MN DISTRIBUTION
ActiveMN DISTRIBUTION has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-20k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 30% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-35
Solvency41▼-14
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.27 in 2024; short-term debt: 78.9% and cash: 0.6% of total assets), and 84.1% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
15.9%
Return on assets
-3.6%
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 05-08-2026, 5 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
5 d late
2024
60 d late
2023
59 d late
2022
143 d late
2021
27 d late
2020
31 d late
2019
29 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€758k▲ 84.0%
2018 · €412k
2018: €412k
2018 → 2021
EBIT margin
-0.8%▼ 4.3pp
2018 · 3.5%
2018: 3.5%
2018 → 2021
Net result
€-20k
2024 · €6k
2018: €3k
2019: €4k
2020: €5k
2021: €-12k
2022: €10k
2023: €8k
2024: €6k
2018 → 2025
Working capital
€32k▼ 41.7%
2024 · €55k
2018: €53k
2019: €31k
2020: €43k
2021: €33k
2022: €46k
2023: €51k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€758k-
Equity€81k-€91k▲ 12.2%€99k▲ 8.9%€105k▲ 6.5%€86k▼ 18.6%
Operating result€-6k-€23k€19k▼ 16.0%€21k▲ 7.1%€-15k
Net result€-12k-€10k€8k▼ 14.7%€6k▼ 27.9%€-20k
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 €15k after €21k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541k
Fixed assets
€82k▼ 14.2%
Current assets
€459k▲ 78.3%
Equity and liabilities €541k
Equity
€86k▼ 18.6%
Debt
€456k▲ 83.7%
The debt ratio rises from 70.2% to 84.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €34k
Cash flow
€-6k▼
2024 · €20k
Solvency
15.9%▼
2024 · 29.8%
Current ratio
1.07▼
2024 · 1.27
Quick ratio
0.97▼
2024 · 1.08
Debt / equity
5.31▲
2024 · 2.35
ROE
-22.8%▼
2024 · 5.8%
ROA
-3.6%▼
2024 · 1.7%
Interest coverage
-0.36▼
2024 · 3.38
Debt
€456k▲
2024 · €248k
Debt ≤ 1 year
€427k▲
2024 · €202k
Debt > 1 year
€29k▼
2024 · €45k
Staff costs
€72k▲
2024 · €71k
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€353k€541k▲
Fixed assets21/28€96k€82k▼
Tangible fixed assets22/27€96k€82k▼
Land and buildings22€82k€71k▼
Plant, machinery and equipment23€14k€11k▼
Current assets29/58€257k€459k▲
Stocks and contracts in progress3€38k€46k▲
Stocks30/36€38k€46k▲
Amounts receivable within one year40/41€211k€410k▲
Trade receivables40€210k€409k▲
Other amounts receivable41€888€888=
Cash at bank and in hand54/58€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€353k€541k▲
Equity10/15€105k€86k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€85k€65k▼
Amounts payable17/49€248k€456k▲
Amounts payable after more than one year17€45k€29k▼
Financial debts170/4€45k€29k▼
Amounts payable within one year42/48€202k€427k▲
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€66k€235k▲
Suppliers440/4€66k€235k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€37k€31k▼
Taxes450/3€21k€19k▼
Remuneration and social security454/9€16k€13k▼
Other amounts payable47/48€83k€139k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€578€571k▲
Remuneration, social security and pensions62€71k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€9k€8k▼
Gross operating margin9900€114k€79k▼
Operating profit (loss)9901€21k€-15k▼
Financial income75/76B-€230
Recurring financial income75-€230
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€11k€-20k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€6k€-20k▼
Profit (loss) for the period to be appropriated9905€6k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€65k▼
Profit (loss) brought forward from the previous period14P€79k€85k▲
The notes to these accounts (7 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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Weakest financial yearnet €-20k ▼421%
Net result drops to €-20k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €100kEq €105k ▲6.5%
3 profitable years in a row build equity to €105k.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Anderlecht · 1 establishment unit since 2009
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.
Heyvaertstraat 150A1070 AnderlechtGround area
528 m²
Building footprint
345 m²
Volume, LiDAR
5,276 m³
Parcel 21304B0131/00G005, Brussels · tallest building 20.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Heyvaertstraat 150A, 1070 Anderlecht
since 20092.185.313.988
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0131/00G005 | Brussels | 528 m² | 1 · 345 m² | 20.3 m · 5 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 siteAnderlecht2.185.313.988
Similar companies · same sector, comparable size
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BE 0475.408.579
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CASSE-NOIX 7
BE 0764.597.748
Watermaal-Bosvoorde · Eq €87k
Groenten en Fruit Vandeweghe
BE 1007.383.008
Lokeren · Eq €85k
CIRCULACOOP
BE 0756.850.418
Charleroi · Eq €85k
Of 956 companies in sector 46319 we hold annual accounts for 609. 365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2005
Fiscal year end31-12
Activities, NACEBEL
46319Wholesale of fruit and vegetables, excluding potatoes
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
51310
52112
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.