MIND ELEC
ActiveMIND ELEC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €4k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-11
Solvency76▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 3.07 in 2023; short-term debt: 45% and cash: 28.8% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
50.7%
Return on assets
2.4%
Age of the figures
20 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
36 d early
2022
68 d early
2021
46 d early
2020
20 d late
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k▼ 6.4%
2023 · €92k
2018: €13k
2019: €29k
2020: €51k
2021: €68k
2022: €77k
2023: €92k
2018 → 2024
Total assets
€170k▲ 29.2%
2023 · €131k
2018: €16k
2019: €58k
2020: €73k
2021: €113k
2022: €109k
2023: €131k
2018 → 2024
Net result
€4k▼ 71.8%
2023 · €15k
2018: €7k
2019: €16k
2020: €22k
2021: €17k
2022: €9k
2023: €15k
2018 → 2024
Working capital
€56k▼ 31.3%
2023 · €82k
2018: €12k
2019: €28k
2020: €50k
2021: €62k
2022: €70k
2023: €82k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€51k-€68k▲ 34.2%€77k▲ 13.3%€92k▲ 18.9%€86k▼ 6.4%
Operating result€32k-€25k▼ 20.9%€13k▼ 48.8%€25k▲ 92.4%€8k▼ 67.3%
Net result€22k-€17k▼ 21.7%€9k▼ 47.9%€15k▲ 60.8%€4k▼ 71.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €170k
Fixed assets
€37k▲ 262%
Current assets
€132k▲ 9.3%
Equity and liabilities €170k
Equity
€86k▼ 6.4%
Debt
€84k▲ 112%
The debt ratio rises from 30.0% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12k▼
2023 · €28k
Cash flow
€8k▼
2023 · €18k
Solvency
50.7%▼
2023 · 70.0%
Current ratio
1.73▼
2023 · 3.07
Quick ratio
1.73▼
2023 · 3.07
Debt / equity
0.97▲
2023 · 0.43
ROE
4.8%▼
2023 · 15.9%
ROA
2.4%▼
2023 · 11.1%
Interest coverage
12.94▼
2023 · 202.59
Debt
€84k▲
2023 · €39k
Debt ≤ 1 year
€76k▲
2023 · €39k
Income taxes
€3k▼
2023 · €10k
Staff costs
€110k▲
2023 · €100k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€131k€170k▲
Fixed assets21/28€10k€37k▲
Tangible fixed assets22/27€10k€37k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€7k€7k▲
Leasing and similar rights25-€26k
Financial fixed assets28€90€90=
Current assets29/58€121k€132k▲
Amounts receivable within one year40/41€46k€84k▲
Trade receivables40€25k€67k▲
Other amounts receivable41€22k€16k▼
Cash at bank and in hand54/58€75k€49k▼
Deferred charges and accrued income490/1€270-
Equity and liabilities
Total equity and liabilities10/49€131k€170k▲
Equity10/15€92k€86k▼
Contributions10/11€6k€6k=
Reserves13€64k€54k▼
Distributable reserves133€64k€54k▼
Profit (loss) carried forward14€22k€26k▲
Amounts payable17/49€39k€84k▲
Amounts payable within one year42/48€39k€76k▲
Trade debts44€11k€47k▲
Suppliers440/4€11k€47k▲
Taxes, remuneration and social security45€29k€30k▲
Taxes450/3€15k€18k▲
Remuneration and social security454/9€14k€12k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20232024
Remuneration, social security and pensions62€100k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€131k€126k▼
Operating profit (loss)9901€25k€8k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€139€912▲
Recurring financial charges65€139€912▲
Profit (loss) for the period before taxes9903€25k€7k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€15k€4k▼
Profit (loss) for the period to be appropriated9905€15k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€26k▼
Profit (loss) brought forward from the previous period14P€22k€22k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼71.8%
Net result drops to €4k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲42.6%
Operating result €32k, net result €22k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Courcelles · 1 establishment unit since 2017
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.
Rue Latérale(TR) 36183 CourcellesGround area
365 m²
Building footprint
101 m²
Volume, LiDAR
1,088 m³
Parcel 52066C0358/00K006, Wallonia · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MIND ELEC
since 20172.268.647.876
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066C0358/00K006 | Wallonia | 365 m² | 1 · 101 m² | 12.6 m · 4 fl. |
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.
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BGT TOITURES
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j & s
BE 0691.653.649
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JER’HOME TOITURE
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Of 11,140 companies in sector 43910 we hold annual accounts for 5,485. 4,795 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43910Bricklaying and masonry work
43994Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.