EqualMinds
ActiveSummary
EqualMinds has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €430,453 and a net result of -€25,168. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 1431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+6
Solvency84▲+1
Growth54=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.36 in 2024; short-term debt: 41.1% and cash: 1.1% of total assets), and 41.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€25,168
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
24 d early
2023
14 d late
2022
7 d late
2021
5 d late
2020
26 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, full schema
Turnover
€2.6m▲ 5.4%
2024 · €2.4m
EBIT margin
-0.4%▲ 1.9pp
2024 · -2.3%
Net result
-€25,168▲ 60.9%
2024 · -€64,429
Working capital
€424,923▼ 5.5%
2024 · €449,627
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.7m▲ 15.8%€2.4m▼ 12.3%€2.6m▲ 7.1%€2.4m▼ 5.1%€2.6m▲ 5.4%
Operating result€262,938▲ 262%€111,351▼ 57.7%€134,110▲ 20.4%-€55,106-€10,477▲ 81.0%
Net result€169,864▲ 240%€72,218▼ 57.5%€90,162▲ 24.8%-€64,429-€25,168▲ 60.9%
EBIT margin9.7%▲ 6.6pp4.7%▼ 5.0pp5.3%▲ 0.6pp-2.3%▼ 7.5pp-0.4%▲ 1.9pp
Equity€357,671▲ 90.4%€429,889▲ 20.2%€520,051▲ 21.0%€455,621▼ 12.4%€430,453▼ 5.5%
Total assets€771,832▲ 3.2%€783,581▲ 1.5%€897,567▲ 14.5%€788,394▼ 12.2%€733,223▼ 7.0%
Debt€413,416▼ 26.0%€353,692▼ 14.4%€376,720▲ 6.5%€331,568▼ 12.0%€301,067▼ 9.2%
Working capital€361,833▲ 181%€392,423▲ 8.5%€499,253▲ 27.2%€449,627▼ 9.9%€424,923▼ 5.5%
Staff (FTE)7.6▼ 12.6%6.8▼ 10.5%8▲ 17.6%8=9▲ 12.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,477 in 2025 against €55,106 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €733,223
Fixed assets
€7,233 ▲ 0.5%
Current assets
€725,990 ▼ 7.1%
Equity and liabilities €733,223
Equity
€430,453 ▼ 5.5%
Provisions
€1,703 ▲ 41.4%
Debt
€301,067 ▼ 9.2%
Debt's share of the balance-sheet total falls from 42.1% to 41.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,621▲
2024 · -€35,954
Cash flow
-€21,313▲
2024 · -€45,277
Current ratio
2.41▲
2024 · 2.36
Debt to equity
0.70▼
2024 · 0.73
ROE
-5.8%▲
2024 · -14.1%
ROA
-3.4%▲
2024 · -8.2%
Interest coverage
-0.38▲
2024 · -2.42
Debt ≤ 1 year
€301,067▼
2024 · €331,568
Income taxes
€1,777▼
2024 · €2,519
Staff costs
€820,590▲
2024 · €738,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.7m | €2.4m | €2.6m | €2.4m | €2.6m | ▲ 5.4% |
| Non-recurring operating income76A | - | - | €50 | €19,260 | €50 | ▼ 99.7% |
| Goods, raw materials, services and sundry goods60/61 | €1.9m | €1.7m | €1.8m | €1.8m | €1.8m | ▲ 0.1% |
| Remuneration, social security and pensions62 | €580,963 | €578,060 | €657,847 | €738,183 | €820,590 | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,332 | €17,709 | €18,524 | €19,153 | €3,855 | ▼ 79.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€745 | €797 | -€797 | €499 | ▲ 163% |
| Other operating charges640/8 | €2,352 | €2,793 | €3,246 | €3,776 | €3,864 | ▲ 2.3% |
| Gross operating margin9900 | €863,585 | €709,168 | €814,523 | €705,209 | €818,331 | ▲ 16.0% |
| Operating profit (loss)9901 | €262,938 | €111,351 | €134,110 | -€55,106 | -€10,477 | ▲ 81.0% |
| Financial income75/76B | €201 | €452 | €4,796 | €8,026 | €4,518 | ▼ 43.7% |
| Recurring financial income75 | €201 | €452 | €4,796 | €8,026 | €4,518 | ▼ 43.7% |
| Financial charges65/66B | €6,703 | €6,635 | €9,436 | €14,830 | €17,433 | ▲ 17.6% |
| Recurring financial charges65 | €6,703 | €6,635 | €9,436 | €14,830 | €17,433 | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | €256,436 | €105,167 | €129,470 | -€61,910 | -€23,392 | ▲ 62.2% |
| Income taxes67/77 | €86,572 | €32,949 | €39,308 | €2,519 | €1,777 | ▼ 29.5% |
| Profit (loss) for the period9904 | €169,864 | €72,218 | €90,162 | -€64,429 | -€25,168 | ▲ 60.9% |
| Profit (loss) for the period to be appropriated9905 | €169,864 | €72,218 | €90,162 | -€64,429 | -€25,168 | ▲ 60.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €771,832 | €783,581 | €897,567 | €788,394 | €733,223 | ▼ 7.0% |
| Fixed assets21/28 | €45,654 | €37,466 | €21,594 | €7,199 | €7,233 | ▲ 0.5% |
| Intangible fixed assets21 | €41,940 | €27,960 | €13,980 | - | - | - |
| Tangible fixed assets22/27 | €3,714 | €9,506 | €7,614 | €7,199 | €7,233 | ▲ 0.5% |
| Plant, machinery and equipment23 | €3,714 | €9,506 | €7,614 | €7,199 | €7,233 | ▲ 0.5% |
| Current assets29/58 | €726,177 | €746,116 | €875,973 | €781,195 | €725,990 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €710,829 | €729,318 | €851,956 | €765,247 | €710,203 | ▼ 7.2% |
| Trade receivables40 | €437,594 | €439,964 | €487,350 | €442,575 | €314,875 | ▼ 28.9% |
| Other amounts receivable41 | €273,235 | €289,354 | €364,606 | €322,673 | €395,327 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €10,801 | €9,117 | €15,254 | €7,009 | €7,730 | ▲ 10.3% |
| Deferred charges and accrued income490/1 | €4,547 | €7,680 | €8,762 | €8,939 | €8,057 | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €771,832 | €783,581 | €897,567 | €788,394 | €733,223 | ▼ 7.0% |
| Equity10/15 | €357,671 | €429,889 | €520,051 | €455,621 | €430,453 | ▼ 5.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €294,800 | €367,800 | €457,800 | €393,600 | €367,600 | ▼ 6.6% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €288,600 | €361,600 | €451,600 | €387,400 | €361,400 | ▼ 6.7% |
| Profit (loss) carried forward14 | €871 | €89 | €251 | €21 | €853 | ▲ 3,890% |
| Provisions and deferred taxes16 | €745 | - | €797 | €1,205 | €1,703 | ▲ 41.4% |
| Provisions for liabilities and charges160/5 | €745 | - | €797 | €1,205 | €1,703 | ▲ 41.4% |
| Pensions and similar obligations160 | - | - | €797 | €1,205 | €1,703 | ▲ 41.4% |
| Environmental obligations163 | €745 | - | - | - | - | - |
| Amounts payable17/49 | €413,416 | €353,692 | €376,720 | €331,568 | €301,067 | ▼ 9.2% |
| Amounts payable within one year42/48 | €364,344 | €353,692 | €376,720 | €331,568 | €301,067 | ▼ 9.2% |
| Trade debts44 | €222,355 | €242,070 | €235,473 | €232,026 | €201,822 | ▼ 13.0% |
| Suppliers440/4 | €222,355 | €242,070 | €235,473 | €232,026 | €201,822 | ▼ 13.0% |
| Taxes, remuneration and social security45 | €141,990 | €111,623 | €141,246 | €99,542 | €99,245 | ▼ 0.3% |
| Taxes450/3 | €77,000 | €43,293 | €58,601 | €19,242 | €12,631 | ▼ 34.4% |
| Remuneration and social security454/9 | €64,990 | €68,329 | €82,645 | €80,300 | €86,614 | ▲ 7.9% |
| Accrued charges and deferred income492/3 | €49,072 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,864 | €72,218 | €90,162 | -€64,429 | -€25,168 | ▲ 60.9% |
| + Depreciation and write-downs630 | €17,332 | €17,709 | €18,524 | €19,153 | €3,855 | ▼ 79.9% |
| Operating cash flow (approximation) | €187,196 | €89,928 | €108,685 | -€45,277 | -€21,313 | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | -€9,520 | -€2,652 | -€4,757 | -€3,889 | ▲ 18.3% |
| Change in cash | - | -€1,684 | €6,137 | -€8,245 | €721 | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€64,429
Net result drops to -€64,429, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Equity above €500,000Eq €520,051 ▲21%
6 profitable years in a row build equity to €520,051.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Highest result since 2018net €169,864 ▲240%
Operating result €262,938, net result €169,864, both a record.
31-12
Financial
Equity above €200,000Eq €357,671 ▲90.4%
4 profitable years in a row build equity to €357,671.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €187,807 ▲36.3%
3 profitable years in a row build equity to €187,807.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Edegem · 1 establishment unit since 2005
Ground area
1.5 ha
Building footprint
2,170 m²
Volume, LiDAR
22,610 m³
Parcel 11472C0421/00F000, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Prins Boudewijnlaan 43, 2650 Edegem
since 20052.147.520.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0421/00F000 | Flanders | 1.5 ha | 1 · 2,170 m² | 15.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 5,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.