BUSINESS MIND.BE
ActiveFor BUSINESS MIND.BE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €422k and a net result of €59k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 322 sector peers (fiscal year 2023). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability70▼-10
Solvency55▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
30.3%
Return on assets
4.2%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline19-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-11-2024, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
110 d late
2022
119 d late
2021
82 d late
2020
30 d late
2019
143 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59k▼ 48.7%
2022 · €114k
2018: €59k
2019: €-5k
2020: €138k
2021: €20k
2022: €114k
2018 → 2023
Working capital
€-370k▼ 21.7%
2022 · €-304k
2018: €-159k
2019: €-198k
2020: €-174k
2021: €-809k
2022: €-304k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€91k-€229k▲ 151%€249k▲ 8.5%€363k▲ 45.9%€422k▲ 16.1%
Operating result€3k-€56k▲ 1,600%€2k▼ 96.6%€100k▲ 5,098%€102k▲ 2.4%
Net result€-5k-€138k€20k▼ 85.8%€114k▲ 485%€59k▼ 48.7%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 2% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.23M=
Current assets
€157k▲ 248%
Equity and liabilities €1.39M
Equity
€422k▲ 16.1%
Debt
€969k▲ 5.8%
The debt ratio falls from 71.6% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▲
2022 · €100k
Cash flow
€59k▼
2022 · €114k
Solvency
30.3%▲
2022 · 28.4%
Current ratio
0.30▲
2022 · 0.13
Quick ratio
0.30▲
2022 · 0.13
Debt / equity
2.30▼
2022 · 2.52
ROE
13.9%▼
2022 · 31.4%
ROA
4.2%▼
2022 · 8.9%
Interest coverage
5.55▼
2022 · 6.34
Debt
€969k▲
2022 · €916k
Debt ≤ 1 year
€527k▲
2022 · €349k
Debt > 1 year
€435k▼
2022 · €559k
Income taxes
€25k▼
2022 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.28M€1.39M▲
Fixed assets21/28€1.23M€1.23M=
Tangible fixed assets22/27€703€623▼
Furniture and vehicles24€703€623▼
Financial fixed assets28€1.23M€1.23M=
Current assets29/58€45k€157k▲
Amounts receivable within one year40/41€36k€157k▲
Trade receivables40€6k€126k▲
Other amounts receivable41€29k€31k▲
Cash at bank and in hand54/58€9k€13▼
Deferred charges and accrued income490/1€92€322▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.39M▲
Equity10/15€363k€422k▲
Contributions10/11€15k€15k=
Reserves13€348k€407k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€346k€405k▲
Profit (loss) carried forward14€69€165▲
Amounts payable17/49€916k€969k▲
Amounts payable after more than one year17€559k€435k▼
Financial debts170/4€115k€83k▼
Other amounts payable178/9€445k€352k▼
Amounts payable within one year42/48€349k€527k▲
Current portion of amounts payable after more than one year42€105k€117k▲
Trade debts44€16k€48k▲
Suppliers440/4€16k€48k▲
Taxes, remuneration and social security45€43k€68k▲
Taxes450/3€43k€68k▲
Other amounts payable47/48€185k€294k▲
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80€80=
Other operating charges640/8€5k€9k▲
Gross operating margin9900€105k€111k▲
Operating profit (loss)9901€100k€102k▲
Financial income75/76B€60k€1▼
Recurring financial income75€60k€1▼
Financial charges65/66B€16k€18k▲
Recurring financial charges65€16k€18k▲
Profit (loss) for the period before taxes9903€144k€84k▼
Income taxes67/77€30k€25k▼
Profit (loss) for the period9904€114k€59k▼
Profit (loss) for the period to be appropriated9905€114k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€59k▼
Profit (loss) brought forward from the previous period14P€76k€69▼
Transfer to equity691/2€190k€59k▼
To other reserves6921€190k€59k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 110 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 119 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 82 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €138k
Net result €138k after one loss-making year.
31-12
Financial
Equity above €200kEq €229k ▲151%
Equity rises from €91k to €229k.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 143 days late
2019
31-12
Financial
Weakest financial yearnet €-5k ▼108%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 142 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Mouettes(TOU) 167500 TournaiGround area
2,617 m²
Building footprint
940 m²
Volume, LiDAR
4,504 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Banterlez 39, 1470 Genappe
since 20022.094.720.740
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0175/00F003 | Wallonia | 1,808 m² | 1 · 823 m² | 7.0 m · 1 fl. |
| 25003M0063/00F000 | Wallonia | 808 m² | 1 · 118 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AMB
BE 0425.791.297
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TRIVEC SYSTEMS BELGIUM
BE 0897.334.231
Turnhout · Eq €409k
Vandendriessche Electronics & Engineering
BE 0440.156.009
Kortenberg · Eq €494k
EUROPLAN
BE 0418.964.081
Genk · Eq €292k
BUMICO
BE 0424.469.129
Hove · Eq €661k
Of 30 companies in sector 28230 we hold annual accounts for 27. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2002
Fiscal year end31-12
Abbreviation FR
BM.BE
Activities, NACEBEL
28230Manufacture of machinery and equipment not elsewhere classified
30010
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.