BINARY MIND
ActiveSummary
BINARY MIND has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,868 and a net result of €10,052. Equity is growing by about 5.9% per year across the filed financial years. Its solvency ranks better than 61% of 21,070 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €171,868
- Profit
- €10,052
Why 93lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €247,349Equity €171,868 (69.5% of total assets)Founded in 2007Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 62% on solvency, 40% on liquidity, 18% on profitability and 49% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 55 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00428260.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 107% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €3,167 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,615 | €14,893 | €14,509 | €7,259 | €6,972 | €9,256 | €9,666 | €8,555 | ▼ 11.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €21,184 | €2,869 | ▼ 86.5% |
| Other operating charges640/8 | - | - | - | €1,460 | €4,533 | €1,073 | €1,638 | €1,387 | ▼ 15.3% |
| Gross operating margin9900 | €41,433 | €26,385 | €73,706 | €48,753 | €20,420 | €59,914 | €53,297 | €55,858 | ▲ 4.8% |
| Operating profit (loss)9901 | €24,691 | €10,480 | €58,522 | €40,034 | €8,915 | €49,585 | €20,809 | €43,047 | ▲ 107% |
| Financial income75/76B | - | - | - | €1,596 | €2,295 | €0 | €1 | €15 | ▲ 19× |
| Recurring financial income75 | - | - | - | €1,596 | €2,295 | €0 | €1 | €15 | ▲ 19× |
| Financial charges65/66B | - | - | - | €3,987 | €4,318 | €3,452 | €3,517 | €28,338 | ▲ 706% |
| Recurring financial charges65 | €4,414 | €4,051 | €3,674 | €3,987 | €4,318 | €3,452 | €3,517 | €28,338 | ▲ 706% |
| Profit (loss) for the period before taxes9903 | €20,278 | €6,429 | €54,848 | €37,644 | €6,892 | €46,133 | €17,293 | €14,724 | ▼ 14.9% |
| Income taxes67/77 | €6,631 | €2,997 | €15,983 | €11,349 | €3,087 | €13,127 | €5,576 | €4,673 | ▼ 16.2% |
| Profit (loss) for the period9904 | €13,647 | €3,432 | €38,865 | €26,295 | €3,805 | €33,005 | €11,717 | €10,052 | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €13,647 | €3,432 | €38,865 | €26,295 | €3,805 | €33,005 | €11,717 | €10,052 | ▼ 14.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €254,040 | €225,363 | €268,273 | €299,107 | €250,634 | €241,109 | €246,037 | €247,349 | ▲ 0.5% |
| Fixed assets21/28 | €179,725 | €168,528 | €158,012 | €152,368 | €145,396 | €168,964 | €159,298 | €150,743 | ▼ 5.4% |
| Tangible fixed assets22/27 | €179,715 | €168,518 | €158,002 | €152,358 | €145,386 | €168,954 | €159,288 | €150,733 | ▼ 5.4% |
| Land and buildings22 | - | - | - | €81,324 | €80,587 | €79,849 | €79,112 | €78,375 | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €5,236 | €2,803 | €1,111 | €0 | €0 | = |
| Furniture and vehicles24 | - | - | - | €317 | €149 | €29,780 | €25,596 | €21,411 | ▼ 16.3% |
| Assets under construction and advance payments27 | - | - | - | €65,480 | €61,847 | €58,213 | €54,580 | €50,947 | ▼ 6.7% |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €74,316 | €56,835 | €110,260 | €146,739 | €105,239 | €72,144 | €86,739 | €96,606 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €45,121 | €33,773 | €44,614 | €69,841 | €52,444 | €33,375 | €29,121 | €41,217 | ▲ 41.5% |
| Trade receivables40 | - | - | - | €17,706 | €21,694 | €28,951 | €24,471 | €30,474 | ▲ 24.5% |
| Other amounts receivable41 | - | - | - | €52,135 | €30,750 | €4,425 | €4,650 | €10,743 | ▲ 131% |
| Current investments50/53 | - | - | €18,747 | €18,747 | €18,747 | €18,747 | €18,747 | €38,950 | ▲ 108% |
| Cash at bank and in hand54/58 | €28,717 | €22,242 | €44,927 | €57,333 | €32,906 | €17,647 | €36,649 | €15,455 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | - | - | - | €819 | €1,142 | €2,375 | €2,223 | €984 | ▼ 55.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €254,040 | €225,363 | €268,273 | €299,107 | €250,634 | €241,109 | €246,037 | €247,349 | ▲ 0.5% |
| Equity10/15 | €106,434 | €109,866 | €148,731 | €175,026 | €147,085 | €167,178 | €165,249 | €171,868 | ▲ 4.0% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €8,360 | €8,360 | €8,360 | = |
| Capital10 | - | - | - | €6,500 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,100 | - | - | - | - | - |
| Reserves13 | €82,323 | €85,755 | €124,621 | €150,916 | €140,585 | €158,818 | €156,889 | €163,508 | ▲ 4.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €149,056 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | - | €119,975 | €140,068 | €138,139 | €144,758 | ▲ 4.8% |
| Profit (loss) carried forward14 | €17,611 | €17,611 | €17,611 | €17,611 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €21,184 | €24,053 | ▲ 13.5% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €21,184 | €24,053 | ▲ 13.5% |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €21,184 | €24,053 | ▲ 13.5% |
| Amounts payable17/49 | €147,607 | €115,497 | €119,542 | €124,081 | €103,549 | €73,931 | €59,605 | €51,428 | ▼ 13.7% |
| Amounts payable after more than one year17 | €105,321 | €89,823 | €89,823 | €65,289 | €55,118 | €43,997 | €33,461 | €29,350 | ▼ 12.3% |
| Financial debts170/4 | - | - | - | €65,289 | €55,118 | €43,997 | €33,461 | €29,350 | ▼ 12.3% |
| Amounts payable within one year42/48 | €42,286 | €25,674 | €29,719 | €44,934 | €30,042 | €29,934 | €26,144 | €22,078 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,170 | €10,170 | €10,808 | €10,536 | €4,111 | ▼ 61.0% |
| Financial debts43 | - | - | - | - | €1,140 | €204 | €175 | €149 | ▼ 14.9% |
| Credit institutions430/8 | - | - | - | - | €1,140 | €204 | €175 | €149 | ▼ 14.9% |
| Trade debts44 | €6,430 | €52 | €2,864 | €6,931 | €1,944 | €2,098 | €5,155 | €439 | ▼ 91.5% |
| Suppliers440/4 | - | - | - | €6,931 | €1,944 | €2,098 | €5,155 | €439 | ▼ 91.5% |
| Taxes, remuneration and social security45 | - | - | - | €27,833 | €16,788 | €13,434 | €10,278 | €13,946 | ▲ 35.7% |
| Taxes450/3 | - | - | - | €27,782 | €16,788 | €11,076 | €10,278 | €13,946 | ▲ 35.7% |
| Remuneration and social security454/9 | - | - | - | €50 | €0 | €2,358 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €3,389 | €0 | €3,432 | - |
| Accrued charges and deferred income492/3 | - | - | - | €13,858 | €18,389 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,647 | €3,432 | €38,865 | €26,295 | €3,805 | €33,005 | €11,717 | €10,052 | ▼ 14.2% |
| + Depreciation and write-downs630 | €15,615 | €14,893 | €14,509 | €7,259 | €6,972 | €9,256 | €9,666 | €8,555 | ▼ 11.5% |
| Operating cash flow (approximation) | €29,262 | €18,326 | €53,375 | €33,554 | €10,777 | €42,261 | €21,383 | €18,607 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€3,697 | -€3,994 | -€1,614 | -€0 | -€32,825 | €0 | €0 | - |
| Change in cash | - | -€6,474 | €22,685 | €12,405 | -€24,427 | -€15,258 | €19,001 | -€21,193 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00428260 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00418810 |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00277085 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390086 |
| 31-12-2021 | micro format | 30-11-2022 | 2022-20534129 |
| 31-12-2020 | micro format | 30-11-2021 | 2021-79200141 |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57900161 |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34000082 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-57800524 |
| 31-12-2016 | micro format | 28-08-2017 | 2017-57200527 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Koulouris Stefan |
|
Owners and capital
Capital and shareholders
- Koulouris Stefan all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-01-2024 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 1 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
15-01
Gazette deed
Resignation: Koulouris Stefan (manager)Appointment: Koulouris Stefan (director) · Director discharge · Power of attorney15 facts ▸
- Director resignation, Koulouris Stefan (manager)
- Director discharge, Koulouris Stefan
- Director appointment, Koulouris Stefan (director)
- Other provision, “verklaring bestuursverbod, niet getroffen door enige verbodsbepaling voor bestuursmandaat” (deed in Dutch)
- Other provision, 13-12-2023
- Power of attorney
- Power of attorney, Pierre De Brabander
- Registered office clause, “9180 Moerbeke-Waas,Spelonckvaart 5/C, vermelding zetel in statuten beperkt tot gewest” (deed in Dutch)
- General meeting, 21-12-2023
- Shareholding, 01-08-2011
- Other provision, “vennootschapsdossier”, 01-08-2011 (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44045C0976/00M000 | Flanders | 1,082 m² | 1 · 180 m² | 6.4 m · 1 |
| 44045D0781/00M000 | Flanders | 463 m² | 1 · 74 m² | 11.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BINARY MIND
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Gemeen akkoord, rechten waarop overdracht slaat” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid van aantal aandelen, e-mail” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle machten artikel 2:87 WVV zonder bijzondere machtiging, algemene vergadering” (deed in Dutch)