Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MYNCKE DECOR from Gent, company number BE0473177876, closed financial year 2025 with a result of € 631 after tax. For that financial year MYNCKE DECOR recorded a gross margin of € 402,494 and equity of € 214,306. Compared with financial year 2024, the result moved from € -40,670 to € 631. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 214,306
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 631
▲ still € 40,670 loss in 2024
Profit after tax over the fiscal year.
€ 382
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 195,706.
People and assets in 2025
5.3
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 334,462
▲ 2% vs 2024
€ 63,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,232
▲ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 265,357
▼ 17% vs 2024
€ 42,302 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 72,465
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,601
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 467,960 | € 398,262 | € 352,877 | € 402,494 | ▲ 14% |
| Profit after taxes | € 37,745 | € -26,503 | € -40,670 | € 631 | ▲ € 41,301 |
| Equity | € 280,849 | € 254,345 | € 213,675 | € 214,306 | |
| Total debts | € 614,559 | € 686,525 | € 578,506 | € 509,027 | ▼ 12% |
| Cash | € 2,626 | € 17,358 | - | € 382 | |
| Land & buildings | € 700,663 | € 667,186 | € 635,627 | € 604,838 | ▼ 5% |
| Retained profit | € 262,249 | € 235,745 | € 195,075 | € 195,706 | |
| Bank debt | € 408,276 | € 374,091 | € 321,037 | € 265,357 | ▼ 17% |
| Balance sheet total | € 895,408 | € 940,871 | € 792,181 | € 723,334 | ▼ 9% |
| Employees (FTE) | 7.2 | 6.5 | 5.1 | 5.3 | ▲ 0.2 |
Key figures of MYNCKE DECOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MYNCKE DECOR?
What happened at MYNCKE DECOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 631. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,745 profit in 2022 to € 631 profit in 2025.
Paid € 6,019 in corporate taxes since 2022.
Best year ever: 2022, with € 37,745 profit.
On average € 75,900 of value added per employee in 2025.
Management
Behind MYNCKE DECOR are Jo Myncke and Koen Myncke. Jo Myncke is also behind Embuild Connect Oost-Vlaanderen.
Directors
According to the 2025 annual accounts
Koen Myncke
Director
Establishments
Establishment units
Physical locations of this company
Pantserschipstraat 181 box 10
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →COOR SERVICE MANAGEMENT
€ 12.7 million revenue · 2025
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€ 3.9 million revenue · 2025
Perfecto - Elektro
€ 15,636 gross margin · 2025
Vereniging van mede-eigenaars van het bedrijvenpark te Gent, Pantserschipstraat 181
EM FINANCE
€ 22,736 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.177.876
- VAT number
- BE 0473.177.876
- Registered office
- Pantserschipstraat 181 bus 10, 9000 Gent
- Names & denominations
- MYNCKE DECOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2000
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
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Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
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