Independent Minds
ActiveIndependent Minds has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-3k. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-24
Solvency91=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 2.87 in 2024; short-term debt: 34.2% of total assets), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 · 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 2025Solvency, return and age of the figures
Solvency
65.8%
Return on assets
-8.6%
Age of the figures
9 mo
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 €-3k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
34 d early
2022
31 d early
2021
25 d early
2020
38 d early
2019
38 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 11.5%
2024 · €30k
2018: €-18k
2019: €-6k
2020: €13k
2021: €23k
2022: €32k
2023: €33k
2024: €30k
2018 → 2025
Total assets
€40k▼ 10.7%
2024 · €44k
2018: €5k
2019: €12k
2020: €17k
2021: €43k
2022: €57k
2023: €55k
2024: €44k
2018 → 2025
Net result
€-3k▲ 1.9%
2024 · €-3k
2018: €-20k
2019: €12k
2020: €19k
2021: €10k
2022: €10k
2023: €775
2024: €-3k
2018 → 2025
Working capital
€26k▼ 4.8%
2024 · €27k
2018: €-18k
2019: €-6k
2020: €12k
2021: €16k
2022: €27k
2023: €28k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€32k▲ 42.6%€33k▲ 2.4%€30k▼ 10.5%€26k▼ 11.5%
Operating result€13k-€14k▲ 12.4%€2k▼ 86.4%€-3k€-2k▲ 7.8%
Net result€10k-€10k▼ 0.9%€775▼ 92.0%€-3k€-3k▲ 1.9%
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 €2k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€567▼ 82.5%
Current assets
€39k▼ 5.0%
Equity and liabilities €40k
Equity
€26k▼ 11.5%
Debt
€14k▼ 9.0%
The debt ratio rises from 33.5% to 34.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €2k
Cash flow
€-3k▼
2024 · €2k
Solvency
65.8%▼
2024 · 66.5%
Current ratio
2.88▲
2024 · 2.87
Quick ratio
2.88▲
2024 · 2.87
Debt / equity
0.52▲
2024 · 0.50
ROE
-13.0%▼
2024 · -11.8%
ROA
-8.6%▼
2024 · -7.8%
Interest coverage
-2.19▼
2024 · 2.75
Debt
€14k▼
2024 · €15k
Debt ≤ 1 year
€14k▼
2024 · €14k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€44k€40k▼
Fixed assets21/28€3k€567▼
Tangible fixed assets22/27€3k€567▼
Furniture and vehicles24€276€567▲
Leasing and similar rights25€3k€0▼
Current assets29/58€41k€39k▼
Amounts receivable within one year40/41€41k€39k▼
Trade receivables40€10k€13k▲
Other amounts receivable41€31k€26k▼
Deferred charges and accrued income490/1€391€74▼
Equity and liabilities
Total equity and liabilities10/49€44k€40k▼
Equity10/15€30k€26k▼
Contributions10/11€6k€6k=
Reserves13€19k€19k=
Tax-exempt reserves132€78€78=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€4k€621▼
Amounts payable17/49€15k€14k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€14k€14k▼
Current portion of amounts payable after more than one year42€3k€0▼
Financial debts43€142€5k▲
Credit institutions430/8€142€5k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Accrued charges and deferred income492/3€561€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€177▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€4k€-777▼
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€879€1k▲
Recurring financial charges65€879€1k▲
Profit (loss) for the period before taxes9903€-3k€-3k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-3k€-3k▲
Profit (loss) for the period to be appropriated9905€-3k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€621▼
Profit (loss) brought forward from the previous period14P€8k€4k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €19k ▲60.4%
Operating result €20k, net result €19k, both a record.
31-12
Financial
Liquidity times 7current ratio 4.38
Current ratio from 0.65 to 4.38; short-term debt falls from €18k to €4k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2001
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.
Industriepark-West 759100 Sint-NiklaasGround area
581 m²
Parcel 46445D1776/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
Independent Minds
since 20012.080.957.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1776/00R000 | Flanders | 581 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
MDI Management
BE 0721.771.753
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LARRYSAN
BE 0663.766.149
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EVALU CONSULTING
BE 0505.735.135
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LARA MORA
BE 0683.869.992
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PBO TRADING
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,570. 33,282 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1997
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.