MINERVA
Annual accounts 2025
micro format, filed on 27-04-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €92,040 on 30-09-2025in euro
in euro
Position in the sector
77.3%
Higher than 77% of 3,343 companies in 2025.
23.6%
Higher than 76% of 3,284 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
92,040 | 80,970 | 76,933 | 83,797 | 81,239 | |
21/28 |
21,560 | 26,510 | 15,197 | 18,026 | 22,363 | |
22/27 |
21,560 | 26,510 | 15,197 | 18,026 | 22,363 | |
23 |
1,387 | 446 | 957 | 1,472 | 1,665 | |
24 |
6,420 | 11,438 | 13,945 | 16,259 | 20,403 | |
26 |
13,753 | 14,626 | 295 | 295 | 295 | |
29/58 |
70,480 | 54,461 | 61,736 | 65,771 | 58,876 | |
40/41 |
42,326 | 54,362 | 47,913 | 13,737 | 33,423 | |
40 |
- | 7,605 | - | 13,721 | 19,058 | |
41 |
42,326 | 46,757 | 47,913 | 16 | 14,365 | |
54/58 |
27,248 | 99 | 13,823 | 44,907 | 25,298 | |
490/1 |
905 | - | - | 7,127 | 155 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
92,040 | 80,970 | 76,933 | 83,797 | 81,239 | |
10/15 |
71,148 | 49,399 | 55,446 | 59,232 | 49,061 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
56,232 | 56,232 | 56,232 | 56,232 | 46,061 | |
133 |
56,232 | 56,232 | 56,232 | 56,232 | 46,061 | |
14 |
11,916 | -9,833 | -3,786 | - | - | |
17/49 |
20,892 | 31,571 | 21,487 | 24,565 | 32,178 | |
42/48 |
20,892 | 31,571 | 21,487 | 24,565 | 32,178 | |
44 |
6,466 | 31,324 | 11,104 | 19,114 | 25,301 | |
440/4 |
6,466 | 31,324 | 11,104 | 19,114 | 25,301 | |
45 |
14,426 | 248 | 10,383 | 5,310 | 6,877 | |
450/3 |
14,426 | 248 | 10,383 | 5,310 | 5,277 | |
454/9 |
- | - | - | - | 1,600 | |
47/48 |
- | - | - | 142 | - | |
| Income statement | ||||||
9900 |
39,863 | 415 | 5,112 | 19,483 | 65,234 | |
630 |
7,118 | 6,240 | 4,804 | 4,591 | 419 | |
640/8 |
1,012 | 1,743 | 286 | 59 | 206 | |
66A |
60 | - | - | - | - | |
9901 |
31,673 | -7,569 | 22 | 14,833 | 64,609 | |
75/76B |
10 | 2,439 | - | 520 | 807 | |
75 |
10 | 2,439 | - | 520 | 807 | |
65/66B |
916 | 696 | 111 | 188 | 196 | |
65 |
916 | 696 | 111 | 188 | 196 | |
9903 |
30,767 | -5,826 | -89 | 15,165 | 65,219 | |
67/77 |
9,019 | 221 | 3,697 | 4,994 | 19,159 | |
9904 |
21,749 | -6,047 | -3,786 | 10,171 | 46,061 | |
9905 |
21,749 | -6,047 | -3,786 | 10,171 | 46,061 | |
| Appropriation of the result | ||||||
9906 |
11,916 | -9,833 | -3,786 | 10,171 | 46,061 | |
14P |
-9,833 | -3,786 | - | - | - | |
691/2 |
- | - | - | 10,171 | 46,061 | |
6921 |
- | - | - | 10,171 | 46,061 | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00091627 | |
| 30-09-2024 | micro format | 22-04-2025 | 2025-00073567 | |
| 30-09-2023 | micro format | 08-04-2024 | 2024-00060205 | |
| 30-09-2022 | micro format | 11-04-2023 | 2023-00058816 | |
| 30-09-2021 | micro format | 15-04-2022 | 2022-20004346 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 2,169 | 17,552 | 1,975 | 254 | 22,782 | ||
| 27,149 | -13,724 | -31,084 | 19,608 | - | ||
| 77.3% | 61.0% | 72.1% | 70.7% | 60.4% | ||
| 30.6% | -12.2% | -6.8% | 17.2% | 93.9% | ||
| 23.6% | -7.5% | -4.9% | 12.1% | 56.7% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,169 | €17,552 | €1,975 | €254 | €22,782 |
| €7,118 | €6,240 | €4,804 | €4,591 | €419 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MINERVA
The operating result for 2025 is a profit of €31,673, after a loss of €7,569 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total falls from 39.0% to 22.7%. Equity is higher and debt is lower.