Choice NV, whose shares are listed on Euronext Access Brussels, announces — in performance of its obligations regarding the disclosure of inside information under MAR — that it is repositioning to a pure licensing and holding model, and that the executive chairman of the board of directors, Mr Bart Van Coppenolle, is resigning as executive chairman and member of the board of directors.
The board of directors of Choice NV (the Company) has decided to reposition the Company as a pure licensing and holding company. In the project in which its intangible assets are used, Choice NV acts solely as licensor. The Company holds no participation, no board seat and no veto right in any operating entity of that project; its economic interest is limited to a licence fee, negotiated at arm's length once the relevant entity has attracted its own external capital. Also after the negotiation of that licence fee, Choice NV will not acquire any participation, board seat or veto right in any operating entity: its position remains permanently limited to that of licensor.
The operational activities will be carried out by separate entities that are incorporated and financed independently of Choice NV and in which Choice NV holds no share or control. This structure keeps the regulatory and operational risks of the project outside the listed company and thus limits the risk profile for its shareholders, while the Company retains, through its licence income, an exposure to the value creation of the project.
The licence fee envisaged by both parties consists of a fixed component — an inception fee of USD 500,000 and a fixed annual fee of USD 25,000 — and a variable royalty of 50% of the gross revenues (the fee income) of the Fund — the investment fund associated with the licensed project from which that fee income arises — once the associated Fund is operational. These amounts and principles reflect a mutual, non-binding intention between the parties concerned; they have not been negotiated into a definitive agreement and have not been signed. The definitive licence terms will be negotiated at arm's length by the remaining and additionally co-opted directors of Choice NV.
As the culmination of this repositioning, Mr Bart Van Coppenolle unconditionally resigns his mandate as executive chairman and member of the board of directors of Choice NV, with effect from 11 August 2026. His resignation has not been made conditional on any prior agreement on the licence terms, so that the remaining and additionally co-opted directors of Choice NV can negotiate the possible licence with a counterparty independent of Choice NV. The board seat thus vacated will be filled by co-optation (Article 7:88 BCCA) by the remaining directors, subject to confirmation by the next general meeting.
The figures stated below are modelled, forward-looking estimates, based on the licence structure envisaged above — non-binding and unsigned — and on a range of assumptions. They do not constitute a guarantee or promise, do not form a contractual commitment, and actual results may differ materially (see the important notice below). They are communicated so that shareholders and certificate holders can assess the possible significance of this repositioning for their investment.
On the basis of Choice NV's current capital base of approximately EUR 66.6 million, for the modelled licence portfolio — in which one additional licensed project is rolled out each year (the project pipeline) — a return on equity (ROE) is modelled that rises from approximately 0.6% in the first year to the order of 30% by year 5 and 58% by year 7 before tax (in the order of 43% after tax by year 7). The shareholder internal rate of return derived from this, solved from the timed cash flows (the shareholder IRR), amounts in that scenario to approximately 22% before tax — approximately 19% after tax on an accrual basis and approximately 17% after tax on a cash basis. For the first licensed project line (El Salvador) individually, the ROE reaches the order of 14% before tax at maturity in year 4. These projections apply only if the projects are effectively realised as planned.
Choice NV is a public limited company under Belgian law with its registered office in Leuven, whose shares are listed on Euronext Access Brussels — ISIN BE0974370026, ticker MLTV.
Contact — Philip Vandormael, CFO and interim CEO of Choice NV — aandelen@choice.be — www.choice.be
Inside information. This press release contains information that until now qualified as inside information within the meaning of Article 7 MAR and which is made public with this release in accordance with Article 17 MAR (Regulation (EU) No 596/2014, directly applicable in Belgium; enforcement via the Act of 2 August 2002 on the supervision of the financial sector and financial services). Through this disclosure, that information is no longer non-public.
No offer. Nothing in this press release constitutes an offer, an invitation or an inducement to subscribe for, purchase or sell financial instruments of Choice NV or of any other entity, in any jurisdiction, and may not be construed as such. No prospectus is drawn up, approved or published in this connection.
Non-binding; no agreement. The licence fee and principles stated in this press release reflect a mutual, non-binding intention. They have not been negotiated into a definitive agreement and have not been signed, and create no obligation on the part of any party. The definitive terms will be negotiated at arm's length by the remaining and additionally co-opted directors of Choice NV.
Forward-looking statements. This press release contains forward-looking statements and modelled projections (including ROE and IRR) that are based on assumptions and subject to risks and uncertainties, and whose actual results may differ materially. No guarantee whatsoever is given regarding future results.
No advice. This press release does not constitute investment, legal or tax advice.
AI transparency notice. This press release was prepared with the help of AI systems (Claude and ChatGPT) under the supervision and control of the drafters, who remain responsible for the content. This notice aligns with the transparency principles of Regulation (EU) 2024/1689 (AI Act), in particular Article 50.
Choice NV develops and licenses the AI, blockchain, and smart contract technology powering the next generation of value-backed complementary currency — Good Money / Choice Coin (C²).
A concise overview of what Choice Coin is, how it works, and why now is the moment to pay attention.
Our Explanatory Video about Good Money, released! pic.twitter.com/hdQ7OdFhKH
— Bart Van Coppenolle (@BartGoodMoney) May 26, 2026
Choice NV is a Belgian technology company at the frontier of monetary innovation — building the rails for a new era of sound, value-backed money.
After an initial phase in social media and television, the company repivoted around a core conviction: the global monetary system is broken. Dollar dominance is waning, Bitcoin has been co-opted by institutional speculation, and fiat currencies face structural credibility crises. The market needs a credible, redeemable alternative.
Choice NV does not issue or operate the currency itself. In the tradition of Hayek's Denationalisation of Money and Graham's value investing principles, we build and license the infrastructure that makes Choice Coin (C²) possible — analogous to selling picks and shovels during a gold rush.
Choice Coin is fully backed by a diversified basket of publicly traded value stocks — redeemable at any time against underlying asset value.
We build and license the systems that enable a fully market-driven, asset-backed complementary currency to function at scale — under full regulatory compliance.
Automatically issues or redeems Choice Coins to keep the market price continuously aligned with the value of the underlying asset basket — no manual intervention required.
Core ProtocolCompliant cross-border value exchange — enabling international transactions without unnecessary fiat intermediation. Designed for the post-dollar world.
Licensed PlatformAI-driven supply chain platform supporting food security, long-term value investing, and coin market liquidity. A real-world bridge between the monetary and agricultural economies.
AI PlatformThe currency's backbone: a diversified basket of publicly traded value stocks selected using Benjamin Graham's intrinsic-value principles. Back-tested 1970–2025 including the COVID crash.
10–14% p.a. ReturnsProprietary legal frameworks enabling third-party operators to issue, redeem, and circulate Choice Coins within full regulatory compliance across multiple jurisdictions.
Fully CompliantChoice NV earns recurring revenue by licensing its technology stack to third-party operators globally — analogous to selling the infrastructure, not running the mine.
Recurring RevenueEvery generation loses ⅔ of its savings to inflation. Good Money is the alternative — backed by real companies, not government promises.
All regulatory filings, investor documents, and key publications — downloadable directly from this page, no external links required.
All documents are also available via our Linktree: linktr.ee/choice_nv
Statutory Belgian GAAP figures for Choice NV. Management voluntarily waived all remuneration for 2023, 2024 and 2025. FY2025 accounts were approved by the General Meeting of Shareholders on 23 June 2026.
| (€, Belgian GAAP) | FY 2023 | FY 2024 | FY 2025 APPROVED |
|---|---|---|---|
| INCOME STATEMENT | |||
| Turnover / Operating Revenue | — | 1,075,000 | 573,091 |
| Other Operating Income | — | — | — |
| Services & Diverse Goods | — | (377,775) | (82,829) |
| Remuneration, Social Charges & Pensions | — | — | — |
| Depreciation & Amortisation | (11,962) | (10,551) | (0) |
| Other Operating Charges | — | (150) | — |
| Operating Profit / (Loss) — EBIT | (169,735) | 686,674 | 490,262 |
| Non-recurring Financial Costs | (27,520) | (99,687) | (138) |
| Net Profit / (Loss) for the Period | (197,255) | 586,987 | 490,123 |
| BALANCE SHEET (KEY ITEMS) | |||
| Intangible Fixed Assets (R&D) | 708,523 | 708,523 | 708,523 |
| Financial Fixed Assets (Participations) | 68,354,539 | 68,354,539 | 68,354,539 |
| Current Assets (incl. receivables & cash) | 389,167 | 1,083,260 | 1,946 |
| Total Assets | 69,465,677 | 70,149,219 | 69,067,906 |
| Equity (incl. paid-in capital €66.7M) | 65,553,079 | 66,140,066 | 66,630,189 |
| Financial Liabilities (loans) | 3,187,972 | 3,308,044 | 2,304,632 |
| Total Equity & Liabilities | 69,465,678 | 70,149,219 | 69,067,906 |
⚠ FY2023 and FY2024 are approved statutory figures filed at the National Bank of Belgium (NBB), approved by the General Meeting on 24 June 2025. FY2025 figures are approved statutory figures (Belgian GAAP), unanimously approved by the General Meeting of Shareholders on 23 June 2026 — see the Notulen AV 23/06/2026 in the Official Documents section. The dominant balance sheet item — financial fixed assets of €68.35M — represents participations arising from the in-kind contribution at founding. Management waived all remuneration for 2023–2025. The Company does not currently have sufficient working capital to fund all planned activities without additional financing.
How the Good Money technology that Choice NV licenses is positioned within the applicable regulatory frameworks — explained with full regulatory context. Everything is built to work within, not around, the rules.
We've prepared a comprehensive legal analysis covering the regulatory status of Good Money / Choice Coin C² under the U.S. CLARITY Act, MiCA, the Belgian public offer exemptions, the GENIUS Act, and more — written in plain language with full regulatory citations.
In-depth pieces on monetary theory, Good Money's architecture, and the regulatory landscape shaping digital assets.
For questions about this announcement, or licensing and partnership matters — reach us directly.
This website is for information purposes only and does not constitute an offer, solicitation or prospectus. Choice NV pursues no public offer or capital raise. Investment in listed securities involves risk.