MINARS
ActiveSummary
The computed 12-month bankruptcy probability of MINARS is 2.1% (moderate). The 2025 annual accounts show equity of €27k and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 13305 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency51▼-46
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.88 against 3.22 in 2024; short-term debt: 74.1% and cash: 19.1% of total assets), and 74.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
25.9%
Return on assets
-17%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
on the day
2022
1 d late
2021
4 d early
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▼ 39.6%
2024 · €44k
2019: €21k
2020: €12k
2021: €5k
2022: €7k
2023: €27k
2024: €44k
2019 → 2025
Total assets
€102k▲ 67.0%
2024 · €61k
2019: €22k
2020: €77k
2021: €13k
2022: €30k
2023: €49k
2024: €61k
2019 → 2025
Net result
€-17k
2024 · €16k
2019: €1k
2020: €-9k
2021: €-7k
2022: €2k
2023: €21k
2024: €16k
2019 → 2025
Working capital
€-9k
2024 · €39k
2019: €16k
2020: €6k
2021: €-898
2022: €933
2023: €22k
2024: €39k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€7k▲ 33.5%€27k▲ 320%€44k▲ 59.7%€27k▼ 39.6%
Operating result€-7k-€2k€22k▲ 1,055%€22k▲ 3.0%€-12k
Net result€-7k-€2k€21k▲ 1,177%€16k▼ 21.6%€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€36k ▲ 601%
Current assets
€67k ▲ 18.6%
Equity and liabilities €102k
Equity
€27k ▼ 39.6%
Debt
€76k ▲ 335%
Debt's share of the balance-sheet total rises from 28.4% to 74.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €23k
Cash flow
€-10k▼
2024 · €17k
Current ratio
0.88▼
2024 · 3.22
Quick ratio
0.79▼
2024 · 3.08
Debt to equity
2.86▲
2024 · 0.40
ROE
-65.6%▼
2024 · 37.4%
ROA
-17.0%▼
2024 · 26.8%
Interest coverage
-0.79▼
2024 · 19.93
Debt ≤ 1 year
€76k▲
2024 · €17k
Income taxes
€192▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€102k▲
Fixed assets21/28€5k€36k▲
Tangible fixed assets22/27€5k€36k▲
Plant, machinery and equipment23€5k€9k▲
Furniture and vehicles24-€27k
Current assets29/58€56k€67k▲
Stocks and contracts in progress3€2k€6k▲
Stocks30/36€2k€6k▲
Amounts receivable within one year40/41€9k€41k▲
Trade receivables40€8k€39k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€44k€20k▼
Deferred charges and accrued income490/1€1k€50▼
Equity and liabilities
Total equity and liabilities10/49€61k€102k▲
Equity10/15€44k€27k▼
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€24k€7k▼
Amounts payable17/49€17k€76k▲
Amounts payable within one year42/48€17k€76k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€9k€44k▲
Suppliers440/4€9k€44k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€7k€6k▼
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€48€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€720€8k▲
Other operating charges640/8€933€1k▲
Gross operating margin9900€24k€-3k▼
Operating profit (loss)9901€22k€-12k▼
Financial income75/76B€27€0▼
Recurring financial income75€27€0▼
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€21k€-17k▼
Income taxes67/77€5k€192▼
Profit (loss) for the period9904€16k€-17k▼
Profit (loss) for the period to be appropriated9905€16k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€7k▼
Profit (loss) brought forward from the previous period14P€8k€24k▲
The notes to these accounts (5 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-17k ▼206%
Net result drops to €-17k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €21k ▲1177%
Net result €21k, the highest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 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.
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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, Oudsbergen · 1 establishment unit since 2017
Ground area
305 m²
Building footprint
187 m²
Volume, LiDAR
824 m³
Parcel 71562B0904/00E020, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EURO KEBAP
since 20172.260.300.631
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0904/00E020 | Flanders | 305 m² | 1 · 187 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudsbergen2.260.300.631
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,319 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 (pre-2019)
Founded18-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.