MINOX
ActiveSummary
MINOX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213k and a net result of €-23k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 2437 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▼-77
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.73 against 4.91 in 2023; short-term debt: 15.3% and cash: 34.1% of total assets), and 15.3% 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 25
Relative position
BE, all sectors
reference
Sector 25
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.7%
Return on assets
-9.3%
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 18-08-2025, 18 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
18 d late
2023
37 d late
2022
83 d late
2021
23 d early
2020
25 d late
2019
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€213k▼ 9.9%
2023 · €236k
2018: €305k
2019: €297k
2020: €257k
2021: €244k
2022: €251k
2023: €236k
2018 → 2024
Total assets
€251k▼ 8.4%
2023 · €274k
2018: €373k
2019: €372k
2020: €333k
2021: €279k
2022: €267k
2023: €274k
2018 → 2024
Net result
€-23k
2023 · €34k
2018: €39k
2019: €12k
2020: €4k
2021: €27k
2022: €7k
2023: €34k
2018 → 2024
Working capital
€105k▼ 29.5%
2023 · €149k
2018: €183k
2019: €185k
2020: €159k
2021: €156k
2022: €161k
2023: €149k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€257k-€244k▼ 4.9%€251k▲ 2.8%€236k▼ 5.8%€213k▼ 9.9%
Operating result€12k-€36k▲ 199%€13k▼ 63.4%€49k▲ 275%€-21k
Net result€4k-€27k▲ 645%€7k▼ 74.4%€34k▲ 396%€-23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €21k after €49k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €251k
Fixed assets
€108k▲ 23.6%
Current assets
€143k▼ 23.3%
Equity and liabilities €251k
Equity
€213k▼ 9.9%
Debt
€38k▲ 0.8%
The debt ratio rises from 13.9% to 15.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2023 · €64k
Cash flow
€-13k▼
2023 · €49k
Solvency
84.7%▼
2023 · 86.1%
Current ratio
3.73▼
2023 · 4.91
Quick ratio
3.73▼
2023 · 4.91
Debt / equity
0.18▲
2023 · 0.16
ROE
-11.0%▼
2023 · 14.4%
ROA
-9.3%▼
2023 · 12.4%
Interest coverage
-6.39▼
2023 · 43.49
Debt
€38k▲
2023 · €38k
Debt ≤ 1 year
€38k▲
2023 · €38k
Income taxes
€601▼
2023 · €14k
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€274k€251k▼
Fixed assets21/28€87k€108k▲
Tangible fixed assets22/27€87k€108k▲
Land and buildings22€87k€91k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€540€13k▲
Current assets29/58€187k€143k▼
Amounts receivable within one year40/41€30k€40k▲
Trade receivables40€19k€25k▲
Other amounts receivable41€11k€15k▲
Cash at bank and in hand54/58€155k€86k▼
Deferred charges and accrued income490/1€2k€18k▲
Equity and liabilities
Total equity and liabilities10/49€274k€251k▼
Equity10/15€236k€213k▼
Reserves13€52k€52k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€185k€161k▼
Amounts payable17/49€38k€38k▲
Amounts payable within one year42/48€38k€38k▲
Current portion of amounts payable after more than one year42€879-
Financial debts43€4k€24k▲
Other loans439€4k€24k▲
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Taxes, remuneration and social security45€22k€9k▼
Taxes450/3€20k€9k▼
Remuneration and social security454/9€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€11k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€68k€-7k▼
Operating profit (loss)9901€49k€-21k▼
Financial income75/76B€193€324▲
Recurring financial income75€193€324▲
Non-recurring financial income76B€193€324▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Non-recurring financial charges66B€1k€2k▲
Profit (loss) for the period before taxes9903€48k€-23k▼
Income taxes67/77€14k€601▼
Profit (loss) for the period9904€34k€-23k▼
Profit (loss) for the period to be appropriated9905€34k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€218k€161k▼
Profit (loss) brought forward from the previous period14P€184k€185k▲
Transfer from equity791/2€15k-
Transfer to equity691/2€18k-
To other reserves6921€18k-
Profit to be distributed694/7€30k-
Return on contributions (dividend)694€30k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-23k ▼169%
Net result drops to €-23k, the lowest in the series.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
22-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 83 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.99
Current ratio from 3.31 to 6.99; short-term debt falls from €69k to €26k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Seraing · 1 establishment unit since 2003
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.
Rue de Boncelles 3294102 SeraingGround area
34 m²
Building footprint
31 m²
Volume, LiDAR
66 m³
Parcel 62342B0589/00D005, Wallonia · tallest building 2.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de Boncelles 329, 4102 Seraing
since 20032.131.976.559
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62342B0589/00D005indicative | Wallonia | 34 m² | 1 · 31 m² | 2.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KONSTRUKTIE - MACHINEBOUW JOCHEMS
BE 1004.844.477
Hoogstraten · Eq €211k
PATRICK BLOMMAERT
BE 0457.993.517
Zedelgem · Eq €209k
DIMAVO
BE 0440.238.359
Essen · Eq €204k
STYLES EN STEEL
BE 0459.505.232
Namur · Eq €203k
GAME
BE 0460.520.168
Antwerpen · Eq €202k
Of 557 companies in sector 25999 we hold annual accounts for 351. 245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2003
Fiscal year end31-12
Activities, NACEBEL
25999Manufacture of fabricated metal products, except machinery and equipment
28754
25220Manufacture of fabricated metal products, except machinery and equipment
28210
43320Joinery installation
45422
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.