Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MINERVAL from Knokke-Heist, company number BE0430735131, closed financial year 2025 with a result of € 16,732 after tax. For that financial year MINERVAL recorded a gross margin of € 97,486 and equity of € 287,228. Compared with financial year 2024, the result moved from € 14,993 to € 16,732. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 287,228
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,732
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 27,086
▲ € 20,776 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 212,860.
Debts at end 2025
€ 221,370
▲ 25% vs 2024
€ 62,515 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 190
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,198 | € 69,689 | € 90,877 | € 97,486 | ▲ 7% |
| Profit after taxes | € 32,037 | € 4,691 | € 14,993 | € 16,732 | ▲ 12% |
| Equity | € 250,812 | € 255,503 | € 270,496 | € 287,228 | ▲ 6% |
| Total debts | € 297,345 | € 303,641 | € 287,412 | € 229,817 | ▼ 20% |
| Cash | € 17,052 | € 14,270 | € 6,310 | € 27,086 | ▲ € 20,776 |
| Land & buildings | € 518,696 | € 544,823 | € 540,309 | € 482,172 | ▼ 11% |
| Retained profit | € 176,444 | € 181,135 | € 196,128 | € 212,860 | ▲ 9% |
| Bank debt | € 290,856 | € 234,781 | € 176,659 | € 221,370 | ▲ 25% |
| Balance sheet total | € 548,157 | € 559,144 | € 557,908 | € 517,045 | ▼ 7% |
Key figures of MINERVAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MINERVAL?
What happened at MINERVAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Excellence Consulting NV stepped down as director. NBB
- Serge Vermeersch stepped down as director. NBB
- Dimitri Vermeersch stepped down as director. NBB
- Stefanie Vermeersch stepped down as director. NBB
- Martina Versele stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16,732 (▲ 12% vs 2024). Source: NBB ↗
- Excellence Consulting NV became a director. NBB
- Serge Vermeersch became a director. NBB
In short
From € 32,037 profit in 2022 to € 16,732 profit in 2025.
Paid € 31,990 in corporate taxes since 2022.
Best year ever: 2022, with € 32,037 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Vermeersch Edgard Junior
Also active at: ITINERIS, Opinum, Juice, E-SOLUTIONS SERVICES, Itineris Holding, Itineris Group
since 2024 · until 2030
Serge Vermeersch
Director
Also active at: DELVER, ASTRIDCENTER, FLANDERS HOTEL HOLDING, DINER PRIVÉ, SCHORREDIJK, Residentie Zurenborg, SolarPulse III, JGJ INVEST +2 more
since 2024 · until 2030
Dimitri Vermeersch
Managing director
Also active at: MST ESTATE, FLANDERS HOTEL HOLDING, DINER PRIVÉ, FRIMMO, DIMVER, EXCELLENCE CONSULTING, SEA PORT RESIDENTIES, SDE INVEST
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Kalvekeetdijk 137
8300 Knokke-Heist
Chaussée de Rixensart 3 box A
1380 Lasne
Active since 27 September 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.735.131
- VAT number
- BE 0430.735.131
- Registered office
- Kalvekeetdijk 137, 8300 Knokke-Heist
- Names & denominations
- MINERVAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 1987
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed