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 34 % of short-term debt in 2022; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
MINERVA CYCLING from Ieper, company number BE0459761588, closed financial year 2022 with a result of € -1.4 million after tax. For that financial year MINERVA CYCLING recorded revenue of € 21.4 million and equity of € 2.6 million. Compared with financial year 2021, the result moved from € 523,143 to € -1.4 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2023.
€ 2.6 million
▼ 35% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ still € 523,143 profit in 2021
Profit after tax over the fiscal year.
€ 242,755
▼ 70% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2022
19.9
▲ 0.4 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 20% vs 2021
€ 50,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 156,200
▲ 11% vs 2021
Of which on lease € 127,955.
Debts at end 2022
€ 3.3 million
▲ 223% vs 2021
€ 168,285 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2.7 million
▲ 186% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 270,103
▲ 124% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 30,351,341 | € 21,382,606 | ▼ 30% |
| Profit after taxes | € 523,143 | € -1,390,079 | ▼ € 1.9 million |
| Equity | € 4,001,510 | € 2,611,431 | ▼ 35% |
| Total debts | € 2,193,123 | € 6,325,801 | ▲ 188% |
| Cash | € 816,399 | € 242,755 | ▼ 70% |
| Land & buildings | € 1,278,628 | € 1,172,669 | ▼ 8% |
| Retained profit | € 3,920,910 | € 2,530,831 | ▼ 35% |
| Bank debt | € 1,010,063 | € 3,258,965 | ▲ 223% |
| Balance sheet total | € 6,346,388 | € 9,094,652 | ▲ 43% |
| Employees (FTE) | 19.5 | 19.9 | ▲ 0.4 |
Key figures of MINERVA CYCLING, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to MINERVA CYCLING?
What happened at MINERVA CYCLING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MINERVA CYCLING is active according to the CBE. Legal situation: Opening faillissement.
- Sanarti NV stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 1.4 million (▼ € 1.9 million vs 2021). Source: NBB ↗
- Dorothy Leleu stepped down as director. NBB
- New establishment in Ichtegem. KBO
- Sanarti NV became a director. NBB
- Filip Carpentier stepped down as director. NBB
- Germaine Debergh stepped down as director. NBB
- Dorothy Leleu became a director. NBB
In short
From € 523,143 profit in 2021 to € 1.4 million loss in 2022.
Paid € 187,042 in corporate taxes since 2021.
Best year ever: 2021, with € 523,143 profit.
Pays suppliers within 48 days on average.
A new publication or filing at MINERVA CYCLING? We notify you, reason included.
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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 2022 annual accounts
since 2021 · until 2022
Managing director · represented by Dorothy Leleu
since 2022 · until 2027
Filip Carpentier
Managing director
since 2020 · until 2022
Germaine Debergh
Director
since 2020 · until 2022
Establishments
Establishment units
Physical locations of this company
Bargiestraat 32
8900 Ieper
Veurnseweg 580
8906 Ieper
Active since 29 January 1997
Aartrijksestraat 51
8211 Zedelgem
Active since 25 February 2003
Bargiestraat 32
8904 Ieper
Active since 29 September 2008
Koninklijke Baan 29
8660 De Panne
Active since 1 March 2014
Veurnseweg 528
8906 Ieper
Active since 1 January 2014
Stationsstraat(FEER) 83/85
8480 Ichtegem
Active since 25 March 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.761.588
- VAT number
- BE 0459.761.588
- Registered office
- Bargiestraat 32, 8900 Ieper
- Names & denominations
- MINERVA CYCLING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 10 January 1997
- Peppol
- Not registered
- Activities · NACE
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Groothandel in sport- en kampeerartikelen, rijwielen en onderdelen en toebehoren daarvan, spellen en speelgoed
Reparatie en onderhoud van consumentenartikelen, neg
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in fietsen
Gespecialiseerde detailhandel in rijwielen
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)
Overige reparaties, n.e.g.
+1