ACTIVE

MINERVA NWE

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Financial year 2025 · closed on 30/09/2025
Net result
81,5 k €
-89.3% YoY
Revenue
17 M €
+69.8% YoY
Equity
29 M €
+0.3% YoY
Workforce
1,0 ETP
-50.0% YoY

What does MINERVA NWE do?

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· main46900Non-specialised wholesale trade51900Air transport52250Support activities for transportation52290Other transportation support activities61200Wireless telecommunications activities+8
Joint committees (4)
  • 139
  • 211
  • 214
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222009200820072006
Income statement
Revenue17 M €10 M €5,8 M €25,6 M €843,6 M €1,2 Md €809,6 M €702,8 M €
EBITDA-1,8 M €-1,2 M €-1,1 M €-340,7 k €3,7 M €14,8 M €5,8 M €4,7 M €
Operating result-1,8 M €-1,3 M €-1,1 M €-420,3 k €3,2 M €14,3 M €5,4 M €4,3 M €
Net result81,5 k €764,5 k €208,9 k €19,7 k €1,4 M €6,4 M €824,6 k €846,9 k €
Balance sheet
Equity29 M €29 M €28,2 M €28 M €15,3 M €13,9 M €7,5 M €6,7 M €
Total assets29,1 M €29,8 M €36,9 M €35,7 M €72,4 M €53,5 M €66,8 M €50,6 M €
Cash316 k €205,6 k €1,6 M €386,6 k €1,4 M €16,2 M €5,9 M €3,7 M €
Debts80,3 k €884 k €8,7 M €7,7 M €55,1 M €36,9 M €58,4 M €43,6 M €
Other
Workforce1,0 ETP2,0 ETP4,7 ETP5,0 ETP40,8 ETP43,5 ETP44,9 ETP38,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 16 ended

Active mandates

Alistair Cross

Director · since 24 mars 2025 · until 25 mars 2030

Active
Vicki Van Ballegooijen

Director · since 24 mars 2025 · until 25 mars 2030

Active

Ended mandates

Alistair Cross

Director · since 17 mai 2019 · until 25 mars 2024

Ended
Alistair Cross

Director · since 17 mai 2019 · until 14 juin 2024

Ended
Vicki Van Ballegooijen

Director · since 17 mai 2019 · until 25 mars 2024

Ended
Vicki Van Ballegooijen

Director · since 17 mai 2019 · until 14 juin 2024

Ended
At this address

Other companies at this address

CompanyCBE no.
VESTA TERMINAL ANTWERP● Active
0406.493.940
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202430/09/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months9 months12 months12 months12 months
Filing date17/07/202616/06/202528/03/202418/12/202309/05/202302/05/2022
General meeting08/07/202606/06/202525/03/202430/11/202327/04/202329/04/2022
Currency of the financial yearUSDUSDUSDUSDUSDUSD
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

25 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202508/07/202617/07/2026DutchPDF
Full model30/09/202406/06/202516/06/2025DutchPDF
Full model30/09/202325/03/202428/03/2024DutchPDF
Full model31/12/202230/11/202318/12/2023DutchPDF
Full model31/12/202127/04/202309/05/2023DutchPDF
Full model31/12/202029/04/202202/05/2022DutchPDF
Full model31/12/201930/06/202023/07/2020DutchPDF
Full model31/12/201821/06/201915/07/2019DutchPDF
Full model31/12/201727/09/201828/09/2018DutchPDF
Full model31/12/201609/06/201730/06/2017DutchPDF
Consolidated accounts31/12/201630/06/201731/08/2017DutchPDF
Full model31/12/201530/06/201629/07/2016DutchPDF
Consolidated accounts31/12/201530/06/201622/08/2016DutchPDF
Full model31/12/201412/06/201516/07/2015DutchPDF
Consolidated accounts31/12/201411/06/201531/08/2015DutchPDF
Full model31/12/201313/06/201429/07/2014DutchPDF
Consolidated accounts31/12/201322/05/201429/08/2014DutchPDF
Full model31/12/201214/06/201327/06/2013DutchPDF
Consolidated accounts31/12/201216/05/201330/08/2013DutchPDF
Full model31/12/201108/06/201210/07/2012DutchPDF
Full model31/12/201010/06/201125/08/2011DutchPDF
Full model31/12/200930/06/201019/07/2010DutchPDF
Full model31/12/200812/06/200915/07/2009DutchPDF
Full model31/12/200713/06/200818/07/2008DutchPDF

View all 25 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 16 ended

Active mandates

Alistair Cross

Director · since 24 mars 2025 · until 25 mars 2030

Active
Vicki Van Ballegooijen

Director · since 24 mars 2025 · until 25 mars 2030

Active

Ended mandates

Alistair Cross

Director · since 17 mai 2019 · until 25 mars 2024

Ended
Alistair Cross

Director · since 17 mai 2019 · until 14 juin 2024

Ended
Vicki Van Ballegooijen

Director · since 17 mai 2019 · until 25 mars 2024

Ended
Vicki Van Ballegooijen

Director · since 17 mai 2019 · until 14 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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
  • Mandates28/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202581,5 k €↓
  2. 2024
    Annual accounts 2024764,5 k €↑
  3. 25/03/2024
    reconductionVicki Van Ballegooijen — bestuurder
  4. 25/03/2024
    reconductionAlistair Cross — bestuurder
  5. 2023
    Annual accounts 2023208,9 k €↑
  6. 27/04/2023
    reconductionMazars Bedrijfsrevisoren BV — commissaris
  7. 27/04/2023
    reconductionFrederik Wagemans — vertegenwoordiger commissaris
  8. 2022
    Annual accounts 202219,7 k €↓
  9. 2022
    Name changeMinerva NWE
  10. 2009
    Annual accounts 20091,4 M €↓
  11. 2008
    Annual accounts 20086,4 M €↑
  12. 2007
    Annual accounts 2007824,6 k €↓
  13. 2006
    Annual accounts 2006846,9 k €
  14. 2006
    Name changeVerbeke Bunkering
  15. 01/08/1972
    IncorporationPublic limited company