ACTIVE

MINIVAL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

2,1 k €

-42.4% YoY

Gross margin

30,3 k €

-6.5% YoY

Equity

103,2 k €

+2.1% YoY

What does MINIVAL do?

MINIVAL is a Private limited company incorporated in 2003. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.543.092

Incorporation

23/06/2003

Legal form

Private limited company

Registered office

Drève des Renards 6 box 3
1180 Uccle · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	30,3 k €	-6.5%	32,4 k €	+12.0%	29 k €	+1.5%	28,5 k €	-10.1%	31,7 k €	+9.0%	29,1 k €	+5.5%	27,6 k €	-24.1%	36,4 k €	-10.7%	40,7 k €	+8.6%	37,5 k €	+70.4%	22 k €	+61.4%	13,6 k €	+10.7%	12,3 k €	-2.3%	12,6 k €	-2.8%	13 k €	+8.5%	12 k €	-14.9%	14,1 k €	-3.2%	14,5 k €	+20.8%	12 k €	-15.8%	14,3 k €
EBITDA	25,4 k €	-7.8%	27,6 k €	+13.0%	24,4 k €	+1.5%	24 k €	-0.7%	24,2 k €	-15.8%	28,7 k €	+21.6%	23,6 k €	-27.3%	32,5 k €	-12.0%	36,9 k €	+9.7%	33,6 k €	+67.3%	20,1 k €	+69.1%	11,9 k €	+12.4%	10,6 k €	-2.8%	10,9 k €	-3.9%	11,3 k €	+9.6%	10,3 k €	-16.4%	12,4 k €	-5.1%	13 k €	+23.6%	10,5 k €	-17.2%	12,7 k €
Operating result	9,1 k €	-16.7%	11 k €	+62.0%	6,8 k €	+11.1%	6,1 k €	-2.7%	6,3 k €	-42.1%	10,8 k €	+89.9%	5,7 k €	-60.9%	14,5 k €	-23.3%	19 k €	+20.8%	15,7 k €	+53.3%	10,2 k €	+68.9%	6,1 k €	+27.5%	4,8 k €	-6.0%	5,1 k €	-7.9%	5,5 k €	+21.9%	4,5 k €	-31.1%	6,5 k €	-7.1%	7 k €	+60.3%	4,4 k €	-33.3%	6,6 k €
Net result	2,1 k €	-42.4%	3,6 k €	+501%	-906,7 €	+52.7%	-1,9 k €	+7.4%	-2,1 k €	-198%	2,1 k €	+163%	-3,3 k €	-195%	3,5 k €	-42.9%	6,1 k €	+61.3%	3,8 k €	-45.6%	7 k €	+48.7%	4,7 k €	+87.1%	2,5 k €	+18.7%	2,1 k €	-3.2%	2,2 k €	+159%	843 €	-66.6%	2,5 k €	-5.6%	2,7 k €	+248%	-1,8 k €	-120%	9,2 k €
Balance sheet
Equity	103,2 k €	+2.1%	101,1 k €	+3.7%	97,5 k €	-0.9%	98,4 k €	-1.9%	100,3 k €	-2.0%	102,4 k €	+2.1%	100,3 k €	-3.2%	103,6 k €	+3.5%	100,1 k €	+6.5%	94 k €	+4.2%	90,2 k €	+8.4%	83,2 k €	+6.0%	78,5 k €	+3.3%	76 k €	+2.9%	73,8 k €	+3.1%	71,7 k €	+1.2%	70,8 k €	+3.7%	68,3 k €	+4.1%	65,6 k €	-2.7%	67,4 k €
Total assets	296,7 k €	-5.0%	312,3 k €	-4.8%	328 k €	-4.8%	344,5 k €	-5.4%	364,3 k €	-5.2%	384,2 k €	-3.7%	398,8 k €	-5.6%	422,3 k €	-3.9%	439,6 k €	-3.9%	457,5 k €	-4.0%	476,5 k €	+290%	122,3 k €	-3.4%	126,5 k €	-4.4%	132,4 k €	-4.4%	138,4 k €	-3.4%	143,3 k €	-5.4%	151,6 k €	-3.5%	157,1 k €	-2.8%	161,7 k €	-4.4%	169,1 k €
Cash	3,1 k €	+33.5%	2,3 k €	+59.8%	1,4 k €	+390%	294,7 €	-86.7%	2,2 k €	-46.5%	4,1 k €	+404%	820,4 €	-87.1%	6,4 k €	+11.0%	5,7 k €	+2.9%	5,6 k €	-15.6%	6,6 k €	+240%	1,9 k €	+59.7%	1,2 k €	-0.1%	1,2 k €	-15.5%	1,4 k €	+364%	310 €	-89.5%	2,9 k €	+11.7%	2,6 k €	+115%	1,2 k €	-51.2%	2,5 k €
Debts	193,5 k €	-8.3%	211,1 k €	-8.4%	230,5 k €	-6.3%	246,1 k €	-6.8%	264 k €	-6.3%	281,8 k €	-5.6%	298,5 k €	-6.3%	318,7 k €	-6.1%	339,5 k €	-6.6%	363,5 k €	-5.9%	386,3 k €	+888%	39,1 k €	-18.6%	48 k €	-14.8%	56,4 k €	-12.7%	64,6 k €	-9.9%	71,7 k €	-11.3%	80,8 k €	-7.8%	87,6 k €	-7.6%	94,9 k €	-5.6%	100,5 k €

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 31/12/2025 · 2 active · 13 ended

Active mandates

MICHEL FORGES

Director

Active

NICOLAS HOUSSIAU

Director

Active

Ended mandates

MICHEL FORGES

Managing director · since 25 avril 2021 · until 25 avril 2027

Ended

NICOLAS HOUSSIAU

Director · since 25 avril 2021 · until 25 avril 2027

Ended

NICOLAS HOUSSIAU

Managing director · since 25 avril 2021 · until 25 avril 2027

Ended

MICHEL FORGES

Director · since 25 avril 2015 · until 25 avril 2021

Ended

At this address

Other companies at this address

Company	CBE no.
CASBA '70● Active	0871.727.815
Clavimire● Liquidation	0446.646.891
COMPAGNIE DES RENARDS● Active	0547.867.480
DOUBLE CHECK● Active	0769.487.934
DPS CHAUFFAGISTE● Active	1008.926.001
EOH INVESTORS BELGIUM● Active	0888.453.880
EURO ACCESS PANEL● Active	0461.578.854
FABER INTER LEGAL● Active	0802.736.960
FABER INTER MANAGEMENT ASSISTANCE● Active	0446.613.536
JOMONT● Active	0444.808.445
TEGEFI● Active	0451.729.790
The European Aviation Club● Active	0445.632.153

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	25/08/2026	13/08/2025	19/09/2024	22/08/2023	24/05/2022	21/05/2021
General meeting	20/06/2026	20/06/2025	20/06/2024	25/04/2023	25/04/2022	26/04/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/06/2026	25/08/2026	French	PDF
Micro model	31/12/2024	20/06/2025	13/08/2025	French	PDF
Micro model	31/12/2023	20/06/2024	19/09/2024	French	PDF
Micro model	31/12/2022	25/04/2023	22/08/2023	French	PDF
Micro model	31/12/2021	25/04/2022	24/05/2022	French	PDF
Micro model	31/12/2020	26/04/2021	21/05/2021	French	PDF
Micro model	31/12/2019	23/06/2020	24/06/2020	French	PDF
Micro model	31/12/2018	25/04/2019	17/06/2019	French	PDF
Micro model	31/12/2017	25/04/2018	31/07/2018	French	PDF
Micro model	31/12/2016	27/04/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	27/04/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	27/04/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	25/04/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	25/04/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	25/04/2012	31/05/2012	French	PDF
Abridged model	31/12/2010	25/04/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	25/04/2010	13/08/2010	French	PDF
Abridged model	31/12/2008	25/04/2009	06/08/2009	French	PDF
Abridged model	31/12/2007	25/04/2008	14/08/2008	French	PDF
Abridged model	31/12/2006	25/04/2007	31/08/2007	French	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 31/12/2025 · 2 active · 13 ended

Active mandates

MICHEL FORGES

Director

Active

NICOLAS HOUSSIAU

Director

Active

Ended mandates

MICHEL FORGES

Managing director · since 25 avril 2021 · until 25 avril 2027

Ended

NICOLAS HOUSSIAU

Director · since 25 avril 2021 · until 25 avril 2027

Ended

NICOLAS HOUSSIAU

Managing director · since 25 avril 2021 · until 25 avril 2027

Ended

MICHEL FORGES

Director · since 25 avril 2015 · until 25 avril 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/03/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates09/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2009
DEMISSIONS, NOMINATIONS
PDF
Other23/06/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20252,1 k €↓
2024
Annual accounts 20243,6 k €↑
2023
Annual accounts 2023-906,7 €↑
2022
Annual accounts 2022-1,9 k €↑
2021
Annual accounts 2021-2,1 k €↓
2020
Annual accounts 20202,1 k €↑
2019
Annual accounts 2019-3,3 k €↓
2018
Annual accounts 20183,5 k €↓
2017
Annual accounts 20176,1 k €↑
2016
Annual accounts 20163,8 k €↓
2015
Annual accounts 20157 k €↑
2014
Annual accounts 20144,7 k €↑
2013
Annual accounts 20132,5 k €↑
2012
Annual accounts 20122,1 k €↓
2011
Annual accounts 20112,2 k €↑
2010
Annual accounts 2010843 €↓
2009
Annual accounts 20092,5 k €↓
2008
Annual accounts 20082,7 k €↑
2007
Annual accounts 2007-1,8 k €↓
2006
Annual accounts 20069,2 k €
23/06/2003
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

MINIVAL

Overview

What does MINIVAL do?

Trend over 20 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