ACTIVE

MENOVA

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Financial year 2025 · Closed on 31/12/2025

Net result266,8 k €+5,6 %over 1 year

Gross margin3 M €+3,0 %over 1 year

Equity3,4 M €+5,1 %over 1 year

Workforce41,6 ETP+0,7 %over 1 year

Identity

Source · BCE/KBO

MENOVA is a Public limited company incorporated in 2003. Its main activity is: Wholesale of metals and metal ores. 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

Activities (NACE)

46720Wholesale of metals and metal ores· main 46741Wholesale of hardware, plumbing and heating equipment and supplies 46820Wholesale trade, except of motor vehicles and motorcycles 46841Wholesale trade, except of motor vehicles and motorcycles 51520Air transport 51541Air transport+12

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	487,2 k €	+7.4%	453,9 k €	-50.4%	914,2 k €	-1.3%	926,4 k €	+12.6%	822,5 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 €
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 €
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 €
Total assets	4,2 M €	+11.4%	3,8 M €	-5.3%	4 M €	+12.3%	3,5 M €	+20.8%	2,9 M €
Cash	1,7 M €	-5.3%	1,8 M €	+11.7%	1,6 M €	+53.8%	1 M €	+6.4%	971,1 k €
Debts	757,2 k €	+52.7%	495,9 k €	-48.4%	960,3 k €	+5.6%	909,2 k €	+31.6%	691 k €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEUREGA0769.426.170Represented by Gabrielle MEURER	Managing director31/01/2025 → 28/06/2031
MEVERWA0443.810.632Represented by Curt MEURER	Chairman of the board of directors05/06/2015 → 28/06/2031Director10/06/2003 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erich MEURER	Managing director04/06/2021 → 2024 accounts
Curt MEURER	Chairman of the board of directors05/06/2015 → 2020 accounts

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEUREGA0769.426.170Represented by Gabrielle MEURER	Managing director31/01/2025 → 28/06/2031
MEVERWA0443.810.632Represented by Curt MEURER	Chairman of the board of directors05/06/2015 → 28/06/2031Director10/06/2003 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erich MEURER	Managing director04/06/2021 → 2024 accounts
Curt MEURER	Chairman of the board of directors05/06/2015 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

MEVERWA

MEUREGA

Erich MEURER

Curt MEURER

20032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

MENOVA AG

Steinerberg 2, 4780 Saint-Vith

Chairman of the board of directorsDirector

Managing director

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Steinerberg 2, 4780 Saint-VithCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00314082

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MENOVACurrent		CBE
MENOVA AG	accounts 2021 → 2025	Accounts 2025 · 2026-00314082

Events

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

MENOVA

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events