Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MINNE from Ieper, company number BE0437569869, closed financial year 2025 with a result of € 126,564 after tax. For that financial year MINNE recorded a gross margin of € 693,592 and equity of € 806,280. Compared with financial year 2024, the result moved from € 119,308 to € 126,564. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 17, 2026.
€ 806,280
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,564
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 445,307
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 110,000 paid out
87 % of the profit went to the shareholders, mostly to HAPILY (100 % of the shares). That is where the money ends up.
People and assets in 2025
5.3
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 369,343
▼ 6% vs 2024
€ 69,700 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.
€ 68,802
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 143,500
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 113,401
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 449,326 | € 927,911 | € 647,024 | € 693,592 | ▲ 7% |
| Profit after taxes | € 102,484 | € 372,911 | € 119,308 | € 126,564 | ▲ 6% |
| Equity | € 732,497 | € 755,408 | € 789,716 | € 806,280 | ▲ 2% |
| Total debts | € 1,731,139 | € 1,938,711 | € 1,841,741 | € 1,711,613 | ▼ 7% |
| Cash | € 196,355 | € 23,604 | € 415,774 | € 445,307 | ▲ 7% |
| Land & buildings | € 736,190 | € 661,273 | € 649,377 | € 584,034 | ▼ 10% |
| Retained profit | € 199,989 | € 222,900 | € 257,209 | € 273,773 | ▲ 6% |
| Dividend | € 65,000 | € 350,000 | € 85,000 | € 110,000 | ▲ 29% |
| Balance sheet total | € 2,499,163 | € 2,730,919 | € 2,666,567 | € 2,547,740 | ▼ 4% |
| Employees (FTE) | 4.8 | 5.5 | 6.2 | 5.3 | ▼ 0.9 |
Key figures of MINNE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MINNE?
What happened at MINNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,564 (▲ 6% vs 2024). Source: NBB ↗
- Ria Capelle stepped down as director. NBB
- Hapily BV stepped down as director. NBB
- Eric Minne stepped down as director. NBB
- Ria Capelle became a director. NBB
- Hapily BV became a director. NBB
- Eric Minne became a director. NBB
- New establishment in Ieper. KBO
In short
From € 102,484 profit in 2022 to € 126,564 profit in 2025.
Paid € 45,890 in corporate taxes since 2022.
Best year ever: 2023, with € 372,911 profit.
On average € 130,900 of value added per employee in 2025.
Management
The stake of HAPILY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MINNEThe shares are held by HAPILY (100%).
Directors
According to the 2025 annual accounts
Ria Capelle
Director
since 2018 · until 2024
Managing director · represented by Koen Minne
since 2018 · until 2024
Eric Minne
Managing director
since 2018 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 13
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0437.569.869
- VAT number
- BE 0437.569.869
- Registered office
- Zwaanhofweg 13, 8900 Ieper
- Names & denominations
- MINNE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 1989
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- minnesport.be
- Activities · NACE
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