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Mingneau

Active
Private limited companyfounded 20188 yrs activeGeluwestraat 130, 8940 Wervik, BelgiumKBO/BCE: BE 0692.605.239
Summary

Mingneau has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €444,004. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 12331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch ReportCompare
MingneauActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of meat and meat products, excluding game and poultry
NACE 47221
#3 employer in Wervik, Wholesale and retail trade sector1 site
Size
€2.9mtotal assets 2025
Staff
28.6 FTE
Equity
€1.8m
Profit
€444,004
Turnover not published (abridged schema)
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Accounts 7 d early0 of 3 deeds read
Why 86- Size: 28.6 FTE, total assets €2.9m+ Profit of €444,004 (FY 2025)+ Liquidity: current ratio 4.11, cash €228,457+ Equity €1.8m (59.5% of total assets)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 84% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 84+10
equity 59.5% of total assets
Liquidity 60+2
short-term debt 8.2% · cash 7.8%
Profitability 88+3
return on assets 15.1%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,683 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +1.4% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +0.7% vs 04-2025 06-2025: 0.2%▲ +24.2% vs 05-2025 07-2025: 0.2%▲ +14.1% vs 06-2025 08-2025: 0.2%▲ +10.9% vs 07-2025 09-2025: 0.3%▲ +32.9% vs 08-2025 10-2025: 0.4%▲ +23.8% vs 09-2025 11-2025: 0.3%▼ -10.6% vs 10-2025 12-2025: 0.3%▼ -6.1% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▲ +2.2% vs 03-2026 05-2026: 0.3%▼ -15.8% vs 04-2026 06-2026: 0.3%▲ +18.7% vs 05-2026 07-2026: 0.4%▲ +12.7% vs 06-2026 08-2026: 0.4%▼ -4.6% vs 07-2026 09-2026: 0.4%▲ +11.3% vs 08-2026 10-2026: 0.5%▲ +25.3% vs 09-2026highest value
  • Profit of €444,004 (FY 2025) lowers the probability
  • Liquidity: current ratio 4.11, cash €228,457 lowers the probability
  • Equity €1.8m (59.5% of total assets) lowers the probability
  • Size: 28.6 FTE, total assets €2.9m raises the probability for this profile
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 4.11 against 1.95 in 2024; short-term debt: 8.2% and cash: 7.8% of total assets), and 40.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 80%, liquidity 80%, profitability 90%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Profit of €444,004 (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.11, cash €228,457
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €1.8m (59.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: 28.6 FTE, total assets €2.9m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
7 d early
2024
27 d early
2023
7 d early
2022
3 d early
2021
14 d late
2020
17 d late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 24 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close04-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2019net €444,004 ▲26%
  3. Liquidity doublescurrent ratio 4.11

Key points

  • Positive: Among the best 5% on net resultsector median €28,427 · 12,319 companies €444,004 View
  • Positive: 7 profitable years in a rowprofit 2025: €444,004 7 years View
  • Positive: Equity rose in 2025from €1.3m to €1.8m ▲ 34.0% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.9m
Profit
€444,004
Solvency
59.5%
Total assets▲ 10.5%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2019
Next accounts
by 31-10-2026
  1. 24-10-2025Annual accounts filed
  2. 31-03-2025Highest result since 2019
  3. 31-03-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of meat and meat products, excluding…NACE 47221
Founded
15-03-2018
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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