Losses
-€5,441 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Minsky
Lifetime
11 annual accounts with figures on one time axispeak €448,338 (2024)
€443,361▼ 1.1%
lowest -€15,944 (2017)
-€2,353▲ €735
peak €144,872 (2023)
€139,432▼ 1.7%
€284,491▼ 8.1%
peak 7.3 FTE (2024)
7.1 FTE▼ 2.7%
Board2 names since 2021
2 directorsMatthias Oben and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Loss of €2,353
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 36% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026highest value
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: 7.1 FTE, total assets €423,923
Loss of €2,353, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 1.44, cash €209,693
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 31% of them on solvency, 50% on liquidity, 27% on profitability and 38% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as Minsky has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Minsky itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Minsky. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (1.41 in 2024), below the usual 1.5. Short-term debt is 63.2% and cash 49.5% of total assets. 67.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
3 days early
2023
29 days early
2022
4 days early
2021
6 days early
2020
5 days late
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0550898335
Registered office moved from Leuven to Brussels
New registered office: Bloemenstraat 32 (niv 1), 1000 Brussel · Previous registered office: Koning Leopold I-straat 18, 3000 Leuven · Appointment: VEREERTBRUGGHEN Anselm Jan Hubert Maria (director) · General meeting of 27-09-2024 · Gazette deed
Appointment: Matthias Oben (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 21-09-2023 · Gazette deed
Incorporation
published on 29-04-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Minsky Brussels | €423,923 | €443,361 | 32.9% | 7.1 |
| Dashdot Antwerp | €433,845 | €510,824 | 39.6% | 6.6 |
| RAYFERENCE Brussels | €496,805 | €481,061 | 27.6% | 4.1 |
| SPADE Sint-Gillis (bij-Brussel) | €463,605 | €420,882 | 49.7% | 7 |
| Demute Koekelberg | €527,320 | €328,024 | 46.5% | 6.5 |
| PAF ! Watermael-Boitsfort | €583,926 | €425,061 | 32.3% | 6 |
| CENTRALAPP Ixelles | €670,643 | €420,653 | 75.4% | 5.9 |
These companies have the same main activity as Minsky: computer programming (NACE 62100). They are comparable in size and age: total assets between €434,000 and €671,000, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 25-04-2014Normal situation
- Registered office
- 13 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.230.270.0251000 Brussels, since 25-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 14-03-2025
Annual accounts 2025
- €423,923▼ 6.0%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Minsky
Minsky files the abbreviated format. That format states no turnover. The gross margin rose from €39,437 in 2015 to €443,361 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Minsky
- What is the company number of Minsky?
- The company number of Minsky is 0550.898.335. The VAT number is the same number with BE in front: BE 0550.898.335.
- Where is Minsky based?
- The registered office is at Bloemenstraat 32 (niv 1), 1000 Brussels.Company details
- What does Minsky do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Minsky?
- Minsky is a private limited company (BV).
- When was Minsky founded?
- Minsky was founded on 25-04-2014.
- Is Minsky still active?
- Yes, Minsky is an active enterprise in the KBO register.
- How many employees does Minsky have?
- Minsky had an average of 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Minsky?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €443,361 and 149 comparable companies (NACE 62). It probably lies between €800,000 and €1.9m.
- Is Minsky profitable?
- In financial year 2025, Minsky made a loss of €2,353.
- Where can I find the annual accounts of Minsky?
- Minsky filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Minsky due?
- Minsky must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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