ACTIVE

MINERVA NWE

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Financial year 2025 · Closed on 30/09/2025

Net result81,5 k €-89,3 %over 1 year

Revenue17 M €+69,8 %over 1 year

Equity29 M €+0,3 %over 1 year

Workforce1,0 ETP-50,0 %over 1 year

Identity

Source · BCE/KBO

MINERVA NWE is a Public limited company incorporated in 1972. Its main activity is: Non-specialised wholesale trade. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0412.527.142
Incorporation: 01/08/1972
Legal form: Public limited company
Registered office: Scheldelaan 470
2040 Antwerpen · FlandreSee on map
Contributed capital: 7 146 084,76 €
Latest accounts: 30/09/2025
Average workforce: 1,0 ETP

Activities (NACE)

46900Non-specialised wholesale trade· main 46900Non-specialised wholesale trade 51900Air transport 52250Support activities for transportation 52290Other transportation support activities 61200Wireless telecommunications activities+8

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 25 filings

Trend over 8 financial years

	2025		2024		2023		2022		2009
Income statement
Revenue	17 M €	+69.8%	10 M €	+72.4%	5,8 M €	-77.4%	25,6 M €	-97.0%	843,6 M €
EBITDA	-1,8 M €	-41.2%	-1,2 M €	-17.4%	-1,1 M €	-212%	-340,7 k €	-109%	3,7 M €
Operating result	-1,8 M €	-40.3%	-1,3 M €	-14.5%	-1,1 M €	-162%	-420,3 k €	-113%	3,2 M €
Net result	81,5 k €	-89.3%	764,5 k €	+266%	208,9 k €	+960%	19,7 k €	-98.6%	1,4 M €
Balance sheet
Equity	29 M €	+0.3%	29 M €	+2.7%	28,2 M €	+0.7%	28 M €	+83.3%	15,3 M €
Total assets	29,1 M €	-2.4%	29,8 M €	-19.1%	36,9 M €	+3.3%	35,7 M €	-50.7%	72,4 M €
Cash	316 k €	+53.7%	205,6 k €	-86.9%	1,6 M €	+305%	386,6 k €	-73.1%	1,4 M €
Debts	80,3 k €	-90.9%	884 k €	-89.8%	8,7 M €	+12.4%	7,7 M €	-86.0%	55,1 M €
Other
Workforce	1,0 ETP	-50.0%	2,0 ETP	-57.4%	4,7 ETP	-6.0%	5,0 ETP	-87.7%	40,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alistair Cross	Director17/05/2019 → 25/03/2030
Vicki Van Ballegooijen	Director17/05/2019 → 25/03/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andreas Athanasiadis	Managing directorlisted until the 2009 accounts
ROCON0892.689.911Represented by Reginald Robyn	Directorlisted until the 2009 accounts
SAFELI0866.496.347Represented by Antoon Vertommen	Managing directorlisted until the 2009 accounts
Maritime Dedicated Control0446.209.007Represented by Marnix Verbeke	Director09/06/2006 → 2009 accounts

Other companies at this address

Scheldelaan 470 2040 Antwerpen

Company	CBE no.
VESTA TERMINAL ANTWERP● Active	0406.493.940

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	9 months	12 months	12 months	12 months
Filing date	17/07/2026	16/06/2025	28/03/2024	18/12/2023	09/05/2023	02/05/2022
General meeting	08/07/2026	06/06/2025	25/03/2024	30/11/2023	27/04/2023	29/04/2022
Currency of the financial year	USD	USD	USD	USD	USD	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 25 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	08/07/2026	17/07/2026	Dutch	PDF
Full model	30/09/2024	06/06/2025	16/06/2025	Dutch	PDF
Full model	30/09/2023	25/03/2024	28/03/2024	Dutch	PDF
Full model	31/12/2022	30/11/2023	18/12/2023	Dutch	PDF
Full model	31/12/2021	27/04/2023	09/05/2023	Dutch	PDF
Full model	31/12/2020	29/04/2022	02/05/2022	Dutch	PDF
Full model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	15/07/2019	Dutch	PDF
Full model	31/12/2017	27/09/2018	28/09/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	30/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	30/06/2016	22/08/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	16/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	11/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	29/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	22/05/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	27/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	16/05/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	25/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	19/07/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	15/07/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	18/07/2008	Dutch	PDF

View all 25 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alistair Cross	Director17/05/2019 → 25/03/2030
Vicki Van Ballegooijen	Director17/05/2019 → 25/03/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andreas Athanasiadis	Managing directorlisted until the 2009 accounts
ROCON0892.689.911Represented by Reginald Robyn	Directorlisted until the 2009 accounts
SAFELI0866.496.347Represented by Antoon Vertommen	Managing directorlisted until the 2009 accounts
Maritime Dedicated Control0446.209.007Represented by Marnix Verbeke	Director09/06/2006 → 2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/09/2026
Herbenoeming commissaris
PDF
Mandates19/08/2026
Ontslagneming door een bestuurder - Benoeming van een bestuurder, en
PDF
Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/03/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other11/10/2023
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings8 filings

Mandates

Alistair Cross

Vicki Van Ballegooijen

SAFELI

ROCON

Andreas Athanasiadis

Maritime Dedicated Control

Marnix Verbeke

19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

MINERVA NWEVerbeke Bunkering

Scheldelaan 470, 2040 Antwerp-2040

Director

DirectorManaging director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Scheldelaan 470, 2040 Antwerp-2040Current	accounts 2023 → 2025	Accounts 2025 · 2026-00306372
Ruiterijschool 1, 2930 Brasschaat	accounts 2022	Accounts 2022 · 2023-00529349

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MINERVA NWECurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00306372
Verbeke Bunkering	accounts 2006 → 2009	Accounts 2009 · 2010-31000073

Events

2025
Annual accounts 202581,5 k €↓
2024
Annual accounts 2024764,5 k €↑
25/03/2024
reconductionVicki Van Ballegooijen · bestuurder
25/03/2024
reconductionAlistair Cross · bestuurder
2023
Annual accounts 2023208,9 k €↑
27/04/2023
reconductionMazars Bedrijfsrevisoren BV · commissaris
27/04/2023
reconductionFrederik Wagemans · vertegenwoordiger commissaris
2022
Annual accounts 202219,7 k €↓
2022
Name changeMINERVA NWE
2009
Annual accounts 20091,4 M €↓
2008
Annual accounts 20086,4 M €↑
2007
Annual accounts 2007824,6 k €↓
2006
Annual accounts 2006846,9 k €
01/08/1972
IncorporationPublic limited company

MINERVA NWE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events