Equity
€42,767 from €104,636 in 2022
Equity fell by 59% in 3 years.
Mind.Shift
Overview
Lifetime
6 annual accounts with figures on one time axispeak €164,975 (2023)
€64,382▼ 57.9%
peak €64,013 (2023)
€37,767▼ 33.3%
peak €104,636 (2022)
€42,767▲ 755%
€9,064▼ 92.9%
Board1 name since 2020
1 director
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €152,770 to €64,382Result from €56,581 to €37,767Equity from €5,000 to €42,767Debts from €126,896 to €9,064Cash from €73,523 to €2,829
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Liquidity
2.65 was 0.75 in 2024
Short-term debts fell from €126,680 to €8,995.
2025 accounts filed 21 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as Mind.Shift has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for Mind.Shift. 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 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0740924404
Registered office moved from Putte to Elewijt
New registered office: Weerdesteenweg 2B, 1982 Elewijt (Zemst) · Previous registered office: Aarschotbaan 4, 2580 Putte · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: (partner and founder) · Appointment: (director) · published on 10-01-2020 · Gazette deed
First establishment
Weerdesteenweg 2 B, Zemst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mind.Shift Zemst | €51,831 | €64,382 | 82.5% | - |
| JWBO Herent | €54,305 | €63,232 | 8.4% | - |
| NVD Consulting Tremelo | €46,831 | €60,340 | 20.7% | - |
| LM TECH CONSULTING Pepingen | €48,138 | €62,354 | 9.4% | - |
| Kris Wijnants Leuven | €61,435 | €67,073 | 4.9% | - |
| T-Tree Uccle | €54,382 | €65,149 | 15.5% | - |
| MAJJI Schaerbeek | €51,740 | €69,337 | 22.5% | - |
These companies have the same main activity as Mind.Shift: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €46,800 and €61,400, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 08-01-2020Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.297.748.1731982 Zemst, since 08-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2024
Annual accounts 2025
- €64,382▼ 57.9%
- €37,767▼ 33.3%
- €42,767▲ 755%
- €51,831▼ 60.7%
- Filing
- Filed on 21-08-2026
Insights on Mind.Shift
Mind.Shift files the micro format. That format states no turnover. The gross margin rose from €51,255 in 2020 to €64,382 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-08-2026, 21 days late€64,382
▼ 57.9%
€48,779
▼ 28.6%
€37,767
▼ 33.3%
€14,808
▲ €46,256
82.5%
▲ 78.7 percentage points
2.65
▲ 1.89
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 ≈ €120,000. Estimated: probably between €110,000 and €160,000.
Balance sheet
balance sheet total €51,831 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
82.5%
Higher than 78% of 22,039 companies in 2025.
2.65
Higher than 53% of 21,339 companies in 2025.
72.9%
Higher than 95% of 21,530 companies in 2025.
Mind.Shift
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
51,831 | 131,896 | 200,687 | 155,553 | 101,369 | 61,318 | |
21/28 |
28,028 | 36,665 | 37,473 | 884 | 2,555 | 4,226 | |
22/27 |
28,028 | 36,665 | 37,473 | 884 | 2,555 | 4,226 | |
22 |
11,322 | 5,675 | 6,331 | - | - | - | |
23 |
2,259 | 4,418 | 3,990 | 884 | 2,555 | 4,226 | |
24 |
14,447 | 26,572 | 27,152 | - | - | - | |
29/58 |
23,803 | 95,231 | 163,215 | 154,670 | 98,814 | 57,092 | |
40/41 |
18,641 | 20,296 | 38,750 | 25,973 | 11,138 | 14,124 | |
40 |
17,082 | 10,402 | 31,366 | 25,973 | 10,618 | 14,124 | |
41 |
1,559 | 9,894 | 7,384 | - | 520 | - | |
50/53 |
- | 0 | 48,514 | 33,635 | - | - | |
54/58 |
2,829 | 73,523 | 73,641 | 93,737 | 85,875 | 41,204 | |
490/1 |
2,333 | 1,412 | 2,310 | 1,325 | 1,802 | 1,764 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
51,831 | 131,896 | 200,687 | 155,553 | 101,369 | 61,318 | |
10/15 |
42,767 | 5,000 | 68,649 | 104,636 | 73,501 | 44,634 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
37,767 | 0 | 63,649 | 99,636 | 68,501 | 39,634 | |
133 |
37,767 | 0 | 63,649 | 99,636 | 68,501 | 39,634 | |
14 |
0 | 0 | 0 | - | - | - | |
17/49 |
9,064 | 126,896 | 132,038 | 50,917 | 27,868 | 16,684 | |
42/48 |
8,995 | 126,680 | 131,236 | 50,917 | 27,868 | 16,684 | |
43 |
278 | 164 | - | - | - | - | |
439 |
278 | 164 | - | - | - | - | |
44 |
836 | 465 | 1,483 | 4,108 | 2,210 | 1,133 | |
440/4 |
836 | 465 | 1,483 | 4,108 | 2,210 | 1,133 | |
45 |
7,882 | 5,820 | 44,753 | 40,978 | 25,658 | 15,551 | |
450/3 |
7,882 | 5,820 | 33,965 | 23,016 | 25,658 | 15,551 | |
454/9 |
- | 0 | 10,788 | 17,962 | - | - | |
47/48 |
0 | 120,230 | 85,000 | 5,832 | - | - | |
492/3 |
69 | 216 | 802 | - | - | - | |
| Income statement | |||||||
9900 |
64,382 | 152,770 | 164,975 | 84,331 | 39,183 | 51,255 | |
62 |
0 | 71,572 | 80,200 | 33,655 | - | - | |
630 |
15,137 | 12,249 | 1,874 | 1,671 | 1,671 | 788 | |
640/8 |
465 | 635 | 734 | 1,098 | 156 | 429 | |
9901 |
48,779 | 68,314 | 82,167 | 47,906 | 37,356 | 50,039 | |
75/76B |
85 | 9,805 | 619 | 724 | - | 25 | |
75 |
85 | 9,805 | 619 | 724 | - | 25 | |
65/66B |
192 | 4,741 | 1,143 | 1,583 | 945 | 254 | |
65 |
192 | 4,741 | 1,143 | 1,583 | 945 | 254 | |
9903 |
48,672 | 73,377 | 81,643 | 47,047 | 36,411 | 49,810 | |
67/77 |
10,905 | 16,796 | 17,630 | 10,152 | 7,544 | 10,176 | |
9904 |
37,767 | 56,581 | 64,013 | 36,895 | 28,867 | 39,634 | |
9905 |
37,767 | 56,581 | 64,013 | 36,895 | 28,867 | 39,634 | |
| Appropriation of the result | |||||||
9906 |
37,767 | 56,581 | 64,013 | 36,895 | 28,867 | 39,634 | |
791/2 |
0 | 63,649 | 100,000 | - | - | - | |
691/2 |
37,767 | 0 | 64,013 | 31,135 | 28,867 | 39,634 | |
6921 |
37,767 | 0 | 64,013 | 31,135 | 28,867 | 39,634 | |
694/7 |
0 | 120,230 | 100,000 | 5,760 | - | - | |
694 |
0 | 120,230 | 100,000 | - | - | - | |
696 |
- | - | 0 | 5,760 | - | - | |
| Social balance sheet | |||||||
9087 |
- | 1.3 | 1.5 | 0.7 | - | - | |
Hours worked1013 |
- | 2,276 | 2,476 | 1,120 | - | - | |
| Document | |||||||
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 21-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440930.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00440930 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00297959 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00212156 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00244704 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20122869 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-32200496 |
Subsidies and aid
Flemish government 2022, 1 entry, €955 awarded, €955 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 63,916 | 80,562 | 84,041 | 49,578 | 39,028 | 50,827 | ||
| 52,904 | 68,830 | 65,888 | 38,566 | 30,538 | 40,422 | ||
| 6,500 | 11,441 | 38,463 | 0 | 0 | 5,014 | ||
| -70,694 | -118 | -20,096 | 7,862 | 44,671 | - | ||
| 14,808 | -31,448 | 31,979 | 103,752 | 70,946 | 40,408 | ||
| 82.5% | 3.8% | 34.2% | 67.3% | 72.5% | 72.8% | ||
| 2.65 | 0.75 | 1.24 | 3.04 | 3.55 | 3.42 | ||
| 0.21 | 25.38 | 1.92 | 0.49 | 0.38 | 0.37 | ||
| 88.3% | - | 93.2% | 35.3% | 39.3% | 88.8% | ||
| 72.9% | 42.9% | 31.9% | 23.7% | 28.5% | 64.6% | ||
| over 100 | 16.99 | 73.56 | 31.31 | 41.29 | - |
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 0 | 2 | 1 |
| full-time | 0 | 2 | 1 |
| part-time | 0 | 0 | - |
| in full-time equivalents | 0 | 2 | 1 |
| 1.3 | 1.5 | 0.7 | |
| On a permanent contract | 0 | 2 | 1 |
| Joined | 1 | 1 | 1 |
| Left | 3 | 0 | 0 |
| Training hours | 0 | 0 | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,500 | €11,441 | €38,463 | - | - |
| €15,137 | €12,249 | €1,874 | €1,671 | €1,671 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Mind.Shift
The operating result for 2025 is 29% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 96.2% to 17.5%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 10-01-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 21-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 10-01-2020
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 02-01-2020 to date
Control
Founder
This company
Mind.Shift
Equity €42,767
Profit €37,767 in 2025
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €428 in 2025
- Source
- deed of 10-01-2020
Articles of association
deed of 10-01-2020 (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.
- “Het bestuursorgaan stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Het kan hen op elk…”
- 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
Founder
At incorporation
deed of 10-01-2020 ↗
- sole founder · 100% at incorporation
Network & group
No group
Mind.Shift has no parent and no holdings in its annual accounts. is the only director. Mind.Shift shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
14 events since 2020Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days late
2025
Liquidity more than triples current ratio 2.65 The current ratio rises from 0.75 to 2.65. Short-term debt falls from €126,680 to €8,995.
Annual accounts 2024 filed PDFmicro format · 9 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0740924404
Annual accounts 2023 filed PDFmicro format · 29 days before the deadline
2023
Highest result from 2020 to 2025 net €64,013 ▲73.5% The operating result of €82,167 and the net result of €64,013 are both a record.
Annual accounts 2022 filed PDFmicro format · 14 days before the deadline
2022
Equity above €100,000 equity €104,636 ▲42.4% With a profit in every financial year since 2020, equity grows to €104,636.
Registered office moved from Putte to ElewijtNew registered office: Weerdesteenweg 2B, 1982 Elewijt (Zemst) · Previous registered office: Aarschotbaan 4, 2580 Putte1 point ▸
- Registered-office move, Weerdesteenweg 2B, 1982 Elewijt (Zemst)
- The deed holds 1 more point.
Annual accounts 2021 filed PDFmicro format · 27 days before the deadline
2021
Weakest financial year net €28,867 ▼27.2% The net result drops to €28,867, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 25 days before the deadline
2020
IncorporationFounding capital of €5,000, 100 shares · Founder: (partner and founder) · Appointment: (director) · published on 10-01-20204 points ▸
- Founder, (partner and founder)
- Founding capital, €5,000, 100 shares
- Registered office clause, Aarschotbaan 4, 2580 Putte
- Director appointment, (director (not named in the articles))
- The deed holds 3 more points.
First establishment Weerdesteenweg 2 B, Zemst
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
On 8 January 2020, Mind.Shift was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2022 the registered office moved to Elewijt.3 is director of the company, appointed by deed of 10-01-2020.2 Total assets went from €61,318 in 2020 to €51,831 in 2025 and headcount from 0.7 full-time equivalents in 2022 to 1.3 in 2024.4
Company details
Identity
- Enterprise number
- 0740.924.404
- VAT number
- BE 0740.924.404
- Peppol ID
- 0208:0740924404
- Other Peppol ID
- 9925:BE0740924404
- LEI code
- 984500401C5F0004A193 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-01-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Het bestuursorgaan stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Het kan hen op elk…”deed of 10-01-2020 (in Dutch)
- Website
- www.mind-shift.be
- Peppol
- Reachable since 05-11-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Mind.Shift in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-01-2020 (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 10-01-2020 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
82990
Other business support services
95110
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Ontwerpen en programmeren van computerprogramma's; Computerconsultancy-activiteiten; Overige diensten op het gebied van…”deed of 10-01-2020 (in Dutch)
6 activities
- Ontwerpen en programmeren van computerprogramma's
- Computerconsultancy-activiteiten
- Overige diensten op het gebied van informatietechnologie en computer
- Overige adviesbureaus op het gebied van bedrijfsbeheer;adviesbureaus op het gebied van bedrijfsvoering
- Overige zakelijke dienstverlening,n.e.g.
- Reparatie van computers en randapparatuur
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Weerdesteenweg 2 B registered office 1982 Zemst | ||
| Weerdesteenweg 2 B 1982 Zemst | 08-01-2020 | 2.297.748.173 |
1 former office
- Aarschotbaan 4, 2580 Putte until 18-07-2022 · deed of 16-08-2022
Buildings and parcels at the address
- Ground area
- 411 m²
- Buildings
- 139 m²
- Volume, LiDAR
- 686 m³
- Tallest building
- 8.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23018E0127/00H000 | 411 m² | 1 · 139 m² | 8.1 m · 2 |