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MINERVAL

Active
Public limited companyfounded 1987active for 39 yearsKalvekeetdijk 137, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0430.735.131
Summary

MINERVAL has been active since 1987 and the Belgian Official 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 financial years (±0.7% per year). Its solvency ranks better than 64% of 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
MINERVALActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
€517,045total assets 2025
Equity
€287,228
Profit
€16,732
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Board
5 members
2025 accounts 18 days early1 of 12 deeds summarised
Why 96lowers riskSize: total assets €517,045Founded in 1987Figures for financial year 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%
Financially better than 65% of its sector peers (NACE 68, micro)
Every signal that counts is listed 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 0.2% (26,614 companies, NACE 68, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.56, compared with 0.11 in 2024, below 1; short-term debt: 12.1% and cash: 5.2% of total assets), and 44.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 68% on solvency, 66% on liquidity, 65% on profitability and 61% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Size: total assets €517,045
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1987
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 13-07-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
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 days early
2024
21 days early
2023
12 days early
2022
34 days early
2021
9 days early
2020
25 days early
2019
46 days 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 (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Resignations: VERMEERSCH Dimitri, VERMEERSCH Serge and…Reappointments: VERMEERSCH Dimitri, VERMEERSCH Serge…

Key points

  • Positive: Filed on time since financial year 2018accounts 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

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

Board & ownership

Board
5 members
  • EXCELLENCE CONSULTINGDirector
  • VERMEERSCH DimitriManaging director
  • VERMEERSCH SergeDirector
  • VERMEERSCH StefanieDirector
  • VERSELE MartinaDirector
Go to Board & ownership

Timeline

Events
40
Since
1989
Next accounts
by 31-07-2027
  1. 19-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 27-06-2023Annual 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

Articles of association

Provisions read
20
Annual meeting
Second Thursday of June at 10:00
Purpose
“Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle…” (deed in Dutch)
Go to Articles of association

Key facts about MINERVAL

What is the company number of MINERVAL?
0430.735.131. In Belgium the VAT number is the company number with BE in front: BE 0430.735.131.
Where is MINERVAL based?
The registered office is at Kalvekeetdijk 137, 8300 Knokke-Heist.Company details
What does MINERVAL do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of MINERVAL?
Public limited company (NV).
When was MINERVAL founded?
On 16-03-1987.
Is MINERVAL still active?
Yes, MINERVAL is an active enterprise in the KBO register.
What is the turnover of MINERVAL?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MINERVAL profitable?
In financial year 2025, MINERVAL made a profit of €16,732.
Where can I find the annual accounts of MINERVAL?
MINERVAL filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MINERVAL due?
By 31-07-2027, for financial year 2026.Timeline

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