ACTIVE

MENOVA (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

266,8 k €

+5.6% YoY

Gross margin

3 M €

+3.0% YoY

Equity

3,4 M €

+5.1% YoY

Workforce

41,6 ETP

+0.7% YoY

What does MENOVA do?

MENOVA is a Public limited company incorporated in 2003. Its registered office is in Sankt Vith. It employs on average 41,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.081.578

Incorporation

11/06/2003

Legal form

Public limited company

Registered office

Steinerberg 2
4780 Sankt Vith · WallonieSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

41,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3 M €	+3.0%	2,9 M €	-17.4%	3,5 M €	+1.3%	3,4 M €	+12.1%	3,1 M €	+44.5%	2,1 M €	-19.3%	2,6 M €	+21.4%	2,2 M €	+3.3%	2,1 M €	-0.5%	2,1 M €	+13.8%	1,8 M €	-9.9%	2,1 M €	+7.2%	1,9 M €	+4.3%	1,8 M €	+20.3%	1,5 M €	+12.9%	1,4 M €	+6.7%	1,3 M €	+16.2%	1,1 M €	+25.1%	871,2 k €	+42.9%	609,8 k €
EBITDA	487,2 k €	+7.4%	453,9 k €	-50.4%	914,2 k €	-1.3%	926,4 k €	+12.6%	822,5 k €	+264%	225,7 k €	-59.6%	558,6 k €	+600%	79,8 k €	-57.0%	185,4 k €	-23.7%	242,9 k €	+117%	111,9 k €	-59.3%	274,9 k €	+58.3%	173,7 k €	-41.1%	294,8 k €	+4.8%	281,4 k €	-30.5%	404,7 k €	+0.9%	401,1 k €	+24.3%	322,7 k €	-7.3%	348,2 k €	+7.5%	324,1 k €
Operating result	273,1 k €	+0.6%	271,6 k €	-67.2%	827,7 k €	+1.2%	817,5 k €	+16.8%	700 k €	+1149%	56 k €	-85.6%	390,4 k €	+1042%	-41,4 k €	-169%	59,9 k €	-46.7%	112,4 k €	+343%	-46,3 k €	-138%	122,7 k €	+167%	46 k €	-73.6%	174,1 k €	+4.6%	166,6 k €	-41.4%	284,4 k €	-5.0%	299,3 k €	+108%	143,7 k €	-21.1%	182,1 k €	+25.5%	145,1 k €
Net result	266,8 k €	+5.6%	252,6 k €	-65.5%	731,4 k €	-1.3%	740,8 k €	+20.0%	617,1 k €	+787%	69,6 k €	-81.7%	380,4 k €	+3761%	9,9 k €	-87.9%	81,6 k €	-34.4%	124,4 k €	+43514%	-286,5 €	-100%	125,7 k €	+205%	41,3 k €	-71.2%	143,3 k €	+17.9%	121,5 k €	-40.8%	205,4 k €	-17.4%	248,5 k €	+154%	98 k €	-14.3%	114,3 k €	+9.3%	104,7 k €
Balance sheet
Equity	3,4 M €	+5.1%	3,3 M €	+8.4%	3 M €	+14.5%	2,6 M €	+17.5%	2,2 M €	+23.0%	1,8 M €	+3.9%	1,7 M €	+6.5%	1,6 M €	+0.3%	1,6 M €	+3.0%	1,6 M €	+4.6%	1,5 M €	-0.3%	1,5 M €	+5.7%	1,4 M €	+2.6%	1,4 M €	+7.6%	1,3 M €	+9.8%	1,2 M €	+49.2%	796,1 k €	+21.9%	653 k €	+16.4%	561,2 k €	+108%	270,1 k €
Total assets	4,2 M €	+11.4%	3,8 M €	-5.3%	4 M €	+12.3%	3,5 M €	+20.8%	2,9 M €	+15.9%	2,5 M €	-2.7%	2,6 M €	+13.6%	2,3 M €	-7.6%	2,5 M €	-0.7%	2,5 M €	+18.1%	2,1 M €	-1.2%	2,1 M €	-9.6%	2,4 M €	+0.5%	2,3 M €	+7.9%	2,2 M €	+1.6%	2,1 M €	+8.7%	2 M €	+9.2%	1,8 M €	-5.6%	1,9 M €	-4.3%	2 M €
Cash	1,7 M €	-5.3%	1,8 M €	+11.7%	1,6 M €	+53.8%	1 M €	+6.4%	971,1 k €	+71.9%	564,9 k €	+16.7%	484,2 k €	+331%	112,4 k €	-75.0%	450,2 k €	+81.1%	248,5 k €	+777%	28,3 k €	-33.8%	42,8 k €	+2269%	1,8 k €	-95.7%	42,3 k €	+152%	16,8 k €	-49.5%	33,3 k €	+285%	8,7 k €	+57670%	15 €	-97.7%	664,5 €	-95.4%	14,4 k €
Debts	757,2 k €	+52.7%	495,9 k €	-48.4%	960,3 k €	+5.6%	909,2 k €	+31.6%	691 k €	-2.3%	707,6 k €	-16.4%	846,1 k €	+32.1%	640,6 k €	-21.9%	820,3 k €	-8.3%	894,3 k €	+55.9%	573,6 k €	-4.4%	599,7 k €	-33.8%	906,6 k €	-0.6%	911,9 k €	+6.7%	854,4 k €	-8.6%	934,6 k €	-18.9%	1,2 M €	+2.2%	1,1 M €	-14.8%	1,3 M €	-22.0%	1,7 M €
Other
Workforce	41,6 ETP	+0.7%	41,3 ETP	-7.8%	44,8 ETP	-0.9%	45,2 ETP	+2.3%	44,2 ETP	+3.5%	42,7 ETP	+0.5%	42,5 ETP	-3.2%	43,9 ETP	+6.8%	41,1 ETP	+2.2%	40,2 ETP	-0.2%	40,3 ETP	+1.8%	39,6 ETP	-0.3%	39,7 ETP	+7.6%	36,9 ETP	+20.6%	30,6 ETP	+24.9%	24,5 ETP	+9.4%	22,4 ETP	+4.2%	21,5 ETP	+43.3%	15,0 ETP	+74.4%	8,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

MEUREGA

Managing director · since 31 janvier 2025 · until 28 juin 2031 · 0769.426.170

Represented by Gabrielle MEURER

Active

MEVERWA

Chairman of the board of directors · since 31 janvier 2025 · until 28 juin 2031 · 0443.810.632

Represented by Curt MEURER

Active

Ended mandates

Erich MEURER

Managing director · since 04 juin 2021 · until 23 février 2024

Ended

Erich MEURER

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

MEVERWA

Chairman of the board of directors · since 04 juin 2021 · until 04 juin 2027 · 0443.810.632

Represented by Curt MEURER

Ended

Curt MEURER

Chairman of the board of directors · since 05 juin 2015 · until 04 juin 2021

Ended

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	21/07/2026	29/07/2025	05/07/2024	08/08/2023	07/07/2022	21/06/2021
General meeting	26/06/2026	27/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	26/06/2026	21/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	29/07/2025	German	PDF
Abridged model	31/12/2023	07/06/2024	05/07/2024	German	PDF
Abridged model	31/12/2022	02/06/2023	08/08/2023	German	PDF
Abridged model	31/12/2021	03/06/2022	07/07/2022	German	PDF
Abridged model	31/12/2020	04/06/2021	21/06/2021	German	PDF
Abridged model	31/12/2019	05/06/2020	22/07/2020	German	PDF
Abridged model	31/12/2018	07/06/2019	25/06/2019	German	PDF
Abridged model	31/12/2017	01/06/2018	28/06/2018	German	PDF
Abridged model	31/12/2016	02/06/2017	03/07/2017	German	PDF
Abridged model	31/12/2015	03/06/2016	10/06/2016	German	PDF
Abridged model	31/12/2014	05/06/2015	10/07/2015	German	PDF
Abridged model	31/12/2013	06/06/2014	20/06/2014	German	PDF
Abridged model	31/12/2012	07/06/2013	08/07/2013	German	PDF
Abridged model	31/12/2011	01/06/2012	18/07/2012	German	PDF
Abridged model	31/12/2010	03/06/2011	28/06/2011	German	PDF
Abridged model	31/12/2009	04/06/2010	29/06/2010	German	PDF
Abridged model	31/12/2008	05/06/2009	30/06/2009	German	PDF
Abridged model	31/12/2007	06/06/2008	15/07/2008	German	PDF
Abridged model	31/12/2006	01/06/2007	27/06/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 24 ended

Active mandates

MEUREGA

Managing director · since 31 janvier 2025 · until 28 juin 2031 · 0769.426.170

Represented by Gabrielle MEURER

Active

MEVERWA

Chairman of the board of directors · since 31 janvier 2025 · until 28 juin 2031 · 0443.810.632

Represented by Curt MEURER

Active

Ended mandates

Erich MEURER

Managing director · since 04 juin 2021 · until 23 février 2024

Ended

Erich MEURER

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

MEVERWA

Chairman of the board of directors · since 04 juin 2021 · until 04 juin 2027 · 0443.810.632

Represented by Curt MEURER

Ended

Curt MEURER

Chairman of the board of directors · since 05 juin 2015 · until 04 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2025
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - ENTLASSUNG - ERNENNUNG
PDF
Mandates06/07/2021
ENTLASSUNG - ERNENNUNG
PDF
Mandates26/08/2015
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/10/2011
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - ENTLASSUNG - ERNENNUNG
PDF
Mandates14/07/2009
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares25/03/2004
GENERALVERSAMMLUNG - KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - GESCHAEFTSJAHR
PDF
Other19/06/2003
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 2025266,8 k €↑
2024
Annual accounts 2024252,6 k €↓
2023
Annual accounts 2023731,4 k €↓
2022
Annual accounts 2022740,8 k €↑
2021
Annual accounts 2021617,1 k €↑
2020
Annual accounts 202069,6 k €↓
2019
Annual accounts 2019380,4 k €↑
2018
Annual accounts 20189,9 k €↓
2017
Annual accounts 201781,6 k €↓
2016
Annual accounts 2016124,4 k €↑
2015
Annual accounts 2015-286,5 €↓
2014
Annual accounts 2014125,7 k €↑
2013
Annual accounts 201341,3 k €↓
2012
Annual accounts 2012143,3 k €↑
2011
Annual accounts 2011121,5 k €↓
2010
Annual accounts 2010205,4 k €↓
2009
Annual accounts 2009248,5 k €↑
2008
Annual accounts 200898 k €↓
2007
Annual accounts 2007114,3 k €↑
2006
Annual accounts 2006104,7 k €
11/06/2003
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

MENOVA (SA)

Overview

What does MENOVA do?

Trend over 20 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