Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MINERVA REAL ESTATE from Antwerpen, company number BE0877448835, closed financial year 2025 with a result of € 648,181 after tax. For that financial year MINERVA REAL ESTATE recorded a gross margin of € 1.5 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -543,044 to € 648,181. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 1.4 million
▲ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 648,181
▲ still € 543,044 loss in 2024
Profit after tax over the fiscal year.
€ 91,560
▲ 239% 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 € -368,479.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,286
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 526,743 | € 417,148 | € 458,552 | € 1,522,569 | ▲ 232% |
| Profit after taxes | € 75,554 | € -211,148 | € -543,044 | € 648,181 | ▲ € 1.2 million |
| Equity | € 1,537,532 | € 1,326,384 | € 783,340 | € 1,431,521 | ▲ 83% |
| Total debts | € 2,880,246 | € 16,539,301 | € 21,586,560 | € 22,523,970 | ▲ 4% |
| Cash | € 33,905 | € 1,745 | € 27,004 | € 91,560 | ▲ 239% |
| Land & buildings | € 4,383,873 | € 4,271,051 | € 4,259,950 | € 4,151,120 | ▼ 3% |
| Retained profit | € -262,468 | € -473,616 | € -1,016,660 | € -368,479 | ▲ € 648,181 |
| Balance sheet total | € 4,417,778 | € 17,865,685 | € 22,369,900 | € 23,955,491 | ▲ 7% |
Key figures of MINERVA REAL ESTATE, 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 REAL ESTATE?
What happened at MINERVA REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jozef Delcroix stepped down as director. NBB
- Delcrinvest NV stepped down as director. NBB
- Katleen Delcroix stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 648,181. Source: NBB ↗
- Jozef Delcroix became a director. NBB
- Delcrinvest NV became a director. NBB
- Katleen Delcroix became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 75,554 profit in 2022 to € 648,181 profit in 2025.
Best year ever: 2025, with € 648,181 profit.
Management
Directors
According to the 2025 annual accounts
Jozef Delcroix
Director
Also active at: DELDO AUTOBANDEN, ANTWERPSE BANDENCENTRALE, Belgimo, GROTE HEIDE, IMMO BOIS-DE-BREUX, KAPELSE IMMOBILIEN MAATSCHAPPIJ, IMMOFIL, JAROL +9 more
since 2023 · until 2029
Managing director · represented by Jozef Delcroix
Also active at: ANTWERPSE BANDENCENTRALE, Belgimo, GROTE HEIDE, IMMOFIL, IMMO BEL AIR, VACHO, ANOBEL, UNIVERSAL HANDLING CORPORATION +7 more
since 2023 · until 2029
Katleen Delcroix
Managing director
Also active at: Résidence Urbaine, ANTWERPSE BANDENCENTRALE, Belgimo, GROTE HEIDE, IMMO BOIS-DE-BREUX, IMMOFIL, JAROL, IMMO BEL AIR +12 more
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Noorderlaan 660
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Résidence Urbaine same network
€ 41,080 gross margin · 2025
VACHO same network
€ 1.3 million gross margin · 2025
TYRETRANS same network
€ 3.2 million gross margin · 2025
MINERVA TRADING same network
€ 4.7 million gross margin · 2025
ANTWERP PORT STORAGE same network
€ 3.3 million gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0877.448.835
- VAT number
- BE 0877.448.835
- Registered office
- Noorderlaan 660, 2030 Antwerpen
- Names & denominations
- MINERVA REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2005
- Peppol
- Active · Active since 20 Nov 2020