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MINDBREW

Active
Private limited companyfounded 20233 yrs activeAarschotsebaan 139, 2590 Berlaar, BelgiumKBO/BCE: BE 0805.028.635
Summary

MINDBREW has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73,805 and a net result of €72,805. Its solvency ranks better than 45% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes
Profitability100
Solvency78
Growth-
Track record79
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.69; short-term debt: 28.7% and cash: 64% of total assets), and 47.2% of the assets are financed with debt.
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Signals

Three 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 1 filing
Deviation from the deadline
2024
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 7 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MINDBREW was incorporated on 23 August 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€73,805
Total assets
€139,855
Net result
€72,805
Working capital
€67,733

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €139,855
Fixed assets €31,926
Current assets €107,929
Equity and liabilities €139,855
Equity €73,805
Debt €66,050
Debt finances 47.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€106,285
Cash flow
€83,910
Current ratio
2.69
Debt to equity
0.89
ROE
98.6%
ROA
52.1%
Interest coverage
93.41
Debt ≤ 1 year
€40,196
Debt > 1 year
€25,854
Income taxes
€21,237

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€139,855
Fixed assets21/28€31,926
Tangible fixed assets22/27€31,926
Furniture and vehicles24€31,926
Current assets29/58€107,929
Amounts receivable within one year40/41€18,435
Trade receivables40€18,435
Cash at bank and in hand54/58€89,494
Equity and liabilities
Total equity and liabilities10/49€139,855
Equity10/15€73,805
Contributions10/11€1,000
Reserves13€72,805
Distributable reserves133€72,805
Amounts payable17/49€66,050
Amounts payable after more than one year17€25,854
Financial debts170/4€25,854
Amounts payable within one year42/48€40,196
Current portion of amounts payable after more than one year42€8,178
Trade debts44€906
Suppliers440/4€906
Advances received on contracts in progress46€12
Taxes, remuneration and social security45€30,303
Taxes450/3€30,303
Other amounts payable47/48€797
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,105
Other operating charges640/8€1,100
Gross operating margin9900€107,385
Operating profit (loss)9901€95,180
Financial charges65/66B€1,138
Recurring financial charges65€1,138
Profit (loss) for the period before taxes9903€94,042
Income taxes67/77€21,237
Profit (loss) for the period9904€72,805
Profit (loss) for the period to be appropriated9905€72,805
Appropriation of the result
Profit (loss) to be appropriated9906€72,805
Transfer to equity691/2€72,805
To other reserves6921€72,805

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,105
Other operating charges640/8€1,100
Gross operating margin9900€107,385
Operating profit (loss)9901€95,180
Financial charges65/66B€1,138
Recurring financial charges65€1,138
Profit (loss) for the period before taxes9903€94,042
Income taxes67/77€21,237
Profit (loss) for the period9904€72,805
Profit (loss) for the period to be appropriated9905€72,805
Line2024
Assets
Total assets20/58€139,855
Fixed assets21/28€31,926
Tangible fixed assets22/27€31,926
Furniture and vehicles24€31,926
Current assets29/58€107,929
Amounts receivable within one year40/41€18,435
Trade receivables40€18,435
Cash at bank and in hand54/58€89,494
Equity and liabilities
Total equity and liabilities10/49€139,855
Equity10/15€73,805
Contributions10/11€1,000
Reserves13€72,805
Distributable reserves133€72,805
Amounts payable17/49€66,050
Amounts payable after more than one year17€25,854
Financial debts170/4€25,854
Amounts payable within one year42/48€40,196
Current portion of amounts payable after more than one year42€8,178
Trade debts44€906
Suppliers440/4€906
Advances received on contracts in progress46€12
Taxes, remuneration and social security45€30,303
Taxes450/3€30,303
Other amounts payable47/48€797
Line2024
Profit (loss) for the period9904€72,805
+ Depreciation and write-downs630€11,105
Operating cash flow (approximation)€83,910

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
07-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Berlaar · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
526 m²
Building footprint
328 m²
Volume, LiDAR
1,094 m³
Parcel 12002C0767/00D004, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MINDBREW
Aarschotsebaan 139, 2590 BerlaarReal estate development
since 20232.348.881.130
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12002C0767/00D004 Flanders 526 m² 1 · 328 m² 11.2 m · 1 fl.
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.

Similar companies · same sector, comparable size

Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 39,873 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
Founded23-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805028635
Also 9925:BE0805028635
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.