ACTIVE

MINNE

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Financial year 2025 · closed on 30/09/2025

Net result

126,6 k €

+6.1% YoY

Gross margin

693,6 k €

+7.2% YoY

Equity

806,3 k €

+2.1% YoY

Workforce

5,3 ETP

-14.5% YoY

What does MINNE do?

MINNE is a Public limited company incorporated in 1989. Its registered office is in Ieper. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.569.869

Incorporation

29/05/1989

Legal form

Public limited company

Registered office

Zwaanhofweg 13
8900 Ieper · FlandreSee on map

Contributed capital

532 507,29 €

Latest accounts

30/09/2025

Average workforce

5,3 ETP

Joint committees (2)

14904
201

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	693,6 k €	+7.2%	647 k €	-30.3%	927,9 k €	+107%	449,3 k €	-35.6%	697,2 k €	-6.8%	748,2 k €	+11.4%	671,7 k €	+9.0%	616,4 k €	+24.4%	495,5 k €	+29.5%	382,6 k €	-2.7%	393,2 k €	+45.1%	270,9 k €	+99.7%	135,7 k €	+17.5%	115,5 k €	+40.4%	82,3 k €	-28.0%	114,2 k €	+63.8%	69,8 k €	-22.0%	89,5 k €
EBITDA	313,3 k €	+27.9%	244,9 k €	-56.7%	565,3 k €	+242%	165 k €	-59.1%	403,7 k €	-23.5%	527,7 k €	+7.1%	492,8 k €	-7.3%	531,7 k €	+27.0%	418,7 k €	+27.0%	329,7 k €	-9.8%	365,4 k €	+49.8%	243,8 k €	+90.6%	127,9 k €	+17.9%	108,5 k €	+49.9%	72,4 k €	-32.2%	106,7 k €	+70.0%	62,8 k €	-22.6%	81,1 k €
Operating result	178,1 k €	-16.2%	212,6 k €	-41.4%	362,6 k €	+222%	112,5 k €	-39.6%	186,3 k €	-58.9%	453 k €	+33.1%	340,3 k €	-20.4%	427,3 k €	+59.8%	267,5 k €	+40.6%	190,3 k €	-16.1%	226,8 k €	+105%	110,7 k €	+1567%	6,6 k €	-89.2%	61,7 k €	+81.1%	34 k €	-53.4%	73,1 k €	+204%	24,1 k €	-34.9%	36,9 k €
Net result	126,6 k €	+6.1%	119,3 k €	-68.0%	372,9 k €	+264%	102,5 k €	-38.6%	166,8 k €	-60.9%	426,3 k €	+36.5%	312,3 k €	-19.0%	385,6 k €	+77.9%	216,7 k €	+61.9%	133,9 k €	-15.9%	159,3 k €	+192%	54,6 k €	+277%	-30,9 k €	-299%	15,5 k €	+3093%	486,5 €	-98.9%	44 k €	+1330%	3,1 k €	-89.4%	29 k €
Balance sheet
Equity	806,3 k €	+2.1%	789,7 k €	+4.5%	755,4 k €	+3.1%	732,5 k €	+5.4%	695 k €	+2.5%	678,2 k €	+6.5%	636,9 k €	-27.4%	877,9 k €	-1.6%	892,2 k €	+1.9%	875,5 k €	+1.6%	861,7 k €	+4.8%	822,4 k €	+0.6%	817,8 k €	+36.6%	598,7 k €	+2.7%	583,2 k €	+0.3%	581,7 k €	+7.2%	542,7 k €	+0.6%	539,6 k €
Total assets	2,5 M €	-4.5%	2,7 M €	-2.4%	2,7 M €	+9.3%	2,5 M €	+0.2%	2,5 M €	+15.7%	2,2 M €	+1.7%	2,1 M €	-15.4%	2,5 M €	+12.9%	2,2 M €	+2.3%	2,2 M €	-2.5%	2,2 M €	+1.7%	2,2 M €	+25.7%	1,7 M €	+41.3%	1,2 M €	+3.0%	1,2 M €	+3.4%	1,2 M €	+7.4%	1,1 M €	+3.2%	1 M €
Cash	445,3 k €	+7.1%	415,8 k €	+1661%	23,6 k €	-88.0%	196,4 k €	+26.1%	155,7 k €	-55.4%	349,3 k €	-13.2%	402,7 k €	-41.9%	693,4 k €	+48.9%	465,8 k €	+50.3%	309,8 k €	-22.6%	400,2 k €	+21.2%	330,3 k €	+59.1%	207,5 k €	+7.2%	193,6 k €	-5.1%	204 k €	-40.7%	344 k €	+944%	33 k €	-87.9%	271,9 k €
Debts	1,7 M €	-7.1%	1,8 M €	-4.9%	1,9 M €	+11.9%	1,7 M €	-1.9%	1,8 M €	+22.8%	1,4 M €	-0.5%	1,4 M €	-9.3%	1,6 M €	+23.0%	1,3 M €	+2.5%	1,3 M €	-5.3%	1,3 M €	-0.4%	1,3 M €	+47.4%	909 k €	+47.1%	618,1 k €	+3.3%	598,1 k €	+7.2%	557,8 k €	+8.0%	516,5 k €	+6.2%	486,2 k €
Other
Workforce	5,3 ETP	-14.5%	6,2 ETP	+12.7%	5,5 ETP	+14.6%	4,8 ETP	-11.1%	5,4 ETP	-6.9%	5,8 ETP	+45.0%	4,0 ETP	+66.7%	2,4 ETP	+26.3%	1,9 ETP	+58.3%	1,2 ETP	+300%	0,3 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 21 ended

Active mandates

Eric Minne

Managing director · since 15 mars 2018 · until 02 mars 2024

Active

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Active

Ria Capelle

Director · since 15 mars 2018 · until 02 mars 2024

Active

Ended mandates

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

Eric Minne

Managing director · since 03 mars 2018 · until 02 mars 2024

Ended

HAPILY

Managing director · since 03 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/04/2026	30/04/2025	30/04/2024	02/05/2023	02/05/2022	30/04/2021
General meeting	28/03/2026	05/04/2025	12/04/2024	03/04/2023	29/03/2022	03/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	28/03/2026	17/04/2026	Dutch	PDF
Abridged model	30/09/2024	05/04/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	12/04/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	03/04/2023	02/05/2023	Dutch	PDF
Abridged model	30/09/2021	29/03/2022	02/05/2022	Dutch	PDF
Abridged model	30/09/2020	03/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	05/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	07/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	15/03/2018	13/04/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	03/03/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/06/2012	30/07/2012	Dutch	PDF
Abridged model	30/09/2010	15/04/2011	30/05/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	22/06/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	15/05/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	20/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 21 ended

Active mandates

Eric Minne

Managing director · since 15 mars 2018 · until 02 mars 2024

Active

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Active

Ria Capelle

Director · since 15 mars 2018 · until 02 mars 2024

Active

Ended mandates

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

HAPILY

Managing director · since 15 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

Eric Minne

Managing director · since 03 mars 2018 · until 02 mars 2024

Ended

HAPILY

Managing director · since 03 mars 2018 · until 02 mars 2024 · 0552.771.227

Represented by Koen Minne

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other17/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring22/06/2018
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates30/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/04/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/03/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/09/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2012
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025126,6 k €↑
2024
Annual accounts 2024119,3 k €↓
2023
Annual accounts 2023372,9 k €↑
2022
Annual accounts 2022102,5 k €↓
2021
Annual accounts 2021166,8 k €↓
2020
Annual accounts 2020426,3 k €↑
2019
Annual accounts 2019312,3 k €↓
2017
Annual accounts 2017385,6 k €↑
2016
Annual accounts 2016216,7 k €↑
2015
Annual accounts 2015133,9 k €↓
2014
Annual accounts 2014159,3 k €↑
2013
Annual accounts 201354,6 k €↑
2012
Annual accounts 2012-30,9 k €↓
2011
Annual accounts 201115,5 k €↑
2010
Annual accounts 2010486,5 €↓
2009
Annual accounts 200944 k €↑
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 200729 k €
29/05/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MINNE

Overview

What does MINNE do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline