GREAT MINDS
ActiveGREAT MINDS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2k) and a net result of €-16k. Equity is shrinking by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency22▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.21 against 1.25 in 2023; short-term debt: 68.5% and cash: 11.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-23.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
61 d late
2022
42 d early
2021
31 d late
2020
31 d late
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-2k
2023 · €14k
2018: €81k
2019: €92k
2020: €67k
2021: €63k
2022: €33k
2023: €14k
2018 → 2024
Total assets
€67k▲ 2.8%
2023 · €65k
2018: €154k
2019: €150k
2020: €116k
2021: €112k
2022: €101k
2023: €65k
2018 → 2024
Net result
€-16k▲ 15.8%
2023 · €-19k
2018: €5k
2019: €11k
2020: €9k
2021: €-4k
2022: €-6k
2023: €-19k
2018 → 2024
Working capital
€9k▼ 3.5%
2023 · €10k
2018: €55k
2019: €70k
2020: €48k
2021: €37k
2022: €27k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€67k-€63k▼ 5.3%€33k▼ 48.5%€14k▼ 57.8%€-2k
Operating result€11k-€-3k€-6k▼ 89.1%€-18k▼ 226%€-13k▲ 27.7%
Net result€9k-€-4k€-6k▼ 58.0%€-19k▼ 234%€-16k▲ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €18k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€12k▼ 25.5%
Current assets
€55k▲ 11.7%
Key figures and ratios
EBITDA
€-9k▲
2023 · €-14k
Cash flow
€-12k▲
2023 · €-15k
Solvency
-3.1%▼
2023 · 21.1%
Current ratio
1.21▼
2023 · 1.25
Quick ratio
1.10▲
2023 · 1.09
Debt / equity
-32.85▼
2023 · 3.74
ROA
-23.6%▲
2023 · -28.9%
Interest coverage
-3.59▲
2023 · -26.40
Debt
€69k▲
2023 · €51k
Debt ≤ 1 year
€46k▲
2023 · €40k
Debt > 1 year
€20k▲
2023 · €10k
Income taxes
€154▲
2023 · €154
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€65k€67k▲
Fixed assets21/28€16k€12k▼
Tangible fixed assets22/27€16k€12k▼
Land and buildings22€15k€11k▼
Plant, machinery and equipment23€600€264▼
Current assets29/58€50k€55k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€32k€43k▲
Trade receivables40€27k€35k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€65k€67k▲
Equity10/15€14k€-2k▼
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€-11k€-27k▼
Amounts payable17/49€51k€69k▲
Amounts payable after more than one year17€10k€20k▲
Financial debts170/4€10k€20k▲
Amounts payable within one year42/48€40k€46k▲
Current portion of amounts payable after more than one year42€3k€6k▲
Trade debts44€22k€19k▼
Suppliers440/4€22k€19k▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€7k€17k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€826€793▼
Gross operating margin9900€-13k€-8k▲
Operating profit (loss)9901€-18k€-13k▲
Financial income75/76B€109€62▼
Recurring financial income75€109€62▼
Financial charges65/66B€531€3k▲
Recurring financial charges65€531€3k▲
Profit (loss) for the period before taxes9903€-19k€-16k▲
Income taxes67/77€154€154▲
Profit (loss) for the period9904€-19k€-16k▲
Profit (loss) for the period to be appropriated9905€-19k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-27k▼
Profit (loss) brought forward from the previous period14P-€-11k
Transfer from equity791/2€8k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €11k ▲111%
Operating result €12k, net result €11k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wortegem-Petegem · 1 establishment unit since 2017
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.
Deinzestraat(O.) 249790 Wortegem-PetegemGround area
1,635 m²
Building footprint
135 m²
Parcel 45025C0720/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
FIX ME Oudenaarde
since 20172.260.699.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025C0720/00Y000 | Flanders | 1,634 m² | 1 · 135 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Technex Solutions
BE 0649.636.417
Balen · Eq €13k
SYNTEC
BE 0652.735.863
Brussel · Eq €14k
T.O.N.E.
BE 0477.386.191
Hechtel-Eksel · Eq €13k
DATA CABLING SERVICE
BE 0475.766.588
Wemmel · Eq €15k
Ready to Fix
BE 1014.463.612
Elsene · Eq €16k
Of 863 companies in sector 95100 we hold annual accounts for 265. 163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2017
Fiscal year end31-12
Activities, NACEBEL
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
47410Retail trade
47910Retail trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.