MIND & MOTION
ActiveSummary
MIND & MOTION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €5k. Equity is growing by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-24
Solvency44▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.45 against 2.64 in 2024; short-term debt: 19.6% and cash: 22.2% of total assets), but 81.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
18.5%
Return on assets
0.2%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
35 d early
2022
42 d early
2021
34 d early
2020
38 d early
2019
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€328k
EBIT margin
-5.9%
Net result
€5k▼ 97.5%
2024 · €200k
2018: €889
2019: €78k▲ +8692% vs 2018
2020: €-73k▼ -193% vs 2019lowest in 8 years
2021: €-27k▲ +63.4% vs 2020
2022: €141k▲ +628% vs 2021
2023: €146k▲ +3.4% vs 2022
2024: €200k▲ +37.3% vs 2023highest in 8 years
2025: €5k▼ -97.5% vs 2024
2018 → 2025
Working capital
€1.87M▲ 113%
2024 · €877k
2018: €746k
2019: €207k▼ -72.2% vs 2018lowest in 8 years
2020: €367k▲ +76.8% vs 2019
2021: €523k▲ +42.7% vs 2020
2022: €308k▼ -41.2% vs 2021
2023: €474k▲ +54.1% vs 2022
2024: €877k▲ +84.9% vs 2023
2025: €1.87M▲ +113% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€328k-
Equity€39k-€180k▲ 364%€309k▲ 71.9%€507k▲ 64.2%€511k▲ 0.6%
2021: €39klowest in 5 years
2022: €180k▲ +364% vs 2021
2023: €309k▲ +71.9% vs 2022
2024: €507k▲ +64.2% vs 2023
2025: €511k▲ +0.6% vs 2024highest in 5 years
Operating result€-20k-€152k€191k▲ 25.2%€301k▲ 57.9%€15k▼ 95.1%
2021: €-20klowest in 5 years
2022: €152k▲ +881% vs 2021
2023: €191k▲ +25.2% vs 2022
2024: €301k▲ +57.9% vs 2023highest in 5 years
2025: €15k▼ -95.1% vs 2024
Net result€-27k-€141k€146k▲ 3.4%€200k▲ 37.3%€5k▼ 97.5%
2021: €-27klowest in 5 years
2022: €141k▲ +628% vs 2021
2023: €146k▲ +3.4% vs 2022
2024: €200k▲ +37.3% vs 2023highest in 5 years
2025: €5k▼ -97.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.76M
Fixed assets
€350k ▲ 9.2%
Current assets
€2.41M ▲ 70.7%
Equity and liabilities €2.76M
Equity
€511k ▲ 0.6%
Debt
€2.25M ▲ 83.6%
Debt's share of the balance-sheet total rises from 70.7% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▼
2024 · €321k
Cash flow
€34k▼
2024 · €220k
Current ratio
4.45▲
2024 · 2.64
Debt to equity
4.40▲
2024 · 2.41
ROE
1.0%▼
2024 · 39.4%
ROA
0.2%▼
2024 · 11.6%
Interest coverage
4.76▼
2024 · 35.77
Debt ≤ 1 year
€542k▲
2024 · €534k
Debt > 1 year
€189k▼
2024 · €214k
Income taxes
€5k▼
2024 · €93k
Staff costs
€127k▲
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.73M€2.76M▲
Fixed assets21/28€320k€350k▲
Tangible fixed assets22/27€320k€350k▲
Land and buildings22€319k€300k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€1k€48k▲
Financial fixed assets28€220€215▼
Current assets29/58€1.41M€2.41M▲
Amounts receivable within one year40/41€850k€1.53M▲
Trade receivables40€832k€1.50M▲
Other amounts receivable41€18k€21k▲
Cash at bank and in hand54/58€505k€613k▲
Deferred charges and accrued income490/1€56k€270k▲
Equity and liabilities
Total equity and liabilities10/49€1.73M€2.76M▲
Equity10/15€507k€511k▲
Contributions10/11€30k€30k=
Reserves13€477k€481k▲
Distributable reserves133€477k€481k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.22M€2.25M▲
Amounts payable after more than one year17€214k€189k▼
Financial debts170/4€214k€189k▼
Amounts payable within one year42/48€534k€542k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€480k€483k▲
Suppliers440/4€480k€483k▲
Taxes, remuneration and social security45€16k€21k▲
Taxes450/3€3k€6k▲
Remuneration and social security454/9€12k€15k▲
Other amounts payable47/48€13k€12k▼
Accrued charges and deferred income492/3€476k€1.52M▲
Income statement
Code20242025
Remuneration, social security and pensions62€96k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€29k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€420k€174k▼
Operating profit (loss)9901€301k€15k▼
Financial income75/76B€857€4k▲
Recurring financial income75€857€4k▲
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€293k€10k▼
Income taxes67/77€93k€5k▼
Profit (loss) for the period9904€200k€5k▼
Profit (loss) for the period to be appropriated9905€200k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€5k▼
Transfer from equity791/2€0-
Transfer to equity691/2€198k€3k▼
To other reserves6921€198k€3k▼
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
Social balance
Average headcount (FTE)90872.33.1▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €328k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €404k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €6k | €888 | €47k | €96k | €127k | ▲ 32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €19k | €20k | €29k | ▲ 48.9% |
| Other operating charges640/8 | €3k | €3k | €4k | €4k | €3k | ▼ 10.5% |
| Gross operating margin9900 | €8k | €176k | €260k | €420k | €174k | ▼ 58.5% |
| Operating profit (loss)9901 | €-20k | €152k | €191k | €301k | €15k | ▼ 95.1% |
| Financial income75/76B | €0 | €132 | €140 | €857 | €4k | ▲ 398% |
| Recurring financial income75 | €0 | €132 | €140 | €857 | €4k | ▲ 398% |
| Financial charges65/66B | €6k | €6k | €7k | €9k | €9k | ▲ 3.1% |
| Recurring financial charges65 | €6k | €6k | €7k | €9k | €9k | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €-26k | €147k | €184k | €293k | €10k | ▼ 96.7% |
| Income taxes67/77 | €1k | €6k | €38k | €93k | €5k | ▼ 94.8% |
| Profit (loss) for the period9904 | €-27k | €141k | €146k | €200k | €5k | ▼ 97.5% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €141k | €146k | €200k | €5k | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €1.03M | €1.02M | €1.73M | €2.76M | ▲ 59.3% |
| Fixed assets21/28 | €376k | €357k | €339k | €320k | €350k | ▲ 9.2% |
| Tangible fixed assets22/27 | €376k | €357k | €339k | €320k | €350k | ▲ 9.2% |
| Land and buildings22 | €376k | €357k | €338k | €319k | €300k | ▼ 6.0% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | - | - | €1k | €1k | €48k | ▲ 3,614% |
| Financial fixed assets28 | €215 | €220 | €220 | €220 | €215 | ▼ 2.3% |
| Current assets29/58 | €698k | €669k | €685k | €1.41M | €2.41M | ▲ 70.7% |
| Amounts receivable within one year40/41 | €338k | €455k | €415k | €850k | €1.53M | ▲ 79.5% |
| Trade receivables40 | €332k | €444k | €403k | €832k | €1.50M | ▲ 80.9% |
| Other amounts receivable41 | €6k | €10k | €12k | €18k | €21k | ▲ 13.7% |
| Cash at bank and in hand54/58 | €270k | €190k | €223k | €505k | €613k | ▲ 21.3% |
| Deferred charges and accrued income490/1 | €91k | €24k | €47k | €56k | €270k | ▲ 384% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €1.03M | €1.02M | €1.73M | €2.76M | ▲ 59.3% |
| Equity10/15 | €39k | €180k | €309k | €507k | €511k | ▲ 0.6% |
| Contributions10/11 | €45k | €45k | €30k | €30k | €30k | = |
| Reserves13 | €83k | €135k | €279k | €477k | €481k | ▲ 0.7% |
| Non-distributable reserves130/1 | €5k | €5k | €0 | - | - | - |
| Reserves not available under the articles1311 | €5k | €5k | €0 | - | - | - |
| Distributable reserves133 | €78k | €130k | €279k | €477k | €481k | ▲ 0.7% |
| Profit (loss) carried forward14 | €-89k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.04M | €847k | €716k | €1.22M | €2.25M | ▲ 83.6% |
| Amounts payable after more than one year17 | €287k | €263k | €239k | €214k | €189k | ▼ 11.8% |
| Financial debts170/4 | €287k | €263k | €239k | €214k | €189k | ▼ 11.8% |
| Amounts payable within one year42/48 | €175k | €361k | €211k | €534k | €542k | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €24k | €24k | €24k | €25k | €25k | ▲ 1.6% |
| Financial debts43 | €4k | €0 | - | - | - | - |
| Credit institutions430/8 | €4k | €0 | - | - | - | - |
| Trade debts44 | €92k | €311k | €164k | €480k | €483k | ▲ 0.6% |
| Suppliers440/4 | €92k | €311k | €164k | €480k | €483k | ▲ 0.6% |
| Taxes, remuneration and social security45 | €38k | €10k | €10k | €16k | €21k | ▲ 35.2% |
| Taxes450/3 | €33k | €10k | €8k | €3k | €6k | ▲ 86.5% |
| Remuneration and social security454/9 | €5k | €0 | €2k | €12k | €15k | ▲ 21.2% |
| Other amounts payable47/48 | €17k | €16k | €13k | €13k | €12k | ▼ 8.9% |
| Accrued charges and deferred income492/3 | €573k | €222k | €266k | €476k | €1.52M | ▲ 219% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €141k | €146k | €200k | €5k | ▼ 97.5% |
| + Depreciation and write-downs630 | €19k | €19k | €19k | €20k | €29k | ▲ 48.9% |
| Operating cash flow (approximation) | €-8k | €160k | €165k | €220k | €34k | ▼ 84.4% |
| Investment in fixed assets (approximation) | - | €-5 | €-1k | €-783 | €-59k | ▼ 7,406% |
| Change in cash | - | €-80k | €33k | €282k | €108k | ▼ 61.8% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €200k ▲37.3%
Operating result €301k, net result €200k, both a record.
31-12
Financial
Equity above €500kEq €507k ▲64.2%
3 profitable years in a row build equity to €507k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €309k ▲71.9%
2 profitable years in a row build equity to €309k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €141k
Net result €141k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €180k ▲364%
Equity rises from €39k to €180k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 2.72
Current ratio from 1.30 to 2.72; short-term debt falls from €680k to €214k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €138k ▲130%
2 profitable years in a row build equity to €138k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Merelbeke-Melle · 1 establishment unit since 2008
Ground area
3,494 m²
Building footprint
1,039 m²
Volume, LiDAR
2,700 m³
Parcel 44402A0160/00K003, Flanders · tallest building 12.4 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MIND & MOTION
since 20082.172.757.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0160/00K003 | Flanders | 3,494 m² | 1 · 1,039 m² | 12.4 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 22,125 EUR awarded · 22,125 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 22,125 EUR | 22,125 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
Recognitions · licences · registrations
Legal Entity Identifier
87550029NER7OVJR0J33
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Of 1,438 companies in sector 79110 we hold annual accounts for 881. 653 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
Founded02-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
79120Travel agency, tour operator and other reservation service and related activities
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.