MN-Group

Active

Private limited companyfounded 2016active for 9 yearsLuithagenlaan 4, 2640 Mortsel, BelgiumKBO/BCE: BE 0667.771.853

Summary

The computed 12-month bankruptcy probability of MN-Group is 3.2% (moderate). The 2024 annual accounts show equity of €13,295 and a net result of €581. Equity is shrinking by about 5.8% per year across the filed financial years. Its solvency ranks better than 40% of 5,847 sector peers (NACE 81, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MN-GroupActiveChecked score 50/100

Risk analysis Report Compare

Activity

Other building cleaning and industrial cleaning

NACE 81220

1 site

Size

≈ €79,000turnover 2024, estimated

Equity: €13,295
Profit: €581

Turnover estimated from the gross margin

Financial health

50 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 3.2%

Structure

YAMAC MihailDirector

2025 accounts not filed, 89 days past the deadline1 of 2 deeds summarised

Why 50raises riskFigures for financial year 2024 (filed 06-08-2025)1 financial year not filed after the legal deadline; 1 of the last 3 lateSector: Services to buildings and landscape activities (NACE 81)lowers riskLiquidity: current ratio 1.31, cash €6,322Show the evidence

Checked score

Score 2024

50 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 36% of its sector peers (NACE 81, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 57+3

equity 31.9% of total assets

Liquidity 33-3

short-term debt 68.1% · cash 15.2%

Profitability 70-30

return on assets 1.4%

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,702 companies, NACE 81, micro)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.1%▼ -0.1 percentage points vs 12-2024 02-2025: 1.0%▼ -0.1 percentage points vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.6%▲ +0.6 percentage points vs 07-2025 09-2025: 1.0%▼ -0.6 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▼ -0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026lowest value 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.9%▲ +0.3 percentage points vs 08-2026 10-2026: 3.2%▲ +1.3 percentage points vs 09-2026highest value

Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity tight (current ratio 1.31, compared with 1.16 in 2023, below the usual 1.5; short-term debt: 68.1% and cash: 15.2% of total assets), and 68.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 39% on solvency, 24% on liquidity, 37% on profitability and 43% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Figures for financial year 2024 (filed 06-08-2025)

NBB · annual accounts

1 financial year not filed after the legal deadline; 1 of the last 3 late

NBB · filings

Liquidity: current ratio 1.31, cash €6,322

NBB · annual accounts

Sector: Services to buildings and landscape activities (NACE 81)

KBO

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

181921222324

2018 to 2024 · latest year €13,295

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.

NBB · 6 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline28-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not filed

2024

3 days early

2023

30 days late

2022

31 days late

2021

17 days early

2019

90 days late

2018

13 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 20 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-07-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Weakest financial yearnet €581 ▼94.9%
30-08-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
Positive: 6 profitable years in a rowprofit 2024: €581 6 years View
One director decidessole director in office 1 View

By topic

Financials

Financial year: 2024
Total assets: €41,628
Profit: €581
Solvency: 31.9%

Total assets▼ 4.2%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member

YAMAC MihailDirector

Go to Board & ownership

Timeline

Events: 9
Since: 2019

08-01-2024Resignation: YAMAC Mihail (manager)
31-12-2023Highest result from 2018 to 2024
31-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Other building cleaning and industrial cleaningNACE 81220
Founded: 15-12-2016
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 23

Annual meeting: Third Monday of June at 15:00
Purpose: “Managementactiviteiten en administratiekantoor; Dit voor eigen rekening,voor rekening van…” (deed in Dutch)

Go to Articles of association

Key facts about MN-Group

What is the company number of MN-Group?: 0667.771.853. In Belgium the VAT number is the company number with BE in front: BE 0667.771.853.
Where is MN-Group based?: The registered office is at Luithagenlaan 4, 2640 Mortsel.Company details
What does MN-Group do?: According to the KBO register, the main activity is other building cleaning and industrial cleaning (NACE 81220).
What is the legal form of MN-Group?: Private limited company (BV).
When was MN-Group founded?: On 15-12-2016.
Is MN-Group still active?: Yes, MN-Group is an active enterprise in the KBO register.
What is the turnover of MN-Group?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MN-Group profitable?: In financial year 2024, MN-Group made a profit of €581.
Where can I find the annual accounts of MN-Group?: MN-Group filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.