MIND-SET
ActiveMIND-SET has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-10k) and a net result of €-55k. Equity is shrinking by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
7
/ 100
Critical▼ -79 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+79
Solvency33▼-67
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 3.81 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-3.4%
Return on assets
-19%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
9 d early
2022
5 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-10k
2023 · €45k
2022: €44k
2023: €45k
2022 → 2024
Total assets
€291k▲ 459%
2023 · €52k
2022: €62k
2023: €52k
2022 → 2024
Net result
€-55k
2023 · €2k
2022: €39k
2023: €2k
2022 → 2024
Working capital
€-43k
2023 · €19k
2022: €39k
2023: €19k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€44k-€45k▲ 4.3%€-10k
Operating result€49k-€4k▼ 92.9%€-49k
Net result€39k-€2k▼ 95.1%€-55k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €49k after €4k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291k
Fixed assets
€272k▲ 915%
Current assets
€19k▼ 25.0%
Key figures and ratios
EBITDA
€-37k▼
2023 · €7k
Cash flow
€-43k▼
2023 · €5k
Solvency
-3.4%▼
2023 · 87.3%
Current ratio
0.30▼
2023 · 3.81
Quick ratio
0.30▼
2023 · 3.81
Debt / equity
-30.60▼
2023 · 0.15
ROE
562.1%▲
2023 · 4.1%
ROA
-19.0%▼
2023 · 3.6%
Interest coverage
-6.01▼
2023 · 29.37
Debt
€301k▲
2023 · €7k
Debt ≤ 1 year
€62k▲
2023 · €7k
Debt > 1 year
€239k
Income taxes
€197▼
2023 · €1k
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€52k€291k▲
Fixed assets21/28€27k€272k▲
Tangible fixed assets22/27€27k€272k▲
Land and buildings22-€250k
Furniture and vehicles24€27k€23k▼
Current assets29/58€25k€19k▼
Amounts receivable within one year40/41€9k€15k▲
Trade receivables40€6k€8k▲
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€8k€3k▼
Deferred charges and accrued income490/1€9k€164▼
Equity and liabilities
Total equity and liabilities10/49€52k€291k▲
Equity10/15€45k€-10k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€40k€-15k▼
Amounts payable17/49€7k€301k▲
Amounts payable after more than one year17-€239k
Financial debts170/4-€239k
Amounts payable within one year42/48€7k€62k▲
Current portion of amounts payable after more than one year42-€8k
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€3k€53k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€12k▲
Other operating charges640/8€1k€5k▲
Gross operating margin9900€8k€-32k▼
Operating profit (loss)9901€4k€-49k▼
Financial income75/76B€11€15▲
Recurring financial income75€11€15▲
Financial charges65/66B€226€6k▲
Recurring financial charges65€226€6k▲
Profit (loss) for the period before taxes9903€3k€-55k▼
Income taxes67/77€1k€197▼
Profit (loss) for the period9904€2k€-55k▼
Profit (loss) for the period to be appropriated9905€2k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€-15k▼
Profit (loss) brought forward from the previous period14P€39k€40k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-55k ▼3045%
Net result drops to €-55k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Kortrijk · 1 establishment unit since 2021
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.
Moorseelsestraat(Heu) 1668501 KortrijkGround area
1,370 m²
Building footprint
228 m²
Volume, LiDAR
1,219 m³
Parcel 34016C0615/00K003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIND-SET
since 20212.324.775.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0615/00K003 | Flanders | 1,370 m² | 1 · 228 m² | 9.6 m · 2 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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Of 24,420 companies in sector 82990 we hold annual accounts for 9,359. 6,794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
85599Other education
86904Human health activities
86931Psychology services
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.