BOUWPROJECTEN MINNAERT-BERTH
ActiveBOUWPROJECTEN MINNAERT-BERTH has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €713k and a net result of €544k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+8
Solvency62▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.77 in 2024; short-term debt: 47% and cash: 46.1% of total assets), but 63.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.6%
Return on assets
27.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
32 d early
2021
32 d early
2020
32 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€713k▲ 17.0%
2024 · €610k
2019: €353k
2020: €428k
2021: €512k
2022: €502k
2023: €526k
2024: €610k
2019 → 2025
Total assets
€1.95M▲ 3.3%
2024 · €1.89M
2019: €927k
2020: €1.11M
2021: €1.12M
2022: €1.57M
2023: €2.03M
2024: €1.89M
2019 → 2025
Net result
€544k▲ 58.0%
2024 · €344k
2019: €40k
2020: €124k
2021: €159k
2022: €90k
2023: €133k
2024: €344k
2019 → 2025
Working capital
€638k▼ 0.8%
2024 · €643k
2019: €412k
2020: €594k
2021: €651k
2022: €740k
2023: €587k
2024: €643k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€512k-€502k▼ 1.9%€526k▲ 4.7%€610k▲ 16.0%€713k▲ 17.0%
Operating result€200k-€124k▼ 37.9%€182k▲ 47.1%€410k▲ 125%€614k▲ 49.9%
Net result€159k-€90k▼ 43.3%€133k▲ 47.5%€344k▲ 158%€544k▲ 58.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.95M
Fixed assets
€396k▼ 3.5%
Current assets
€1.55M▲ 5.2%
Equity and liabilities €1.95M
Equity
€713k▲ 17.0%
Debt
€1.24M▼ 3.2%
The debt ratio falls from 67.7% to 63.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€716k▲
2024 · €505k
Cash flow
€645k▲
2024 · €439k
Solvency
36.6%▲
2024 · 32.3%
Current ratio
1.70▼
2024 · 1.77
Quick ratio
1.61▲
2024 · 0.78
Debt / equity
1.74▼
2024 · 2.10
ROE
76.2%▲
2024 · 56.4%
ROA
27.9%▲
2024 · 18.2%
Interest coverage
27.72▲
2024 · 16.71
Debt
€1.24M▼
2024 · €1.28M
Debt ≤ 1 year
€917k▲
2024 · €835k
Debt > 1 year
€250k▼
2024 · €346k
Income taxes
€62k▲
2024 · €39k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.89M€1.95M▲
Fixed assets21/28€411k€396k▼
Tangible fixed assets22/27€411k€396k▼
Land and buildings22€146k€129k▼
Plant, machinery and equipment23€214k€169k▼
Furniture and vehicles24€52k€98k▲
Current assets29/58€1.48M€1.55M▲
Stocks and contracts in progress3€827k€80k▼
Stocks30/36€17k€21k▲
Contracts in progress37€810k€58k▼
Amounts receivable within one year40/41€505k€561k▲
Trade receivables40€469k€526k▲
Other amounts receivable41€36k€35k▼
Cash at bank and in hand54/58€139k€900k▲
Deferred charges and accrued income490/1€7k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.95M▲
Equity10/15€610k€713k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€460k€563k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€445k€548k▲
Amounts payable17/49€1.28M€1.24M▼
Amounts payable after more than one year17€346k€250k▼
Financial debts170/4€284k€250k▼
Other amounts payable178/9€62k-
Amounts payable within one year42/48€835k€917k▲
Current portion of amounts payable after more than one year42€100k€111k▲
Trade debts44€263k€209k▼
Suppliers440/4€263k€209k▼
Taxes, remuneration and social security45€26k€21k▼
Taxes450/3€26k€21k▼
Other amounts payable47/48€446k€575k▲
Accrued charges and deferred income492/3€98k€71k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€102k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€508k€720k▲
Operating profit (loss)9901€410k€614k▲
Financial income75/76B€3k€18k▲
Recurring financial income75€3k€18k▲
Financial charges65/66B€30k€26k▼
Recurring financial charges65€30k€26k▼
Profit (loss) for the period before taxes9903€383k€606k▲
Income taxes67/77€39k€62k▲
Profit (loss) for the period9904€344k€544k▲
Profit (loss) for the period to be appropriated9905€344k€544k▲
Appropriation of the result
Profit (loss) to be appropriated9906€344k€544k▲
Transfer from equity791/2€10k€40k▲
Transfer to equity691/2€94k€144k▲
To other reserves6921€94k€144k▲
Profit to be distributed694/7€260k€440k▲
Return on contributions (dividend)694€10k€40k▲
Directors or managers695€250k€400k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €544k ▲58%
Operating result €614k, net result €544k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €500kEq €512k ▲19.7%
3 profitable years in a row build equity to €512k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kaprijke · 1 establishment unit since 1990
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.
Eeklostraat 969971 KaprijkeGround area
626 m²
Building footprint
111 m²
Volume, LiDAR
208 m³
Parcel 43009B0856/00R000, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BOUWPROJECTEN MINNAERT-BERTH
since 19902.130.502.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B0856/00R000indicative | Flanders | 626 m² | 1 · 111 m² | 2.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 328 EUR awarded · 328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 328 EUR | 328 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 7,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-04-1992
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.