MINOA
ActiveThe computed 12-month bankruptcy probability of MINOA is 1.9% (moderate). The 2025 annual accounts show equity of €234k and a net result of €-74k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 81% of 3609 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-80
Solvency99▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.84 in 2024), and 36.4% 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
4 d late
2023
33 d early
2022
31 d early
2021
29 d early
2020
29 d early
2019
52 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€234k▼ 24.0%
2024 · €309k
2018: €12k
2019: €3k
2020: €41k
2021: €100k
2022: €132k
2023: €259k
2024: €309k
2018 → 2025
Total assets
€369k▼ 14.7%
2024 · €432k
2018: €21k
2019: €20k
2020: €54k
2021: €141k
2022: €196k
2023: €346k
2024: €432k
2018 → 2025
Net result
€-74k
2024 · €49k
2018: €-11k
2019: €-8k
2020: €38k
2021: €59k
2022: €32k
2023: €127k
2024: €49k
2018 → 2025
Working capital
€141k▼ 38.3%
2024 · €228k
2018: €6k
2019: €-784
2020: €33k
2021: €91k
2022: €79k
2023: €178k
2024: €228k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€132k▲ 31.9%€259k▲ 96.3%€309k▲ 19.0%€234k▼ 24.0%
Operating result€66k-€43k▼ 33.9%€174k▲ 300%€73k▼ 58.0%€-58k
Net result€59k-€32k▼ 45.9%€127k▲ 298%€49k▼ 61.2%€-74k
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 turns negative in 2025: a loss of €58k after €73k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369k
Fixed assets
€94k▲ 16.3%
Current assets
€275k▼ 21.8%
Equity and liabilities €369k
Equity
€234k▼ 24.0%
Debt
€134k▲ 8.5%
The debt ratio rises from 28.6% to 36.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-39k▼
2024 · €88k
Cash flow
€-55k▼
2024 · €65k
Solvency
63.6%▼
2024 · 71.4%
Current ratio
2.05▼
2024 · 2.84
Quick ratio
1.97▼
2024 · 2.79
Debt / equity
0.57▲
2024 · 0.40
ROE
-31.6%▼
2024 · 16.0%
ROA
-20.1%▼
2024 · 11.4%
Interest coverage
-2.48▼
2024 · 9.57
Debt
€134k▲
2024 · €124k
Debt ≤ 1 year
€134k▲
2024 · €124k
Income taxes
€391▼
2024 · €15k
Staff costs
€374k▲
2024 · €357k
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€432k€369k▼
Fixed assets21/28€80k€94k▲
Tangible fixed assets22/27€80k€93k▲
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€8k€13k▲
Other tangible fixed assets26€61k€72k▲
Financial fixed assets28€200€700▲
Current assets29/58€352k€275k▼
Stocks and contracts in progress3€6k€11k▲
Stocks30/36€6k€11k▲
Amounts receivable within one year40/41€28k€15k▼
Trade receivables40€2k€638▼
Other amounts receivable41€25k€14k▼
Cash at bank and in hand54/58€316k€244k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€432k€369k▼
Equity10/15€309k€234k▼
Contributions10/11€19k€19k=
Reserves13€290k€290k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€290k€290k=
Profit (loss) carried forward14-€-74k
Amounts payable17/49€124k€134k▲
Amounts payable within one year42/48€124k€134k▲
Trade debts44€43k€35k▼
Suppliers440/4€43k€35k▼
Taxes, remuneration and social security45€76k€87k▲
Taxes450/3€33k€30k▼
Remuneration and social security454/9€43k€57k▲
Other amounts payable47/48€5k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€357k€374k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€450k€343k▼
Operating profit (loss)9901€73k€-58k▼
Financial income75/76B€128€159▲
Recurring financial income75€128€159▲
Financial charges65/66B€9k€16k▲
Recurring financial charges65€9k€16k▲
Profit (loss) for the period before taxes9903€64k€-74k▼
Income taxes67/77€15k€391▼
Profit (loss) for the period9904€49k€-74k▼
Profit (loss) for the period to be appropriated9905€49k€-74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-74k▼
Transfer to equity691/2€49k€0▼
To the legal reserve6920€0-
To other reserves6921€49k€0▼
Social balance
Average headcount (FTE)9087-10.8
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-74k ▼250%
Net result drops to €-74k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €127k ▲298%
Operating result €174k, net result €127k, both a record.
31-12
Financial
Equity above €200kEq €259k ▲96.3%
4 profitable years in a row build equity to €259k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €100k ▲144%
2 profitable years in a row build equity to €100k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 3.56
Current ratio from 0.95 to 3.56; short-term debt falls from €16k to €13k.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 2 establishment units since 2006
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.
Karel Rogierstraat 472000 AntwerpenGround area
216 m²
Building footprint
172 m²
Volume, LiDAR
2,411 m³
2 parcels, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Revista
since 20062.155.678.807
Revista
since 20222.331.268.009
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3628/00V002 | Flanders | 123 m² | 1 · 84 m² | 14.6 m · 4 fl. |
| 11811L3628/00A003 | Flanders | 93 m² | 1 · 88 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteAntwerpen2.155.678.807
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 6,251 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2006
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.