ACTIVE

MINIMAL

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Financial year 2024 · closed on 31/12/2024

Net result

72,9 k €

+15.2% YoY

Gross margin

110,7 k €

+26.6% YoY

Equity

203,4 k €

+55.9% YoY

What does MINIMAL do?

MINIMAL is a Private limited company incorporated in 2005. Its main activity is: Architectural activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.162.605

Incorporation

18/07/2005

Legal form

Private limited company

Registered office

Avenue Louise 523
1050 Ixelles · BruxellesSee on map

Contributed capital

7 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

71112Architectural activities· main 71112Architectural activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 71111Architectural activities 71111Architectural activities+10

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2009		2008		2007		2006
Income statement
Gross margin	110,7 k €	+26.6%	87,4 k €	+1037%	7,7 k €	-63.5%	21,1 k €	-37.6%	33,8 k €	+5.7%	31,9 k €	+15474%	-207,8 €	-21.3%	-171,2 €	+49.0%	-335,7 €	-22.7%	-273,6 €	+51.8%	-567,7 €	-63.4%	-347,4 €	+64.7%	-984,5 €	+82.6%	-5,6 k €	-176%	7,4 k €	-53.8%	16,1 k €	+644%	2,2 k €
EBITDA	110,4 k €	+26.4%	87,4 k €	+1037%	7,7 k €	-63.4%	21 k €	-37.6%	33,7 k €	+6.8%	31,6 k €	+15307%	-207,8 €	-19.2%	-174,3 €	+48.6%	-339,2 €	+49.6%	-672,9 €	+8.6%	-736,1 €	-112%	-347,4 €	+64.7%	-984,5 €	+83.2%	-5,9 k €	-180%	7,4 k €	-51.1%	15,1 k €	+1128%	1,2 k €
Operating result	107,7 k €	+26.0%	85,5 k €	+1217%	6,5 k €	-66.9%	19,6 k €	-40.4%	32,9 k €	+6.5%	30,9 k €	+14962%	-207,8 €	-19.2%	-174,3 €	+48.6%	-339,2 €	+49.6%	-672,9 €	+8.6%	-736,1 €	-112%	-347,4 €	+64.7%	-984,6 €	+85.5%	-6,8 k €	-211%	6,1 k €	-54.8%	13,5 k €	+3661%	360,1 €
Net result	72,9 k €	+15.2%	63,3 k €	+719%	7,7 k €	-48.6%	15 k €	-42.6%	26,2 k €	+13.9%	23 k €	+8333%	-279 €	-14.8%	-243 €	-361%	93,3 €	+121%	-437,3 €	+43.2%	-769,7 €	-75.1%	-439,5 €	+59.7%	-1,1 k €	+76.0%	-4,5 k €	+17.6%	-5,5 k €	-301%	-1,4 k €	-3.7%	-1,3 k €
Balance sheet
Equity	203,4 k €	+55.9%	130,4 k €	+94.3%	67,1 k €	+13.0%	59,4 k €	+33.9%	44,4 k €	+144%	18,2 k €	+483%	-4,8 k €	-6.2%	-4,5 k €	-5.7%	-4,2 k €	+2.2%	-4,3 k €	-11.2%	-3,9 k €	-24.7%	-3,1 k €	-16.4%	-2,7 k €	+53.4%	-5,7 k €	-377%	-1,2 k €	-128%	4,3 k €	-24.2%	5,7 k €
Total assets	267,6 k €	+64.6%	162,6 k €	+94.9%	83,4 k €	-7.0%	89,7 k €	+39.9%	64,1 k €	+67.4%	38,3 k €	+20601%	185 €	+414%	36 €	-97.2%	1,3 k €	-25.7%	1,7 k €	+65.2%	1 k €	0.0%	1 k €	0.0%	1 k €	-95.8%	24,9 k €	-52.1%	52 k €	-59.7%	129,1 k €	+1112%	10,7 k €
Cash	106,6 k €	+133%	45,7 k €	+12533%	362 €	-97.9%	17,5 k €	-21.6%	22,3 k €	+9.1%	20,4 k €	+10933%	185 €	+414%	36 €	-97.2%	1,3 k €	-25.7%	1,7 k €		–		–		–		–		15,8 k €	-61.2%	40,7 k €	+540%	6,4 k €
Debts	64,3 k €	+99.9%	32,2 k €	+97.2%	16,3 k €	-45.1%	29,7 k €	+53.2%	19,4 k €	+3.0%	18,8 k €	+285%	4,9 k €	+8.3%	4,5 k €	-18.3%	5,5 k €	-8.7%	6 k €	+22.5%	4,9 k €	+18.5%	4,2 k €	+11.8%	3,7 k €	-87.7%	30,4 k €	-41.8%	52,1 k €	-56.5%	119,8 k €	+2832%	4,1 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 31/12/2024 · 1 active · 9 ended

Active mandates

JACQUES VANHAREN

Director

Active

Ended mandates

Jacques VANHAREN

Director · since 01 mai 2019

Ended

Michel VANHAREN JACQUES

Director · since 01 mai 2019

Ended

Umit IDIL ALI IHSAN

Director · since 01 mai 2019

Ended

Jacques Michel Vanharen

Manager · since 29 avril 2019

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	03/10/2024	18/07/2024	21/10/2022	21/04/2022	29/12/2020
General meeting	24/09/2025	02/10/2024	17/07/2024	06/06/2022	07/06/2021	02/06/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	24/09/2025	29/09/2025	French	PDF
Micro model	31/12/2023	02/10/2024	03/10/2024	French	PDF
Micro model	31/12/2022	17/07/2024	18/07/2024	French	PDF
Micro model	31/12/2021	06/06/2022	21/10/2022	French	PDF
Micro model	31/12/2020	07/06/2021	21/04/2022	French	PDF
Micro model	31/12/2019	02/06/2020	29/12/2020	French	PDF
Micro model	31/12/2018	03/06/2019	16/12/2020	French	PDF
Micro model	31/12/2017	11/09/2018	29/09/2018	Dutch	PDF
Micro model	31/12/2016	22/09/2017	30/09/2017	Dutch	PDF
Abridged model	31/12/2015	26/09/2016	04/11/2016	Dutch	PDF
Abridged model	31/12/2014	28/09/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	22/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	09/10/2013	11/10/2013	French	PDF
Abridged model	31/12/2009	29/10/2010	30/12/2010	French	PDF
Abridged model	31/12/2008	30/10/2009	16/11/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	31/10/2008	French	PDF
Abridged model	31/12/2006	05/10/2007	16/10/2007	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 31/12/2024 · 1 active · 9 ended

Active mandates

JACQUES VANHAREN

Director

Active

Ended mandates

Jacques VANHAREN

Director · since 01 mai 2019

Ended

Michel VANHAREN JACQUES

Director · since 01 mai 2019

Ended

Umit IDIL ALI IHSAN

Director · since 01 mai 2019

Ended

Jacques Michel Vanharen

Manager · since 29 avril 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates22/05/2019
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/05/2019
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office02/08/2012
SIEGE SOCIAL
PDF
Mandates24/05/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other29/07/2005
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

2024
Annual accounts 202472,9 k €↑
2023
Annual accounts 202363,3 k €↑
2022
Annual accounts 20227,7 k €↓
2021
Annual accounts 202115 k €↓
2020
Annual accounts 202026,2 k €↑
2019
Annual accounts 201923 k €↑
2018
Annual accounts 2018-279 €↓
2017
Annual accounts 2017-243 €↓
2016
Annual accounts 201693,3 €↑
2015
Annual accounts 2015-437,3 €↑
2014
Annual accounts 2014-769,7 €↓
2013
Annual accounts 2013-439,5 €↑
2012
Annual accounts 2012-1,1 k €↑
2009
Annual accounts 2009-4,5 k €↑
2008
Annual accounts 2008-5,5 k €↓
2007
Annual accounts 2007-1,4 k €↓
2006
Annual accounts 2006-1,3 k €
18/07/2005
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

MINIMAL

Overview

What does MINIMAL do?

Trend over 17 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