ACTIVE

MINIMUM

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Financial year 2025 · closed on 31/12/2025

Net result

73,7 k €

-11.6% YoY

Gross margin

134,2 k €

-2.6% YoY

Equity

443,8 k €

-5.0% YoY

What does MINIMUM do?

MINIMUM is a Private limited company incorporated in 2004. Its main activity is: Public relations and communication activities. Its registered office is in Genappe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.242.428

Incorporation

29/11/2004

Legal form

Private limited company

Registered office

Drève Alain 7
1470 Genappe · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities 73110Advertising agencies+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	134,2 k €	-2.6%	137,8 k €	+9.9%	125,4 k €	+28.1%	97,8 k €	+43.4%	68,2 k €	-47.4%	129,6 k €	-14.0%	150,7 k €	-3.3%	155,9 k €	-23.5%	203,7 k €	+45.3%	140,2 k €	-19.7%	174,5 k €	+251%	49,8 k €	-38.5%	81,0 k €	-30.3%	116,3 k €	+3.1%	112,7 k €	+98.3%	56,8 k €	-42.6%	99,1 k €	-18.4%	121,4 k €	+139%	50,7 k €	+56.2%	32,5 k €
EBITDA	132,6 k €	-2.5%	136,0 k €	+9.9%	123,7 k €	+28.3%	96,5 k €	+44.2%	66,9 k €	-48.0%	128,6 k €	-13.4%	148,4 k €	+1.2%	146,7 k €	-27.6%	202,5 k €	+45.6%	139,1 k €	-19.9%	173,7 k €	+265%	47,5 k €	-39.8%	78,9 k €	-31.5%	115,2 k €	+3.1%	111,7 k €	+99.1%	56,1 k €	-42.9%	98,3 k €	-18.3%	120,3 k €	+140%	50,2 k €	+56.9%	32,0 k €
Operating result	108,1 k €	-11.7%	122,4 k €	+7.1%	114,3 k €	+34.7%	84,9 k €	+35.5%	62,6 k €	-50.7%	126,9 k €	-13.1%	146,0 k €	+2.0%	143,2 k €	-23.8%	187,8 k €	+50.0%	125,2 k €	-22.6%	161,8 k €	+374%	34,1 k €	-47.8%	65,4 k €	-33.9%	99,0 k €	+2.5%	96,6 k €	+136%	41,0 k €	-51.8%	84,9 k €	-20.0%	106,1 k €	+192%	36,4 k €	+76.1%	20,7 k €
Net result	73,7 k €	-11.6%	83,4 k €	+5.6%	79,0 k €	+34.7%	58,6 k €	+42.7%	41,1 k €	-53.1%	87,6 k €	-11.3%	98,8 k €	+5.6%	93,5 k €	-15.8%	111,1 k €	+42.0%	78,3 k €	-16.7%	93,9 k €	+263%	25,9 k €	-48.9%	50,6 k €	-29.1%	71,4 k €	+2.5%	69,6 k €	+95.1%	35,7 k €	-36.5%	56,2 k €	-24.7%	74,7 k €	+206%	24,4 k €	+75.0%	13,9 k €
Balance sheet
Equity	443,8 k €	-5.0%	467,0 k €	-11.2%	526,1 k €	-5.8%	558,2 k €	-3.4%	577,8 k €	-17.2%	698,1 k €	+10.7%	630,5 k €	+18.2%	533,6 k €	+21.3%	440,1 k €	-23.8%	577,5 k €	+13.5%	509,0 k €	+22.6%	415,1 k €	+6.6%	389,2 k €	+6.3%	366,2 k €	+24.2%	294,8 k €	+30.9%	225,2 k €	+17.3%	191,9 k €	+38.9%	138,2 k €	+110%	65,9 k €	+49.9%	44,0 k €
Total assets	545,6 k €	-4.2%	569,4 k €	-1.1%	575,6 k €	-1.6%	584,9 k €	-1.4%	592,9 k €	-18.3%	726,0 k €	+10.1%	659,6 k €	+18.2%	558,2 k €	+17.2%	476,3 k €	-20.0%	595,2 k €	+12.4%	529,7 k €	+8.4%	488,8 k €	+14.2%	428,0 k €	+5.7%	404,9 k €	+19.0%	340,2 k €	+17.8%	288,7 k €	+35.0%	213,9 k €	+19.7%	178,7 k €	+55.9%	114,6 k €	+47.1%	77,9 k €
Cash	32,2 k €	-87.4%	254,8 k €	+44.5%	176,3 k €	-63.4%	481,3 k €	-6.5%	514,6 k €	-18.3%	630,0 k €	+24.8%	504,9 k €	+30.4%	387,1 k €	+18.8%	325,8 k €	-26.7%	444,2 k €	-3.4%	459,7 k €	+22.5%	375,3 k €	+13.8%	329,6 k €	+21.3%	271,8 k €	+20.0%	226,6 k €	+25.4%	180,6 k €	+107%	87,2 k €	+318%	20,9 k €	-52.0%	43,5 k €	+222%	13,5 k €
Debts	101,7 k €	-0.7%	102,4 k €	+108%	49,3 k €	+84.7%	26,7 k €	+77.2%	15,1 k €	-45.9%	27,8 k €	-4.4%	29,1 k €	+18.5%	24,6 k €	-32.1%	36,2 k €	+104%	17,8 k €	-14.3%	20,7 k €	-71.9%	73,8 k €	+90.1%	38,8 k €	+0.2%	38,7 k €	-14.6%	45,3 k €	-28.6%	63,5 k €	+189%	22,0 k €	-45.7%	40,5 k €	-16.8%	48,7 k €	+43.5%	33,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Geert Dominiek Vanhees

Administrator - manager · since 22 novembre 2004

Active

Ended mandates

GEERT VANHEES

Director

Ended

GEERT VANHEES

Administrator - manager

Ended

GEERT VANHEES

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
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	29/06/2026	30/07/2025	26/08/2024	25/08/2023	18/07/2022	08/07/2021
General meeting	01/06/2026	23/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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
Micro model	31/12/2025	01/06/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	23/06/2025	30/07/2025	French	PDF
Micro model	31/12/2023	03/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	05/06/2023	25/08/2023	French	PDF
Micro model	31/12/2021	07/06/2022	18/07/2022	French	PDF
Micro model	31/12/2020	07/06/2021	08/07/2021	French	PDF
Micro model	31/12/2019	11/08/2020	30/09/2020	French	PDF
Micro model	31/12/2018	03/06/2019	18/07/2019	French	PDF
Micro model	31/12/2017	04/06/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	06/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 3 ended

Active mandates

Geert Dominiek Vanhees

Administrator - manager · since 22 novembre 2004

Active

Ended mandates

GEERT VANHEES

Director

Ended

GEERT VANHEES

Administrator - manager

Ended

GEERT VANHEES

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/12/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/06/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/12/2013
CAPITAL, ACTIONS
PDF
Other10/12/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202573,7 k €↓
2024
Annual accounts 202483,4 k €↑
2023
Annual accounts 202379,0 k €↑
2022
Annual accounts 202258,6 k €↑
2021
Annual accounts 202141,1 k €↓
2020
Annual accounts 202087,6 k €↓
2019
Annual accounts 201998,8 k €↑
2018
Annual accounts 201893,5 k €↓
2017
Annual accounts 2017111,1 k €↑
2016
Annual accounts 201678,3 k €↓
2015
Annual accounts 201593,9 k €↑
2014
Annual accounts 201425,9 k €↓
2013
Annual accounts 201350,6 k €↓
2012
Annual accounts 201271,4 k €↑
2011
Annual accounts 201169,6 k €↑
2010
Annual accounts 201035,7 k €↓
2009
Annual accounts 200956,2 k €↓
2008
Annual accounts 200874,7 k €↑
2007
Annual accounts 200724,4 k €↑
2006
Annual accounts 200613,9 k €
29/11/2004
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

MINIMUM

Overview

What does MINIMUM do?

Trend over 20 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