Mastermind
ActiveSummary
Mastermind has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,020 and a net result of €615. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+47
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 24.33 against 29.14 in 2024; short-term debt: 4.1% and cash: 65.4% of total assets), and 14.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.3%
Return on assets
4.4%
Age of the figures
9 mo
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
55 d early
2023
28 d early
2022
38 d early
2021
24 d early
2020
16 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,020▲ 5.4%
2024 · €11,405
Total assets
€14,100▲ 5.5%
2024 · €13,363
Net result
€615
2024 · -€1,928
Working capital
€13,520▲ 4.8%
2024 · €12,905
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,284€3,214€4,389▲ 36.6%-€1,737€784
Net result-€2,467below the sector's middle half€3,001within the sector's middle half€4,185within the sector's middle half▲ 39.4%-€1,928below the sector's middle half€615below the sector's middle half
Equity€6,147below the sector's middle half▼ 28.6%€9,148below the sector's middle half▲ 48.8%€13,333below the sector's middle half▲ 45.7%€11,405below the sector's middle half▼ 14.5%€12,020below the sector's middle half▲ 5.4%
Total assets€9,045below the sector's middle half▼ 22.5%€11,899below the sector's middle half▲ 31.6%€15,815below the sector's middle half▲ 32.9%€13,363below the sector's middle half▼ 15.5%€14,100below the sector's middle half▲ 5.5%
Debt€2,897▼ 5.3%€2,751▼ 5.1%€2,483▼ 9.8%€1,959▼ 21.1%€2,080▲ 6.2%
Working capital€7,647within the sector's middle half▼ 24.4%€10,648within the sector's middle half▲ 39.2%€14,833within the sector's middle half▲ 39.3%€12,905within the sector's middle half▼ 13.0%€13,520within the sector's middle half▲ 4.8%
Solvency68.0%within the sector's middle half▼ 5.8pp76.9%within the sector's middle half▲ 8.9pp84.3%above the sector's middle half▲ 7.4pp85.3%above the sector's middle half▲ 1.0pp85.3%above the sector's middle half▼ 0.1pp
Current ratio6.47above the sector's middle half▼ 1.019.51above the sector's middle half▲ 3.0416.10above the sector's middle half▲ 6.5829.14above the sector's middle half▲ 13.0424.33above the sector's middle half▼ 4.81
Return on assets (ROA)-27.3%below the sector's middle half▼ 39.7pp25.2%within the sector's middle half▲ 52.5pp26.5%within the sector's middle half▲ 1.2pp-14.4%below the sector's middle half▼ 40.9pp4.4%within the sector's middle half▲ 18.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €784 after a loss of €1,737 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14,100
Equity
€12,020 ▲ 5.4%
Debt
€2,080 ▲ 6.2%
Debt's share of the balance-sheet total rises from 14.7% to 14.7%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.17▲
2024 · 0.17
ROE
5.1%▲
2024 · -16.9%
Debt ≤ 1 year
€580▲
2024 · €459
Income taxes
€131▼
2024 · €137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €573 | €574 | €493 | €376 | €244 | ▼ 35.1% |
| Gross operating margin9900 | -€1,712 | €3,787 | €4,882 | -€1,361 | €1,028 | ▲ 176% |
| Operating profit (loss)9901 | -€2,284 | €3,214 | €4,389 | -€1,737 | €784 | ▲ 145% |
| Financial income75/76B | - | - | - | €17 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €17 | €0 | ▼ 100% |
| Financial charges65/66B | €28 | €97 | €65 | €72 | €38 | ▼ 47.2% |
| Recurring financial charges65 | €28 | €97 | €65 | €72 | €38 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | -€2,312 | €3,117 | €4,324 | -€1,791 | €746 | ▲ 142% |
| Income taxes67/77 | €155 | €116 | €140 | €137 | €131 | ▼ 4.4% |
| Profit (loss) for the period9904 | -€2,467 | €3,001 | €4,185 | -€1,928 | €615 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | -€2,467 | €3,001 | €4,185 | -€1,928 | €615 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,045 | €11,899 | €15,815 | €13,363 | €14,100 | ▲ 5.5% |
| Current assets29/58 | €9,045 | €11,899 | €15,815 | €13,363 | €14,100 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €948 | €758 | €2,047 | €1,803 | €4,885 | ▲ 171% |
| Trade receivables40 | €813 | €415 | €692 | €0 | €4,270 | - |
| Other amounts receivable41 | €135 | €342 | €1,354 | €1,803 | €615 | ▼ 65.9% |
| Cash at bank and in hand54/58 | €8,097 | €10,977 | €13,570 | €11,355 | €9,215 | ▼ 18.8% |
| Deferred charges and accrued income490/1 | - | €164 | €199 | €206 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,045 | €11,899 | €15,815 | €13,363 | €14,100 | ▲ 5.5% |
| Equity10/15 | €6,147 | €9,148 | €13,333 | €11,405 | €12,020 | ▲ 5.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €20,483 | €20,483 | €20,483 | €20,483 | €20,483 | = |
| Non-distributable reserves130/1 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Reserves not available under the articles1311 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Tax-exempt reserves132 | €2,583 | €2,583 | €2,583 | €2,583 | €2,583 | = |
| Distributable reserves133 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Profit (loss) carried forward14 | -€26,736 | -€23,735 | -€19,550 | -€21,478 | -€20,863 | ▲ 2.9% |
| Amounts payable17/49 | €2,897 | €2,751 | €2,483 | €1,959 | €2,080 | ▲ 6.2% |
| Amounts payable within one year42/48 | €1,397 | €1,251 | €983 | €459 | €580 | ▲ 26.4% |
| Trade debts44 | €610 | €452 | €643 | €0 | €124 | - |
| Suppliers440/4 | €610 | €452 | €643 | €0 | €124 | - |
| Taxes, remuneration and social security45 | €120 | €120 | €140 | €140 | €137 | ▼ 2.4% |
| Taxes450/3 | €120 | €120 | €140 | €140 | €137 | ▼ 2.4% |
| Other amounts payable47/48 | €667 | €679 | €200 | €319 | €319 | = |
| Accrued charges and deferred income492/3 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,467 | €3,001 | €4,185 | -€1,928 | €615 | ▲ 132% |
| Operating cash flow (approximation) | -€2,467 | €3,001 | €4,185 | -€1,928 | €615 | ▲ 132% |
| Change in cash | - | €2,880 | €2,593 | -€2,215 | -€2,140 | ▲ 3.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €615
Net result €615 after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3,001
Net result €3,001 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5,014
Net result €5,014 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.07
Current ratio from 1.85 to 4.07; short-term debt falls from €4,307 to €2,821.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Boom · 1 establishment unit since 2013
Ground area
137 m²
Building footprint
66 m²
Volume, LiDAR
433 m³
Parcel 11622C0142/00A002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mastermind
since 20132.221.035.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11622C0142/00A002 | Flanders | 137 m² | 1 · 65 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 25,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0472717016
E-invoicing
Reachable via Peppol
Peppol ID
0208:0533699839
Also
9925:BE0533699839
Registered
07-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.