MINDBLOB
ActiveSummary
The annual accounts of MINDBLOB for fiscal year 2025 show a net loss of 63% of total assets and of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €9,499 and a net result of -€11,184. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 8737 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency79▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.98 against 9.19 in 2024; short-term debt: 46.4% and cash: 37.8% of total assets), and 46.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
53.6%
Return on assets
-63.1%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,184
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
18 d late
2024
19 d late
2023
27 d late
2022
29 d late
2021
22 d late
2020
60 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€9,499▼ 54.1%
2024 · €20,683
Total assets
€17,733▼ 22.9%
2024 · €22,988
Net result
-€11,184▼ 42.7%
2024 · -€7,836
Working capital
€8,078▼ 57.2%
2024 · €18,881
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,230€17,029▲ 1,284%-€12,129-€7,779▲ 35.9%-€11,213▼ 44.1%
Net result-€3,345below the sector's middle half▲ 84.9%€11,423within the sector's middle half-€4,292below the sector's middle half-€7,836below the sector's middle half▼ 82.6%-€11,184below the sector's middle half▼ 42.7%
Equity€21,387below the sector's middle half▼ 13.5%€32,810within the sector's middle half▲ 53.4%€28,518within the sector's middle half▼ 13.1%€20,683below the sector's middle half▼ 27.5%€9,499below the sector's middle half▼ 54.1%
Total assets€86,393within the sector's middle half▲ 3.9%€38,296below the sector's middle half▼ 55.7%€29,062below the sector's middle half▼ 24.1%€22,988below the sector's middle half▼ 20.9%€17,733below the sector's middle half▼ 22.9%
Debt€65,006▲ 11.2%€5,486▼ 91.6%€543▼ 90.1%€2,305▲ 324%€8,234▲ 257%
Working capital€11,548▼ 24.7%€29,303▲ 154%€24,100▼ 17.8%€18,881▼ 21.7%€8,078▼ 57.2%
Solvency24.8%below the sector's middle half▼ 5.0pp85.7%above the sector's middle half▲ 60.9pp98.1%above the sector's middle half▲ 12.5pp90.0%above the sector's middle half▼ 8.2pp53.6%within the sector's middle half▼ 36.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,213 in 2025 against €7,779 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,733
Fixed assets
€1,420 ▼ 21.2%
Current assets
€16,313 ▼ 23.0%
Equity and liabilities €17,733
Equity
€9,499 ▼ 54.1%
Debt
€8,234 ▲ 257%
Debt's share of the balance-sheet total rises from 10.0% to 46.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,064▼
2024 · -€5,163
Cash flow
-€11,035▼
2024 · -€5,219
Current ratio
1.98▼
2024 · 9.19
Debt to equity
0.87▲
2024 · 0.11
ROE
-117.7%▼
2024 · -37.9%
ROA
-63.1%▼
2024 · -34.1%
Interest coverage
-80.99▼
2024 · -48.89
Debt ≤ 1 year
€8,234▲
2024 · €2,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,930 | - | - | €289 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,499 | €1,066 | €2,557 | €2,616 | €149 | ▼ 94.3% |
| Other operating charges640/8 | €609 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | €3,361 | - | - | €1,502 | - |
| Gross operating margin9900 | €17,339 | €21,803 | -€9,188 | -€4,775 | -€9,163 | ▼ 91.9% |
| Operating profit (loss)9901 | €1,230 | €17,029 | -€12,129 | -€7,779 | -€11,213 | ▼ 44.1% |
| Financial income75/76B | €0 | €11 | €27 | €49 | €166 | ▲ 240% |
| Recurring financial income75 | €0 | €11 | €27 | €49 | €166 | ▲ 240% |
| Financial charges65/66B | €693 | €367 | €98 | €106 | €137 | ▲ 29.4% |
| Recurring financial charges65 | €693 | €367 | €98 | €106 | €137 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | €537 | €16,673 | -€12,200 | -€7,836 | -€11,184 | ▼ 42.7% |
| Income taxes67/77 | €3,882 | €5,250 | -€7,909 | - | - | - |
| Profit (loss) for the period9904 | -€3,345 | €11,423 | -€4,292 | -€7,836 | -€11,184 | ▼ 42.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,345 | €11,423 | -€4,292 | -€7,836 | -€11,184 | ▼ 42.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,393 | €38,296 | €29,062 | €22,988 | €17,733 | ▼ 22.9% |
| Fixed assets21/28 | €31,871 | €3,506 | €4,418 | €1,802 | €1,420 | ▼ 21.2% |
| Tangible fixed assets22/27 | €31,871 | €3,506 | €4,418 | €1,802 | €1,420 | ▼ 21.2% |
| Furniture and vehicles24 | €31,871 | €3,506 | €4,418 | €1,802 | €1,420 | ▼ 21.2% |
| Current assets29/58 | €54,523 | €34,790 | €24,644 | €21,186 | €16,313 | ▼ 23.0% |
| Amounts receivable within one year40/41 | €9,597 | €200 | €263 | €6,453 | €8,981 | ▲ 39.2% |
| Trade receivables40 | €9,597 | - | - | €2,242 | €8,655 | ▲ 286% |
| Other amounts receivable41 | - | €200 | €263 | €4,212 | €326 | ▼ 92.3% |
| Current investments50/53 | €3,000 | €3,000 | €4,505 | €3,500 | €520 | ▼ 85.1% |
| Cash at bank and in hand54/58 | €41,048 | €31,590 | €19,876 | €11,233 | €6,709 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €878 | - | - | - | €102 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,393 | €38,296 | €29,062 | €22,988 | €17,733 | ▼ 22.9% |
| Equity10/15 | €21,387 | €32,810 | €28,518 | €20,683 | €9,499 | ▼ 54.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €23,698 | €23,698 | €23,698 | €23,698 | €23,698 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €2,654 | €2,654 | €2,654 | €2,654 | €2,654 | = |
| Distributable reserves133 | €19,184 | €19,184 | €19,184 | €19,184 | €19,184 | = |
| Profit (loss) carried forward14 | -€8,510 | €2,912 | -€1,379 | -€9,215 | -€20,399 | ▼ 121% |
| Amounts payable17/49 | €65,006 | €5,486 | €543 | €2,305 | €8,234 | ▲ 257% |
| Amounts payable after more than one year17 | €22,032 | - | - | - | - | - |
| Financial debts170/4 | €22,032 | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,974 | €5,486 | €543 | €2,305 | €8,234 | ▲ 257% |
| Current portion of amounts payable after more than one year42 | €13,738 | - | - | - | - | - |
| Financial debts43 | €330 | - | - | - | - | - |
| Credit institutions430/8 | €330 | - | - | - | - | - |
| Trade debts44 | €3,135 | €236 | €543 | €2,305 | €8,234 | ▲ 257% |
| Suppliers440/4 | €3,135 | €236 | €543 | €2,305 | €8,234 | ▲ 257% |
| Taxes, remuneration and social security45 | €4,443 | €5,250 | - | - | - | - |
| Taxes450/3 | €4,443 | €5,250 | - | - | - | - |
| Other amounts payable47/48 | €21,327 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,345 | €11,423 | -€4,292 | -€7,836 | -€11,184 | ▼ 42.7% |
| + Depreciation and write-downs630 | €15,499 | €1,066 | €2,557 | €2,616 | €149 | ▼ 94.3% |
| Operating cash flow (approximation) | €12,154 | €12,488 | -€1,735 | -€5,219 | -€11,035 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €27,298 | -€3,469 | €0 | €232 | - |
| Change in cash | - | -€9,458 | -€11,714 | -€8,643 | -€4,524 | ▲ 47.7% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity times 7current ratio 45.36
Current ratio from 6.34 to 45.36; short-term debt falls from €5,486 to €543.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €11,423
Net result €11,423 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 6.34
Current ratio from 1.27 to 6.34; short-term debt falls from €42,974 to €5,486.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€22,139
Net result drops to -€22,139, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Tournai · 2 establishment units since 2018
Ground area
2,692 m²
Building footprint
315 m²
Volume, LiDAR
784 m³
2 parcels, Wallonia · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Mindblob
since 20182.274.790.847
Résidence des Mottes(FRY) 8, 7503 Tournai
since 20222.334.436.444
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031B0523/00W002 | Wallonia | 1,356 m² | 1 · 184 m² | 11.5 m · 1 fl. |
| 25092B0298/00V000 | Wallonia | 1,336 m² | 1 · 132 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 22,395 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 (pre-2019)
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693782701
Registered
02-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.