MINNEVOET
ActiveMINNEVOET has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.61M and a net result of €117k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73=
Solvency72▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.06 in 2024; short-term debt: 52% and cash: 4.2% of total assets), and 53.1% 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○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
46.9%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
21 d late
2023
19 d late
2022
39 d early
2021
24 d late
2020
37 d early
2019
18 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.61M▲ 7.8%
2024 · €1.49M
2018: €729k
2019: €877k
2020: €1.01M
2021: €1.12M
2022: €1.26M
2023: €1.38M
2024: €1.49M
2018 → 2025
Total assets
€3.43M▼ 2.6%
2024 · €3.52M
2018: €3.56M
2019: €3.51M
2020: €3.43M
2021: €3.55M
2022: €3.60M
2023: €3.62M
2024: €3.52M
2018 → 2025
Net result
€117k▲ 5.2%
2024 · €111k
2018: €37k
2019: €148k
2020: €132k
2021: €111k
2022: €141k
2023: €120k
2024: €111k
2018 → 2025
Working capital
€-1.61M▲ 14.0%
2024 · €-1.87M
2018: €-2.72M
2019: €-2.50M
2020: €-2.35M
2021: €-2.22M
2022: €-2.05M
2023: €-2.09M
2024: €-1.87M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.12M-€1.26M▲ 12.6%€1.38M▲ 9.5%€1.49M▲ 8.0%€1.61M▲ 7.8%
Operating result€137k-€177k▲ 29.0%€159k▼ 9.9%€148k▼ 7.0%€156k▲ 5.4%
Net result€111k-€141k▲ 27.3%€120k▼ 14.9%€111k▼ 7.6%€117k▲ 5.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€3.25M▼ 4.3%
Current assets
€172k▲ 49.9%
Equity and liabilities €3.43M
Equity
€1.61M▲ 7.8%
Debt
€1.82M▼ 10.2%
The debt ratio falls from 57.6% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€359k▲
2024 · €344k
Cash flow
€320k▲
2024 · €307k
Solvency
46.9%▲
2024 · 42.4%
Current ratio
0.10▲
2024 · 0.06
Quick ratio
0.10▲
2024 · 0.06
Debt / equity
1.13▼
2024 · 1.36
ROE
7.3%▼
2024 · 7.4%
ROA
3.4%▲
2024 · 3.2%
Interest coverage
950.85▲
2024 · 780.84
Debt
€1.82M▼
2024 · €2.02M
Debt ≤ 1 year
€1.78M▼
2024 · €1.99M
Debt > 1 year
€37k▲
2024 · €36k
Income taxes
€39k▲
2024 · €37k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.52M€3.43M▼
Fixed assets21/28€3.40M€3.25M▼
Tangible fixed assets22/27€3.40M€3.25M▼
Land and buildings22€3.40M€3.25M▼
Current assets29/58€115k€172k▲
Amounts receivable within one year40/41€29k€29k▲
Trade receivables40€29k€29k▲
Cash at bank and in hand54/58€84k€143k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€3.52M€3.43M▼
Equity10/15€1.49M€1.61M▲
Contributions10/11€110k€110k=
Capital10€110k€110k=
Issued capital100€110k€110k=
Reserves13€411k€411k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Distributable reserves133€400k€400k=
Profit (loss) carried forward14€970k€1.09M▲
Amounts payable17/49€2.02M€1.82M▼
Amounts payable after more than one year17€36k€37k▲
Other amounts payable178/9€36k€37k▲
Amounts payable within one year42/48€1.99M€1.78M▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€1.98M€1.78M▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€203k▲
Other operating charges640/8€43k€45k▲
Gross operating margin9900€388k€404k▲
Operating profit (loss)9901€148k€156k▲
Financial income75/76B€268-
Recurring financial income75€268-
Financial charges65/66B€441€378▼
Recurring financial charges65€441€378▼
Profit (loss) for the period before taxes9903€148k€156k▲
Income taxes67/77€37k€39k▲
Profit (loss) for the period9904€111k€117k▲
Profit (loss) for the period to be appropriated9905€111k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€970k€1.09M▲
Profit (loss) brought forward from the previous period14P€859k€970k▲
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.01M ▲15%
3 profitable years in a row build equity to €1.01M.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €148k ▲299%
Operating result €215k, net result €148k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Gent
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.
Gentbruggestraat 1469040 GentGround area
211 m²
Building footprint
84 m²
Volume, LiDAR
775 m³
Parcel 44432C1118/00H002, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1118/00H002 | Flanders | 211 m² | 1 · 84 m² | 12.3 m · 3 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.
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Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 3,815 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-08-1996
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.