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MINERVAL

Active
Public limited companyfounded 198739 yrs activeKalvekeetdijk 137, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0430.735.131
Summary

MINERVAL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287,228 and a net result of €16,732. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 64% of 5063 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MINERVALActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€517,045total assets 2025
Equity
€287,228
Profit
€16,732
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 18 d early0 of 12 deeds read
Why 96+ Size: total assets €517,045+ Founded in 1987+ Figures for FY 2025 (filed 13-07-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 65% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 81+8
equity 55.6% of total assets
Liquidity 55+16
short-term debt 12.1% · cash 5.2%
Profitability 73+1
return on assets 3.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,360 companies)
Last 20 months 03-2025: 0.1%lowest value 04-2025: 0.1%▲ +9.4% vs 03-2025 05-2025: 0.1%▲ +10.3% vs 04-2025 06-2025: 0.1%▲ +18.8% vs 05-2025 07-2025: 0.1%▲ +75.0% vs 06-2025highest value 08-2025: 0.1%▼ -52.6% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +9.5% vs 03-2026 05-2026: 0.1%▲ +7.2% vs 04-2026 06-2026: 0.1%▲ +4.1% vs 05-2026 07-2026: 0.1%▲ +18.2% vs 06-2026 08-2026: 0.1%▼ -36.3% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: total assets €517,045 lowers the probability for this profile
  • Founded in 1987 lowers the probability for this profile
  • Figures for FY 2025 (filed 13-07-2026) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.11 in 2024; short-term debt: 12.1% and cash: 5.2% of total assets), and 44.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 68%, liquidity 66%, profitability 65%, growth against the median 61%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Size: total assets €517,045
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 13-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €287,228
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
21 d early
2023
12 d early
2022
34 d early
2021
9 d early
2020
25 d early
2019
46 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 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €16,732 8 years View
  • Active since 1987founded 16-03-1987 39 years View

By topic

Financials

Fiscal year
2025
Total assets
€517,045
Profit
€16,732
Solvency
55.6%
Total assets▼ 7.3%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 13-07-2026Annual accounts filed
  2. 10-07-2025Annual accounts filed
  3. 19-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
16-03-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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