ACTIVE

Minerva International Freight Forwarders Association

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Financial year 2025 · Closed on 31/12/2025

Net result7,2 k €-86,2 %over 1 year
Gross margin12,5 k €-83,2 %over 1 year
Equity63,1 k €+12,8 %over 1 year

Identity

Source · BCE/KBO

Minerva International Freight Forwarders Association is a Private limited company incorporated in 2006. Its main activity is: Support activities for transportation. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0878.924.522
Incorporation
26/01/2006
Legal form
Private limited company
Registered office
Brusselstraat 51
2018 Antwerpen · FlandreSee on map
Contributed capital
20 300,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin12,5 k €74,5 k €18,8 k €-3,4 k €10,6 k €
EBITDA11 k €73,9 k €18,2 k €-3,9 k €10,1 k €
Operating result11 k €73,3 k €17,8 k €-6,4 k €7,6 k €
Net result7,2 k €52,1 k €11,9 k €-8,6 k €3,8 k €
Balance sheet
Equity63,1 k €55,9 k €3,8 k €-8,1 k €438,3 €
Total assets70,9 k €84,4 k €84,4 k €79,2 k €163,7 k €
Cash60,4 k €78,3 k €80,4 k €76,7 k €80,5 k €
Debts7 k €28,5 k €80,6 k €86,8 k €157,4 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 18 ended

Active mandates

Ellie Stewart

Director · since 02 juin 2025

Active

Ended mandates

Gary Minshull

Director · since 26 avril 2022

Ended
André Van Lancker

Manager · since 28 mars 2013

Ended
Francine Van Meenen

Director · since 14 mars 2012 · until 28 mars 2013

Ended
Jean De Keyser

Director · since 14 mars 2012 · until 28 mars 2013

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202617/07/202515/07/202419/07/202306/07/202223/07/2021
General meeting23/06/202617/06/202518/06/202420/06/202321/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/06/202625/08/2026DutchPDF
Micro model31/12/202417/06/202517/07/2025DutchPDF
Micro model31/12/202318/06/202415/07/2024DutchPDF
Micro model31/12/202220/06/202319/07/2023DutchPDF
Micro model31/12/202121/06/202206/07/2022DutchPDF
Micro model31/12/202030/06/202123/07/2021DutchPDF
Micro model31/12/201901/09/202009/09/2020DutchPDF
Micro model31/12/201818/06/201922/07/2019DutchPDF
Micro model31/12/201719/06/201825/07/2018DutchPDF
Abridged model31/12/201620/06/201717/07/2017DutchPDF
Abridged model31/12/201522/06/201625/07/2016DutchPDF
Abridged model31/12/201423/06/201528/07/2015DutchPDF
Abridged model31/12/201330/06/201429/07/2014DutchPDF
Abridged model31/12/201218/06/201330/07/2013DutchPDF
Abridged model31/12/201114/03/201230/05/2012DutchPDF
Abridged model31/12/201001/06/201129/06/2011DutchPDF
Abridged model31/12/200920/08/201030/08/2010DutchPDF
Abridged model31/12/200813/05/200931/07/2009DutchPDF
Abridged model31/12/200709/04/200830/07/2008DutchPDF
Abridged model31/12/200619/06/200718/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 18 ended

Active mandates

Ellie Stewart

Director · since 02 juin 2025

Active

Ended mandates

Gary Minshull

Director · since 26 avril 2022

Ended
André Van Lancker

Manager · since 28 mars 2013

Ended
Francine Van Meenen

Director · since 14 mars 2012 · until 28 mars 2013

Ended
Jean De Keyser

Director · since 14 mars 2012 · until 28 mars 2013

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates01/08/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/04/2013
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates09/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/08/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/02/2006
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20257,2 k €↓
  2. 2024
    Annual accounts 202452,1 k €↑
  3. 2023
    Annual accounts 202311,9 k €↑
  4. 2022
    Annual accounts 2022-8,6 k €↓
  5. 2021
    Annual accounts 20213,8 k €↑
  6. 2021
    Name changeMiffa
  7. 2020
    Annual accounts 2020-1,3 k €↑
  8. 2019
    Annual accounts 2019-4 k €↓
  9. 2018
    Annual accounts 20188,7 k €↑
  10. 2017
    Annual accounts 2017-7,8 k €↓
  11. 2016
    Annual accounts 20162,6 k €↓
  12. 2015
    Annual accounts 20159 k €↑
  13. 2014
    Annual accounts 20147,7 k €↓
  14. 2013
    Annual accounts 201319,2 k €↓
  15. 2012
    Annual accounts 201221,7 k €↑
  16. 2011
    Annual accounts 201115,8 k €↑
  17. 2010
    Annual accounts 2010402,2 €↑
  18. 2009
    Annual accounts 2009-4,3 k €↑
  19. 2008
    Annual accounts 2008-33,6 k €↓
  20. 2007
    Annual accounts 2007-28,6 k €↑
  21. 2006
    Annual accounts 2006-29,1 k €
  22. 26/01/2006
    IncorporationPrivate limited company
  23. 2006
    Name changeMinerva International Freight Forwarders Association