MINUS
0467.056.285 · rovalta.com · 21/09/2026
ACTIVE
MINUS
Financial year 2025 · closed on 31/12/2025
Net result
11,3 k €
-82.1% YoY
Gross margin
1,3 M €
-10.0% YoY
Equity
965,3 k €
-4.8% YoY
Workforce
16,2 ETP
+1.2% YoY
Overview
What does MINUS do?
MINUS is a Private limited company incorporated in 1999. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Poperinge. It employs on average 16,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0467.056.285
Incorporation
13/10/1999
Legal form
Private limited company
Registered office
Sint-Jansstraat 25
8970 Poperinge · FlandreSee on map
8970 Poperinge · FlandreSee on map
Contributed capital
40 000,00 €
Latest accounts
31/12/2025
Average workforce
16,2 ETP
Activities (NACE)
Joint committees (5)
- 124
- 12400
- 200
- 20000
- 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Gross margin | 1,3 M € | -10.0% | 1,4 M € | -9.6% | 1,5 M € | +32.9% | 1,2 M € | +31.1% | 887,3 k € | +11.5% | 795,7 k € | +10.5% | 719,9 k € | +24.5% | 578,1 k € | +24.9% | 462,9 k € |
| EBITDA | 196 k € | -42.5% | 340,7 k € | -27.1% | 467 k € | +51.1% | 309 k € | +49.2% | 207,1 k € | -5.7% | 219,5 k € | -10.6% | 245,6 k € | +13.8% | 215,8 k € | +17.8% | 183,1 k € |
| Operating result | 36,2 k € | -70.4% | 122,3 k € | -50.9% | 249,3 k € | +105% | 121,7 k € | +164% | 46,1 k € | -14.1% | 53,6 k € | -38.1% | 86,7 k € | +29.9% | 66,7 k € | -22.9% | 86,6 k € |
| Net result | 11,3 k € | -82.1% | 62,9 k € | -59.5% | 155,3 k € | +87.0% | 83 k € | +139% | 34,8 k € | +20.0% | 29 k € | -51.4% | 59,6 k € | +24.8% | 47,8 k € | -36.2% | 74,9 k € |
| Balance sheet | |||||||||||||||||
| Equity | 965,3 k € | -4.8% | 1 M € | +2.3% | 991,2 k € | +17.5% | 843,6 k € | +55.9% | 541,2 k € | +10.9% | 488,1 k € | +6.3% | 459,1 k € | +14.9% | 399,5 k € | +13.6% | 351,7 k € |
| Total assets | 2,1 M € | +0.5% | 2,1 M € | -16.0% | 2,5 M € | +10.0% | 2,3 M € | +38.2% | 1,6 M € | -1.2% | 1,7 M € | +14.3% | 1,4 M € | +20.0% | 1,2 M € | +45.1% | 829,9 k € |
| Cash | 141,4 k € | -17.3% | 170,9 k € | +34.1% | 127,5 k € | -66.2% | 377,6 k € | +40.6% | 268,6 k € | +288% | 69,3 k € | -21.0% | 87,7 k € | +146% | 35,7 k € | -33.2% | 53,4 k € |
| Debts | 1 M € | +6.1% | 988,5 k € | -29.8% | 1,4 M € | +5.8% | 1,3 M € | +24.8% | 1,1 M € | -8.5% | 1,2 M € | +18.0% | 986,6 k € | +22.6% | 804,8 k € | +68.3% | 478,2 k € |
| Other | |||||||||||||||||
| Workforce | 16,2 ETP | +1.2% | 16,0 ETP | -5.9% | 17,0 ETP | +6.9% | 15,9 ETP | +1.9% | 15,6 ETP | +11.4% | 14,0 ETP | +16.7% | 12,0 ETP | +27.7% | 9,4 ETP | +19.0% | 7,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 9 ended
Active mandates
Sophie Popelier
ActiveWim Carton
ActiveEnded mandates
Sophie Popelier
EndedSophie Popelier
EndedHerman Carton
EndedHerman Carton
EndedFinancials
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 | 29/06/2026 | 26/06/2025 | 30/10/2024 | 15/03/2023 | 21/03/2022 | 10/08/2021 |
| General meeting | 30/05/2026 | 31/05/2025 | 25/05/2024 | 28/02/2023 | 14/03/2022 | 26/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/05/2026 | 29/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 31/05/2025 | 26/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 25/05/2024 | 30/10/2024 | Dutch | |
| Abridged model | 31/12/2022 | 28/02/2023 | 15/03/2023 | Dutch | |
| Abridged model | 31/12/2021 | 14/03/2022 | 21/03/2022 | Dutch | |
| Abridged model | 31/12/2020 | 26/06/2021 | 10/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 11/02/2020 | 28/02/2020 | Dutch | |
| Abridged model | 31/12/2018 | 29/01/2019 | 22/02/2019 | Dutch | |
| Abridged model | 31/12/2017 | 23/03/2018 | 09/04/2018 | Dutch | |
| Abridged model | 31/12/2016 | 27/05/2017 | 01/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/02/2016 | 23/03/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/04/2015 | 08/05/2015 | Dutch | |
| Abridged model | 31/12/2013 | 15/03/2014 | 27/03/2014 | Dutch | |
| Abridged model | 31/12/2012 | 06/04/2013 | 16/04/2013 | Dutch | |
| Abridged model | 31/12/2011 | 06/07/2012 | 10/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 28/05/2011 | 28/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 29/05/2010 | 08/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 20/06/2009 | 14/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 23/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 09/06/2007 | 14/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 9 ended
Active mandates
Sophie Popelier
ActiveWim Carton
ActiveEnded mandates
Sophie Popelier
EndedSophie Popelier
EndedHerman Carton
EndedHerman Carton
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202511,3 k €↓
- 2024Annual accounts 202462,9 k €↓
- 2023Annual accounts 2023155,3 k €↑
- 2022Annual accounts 202283 k €↑
- 2010Annual accounts 201034,8 k €↑
- 2009Annual accounts 200929 k €↓
- 2008Annual accounts 200859,6 k €↑
- 2007Annual accounts 200747,8 k €↓
- 2006Annual accounts 200674,9 k €
- 13/10/1999IncorporationPrivate limited company