Equity
-€13,977
Debts exceed assets in financial year 2025.
GREAT MINDS
Lifetime
9 annual accounts with figures on one time axispeak €96,814 (2017)
-€5,707▲ €2,715
lowest -€18,829 (2023)
-€11,872▲ €3,984
peak €91,865 (2019)
-€13,977▼ €11,872
€77,424▲ 11.9%
Board1 name since 2021
-
Owners
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Gross margin from -€8,422 to -€5,707Loss of €11,872Equity from -€2,105 to -€13,977Cash from €7,845 to €10,202
Key points
from the 2025 annual accountsLosses
-€55,767 in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€77,424 122% of the balance sheet
Financial debts 18%Suppliers 27%Taxes and wages 12%Other 42%
Of this, €61,572 falls due within a year.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 8% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.4%▼ -0.1 percentage points vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.3%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 2.3%● unchanged vs 06-2025
08-2025: 3.0%▲ +0.7 percentage points vs 07-2025
09-2025: 3.3%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 3.1%▼ -0.2 percentage points vs 09-2025
11-2025: 3.0%▼ -0.1 percentage points vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 2.9%▼ -0.1 percentage points vs 02-2026
04-2026: 3.0%▲ +0.1 percentage points vs 03-2026
05-2026: 2.9%▼ -0.1 percentage points vs 04-2026
06-2026: 2.9%● unchanged vs 05-2026
07-2026: 2.5%▼ -0.4 percentage points vs 06-2026
08-2026: 2.6%▲ +0.1 percentage points vs 07-2026
09-2026: 2.7%▲ +0.1 percentage points vs 08-2026
10-2026: 2.6%▼ -0.1 percentage points vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€13,977
Loss of €11,872, the second in a row (financial year 2025)
2 of the last 3 accounts late
lowers risk
Size: total assets €63,447
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 95, micro). It does better than 12% of them on solvency, 14% on liquidity, 5% on profitability and 1% 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 moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as GREAT MINDS has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GREAT MINDS itself: 2.6% within 12 months.
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 6,008 companies, not a prediction for GREAT MINDS. 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 0.9 (1.21 in 2024), below 1. Short-term debt is 97% and cash 16.1% 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 riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,977
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
36 days early
2024
57 days late
2023
61 days late
2022
42 days early
2021
31 days late
2020
31 days late
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% 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 31 August (4 of the last 5 accounts filed within 67 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
Recent changes
Change of role: DESCHEEMAEKER Kevin Albert Gina, from manager to statutory director
Director discharge: DESCHEEMAEKER Kevin Albert Gina (statutory manager) · Gazette deed
Incorporation
published on 23-01-2017 · Gazette deed
First establishment
FIX ME Oudenaarde, Deinzestraat (O.) 24, Wortegem-Petegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GREAT MINDS Wortegem-Petegem | €63,447 | -€5,707 | -22.0% | - |
| MARPAT Koksijde | €58,758 | -€49,223 | -68.9% | - |
| Fadi Telecom Anderlecht | €51,984 | -€1,658 | 85.2% | - |
| Afghanistan Brussels | €49,521 | -€6,474 | -6.7% | - |
| SYNTEC Brussels | €97,677 | -€18,598 | -173.3% | - |
| FixForYou Rixensart | €100,834 | -€15,458 | 100.0% | - |
| JBLD Invest Holding Ostend | €89,463 | -€8,334 | 21.5% | - |
These companies have the same main activity as GREAT MINDS: repair and maintenance of computers and communication equipment (NACE 95100). They are comparable in size and age: total assets between €49,500 and €101,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 19-01-2017Normal situation
- Activity
- Repair and maintenance of computers and communication equipmentNACE 95100and 5 others
- Establishment unit
- 2.260.699.3219790 Wortegem-Petegem, since 19-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €63,447▼ 5.4%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on GREAT MINDS
GREAT MINDS files the micro format. That format states no turnover. The gross margin fell from €96,814 in 2017 to -€5,707 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 GREAT MINDS
- What is the company number of GREAT MINDS?
- The company number of GREAT MINDS is 0669.765.994. The VAT number is the same number with BE in front: BE 0669.765.994.
- Where is GREAT MINDS based?
- The registered office is at Deinzestraat (O.) 24, 9790 Wortegem-Petegem.Company details
- What does GREAT MINDS do?
- According to the KBO register, the main activity is repair and maintenance of computers and communication equipment (NACE 95100).
- What is the legal form of GREAT MINDS?
- GREAT MINDS is a private limited company (BV).
- When was GREAT MINDS founded?
- GREAT MINDS was founded on 19-01-2017.
- Is GREAT MINDS still active?
- Yes, GREAT MINDS is an active enterprise in the KBO register.
- What is the turnover of GREAT MINDS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is GREAT MINDS profitable?
- In financial year 2025, GREAT MINDS made a loss of €11,872.
- Where can I find the annual accounts of GREAT MINDS?
- GREAT MINDS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GREAT MINDS due?
- GREAT MINDS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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