EqualMinds
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
EqualMinds has been active since 2005 and the Belgian Official 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 about 15% per year across the filed financial years. Its solvency ranks better than 71% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
KBO- Status
- Active since 20-04-2005 Normal situation
- Legal form
- Public limited company
- Registered office
- Prins Boudewijnlaan 43, 2650 Edegem
- Activity
- Computer programming NACE 62100and 1 other
- Establishment unit
- 2.147.520.315 2650 Edegem, since 22-06-2005
- Financial year end
- 31 December
- Peppol
- Reachable
Who decides
- De Cronos Groep NADirector · since 17-06-2023
- De Cronos Groep NVDirector · since 17-06-2023
- Auditor
- KPMG Bedrijfsrevisoren CVBA
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €2.6m
- ▲ 5.4%
- Loss
- €25,168
- ▼ 60.9%
- Equity
- €430,453
- ▼ 5.5%
- Total assets
- €733,223
- ▼ 7.0%
- Staff
- 9 FTE
- ▲ 12.5%
Why 81raises riskSize: turnover €2.6m, 9 FTE, total assets €733,223Liquidity: current ratio 2.41, cash €7,730Loss of €25,168, the second in a row (financial year 2025)lowers riskEquity €430,453 (58.7% of total assets)Show the evidence
Checked score
About 4 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 51% on solvency, 12% on liquidity, 14% on profitability and 47% on growth.
The bankruptcy probability was computed on 31-10-2026 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 3 days before 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)
Financials · financial year 2025, full format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438030.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 24-08-2026
- Format
- full format
- Reference
- 2026-00438030
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €10,477 in 2025 against €55,106 in 2024; the loss shrinks.
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.
Average staff in full-time equivalents (FTE).
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), Staff (FTE).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 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 12,322 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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | €1.5m | €2.3m | €2.7m | €2.4m | €2.6m | €2.4m | €2.6m | ▲ 5.4% |
| Non-recurring operating income76A | - | - | - | - | - | €50 | €0.02m | €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 | - | - | - | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.002m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.004m | ▼ 79.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.001m | €0.001m | -€0.001m | €499 | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.003m | €0.003m | €0.004m | €0.004m | ▲ 2.3% |
| Gross operating margin9900 | €0.7m | €0.5m | €0.7m | €0.9m | €0.7m | €0.8m | €0.7m | €0.8m | ▲ 16.0% |
| Operating profit (loss)9901 | €0.2m | €0.08m | €0.07m | €0.3m | €0.1m | €0.1m | -€0.06m | -€0.01m | ▲ 81.0% |
| Financial income75/76B | - | - | - | €201 | €452 | €0.005m | €0.008m | €0.005m | ▼ 43.7% |
| Recurring financial income75 | €200 | €457 | €0 | €201 | €452 | €0.005m | €0.008m | €0.005m | ▼ 43.7% |
| Financial charges65/66B | - | - | - | €0.007m | €0.007m | €0.009m | €0.01m | €0.02m | ▲ 17.6% |
| Recurring financial charges65 | €0.005m | €0.005m | €0.009m | €0.007m | €0.007m | €0.009m | €0.01m | €0.02m | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.07m | €0.06m | €0.3m | €0.1m | €0.1m | -€0.06m | -€0.02m | ▲ 62.2% |
| Income taxes67/77 | €0.07m | €0.03m | €0.01m | €0.09m | €0.03m | €0.04m | €0.003m | €0.002m | ▼ 29.5% |
| Profit (loss) for the period9904 | €0.1m | €0.04m | €0.05m | €0.2m | €0.07m | €0.09m | -€0.06m | -€0.03m | ▲ 60.9% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.04m | €0.05m | €0.2m | €0.07m | €0.09m | -€0.06m | -€0.03m | ▲ 60.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €603,461 | €704,888 | €747,559 | €771,832 | €783,581 | €897,567 | €788,394 | €733,223 | ▼ 7.0% |
| Fixed assets21/28 | €3,917 | €3,688 | €59,806 | €45,654 | €37,466 | €21,594 | €7,199 | €7,233 | ▲ 0.5% |
| Intangible fixed assets21 | - | - | €55,920 | €41,940 | €27,960 | €13,980 | - | - | - |
| Tangible fixed assets22/27 | €3,917 | €3,688 | €3,886 | €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 | €599,544 | €701,201 | €687,754 | €726,177 | €746,116 | €875,973 | €781,195 | €725,990 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €571,270 | €683,744 | €674,344 | €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 | €23,942 | €12,193 | €9,646 | €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 | €603,461 | €704,888 | €747,559 | €771,832 | €783,581 | €897,567 | €788,394 | €733,223 | ▼ 7.0% |
| Equity10/15 | €288,939 | €137,804 | €187,807 | €357,671 | €429,889 | €520,051 | €455,621 | €430,453 | ▼ 5.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €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 | €226,500 | €75,800 | €125,800 | €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 | €439 | €4 | €7 | €871 | €89 | €251 | €21 | €853 | ▲ 40× |
| Provisions and deferred taxes16 | €745 | €745 | €745 | €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 | €313,777 | €566,340 | €559,008 | €413,416 | €353,692 | €376,720 | €331,568 | €301,067 | ▼ 9.2% |
| Amounts payable within one year42/48 | €313,777 | €566,340 | €559,008 | €364,344 | €353,692 | €376,720 | €331,568 | €301,067 | ▼ 9.2% |
| Trade debts44 | €171,227 | €219,675 | €427,685 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,039 | €44,065 | €50,003 | €169,864 | €72,218 | €90,162 | -€64,429 | -€25,168 | ▲ 60.9% |
| + Depreciation and write-downs630 | €2,822 | €1,844 | €18,715 | €17,332 | €17,709 | €18,524 | €19,153 | €3,855 | ▼ 79.9% |
| Operating cash flow (approximation) | €134,861 | €45,910 | €68,718 | €187,196 | €89,928 | €108,685 | -€45,277 | -€21,313 | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | -€1,615 | -€74,833 | -€3,181 | -€9,520 | -€2,652 | -€4,757 | -€3,889 | ▲ 18.3% |
| Change in cash | - | -€11,749 | -€2,547 | €1,154 | -€1,684 | €6,137 | -€8,245 | €721 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-08-2026 | 2026-00438030 | NBB |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00250172 | |
| 31-12-2023 | abbreviated format | 14-08-2024 | 2024-00353282 | |
| 31-12-2022 | abbreviated format | 07-08-2023 | 2023-00317545 | |
| 31-12-2021 | abbreviated format | 05-08-2022 | 2022-20277687 | |
| 31-12-2020 | abbreviated format | 05-07-2021 | 2021-31300356 | |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-28400207 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22500401 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-37100556 | |
| 31-12-2016 | full format | 03-07-2017 | 2017-28300124 |
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
Board 2
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| De Cronos Groep NA |
|
| De Cronos Groep NV |
|
| KPMG Bedrijfsrevisoren CVBA |
|
Owners and capital
Owners
1 ownerChain of control
- Nuclys
- De Cronos Groep
- Fieldside
- CONTRIBUTE
- EqualMinds
Owners 1
-
96%
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
07-03
Gazette deed
Reappointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor)Permanent representatives: Josephus de Wit, Dirk Deroost and 2 others9 facts ▸
- General meeting, 16-06-2023 (2 times)
- Other provision, “expiry of auditor mandate by operation of law, jaarvergadering van 2023” (deed in Dutch)
- Auditor reappointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
- Director in office, De Cronos Groep NV (director)
- Permanent representative, Josephus de Wit
- Permanent representative, Dirk Deroost
- Board meeting, 23-10-2023
- Permanent representative, Gwen Cleirbaut (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Filip De Bock (vaste vertegenwoordiger van de commissaris)
05-12
Gazette deed
Permanent representatives: Gwen Cleirbaut, Filip De Bock and Josephus de Wit6 facts ▸
- Board meeting, 23-10-2023
- Other provision, “commissaris, commissaris” (deed in Dutch)
- Permanent representative, Gwen Cleirbaut (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Filip De Bock (vaste vertegenwoordiger van de commissaris)
- Director in office, De Cronos Groep NA (director)
- Permanent representative, Josephus de Wit
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11472C0421/00F000 | Flanders | 1.5 ha | 1 · 2,170 m² | 15.6 m · 3 |