Financials
Financial year 2025
MINERVA BOAT COMPANY from Gent, company number BE0464833995, closed financial year 2025 with a result of € 22,689 after tax. For that financial year MINERVA BOAT COMPANY recorded a gross margin of € 223,644 and equity of € 109,946. Compared with financial year 2024, the result moved from € -99,016 to € 22,689. 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 June 23, 2026.
€ 109,946
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,689
▲ still € 99,016 loss in 2024
Profit after tax over the fiscal year.
€ 106,485
▲ 165% 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 € 109,946.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 105,531
▼ 16% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 84,491
▼ 22% vs 2024
Of which on lease € 63,058.
Debts at end 2025
€ 124,514
▼ 26% vs 2024
€ 45,773 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 12,221
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,225
▼ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 303,516 | € 175,310 | € 114,438 | € 223,644 | ▲ 95% |
| Profit after taxes | € 114,811 | € -10,641 | € -99,016 | € 22,689 | ▲ € 121,705 |
| Equity | € 215,506 | € 186,274 | € 87,257 | € 109,946 | ▲ 26% |
| Total debts | € 118,940 | € 155,856 | € 194,057 | € 187,392 | ▼ 3% |
| Cash | € 20,540 | € 94,110 | € 40,235 | € 106,485 | ▲ 165% |
| Land & buildings | € 12,292 | € 9,873 | € 7,455 | € 5,036 | ▼ 32% |
| Retained profit | € 196,914 | € 186,274 | € 87,257 | € 109,946 | ▲ 26% |
| Bank debt | € 24,950 | € 32,255 | € 168,662 | € 124,514 | ▼ 26% |
| Balance sheet total | € 334,446 | € 342,130 | € 281,314 | € 297,338 | ▲ 6% |
Key figures of MINERVA BOAT COMPANY, 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 MINERVA BOAT COMPANY?
What happened at MINERVA BOAT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,689. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,811 profit in 2022 to € 22,689 profit in 2025.
Paid € 49,774 in corporate taxes since 2022.
Best year ever: 2022, with € 114,811 profit.
Management
Behind MINERVA BOAT COMPANY is Andy De Kegel.
Directors
According to the 2025 annual accounts
Andy De Kegel
Director
Establishments
Establishment units
Physical locations of this company
Coupure 2A
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.833.995
- VAT number
- BE 0464.833.995
- Registered office
- Coupure 2A, 9000 Gent
- Names & denominations
- MINERVA BOAT COMPANY · M.B.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1998
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
Verhuur en lease van sport- en recreatieartikelen
Verhuur van sport- en kampeerartikelen
Andere drinkgelegenheden
Goederenvervoer over zee- en kustwateren
Cafés en bars