ACTIVE

MINERVA TRADING

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-1.9% YoY

Gross margin

4,7 M €

+4.7% YoY

Equity

1,2 M €

+110.6% YoY

Workforce

28,3 ETP

+5.6% YoY

What does MINERVA TRADING do?

MINERVA TRADING is a Public limited company incorporated in 1997. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Antwerpen. It employs on average 28,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.678.635

Incorporation

16/05/1997

Legal form

Public limited company

Registered office

Noorderlaan 660
2030 Antwerpen · FlandreSee on map

Contributed capital

63 000,00 €

Latest accounts

31/12/2025

Average workforce

28,3 ETP

Activities (NACE)

45112Sale of cars and light motor vehicles· main 45310Wholesale trade of motor vehicle parts and accessories 46180Agents specialised in the sale of other particular products 46720Wholesale of metals and metal ores 50102Sea and coastal passenger water transport 50301Inland passenger water transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	4,7 M €	+4.7%	4,5 M €	-6.7%	4,8 M €	+14.2%	4,2 M €	+19.2%	3,5 M €	+15.5%	3,1 M €	+3.8%	2,9 M €	+13.1%	2,6 M €	-0.8%	2,6 M €	+1.9%	2,6 M €	-0.9%	2,6 M €	+4.9%	2,5 M €	+5.4%	2,3 M €
EBITDA	1,5 M €	+2.5%	1,5 M €	-15.5%	1,7 M €	+18.6%	1,5 M €	+106%	714,1 k €	+39.0%	513,6 k €	-17.3%	621 k €	+90.8%	325,4 k €	+4.0%	312,9 k €	-9.2%	344,4 k €	+1.3%	339,9 k €	-5.2%	358,4 k €	+138%	150,4 k €
Operating result	1,5 M €	+2.8%	1,5 M €	-12.8%	1,7 M €	+24.2%	1,4 M €	+133%	580,8 k €	+67.1%	347,6 k €	-25.7%	467,6 k €	+140%	194,8 k €	+1.6%	191,8 k €	-27.3%	264 k €	+1.7%	259,6 k €	-5.4%	274,4 k €	+378%	57,4 k €
Net result	1,1 M €	-1.9%	1,2 M €	-9.0%	1,3 M €	+28.7%	989,7 k €	+142%	408,2 k €	+73.1%	235,8 k €	-23.9%	309,8 k €	+143%	127,4 k €	+34.4%	94,8 k €	-38.1%	153,1 k €	+0.6%	152,1 k €	+7.4%	141,7 k €	+405%	28,1 k €
Balance sheet
Equity	1,2 M €	+111%	575,4 k €	-70.2%	1,9 M €	-47.2%	3,7 M €	+37.1%	2,7 M €	+18.0%	2,3 M €	+11.6%	2 M €	+18.1%	1,7 M €	+8.0%	1,6 M €	+6.3%	1,5 M €	+11.4%	1,3 M €	+12.8%	1,2 M €	+13.5%	1 M €
Total assets	2,8 M €	-26.3%	3,8 M €	-33.2%	5,7 M €	+33.0%	4,3 M €	+27.6%	3,4 M €	+17.7%	2,9 M €	+9.9%	2,6 M €	+10.0%	2,4 M €	+11.4%	2,1 M €	-1.1%	2,2 M €	-3.3%	2,2 M €	+18.6%	1,9 M €	+20.8%	1,6 M €
Cash	879,9 k €	-70.4%	3 M €	-34.2%	4,5 M €	+19.8%	3,8 M €	+42.1%	2,7 M €	+17.5%	2,3 M €	+25.0%	1,8 M €	+9.8%	1,6 M €	-0.4%	1,7 M €	+27.1%	1,3 M €	+0.8%	1,3 M €	-11.3%	1,5 M €	+1626%	84,3 k €
Debts	1,6 M €	-50.5%	3,3 M €	-14.4%	3,8 M €	+476%	662,2 k €	-7.7%	717,6 k €	+16.4%	616,4 k €	+3.9%	593,3 k €	-8.1%	645,4 k €	+17.7%	548,5 k €	-15.8%	651,1 k €	-27.1%	892,6 k €	+28.6%	694 k €	+35.8%	511,1 k €
Other
Workforce	28,3 ETP	+5.6%	26,8 ETP	+2.7%	26,1 ETP	-0.8%	26,3 ETP	-1.9%	26,8 ETP	+2.7%	26,1 ETP	+0.8%	25,9 ETP	+1.2%	25,6 ETP	-6.9%	27,5 ETP	0.0%	27,5 ETP	-3.8%	28,6 ETP	+1.4%	28,2 ETP	-1.4%	28,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

BART DE MAYER

Director · since 27 mai 2021 · until 28 mai 2027

Active

DELCRINVEST

Director · since 27 mai 2021 · until 27 mai 2027 · 0537.478.780

Represented by PAULA DONCKERS

Active

KATLEEN DELCROIX

Director · since 27 mai 2021 · until 28 mai 2027

Active

PHILIP DELCROIX

Managing director · since 27 mai 2021 · until 28 mai 2027

Active

Ended mandates

BART DE MAEYER

Director · since 27 mai 2021 · until 28 mai 2027

Ended

KATHLEEN DELCROIX

Director · since 27 mai 2021 · until 28 mai 2027

Ended

DELCRINVEST

Director · since 30 mai 2020 · until 27 mai 2021 · 0537.478.780

Represented by PAULA DONCKERS

Ended

DELCRINVEST

Director · since 30 mai 2019 · until 28 mai 2021 · 0537.478.780

Represented by PAULA DONCKERS

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2026	06/08/2025	17/07/2024	26/07/2023	24/08/2022	16/07/2021
General meeting	30/06/2026	29/05/2025	30/05/2024	25/05/2023	26/05/2022	27/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	26/08/2026	Dutch	PDF
Abridged model	31/12/2024	29/05/2025	06/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	17/07/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/05/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	29/05/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	05/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 4 active · 10 ended

Active mandates

BART DE MAYER

Director · since 27 mai 2021 · until 28 mai 2027

Active

DELCRINVEST

Director · since 27 mai 2021 · until 27 mai 2027 · 0537.478.780

Represented by PAULA DONCKERS

Active

KATLEEN DELCROIX

Director · since 27 mai 2021 · until 28 mai 2027

Active

PHILIP DELCROIX

Managing director · since 27 mai 2021 · until 28 mai 2027

Active

Ended mandates

BART DE MAEYER

Director · since 27 mai 2021 · until 28 mai 2027

Ended

KATHLEEN DELCROIX

Director · since 27 mai 2021 · until 28 mai 2027

Ended

DELCRINVEST

Director · since 30 mai 2020 · until 27 mai 2021 · 0537.478.780

Represented by PAULA DONCKERS

Ended

DELCRINVEST

Director · since 30 mai 2019 · until 28 mai 2021 · 0537.478.780

Represented by PAULA DONCKERS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates01/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/09/2003
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

2025
Annual accounts 20251,1 M €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 2022989,7 k €↑
2021
Annual accounts 2021408,2 k €↑
2020
Annual accounts 2020235,8 k €↓
2019
Annual accounts 2019309,8 k €↑
2018
Annual accounts 2018127,4 k €↑
2017
Annual accounts 201794,8 k €↓
2016
Annual accounts 2016153,1 k €↑
2015
Annual accounts 2015152,1 k €↑
2014
Annual accounts 2014141,7 k €↑
2013
Annual accounts 201328,1 k €
16/05/1997
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MINERVA TRADING

Overview

What does MINERVA TRADING do?

Trend over 13 financial years

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