MINCKE THIJS
ActiveThe computed 12-month bankruptcy probability of MINCKE THIJS is 2.2% (moderate). The 2024 annual accounts show equity of €34k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7447 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-5
Solvency29▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.0 in 2023; short-term debt: 27.9% and cash: 4% of total assets), and 95.7% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
4.3%
Return on assets
3.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7447 sector peers (2024).
NBB · sector comparisonPosition among 7447 sector peers
Solvency
better than 8%
← weakest
strongest →
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
192021222324
2019 to 2024 · latest year €34k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
20 d late
2022
32 d early
2021
26 d early
2020
7 d early
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€34k▲ 665%
2023 · €4k
2019: €-15k
2020: €386
2021: €1k
2022: €507
2023: €4k
2019 → 2024
Total assets
€775k▲ 52.2%
2023 · €509k
2019: €99k
2020: €359k
2021: €415k
2022: €425k
2023: €509k
2019 → 2024
Net result
€29k▲ 652%
2023 · €4k
2019: €-23k
2020: €5k
2021: €877
2022: €-756
2023: €4k
2019 → 2024
Working capital
€-36k▼ 3,306%
2023 · €-1k
2019: €-22k
2020: €-23k
2021: €-15k
2022: €11k
2023: €-1k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€386-€1k▲ 227%€507▼ 59.8%€4k▲ 767%€34k▲ 665%
Operating result€6k-€3k▼ 39.4%€4k▲ 10.7%€16k▲ 332%€50k▲ 209%
Net result€5k-€877▼ 80.6%€-756€4k€29k▲ 652%
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 2021 the operating result has climbed three years in a row; 2024 is 209% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €775k
Fixed assets
€595k▲ 113%
Current assets
€180k▼ 21.9%
Equity and liabilities €775k
Equity
€34k▲ 665%
Debt
€741k▲ 46.9%
The debt ratio falls from 99.1% to 95.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▲
2023 · €46k
Cash flow
€51k▲
2023 · €34k
Solvency
4.3%▲
2023 · 0.9%
Current ratio
0.83▼
2023 · 1.00
Quick ratio
0.50▼
2023 · 0.61
Debt / equity
22.03
ROE
86.9%▼
2023 · 88.5%
ROA
3.8%▲
2023 · 0.8%
Interest coverage
3.42▼
2023 · 4.52
Debt
€741k▲
2023 · €504k
Debt ≤ 1 year
€216k▼
2023 · €231k
Debt > 1 year
€525k▲
2023 · €273k
Income taxes
€5k▼
2023 · €5k
Staff costs
€196k▼
2023 · €206k
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€509k€775k▲
Fixed assets21/28€279k€595k▲
Tangible fixed assets22/27€279k€595k▲
Land and buildings22€168k€498k▲
Plant, machinery and equipment23€8k€12k▲
Furniture and vehicles24€103k€85k▼
Current assets29/58€230k€180k▼
Stocks and contracts in progress3€88k€71k▼
Stocks30/36€33k€26k▼
Contracts in progress37€55k€45k▼
Amounts receivable within one year40/41€114k€77k▼
Trade receivables40€92k€47k▼
Other amounts receivable41€22k€30k▲
Cash at bank and in hand54/58€23k€31k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€509k€775k▲
Equity10/15€4k€34k▲
Contributions10/11€9k€9k=
Profit (loss) carried forward14€-4k€25k▲
Amounts payable17/49€504k€741k▲
Amounts payable after more than one year17€273k€525k▲
Financial debts170/4€273k€525k▲
Amounts payable within one year42/48€231k€216k▼
Current portion of amounts payable after more than one year42€92k€83k▼
Trade debts44€122k€120k▼
Suppliers440/4€122k€120k▼
Advances received on contracts in progress46€127€127=
Taxes, remuneration and social security45€17k€2k▼
Taxes450/3€9k-
Remuneration and social security454/9€8k€2k▼
Other amounts payable47/48€60€10k▲
Accrued charges and deferred income492/3-€200
Income statement
Code20232024
Remuneration, social security and pensions62€206k€196k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€-13k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€272k€255k▼
Operating profit (loss)9901€16k€50k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€10k€21k▲
Recurring financial charges65€10k€21k▲
Profit (loss) for the period before taxes9903€9k€34k▲
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€4k€29k▲
Profit (loss) for the period to be appropriated9905€4k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€25k▲
Profit (loss) brought forward from the previous period14P€-8k€-4k▲
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €29k ▲652%
Operating result €50k, net result €29k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brakel · 1 establishment unit since 2018
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.
Industrielaan 569660 BrakelGround area
1,248 m²
Building footprint
641 m²
Parcel 45034C0887/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Mincke Thijs
since 20182.281.436.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45034C0887/00H000 | Flanders | 1,248 m² | 1 · 641 m² | - |
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 to 2025 · 3 entries · 452 EUR awarded · 353 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 0 EUR |
| 2023 | 1 | 179 EUR | 179 EUR |
| 2022 | 1 | 174 EUR | 174 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 6,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2018
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43410Roofing work
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:thijs.mincke@telenet.be
Phone:055/605312