ACTIVE

MINESTAR

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Financial year 2025 · closed on 31/12/2025

Net result

-443,2 k €

-172.0% YoY

Gross margin

-449,6 k €

-169.6% YoY

Equity

2,3 M €

-16.1% YoY

What does MINESTAR do?

MINESTAR is a Private limited company incorporated in 1999. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.467.564

Incorporation

01/03/1999

Legal form

Private limited company

Registered office

Hoveniersstraat 53
2018 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-449,6 k €	-170%	645,8 k €	+17.4%	550 k €	-10.6%	615,2 k €	+122%	276,6 k €	+209%	89,6 k €	-38.3%	145,3 k €	-31.9%	213,4 k €	+6.7%	200 k €	+28.0%	156,2 k €	+825%	16,9 k €	-9.5%	18,7 k €	+38.5%	13,5 k €	-41.7%	23,1 k €	-6.9%	24,8 k €	+34.1%	18,5 k €	+101%	9,2 k €	-34.7%	14,1 k €	-9.9%	15,7 k €
EBITDA	-452,1 k €	-170%	643,3 k €	+17.5%	547,5 k €	-10.6%	612,6 k €	+123%	274,3 k €	+213%	87,5 k €	-38.9%	143,1 k €	-32.3%	211,4 k €	+6.3%	198,7 k €	+28.4%	154,8 k €	+899%	15,5 k €	-10.1%	17,2 k €	+56.6%	11 k €	-31.4%	16 k €	-31.3%	23,4 k €	+33.5%	17,5 k €	+136%	7,4 k €	-42.1%	12,8 k €	-10.8%	14,3 k €
Operating result	-468 k €	-175%	626,9 k €	+18.2%	530,4 k €	-10.9%	595,5 k €	+128%	261,4 k €	+232%	78,6 k €	-41.7%	134,8 k €	-33.6%	203,2 k €	+6.3%	191,2 k €	+26.0%	151,7 k €	+1100%	12,6 k €	+39.2%	9,1 k €	+4862%	182,9 €	-96.9%	5,9 k €	-56.5%	13,6 k €	+80.3%	7,6 k €	+188%	2,6 k €	-74.9%	10,4 k €	-11.1%	11,8 k €
Net result	-443,2 k €	-172%	615,6 k €	+18.4%	519,8 k €	-11.4%	586,5 k €	+132%	252,3 k €	+255%	71 k €	-44.5%	128 k €	-34.6%	195,7 k €	+6.2%	184,3 k €	+29.6%	142,2 k €	+1653%	8,1 k €	+191%	2,8 k €	+2754%	97,7 €	-59.6%	241,7 €	-96.9%	7,8 k €	+283%	2 k €	-71.2%	7,1 k €	-1.0%	7,2 k €	-24.4%	9,5 k €
Balance sheet
Equity	2,3 M €	-16.1%	2,8 M €	+28.8%	2,1 M €	+32.2%	1,6 M €	+57.0%	1 M €	+32.5%	776,9 k €	+10.1%	705,9 k €	+22.2%	577,9 k €	+51.2%	382,2 k €	+93.1%	197,9 k €	+145%	80,7 k €	+11.2%	72,6 k €	+4.0%	69,8 k €	+0.1%	69,7 k €	+0.3%	69,5 k €	+12.7%	61,7 k €	+3.4%	59,6 k €	+13.5%	52,5 k €	+15.8%	45,3 k €
Total assets	2,5 M €	-23.9%	3,3 M €	+12.1%	3 M €	+9.8%	2,7 M €	+22.9%	2,2 M €	+14.0%	1,9 M €	-18.8%	2,4 M €	+18.1%	2 M €	+15.9%	1,7 M €	-1.6%	1,8 M €	+9.9%	1,6 M €	+12.2%	1,4 M €	+11.8%	1,3 M €	-21.0%	1,6 M €	+5.0%	1,6 M €	+13.6%	1,4 M €	+43.0%	955,4 k €	+23.3%	774,6 k €	+15.0%	673,3 k €
Cash	1,7 M €	-13.8%	1,9 M €	+80.6%	1,1 M €	+2.9%	1 M €	+41.0%	735,3 k €	-21.6%	937,9 k €	-6.1%	998,7 k €	+23.2%	810,9 k €	+8.6%	746,4 k €	-15.4%	881,8 k €	+80.6%	488,2 k €	+4.8%	466,1 k €	+8.8%	428,3 k €	-26.6%	583,4 k €	+56.8%	372,1 k €	-39.2%	612,3 k €	+143%	252,4 k €	+93.3%	130,5 k €	+144%	53,4 k €
Debts	235,8 k €	-60.3%	593,7 k €	-30.1%	849,3 k €	-23.0%	1,1 M €	-6.8%	1,2 M €	+1.7%	1,2 M €	-30.8%	1,7 M €	+16.5%	1,4 M €	+6.0%	1,4 M €	-13.5%	1,6 M €	+2.8%	1,5 M €	+12.2%	1,4 M €	+12.2%	1,2 M €	-21.9%	1,6 M €	+5.2%	1,5 M €	+13.6%	1,3 M €	+45.7%	895,8 k €	+24.0%	722,1 k €	+15.0%	628 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Manish Lalitbhai Parikh

Director

Active

Ended mandates

MANISH LALITBHAI PARIKH

Manager

Ended

At this address

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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	30/06/2026	01/07/2025	01/07/2024	11/07/2023	30/06/2022	30/06/2021
General meeting	29/06/2026	30/06/2025	29/06/2024	29/06/2023	29/06/2022	29/06/2021
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	29/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Manish Lalitbhai Parikh

Director

Active

Ended mandates

MANISH LALITBHAI PARIKH

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other11/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office08/03/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/05/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-443,2 k €↓
2024
Annual accounts 2024615,6 k €↑
2023
Annual accounts 2023519,8 k €↓
2022
Annual accounts 2022586,5 k €↑
2021
Annual accounts 2021252,3 k €↑
2020
Annual accounts 202071 k €↓
2019
Annual accounts 2019128 k €↓
2018
Annual accounts 2018195,7 k €↑
2017
Annual accounts 2017184,3 k €↑
2016
Annual accounts 2016142,2 k €↑
2015
Annual accounts 20158,1 k €↑
2014
Annual accounts 20142,8 k €↑
2013
Annual accounts 201397,7 €↓
2012
Annual accounts 2012241,7 €↓
2011
Annual accounts 20117,8 k €↑
2010
Annual accounts 20102 k €↓
2009
Annual accounts 20097,1 k €↓
2008
Annual accounts 20087,2 k €↓
2007
Annual accounts 20079,5 k €
01/03/1999
IncorporationPrivate 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

MINESTAR

Overview

What does MINESTAR do?

Trend over 19 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