MINIMIZE
ActiveSummary
MINIMIZE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €17k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency81▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 5.82 against 2.98 in 2023; short-term debt: 13.2% and cash: 26.3% of total assets), and 43.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
52 d late
2023
85 d late
2022
122 d late
2021
122 d late
2020
122 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€135k▲ 14.2%
2023 · €118k
2019: €43klowest in 6 years
2020: €66k▲ +55.1% vs 2019
2021: €95k▲ +44.3% vs 2020
2022: €100k▲ +4.5% vs 2021
2023: €118k▲ +19.0% vs 2022
2024: €135k▲ +14.2% vs 2023highest in 6 years
2019 → 2024
Total assets
€240k▼ 12.6%
2023 · €274k
2019: €293khighest in 6 years
2020: €252k▼ -14.2% vs 2019
2021: €263k▲ +4.5% vs 2020
2022: €258k▼ -1.8% vs 2021
2023: €274k▲ +6.1% vs 2022
2024: €240k▼ -12.6% vs 2023lowest in 6 years
2019 → 2024
Net result
€17k▼ 10.9%
2023 · €19k
2019: €5k
2020: €43k▲ +747% vs 2019highest in 6 years
2021: €29k▼ -32.7% vs 2020
2022: €4k▼ -85.4% vs 2021lowest in 6 years
2023: €19k▲ +342% vs 2022
2024: €17k▼ -10.9% vs 2023
2019 → 2024
Working capital
€153k▲ 5.6%
2023 · €145k
2019: €-48klowest in 6 years
2020: €136k▲ +384% vs 2019
2021: €159k▲ +16.4% vs 2020highest in 6 years
2022: €133k▼ -15.9% vs 2021
2023: €145k▲ +8.6% vs 2022
2024: €153k▲ +5.6% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€66k-€95k▲ 44.3%€100k▲ 4.5%€118k▲ 19.0%€135k▲ 14.2%
2020: €66klowest in 5 years
2021: €95k▲ +44.3% vs 2020
2022: €100k▲ +4.5% vs 2021
2023: €118k▲ +19.0% vs 2022
2024: €135k▲ +14.2% vs 2023highest in 5 years
Operating result€58k-€50k▼ 14.2%€16k▼ 67.7%€31k▲ 92.5%€28k▼ 10.9%
2020: €58khighest in 5 years
2021: €50k▼ -14.2% vs 2020
2022: €16k▼ -67.7% vs 2021lowest in 5 years
2023: €31k▲ +92.5% vs 2022
2024: €28k▼ -10.9% vs 2023
Net result€43k-€29k▼ 32.7%€4k▼ 85.4%€19k▲ 342%€17k▼ 10.9%
2020: €43khighest in 5 years
2021: €29k▼ -32.7% vs 2020
2022: €4k▼ -85.4% vs 2021lowest in 5 years
2023: €19k▲ +342% vs 2022
2024: €17k▼ -10.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€55k ▼ 2.4%
Current assets
€185k ▼ 15.2%
Equity and liabilities €240k
Equity
€135k ▲ 14.2%
Debt
€104k ▼ 33.0%
Debt's share of the balance-sheet total falls from 56.8% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2023 · €33k
Cash flow
€20k▼
2023 · €21k
Current ratio
5.82▲
2023 · 2.98
Debt to equity
0.77▼
2023 · 1.31
ROE
12.4%▼
2023 · 15.9%
ROA
7.0%▲
2023 · 6.9%
Interest coverage
8.75▼
2023 · 11.88
Debt ≤ 1 year
€32k▼
2023 · €73k
Debt > 1 year
€73k▼
2023 · €83k
Income taxes
€7k▼
2023 · €9k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€274k€240k▼
Fixed assets21/28€56k€55k▼
Tangible fixed assets22/27€56k€55k▼
Land and buildings22€56k€54k▼
Furniture and vehicles24-€1k
Current assets29/58€218k€185k▼
Amounts receivable within one year40/41€83k€107k▲
Trade receivables40€26k€52k▲
Other amounts receivable41€56k€55k▼
Cash at bank and in hand54/58€119k€63k▼
Deferred charges and accrued income490/1€17k€15k▼
Equity and liabilities
Total equity and liabilities10/49€274k€240k▼
Equity10/15€118k€135k▲
Contributions10/11€6k€6k=
Reserves13€112k€129k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€110k€127k▲
Profit (loss) carried forward14€15€17▲
Amounts payable17/49€156k€104k▼
Amounts payable after more than one year17€83k€73k▼
Financial debts170/4€83k€73k▼
Amounts payable within one year42/48€73k€32k▼
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€17k€345▼
Suppliers440/4€17k€345▼
Taxes, remuneration and social security45€46k€22k▼
Taxes450/3€46k€22k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k-
Other operating charges640/8€3k€17k▲
Non-recurring operating charges66A-€163
Gross operating margin9900€47k€48k▲
Operating profit (loss)9901€31k€28k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€28k€24k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€19k€17k▼
Profit (loss) for the period to be appropriated9905€19k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€17k▼
Profit (loss) brought forward from the previous period14P€14€15▲
Transfer to equity691/2€19k€17k▼
To other reserves6921€19k€17k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €2k | €2k | €3k | ▲ 18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €11k | - | - |
| Other operating charges640/8 | - | €2k | €2k | €3k | €17k | ▲ 472% |
| Non-recurring operating charges66A | - | €309 | - | - | €163 | - |
| Gross operating margin9900 | €85k | €54k | €21k | €47k | €48k | ▲ 1.3% |
| Operating profit (loss)9901 | €58k | €50k | €16k | €31k | €28k | ▼ 10.9% |
| Financial income75/76B | - | - | €1 | - | €0 | - |
| Recurring financial income75 | €2k | - | €1 | - | €0 | - |
| Financial charges65/66B | - | €4k | €3k | €3k | €3k | ▲ 23.8% |
| Recurring financial charges65 | €5k | €4k | €3k | €3k | €3k | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €54k | €46k | €13k | €28k | €24k | ▼ 14.3% |
| Transfer from deferred taxes780 | - | - | €22k | - | - | - |
| Income taxes67/77 | €11k | €17k | €31k | €9k | €7k | ▼ 21.2% |
| Profit (loss) for the period9904 | €43k | €29k | €4k | €19k | €17k | ▼ 10.9% |
| Transfer from tax-exempt reserves789 | - | - | €43k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €43k | €29k | €47k | €19k | €17k | ▼ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €263k | €258k | €274k | €240k | ▼ 12.6% |
| Fixed assets21/28 | €64k | €61k | €59k | €56k | €55k | ▼ 2.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €64k | €61k | €59k | €56k | €55k | ▼ 2.4% |
| Land and buildings22 | - | €61k | €59k | €56k | €54k | ▼ 4.2% |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €188k | €202k | €200k | €218k | €185k | ▼ 15.2% |
| Amounts receivable after more than one year29 | - | €156k | €156k | - | - | - |
| Trade receivables290 | - | €156k | €156k | - | - | - |
| Amounts receivable within one year40/41 | €23k | €34k | €43k | €83k | €107k | ▲ 29.5% |
| Trade receivables40 | - | €15k | €17k | €26k | €52k | ▲ 96.6% |
| Other amounts receivable41 | - | €18k | €26k | €56k | €55k | ▼ 1.8% |
| Cash at bank and in hand54/58 | €9k | €13k | €733 | €119k | €63k | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | - | €285 | €17k | €15k | ▼ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €263k | €258k | €274k | €240k | ▼ 12.6% |
| Equity10/15 | €66k | €95k | €100k | €118k | €135k | ▲ 14.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €60k | €89k | €93k | €112k | €129k | ▲ 15.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €43k | - | - | - | - |
| Distributable reserves133 | - | €44k | €91k | €110k | €127k | ▲ 15.2% |
| Profit (loss) carried forward14 | €5 | €11 | €14 | €15 | €17 | ▲ 14.2% |
| Provisions and deferred taxes16 | €22k | €22k | - | - | - | - |
| Deferred taxes168 | - | €22k | - | - | - | - |
| Amounts payable17/49 | €163k | €145k | €159k | €156k | €104k | ▼ 33.0% |
| Amounts payable after more than one year17 | €112k | €102k | €92k | €83k | €73k | ▼ 12.1% |
| Financial debts170/4 | - | €102k | €92k | €83k | €73k | ▼ 12.1% |
| Amounts payable within one year42/48 | €52k | €43k | €66k | €73k | €32k | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €10k | €10k | €10k | ▼ 0.8% |
| Trade debts44 | €743 | €111 | €448 | €17k | €345 | ▼ 97.9% |
| Suppliers440/4 | - | €111 | €448 | €17k | €345 | ▼ 97.9% |
| Taxes, remuneration and social security45 | - | €34k | €56k | €46k | €22k | ▼ 53.5% |
| Taxes450/3 | - | €34k | €56k | €46k | €22k | ▼ 53.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €29k | €4k | €19k | €17k | ▼ 10.9% |
| + Depreciation and write-downs630 | €4k | €3k | €2k | €2k | €3k | ▲ 18.3% |
| Operating cash flow (approximation) | €48k | €32k | €7k | €21k | €20k | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1k | - |
| Change in cash | - | €4k | €-12k | €118k | €-56k | ▼ 147% |
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
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Equity above €100kEq €118k ▲19%
5 profitable years in a row build equity to €118k.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
31-12
Financial
Weakest financial yearnet €4k ▼85.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Highest result since 2019net €43k ▲747%
Operating result €58k, net result €43k, both a record.
31-12
Financial
Liquidity times 7current ratio 3.63
Current ratio from 0.53 to 3.63; short-term debt falls from €103k to €52k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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.
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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, Genappe · 1 establishment unit since 2007
Ground area
368 m²
Building footprint
74 m²
Volume, LiDAR
565 m³
Parcel 25013E0327/00V002, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MINIMIZE
since 20072.163.779.691
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013E0327/00V002 | Wallonia | 368 m² | 1 · 74 m² | 8.8 m · 3 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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,530 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
Founded08-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.