MINATO
ActiveMINATO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €2k. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▲+3
Solvency96=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 8.8 against 4.72 in 2023; short-term debt: 9.5% and cash: 8.3% of total assets), and 29.1% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
70.9%
Return on assets
5.3%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
47 d late
2022
99 d late
2021
102 d late
2020
68 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€26k▲ 8.1%
2023 · €24k
2018: €52k
2019: €32k
2020: €11k
2021: €23k
2022: €10k
2023: €24k
2018 → 2024
Total assets
€37k▲ 8.7%
2023 · €34k
2018: €62k
2019: €55k
2020: €35k
2021: €37k
2022: €25k
2023: €34k
2018 → 2024
Net result
€2k▲ 60.7%
2023 · €1k
2018: €3k
2019: €-20k
2020: €-22k
2021: €12k
2022: €-12k
2023: €1k
2018 → 2024
Working capital
€27k▲ 26.9%
2023 · €21k
2018: €7k
2019: €-3k
2020: €-15k
2021: €6k
2022: €9k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€23k▲ 113%€10k▼ 53.9%€24k▲ 130%€26k▲ 8.1%
Operating result€-20k-€14k€-11k€3k€4k▲ 37.7%
Net result€-22k-€12k€-12k€1k€2k▲ 60.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37k
Fixed assets
€6k▼ 8.7%
Current assets
€31k▲ 12.9%
Equity and liabilities €37k
Equity
€26k▲ 8.1%
Debt
€11k▲ 10.4%
The debt ratio rises from 28.7% to 29.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▲
2023 · €5k
Cash flow
€5k▲
2023 · €4k
Solvency
70.9%▼
2023 · 71.3%
Current ratio
8.80▲
2023 · 4.72
Quick ratio
5.92▲
2023 · 3.39
Debt / equity
0.41▲
2023 · 0.40
ROE
7.5%▲
2023 · 5.0%
ROA
5.3%▲
2023 · 3.6%
Interest coverage
3.35▲
2023 · 3.19
Debt
€11k▲
2023 · €10k
Debt ≤ 1 year
€3k▼
2023 · €6k
Income taxes
€98▲
2023 · €94
Staff costs
€22k▼
2023 · €25k
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€34k€37k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€4k€3k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€639€2k▲
Furniture and vehicles24€1k-
Financial fixed assets28€2k€2k=
Current assets29/58€27k€31k▲
Stocks and contracts in progress3€8k€10k▲
Stocks30/36€8k€10k▲
Amounts receivable within one year40/41€17k€17k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1-€642
Equity and liabilities
Total equity and liabilities10/49€34k€37k▲
Equity10/15€24k€26k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€4k€6k▲
Amounts payable17/49€10k€11k▲
Amounts payable within one year42/48€6k€3k▼
Trade debts44€899€325▼
Suppliers440/4€899€325▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€783€142▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62€25k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€31k€30k▼
Operating profit (loss)9901€3k€4k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€1k€2k▲
Income taxes67/77€94€98▲
Profit (loss) for the period9904€1k€2k▲
Profit (loss) for the period to be appropriated9905€1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€6k▲
Profit (loss) brought forward from the previous period14P€2k€4k▲
Social balance
Average headcount (FTE)90870.70.5▼
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 47 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.72
Current ratio from 2.13 to 4.72; short-term debt falls from €8k to €6k.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 99 days late
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 102 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.38
Current ratio from 0.36 to 1.38; short-term debt falls from €24k to €14k.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 436 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 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, Antwerpen · 1 establishment unit since 2005
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.
Vlaamsekaai 612000 AntwerpenGround area
131 m²
Building footprint
153 m²
Volume, LiDAR
1,385 m³
Parcel 11811L3671/00P002, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MINATO
since 20052.147.934.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3671/00P002 | Flanders | 131 m² | 1 · 152 m² | 17.1 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.147.934.643
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 9,255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2005
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.