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MIND

Active Private limited companyfounded 2021active for 5 yearsPopulierendallaan 135, 1850 GrimbergenKBO/BCE: BE 0766.856.858
MIND
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Overview

Lifetime

5 annual accounts with figures on one time axis
peak €27,856 (2024)
€5,611▼ 79.9%
lowest -€3,046 (2025)
-€3,046▼ €18,832
peak €49,083 (2024)
€46,037▼ 6.2%
€5,516▼ 57.9%
Board1 name since 2021
1 directorLANGERS Flory Michel Rie
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Gross margin from €27,856 to €5,611Loss of €3,046Debts from €13,095 to €5,516

Key points

from the 2025 annual accounts

Turnover

≈ €46,000 estimated

The micro format states no turnover.

Liquidity

4.34 was 2.34 in 2024

Short-term debts fell from €13,095 to €5,516.

Position in the sector

89.3%

Higher solvency than 92% of companies in specialised construction. Sector median 46.7% · 35,125 companies.

Checked score

83
Excellent
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.6%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.6%▼ -1.0 percentage point vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.7%▲ +0.1 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.8%▲ +0.1 percentage points vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.5%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026

Financial strength
Strong

100=equity 89.3% of total assets
74+9short-term debt 10.7% · cash 19.7%
61-39return on assets -5.9%

Score breakdown

raises risk
Size: total assets €51,553
lowers risk
Liquidity: current ratio 4.34, cash €10,166
Equity €46,037 (89.3% of total assets)
Figures for financial year 2025 (filed on 13-07-2026)
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 43, micro). It does better than 90% of them on solvency, 73% on liquidity, 29% on profitability and 27% on growth.

The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 3,440 companies had the same profile as MIND has now. Each dot stands for 9 companies, two years later.

90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MIND itself: 0.5% 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.

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 3,440 companies, not a prediction for MIND. 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

Credit of up to €3,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.34 (2.34 in 2024), above the usual 1.5. Short-term debt is 10.7% and cash 19.7% of total assets. 10.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.34, cash €10,166
NBB · annual accounts
lowers risk · Equity €46,037 (89.3% of total assets)
NBB · annual accounts
raises risk · Size: total assets €51,553
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 13-07-2026)
NBB · annual accounts
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 13-07-2026, 18 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
18 days early
2024
64 days early
2023
33 days early
2022
18 days early
2021
5 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 28 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 13 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LF
LANGERS Flory Michel Rie
Director, since 19-04-2021
  • LANGERS Flory Michel Rie founderdeed of 21-04-2021
  • WILTS Laura Ilse Yvonne founderdeed of 21-04-2021
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0766856858
Incorporation Founding capital of €2,500, 250 shares · Founders: LANGERS Flory Michel Rie and WILTS Laura Ilse Yvonne · Appointment: LANGERS Flory Michel Rie (director) · published on 21-04-2021 · Gazette deed
First establishment Populierendallaan 135, Grimbergen
All 10 events

Comparable companies

same main activity, similar in size and age
Company
MIND Grimbergen €51,553 €5,611 89.3% -
Quick Business & Solutions Grimbergen €44,738 €6,799 -671.5% -
CASA GUTI Verviers €53,345 €5,873 7.1% -
NICK DEBEUF Torhout €56,836 €5,984 23.9% -
YPSILON GROUP Genk €43,315 €5,769 40.9% -
F-INTECH Bilzen-Hoeselt €49,420 €6,088 83.2% -
IMS ELEC Waterloo €45,296 €4,514 -153.9% -

These companies have the same main activity as MIND: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €43,300 and €56,800, founded between 2020 and 2021.

Official details

Source: KBO
Status
Active since 19-04-2021Normal situation
Activity
General electrical installation workNACE 43211and 5 others
Establishment unit
2.317.482.0321850 Grimbergen, since 19-04-2021
Financial year end
31 December
Peppol
Reachable since 21-01-2026
Company details

Annual accounts 2025

€5,611▼ 79.9%
€3,046
€46,037▼ 6.2%
€51,553▼ 17.1%
Filing
Filed on 13-07-2026, 18 days before the end of the filing period
Financials

Insights on MIND

MIND files the micro format. That format states no turnover. The gross margin fell from €20,496 in 2021 to €5,611 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 13-07-2026, 18 days before the deadline
€5,611
▼ 79.9%
-€2,889
▼ €23,314
-€3,046
▼ €18,832
€18,440
▲ 5.0%
89.3%
▲ 10.4 percentage points
4.34
▲ 2.00

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €46,000. Estimated: probably between €30,000 and €97,000.

Balance sheet

balance sheet total €51,553 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

89.3%

Higher than 93% of 35,125 companies in 2025.

4.34

Higher than 82% of 34,499 companies in 2025.

-5.9%

Higher than 15% of 34,700 companies in 2025.

MIND Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 51,55362,17750,64736,51338,143
21/28 27,59631,52320,3916,7389,951
22/27 27,59631,52320,3916,7389,951
22 24,01827,12717,394341433
23 2,04901,0693,6696,055
24 1,5294,3961,9292,7293,463
29/58 23,95630,65530,25529,77528,192
40/41 12,88215,92918,65613,33320,414
40 5,4819,53314,0856,34215,461
41 7,4016,3964,5716,9914,953
50/53 02,0004,00005,000
54/58 10,16610,8252,86214,0151,244
490/1 9091,9004,7372,4271,535
Balance sheet: equity and liabilities
10/49 51,55362,17750,64736,51338,143
10/15 46,03749,08333,29622,07915,468
10/11 2,5002,5002,5002,5002,500
13 46,58346,58330,79619,57912,968
133 46,58346,58330,79619,57912,968
14 -3,04600--
17/49 5,51613,09517,35014,43422,675
42/48 5,51613,09517,35014,43422,675
43 601,6021,5711,536-
430/8 601,6021,5711,536-
44 5,4568,79713,4326,3447,389
440/4 5,4568,79713,4326,3447,389
45 01,9372,3471,346600
450/3 01,9372,3471,346600
47/48 075805,20814,686
Income statement
9900 5,61127,85622,92114,59320,496
62 1,0331,0331,8421,084-
630 6,3685,5293,9113,2122,349
640/8 1,098868918882802
9901 -2,88920,42516,2519,41417,345
75/76B 931665000
75 931665000
65/66B 250483411234111
65 250483411234111
9903 -3,04620,10815,8899,18017,234
67/77 04,3224,0252,5694,265
9904 -3,04615,78611,8656,61112,968
9905 -3,04615,78611,8656,61112,968
Appropriation of the result
9906 -3,04615,78611,8656,61112,968
691/2 015,78611,2176,61112,968
6921 015,78611,2176,61112,968
694/7 -0648--
694 -0648--
Document PDFPDFPDFPDFPDF

The notes to these accounts have 6 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.

Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 13-07-2026 2026-00284020 PDF
31-12-2024 micro format 28-05-2025 2025-00108951 PDF
31-12-2023 micro format 28-06-2024 2024-00186408 PDF
31-12-2022 micro format 13-07-2023 2023-00235565 PDF
31-12-2021 micro format 26-07-2022 2022-20221835 PDF

Subsidies and aid

Flemish government 2023 to 2024, 2 entries, €1,140 awarded, €1,140 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,140
Year Entries AwardedPaid
2024 1 €570€645
2023 1 €570€495

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
3,48025,95520,16112,62719,694
3,32321,31615,7759,82315,318
2,44216,66117,564012,300
-6597,963-11,15312,772-
18,44017,56012,90515,3415,518
89.3%78.9%65.7%60.5%40.6%
4.342.341.742.061.24
0.120.270.520.651.47
-6.6%32.2%35.6%29.9%83.8%
-5.9%25.4%23.4%18.1%34.0%
13.9353.7149.0253.85over 100

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€2,442€16,661€17,564-€12,300
€6,368€5,529€3,911€3,212€2,349

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MIND

The operating result for 2025 is a loss of €2,889, after a profit of €20,425 in 2024. It is the lowest result since 2021.

Debt's share of the balance-sheet total falls from 21.1% to 10.7%. Equity and debt are lower.

Board & ownership

Board

1 director, since incorporation
LANGERS Flory Michel Rie
Director (not named in the articles)
since 19-04-2021 term without a fixed end
listed in the 2025 annual accounts, filed on 13-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
LANGERS Flory Michel Rie
Director (not named in the articles)
Board
Mandates as a list
  • LANGERS Flory Michel Rie
    • Director (not named in the articles), from 19-04-2021 to date

See the board, name and registered office on a given date →

Control

Founders
LANGERS Flory Michel Rie, WILTS Laura Ilse Yvonne
This company
MIND
Equity €46,037
Loss €3,046 in 2025

Capital

Contribution
€2,500
Shares
250
Contribution per share
€10
Equity per share
€184 in 2025
Source
deed of 21-04-2021

Articles of association

deed of 21-04-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Founders

At incorporation deed of 21-04-2021 ↗

Network & group

No group

MIND has no parent and no holdings in its annual accounts. LANGERS Flory Michel Rie is the only director. MIND shares no director with another company.

Timeline

Timeline

10 events since 2021

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 18 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0766856858
2025
Weakest financial year net -€3,046 The net result drops to -€3,046, the lowest from 2021 to 2025.
Annual accounts 2024 filed PDFmicro format · 64 days before the deadline
2024
Highest result from 2021 to 2025 net €15,786 ▲33% The operating result of €20,425 and the net result of €15,786 are both a record.
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 18 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 5 days before the deadline
2021
IncorporationFounding capital of €2,500, 250 shares · Founders: LANGERS Flory Michel Rie and WILTS Laura Ilse Yvonne · Appointment: LANGERS Flory Michel Rie (director) · published on 21-04-20216 points ▸
  • Founder, LANGERS Flory Michel Rie
  • Founder, WILTS Laura Ilse Yvonne
  • Founding capital, €2,500, 250 shares
  • Registered office clause, Populierendallaan 135, 1850 Grimbergen
  • Board rule, 1
  • Director appointment, LANGERS Flory Michel Rie (director (not named in the articles))
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment Populierendallaan 135, Grimbergen

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MIND was incorporated on 19 April 2021 as a private limited company by two natural persons, with a starting capital of €2,500.12 Since 2021, LANGERS Flory Michel Rie has served as director.3 Total assets rose from €38,143 in 2021 to €51,553 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-04-2021
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0766.856.858
VAT number
BE 0766.856.858
Peppol ID
0208:0766856858
Other Peppol ID
9925:BE0766856858
Legal form
Private limited company
Status
Active, normal situation
Founded
19-04-2021
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 18:00
deed of 21-04-2021 (in Dutch)
Peppol
Reachable since 21-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MIND in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 21-04-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 21-04-2021 (in Dutch)

Activities

NACEBEL 2025
43211 General electrical installation work main activity
43212 Electrical installation work in industrial facilities
43222 Installation of electric heating, air conditioning, cooling and ventilation
71112 Activities of interior architects
71121 Engineering and related technical consultancy, excluding land surveyors
90393 Specialised image, lighting and sound technical services
Codes under NACEBEL 2008
43211 Specialised construction activities main activity
43212 Specialised construction activities
43222 Specialised construction activities
71112 Architectural and engineering activities; technical testing and analysis
71121 Engineering activities
90023 Arts creation and performing arts activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle installatiewerken,aankoop en verkoop van elektrische installaties en domotica; Aanleg van leidingen voor het vervoer en distributie van…”
18 activities
  1. Alle installatiewerken,aankoop en verkoop van elektrische installaties en domotica
  2. Aanleg van leidingen voor het vervoer en distributie van elektrische energie
  3. Elektrotechnische installatiewerken aan gebouwen
  4. Elektrotechnische installatiewerken andere dan aan gebouwen
  5. Installatie van elektrische bedrading en toebehoren
  6. Installatie van bewakingssystemen en alarminstallaties tegen diefstal
  7. Installatie van verwarming,klimaatregeling en ventilatie
  8. Overige werkzaamheden in verband met afwerking van gebouwen
  9. Interieurarchitectuur - meubelontwerp – decoratie
  10. Interieurarchitecten
  11. Stedenbouwkundige en tuin- en landschapsarchitecten
  12. Activiteiten van grafische designers
  13. Activiteiten van interieurdecorateurs
  14. Activiteiten van decorateur-etalagisten
  15. Overige activiteiten van gespecialiseerde designers
  16. Promotie en organisatie van uitvoerende kunstevenementen
  17. Gespecialiseerde beeld-,verlichtings- en geluidstechnieken
  18. Overige ondersteunende activiteiten voor de uitvoerende kunsten
deed of 21-04-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Populierendallaan 135 registered office 1850 Grimbergen 19-04-2021 2.317.482.032

Buildings and parcels at the address

Ground area
898 m²
Buildings
184 m²
Volume, LiDAR
763 m³
Tallest building
6.2 m
Buildings to scale, each on its own parcel
183 m², 6.2 m 183 m², 6.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
23403H0075/00N000898 m² 1 · 183 m² 6.2 m · 1

Contact

E-mail florylangers@hotmail.com establishment in Grimbergen
Phone +32 495 65 69 07 establishment in Grimbergen

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0766.856.858

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