Equity
-€223,799
Debts exceed assets in financial year 2025.
FRESHMINDS
Lifetime
4 annual accounts with figures on one time axispeak €757,493 (2024)
€529,677▼ 30.1%
lowest -€220,027 (2023)
€80,836▲ €114,602
peak -€50,841 (2022)
-€223,799▲ €80,836
€382,250▼ 18.1%
Board2 names since 2022
1 directorFreshMinds Group B.V.
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €757,493 to €529,677Back to profit: €80,836Equity from -€304,634 to -€223,799Debts from €466,895 to €382,250Cash from €26,723 to €55,548
Key points
from the 2025 annual accountsResult
€80,836 €80,836
Back in profit in 2025, after a loss of €33,766 in 2024.
Debts
€382,250 241% of the balance sheet
Suppliers 3%Taxes and wages 16%Other 82%
Of this, €370,538 falls due within a year.
Staff
4 employees on 31-12-2025
In 2025, nobody joined and 3 people left.
At the same address
132 companies
Position in the sector
-141.2%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
2025 accounts filed 29 days after the deadline
Checked score
55
Fair
Financially stronger than 44% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.6%● unchanged vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.5%▼ -0.1 percentage points vs 02-2025
04-2025: 3.5%● unchanged vs 03-2025
05-2025: 3.5%● unchanged vs 04-2025
06-2025: 3.4%▼ -0.1 percentage points vs 05-2025
07-2025: 3.4%● unchanged vs 06-2025
08-2025: 4.4%▲ +1.0 percentage point vs 07-2025highest value
09-2025: 3.7%▼ -0.7 percentage points vs 08-2025
10-2025: 3.7%● unchanged vs 09-2025
11-2025: 3.7%● unchanged vs 10-2025
12-2025: 3.7%● unchanged vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 1.4%▼ -2.3 percentage points vs 01-2026
03-2026: 1.2%▼ -0.2 percentage points vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.6 percentage points vs 07-2026
09-2026: 0.2%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€223,799
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €158,451
Liquidity: current ratio 0.43, cash €55,548
Calculation
The band follows from the bankruptcy probability. 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). It does better than 3% of them on solvency, 19% on liquidity, 82% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as FRESHMINDS has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRESHMINDS itself is lower: 0.2% within 12 months. It rests on far more data about FRESHMINDS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for FRESHMINDS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.43 (0.34 in 2024), below 1. Short-term debt is 233.9% and cash 35.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
29 days late
2024
27 days late
2023
29 days late
2022
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 36 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
FG
FreshMinds Group B.V.
Director
- Fresh People Group B.V. 100 sharesdeed of 14-07-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0788509535
Registered office moved within Ghent
New registered office: Oktrooiplein 1 bus 201, 9000 Gent · Previous registered office: Ottergemsesteenweg-Zuid 808 bus 300, 9000 Gent · Gazette deed
Registered office moved from Antwerp to Ghent
New registered office: Ottergemsesteenweg Zuid 808 b300, 9000 Gent · Previous registered office: Noorderplaats 9, 2000 Antwerpen · General meeting of 01-10-2023 · Gazette deed
Incorporation
Founding capital of €20,000, 100 shares · Founder: Fresh People Group B.V. (comparant) · Appointment: Fresh People Group B.V. (statutory director) · published on 14-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRESHMINDS Ghent | - | - | -141.2% | - |
| Keleos Kontich | €0.8m | 3.1% | 25.8% | 5 |
| DO IT FAST Chaumont-Gistoux | - | - | 14.9% | - |
| Nemeon Kontich | €1.2m | -19.7% | -188.9% | 9.1 |
| Humain Kontich | €0.8m | 28.1% | -105.6% | 5.1 |
| SCALEADGENCY Awans | - | - | -43.4% | - |
| UNIGEN Steenokkerzeel | - | - | 19.6% | - |
These companies have the same main activity as FRESHMINDS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €127,000 and €236,000, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 12-07-2022Normal situation
- Registered office
- 133 active companies are registered at this address21 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.335.469.1969000 Ghent, since 12-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Annual accounts 2025
- ≈ €1.4mestimated
- €158,451▼ 2.3%
- Employeeson 31-12-2025
- 4▼ 42.9%
- Filing
- Filed on 29-08-2026
Insights on FRESHMINDS
FRESHMINDS files the micro format. That format states no turnover. The gross margin rose from -€70,742 in 2022 to €529,677 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRESHMINDS
- What is the company number of FRESHMINDS?
- The company number of FRESHMINDS is 0788.509.535. The VAT number is the same number with BE in front: BE 0788.509.535.
- Where is FRESHMINDS based?
- The registered office is at Oktrooiplein 1, 9000 Ghent.Company details
- What does FRESHMINDS do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of FRESHMINDS?
- FRESHMINDS is a private limited company (BV).
- When was FRESHMINDS founded?
- FRESHMINDS was founded on 12-07-2022.
- Is FRESHMINDS still active?
- Yes, FRESHMINDS is an active enterprise in the KBO register.
- How many employees does FRESHMINDS have?
- FRESHMINDS had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FRESHMINDS?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €529,677 and 133 comparable companies (NACE 62200). It probably lies between €960,000 and €2.2m.
- Is FRESHMINDS profitable?
- In financial year 2025, FRESHMINDS made a profit of €80,836.
- Where can I find the annual accounts of FRESHMINDS?
- FRESHMINDS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRESHMINDS due?
- FRESHMINDS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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