MYNCKE DECOR
ActiveMYNCKE DECOR has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €214k and a net result of €-41k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▼-11
Solvency52=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.71 in 2023; short-term debt: 39.5% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
27%
Return on assets
-5.1%
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
18192021222324
2018 to 2024 · latest year €-41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
64 d late
2022
24 d late
2021
17 d late
2020
61 d late
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€214k▼ 16.0%
2023 · €254k
2018: €321k
2019: €316k
2020: €283k
2021: €243k
2022: €281k
2023: €254k
2018 → 2024
Total assets
€792k▼ 15.8%
2023 · €941k
2018: €874k
2019: €1.08M
2020: €1.02M
2021: €912k
2022: €895k
2023: €941k
2018 → 2024
Net result
€-41k▼ 53.5%
2023 · €-27k
2018: €-24k
2019: €-5k
2020: €-32k
2021: €-40k
2022: €38k
2023: €-27k
2018 → 2024
Working capital
€-162k▼ 48.2%
2023 · €-109k
2018: €210k
2019: €-54k
2020: €-75k
2021: €-116k
2022: €-72k
2023: €-109k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€283k-€243k▼ 14.2%€281k▲ 15.5%€254k▼ 9.4%€214k▼ 16.0%
Operating result€-11k-€-15k▼ 41.0%€58k€-9k€-23k▼ 145%
Net result€-32k-€-40k▼ 24.2%€38k€-27k€-41k▼ 53.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €9k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €792k
Fixed assets
€641k▼ 4.5%
Current assets
€151k▼ 43.9%
Equity and liabilities €792k
Equity
€214k▼ 16.0%
Debt
€579k▼ 15.7%
The debt ratio rises from 73.0% to 73.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €27k
Cash flow
€-7k▼
2023 · €10k
Solvency
27.0%▼
2023 · 27.0%
Current ratio
0.48▼
2023 · 0.71
Quick ratio
0.26▼
2023 · 0.54
Debt / equity
2.71▲
2023 · 2.70
ROE
-19.0%▼
2023 · -10.4%
ROA
-5.1%▼
2023 · -2.8%
Interest coverage
0.61▼
2023 · 1.52
Debt
€579k▼
2023 · €687k
Debt ≤ 1 year
€313k▼
2023 · €379k
Debt > 1 year
€265k▼
2023 · €306k
Income taxes
€504▼
2023 · €516
Staff costs
€329k▼
2023 · €361k
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€941k€792k▼
Fixed assets21/28€672k€641k▼
Tangible fixed assets22/27€672k€641k▼
Land and buildings22€667k€636k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€4k▲
Financial fixed assets28€38€621▲
Current assets29/58€269k€151k▼
Stocks and contracts in progress3€65k€69k▲
Stocks30/36€65k€69k▲
Amounts receivable within one year40/41€174k€77k▼
Trade receivables40€164k€67k▼
Other amounts receivable41€10k€10k▲
Current investments50/53€293€293▲
Cash at bank and in hand54/58€17k-
Deferred charges and accrued income490/1€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€941k€792k▼
Equity10/15€254k€214k▼
Contributions10/11€19k€19k=
Reserves13€262k€195k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€260k€195k▼
Profit (loss) carried forward14€-27k-
Amounts payable17/49€687k€579k▼
Amounts payable after more than one year17€306k€265k▼
Financial debts170/4€306k€265k▼
Amounts payable within one year42/48€379k€313k▼
Current portion of amounts payable after more than one year42€44k€41k▼
Financial debts43€25k€15k▼
Credit institutions430/8€25k€15k▼
Trade debts44€174k€112k▼
Suppliers440/4€174k€112k▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€232€246▲
Remuneration and social security454/9€8k€5k▼
Other amounts payable47/48€128k€141k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Non-recurring operating income76A€21k-
Remuneration, social security and pensions62€361k€329k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€33k▼
Other operating charges640/8€10k€13k▲
Gross operating margin9900€398k€353k▼
Operating profit (loss)9901€-9k€-23k▼
Financial income75/76B€1k€127▼
Recurring financial income75€1k€127▼
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€-26k€-40k▼
Income taxes67/77€516€504▼
Profit (loss) for the period9904€-27k€-41k▼
Profit (loss) for the period to be appropriated9905€-27k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-67k▼
Profit (loss) brought forward from the previous period14P-€-27k
Transfer from equity791/2-€67k
Social balance
Average headcount (FTE)90876.55.1▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Back to profitnet €38k
Net result €38k after 4 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
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, Gent · 1 establishment unit since 2000
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.
Pantserschipstraat 1819000 GentGround area
8,317 m²
Building footprint
2,087 m²
Volume, LiDAR
13,513 m³
Parcel 44813S0428/00M003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MYNCKE DECOR
since 20002.099.976.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813S0428/00M003 | Flanders | 8,317 m² | 1 · 2,087 m² | 8.0 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
CV DECOR
BE 0540.597.430
Sambreville · Eq €213k
MERTENS INTERIEUR
BE 0787.497.963
Hoogstraten · Eq €214k
CAMELEON
BE 0830.231.611
Gent · Eq €213k
TWIN PAINT
BE 0867.752.595
Geel · Eq €213k
G.A.W. DETAIL HANDEL
BE 0452.285.066
Schilde · Eq €215k
Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 2,008 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-2000
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43333Wallpapering and laying of floor and wall coverings in other materials
45433
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.