Summary
CONTRAST MINERVA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €21,458 and a net result of €102,393. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 17% of 8094 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
31 d early
2023
19 d early
2022
28 d early
2021
12 d early
2020
15 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,458=
2024 · €21,454
Net result
€102,393▼ 0.9%
2024 · €103,345
Total assets
€188,067▼ 15.3%
2024 · €221,961
Solvency
11.4%▲ 1.7pp
2024 · 9.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€233,954=€145,281▼ 37.9%€117,119▼ 19.4%€138,170▲ 18.0%€136,968▼ 0.9%
Net result€173,118above the sector's middle half▲ 0.1%€106,941above the sector's middle half▼ 38.2%€86,964above the sector's middle half▼ 18.7%€103,345above the sector's middle half▲ 18.8%€102,393above the sector's middle half▼ 0.9%
Equity€21,460below the sector's middle half=€21,458below the sector's middle half=€21,457below the sector's middle half=€21,454below the sector's middle half=€21,458below the sector's middle half=
Total assets€388,327within the sector's middle half▼ 7.4%€290,321within the sector's middle half▼ 25.2%€238,116within the sector's middle half▼ 18.0%€221,961within the sector's middle half▼ 6.8%€188,067within the sector's middle half▼ 15.3%
Debt€366,867▼ 7.8%€268,863▼ 26.7%€216,659▼ 19.4%€200,507▼ 7.5%€166,609▼ 16.9%
Working capital€36,908within the sector's middle half▼ 5.7%€34,294within the sector's middle half▼ 7.1%€16,007within the sector's middle half▼ 53.3%€9,656within the sector's middle half▼ 39.7%-€8,932within the sector's middle half
Solvency5.5%below the sector's middle half▲ 0.4pp7.4%below the sector's middle half▲ 1.9pp9.0%below the sector's middle half▲ 1.6pp9.7%below the sector's middle half▲ 0.7pp11.4%below the sector's middle half▲ 1.7pp
Current ratio1.18within the sector's middle half▼ 0.011.25within the sector's middle half▲ 0.071.13within the sector's middle half▼ 0.111.07within the sector's middle half▼ 0.060.93within the sector's middle half▼ 0.14
Return on assets (ROA)44.6%above the sector's middle half▲ 3.4pp36.8%above the sector's middle half▼ 7.7pp36.5%above the sector's middle half▼ 0.3pp46.6%above the sector's middle half▲ 10.0pp54.4%above the sector's middle half▲ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,067
Fixed assets
€61,265 ▼ 19.4%
Current assets
€126,802 ▼ 13.1%
Equity and liabilities €188,067
Equity
€21,458 =
Debt
€166,609 ▼ 16.9%
Debt's share of the balance-sheet total falls from 90.3% to 88.6%. Debt is lower.
Key figures and ratios
ROE
477.2%▼
2024 · 481.7%
Debt ≤ 1 year
€135,734▼
2024 · €136,317
Debt > 1 year
€30,875▼
2024 · €64,190
Income taxes
€34,131▼
2024 · €34,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,583 | €29,583 | €26,026 | €26,591 | €27,653 | ▲ 4.0% |
| Other operating charges640/8 | - | - | €14,667 | €15,337 | €15,793 | ▲ 3.0% |
| Gross operating margin9900 | €263,538 | €174,864 | €157,812 | €180,098 | €180,415 | ▲ 0.2% |
| Operating profit (loss)9901 | €233,954 | €145,281 | €117,119 | €138,170 | €136,968 | ▼ 0.9% |
| Financial income75/76B | - | - | €653 | €1,095 | €623 | ▼ 43.1% |
| Recurring financial income75 | - | - | €653 | €1,095 | €623 | ▼ 43.1% |
| Financial charges65/66B | €3,130 | €2,693 | €1,820 | €1,446 | €1,068 | ▼ 26.2% |
| Recurring financial charges65 | €3,130 | €2,693 | €1,820 | €1,446 | €1,068 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €230,824 | €142,588 | €115,952 | €137,819 | €136,524 | ▼ 0.9% |
| Income taxes67/77 | €57,706 | €35,647 | €28,988 | €34,473 | €34,131 | ▼ 1.0% |
| Profit (loss) for the period9904 | €173,118 | €106,941 | €86,964 | €103,345 | €102,393 | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €173,118 | €106,941 | €86,964 | €103,345 | €102,393 | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €388,327 | €290,321 | €238,116 | €221,961 | €188,067 | ▼ 15.3% |
| Fixed assets21/28 | €146,441 | €116,858 | €102,579 | €75,988 | €61,265 | ▼ 19.4% |
| Tangible fixed assets22/27 | €146,441 | €116,858 | €102,579 | €75,988 | €61,265 | ▼ 19.4% |
| Land and buildings22 | €146,441 | €116,858 | €102,579 | €75,988 | €61,265 | ▼ 19.4% |
| Current assets29/58 | €241,886 | €173,463 | €135,537 | €145,973 | €126,802 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €294 | €22,678 | €1,408 | €2,063 | €56 | ▼ 97.3% |
| Other amounts receivable41 | €294 | €22,678 | €1,408 | €2,063 | €56 | ▼ 97.3% |
| Current investments50/53 | - | - | €43,550 | €0 | - | - |
| Cash at bank and in hand54/58 | €241,592 | €150,785 | €90,122 | €143,910 | €126,726 | ▼ 11.9% |
| Deferred charges and accrued income490/1 | - | - | €457 | €0 | €20 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €388,327 | €290,321 | €238,116 | €221,961 | €188,067 | ▼ 15.3% |
| Equity10/15 | €21,460 | €21,458 | €21,457 | €21,454 | €21,458 | = |
| Contributions10/11 | €19,500 | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Reserves13 | €1,950 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Non-distributable reserves130/1 | €1,950 | €1,950 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,950 | €1,950 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,950 | €1,950 | €1,950 | = |
| Profit (loss) carried forward14 | €10 | €8 | €7 | €4 | €8 | ▲ 133% |
| Amounts payable17/49 | €366,867 | €268,863 | €216,659 | €200,507 | €166,609 | ▼ 16.9% |
| Amounts payable after more than one year17 | €161,890 | €129,694 | €97,129 | €64,190 | €30,875 | ▼ 51.9% |
| Financial debts170/4 | €161,890 | €129,694 | €97,129 | €64,190 | €30,875 | ▼ 51.9% |
| Amounts payable within one year42/48 | €204,977 | €139,169 | €119,530 | €136,317 | €135,734 | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | €31,831 | €32,196 | €32,565 | €32,938 | €33,316 | ▲ 1.1% |
| Trade debts44 | €30 | €30 | €0 | €30 | €30 | = |
| Suppliers440/4 | €30 | €30 | €0 | €30 | €30 | = |
| Other amounts payable47/48 | €173,116 | €106,943 | €86,965 | €103,349 | €102,388 | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €173,118 | €106,941 | €86,964 | €103,345 | €102,393 | ▼ 0.9% |
| + Depreciation and write-downs630 | €29,583 | €29,583 | €26,026 | €26,591 | €27,653 | ▲ 4.0% |
| Operating cash flow (approximation) | €202,701 | €136,524 | €112,990 | €129,936 | €130,046 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | €0 | -€11,747 | €0 | -€12,930 | - |
| Change in cash | - | -€90,807 | -€60,663 | €53,787 | -€17,184 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €86,964 ▼18.7%
Net result drops to €86,964, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €173,118 ▲0.1%
Net result €173,118, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2008
Ground area
5,001 m²
Building footprint
779 m²
Volume, LiDAR
5,382 m³
Parcel 23094D0007/00D000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
contrast minerva
since 20082.181.621.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0007/00D000 | Flanders | 5,001 m² | 1 · 779 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806323089
Also
9925:BE0806323089
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.