MND PLUS
ActiveSummary
MND PLUS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53,317 and a net result of €2,442. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+26
Solvency45▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.24 in 2023; short-term debt: 79% and cash: 10.8% of total assets), and 80.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
19.5%
Return on assets
0.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
106 d late
2022
66 d late
2021
61 d late
2020
58 d late
2019
122 d late
← 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 87 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€53,317▲ 4.8%
2023 · €50,875
Total assets
€273,342▼ 6.9%
2023 · €293,450
Net result
€2,442
2023 · -€1,551
Working capital
€48,275▼ 14.9%
2023 · €56,743
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€108,517▲ 5,626%€47,079▼ 56.6%€4,966▼ 89.5%€1,399▼ 71.8%€5,186▲ 271%
Net result€102,478above the sector's middle half▲ 20,604%€30,208above the sector's middle half▼ 70.5%€1,518within the sector's middle half▼ 95.0%-€1,551within the sector's middle half€2,442within the sector's middle half
Equity€20,700within the sector's middle half€50,908within the sector's middle half▲ 146%€52,426within the sector's middle half▲ 3.0%€50,875within the sector's middle half▼ 3.0%€53,317within the sector's middle half▲ 4.8%
Total assets€280,022within the sector's middle half▲ 61.6%€328,862within the sector's middle half▲ 17.4%€305,979within the sector's middle half▼ 7.0%€293,450within the sector's middle half▼ 4.1%€273,342within the sector's middle half▼ 6.9%
Debt€259,322▲ 1.7%€277,953▲ 7.2%€253,553▼ 8.8%€242,575▼ 4.3%€220,026▼ 9.3%
Working capital-€5,740within the sector's middle half▲ 93.3%€34,585within the sector's middle half€46,219within the sector's middle half▲ 33.6%€56,743within the sector's middle half▲ 22.8%€48,275within the sector's middle half▼ 14.9%
Solvency7.4%within the sector's middle half▲ 54.6pp15.5%within the sector's middle half▲ 8.1pp17.1%within the sector's middle half▲ 1.7pp17.3%within the sector's middle half▲ 0.2pp19.5%within the sector's middle half▲ 2.2pp
Current ratio0.98within the sector's middle half▲ 0.311.12within the sector's middle half▲ 0.151.18within the sector's middle half▲ 0.061.24within the sector's middle half▲ 0.061.22within the sector's middle half▼ 0.02
Return on assets (ROA)36.6%above the sector's middle half▲ 36.3pp9.2%within the sector's middle half▼ 27.4pp0.5%within the sector's middle half▼ 8.7pp-0.5%within the sector's middle half▼ 1.0pp0.9%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 271% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €273,342
Fixed assets
€9,098 ▲ 146%
Current assets
€264,245 ▼ 8.8%
Equity and liabilities €273,342
Equity
€53,317 ▲ 4.8%
Debt
€220,026 ▼ 9.3%
Debt's share of the balance-sheet total falls from 82.7% to 80.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,788▲
2023 · €5,974
Cash flow
€12,044▲
2023 · €3,025
Quick ratio
0.14▼
2023 · 0.27
Debt to equity
4.13▼
2023 · 4.77
ROE
4.6%▲
2023 · -3.0%
Interest coverage
10.16▲
2023 · 3.13
Debt ≤ 1 year
€215,970▼
2023 · €233,007
Debt > 1 year
€4,056▼
2023 · €9,568
Income taxes
€1,316▲
2023 · €1,145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,286 | €10,117 | €10,117 | €4,575 | €9,602 | ▲ 110% |
| Other operating charges640/8 | - | €3,898 | €2,859 | €2,138 | €3,489 | ▲ 63.2% |
| Gross operating margin9900 | €119,075 | €61,094 | €17,942 | €8,112 | €18,276 | ▲ 125% |
| Operating profit (loss)9901 | €108,517 | €47,079 | €4,966 | €1,399 | €5,186 | ▲ 271% |
| Financial income75/76B | - | €112 | €1 | €104 | €27 | ▼ 74.2% |
| Recurring financial income75 | €40 | €112 | €1 | €104 | €27 | ▼ 74.2% |
| Financial charges65/66B | - | €469 | €1,415 | €1,910 | €1,455 | ▼ 23.8% |
| Recurring financial charges65 | €330 | €469 | €1,415 | €1,910 | €1,455 | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | €108,227 | €46,722 | €3,551 | -€406 | €3,758 | ▲ 1,025% |
| Income taxes67/77 | €5,749 | €16,514 | €2,034 | €1,145 | €1,316 | ▲ 15.0% |
| Profit (loss) for the period9904 | €102,478 | €30,208 | €1,518 | -€1,551 | €2,442 | ▲ 257% |
| Profit (loss) for the period to be appropriated9905 | €102,478 | €30,208 | €1,518 | -€1,551 | €2,442 | ▲ 257% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €280,022 | €328,862 | €305,979 | €293,450 | €273,342 | ▼ 6.9% |
| Fixed assets21/28 | €26,440 | €16,323 | €6,207 | €3,699 | €9,098 | ▲ 146% |
| Tangible fixed assets22/27 | €26,440 | €16,323 | €6,207 | €3,699 | €9,098 | ▲ 146% |
| Furniture and vehicles24 | - | €12,860 | €3,881 | €2,512 | €9,048 | ▲ 260% |
| Other tangible fixed assets26 | - | €3,463 | €2,325 | €1,187 | €49 | ▼ 95.9% |
| Current assets29/58 | €253,582 | €312,538 | €299,772 | €289,750 | €264,245 | ▼ 8.8% |
| Stocks and contracts in progress3 | €209,106 | €264,876 | €255,563 | €225,735 | €233,786 | ▲ 3.6% |
| Stocks30/36 | - | €264,876 | €255,563 | €225,735 | €233,786 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €14,945 | €33,322 | €28,288 | €31,044 | €260 | ▼ 99.2% |
| Trade receivables40 | - | €33,188 | €19,919 | €22,995 | €105 | ▼ 99.5% |
| Other amounts receivable41 | - | €135 | €8,369 | €8,049 | €155 | ▼ 98.1% |
| Cash at bank and in hand54/58 | €27,203 | €12,328 | €13,702 | €32,541 | €29,464 | ▼ 9.5% |
| Deferred charges and accrued income490/1 | - | €2,011 | €2,219 | €430 | €735 | ▲ 71.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €280,022 | €328,862 | €305,979 | €293,450 | €273,342 | ▼ 6.9% |
| Equity10/15 | €20,700 | €50,908 | €52,426 | €50,875 | €53,317 | ▲ 4.8% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,108 | €32,316 | €33,834 | €33,834 | €33,834 | = |
| Distributable reserves133 | - | €32,316 | €33,834 | €33,834 | €33,834 | = |
| Profit (loss) carried forward14 | -€100,865 | - | - | -€1,551 | €891 | ▲ 157% |
| Amounts payable17/49 | €259,322 | €277,953 | €253,553 | €242,575 | €220,026 | ▼ 9.3% |
| Amounts payable after more than one year17 | - | - | - | €9,568 | €4,056 | ▼ 57.6% |
| Financial debts170/4 | - | - | - | €9,568 | €4,056 | ▼ 57.6% |
| Amounts payable within one year42/48 | €259,322 | €277,953 | €253,553 | €233,007 | €215,970 | ▼ 7.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,450 | €6,335 | ▼ 15.0% |
| Financial debts43 | - | €5,009 | €8,478 | €0 | - | - |
| Credit institutions430/8 | - | €5,009 | €8,478 | €0 | - | - |
| Trade debts44 | €13,777 | €12,873 | €10,515 | €13,007 | €12,533 | ▼ 3.6% |
| Suppliers440/4 | - | €12,873 | €10,515 | €13,007 | €12,533 | ▼ 3.6% |
| Advances received on contracts in progress46 | - | €16,348 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €28,931 | €17,469 | €7,169 | €5,420 | ▼ 24.4% |
| Taxes450/3 | - | €28,931 | €17,469 | €7,169 | €5,420 | ▼ 24.4% |
| Other amounts payable47/48 | - | €214,793 | €217,091 | €205,380 | €191,681 | ▼ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,478 | €30,208 | €1,518 | -€1,551 | €2,442 | ▲ 257% |
| + Depreciation and write-downs630 | €7,286 | €10,117 | €10,117 | €4,575 | €9,602 | ▲ 110% |
| Operating cash flow (approximation) | €109,765 | €40,325 | €11,634 | €3,025 | €12,044 | ▲ 298% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,068 | -€15,000 | ▼ 625% |
| Change in cash | - | -€14,875 | €1,373 | €18,839 | -€3,077 | ▼ 116% |
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
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 109 days late
2024
31-12
Financial
Back to profitnet €2,442
Net result €2,442 after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Weakest financial yearnet -€1,551
Net result drops to -€1,551, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Highest result since 2018net €102,478 ▲20,604%
Operating result €108,517, net result €102,478, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 142 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 190 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2000
Ground area
614 m²
Building footprint
334 m²
Volume, LiDAR
10,970 m³
Parcel 11803C2249/00C000, Flanders · tallest building 39.5 m, ±11 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
Meirbrug 1, 2000 Antwerpen
since 20002.099.915.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C2249/00C000 | Flanders | 614 m² | 1 · 334 m² | 39.5 m · 11 fl. |
Linked by address, not proof of ownership
Good to know
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
MESDAMES GILBERT
BE 0770.926.801
Antwerpen · Eq €52,950
KIRA JEWELS
BE 1004.907.132
Antwerpen · Eq €52,015
EUROCOM TRADING
BE 0546.858.086
Antwerpen · Eq €50,845
PIERRE LANG BELGIUM
BE 0480.041.518
Schaarbeek · Eq €50,352
COPACABANA
BE 0433.320.774
Anderlecht · Eq €56,594
Of 566 companies in sector 46480 we hold annual accounts for 356. 247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46480Wholesale trade
32123Manufacture of jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473296850
Also
9925:BE0473296850
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.