ACTIVE

Minze

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Financial year 2025 · closed on 31/12/2025
Net result
-2 M €
-90.1% YoY
Gross margin
-196,7 k €
-143.7% YoY
Equity
5,2 M €
+16.5% YoY
Workforce
13,4 ETP
+10.7% YoY

What does Minze do?

Minze is a Public limited company incorporated in 2015. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Antwerpen. It employs on average 13,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0633.612.215
Incorporation
07/07/2015
Legal form
Public limited company
Registered office
Lange Gasthuisstraat 29 box 15
2000 Antwerpen · FlandreSee on map
Contributed capital
9 071 127,79 €
Latest accounts
31/12/2025
Average workforce
13,4 ETP
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Joint committees (2)
  • 200
  • 2000
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-196,7 k €449,9 k €456,5 k €303,1 k €230,1 k €
EBITDA-1,6 M €-715,2 k €-288,4 k €-123,7 k €-97,6 k €
Operating result-2 M €-1,1 M €-554,9 k €-328,2 k €-246,8 k €
Net result-2 M €-1 M €-540,9 k €-407,1 k €-258,4 k €
Balance sheet
Equity5,2 M €4,4 M €3,1 M €3,6 M €151,3 k €
Total assets6 M €5,3 M €3,9 M €4,6 M €2,2 M €
Cash340,7 k €1,6 M €50,5 k €12,8 k €198,3 k €
Debts735,3 k €858,6 k €851,8 k €1 M €2 M €
Other
Workforce13,4 ETP12,1 ETP8,1 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 24 ended

Active mandates

Hovard Ventures LLC

Director · since 17 septembre 2025 · until 09 juin 2031 · 1027.970.663

Represented by Steffen Hovard

Active
Participatiemaatschappij Vlaanderen

Director · since 20 septembre 2024 · until 10 juin 2030 · 0455.777.660

Represented by Nathalie VAN BRUAENE

Active
Geert De Clercq

Director · since 13 novembre 2023 · until 12 juin 2028

Active
BAM CONSULT

Director · since 23 novembre 2022 · until 12 juin 2028 · 0681.719.958

Represented by PHILIPPE Stas

Active
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 12 juin 2028 · 0449.330.922

Represented by Katrin GEYSKENS

Active
Gilles Tas

Director · since 23 novembre 2022 · until 12 juin 2028

Active

Ended mandates

Geert Declercq

Director · since 13 novembre 2023 · until 12 juin 2028

Ended
BAM CONSULT

Director · since 23 novembre 2022 · until 23 novembre 2028 · 0681.719.958

Represented by Philippe STAS

Ended
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 12 juin 2028 · 0449.330.922

Represented by Katrin Geyskens

Ended
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 23 novembre 2028 · 0449.330.922

Represented by Katrin GEYSKENS

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202630/07/202526/07/202419/07/202311/07/202201/07/2021
General meeting15/07/202611/07/202528/06/202412/06/202313/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/07/202616/07/2026DutchPDF
Abridged model31/12/202411/07/202530/07/2025DutchPDF
Abridged model31/12/202328/06/202426/07/2024DutchPDF
Micro model31/12/202212/06/202319/07/2023DutchPDF
Micro model31/12/202113/06/202211/07/2022DutchPDF
Micro model31/12/202014/06/202101/07/2021DutchPDF
Micro model31/12/201929/06/202028/07/2020DutchPDF
Micro model31/12/201830/06/201930/07/2019DutchPDF
Abridged model31/12/201730/06/201830/07/2018DutchPDF
Abridged model31/12/201612/06/201710/07/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 6 active · 24 ended

Active mandates

Hovard Ventures LLC

Director · since 17 septembre 2025 · until 09 juin 2031 · 1027.970.663

Represented by Steffen Hovard

Active
Participatiemaatschappij Vlaanderen

Director · since 20 septembre 2024 · until 10 juin 2030 · 0455.777.660

Represented by Nathalie VAN BRUAENE

Active
Geert De Clercq

Director · since 13 novembre 2023 · until 12 juin 2028

Active
BAM CONSULT

Director · since 23 novembre 2022 · until 12 juin 2028 · 0681.719.958

Represented by PHILIPPE Stas

Active
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 12 juin 2028 · 0449.330.922

Represented by Katrin GEYSKENS

Active
Gilles Tas

Director · since 23 novembre 2022 · until 12 juin 2028

Active

Ended mandates

Geert Declercq

Director · since 13 novembre 2023 · until 12 juin 2028

Ended
BAM CONSULT

Director · since 23 novembre 2022 · until 23 novembre 2028 · 0681.719.958

Represented by Philippe STAS

Ended
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 12 juin 2028 · 0449.330.922

Represented by Katrin Geyskens

Ended
CAPRICORN PARTNERS

Director · since 23 novembre 2022 · until 23 novembre 2028 · 0449.330.922

Represented by Katrin GEYSKENS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/09/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/09/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/04/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates29/11/2022
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares26/03/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates24/03/2021
    KAPITAAL - AANDELEN - 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

Timeline

  1. 2025
    Annual accounts 2025-2 M €↓
  2. 2024
    Annual accounts 2024-1 M €↓
  3. 2023
    Annual accounts 2023-540,9 k €↓
  4. 2022
    Annual accounts 2022-407,1 k €↓
  5. 2021
    Annual accounts 2021-258,4 k €
  6. 07/07/2015
    IncorporationPublic limited company