MINTHEN
ActiveMINTHEN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209k and a net result of €-24k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 42% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▲+17
Solvency48▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.4 in 2023; short-term debt: 49.4% and cash: 5.4% of total assets), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
23.1%
Return on assets
-2.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-24k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
117 d early
2022
27 d early
2021
31 d early
2020
43 d early
2019
73 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-24k▲ 43.4%
2023 · €-43k
2019: €160k
2020: €87k
2021: €3k
2022: €5k
2023: €-43k
2019 → 2024
Working capital
€-133k▼ 4.5%
2023 · €-127k
2019: €-70k
2020: €-24k
2021: €-6k
2022: €-110k
2023: €-127k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€267k-€270k▲ 1.1%€275k▲ 1.8%€233k▼ 15.5%€209k▼ 10.4%
Operating result€119k-€5k▼ 95.6%€8k▲ 54.6%€-30k€-11k▲ 62.6%
Net result€87k-€3k▼ 96.6%€5k▲ 64.8%€-43k€-24k▲ 43.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €30k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €902k
Fixed assets
€590k▼ 4.7%
Current assets
€313k▲ 274%
Equity and liabilities €902k
Equity
€209k▼ 10.4%
Debt
€694k▲ 47.8%
The debt ratio rises from 66.9% to 76.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▲
2023 · €3k
Cash flow
€9k▲
2023 · €-10k
Solvency
23.1%▼
2023 · 33.1%
Current ratio
0.70▲
2023 · 0.40
Quick ratio
0.45▲
2023 · 0.40
Debt / equity
3.33▲
2023 · 2.02
ROE
-11.6%▲
2023 · -18.3%
ROA
-2.7%▲
2023 · -6.1%
Interest coverage
1.72▲
2023 · 0.24
Debt
€694k▲
2023 · €470k
Debt ≤ 1 year
€446k▲
2023 · €211k
Debt > 1 year
€248k▼
2023 · €258k
Income taxes
€285▼
2023 · €301
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€702k€902k▲
Fixed assets21/28€618k€590k▼
Tangible fixed assets22/27€409k€376k▼
Land and buildings22€376k€360k▼
Furniture and vehicles24€33k€16k▼
Financial fixed assets28€210k€214k▲
Current assets29/58€84k€313k▲
Amounts receivable after more than one year29€15k€15k=
Other amounts receivable291€15k€15k=
Stocks and contracts in progress3-€112k
Stocks30/36-€112k
Amounts receivable within one year40/41€64k€135k▲
Trade receivables40€13k€0▼
Other amounts receivable41€50k€135k▲
Cash at bank and in hand54/58€5k€49k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€702k€902k▲
Equity10/15€233k€209k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€213k€189k▼
Amounts payable17/49€470k€694k▲
Amounts payable after more than one year17€258k€248k▼
Financial debts170/4€258k€248k▼
Amounts payable within one year42/48€211k€446k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€457€346▼
Suppliers440/4€457€346▼
Taxes, remuneration and social security45€301€285▼
Taxes450/3€301€285▼
Other amounts payable47/48€200k€435k▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€5k€27k▲
Operating profit (loss)9901€-30k€-11k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€-42k€-24k▲
Income taxes67/77€301€285▼
Profit (loss) for the period9904€-43k€-24k▲
Profit (loss) for the period to be appropriated9905€-43k€-24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€213k€189k▼
Profit (loss) brought forward from the previous period14P€255k€213k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-43k ▼959%
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €267k ▲48.4%
2 profitable years in a row build equity to €267k.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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 2019
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 Curie 214100 SeraingGround area
1,124 m²
Building footprint
152 m²
Volume, LiDAR
1,069 m³
Parcel 62358H0110/00Z132, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MINTHEN
since 20192.284.265.866
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62358H0110/00Z132 | Wallonia | 1,124 m² | 1 · 152 m² | 9.9 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.
Similar companies · same sector, comparable size
COLUMNI
BE 0445.791.016
Lummen · Eq €209k
BOLWOL
BE 0764.997.131
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YUNIDI INVEST
BE 0702.969.193
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ROLAND
BE 0424.801.404
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FILATURE RETAIL
BE 0568.825.717
Ieper · Eq €209k
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,828 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.