ACTIVE

DIVINE GRACE

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Financial year 2024 · closed on 31/12/2024

Net result

126,9 k €

+148.3% YoY

Revenue

2,4 M €

-50.9% YoY

Equity

5 M €

+2.6% YoY

What does DIVINE GRACE do?

DIVINE GRACE is a Public limited company incorporated in 2001. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.307.810

Incorporation

13/12/2001

Legal form

Public limited company

Registered office

Berkenlaan 9
2610 Antwerpen · FlandreSee on map

Contributed capital

3 880 090,20 €

Latest accounts

31/12/2024

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport 32121Manufacture of jewellery and related articles 32121Manufacture of jewellery and related articles 36221Water collection, treatment and supply

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2,4 M €	-50.9%	4,9 M €	-48.5%	9,4 M €	-27.9%	13,1 M €	-24.4%	17,3 M €	+12.7%	15,4 M €	-51.8%	31,9 M €	-4.9%	33,6 M €	-9.6%	37,2 M €	-30.5%	53,5 M €	+102%	26,5 M €	+41.3%	18,8 M €	-5.0%	19,7 M €	+59.0%	12,4 M €	-33.5%	18,7 M €	+8.6%	17,2 M €
EBITDA	144,2 k €	+42.4%	101,3 k €	+115%	47,1 k €	-89.8%	460,5 k €	-10.4%	514,1 k €	+4562%	-11,5 k €	-112%	99,6 k €	-57.8%	236,2 k €	-14.7%	276,9 k €	+2.2%	271 k €	-46.0%	501,6 k €	-31.0%	727,3 k €	-10.1%	808,6 k €	-2.8%	831,8 k €	-1.8%	847 k €	-6.4%	904,5 k €
Operating result	143,3 k €	+42.7%	100,4 k €	+113%	47,1 k €	-89.8%	460,5 k €	-10.4%	514,1 k €	+4562%	-11,5 k €	-112%	99,4 k €	-57.4%	233,5 k €	-14.8%	274,2 k €	+2.2%	268,3 k €	-46.2%	498,9 k €	-31.2%	724,7 k €	-10.4%	808,4 k €	-2.7%	831,2 k €	-1.8%	846,4 k €	-6.4%	903,9 k €
Net result	126,9 k €	+148%	51,1 k €	+2538%	1,9 k €	-96.6%	57,5 k €	+198%	19,3 k €	+575%	2,9 k €	-98.7%	223,5 k €	+586%	32,6 k €	-55.5%	73,3 k €	-27.1%	100,5 k €	+1.4%	99,1 k €	+218%	31,2 k €	-87.1%	242,4 k €	+318%	58 k €	+115%	-390,7 k €	-950%	46 k €
Balance sheet
Equity	5 M €	+2.6%	4,9 M €	+24.3%	3,9 M €	+0.0%	3,9 M €	+1.5%	3,9 M €	+0.5%	3,9 M €	+0.1%	3,9 M €	+6.2%	3,6 M €	+0.9%	3,6 M €	+2.1%	3,5 M €	+2.9%	3,4 M €	+3.0%	3,3 M €	+0.9%	3,3 M €	+6510%	-51,3 k €	+53.0%	-109,3 k €	-139%	281,3 k €
Total assets	15,6 M €	-36.5%	24,6 M €	+62.5%	15,1 M €	-0.9%	15,3 M €	+32.0%	11,6 M €	-11.7%	13,1 M €	+10.2%	11,9 M €	+48.2%	8 M €	-39.8%	13,3 M €	-47.1%	25,2 M €	+193%	8,6 M €	-28.9%	12,1 M €	-23.6%	15,8 M €	-8.1%	17,2 M €	+28.8%	13,3 M €	-0.4%	13,4 M €
Cash	2,6 k €	-81.2%	13,7 k €	-49.1%	27 k €	-56.6%	62,1 k €	+33.9%	46,4 k €	-21.3%	58,9 k €	-37.6%	94,4 k €	-88.3%	803,8 k €	+1779%	42,8 k €	-12.4%	48,9 k €	+32.0%	37 k €	-36.4%	58,2 k €	+94.3%	30 k €	-6.5%	32 k €	-75.8%	132,6 k €	+483%	22,7 k €
Debts	10,5 M €	-46.5%	19,6 M €	+85.4%	10,6 M €	-6.0%	11,2 M €	+47.5%	7,6 M €	-14.8%	8,9 M €	+11.6%	8 M €	+84.2%	4,3 M €	-55.2%	9,7 M €	-55.2%	21,6 M €	+340%	4,9 M €	-35.5%	7,6 M €	-35.7%	11,8 M €	-28.5%	16,6 M €	+29.6%	12,8 M €	+2.5%	12,5 M €
Other
Workforce	–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-16.7%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 13 ended

Active mandates

Mithulal Sharma

Managing director · since 02 juillet 2024

Active

Ended mandates

RAMESH PATEL

Managing director · since 09 juin 2018 · until 09 juin 2024

Ended

SAROJ RAMESH PATEL

Director · since 09 juin 2018 · until 09 juin 2024

Ended

RAMESH PATEL

Managing director · since 09 juin 2012 · until 09 juin 2018

Ended

Saroj Ramesh Patel

Director · since 09 juin 2012 · until 09 juin 2018

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2025	05/07/2024	28/08/2023	11/08/2022	20/07/2021	28/07/2020
General meeting	13/06/2025	02/07/2024	17/08/2023	05/07/2022	26/06/2021	27/03/2020
Currency of the financial year	USD	USD	USD	USD	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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	02/07/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	17/08/2023	28/08/2023	Dutch	PDF
Full model	31/12/2021	05/07/2022	11/08/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	27/03/2020	28/07/2020	Dutch	PDF
Full model	31/12/2018	01/03/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	30/04/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	29/03/2017	12/07/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	18/07/2016	Dutch	PDF
Full model	31/12/2014	09/05/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	24/05/2014	09/07/2014	Dutch	PDF
Full model	31/12/2012	08/06/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	18/07/2012	Dutch	PDF
Full model	31/12/2010	09/05/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	12/06/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	13/06/2009	02/07/2009	Dutch	PDF
Full model	31/12/2007	14/06/2008	16/06/2008	Dutch	PDF
Full model	31/12/2006	09/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 1 active · 13 ended

Active mandates

Mithulal Sharma

Managing director · since 02 juillet 2024

Active

Ended mandates

RAMESH PATEL

Managing director · since 09 juin 2018 · until 09 juin 2024

Ended

SAROJ RAMESH PATEL

Director · since 09 juin 2018 · until 09 juin 2024

Ended

RAMESH PATEL

Managing director · since 09 juin 2012 · until 09 juin 2018

Ended

Saroj Ramesh Patel

Director · since 09 juin 2012 · until 09 juin 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2013
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

2024
Annual accounts 2024126,9 k €↑
2023
Annual accounts 202351,1 k €↑
2020
Annual accounts 20201,9 k €↓
2019
Annual accounts 201957,5 k €↑
2018
Annual accounts 201819,3 k €↑
2017
Annual accounts 20172,9 k €↓
2016
Annual accounts 2016223,5 k €↑
2015
Annual accounts 201532,6 k €↓
2014
Annual accounts 201473,3 k €↓
2013
Annual accounts 2013100,5 k €↑
2012
Annual accounts 201299,1 k €↑
2011
Annual accounts 201131,2 k €↓
2010
Annual accounts 2010242,4 k €↑
2009
Annual accounts 200958 k €↑
2008
Annual accounts 2008-390,7 k €↓
2007
Annual accounts 200746 k €
13/12/2001
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

DIVINE GRACE

Overview

What does DIVINE GRACE do?

Trend over 16 financial years

Indicative valuation

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