MINT EUROPE
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-05-2022, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
72 d early
2020
44 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 54 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€1.5m▲ 86.0%
2020 · €809,663
Total assets
€2.4m▲ 22.1%
2020 · €2.0m
Net result
€695,996▲ 17.8%
2020 · €591,033
Working capital
€1.6m▲ 82.7%
2020 · €897,433
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€490,496-€493,077▲ 0.5%€821,407▲ 66.6%€960,575▲ 16.9%
Net result€322,422-€361,880▲ 12.2%€591,033▲ 63.3%€695,996▲ 17.8%
Equity€706,750-€718,630▲ 1.7%€809,663▲ 12.7%€1.5m▲ 86.0%
Total assets€1.6m-€1.5m▼ 5.9%€2.0m▲ 32.2%€2.4m▲ 22.1%
Debt€890,932-€785,520▼ 11.8%€1.2m▲ 50.1%€922,810▼ 21.7%
Working capital€1.1m-€1.0m▼ 2.1%€897,433▼ 12.7%€1.6m▲ 82.7%
Staff (FTE)16.9-19.1▲ 13.0%19.9▲ 4.2%17.5▼ 12.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 17% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.4m
Fixed assets
€1,424 ▼ 65.1%
Current assets
€2.4m ▲ 22.3%
Equity and liabilities €2.4m
Equity
€1.5m ▲ 86.0%
Debt
€922,810 ▼ 21.7%
Debt's share of the balance-sheet total falls from 59.3% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€963,232▲
2020 · €836,570
Cash flow
€698,654▲
2020 · €606,196
Current ratio
3.08▲
2020 · 1.83
Debt to equity
0.61▲
2020 · 0.11
ROE
46.2%▼
2020 · 73.0%
ROA
28.7%▼
2020 · 29.7%
Interest coverage
65.88
Debt ≤ 1 year
€787,171▼
2020 · €1.1m
Debt > 1 year
€135,639▲
2020 · €89,791
Income taxes
€251,620▲
2020 · €225,086
Staff costs
€1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,308 | €6,837 | €15,163 | €2,657 | ▼ 82.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€14,188 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - |
| Other operating charges640/8 | - | - | - | €13,837 | - |
| Gross operating margin9900 | €1.7m | €1.7m | €2.2m | €2.2m | ▼ 2.0% |
| Operating profit (loss)9901 | €490,496 | €493,077 | €821,407 | €960,575 | ▲ 16.9% |
| Financial income75/76B | - | - | - | €1,663 | - |
| Recurring financial income75 | €1,756 | €1,888 | €10,679 | €1,663 | ▼ 84.4% |
| Financial charges65/66B | - | - | - | €14,622 | - |
| Recurring financial charges65 | €21,093 | €13,480 | €15,967 | €14,622 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €471,159 | €481,485 | €816,119 | €947,616 | ▲ 16.1% |
| Income taxes67/77 | €148,737 | €119,605 | €225,086 | €251,620 | ▲ 11.8% |
| Profit (loss) for the period9904 | €322,422 | €361,880 | €591,033 | €695,996 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €322,422 | €361,880 | €591,033 | €695,996 | ▲ 17.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.6m | €1.5m | €2.0m | €2.4m | ▲ 22.1% |
| Fixed assets21/28 | €25,656 | €19,244 | €4,081 | €1,424 | ▼ 65.1% |
| Tangible fixed assets22/27 | €25,656 | €19,244 | €4,081 | €1,424 | ▼ 65.1% |
| Other tangible fixed assets26 | - | - | - | €1,424 | - |
| Current assets29/58 | €1.6m | €1.5m | €2.0m | €2.4m | ▲ 22.3% |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €902,860 | €1.9m | ▲ 110% |
| Trade receivables40 | - | - | - | €1.2m | - |
| Other amounts receivable41 | - | - | - | €715,545 | - |
| Cash at bank and in hand54/58 | €228,840 | €311,914 | €1.1m | €529,552 | ▼ 50.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €2.0m | €2.4m | ▲ 22.1% |
| Equity10/15 | €706,750 | €718,630 | €809,663 | €1.5m | ▲ 86.0% |
| Contributions10/11 | €61,920 | €61,920 | €61,920 | €61,920 | = |
| Capital10 | - | - | - | €61,920 | - |
| Issued capital100 | - | - | - | €61,920 | - |
| Reserves13 | €644,830 | €656,710 | €747,743 | €1.4m | ▲ 93.1% |
| Non-distributable reserves130/1 | - | - | - | €11,063 | - |
| Legal reserve130 | - | - | - | €11,063 | - |
| Distributable reserves133 | - | - | - | €1.4m | - |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €890,932 | €785,520 | €1.2m | €922,810 | ▼ 21.7% |
| Amounts payable after more than one year17 | €365,362 | €327,132 | €89,791 | €135,639 | ▲ 51.1% |
| Financial debts170/4 | - | - | - | €135,639 | - |
| Amounts payable within one year42/48 | €521,451 | €456,388 | €1.1m | €787,171 | ▼ 27.6% |
| Financial debts43 | - | - | - | €0 | - |
| Other loans439 | - | - | - | €0 | - |
| Trade debts44 | €46,735 | €97,050 | €67,112 | €320,967 | ▲ 378% |
| Suppliers440/4 | - | - | - | €320,967 | - |
| Taxes, remuneration and social security45 | - | - | - | €466,204 | - |
| Taxes450/3 | - | - | - | €220,226 | - |
| Remuneration and social security454/9 | - | - | - | €245,978 | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €322,422 | €361,880 | €591,033 | €695,996 | ▲ 17.8% |
| + Depreciation and write-downs630 | €7,308 | €6,837 | €15,163 | €2,657 | ▼ 82.5% |
| Operating cash flow (approximation) | €329,730 | €368,717 | €606,196 | €698,654 | ▲ 15.3% |
| Investment in fixed assets (approximation) | - | -€425 | €0 | €0 | - |
| Change in cash | - | €83,074 | €764,614 | -€546,976 | ▼ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €695,996 ▲17.8%
Operating result €960,575, net result €695,996, both a record.
31-12
Financial
Equity above €1mEq €1.5m ▲86%
4 profitable years in a row build equity to €1.5m.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
11-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
08-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- ACCELERATION
- MINT EUROPE
Highest known parent: ACCELERATION. The sources do not say who stands above it.
Owners 1
- ACCELERATIONparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.