Financials
Financial year 2025
Miniox from Elsene, company number BE0406404264, closed financial year 2025 with a result of € 427,912 after tax. For that financial year Miniox recorded revenue of € 19.1 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 304,626 to € 427,912. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 427,912
▲ 40% vs 2024
Profit after tax over the fiscal year.
€ 254,027
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 427,000 paid out
100 % of the profit went to the shareholders, mostly to O. W. T. Gérance (100 % of the shares). That is where the money ends up.
People and assets in 2025
49.1
▼ 4.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▼ 1% vs 2024
€ 54,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 49,770
▼ 34% vs 2024
Of which on lease € 17,333.
Debts at end 2025
€ 1.1 million
▲ 76% vs 2024
€ 23,906 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.2 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 483,436
▲ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,322,210 | € 18,632,190 | € 18,551,620 | € 19,132,558 | ▲ 3% |
| Profit after taxes | € 459,482 | € 236,885 | € 304,626 | € 427,912 | ▲ 40% |
| Equity | € 2,061,530 | € 2,298,415 | € 2,797,212 | € 2,795,720 | |
| Total debts | € 3,585,254 | € 3,809,765 | € 3,895,621 | € 4,406,916 | ▲ 13% |
| Cash | € 103,033 | € 53,332 | € 393,109 | € 254,027 | ▼ 35% |
| Land & buildings | € 124,218 | € 93,261 | € 71,679 | € 52,097 | ▼ 27% |
| Retained profit | € 1,813,636 | € 2,050,521 | € 2,482,248 | € 2,483,160 | |
| Dividend | € 0 | € 0 | € 0 | € 427,000 | |
| Bank debt | € 1,841,487 | € 1,232,081 | € 627,501 | € 1,103,598 | ▲ 76% |
| Balance sheet total | € 5,646,784 | € 6,108,180 | € 6,741,035 | € 7,236,230 | ▲ 7% |
| Employees (FTE) | 43.5 | 46 | 54 | 49.1 | ▼ 4.9 |
Key figures of Miniox, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Miniox?
What happened at Miniox in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernard TINEL stepped down as director. NBB
- François TINEL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 427,912 (▲ 40% vs 2024). Source: NBB ↗
- New establishment in Oudergem. KBO
- New establishment in Rixensart. KBO
- Bernard TINEL became a director. NBB
- François TINEL became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 459,482 profit in 2022 to € 427,912 profit in 2025.
Paid € 571,789 in corporate taxes since 2022.
Best year ever: 2022, with € 459,482 profit.
Paid out € 427,000 in dividends to the owners in total.
Management
The stake of O. W. T. Gérance comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MinioxThe shares are held by O. W. T. Gérance (99.8%). It owns 3% of Copagro SCRL itself.
Directors
According to the 2025 annual accounts
Bernard TINEL
Managing director
since 2022 · until 2027
since 2022 · until 2027
Shareholders
99.8%
Participations
3%
Establishments
Establishment units
Physical locations of this company
Waterloose Steenweg 645
1050 Elsene
Chaussée de Bruxelles 61
1410 Waterloo
Active since 9 February 2001
Daillylaan 222
1030 Schaarbeek
Active since 2 May 1972
Place Jean Vanderbecken 17
1332 Rixensart
Active since 1 January 2023
Waverse steenweg 1227
1160 Oudergem
Active since 1 December 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.404.264
- VAT number
- BE 0406.404.264
- Registered office
- Waterloose Steenweg 645, 1050 Elsene
- Names & denominations
- Miniox
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 1969
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
Groothandel in behang, verf en woningtextiel
Groothandel in behang en onderhoudsproducten
Groothandel in reinigingsmiddelen