OPENING OF BANKRUPTCY

MINERVA CYCLING

Export PDF

Company — Opening of bankruptcy.

Financial year 2022 · Closed on 31/12/2022

Net result-1,4 M €-365,7 %over 1 year

Revenue21,4 M €-29,5 %over 1 year

Equity2,6 M €-34,7 %over 1 year

Workforce19,9 ETP+2,1 %over 1 year

Identity

Source · BCE/KBO

MINERVA CYCLING is a Public limited company incorporated in 1997. Its main activity is: Wholesale of other household goods. Its registered office is in Ieper. It employs on average 19,9 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0459.761.588
Incorporation: 10/01/1997
Legal form: Public limited company
Registered office: Bargiestraat 32
8900 Ieper · FlandreSee on map
Contributed capital: 80 600,00 €
Latest accounts: 31/12/2022
Average workforce: 19,9 ETP

Activities (NACE)

46496Wholesale of other household goods· main 46496Wholesale of other household goods 51476Air transport 47632Retail sale of music and video recordings in specialised stores 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores+6

Joint committees (4)

14904
200
201
218

Signals

Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2022		2021		2020		2019		2018
Income statement
Revenue	21,4 M €	-29.5%	30,4 M €	+34.9%	22,5 M €	+74.1%	12,9 M €	+16.2%	11,1 M €
EBITDA	-271,3 k €	-116%	1,6 M €	+81.5%	908,3 k €	+77.6%	511,6 k €	-27.9%	709,2 k €
Operating result	-1,2 M €	-242%	834,9 k €	+44.7%	577 k €	+240%	169,7 k €	-54.9%	376,6 k €
Net result	-1,4 M €	-366%	523,1 k €	+40.8%	371,5 k €	+362%	80,4 k €	-67.4%	246,6 k €
Balance sheet
Equity	2,6 M €	-34.7%	4 M €	+145%	1,6 M €	+29.4%	1,3 M €	+6.8%	1,2 M €
Total assets	9,1 M €	+43.3%	6,3 M €	+29.9%	4,9 M €	-25.5%	6,6 M €	+10.8%	5,9 M €
Cash	242,8 k €	-70.3%	816,4 k €	+89.3%	431,4 k €	+404%	85,6 k €	-48.3%	165,6 k €
Debts	6,3 M €	+190%	2,2 M €	-32.7%	3,2 M €	-38.7%	5,3 M €	+11.7%	4,7 M €
Other
Workforce	19,9 ETP	+2.1%	19,5 ETP	+138%	8,2 ETP	+17.1%	7,0 ETP	+32.1%	5,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2022

4 active · 9 ended

Active mandates

Sanarti

Managing director · since 20 janvier 2022 · until 29 mai 2027 · 0776.414.031

Represented by Dorothy Leleu

Active

Dorothy Leleu

Director · since 22 juillet 2021 · until 10 avril 2022

Active

Filip Carpentier

Managing director · since 30 mai 2020 · until 20 janvier 2022

Active

Germaine Debergh

Director · since 30 mai 2020 · until 20 janvier 2022

Active

Ended mandates

Filip Carpentier

Managing director · since 30 mai 2020 · until 30 mai 2026

Ended

Germaine Debergh

Director · since 30 mai 2020 · until 30 mai 2026

Ended

Daniël Carpentier

Director · until 28 février 2014

Ended

Daniël Carpentier

Director · until 11 juillet 2014

Ended

Full financial information

Source · NBB

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/10/2016
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	15 months
Filing date	07/07/2023	15/07/2022	04/05/2021	30/06/2020	28/05/2019	17/07/2018
General meeting	30/06/2023	30/06/2022	30/04/2021	30/05/2020	25/05/2019	30/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	30/04/2021	04/05/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	17/07/2018	Dutch	PDF
Full model	30/09/2016	31/03/2017	27/04/2017	Dutch	PDF
Full model	30/09/2015	29/02/2016	31/03/2016	Dutch	PDF
Full model	30/09/2014	23/03/2015	21/04/2015	Dutch	PDF
Full model	30/09/2013	31/05/2014	24/06/2014	Dutch	PDF
Abridged model	30/09/2012	21/03/2013	09/04/2013	Dutch	PDF
Abridged model	30/09/2011	28/04/2012	15/05/2012	Dutch	PDF
Abridged model	30/09/2010	16/04/2011	09/05/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	08/04/2010	Dutch	PDF
Abridged model	30/09/2008	28/02/2009	13/03/2009	Dutch	PDF
Abridged model	30/09/2007	21/03/2008	28/03/2008	Dutch	PDF
Abridged model	30/09/2006	21/05/2007	29/05/2007	Dutch	PDF

Indicative valuation

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 31/12/2022

4 active · 9 ended

Active mandates

Sanarti

Managing director · since 20 janvier 2022 · until 29 mai 2027 · 0776.414.031

Represented by Dorothy Leleu

Active

Dorothy Leleu

Director · since 22 juillet 2021 · until 10 avril 2022

Active

Filip Carpentier

Managing director · since 30 mai 2020 · until 20 janvier 2022

Active

Germaine Debergh

Director · since 30 mai 2020 · until 20 janvier 2022

Active

Ended mandates

Filip Carpentier

Managing director · since 30 mai 2020 · until 30 mai 2026

Ended

Germaine Debergh

Director · since 30 mai 2020 · until 30 mai 2026

Ended

Daniël Carpentier

Director · until 28 février 2014

Ended

Daniël Carpentier

Director · until 11 juillet 2014

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/05/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/02/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring20/08/2021
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other06/10/2017
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates12/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2015
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

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

See the Business plan

Timeline

2022
Annual accounts 2022-1,4 M €↓
2021
Annual accounts 2021523,1 k €↑
2021
Name changeMinerva Cycling
2020
Annual accounts 2020371,5 k €↑
2019
Annual accounts 201980,4 k €↓
2018
Annual accounts 2018246,6 k €↑
2017
Annual accounts 2017-275,4 k €↓
2016
Annual accounts 2016-225,2 k €↓
2015
Annual accounts 2015174,4 k €↑
2015
Name changeMINERVA BIKE TRADING
2014
Annual accounts 2014-115,5 k €↓
2013
Annual accounts 2013256,2 k €↑
2012
Annual accounts 2012192,8 k €↑
2011
Annual accounts 201142,8 k €↑
2010
Annual accounts 201030,7 k €↓
2009
Annual accounts 200937,1 k €↓
2008
Annual accounts 2008101 k €↓
2007
Annual accounts 2007107,4 k €↓
2006
Annual accounts 2006225,7 k €
2006
Name changeBIKE-TRADING
10/01/1997
IncorporationPublic limited company

MINERVA CYCLING

Overview

Identity

Financials

Board of directors

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