Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 12.7 to 9.5.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Invest Minguet Gestion from Liège, company number BE0472499470, closed financial year 2024 with a result of € 35,296 after tax. For that financial year Invest Minguet Gestion recorded revenue of € 827,890 and equity of € 47.5 million. Compared with financial year 2023, the result moved from € -200,945 to € 35,296. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 22, 2025.
€ 47.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,296
▲ still € 200,945 loss in 2023
Profit after tax over the fiscal year.
€ 20,748
▼ 85% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 44.1 million.
People and assets in 2024
9.5
▼ 2.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 520,116
▼ 26% vs 2023
€ 54,700 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.
€ 418,465
▼ 37% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 24 million
▲ 1% vs 2023
€ 11 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 632,960
▲ 19% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 229 days on average.
€ 168,335
▲ 41% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 2,331,659 | € 1,902,318 | € 1,578,152 | € 827,890 | ▼ 48% |
| Profit after taxes | € -623,272 | € 2,833,004 | € -200,945 | € 35,296 | ▲ € 236,241 |
| Equity | € 44,860,937 | € 47,693,942 | € 47,492,996 | € 47,528,292 | |
| Total debts | € 24,205,811 | € 26,128,558 | € 27,946,923 | € 30,175,646 | ▲ 8% |
| Cash | € 707,943 | € 1,031,654 | € 136,042 | € 20,748 | ▼ 85% |
| Land & buildings | € 102 | - | - | € 0 | |
| Retained profit | € 41,476,442 | € 44,309,446 | € 44,108,501 | € 44,143,797 | |
| Bank debt | € 19,507,127 | € 21,755,857 | € 23,808,289 | € 24,040,200 | ▲ 1% |
| Balance sheet total | € 69,066,748 | € 73,822,500 | € 75,439,919 | € 77,703,938 | ▲ 3% |
| Employees (FTE) | 13.2 | 12.7 | 12.2 | 9.5 | ▼ 2.7 |
Key figures of Invest Minguet Gestion, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Invest Minguet Gestion?
What happened at Invest Minguet Gestion in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FLORENT MINGUET stepped down as director. NBB
- MARTINE GEILENKIRCHEN stepped down as director. NBB
- HORIZON CONSTRUCT SA stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 35,296. filed late Source: NBB ↗
- FLORENT MINGUET became a director. NBB
- MARTINE GEILENKIRCHEN became a director. NBB
- HORIZON CONSTRUCT SA became a director. NBB
- New establishment in Liège. KBO
In short
From € 623,272 loss in 2021 to € 35,296 profit in 2024.
Paid € 118,028 in corporate taxes since 2021.
Best year ever: 2022, with € 2.8 million profit.
A new publication or filing at Invest Minguet Gestion? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of EVOSUN, 100% of MINGUET OFFICE, 100% of RESEAU DE CHALEUR PLEIADES, 100% of ALL THERMIC SOLUTIONS, 100% of SP WALLONIE and 100% of INVEST MINGUET HOTEL itself.
Directors
According to the 2024 annual accounts
FLORENT MINGUET
Director
Also active at: ALL THERMIC SOLUTIONS, CHEVALIER, Systèmes Photovoltaïques Wallons, ATHENA HMW, LES VILLAS DE BALMORAL, EVO-Sun, MABOTTE, IMMOPLEIADES +30 more
since 2022 · until 2028
since 2022 · until 2028
Managing director · represented by LAURENT MINGUET
Also active at: ALL THERMIC SOLUTIONS, CHARL, Systèmes Photovoltaïques Wallons, MABOTTE, IMMOPLEIADES, DEMINA, NEXT ENERGY, IMMOCHERA +12 more
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →ALL THERMIC SOLUTIONS same network
€ 711,106 revenue · 2024
CHEVALIER same network
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
COGESTIM
€ 416,442 gross margin · 2025
+53 more
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
TECHIT, BE
Website info
Features
Security
Details
- Company number
- 0472.499.470
- VAT number
- BE 0472.499.470
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- Invest Minguet Gestion · IMG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 2000
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- minguet.be
- Activities · NACE
Activiteiten van holdings
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.
Holdings