Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2024; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 7.2 to 5.1.
Financials
Financial year 2024
MYNCKE DECOR from Gent, company number BE0473177876, closed financial year 2024 with a result of € -40,670 after tax. For that financial year MYNCKE DECOR recorded a gross margin of € 352,877 and equity of € 213,675. Compared with financial year 2023, the result moved from € -26,503 to € -40,670. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 26, 2025.
€ 213,675
▼ 16% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,670
▼ 53 % more loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 195,075.
People and assets in 2024
5.1
▼ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 329,274
▼ 9% vs 2023
€ 64,600 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.
€ 3,684
▲ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 321,037
▼ 14% vs 2023
€ 40,562 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 111,606
▼ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 5,062
▼ 39% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 430,215 | € 467,960 | € 398,262 | € 352,877 | ▼ 11% |
| Profit after taxes | € -40,285 | € 37,745 | € -26,503 | € -40,670 | ▼ € 14,167 |
| Equity | € 243,103 | € 280,849 | € 254,345 | € 213,675 | ▼ 16% |
| Total debts | € 668,792 | € 614,559 | € 686,525 | € 578,506 | ▼ 16% |
| Cash | € 3,784 | € 2,626 | € 17,358 | - | |
| Land & buildings | € 732,510 | € 700,663 | € 667,186 | € 635,627 | ▼ 5% |
| Retained profit | € 224,503 | € 262,249 | € 235,745 | € 195,075 | ▼ 17% |
| Bank debt | € 440,605 | € 408,276 | € 374,091 | € 321,037 | ▼ 14% |
| Balance sheet total | € 911,895 | € 895,408 | € 940,871 | € 792,181 | ▼ 16% |
| Employees (FTE) | 9 | 7.2 | 6.5 | 5.1 | ▼ 1.4 |
Key figures of MYNCKE DECOR, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: loss of € 40,670. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,285 loss in 2021 to € 40,670 loss in 2024.
Paid € 10,447 in corporate taxes since 2021.
Best year ever: 2022, with € 37,745 profit.
On average € 69,200 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MYNCKE DECOR are Jo Myncke and Koen Myncke. Jo Myncke is also behind Embuild Connect Oost-Vlaanderen.
Directors
According to the 2024 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 7 companies are registered at this address.
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EM FINANCE
€ 22,736 gross margin · 2025
+2 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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