Summary
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 €71,148 and a net result of €21,749. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 2460 sector peers (fiscal year 2025). The company has been active since 2020 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
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
22 d early
2022
19 d early
2021
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,148▲ 44.0%
2024 · €49,399
Net result
€21,749
2024 · -€6,047
Total assets
€92,040▲ 13.7%
2024 · €80,970
Solvency
77.3%▲ 16.3pp
2024 · 61.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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€64,609-€14,833▼ 77.0%€22▼ 99.8%-€7,569€31,673
Net result€46,061within the sector's middle half-€10,171within the sector's middle half▼ 77.9%-€3,786below the sector's middle half-€6,047below the sector's middle half▼ 59.7%€21,749within the sector's middle half
Equity€49,061within the sector's middle half-€59,232within the sector's middle half▲ 20.7%€55,446within the sector's middle half▼ 6.4%€49,399within the sector's middle half▼ 10.9%€71,148within the sector's middle half▲ 44.0%
Total assets€81,239below the sector's middle half-€83,797below the sector's middle half▲ 3.1%€76,933below the sector's middle half▼ 8.2%€80,970below the sector's middle half▲ 5.2%€92,040below the sector's middle half▲ 13.7%
Debt€32,178-€24,565▼ 23.7%€21,487▼ 12.5%€31,571▲ 46.9%€20,892▼ 33.8%
Working capital€26,697-€41,206▲ 54.3%€40,249▼ 2.3%€22,889▼ 43.1%€49,588▲ 117%
Solvency60.4%within the sector's middle half-70.7%within the sector's middle half▲ 10.3pp72.1%within the sector's middle half▲ 1.4pp61.0%within the sector's middle half▼ 11.1pp77.3%above the sector's middle half▲ 16.3pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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 returns to profit in 2025: €31,673 after a loss of €7,569 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,040
Fixed assets
€21,560 ▼ 18.7%
Current assets
€70,480 ▲ 29.4%
Equity and liabilities €92,040
Equity
€71,148 ▲ 44.0%
Debt
€20,892 ▼ 33.8%
Debt's share of the balance-sheet total falls from 39.0% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
30.6%▲
2024 · -12.2%
ROA
23.6%▲
2024 · -7.5%
Debt ≤ 1 year
€20,892▼
2024 · €31,571
Income taxes
€9,019▲
2024 · €221
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 | €419 | €4,591 | €4,804 | €6,240 | €7,118 | ▲ 14.1% |
| Other operating charges640/8 | €206 | €59 | €286 | €1,743 | €1,012 | ▼ 42.0% |
| Non-recurring operating charges66A | - | - | - | - | €60 | - |
| Gross operating margin9900 | €65,234 | €19,483 | €5,112 | €415 | €39,863 | ▲ 9,514% |
| Operating profit (loss)9901 | €64,609 | €14,833 | €22 | -€7,569 | €31,673 | ▲ 518% |
| Financial income75/76B | €807 | €520 | - | €2,439 | €10 | ▼ 99.6% |
| Recurring financial income75 | €807 | €520 | - | €2,439 | €10 | ▼ 99.6% |
| Financial charges65/66B | €196 | €188 | €111 | €696 | €916 | ▲ 31.7% |
| Recurring financial charges65 | €196 | €188 | €111 | €696 | €916 | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | €65,219 | €15,165 | -€89 | -€5,826 | €30,767 | ▲ 628% |
| Income taxes67/77 | €19,159 | €4,994 | €3,697 | €221 | €9,019 | ▲ 3,977% |
| Profit (loss) for the period9904 | €46,061 | €10,171 | -€3,786 | -€6,047 | €21,749 | ▲ 460% |
| Profit (loss) for the period to be appropriated9905 | €46,061 | €10,171 | -€3,786 | -€6,047 | €21,749 | ▲ 460% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,239 | €83,797 | €76,933 | €80,970 | €92,040 | ▲ 13.7% |
| Fixed assets21/28 | €22,363 | €18,026 | €15,197 | €26,510 | €21,560 | ▼ 18.7% |
| Tangible fixed assets22/27 | €22,363 | €18,026 | €15,197 | €26,510 | €21,560 | ▼ 18.7% |
| Plant, machinery and equipment23 | €1,665 | €1,472 | €957 | €446 | €1,387 | ▲ 211% |
| Furniture and vehicles24 | €20,403 | €16,259 | €13,945 | €11,438 | €6,420 | ▼ 43.9% |
| Other tangible fixed assets26 | €295 | €295 | €295 | €14,626 | €13,753 | ▼ 6.0% |
| Current assets29/58 | €58,876 | €65,771 | €61,736 | €54,461 | €70,480 | ▲ 29.4% |
| Amounts receivable within one year40/41 | €33,423 | €13,737 | €47,913 | €54,362 | €42,326 | ▼ 22.1% |
| Trade receivables40 | €19,058 | €13,721 | - | €7,605 | - | - |
| Other amounts receivable41 | €14,365 | €16 | €47,913 | €46,757 | €42,326 | ▼ 9.5% |
| Cash at bank and in hand54/58 | €25,298 | €44,907 | €13,823 | €99 | €27,248 | ▲ 27,501% |
| Deferred charges and accrued income490/1 | €155 | €7,127 | - | - | €905 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,239 | €83,797 | €76,933 | €80,970 | €92,040 | ▲ 13.7% |
| Equity10/15 | €49,061 | €59,232 | €55,446 | €49,399 | €71,148 | ▲ 44.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €46,061 | €56,232 | €56,232 | €56,232 | €56,232 | = |
| Distributable reserves133 | €46,061 | €56,232 | €56,232 | €56,232 | €56,232 | = |
| Profit (loss) carried forward14 | - | - | -€3,786 | -€9,833 | €11,916 | ▲ 221% |
| Amounts payable17/49 | €32,178 | €24,565 | €21,487 | €31,571 | €20,892 | ▼ 33.8% |
| Amounts payable within one year42/48 | €32,178 | €24,565 | €21,487 | €31,571 | €20,892 | ▼ 33.8% |
| Trade debts44 | €25,301 | €19,114 | €11,104 | €31,324 | €6,466 | ▼ 79.4% |
| Suppliers440/4 | €25,301 | €19,114 | €11,104 | €31,324 | €6,466 | ▼ 79.4% |
| Taxes, remuneration and social security45 | €6,877 | €5,310 | €10,383 | €248 | €14,426 | ▲ 5,724% |
| Taxes450/3 | €5,277 | €5,310 | €10,383 | €248 | €14,426 | ▲ 5,724% |
| Remuneration and social security454/9 | €1,600 | - | - | - | - | - |
| Other amounts payable47/48 | - | €142 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,061 | €10,171 | -€3,786 | -€6,047 | €21,749 | ▲ 460% |
| + Depreciation and write-downs630 | €419 | €4,591 | €4,804 | €6,240 | €7,118 | ▲ 14.1% |
| Operating cash flow (approximation) | €46,480 | €14,762 | €1,018 | €193 | €28,867 | ▲ 14,856% |
| Investment in fixed assets (approximation) | - | -€254 | -€1,975 | -€17,552 | -€2,169 | ▲ 87.6% |
| Change in cash | - | €19,608 | -€31,084 | -€13,724 | €27,149 | ▲ 298% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €21,749
Net result €21,749 after 2 loss-making years.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€6,047
Net result drops to -€6,047, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2020
Ground area
166 m²
Building footprint
100 m²
Volume, LiDAR
1,165 m³
Parcel 44808H0001/00L008, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MINERVA
since 20202.306.068.595
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0001/00L008 | Flanders | 166 m² | 1 · 100 m² | 16.8 m · 4 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 1,507 companies in sector 66199 we hold annual accounts for 923. 595 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
Founded07-08-2020
Fiscal year end30-09
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751894213
Also
9925:BE0751894213
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.