ACTIVE

MINAFIN

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Financial year 2025 · closed on 31/12/2025

Net result

-27,1 M €

-493.8% YoY

Revenue

9,1 M €

-2.7% YoY

Equity

25 M €

-52.0% YoY

Workforce

5,8 ETP

+20.8% YoY

What does MINAFIN do?

MINAFIN is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Mont-Saint-Guibert. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0660.622.953

Incorporation

25/04/2005

Legal form

Private limited company

Registered office

Rue Fonds Jean Pâques 8
1435 Mont-Saint-Guibert · WallonieSee on map

Contributed capital

23 681 449,58 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (2)

Signals

High revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016
Income statement
Revenue	9,1 M €	-2.7%	9,3 M €	-9.2%	10,3 M €	+17.2%	8,8 M €	+46.5%	6 M €	+43.0%	4,2 M €	+27.4%	3,3 M €	+17.7%	2,8 M €	+74.6%	1,6 M €
EBITDA	-4,1 M €	-990%	-374,3 k €	+22.6%	-483,6 k €	+21.7%	-617,8 k €	+59.8%	-1,5 M €	-3.7%	-1,5 M €	+4.9%	-1,6 M €	+18.1%	-1,9 M €	-70.0%	-1,1 M €
Operating result	-12,7 M €	-628%	-1,7 M €	-2.2%	-1,7 M €	-10.5%	-1,5 M €	+27.4%	-2,1 M €	-27.5%	-1,7 M €	-6.0%	-1,6 M €	+17.5%	-1,9 M €	-70.0%	-1,1 M €
Net result	-27,1 M €	-494%	6,9 M €	-7.7%	7,5 M €	+166%	2,8 M €	-28.7%	3,9 M €	-46.6%	7,4 M €	+237%	2,2 M €	-58.2%	5,2 M €	-1.3%	5,3 M €
Balance sheet
Equity	25 M €	-52.0%	52,1 M €	+15.2%	45,3 M €	+19.6%	37,8 M €	+0.7%	37,6 M €	+40.8%	26,7 M €	+17.7%	22,7 M €	+9.4%	20,7 M €	+15.6%	17,9 M €
Total assets	167,2 M €	+55.3%	107,7 M €	+8.1%	99,6 M €	+18.1%	84,3 M €	+13.0%	74,7 M €	+48.4%	50,3 M €	+11.4%	45,1 M €	-0.4%	45,3 M €	+16.5%	38,9 M €
Cash	21,6 M €	+306%	5,3 M €	-20.9%	6,7 M €	-10.9%	7,5 M €	-19.7%	9,4 M €	+98.8%	4,7 M €	-10.6%	5,3 M €	-51.3%	10,8 M €	+50.1%	7,2 M €
Debts	135,9 M €	+158%	52,6 M €	-2.0%	53,7 M €	+20.4%	44,6 M €	+25.1%	35,6 M €	+64.3%	21,7 M €	+4.1%	20,8 M €	-9.5%	23 M €	+27.7%	18 M €
Other
Workforce	5,8 ETP	+20.8%	4,8 ETP	+20.0%	4,0 ETP	-2.4%	4,1 ETP	0.0%	4,1 ETP	-43.8%	7,3 ETP	+69.8%	4,3 ETP	+72.0%	2,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Frédéric GAUCHET

Director

Active

Frédéric MARMOUSEZ

Director

Active

Ended mandates

Frédéric GAUCHET

Mandate

Ended

Frédéric MARMOUSEZ

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
IMMALVAIN● Active	0630.942.438
Minagement International 2021● Active	0769.575.729
MINAKEM HIGH POTENT● Active	0630.942.834
Minasolve Solutions● Active	0696.988.847
Unité T.V.A. "MINAKEM"● Active	0639.780.029

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	10/07/2025	04/07/2024	11/04/2023	07/04/2022	04/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	15/03/2023	14/03/2022	25/06/2021
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
Full model	31/12/2025	26/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	10/07/2025	French	PDF
Consolidated accounts	31/12/2024	27/06/2025	03/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	04/07/2024	French	PDF
Consolidated accounts	31/12/2023	28/06/2024	03/07/2024	French	PDF
Full model	31/12/2022	15/03/2023	11/04/2023	French	PDF
Consolidated accounts	31/12/2022	30/06/2023	10/07/2023	French	PDF
Full model	31/12/2021	14/03/2022	07/04/2022	French	PDF
Consolidated accounts	31/12/2021	24/06/2022	05/07/2022	French	PDF
Full model	31/12/2020	29/03/2021	06/04/2021	French	PDF
Consolidated accounts	31/12/2020	25/06/2021	04/08/2021	French	PDF
Full model	31/12/2019	16/03/2020	20/04/2020	French	PDF
Consolidated accounts	31/12/2019	26/06/2020	23/07/2020	French	PDF
Full model	31/12/2018	14/03/2019	08/04/2019	French	PDF
Consolidated accounts	31/12/2018	28/06/2019	19/07/2019	French	PDF
Full model	31/12/2017	09/03/2018	29/03/2018	French	PDF
Consolidated accounts	31/12/2017	29/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	14/03/2017	18/04/2017	French	PDF
Consolidated accountsCorrection	31/12/2016	29/06/2018	26/07/2018	French	PDF
Consolidated accounts	31/12/2016	30/06/2017	14/07/2017	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 2 ended

Active mandates

Frédéric GAUCHET

Director

Active

Frédéric MARMOUSEZ

Director

Active

Ended mandates

Frédéric GAUCHET

Mandate

Ended

Frédéric MARMOUSEZ

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Other31/03/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/07/2021
CAPITAL, ACTIONS
PDF
Other29/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 2025-27,1 M €↓
17/11/2025
nominationRudolph Hidalgo — Directeur Général Groupe
2024
Annual accounts 20246,9 M €↓
2023
Annual accounts 20237,5 M €↑
09/10/2023
nominationMAZARS REVISEURS D'ENTREPRISES SRL — commissaire
15/02/2023
nominationC RÉVISEURS & ASSOCIES SCRL — commissaire
15/02/2023
reconductionCharles de Streel — représentant permanent du commissaire
2022
Annual accounts 20222,8 M €↓
2021
Annual accounts 20213,9 M €↓
2019
Annual accounts 20197,4 M €↑
2018
Annual accounts 20182,2 M €↓
2017
Annual accounts 20175,2 M €↓
2016
Annual accounts 20165,3 M €
25/04/2005
IncorporationPrivate 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

MINAFIN

Overview

What does MINAFIN do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

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