What does MINAFIN do?

MINAFIN is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 25 April 2005, 1 establishment.

What is the address of MINAFIN?

The registered office of MINAFIN is located at Rue Fonds Jean Pâques 8, 1435 Mont-Saint-Guibert.

Is MINAFIN still active?

Yes. According to the CBE (30 October 2026) MINAFIN is active, legal situation “Normale toestand”, started on 25 April 2005.

Is MINAFIN registered on Peppol?

Yes, MINAFIN is registered on the Peppol network with ID 0208:0660622953.

What is the enterprise number of MINAFIN?

The enterprise number of MINAFIN is BE0660622953.

When was MINAFIN founded?

MINAFIN was founded on 25 April 2005.

Who are the directors of MINAFIN?

According to the 2025 annual accounts, the directors of MINAFIN are: Frédéric GAUCHET, Frédéric MARMOUSEZ.

Is MINAFIN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 April 2005; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MINAFIN make in 2025?

MINAFIN recorded a loss after taxes of € 27,137,353 in financial year 2025.

What is the revenue of MINAFIN?

In its most recent annual accounts (2025), MINAFIN reported revenue of € 9,075,773.

How much does an employee at MINAFIN earn?

The average wage cost per full-time employee at MINAFIN was € 162,600 in 2025: staff costs of € 943,037 for 5.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MINAFIN have?

According to the 2025 annual accounts, MINAFIN has 5.8 full-time equivalents (FTE).

MINAFIN (Private Limited) - Mont-Saint-Guibert

Dossier MINAFIN, printed on 30 October 2026 from databakkes.be/en/0660622953/minafin. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 26 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MINAFIN from Mont-Saint-Guibert, company number BE0660622953, closed financial year 2025 with a result of € -27.1 million after tax. For that financial year MINAFIN recorded revenue of € 9.1 million and equity of € 25 million. Compared with financial year 2024, the result moved from € 6.9 million to € -27.1 million. The company made a loss. The buffer shrank hard: equity is 52 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.

What it is worth Shrank hard

€ 25 million

▼ 52% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -27.1 million

▼ still € 6.9 million profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 21.6 million

▲ € 16.3 million vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 1.3 million.

People and assets in 2025

Full-time equivalents

5.8

▲ 1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 8.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 943,037

▲ 11% vs 2024

€ 162,600 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.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 35 million

▼ 3% vs 2024

€ 5 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 3.1 million

▲ 57% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 138 days on average.

Taxes and wages

€ 262,940

▲ 156% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 8,764,064 Revenue 2022: € 8,764,064 First fiscal year in the series	€ 10,275,160 Revenue 2023: € 10,275,160 ▲ 17% vs 2022 (€ 8,764,064) Favourable step	€ 9,325,902 Revenue 2024: € 9,325,902 ▼ 9% vs 2023 (€ 10,275,160) Unfavourable step	€ 9,075,773 Revenue 2025: € 9,075,773 ▼ 3% vs 2024 (€ 9,325,902) Unfavourable step	▼ 3%
Profit after taxes	€ 2,804,551 Profit after taxes 2022: € 2,804,551 First fiscal year in the series	€ 7,463,668 Profit after taxes 2023: € 7,463,668 ▲ 166% vs 2022 (€ 2,804,551) Favourable step	€ 6,891,226 Profit after taxes 2024: € 6,891,226 ▼ 8% vs 2023 (€ 7,463,668) Unfavourable step	€ -27,137,353 Profit after taxes 2025: € -27,137,353 ▼ € 34 million vs 2024 (€ 6,891,226) Unfavourable step	▼ € 34 million
Equity	€ 37,826,560 Equity 2022: € 37,826,560 First fiscal year in the series	€ 45,255,228 Equity 2023: € 45,255,228 ▲ 20% vs 2022 (€ 37,826,560) Favourable step	€ 52,146,454 Equity 2024: € 52,146,454 ▲ 15% vs 2023 (€ 45,255,228) Favourable step	€ 25,009,100 Equity 2025: € 25,009,100 ▼ 52% vs 2024 (€ 52,146,454) Unfavourable step	▼ 52%
Total debts	€ 45,531,238 Total debts 2022: € 45,531,238 First fiscal year in the series	€ 54,051,936 Total debts 2023: € 54,051,936 ▲ 19% vs 2022 (€ 45,531,238) Unfavourable step	€ 55,510,701 Total debts 2024: € 55,510,701 ▲ 3% vs 2023 (€ 54,051,936) Unfavourable step	€ 136,565,088 Total debts 2025: € 136,565,088 ▲ 146% vs 2024 (€ 55,510,701) Unfavourable step	▲ 146%
Cash	€ 7,547,256 Cash 2022: € 7,547,256 First fiscal year in the series	€ 6,723,979 Cash 2023: € 6,723,979 ▼ 11% vs 2022 (€ 7,547,256) Unfavourable step	€ 5,320,514 Cash 2024: € 5,320,514 ▼ 21% vs 2023 (€ 6,723,979) Unfavourable step	€ 21,585,830 Cash 2025: € 21,585,830 ▲ € 16.3 million vs 2024 (€ 5,320,514) Favourable step	▲ € 16.3 million
Retained profit	€ 14,029,236 Retained profit 2022: € 14,029,236 First fiscal year in the series	€ 21,541,351 Retained profit 2023: € 21,541,351 ▲ 54% vs 2022 (€ 14,029,236) Favourable step	€ 28,459,600 Retained profit 2024: € 28,459,600 ▲ 32% vs 2023 (€ 21,541,351) Favourable step	€ 1,327,651 Retained profit 2025: € 1,327,651 ▼ 95% vs 2024 (€ 28,459,600) Unfavourable step	▼ 95%
Dividend	€ 2,541,757 Dividend 2022: € 2,541,757 First fiscal year in the series	€ 35,000 Dividend 2023: € 35,000 ▼ 99% vs 2022 (€ 2,541,757) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 35,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 36,000,000 Bank debt 2022: € 36,000,000 First fiscal year in the series	€ 38,857,352 Bank debt 2023: € 38,857,352 ▲ 8% vs 2022 (€ 36,000,000) Unfavourable step	€ 36,000,000 Bank debt 2024: € 36,000,000 ▼ 7% vs 2023 (€ 38,857,352) Favourable step	€ 35,000,000 Bank debt 2025: € 35,000,000 ▼ 3% vs 2024 (€ 36,000,000) Favourable step	▼ 3%
Balance sheet total	€ 84,337,532 Balance sheet total 2022: € 84,337,532 First fiscal year in the series	€ 99,621,686 Balance sheet total 2023: € 99,621,686 ▲ 18% vs 2022 (€ 84,337,532) Unchanged	€ 107,657,154 Balance sheet total 2024: € 107,657,154 ▲ 8% vs 2023 (€ 99,621,686) Unchanged	€ 167,165,713 Balance sheet total 2025: € 167,165,713 ▲ 55% vs 2024 (€ 107,657,154) Unchanged	▲ 55%
Employees (FTE)	4.1 Employees (FTE) 2022: 4.1 First fiscal year in the series	4 Employees (FTE) 2023: 4 ▼ 0.1 vs 2022 (4.1) Unchanged	4.8 Employees (FTE) 2024: 4.8 ▲ 0.8 vs 2023 (4) Unchanged	5.8 Employees (FTE) 2025: 5.8 ▲ 1 vs 2024 (4.8) Unchanged	▲ 1

Key figures of MINAFIN, 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 MINAFIN?

What happened at MINAFIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 3, 2026 New annual accounts for financial year 2025: loss of € 27.1 million (▼ € 34 million vs 2024). Source: NBB ↗
Jul 29, 2016 New establishment in Mont-Saint-Guibert. KBO
Apr 25, 2005 Start of the company according to the CBE. KBO

In short

From € 2.8 million profit in 2022 to € 27.1 million loss in 2025.

Paid € 383,133 in corporate taxes since 2022.

Best year ever: 2023, with € 7.5 million profit.

Paid out € 2.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Minagement International 2021 3.1%

The stake of Minagement International 2021 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MINAFIN

Minakem Finance 100%

Minasolve Solutions 100%

Minafuran INC 100%

Minasolve SAS 100%

Behind MINAFIN are Frédéric GAUCHET and Frédéric MARMOUSEZ. The shares are held by Minagement International 2021 (3.1%). It owns 100% of Minakem Finance, 100% of Minasolve Solutions, 100% of Minafuran INC, 100% of Minasolve SAS and 100% of Minafin France itself.

Directors

According to the 2025 annual accounts

Frédéric GAUCHET

Director

Also active at: LMSA, MINAKEM HIGH POTENT

Frédéric MARMOUSEZ

Director

Shareholders

Minagement International 2021

3.1%

Participations

Minakem Finance

100%

Minasolve Solutions

100%

Minafuran INC

100%

Minasolve SAS

100%

Minafin France

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Fonds Jean Pâques 8

1435 Mont-Saint-Guibert

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

IMMALVAIN

€ 464,683 revenue · 2025

MINAKEM HIGH POTENT same network

€ 12.2 million revenue · 2025

Unité T.V.A. "MINAKEM"

Minasolve Solutions same network

€ 1.2 million gross margin · 2025

Minagement International 2021 same network

€ -4,852 gross margin · 2024

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0660.622.953

VAT number

BE 0660.622.953

Registered office

Rue Fonds Jean Pâques 8, 1435 Mont-Saint-Guibert

Names & denominations

MINAFIN

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 April 2005

Peppol

Active · Active since 5 Jan 2026

Activities · NACE

Activiteiten van holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

MINAFIN

Warning lights

Financials

What happened to MINAFIN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions