MINERALE

Active

Public limited companyfounded 198442 yrs activeRue des Aulniats 202, 6042 Charleroi, BelgiumKBO/BCE: BE 0425.696.574

Summary

MINERALE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.5m and a net result of €2.1m. Equity is growing by ~17.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

MINERALEActiveChecked score 80/100

Risk analysis Report Compare

Checked score

Score 2025

80 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability93▼-7

Solvency90▼-6

Growth70▼-2

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €550,000 at 30 days acceptable

Liquidity ample (current ratio 2.78 against 3.46 in 2024; short-term debt: 31.9% and cash: 0% of total assets), and 34.7% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

65.3%

Return on assets

18%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 09

Relative position

BE, all sectors

reference

Mining support service activities (NACE 09)

about 13% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

72 d early

2024

76 d early

2023

75 d early

2022

76 d early

2021

75 d early

2020

74 d early

2019

72 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 74 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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 17 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

29-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 19 April 1984, MINERALE was incorporated.¹ Of the 4 current board members, Sylvain Hourquebie has served longest, since 2021.² Revenue went from EUR 9.8 million in 2018 to EUR 16 million in 2025 and headcount from 26.8 to 27.2 full-time equivalents.³

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

In the rankings #4 company by total assets in Belgium, Mining support services sector #4 company by equity in Belgium, Mining support services sector #5 oldest company in Belgium, Mining support services sector

Turnover

€15.6m▼ 0.7%

2024 · €15.7m

EBIT margin

16.7%▼ 8.5pp

2024 · 25.2%

Net result

€2.1m▼ 33.9%

2024 · €3.1m

Working capital

€6.5m▼ 1.6%

2024 · €6.6m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€10.7m▲ 7.6%€12.4m▲ 16.2%€15.6m▲ 25.4%€15.7m▲ 0.4%€15.6m▼ 0.7%

Operating result€1.0m▲ 28.2%€1.7m▲ 71.5%€3.6m▲ 108%€3.9m▲ 10.0%€2.6m▼ 34.0%

Net result€738,249▲ 31.0%€1.3m▲ 69.5%€2.7m▲ 116%€3.1m▲ 14.6%€2.1m▼ 33.9%

EBIT margin9.4%▲ 1.5pp13.8%▲ 4.5pp23.0%▲ 9.2pp25.2%▲ 2.2pp16.7%▼ 8.5pp

Equity€4.3m▲ 20.5%€5.6m▲ 28.9%€6.3m▲ 12.7%€7.4m▲ 17.5%€7.5m▲ 0.7%

Total assets€6.4m▲ 12.9%€8.4m▲ 30.2%€9.6m▲ 14.1%€10.4m▲ 8.8%€11.4m▲ 9.8%

Debt€1.8m▼ 0.1%€2.5m▲ 38.8%€2.9m▲ 19.2%€2.7m▼ 9.1%€3.6m▲ 36.0%

Working capital€3.2m▲ 51.5%€4.5m▲ 39.6%€5.2m▲ 14.9%€6.6m▲ 27.3%€6.5m▼ 1.6%

Staff (FTE)27.9▲ 3.0%28▲ 0.4%29▲ 3.6%27.4▼ 5.5%27.2▼ 0.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 34% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.4m

11%

88.8%

Fixed assets €1.3m ▲ 14.6%

Current assets €10.1m ▲ 9.3%

Equity and liabilities €11.4m

65.3%

31.9%

Equity €7.5m ▲ 0.7%

Provisions €314,923 =

Debt €3.6m ▲ 36.0%

Debt's share of the balance-sheet total rises from 25.7% to 31.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€3.0m▼

2024 · €4.4m

Cash flow

€2.5m▼

2024 · €3.6m

Current ratio

2.78▼

2024 · 3.46

Quick ratio

2.42▼

2024 · 3.01

Debt to equity

0.49▲

2024 · 0.36

ROE

27.6%▼

2024 · 42.0%

ROA

18.0%▼

2024 · 29.9%

Interest coverage

393.77▼

2024 · 677.69

Debt ≤ 1 year

€3.6m▲

2024 · €2.7m

Income taxes

€707,917▼

2024 · €1.1m

Staff costs

€1.9m▲

2024 · €1.8m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

0.2% went bankrupt

4.7% stopped otherwise

95% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.9%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 74 lines

Balance sheet Code20242025

Assets

Total assets20/58€10.4m€11.4m▲

Formation expenses20€19,844€13,600▼

Fixed assets21/28€1.1m€1.3m▲

Tangible fixed assets22/27€1.1m€1.3m▲

Land and buildings22€590,188€564,140▼

Plant, machinery and equipment23€413,311€568,459▲

Furniture and vehicles24€94,878€105,702▲

Assets under construction and advance payments27€0€28,084▲

Financial fixed assets28€11,510€5,395▼

Other financial fixed assets284/8€11,510€5,395▼

Amounts receivable and cash guarantees285/8€11,510€5,395▼

Current assets29/58€9.3m€10.1m▲

Stocks and contracts in progress3€1.2m€1.3m▲

Stocks30/36€1.2m€1.3m▲

Raw materials and consumables30/31€733,659€856,200▲

Finished goods33€480,856€468,688▼

Amounts receivable within one year40/41€8.0m€8.8m▲

Trade receivables40€3.2m€3.4m▲

Other amounts receivable41€4.8m€5.4m▲

Cash at bank and in hand54/58€2,641€4,026▲

Deferred charges and accrued income490/1€67,402€38,069▼

Equity and liabilities

Total equity and liabilities10/49€10.4m€11.4m▲

Equity10/15€7.4m€7.5m▲

Contributions10/11€1.0m€1.0m=

Capital10€1.0m€1.0m=

Issued capital100€1.0m€1.0m=

Reserves13€555,065€555,065=

Non-distributable reserves130/1€375,000€375,000=

Legal reserve130€375,000€375,000=

Distributable reserves133€180,065€180,065=

Profit (loss) carried forward14€5.8m€5.9m▲

Provisions and deferred taxes16€314,923€314,923=

Provisions for liabilities and charges160/5€314,923€314,923=

Major repairs and maintenance162€14,923€14,923=

Other liabilities and charges164/5€300,000€300,000=

Amounts payable17/49€2.7m€3.6m▲

Amounts payable within one year42/48€2.7m€3.6m▲

Trade debts44€2.3m€3.2m▲

Suppliers440/4€2.3m€3.2m▲

Taxes, remuneration and social security45€368,132€429,088▲

Taxes450/3€29,170€49,748▲

Remuneration and social security454/9€338,962€379,340▲

Income statement Code20242025

Operating income70/76A€16.1m€15.8m▼

Turnover70€15.7m€15.6m▼

Change in stocks of work in progress, finished goods and contracts in progress71€288,569-€12,169▼

Other operating income74€163,814€250,379▲

Non-recurring operating income76A-€14,500

Operating charges60/66A€12.2m€13.2m▲

Goods for resale, raw materials and consumables60€7.5m€8.6m▲

Purchases600/8€8.0m€8.8m▲

Change in stocks: decrease (increase)609-€522,341-€122,541▲

Services and other goods61€2.3m€2.2m▼

Remuneration, social security and pensions62€1.8m€1.9m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€488,589€407,007▼

Other operating charges640/8€82,774€116,188▲

Non-recurring operating charges66A€126€1,652▲

Operating profit (loss)9901€3.9m€2.6m▼

Financial income75/76B€222,634€166,401▼

Recurring financial income75€222,634€166,401▼

Income from financial fixed assets750€222,634€166,400▼

Other financial income752/9€0€1▲

Financial charges65/66B€6,542€7,642▲

Recurring financial charges65€6,542€7,642▲

Other financial charges652/9€6,542€7,642▲

Profit (loss) for the period before taxes9903€4.2m€2.8m▼

Income taxes67/77€1.1m€707,917▼

Taxes670/3€1.1m€707,917▼

Profit (loss) for the period9904€3.1m€2.1m▼

Profit (loss) for the period to be appropriated9905€3.1m€2.1m▼

Appropriation of the result

Profit (loss) to be appropriated9906€7.8m€7.9m▲

Profit (loss) brought forward from the previous period14P€4.7m€5.8m▲

Profit to be distributed694/7€2.0m€2.0m=

Return on contributions (dividend)694€2.0m€2.0m=

Social balance

Average headcount (FTE)908727.427.2▼

The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€10.7m	€12.5m	€15.7m	€16.1m	€15.8m	▼ 1.9%
Turnover70	€10.7m	€12.4m	€15.6m	€15.7m	€15.6m	▼ 0.7%
Change in stocks of work in progress, finished goods and contracts in progress71	-€35,851	-€38,935	€40,410	€288,569	-€12,169	▼ 104%
Other operating income74	€76,280	€79,037	€100,314	€163,814	€250,379	▲ 52.8%
Non-recurring operating income76A	-	-	-	-	€14,500	-
Operating charges60/66A	€9.7m	€10.7m	€12.1m	€12.2m	€13.2m	▲ 8.5%
Goods for resale, raw materials and consumables60	€6.0m	€6.3m	€7.4m	€7.5m	€8.6m	▲ 15.1%
Purchases600/8	€5.9m	€6.3m	€7.4m	€8.0m	€8.8m	▲ 9.1%
Change in stocks: decrease (increase)609	€142,774	€14,581	€69,137	-€522,341	-€122,541	▲ 76.5%
Services and other goods61	€1.6m	€2.1m	€2.0m	€2.3m	€2.2m	▼ 4.0%
Remuneration, social security and pensions62	€1.6m	€1.8m	€2.0m	€1.8m	€1.9m	▲ 2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€522,969	€491,729	€549,375	€488,589	€407,007	▼ 16.7%
Other operating charges640/8	€71,089	€64,827	€91,937	€82,774	€116,188	▲ 40.4%
Non-recurring operating charges66A	€2,364	€1,334	€75,058	€126	€1,652	▲ 1,211%
Operating profit (loss)9901	€1.0m	€1.7m	€3.6m	€3.9m	€2.6m	▼ 34.0%
Financial income75/76B	€78	€8,128	€99,208	€222,634	€166,401	▼ 25.3%
Recurring financial income75	€78	€8,128	€99,208	€222,634	€166,401	▼ 25.3%
Income from financial fixed assets750	-	€8,122	€99,208	€222,634	€166,400	▼ 25.3%
Other financial income752/9	€78	€6	€0	€0	€1	-
Financial charges65/66B	€7,032	€7,798	€7,144	€6,542	€7,642	▲ 16.8%
Recurring financial charges65	€7,032	€7,798	€7,144	€6,542	€7,642	▲ 16.8%
Other financial charges652/9	€7,032	€7,798	€7,144	€6,542	€7,642	▲ 16.8%
Profit (loss) for the period before taxes9903	€996,365	€1.7m	€3.7m	€4.2m	€2.8m	▼ 33.6%
Income taxes67/77	€258,116	€469,652	€970,652	€1.1m	€707,917	▼ 33.0%
Taxes670/3	€258,116	€469,652	€970,652	€1.1m	€707,917	▼ 33.0%
Profit (loss) for the period9904	€738,249	€1.3m	€2.7m	€3.1m	€2.1m	▼ 33.9%
Profit (loss) for the period to be appropriated9905	€738,249	€1.3m	€2.7m	€3.1m	€2.1m	▼ 33.9%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€6.4m	€8.4m	€9.6m	€10.4m	€11.4m	▲ 9.8%
Formation expenses20	€41,420	€33,754	€26,089	€19,844	€13,600	▼ 31.5%
Fixed assets21/28	€1.4m	€1.4m	€1.4m	€1.1m	€1.3m	▲ 14.6%
Tangible fixed assets22/27	€1.4m	€1.4m	€1.4m	€1.1m	€1.3m	▲ 15.3%
Land and buildings22	€544,641	€538,765	€577,709	€590,188	€564,140	▼ 4.4%
Plant, machinery and equipment23	€795,822	€505,573	€547,972	€413,311	€568,459	▲ 37.5%
Furniture and vehicles24	€36,460	€316,631	€205,258	€94,878	€105,702	▲ 11.4%
Assets under construction and advance payments27	-	-	€67,000	€0	€28,084	-
Financial fixed assets28	€15,960	€5,260	€12,760	€11,510	€5,395	▼ 53.1%
Other financial fixed assets284/8	€15,960	€5,260	€12,760	€11,510	€5,395	▼ 53.1%
Amounts receivable and cash guarantees285/8	€15,960	€5,260	€12,760	€11,510	€5,395	▼ 53.1%
Current assets29/58	€5.0m	€7.0m	€8.1m	€9.3m	€10.1m	▲ 9.3%
Stocks and contracts in progress3	€485,849	€432,332	€403,605	€1.2m	€1.3m	▲ 9.1%
Stocks30/36	€485,849	€432,332	€403,605	€1.2m	€1.3m	▲ 9.1%
Raw materials and consumables30/31	€295,036	€280,454	€211,317	€733,659	€856,200	▲ 16.7%
Finished goods33	€190,813	€151,878	€192,288	€480,856	€468,688	▼ 2.5%
Amounts receivable within one year40/41	€4.5m	€6.5m	€7.7m	€8.0m	€8.8m	▲ 9.8%
Trade receivables40	€2.4m	€3.6m	€3.8m	€3.2m	€3.4m	▲ 6.0%
Other amounts receivable41	€2.1m	€3.0m	€3.9m	€4.8m	€5.4m	▲ 12.2%
Cash at bank and in hand54/58	€5,069	€2,186	€2,456	€2,641	€4,026	▲ 52.4%
Deferred charges and accrued income490/1	-	€20,660	€20,439	€67,402	€38,069	▼ 43.5%
Equity and liabilities
Total equity and liabilities10/49	€6.4m	€8.4m	€9.6m	€10.4m	€11.4m	▲ 9.8%
Equity10/15	€4.3m	€5.6m	€6.3m	€7.4m	€7.5m	▲ 0.7%
Contributions10/11	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Capital10	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Issued capital100	€1.0m	€1.0m	€1.0m	€1.0m	€1.0m	=
Reserves13	€555,065	€555,065	€555,065	€555,065	€555,065	=
Non-distributable reserves130/1	€375,000	€375,000	€375,000	€375,000	€375,000	=
Legal reserve130	€375,000	€375,000	€375,000	€375,000	€375,000	=
Distributable reserves133	€180,065	€180,065	€180,065	€180,065	€180,065	=
Profit (loss) carried forward14	€2.8m	€4.0m	€4.7m	€5.8m	€5.9m	▲ 0.9%
Provisions and deferred taxes16	€314,923	€314,923	€314,923	€314,923	€314,923	=
Provisions for liabilities and charges160/5	€314,923	€314,923	€314,923	€314,923	€314,923	=
Major repairs and maintenance162	€14,923	€14,923	€14,923	€14,923	€14,923	=
Other liabilities and charges164/5	€300,000	€300,000	€300,000	€300,000	€300,000	=
Amounts payable17/49	€1.8m	€2.5m	€2.9m	€2.7m	€3.6m	▲ 36.0%
Amounts payable within one year42/48	€1.8m	€2.5m	€2.9m	€2.7m	€3.6m	▲ 36.0%
Trade debts44	€1.5m	€1.8m	€2.1m	€2.3m	€3.2m	▲ 39.1%
Suppliers440/4	€1.5m	€1.8m	€2.1m	€2.3m	€3.2m	▲ 39.1%
Taxes, remuneration and social security45	€276,802	€619,418	€862,447	€368,132	€429,088	▲ 16.6%
Taxes450/3	€51,437	€260,575	€490,530	€29,170	€49,748	▲ 70.5%
Remuneration and social security454/9	€225,365	€358,843	€371,917	€338,962	€379,340	▲ 11.9%
Accrued charges and deferred income492/3	€8,700	-	-	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€738,249	€1.3m	€2.7m	€3.1m	€2.1m	▼ 33.9%
+ Depreciation and write-downs630	€522,969	€491,729	€549,375	€488,589	€407,007	▼ 16.7%
Operating cash flow (approximation)	€1.3m	€1.7m	€3.3m	€3.6m	€2.5m	▼ 31.5%
Investment in fixed assets (approximation)	-	-€465,075	-€593,845	-€187,777	-€568,900	▼ 203%
Change in cash	-	-€2,883	€270	€185	€1,385	▲ 649%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 46Financial 2Gazette 34Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

State Gazette act Resignation: Laurent Picron (director)

Appointment: Tom Cornelissen (administrateur coopté)5 facts ▸

Director resignation, Laurent Picron (director)
Director appointment, Tom Cornelissen (administrateur coopté)
Other statement, rémunération du mandat, gratuit
Other statement, toutes les questions affectant l'exercice de son mandat, élection de domicile
Director appointment, Tom Cornelissen (director)

20-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

08-12

State Gazette act Resignation: Stefan Slabbynck (director)

Appointment: Philippe Tychon (director) · Mandate compensation5 facts ▸

General meeting, 30/09/2025
Board meeting, 08/09/2025
Director resignation, Stefan Slabbynck (director)
Director appointment, Philippe Tychon (director)
Mandate compensation, Philippe Tychon

16-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2018net €3.1m ▲14.6%

Operating result €3.9m, net result €3.1m, both a record.

06-06

State Gazette act Resignations: Philippe Tychon (director) and Danny Jans (director)

Appointments: Laurent Picron (director) and Niels Ledinek (director) · Mandate compensation7 facts ▸

General meeting, 15/05/2024
Director resignation, Philippe Tychon (director)
Director appointment, Laurent Picron (director)
Mandate compensation, Laurent Picron
Director resignation, Danny Jans (director)
Director appointment, Niels Ledinek (director)
Mandate compensation, Niels Ledinek

17-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

16-02

State Gazette act Statutes amendment

Capital3 facts ▸

General meeting, 27 décembre 2023
Capital, €1.000.000
Statutes amendment

2023

14-07

State Gazette act Resignation: Pieterjan Goedertier (director)

Appointment: Danny Jans (director)3 facts ▸

General meeting, 13/06/2023
Director resignation, Pieterjan Goedertier (director)
Director appointment, Danny Jans (director)

13-06

State Gazette act Appointments: Stefan Slabbynck (director) and Ernst & Young (statutory auditor)

Resignation: Werner Annaert (director) · Reappointments: Philippe Tychon (director) and Pieterjan Goedertier (director) · Mandate compensation9 facts ▸

General meeting, 15/05/2023
Director appointment, Stefan Slabbynck (director)
Mandate compensation, Stefan Slabbynck
Director resignation, Werner Annaert
Director reappointment, Philippe Tychon (director)
Mandate compensation, Philippe Tychon
Director reappointment, Pieterjan Goedertier (director)
Mandate compensation, Pieterjan Goedertier
Auditor appointment, Ernst & Young (statutory auditor)

16-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

24-02

State Gazette act Resignation: Werner Annaert (director)

2 facts ▸

Board meeting, 19/12/2022
Director resignation, Werner Annaert (director)

Show earlier events

2022

31-12

Financial Equity above €5mEq €5.6m ▲28.9%

5 profitable years in a row build equity to €5.6m.

17-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

03-06

State Gazette act Resignations: Alain Jacob (director) and Ilse Kenis (director)

Appointments: Werner Annaert (director) and Sylvain Hourquebie (director) · Mandate compensation · Power of attorney9 facts ▸

General meeting, 17/05/2021
Director resignation, Alain Jacob (director)
Director appointment, Werner Annaert (director)
Mandate compensation, Werner Annaert
Director resignation, Ilse Kenis (director)
Director appointment, Sylvain Hourquebie (director)
Mandate compensation, Sylvain Hourquebie
Power of attorney, Wendy Ooijen
Power of attorney, Alexandre Haibrecq

18-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

18-06

State Gazette act Appointment: Ernst & Young (statutory auditor)

Power of attorney5 facts ▸

General meeting, 15/05/2020
Auditor appointment, Ernst & Young (statutory auditor)
Power of attorney, Wendy Ooijen
Power of attorney, Alexandre Halbrecq
Power of attorney, Administrateurs

20-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

05-11

State Gazette act Resignation: Mark Stulens (director)

Appointment: Ilse Kenis (director)3 facts ▸

General meeting, 14/08/2019
Director resignation, Mark Stulens (director)
Director appointment, Ilse Kenis (director)

28-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

07-12

State Gazette act Permanent representatives: Vincent Etienne and Christoph Oris

Appointment: Christoph Oris (commissaire aux comptes) · Resignation: Vincent Etienne (commissaire aux comptes)5 facts ▸

Board meeting, 23/11/2018
Permanent representative, Vincent Etienne
Permanent representative, Christoph Oris
Auditor appointment, Christoph Oris (commissaire aux comptes)
Director resignation, Vincent Etienne (commissaire aux comptes)

05-12

State Gazette act Resignation: Stéphane Leroux (director)

Appointment: Pieterjan Goedertier (director)3 facts ▸

General meeting, 18/09/2018
Director resignation, Stéphane Leroux (director)
Director appointment, Pieterjan Goedertier (director)

04-07

State Gazette act Reappointments: Stéphane Leroux, Mark Stulens and Philippe Tychon

4 facts ▸

General meeting, 16/05/2018
Director reappointment, Stéphane Leroux (director)
Director reappointment, Mark Stulens (director)
Director reappointment, Philippe Tychon (director)

28-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

20-12

State Gazette act Capital & shares

Capital decrease · Capital · Statutes amendment4 facts ▸

General meeting, 29/11/2017
Capital decrease, €2.750.000
Capital, €1.000.000
Statutes amendment

29-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

12-06

State Gazette act Reappointment: Alain Jacob (director)

Appointment: Ernst & Young (statutory auditor) · Permanent representative: Vincent Etienne4 facts ▸

General meeting, 15/05/2017
Director reappointment, Alain Jacob (director)
Auditor appointment, Ernst & Young (statutory auditor)
Permanent representative, Vincent Etienne

19-01

State Gazette act Appointment: Alexandre Halbrecq (daily management delegate)

Resignation: Stéphane Leroux (daily management delegate)3 facts ▸

Board meeting, 30/11/2016
Director appointment, Alexandre Halbrecq (daily management delegate)
Director resignation, Stéphane Leroux (daily management delegate)

2016

15-04

State Gazette act Appointment: Stéphane Leroux (managing director)

2 facts ▸

Board meeting, 14/03/2016
Director appointment, Stéphane Leroux (managing director)

23-03

State Gazette act Resignation: Christian Deltenre (director)

Appointment: Mark Stulens (director)4 facts ▸

Board meeting, 22/09/2015
Director resignation, Christian Deltenre (director)
Director resignation, Christian Deltenre (managing director)
Director appointment, Mark Stulens (director)

2015

24-08

State Gazette act Appointment: Stéphane Leroux (director)

2 facts ▸

General meeting, 15/05/2015
Director appointment, Stéphane Leroux (director)

24-08

State Gazette act Resignation: Martine Marbaix (statutory auditor)

Appointment: Ernst & Young (commissaire reviseur) · Permanent representative: Vincent Etienne · Director discharge5 facts ▸

General meeting, 15/05/2014
Director resignation, Martine Marbaix (statutory auditor)
Director discharge, Martine Marbaix (statutory auditor)
Auditor appointment, Ernst & Young (commissaire reviseur)
Permanent representative, Vincent Etienne

24-08

State Gazette act Resignation: Mathieu Berthoud (director)

Appointment: Philippe Tychon (director) · Mandate compensation4 facts ▸

Board meeting, 22/04/2015
Director resignation, Mathieu Berthoud (director)
Director appointment, Philippe Tychon (director)
Mandate compensation, Philippe Tychon

2014

03-02

State Gazette act Appointment: Stéphane Leroux (director)

Mandate compensation3 facts ▸

General meeting, 21/06/2013
Director appointment, Stéphane Leroux (director)
Mandate compensation, Stéphane Leroux

2012

05-11

State Gazette act Resignation: David Paté (director)

Appointments: Stéphane Leroux (director) and Christian Deltenre (managing director) · Mandate compensation7 facts ▸

Board meeting, 12/09/2012
Director resignation, David Paté (director)
Director resignation, David Paté (managing director)
Director appointment, Stéphane Leroux (director)
Mandate compensation, Stéphane Leroux
Director appointment, Christian Deltenre (managing director)
Mandate compensation, Christian Deltenre

24-09

State Gazette act Appointment: Christian Deltenre (director)

Reappointments: Mathieu Berthoud (director) and David Paté (director) · Mandate compensation7 facts ▸

General meeting, 15/05/2012
Director appointment, Christian Deltenre (director)
Mandate compensation, Christian Deltenre
Director reappointment, Mathieu Berthoud (director)
Mandate compensation, Mathieu Berthoud
Director reappointment, David Paté (director)
Mandate compensation, David Paté

04-05

State Gazette act Resignation: Pierre Hornung (director)

Appointment: Christian Deltenre (director) · Mandate compensation4 facts ▸

Board meeting, 22/12/2011
Director resignation, Pierre Hornung (director)
Director appointment, Christian Deltenre (director)
Mandate compensation, Christian Deltenre

2011

19-10

State Gazette act Resignation: Danny Chabert (statutory auditor)

Appointment: Martine Marbaix (statutory auditor) · Director discharge · Mandate compensation5 facts ▸

General meeting, 21/06/2011
Auditor resignation, Danny Chabert
Director discharge, Danny Chabert
Auditor appointment, Martine Marbaix (statutory auditor)
Mandate compensation, Martine Marbaix

01-07

State Gazette act Resignation: Christian Deltenre (director)

Appointment: Pierre Hornung (director) · Mandate compensation4 facts ▸

General meeting, 23/05/2011
Director resignation, Christian Deltenre (director)
Director appointment, Pierre Hornung (director)
Mandate compensation, Pierre Hornung

2010

02-07

State Gazette act Appointments: Danny Chabert, Alain Jacob and Deltenre Christian

Resignations: Christine Levêque (director) and Didier Driancourt (director) · Mandate compensation8 facts ▸

General meeting, 17/05/2010
Auditor appointment, Danny Chabert (statutory auditor)
Director resignation, Christine Levêque (director)
Director resignation, Didier Driancourt (director)
Director appointment, Alain Jacob (director)
Director appointment, Deltenre Christian (director)
Mandate compensation, Alain Jacob
Mandate compensation, Deltenre Christian

2008

28-07

State Gazette act Resignation: Jean-Marie Aldenhoff (director)

Appointment: Christine Levêque (director) · Mandate compensation4 facts ▸

General meeting, 15/05/2008
Director resignation, Jean-Marie Aldenhoff (director)
Director appointment, Christine Levêque (director)
Mandate compensation, Christine Levêque

2007

05-10

State Gazette act Appointment: Minérale (statutory auditor)

Permanent representative: Vincent Etienne · Mandate compensation4 facts ▸

General meeting, 05/06/2007
Auditor appointment, Minérale (statutory auditor)
Permanent representative, Vincent Etienne
Mandate compensation, Minérale

30-03

State Gazette act Resignation: Alain Lamarche (director)

Appointment: Mathieu Berthoud (director) · Mandate compensation4 facts ▸

Board meeting, 28/11/2006
Director resignation, Alain Lamarche (director)
Director appointment, Mathieu Berthoud (director)
Mandate compensation, Mathieu Berthoud

2005

26-09

State Gazette act Resignation: Patrick Tréfois (director)

Appointment: Alain Lamarche (director) · Mandate compensation4 facts ▸

General meeting, 01/06/2005
Director resignation, Patrick Tréfois (director)
Director appointment, Alain Lamarche (director)
Mandate compensation, Alain Lamarche

02-08

State Gazette act Resignation: Alain Barbeau (director)

Appointment: Didier Driancourt (director) · Mandate compensation4 facts ▸

General meeting, 16/05/2005
Director resignation, Alain Barbeau (director)
Director appointment, Didier Driancourt (director)
Mandate compensation, Didier Driancourt

2004

30-06

State Gazette act Statutes amendment · Miscellaneous

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

34 of 34 acts read

Directors · office · real estate

Directors

4 directors, no change since 2026

Board 4

Sylvain Hourquebie

Director · since 17-05-2021

Current

Niels Ledinek

Director · since 15-05-2024

Current

Philippe Tychon

Director · since 30-09-2025

Current

Tom Cornelissen

Director · since 28-04-2026

Current

1 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

David Paté

Director

Not recently confirmed

Day-to-day management 1

Alexandre Halbrecq

Daily management delegate · since 30-11-2016

Not recently confirmed

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Location & real-estate footprint

Registered office, Charleroi · 1 establishment unit since 1984

seat establishment approximate The establishment unit on the map

Ground area

481 m²

Building footprint

38 m²

Volume, LiDAR

337 m³

Parcel 52040C0069/00V000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Rue des Aulniats 202, 6042 Charleroi

NACE 3720002

since 19842.037.896.952

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52040C0069/00V000	Wallonia	481 m²	1 · 38 m²	10.3 m · 3 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.

Mandate history

29 people since 2005, 6 in office

All 29 In office 6 Ended 23

Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Philippe Tychon	Director, from 22-04-2015 to 10-04-2024 Director, from 30-09-2025 to date
Sylvain Hourquebie	Director, from 17-05-2021 to date
Niels Ledinek	Director, from 15-05-2024 to date
Tom Cornelissen	Administrateur coopté, from 28-04-2026 to date
David Paté	Director, until 01-07-2012 Managing director, until 01-07-2012 Director, already before 24-09-2012 not ended, last confirmed 24-09-2012
Alexandre Halbrecq	Daily management delegate, from 30-11-2016 not ended, last confirmed 19-01-2017
Laurent PICRON	Director, from 15-05-2024 to 02-02-2026
Stefan Slabbynck	Director, from 15-05-2023 to 30-09-2025
Danny Jans	Director, from 15-06-2023 to 10-04-2024
Pieterjan Goedertier	Director, from 18-09-2018 to 14-07-2023
Werner Annaert	Director, from 17-05-2021 to 24-02-2023 Board, until 21-04-2023
Alain Jacob	Director, from 17-05-2010 to 03-06-2021
Ilse Kenis	Director, from 01-06-2019 to 03-06-2021
Mark Stulens	Director, from 22-09-2015 to 05-11-2019
Christoph Oris	Commissaire aux comptes, from 07-12-2018 to 07-12-2018
Danny Chabert	Statutory auditor, from 02-07-2010 to 07-12-2018
Stéphane Leroux	Director, from 01-07-2012 to 05-12-2018 Managing director, from 14-03-2016 to 19-01-2017
Vincent Etienne	Commissaire aux comptes, until 23-11-2018
Christian Deltenre	Director, from 17-05-2010 to 23-05-2011 Director, from 16-01-2012 to 22-09-2015 Managing director, from 01-07-2012 to 22-09-2015
Mathieu Berthoud	Director, from 28-11-2006 to 22-04-2015
Martine Marbaix	Statutory auditor, from 19-10-2011 to 15-05-2014
Pierre Hornung	Director, from 23-05-2011 to 16-01-2012
Christine Levêque	Director, from 16-05-2008 to 02-07-2010
Didier Driancourt	Director, from 16-05-2005 to 02-07-2010
Ernst & Young	Statutory auditor, from 05-10-2007 to 02-07-2010
Jean-Marie Aldenhoff	Director, until 16-05-2008
Alain Lamarche	Director, from 01-06-2005 to 28-11-2006
Patrick Tréfois	Director, until 26-09-2005
Alain Barbeau	Director, until 16-05-2005

Show all 29 people Show the first 12See the board, name and seat on a given date →

Articles of association

Purpose

La société a pour objet toutes opérations industrielles ou commerciales, toutes activités d'étude et de promotion relatives à la collecte, au traitement, au conditionnement et au…

Full purpose

La société a pour objet toutes opérations industrielles ou commerciales, toutes activités d'étude et de promotion relatives à la collecte, au traitement, au conditionnement et au recyclage de minerais, métaux, produits chimiques et autres matières premières similaires, la fabrication et la commercialisation de tous produits recyclés et notamment de tous objets et conteneurs en fibre de verre et résineux, l'importation, l'exportation et le transport pour compte propre et pour compte de tiers. Elle pourra faire, en tous pays, tant pour elle-même que pour le compte de tiers et en participation, toutes opérations généralement quelconques pouvant concerner directement ou indirectement l'industrie ou le négoce susdit, et notamment, toutes opérations commerciales, financières, industrielles, mobilières ou immobilières se rattachant directement ou indirectement à l'objet au à tout objet similaire ou connexe.

according to the deed of 16-02-2024

Structure & network

Owners and holdings

2 owners

Owners 2

Sibelco Green Solutions SASFR

Sourceown accounts 2025

50%
Veolia Environmental Services Belux

Sourceown accounts 2025 accounts Veolia Environmental Services Belux 2025

50%

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of MINERALE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

9 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

EP Power Grit

Shared director

→

European Association of Silica Producers

Shared director

→

HIGH 5 RECYCLING GROUP

Shared director

→

INDUSTRIAL MINERALS ASSOCIATION EUROPE

Shared director

→

Show 5 more companies with a shared director

Intercommunale de Gestion de l'Environnement

Shared director

→

MIKO

Shared director

→

N.Z.M.

Shared director

→

RECYHOC

Shared director

→

UVELIA

Shared director

→

Capital and shareholders

Capital over the years

16-02-2024 Capital stated in the act · 1,000,000 EUR · 30,250 shares
20-12-2017 Capital reduction of 2,750,000 EUR · to 1,000,000 EUR · repaid to the shareholders

Similar companies · same sector, comparable size

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Société minière de Gosselies et Thiméon

BE 0417.327.058

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GHENT COAL PREPARATION PLANT

BE 0433.932.270

Gent · Eq €2.2m

Of 29 companies in sector 09900 we hold annual accounts for 15. 9 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded19-04-1984

Fiscal year end31-12

Activities, NACEBEL 2025

09900Mining support service activities

38210Materials recovery from waste

E-invoicing

Reachable via Peppol

Peppol ID 0208:0425696574

Registered 14-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.