MINABO
ActiveSummary
MINABO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €111k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+22
Solvency52▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.27 in 2023; short-term debt: 16.7% and cash: 0% of total assets), and 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
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
27.1%
Return on assets
12.9%
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 28-10-2025, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2023
30 d late
2022
2 d late
2021
23 d early
2020
29 d early
2019
38 d early
2018
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€232k▲ 90.8%
2023 · €122k
2018: €82k
2019: €93k
2020: €92k
2021: €46k
2022: €96k
2023: €122k
2018 → 2025
Total assets
€857k▲ 11.2%
2023 · €771k
2018: €95k
2019: €97k
2020: €95k
2021: €710k
2022: €723k
2023: €771k
2018 → 2025
Net result
€111k▲ 334%
2023 · €25k
2018: €10k
2019: €11k
2020: €-603
2021: €-46k
2022: €50k
2023: €25k
2018 → 2025
Working capital
€14k
2023 · €-100k
2018: €74k
2019: €81k
2020: €87k
2021: €-104k
2022: €-85k
2023: €-100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€92k-€46k▼ 49.8%€96k▲ 108%€122k▲ 26.4%€232k▲ 90.8%
Operating result€3k-€-49k€60k€55k▼ 8.8%€182k▲ 233%
Net result€-603-€-46k▼ 7,510%€50k€25k▼ 49.1%€111k▲ 334%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €182k in 2025, compared with €55k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €857k
Fixed assets
€700k ▼ 4.7%
Current assets
€157k ▲ 335%
Equity and liabilities €857k
Equity
€232k ▲ 90.8%
Debt
€625k ▼ 3.7%
The debt ratio falls from 84.2% to 72.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€229k▲
2023 · €72k
Cash flow
€157k▲
2023 · €42k
Current ratio
1.10▲
2023 · 0.27
Debt / equity
2.69▼
2023 · 5.33
ROE
47.6%▲
2023 · 20.9%
ROA
12.9%▲
2023 · 3.3%
Interest coverage
8.10▲
2023 · 4.83
Debt ≤ 1 year
€143k▲
2023 · €136k
Debt > 1 year
€443k▼
2023 · €511k
Income taxes
€48k▲
2023 · €15k
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 2023 · 46 lines
Balance sheet
Code20232025
Assets
Total assets20/58€771k€857k▲
Fixed assets21/28€735k€700k▼
Tangible fixed assets22/27€735k€700k▼
Land and buildings22€724k€693k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€36k€157k▲
Amounts receivable within one year40/41€35k€156k▲
Trade receivables40€25k€63k▲
Other amounts receivable41€10k€93k▲
Cash at bank and in hand54/58-€9
Deferred charges and accrued income490/1€778€1k▲
Equity and liabilities
Total equity and liabilities10/49€771k€857k▲
Equity10/15€122k€232k▲
Contributions10/11€19k€19k=
Reserves13€103k€214k▲
Distributable reserves133€103k€214k▲
Amounts payable17/49€649k€625k▼
Amounts payable after more than one year17€511k€443k▼
Financial debts170/4€511k€443k▼
Amounts payable within one year42/48€136k€143k▲
Current portion of amounts payable after more than one year42€39k€42k▲
Financial debts43€5k€10k▲
Credit institutions430/8€5k€10k▲
Trade debts44€42k€19k▼
Suppliers440/4€42k€19k▼
Taxes, remuneration and social security45€49k€65k▲
Taxes450/3€49k€65k▲
Other amounts payable47/48€1k€7k▲
Accrued charges and deferred income492/3€3k€39k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€46k▲
Other operating charges640/8€4k€11k▲
Gross operating margin9900€76k€240k▲
Operating profit (loss)9901€55k€182k▲
Financial income75/76B€432€4k▲
Recurring financial income75€432€4k▲
Financial charges65/66B€15k€28k▲
Recurring financial charges65€15k€28k▲
Profit (loss) for the period before taxes9903€40k€158k▲
Income taxes67/77€15k€48k▲
Profit (loss) for the period9904€25k€111k▲
Profit (loss) for the period to be appropriated9905€25k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€111k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€25k€111k▲
To other reserves6921€25k€111k▲
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
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2018net €111k ▲334%
Operating result €182k, net result €111k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 1.10
Current ratio from 0.27 to 1.10.
30-06
Financial
Equity above €200kEq €232k ▲90.8%
3 profitable years in a row build equity to €232k.
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Equity above €100kEq €122k ▲26.4%
2 profitable years in a row build equity to €122k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €50k
Net result €50k after 2 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Liquidity triplescurrent ratio 19.93
Current ratio from 7.92 to 19.93; short-term debt falls from €11k to €4k.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zedelgem · 1 establishment unit since 2020
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.
Loppemsestraat 398210 ZedelgemGround area
2,006 m²
Building footprint
431 m²
Volume, LiDAR
1,783 m³
Parcel 31017E0560/00S000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MINABO BV
since 20202.310.606.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0560/00S000 | Flanders | 2,006 m² | 1 · 431 m² | 10.0 m · 1 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
AD REAL ESTATE
BE 0656.747.210
Lasne · Eq €232,294
Groupe B.C.L.
BE 0418.728.511
Namur · Eq €232,134
JORESTATE
BE 0847.985.876
Kapellen · Eq €232,103
SCREMERS
BE 0567.552.740
Antwerpen · Eq €232,090
DIAZ IMMO
BE 0724.837.250
Waimes · Eq €232,651
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2011
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
46180Agents specialised in the wholesale of other particular products
58190Other publishing activities, excluding software publishing
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.