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IT-MINDED

Active
Private limited companyfounded 2000active for 26 yearsHof van Terbank 3, 3078 Kortenberg, BelgiumKBO/BCE: BE 0471.242.628

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00493025.

Annual accounts 2025 filed on 31-08-2026 at the NBB all 25 filings

Turnover
€144,005
EBIT margin
37.7%
Net result
€20,965▼ 50.9%
2023 · €42,719
Working capital
€118,356▼ 59.2%
2023 · €290,074
Trend over the years

2020 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result for 2025 is €40,872, against €61,117 in 2023. Comparable figures for the intervening years are unavailable.

Operating result€40,872 2025 Net result€20,965 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232025
Turnover€144,005
Operating result€26,169-€38,729▲ 48.0%€54,219▲ 40.0%€57,296▲ 5.7%€51,678▼ 9.8%€61,117▲ 18.3%€40,872-
Net result€17,185-€26,335▲ 53.2%€37,153within the sector's middle half▲ 41.1%€39,116within the sector's middle half▲ 5.3%€37,767within the sector's middle half▼ 3.4%€42,719within the sector's middle half▲ 13.1%€20,965within the sector's middle half-
EBIT margin37.7%
Equity€117,153-€142,488▲ 21.6%€179,641above the sector's middle half▲ 26.1%€218,757above the sector's middle half▲ 21.8%€256,524above the sector's middle half▲ 17.3%€294,731above the sector's middle half▲ 14.9%€255,557above the sector's middle half-
Total assets€149,614-€182,759▲ 22.2%€243,278within the sector's middle half▲ 33.1%€276,357within the sector's middle half▲ 13.6%€306,562above the sector's middle half▲ 10.9%€335,688above the sector's middle half▲ 9.5%€545,688above the sector's middle half-
Debt€32,461-€40,271▲ 24.1%€63,637▲ 58.0%€57,600▼ 9.5%€50,038▼ 13.1%€40,957▼ 18.1%€290,131-
Working capital€122,391-€145,073▲ 18.5%€186,509above the sector's middle half▲ 28.6%€223,630above the sector's middle half▲ 19.9%€257,513above the sector's middle half▲ 15.2%€290,074above the sector's middle half▲ 12.6%€118,356above the sector's middle half-
Solvency78.3%-78.0%▼ 0.3pp73.8%within the sector's middle half▼ 4.1pp79.2%within the sector's middle half▲ 5.3pp83.7%above the sector's middle half▲ 4.5pp87.8%above the sector's middle half▲ 4.1pp46.8%within the sector's middle half-
Current ratio5.85-5.44▼ 0.404.79within the sector's middle half▼ 0.655.45above the sector's middle half▲ 0.666.78above the sector's middle half▲ 1.338.38above the sector's middle half▲ 1.602.22within the sector's middle half-
Return on assets (ROA)11.5%-14.4%▲ 2.9pp15.3%within the sector's middle half▲ 0.9pp14.2%within the sector's middle half▼ 1.1pp12.3%within the sector's middle half▼ 1.8pp12.7%within the sector's middle half▲ 0.4pp3.8%below the sector's middle half-
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €545,688
Fixed assets €330,609 ▲ 52×
Current assets €215,080 ▼ 34.7%
Equity and liabilities €545,688
Equity €255,557 ▼ 13.3%
Debt €290,131 ▲ 608%
Debt's share of the balance-sheet total rises from 12.2% to 53.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2023
EBITDA
€54,909▼
2023 · €63,397
Cash flow
€35,003▼
2023 · €44,998
Debt to equity
1.14▲
2023 · 0.14
ROE
8.2%▼
2023 · 14.5%
Interest coverage
6.21▼
2023 · over 100
Debt ≤ 1 year
€96,723▲
2023 · €39,310
Debt > 1 year
€193,408
Income taxes
€12,504▼
2023 · €18,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as IT-MINDED: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €482,000 and €587,000, founded between 1998 and 2003.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
IT-MINDED Kortenberg2000€545,688€255,557€55,456-€20,9652025
4 - CAST CONSULTING Kortenberg1998€487,426€454,935€61,692-€33,7552025
Q-BRIDGE Zonhoven2001€586,632€448,108€52,605-€2,6122025
SMS INFORMATIQUE Chapelle-lez-Herlaimont1999€485,188€294,576€52,908-€26,9342024
BYO Chaumont-Gistoux1999€558,071€387,858€49,275--€39,6112025
STRAT-X Sint-Niklaas2003€543,642€400,143€58,667-€14,4332025
ARROZ CON POLLO Elsene2000€481,772€437,848€60,934€0€49,0312025

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as IT-MINDED has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of IT-MINDED itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for IT-MINDED. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code20232025
Assets
Total assets20/58€335,688€545,688▲
Fixed assets21/28€6,304€330,609▲
Tangible fixed assets22/27€6,230€330,534▲
Land and buildings22-€324,534
Plant, machinery and equipment23€4,657€2,927▼
Furniture and vehicles24€1,572€3,074▲
Financial fixed assets28€74€74=
Current assets29/58€329,384€215,080▼
Amounts receivable within one year40/41€34,250€59,157▲
Trade receivables40€29,548€59,157▲
Other amounts receivable41€4,702-
Current investments50/53€263,650€110,835▼
Cash at bank and in hand54/58€27,879€43,899▲
Deferred charges and accrued income490/1€3,605€1,188▼
Equity and liabilities
Total equity and liabilities10/49€335,688€545,688▲
Equity10/15€294,731€255,557▼
Contributions10/11€18,600€18,600=
Reserves13€270,157€225,270▼
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€268,297€223,410▼
Profit (loss) carried forward14€5,974€11,687▲
Amounts payable17/49€40,957€290,131▲
Amounts payable after more than one year17-€193,408
Financial debts170/4-€193,408
Amounts payable within one year42/48€39,310€96,723▲
Current portion of amounts payable after more than one year42-€11,538
Trade debts44-€949
Suppliers440/4-€949
Taxes, remuneration and social security45€31,751€47,021▲
Taxes450/3€25,309€43,691▲
Remuneration and social security454/9€6,442€3,330▼
Other amounts payable47/48€7,559€37,215▲
Accrued charges and deferred income492/3€1,647-
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,279€14,038▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€3-
Other operating charges640/8€384€546▲
Gross operating margin9900€63,784€55,456▼
Operating profit (loss)9901€61,117€40,872▼
Financial income75/76B€32€1,437▲
Recurring financial income75€32€1,437▲
Financial charges65/66B€430€8,840▲
Recurring financial charges65€430€8,840▲
Profit (loss) for the period before taxes9903€60,719€33,469▼
Income taxes67/77€18,000€12,504▼
Profit (loss) for the period9904€42,719€20,965▼
Profit (loss) for the period to be appropriated9905€42,719€20,965▼
Appropriation of the result
Profit (loss) to be appropriated9906€45,974€29,687▼
Profit (loss) brought forward from the previous period14P€3,255€8,721▲
Transfer to equity691/2€40,000€18,000▼
To the legal reserve6920€40,000€18,000▼

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2018201920202021202220232025Change
Turnover70--€144,005-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,460€940€1,848€1,254€1,604€2,279€14,038-
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€3--
Other operating charges640/8---€1,100€429€384€546-
Gross operating margin9900€28,975€41,988€58,192€59,649€53,711€63,784€55,456-
Operating profit (loss)9901€26,169€38,729€54,219€57,296€51,678€61,117€40,872-
Financial income75/76B---€163€208€32€1,437-
Recurring financial income75€12€17-€163€208€32€1,437-
Financial charges65/66B---€1,812€1,420€430€8,840-
Recurring financial charges65€471€416€1,603€1,812€1,420€430€8,840-
Profit (loss) for the period before taxes9903€25,710€38,331€52,615€55,647€50,467€60,719€33,469-
Income taxes67/77€8,525€11,996€15,462€16,531€12,700€18,000€12,504-
Profit (loss) for the period9904€17,185€26,335€37,153€39,116€37,767€42,719€20,965-
Profit (loss) for the period to be appropriated9905€17,185€26,335€37,153€39,116€37,767€42,719€20,965-
Line2018201920202021202220232025Change
Assets
Total assets20/58€149,614€182,759€243,278€276,357€306,562€335,688€545,688-
Fixed assets21/28€1,983€5,043€7,579€2,437€4,484€6,304€330,609-
Tangible fixed assets22/27€1,909€969€3,505€2,362€4,409€6,230€330,534-
Land and buildings22------€324,534-
Plant, machinery and equipment23---€2,362€2,371€4,657€2,927-
Furniture and vehicles24----€2,038€1,572€3,074-
Financial fixed assets28€74€4,074€4,074€74€74€74€74-
Current assets29/58€147,631€177,716€235,699€273,920€302,079€329,384€215,080-
Amounts receivable within one year40/41€30,044€28,502€36,356€17,630€15,127€34,250€59,157-
Trade receivables40---€17,630€12,197€29,548€59,157-
Other amounts receivable41----€2,930€4,702--
Current investments50/53€23,649€23,649€123,649€123,649€233,649€263,650€110,835-
Cash at bank and in hand54/58€93,938€125,118€65,694€124,026€47,314€27,879€43,899-
Deferred charges and accrued income490/1---€8,615€5,988€3,605€1,188-
Equity and liabilities
Total equity and liabilities10/49€149,614€182,759€243,278€276,357€306,562€335,688€545,688-
Equity10/15€117,153€142,488€179,641€218,757€256,524€294,731€255,557-
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600-
Reserves13€98,553€123,888€161,041€200,157€200,157€270,157€225,270-
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860-
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860-
Distributable reserves133---€198,297€198,297€268,297€223,410-
Profit (loss) carried forward14----€37,767€5,974€11,687-
Amounts payable17/49€32,461€40,271€63,637€57,600€50,038€40,957€290,131-
Amounts payable after more than one year17------€193,408-
Financial debts170/4------€193,408-
Amounts payable within one year42/48€25,240€32,643€49,190€50,290€44,566€39,310€96,723-
Current portion of amounts payable after more than one year42------€11,538-
Trade debts44€64€4,865€329€2,678--€949-
Suppliers440/4---€2,678--€949-
Taxes, remuneration and social security45---€37,755€35,605€31,751€47,021-
Taxes450/3---€35,164€30,352€25,309€43,691-
Remuneration and social security454/9---€2,591€5,253€6,442€3,330-
Other amounts payable47/48---€9,857€8,961€7,559€37,215-
Accrued charges and deferred income492/3---€7,310€5,472€1,647--
Line2018201920202021202220232025Change
Profit (loss) for the period9904€17,185€26,335€37,153€39,116€37,767€42,719€20,965-
+ Depreciation and write-downs630€1,460€940€1,848€1,254€1,604€2,279€14,038-
Operating cash flow (approximation)€18,645€27,275€39,001€40,370€39,371€44,998€35,003-
Investment in fixed assets (approximation)--€4,000-€4,384€3,888-€3,651-€4,100--
Change in cash-€31,180-€59,423€58,331-€76,712-€19,435--

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00493025 NBB
31-12-2023 micro format 20-09-2024 2024-00468889 PDF
31-12-2022 micro format 31-08-2023 2023-00442276 PDF
31-12-2021 micro format 31-08-2022 2022-20420149 PDF
31-12-2020 micro format 27-08-2021 2021-56700572 PDF
31-12-2019 micro format 15-06-2020 2020-18100309 PDF
31-12-2018 micro format 02-07-2019 2019-27600030 PDF
31-12-2017 micro format 09-07-2018 2018-31200098 PDF
31-12-2016 micro format 18-07-2017 2017-33300481 PDF
31-12-2015 abbreviated format 15-07-2016 2016-32600124 PDF

Show all 25 filings

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