | €16,656 | €37,795 | €80,799 | €188,727 | ▲ 134% |
| Trade debts44 | €900 | €928 | - | €80,631 | €138,429 | ▲ 71.7% |
| Suppliers440/4 | - | - | - | €80,631 | €138,429 | ▲ 71.7% |
| Other amounts payable47/48 | - | - | - | €168 | €50,298 | ▲ 29,805% |
| Accrued charges and deferred income492/3 | - | - | - | €321 | €4,067 | ▲ 1,169% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,883 | €22,149 | €25,106 | -€40,587 | -€115,258 | ▼ 184% |
| + Depreciation and write-downs630 | €14,351 | €10,478 | €10,478 | €10,478 | €6,985 | ▼ 33.3% |
| Operating cash flow (approximation) | €33,234 | €32,627 | €35,584 | -€30,109 | -€108,273 | ▼ 260% |
| Investment in fixed assets (approximation) | - | -€2,582 | €0 | €1 | -€607,463 | ▼ 110,447,849% |
| Change in cash | - | €12,816 | €20,699 | €1,726 | -€5,176 | ▼ 400% |
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
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 97 days late
2022
15-09
State Gazette act
General meeting · Merger
Accounting effect · Statutes amendment · Annelies Ghesquière
30-08
Financial
Weakest financial yearnet -€115,258
Net result drops to -€115,258, the lowest in the series.
30-08
Financial
Equity above €500,000Eq €563,560 ▲690%
Equity rises from €71,355 to €563,560.
22-07
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25,106 ▲13.4%
Net result €25,106, the highest in the series.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 7current ratio 1.08
Current ratio from 0.15 to 1.08; short-term debt falls from €33,885 to €16,656.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
21-01
KBO administration
Strikeout withdrawal
event 13-12-2018
Show earlier events
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 500 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 865 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 1231 days late
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2014
30-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 91 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
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Structure & network
Owners and holdings
1 ownerChain of control
- Forum Estates Holding
- FORUM ESTATES
- MINI SHOE
Highest known parent: Forum Estates Holding. The sources do not say who stands above it.
Owners 1
- FORUM ESTATESparentSourceact 22-07-2022100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Forum Estates
Identification & contact
Identification
Legal formBV
Fiscal year end30-08
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.