Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Minze from Antwerpen, company number BE0633612215, closed financial year 2025 with a result of € -2 million after tax. For that financial year Minze recorded a gross margin of € -196,692 and equity of € 5.2 million. Compared with financial year 2024, the result moved from € -1 million to € -2 million. The company made a loss. 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 July 16, 2026.
€ 5.2 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ 90 % more loss than in 2024
Profit after tax over the fiscal year.
€ 340,670
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
13.4
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 18% vs 2024
€ 101,800 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.
€ 8,327
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 279,908
▼ 35% vs 2024
€ 175,628 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 347,262
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,132
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 303,120 | € 456,511 | € 449,905 | € -196,692 | ▼ € 646,597 |
| Profit after taxes | € -407,110 | € -540,947 | € -1,040,456 | € -1,977,903 | ▼ € 937,448 |
| Equity | € 3,605,625 | € 3,064,678 | € 4,424,220 | € 5,153,864 | ▲ 16% |
| Total debts | € 1,032,486 | € 855,434 | € 858,623 | € 814,981 | ▼ 5% |
| Cash | € 12,830 | € 50,454 | € 1,550,663 | € 340,670 | ▼ 78% |
| Retained profit | € -665,507 | € -1,206,455 | € -2,246,911 | € -4,224,814 | ▼ € 2 million |
| Bank debt | € 822,267 | € 562,676 | € 427,707 | € 279,908 | ▼ 35% |
| Balance sheet total | € 4,638,112 | € 3,923,105 | € 5,285,789 | € 5,974,130 | ▲ 13% |
| Employees (FTE) | - | 8.1 | 12.1 | 13.4 | ▲ 1.3 |
Key figures of Minze, 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 Minze?
What happened at Minze in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hovard Ventures LLC stepped down as director. NBB
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN stepped down as director. NBB
- BAM CONSULT BV stepped down as director. NBB
- CAPRICORN PARTNERS NV stepped down as director. NBB
- Geert De Clercq stepped down as director. NBB
- Gilles Tas stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- Hovard Ventures LLC became a director. NBB
In short
From € 407,110 loss in 2022 to € 2 million loss in 2025.
On average € 37,200 of value added per employee in 2024.
A new publication or filing at Minze? 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
The stake of WHITE FUND, Participatiemaatschappij Vlaanderen, Capricorn Digital Growth Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MinzeThe shares are held by WHITE FUND (23.4%), Participatiemaatschappij Vlaanderen (19.1%) and Capricorn Digital Growth Fund (18.7%). It owns 100% of Minze Health itself.
Directors
According to the 2025 annual accounts
Director · represented by PHILIPPE Stas
Also active at: MoveUP, RheaVita, Puxano, Bedal International
since 2022 · until 2028
PARTICIPATIEMAATSCHAPPIJ VLAANDEREN
Director · represented by Nathalie VAN BRUAENE
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2024 · until 2030
Director · represented by Steffen Hovard
since 2025 · until 2031
Director · represented by Katrin GEYSKENS
Also active at: TS FLANDERS, CAPRICORN ICT ARKIV, Sensolus, REIN4CED, Confo Therapeutics, ViroVet, STORY CHIEF, Azumuta +22 more
since 2022 · until 2028
since 2023 · until 2028
Gilles Tas
Director
since 2022 · until 2028
Shareholders
Participations
Minze Health
100%
Establishments
Establishment units
Physical locations of this company
Lange Gasthuisstraat 29 box 15
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
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€ -5,427 gross margin · 2025
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€ -1.6 million gross margin · 2024
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€ 9,210 gross margin · 2025
Oper Credits
€ -1.9 million gross margin · 2025
NextFluent
€ 133,463 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
AWS Route 53
Domain
Domain
minzehealth.com
Registered
2015-08-07
Registrar
Amazon Registrar, Inc.
Expires
2026-08-07
Website info
Features
Security
Network
Details
- Company number
- 0633.612.215
- VAT number
- BE 0633.612.215
- Registered office
- Lange Gasthuisstraat 29 bus 15, 2000 Antwerpen
- Names & denominations
- Minze
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- minzehealth.com [email protected]
- Activities · NACE
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