Minne Transport Service

Active

Private limited companyfounded 20197 yrs activeVannekenstraat 10, 8750 Wingene, BelgiumKBO/BCE: BE 0728.979.546

The computed 12-month bankruptcy probability of Minne Transport Service is 2.3% (moderate). The 2025 annual accounts show equity of €884k and a net result of €165k. Equity is growing by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 1851 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair

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

Axes · tick = 2024

Profitability74▼-5

Solvency47=

Growth78=

Track record100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €45k at 30 days acceptable

Liquidity short (current ratio 0.92 against 0.95 in 2024; short-term debt: 29.6% and cash: 5.1% of total assets), and 77.6% 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

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

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

22.4%

Return on assets

4.2%

Age of the figures

15 mo

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

on the day

2024

3 d late

2023

2 d early

2022

4 d early

2021

on the day

2020

3 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close23-09-2026 today31-01-2027 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, abbreviated schema

Equity

€884k▲ 23.0%

2024 · €719k

2020: €83k 2021: €228k 2022: €332k 2023: €466k 2024: €719k

2020 → 2025

Total assets

€3.95M▲ 23.0%

2024 · €3.21M

2020: €670k 2021: €1.16M 2022: €1.19M 2023: €2.13M 2024: €3.21M

2020 → 2025

Net result

€165k▼ 34.6%

2024 · €253k

2020: €64k 2021: €145k 2022: €104k 2023: €134k 2024: €253k

2020 → 2025

Working capital

€-90k▼ 91.2%

2024 · €-47k

2020: €47k 2021: €-38k 2022: €85k 2023: €-54k 2024: €-47k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€228k-€332k▲ 45.5%€466k▲ 40.2%€719k▲ 54.2%€884k▲ 23.0%

Operating result€184k-€151k▼ 17.8%€183k▲ 21.1%€360k▲ 97.0%€291k▼ 19.3%

Net result€145k-€104k▼ 28.3%€134k▲ 28.4%€253k▲ 89.2%€165k▼ 34.6%

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 falls in 2025; 2025 is 19% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €3.95M

72.7%

27.3%

Fixed assets €2.87M▲ 21.4%

Current assets €1.08M▲ 27.7%

Equity and liabilities €3.95M

22.4%

77.6%

Equity €884k▲ 23.0%

Debt €3.06M▲ 23.0%

The debt ratio stays at 77.6%.

Key figures and ratios

2025 value · change against 2024

EBITDA

€969k▲

2024 · €808k

Cash flow

€844k▲

2024 · €700k

Solvency

22.4%=

2024 · 22.4%

Current ratio

0.92▼

2024 · 0.95

Quick ratio

0.65▼

2024 · 0.68

Debt / equity

3.46=

2024 · 3.46

ROE

18.7%▼

2024 · 35.2%

ROA

4.2%▼

2024 · 7.9%

Interest coverage

11.34▼

2024 · 14.33

Debt

€3.06M▲

2024 · €2.49M

Debt ≤ 1 year

€1.17M▲

2024 · €892k

Debt > 1 year

€1.89M▲

2024 · €1.59M

Income taxes

€41k▼

2024 · €51k

Staff costs

€1.33M▲

2024 · €698k

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€3.21M€3.95M▲

Fixed assets21/28€2.36M€2.87M▲

Intangible fixed assets21€11k€11k▲

Tangible fixed assets22/27€2.35M€2.86M▲

Land and buildings22€354k€341k▼

Plant, machinery and equipment23€23k€21k▼

Furniture and vehicles24€795k€679k▼

Leasing and similar rights25€1.18M€1.82M▲

Financial fixed assets28€600€900▲

Current assets29/58€845k€1.08M▲

Stocks and contracts in progress3€240k€314k▲

Contracts in progress37€240k€314k▲

Amounts receivable within one year40/41€227k€447k▲

Trade receivables40€224k€417k▲

Other amounts receivable41€4k€31k▲

Cash at bank and in hand54/58€338k€201k▼

Deferred charges and accrued income490/1€39k€116k▲

Equity and liabilities

Total equity and liabilities10/49€3.21M€3.95M▲

Equity10/15€719k€884k▲

Contributions10/11€19k€19k=

Reserves13€700k€865k▲

Distributable reserves133€700k€865k▲

Amounts payable17/49€2.49M€3.06M▲

Amounts payable after more than one year17€1.59M€1.89M▲

Financial debts170/4€1.59M€1.89M▲

Amounts payable within one year42/48€892k€1.17M▲

Current portion of amounts payable after more than one year42€484k€639k▲

Trade debts44€161k€261k▲

Suppliers440/4€161k€261k▲

Taxes, remuneration and social security45€144k€161k▲

Taxes450/3€66k€26k▼

Remuneration and social security454/9€79k€135k▲

Other amounts payable47/48€102k€107k▲

Accrued charges and deferred income492/3€7k€8k▲

Income statement Code20242025

Non-recurring operating income76A€3k€0▼

Remuneration, social security and pensions62€698k€1.33M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€447k€679k▲

Other operating charges640/8€140k€245k▲

Non-recurring operating charges66A€4k€0▼

Gross operating margin9900€1.65M€2.55M▲

Operating profit (loss)9901€360k€291k▼

Financial income75/76B€291€1k▲

Recurring financial income75€291€1k▲

Financial charges65/66B€56k€86k▲

Recurring financial charges65€56k€86k▲

Profit (loss) for the period before taxes9903€304k€207k▼

Income taxes67/77€51k€41k▼

Profit (loss) for the period9904€253k€165k▼

Profit (loss) for the period to be appropriated9905€253k€165k▼

Appropriation of the result

Profit (loss) to be appropriated9906€253k€165k▼

Transfer to equity691/2€253k€165k▼

To other reserves6921€253k€165k▼

Social balance

Average headcount (FTE)90879.917.4▲

The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-01-2027

2026

31-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

03-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 3 days late

2024

30-06

Financial Highest result since 2020net €253k ▲89.2%

Operating result €360k, net result €253k, both a record.

30-06

Financial Equity above €500kEq €719k ▲54.2%

5 profitable years in a row build equity to €719k.

29-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-06

Financial Equity above €200kEq €228k ▲174%

2 profitable years in a row build equity to €228k.

28-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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

Directors · office · real estate

Directors

4 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, Wingene · 1 establishment unit since 2019

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.

Vannekenstraat 108750 Wingene

Ground area

3,097 m²

Building footprint

123 m²

Volume, LiDAR

689 m³

Parcel 37019F0175/00W000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Minne Transport Service

Vannekenstraat 10, 8750 WingeneNACE 4520101

since 20192.290.899.478

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37019F0175/00W000	Flanders	3,097 m²	1 · 123 m²	8.8 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.

Structure & network

Connections & network

1 connected company

Network connections

Minne Ally - Invest

Shared address

→

Public money · subsidies and aid

Flemish government

2022 to 2025 · 7 entries · 18,283 EUR awarded · 18,231 EUR paid

Year	Entries	awarded	paid
2025	1	1,170 EUR	1,290 EUR
2024	1	597 EUR	425 EUR
2023	3	10,232 EUR	10,232 EUR
2022	2	6,284 EUR	6,284 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

2 entries · 15,000 EUR · 15,000 EUR paid · Departement Mobiliteit en Openbare Werken

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 2,638 EUR · 2,586 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

1 entry · 645 EUR · 645 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site

Wingene2.290.899.478

4 permissions

Erkenning · Vervoer gemedicineerd diervoeder en/of tussenproduct · since 28-07-2026

Vervoer van diervoeders · since 01-09-2025

Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 01-01-2021

and 1 more

Similar companies · same sector, comparable size

Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 4,340 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-06-2019

Fiscal year end30-06

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 6 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.