Minsen en Co
ActiveSummary
Minsen en Co has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €91k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 46 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+18
Solvency100▲+32
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 48.05 against 0.84 in 2024; short-term debt: 1.3% and cash: 9.1% of total assets), and 1.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.7%
Return on assets
59.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
21 d late
2023
20 d late
2022
27 d late
2021
19 d early
2020
23 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€91k▲ 510%
2024 · €15k
2018: €15k
2019: €17k
2020: €-34k
2021: €14k
2022: €8k
2023: €11k
2024: €15k
2018 → 2025
Working capital
€91k
2024 · €-13k
2018: €-66k
2019: €-51k
2020: €-75k
2021: €-62k
2022: €-57k
2023: €-39k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€34k▲ 30.7%€45k▲ 32.4%€60k▲ 33.3%€151k▲ 152%
Operating result€15k-€10k▼ 31.6%€19k▲ 85.3%€25k▲ 27.4%€121k▲ 390%
Net result€14k-€8k▼ 41.9%€11k▲ 37.9%€15k▲ 36.1%€91k▲ 510%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 390% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€60k ▼ 17.8%
Current assets
€93k ▲ 42.7%
Equity and liabilities €153k
Equity
€151k ▲ 152%
Debt
€2k ▼ 97.5%
Debt's share of the balance-sheet total falls from 56.6% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126k▲
2024 · €37k
Cash flow
€97k▲
2024 · €27k
Current ratio
48.05▲
2024 · 0.84
Debt to equity
0.01▼
2024 · 1.31
ROE
60.4%▲
2024 · 25.0%
ROA
59.6%▲
2024 · 10.8%
Interest coverage
225.72▲
2024 · 8.15
Debt ≤ 1 year
€2k▼
2024 · €78k
Income taxes
€29k▲
2024 · €5k
Staff costs
€485▼
2024 · €1k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€153k▲
Fixed assets21/28€72k€60k▼
Tangible fixed assets22/27€72k€60k▼
Land and buildings22€60k€56k▼
Plant, machinery and equipment23€13k€4k▼
Current assets29/58€65k€93k▲
Stocks and contracts in progress3€38k-
Stocks30/36€38k-
Amounts receivable within one year40/41€12k€78k▲
Trade receivables40€8k€64k▲
Other amounts receivable41€4k€15k▲
Cash at bank and in hand54/58€12k€14k▲
Deferred charges and accrued income490/1€4k€632▼
Equity and liabilities
Total equity and liabilities10/49€138k€153k▲
Equity10/15€60k€151k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€14€14=
Profit (loss) carried forward14€-50k€41k▲
Amounts payable17/49€78k€2k▼
Amounts payable within one year42/48€78k€2k▼
Trade debts44€18k€1k▼
Suppliers440/4€18k€1k▼
Advances received on contracts in progress46€100€100=
Taxes, remuneration and social security45€3k€683▼
Taxes450/3-€683
Remuneration and social security454/9€3k-
Other amounts payable47/48€57k-
Income statement
Code20242025
Remuneration, social security and pensions62€1k€485▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€6k▼
Other operating charges640/8€622€62▼
Gross operating margin9900€39k€127k▲
Operating profit (loss)9901€25k€121k▲
Financial income75/76B€96€70▼
Recurring financial income75€96€70▼
Financial charges65/66B€5k€560▼
Recurring financial charges65€5k€560▼
Profit (loss) for the period before taxes9903€20k€120k▲
Income taxes67/77€5k€29k▲
Profit (loss) for the period9904€15k€91k▲
Profit (loss) for the period to be appropriated9905€15k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€41k▲
Profit (loss) brought forward from the previous period14P€-65k€-50k▲
Social balance
Average headcount (FTE)90870.40.1▼
The notes to these accounts (8 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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
31-12
Financial
Highest result since 2018net €91k ▲510%
Operating result €121k, net result €91k, both a record.
31-12
Financial
Liquidity times 58current ratio 48.05
Current ratio from 0.84 to 48.05; short-term debt falls from €78k to €2k.
31-12
Financial
Equity above €150kEq €151k ▲152%
5 profitable years in a row build equity to €151k.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-34k ▼295%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Heers
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.
Batsheersstraat(Batsh.) 503870 HeersGround area
399 m²
Building footprint
124 m²
Volume, LiDAR
712 m³
Parcel 73002A0045/02Z000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73002A0045/02Z000 | Flanders | 398 m² | 1 · 124 m² | 9.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 852 EUR awarded · 852 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 852 EUR | 852 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 6,078 companies in sector 75000 we hold annual accounts for 1,950. 1,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.