MINNART
ActiveMINNART has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €912k and a net result of €98k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78=
Solvency91▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 2.99 in 2023; short-term debt: 25.9% and cash: 4.9% of total assets), and 33.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
66.2%
Return on assets
7.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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
64 d late
2023
223 d late
2022
326 d late
2021
607 d late
2020
30 d late
2019
216 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€912k▲ 12.0%
2023 · €814k
2018: €671k
2019: €674k
2020: €600k
2021: €622k
2022: €730k
2023: €814k
2018 → 2024
Total assets
€1.38M▲ 15.9%
2023 · €1.19M
2018: €952k
2019: €922k
2020: €801k
2021: €862k
2022: €1.02M
2023: €1.19M
2018 → 2024
Net result
€98k▲ 16.1%
2023 · €84k
2018: €7k
2019: €3k
2020: €-74k
2021: €23k
2022: €108k
2023: €84k
2018 → 2024
Working capital
€815k▲ 10.4%
2023 · €739k
2018: €594k
2019: €607k
2020: €543k
2021: €555k
2022: €661k
2023: €739k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€600k-€622k▲ 3.8%€730k▲ 17.3%€814k▲ 11.5%€912k▲ 12.0%
Operating result€-77k-€31k€133k▲ 328%€125k▼ 6.1%€118k▼ 4.9%
Net result€-74k-€23k€108k▲ 374%€84k▼ 22.1%€98k▲ 16.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets
€205k▲ 163%
Current assets
€1.17M▲ 5.6%
Equity and liabilities €1.38M
Equity
€912k▲ 12.0%
Debt
€465k▲ 24.6%
The debt ratio rises from 31.4% to 33.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159k▲
2023 · €145k
Cash flow
€138k▲
2023 · €105k
Solvency
66.2%▼
2023 · 68.6%
Current ratio
3.28▲
2023 · 2.99
Quick ratio
2.46▲
2023 · 2.15
Debt / equity
0.51▲
2023 · 0.46
ROE
10.7%▲
2023 · 10.3%
ROA
7.1%▲
2023 · 7.1%
Interest coverage
14.92▼
2023 · 24.47
Debt
€465k▲
2023 · €374k
Debt ≤ 1 year
€357k▼
2023 · €371k
Debt > 1 year
€106k
Income taxes
€14k▼
2023 · €38k
Staff costs
€59k▲
2023 · €25k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.19M€1.38M▲
Fixed assets21/28€78k€205k▲
Tangible fixed assets22/27€72k€199k▲
Plant, machinery and equipment23€45k€36k▼
Furniture and vehicles24€18k€20k▲
Leasing and similar rights25-€136k
Other tangible fixed assets26€9k€6k▼
Financial fixed assets28€6k€6k=
Current assets29/58€1.11M€1.17M▲
Stocks and contracts in progress3€311k€295k▼
Stocks30/36€311k€295k▼
Amounts receivable within one year40/41€747k€808k▲
Trade receivables40€669k€743k▲
Other amounts receivable41€78k€65k▼
Cash at bank and in hand54/58€47k€67k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.38M▲
Equity10/15€814k€912k▲
Contributions10/11€19k€19k=
Reserves13€796k€893k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€7k€7k=
Distributable reserves133€786k€886k▲
Amounts payable17/49€374k€465k▲
Amounts payable after more than one year17-€106k
Financial debts170/4-€106k
Amounts payable within one year42/48€371k€357k▼
Current portion of amounts payable after more than one year42€2k€16k▲
Financial debts43€50k€50k=
Other loans439€50k€50k=
Trade debts44€223k€206k▼
Suppliers440/4€223k€206k▼
Taxes, remuneration and social security45€96k€86k▼
Taxes450/3€90k€73k▼
Remuneration and social security454/9€6k€13k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Remuneration, social security and pensions62€25k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€41k▲
Other operating charges640/8€8k€24k▲
Gross operating margin9900€178k€242k▲
Operating profit (loss)9901€125k€118k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€11k▲
Profit (loss) for the period before taxes9903€122k€111k▼
Income taxes67/77€38k€14k▼
Profit (loss) for the period9904€84k€98k▲
Profit (loss) for the period to be appropriated9905€84k€98k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€98k▲
Transfer to equity691/2€84k€98k▲
To other reserves6921€84k€98k▲
Social balance
Average headcount (FTE)90871.01.6▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 64 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 223 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 326 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 607 days late
2022
31-12
Financial
Highest result since 2018net €108k ▲374%
Operating result €133k, net result €108k, both a record.
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 216 days late
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 568 days late
2020
31-12
Financial
Weakest financial yearnet €-74k ▼2695%
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 326 days late
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 96 days late
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, Linter · 1 establishment unit since 2001
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.
Kasteelstraat(NRL) 323350 LinterGround area
594 m²
Building footprint
164 m²
Volume, LiDAR
991 m³
Parcel 24077E0200/00B002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kasteelstraat(NRL) 32, 3350 Linter
since 20012.100.371.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24077E0200/00B002 | Flanders | 594 m² | 1 · 164 m² | 9.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLinter2.100.371.979
Similar companies · same sector, comparable size
BIER - EN WIJNHANDEL LEYN
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FRANK FISSETTE
BE 0471.587.274
Diepenbeek · Eq €910k
DRANKEN VANGOIDSENHOVEN
BE 0476.186.460
Lubbeek · Eq €900k
MATTHYS WIJNIMPORT
BE 0459.197.406
Brugge · Eq €900k
Of 1,581 companies in sector 46349 we hold annual accounts for 987. 601 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2001
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
51340
46341Wholesale of wines and spirits
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.