MinDCet
ActiveSummary
MinDCet has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €153,974. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+4
Solvency89▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.27 in 2024; short-term debt: 24.8% and cash: 2.2% of total assets), and 35.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer 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
64.1%
Return on assets
3.5%
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 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
1 d early
2023
58 d late
2022
34 d early
2021
16 d late
2020
60 d early
2019
36 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 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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. Usually files around 30 July (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.8m▼ 0.9%
2024 · €2.9m
Total assets
€4.4m▲ 0.7%
2024 · €4.4m
Net result
€153,974▲ 1,220%
2024 · €11,665
Working capital
€674,752▲ 120%
2024 · €307,159
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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-€11,418-€254,907▼ 2,133%-€220,824▲ 13.4%-€198,264▲ 10.2%-€15,037▲ 92.4%
Net result€224,357within the sector's middle half▲ 122%€28,802within the sector's middle half▼ 87.2%€8,677within the sector's middle half▼ 69.9%€11,665within the sector's middle half▲ 34.4%€153,974within the sector's middle half▲ 1,220%
Equity€3.0mabove the sector's middle half▲ 49.4%€2.8mabove the sector's middle half▼ 6.9%€3.0mabove the sector's middle half▲ 8.0%€2.9mabove the sector's middle half▼ 5.9%€2.8mabove the sector's middle half▼ 0.9%
Total assets€4.1mabove the sector's middle half▲ 21.5%€4.4mabove the sector's middle half▲ 7.4%€4.7mabove the sector's middle half▲ 8.0%€4.4mabove the sector's middle half▼ 6.5%€4.4mabove the sector's middle half▲ 0.7%
Debt€870,028▼ 33.6%€1.4m▲ 62.3%€1.5m▲ 6.4%€1.4m▼ 6.0%€1.5m▲ 6.9%
Working capital€1.6mabove the sector's middle half▲ 25.4%€1.1mabove the sector's middle half▼ 29.9%€843,548within the sector's middle half▼ 23.1%€307,159within the sector's middle half▼ 63.6%€674,752within the sector's middle half▲ 120%
Solvency74.7%within the sector's middle half▲ 14.0pp64.8%within the sector's middle half▼ 10.0pp64.7%within the sector's middle half=65.1%within the sector's middle half▲ 0.4pp64.1%within the sector's middle half▼ 1.1pp
Current ratio3.14within the sector's middle half▼ 0.481.86within the sector's middle half▼ 1.281.63within the sector's middle half▼ 0.231.27within the sector's middle half▼ 0.361.61within the sector's middle half▲ 0.34
Return on assets (ROA)5.5%within the sector's middle half▲ 2.5pp0.7%within the sector's middle half▼ 4.9pp0.2%within the sector's middle half▼ 0.5pp0.3%within the sector's middle half▲ 0.1pp3.5%within the sector's middle half▲ 3.2pp
Staff (FTE)13.1above the sector's middle half▲ 3.1%15.9above the sector's middle half▲ 21.4%14.8above the sector's middle half▼ 6.9%15.3above the sector's middle half▲ 3.4%14above the sector's middle half▼ 8.5%
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,037 in 2025 against €198,264 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€2.7m ▼ 9.9%
Current assets
€1.8m ▲ 22.5%
Equity and liabilities €4.4m
Equity
€2.8m ▼ 0.9%
Provisions
€82,962 ▼ 31.8%
Debt
€1.5m ▲ 6.9%
Debt's share of the balance-sheet total rises from 32.1% to 34.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €773,538
Cash flow
€1.2m▲
2024 · €983,467
Debt to equity
0.53▲
2024 · 0.49
ROE
5.4%▲
2024 · 0.4%
Interest coverage
15.02▲
2024 · 13.33
Debt ≤ 1 year
€1.1m▼
2024 · €1.1m
Debt > 1 year
€0▼
2024 · €269,341
Income taxes
-€18,075▲
2024 · -€40,204
Staff costs
€1.4m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
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 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 6,045 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 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.0m | €1.3m | €1.4m | €1.4m | €1.4m | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €910,857 | €976,152 | €1.0m | €971,802 | €1.0m | ▲ 7.5% |
| Other operating charges640/8 | €19,436 | €21,863 | €25,582 | €11,327 | €2,340 | ▼ 79.3% |
| Non-recurring operating charges66A | €0 | - | - | - | €9,937 | - |
| Gross operating margin9900 | €1.9m | €2.0m | €2.2m | €2.2m | €2.4m | ▲ 11.0% |
| Operating profit (loss)9901 | -€11,418 | -€254,907 | -€220,824 | -€198,264 | -€15,037 | ▲ 92.4% |
| Financial income75/76B | €245,392 | €238,048 | €183,272 | €192,690 | €180,758 | ▼ 6.2% |
| Recurring financial income75 | €245,392 | €238,048 | €183,272 | €192,690 | €180,758 | ▼ 6.2% |
| Financial charges65/66B | €11,444 | €16,662 | €26,523 | €58,040 | €68,553 | ▲ 18.1% |
| Recurring financial charges65 | €11,444 | €16,662 | €26,523 | €58,040 | €68,553 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €222,530 | -€33,522 | -€64,075 | -€63,614 | €97,168 | ▲ 253% |
| Transfer from deferred taxes780 | €21,599 | €31,210 | €22,172 | €35,075 | €38,732 | ▲ 10.4% |
| Income taxes67/77 | €19,772 | -€31,114 | -€50,580 | -€40,204 | -€18,075 | ▲ 55.0% |
| Profit (loss) for the period9904 | €224,357 | €28,802 | €8,677 | €11,665 | €153,974 | ▲ 1,220% |
| Profit (loss) for the period to be appropriated9905 | €224,357 | €28,802 | €8,677 | €11,665 | €153,974 | ▲ 1,220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.4m | €4.7m | €4.4m | €4.4m | ▲ 0.7% |
| Fixed assets21/28 | €1.8m | €2.0m | €2.5m | €3.0m | €2.7m | ▼ 9.9% |
| Intangible fixed assets21 | €1.1m | €1.3m | €1.7m | €2.1m | €2.0m | ▼ 6.0% |
| Tangible fixed assets22/27 | €648,076 | €728,589 | €868,254 | €843,696 | €676,737 | ▼ 19.8% |
| Plant, machinery and equipment23 | €535,119 | €607,275 | €774,054 | €756,499 | €619,540 | ▼ 18.1% |
| Furniture and vehicles24 | €46,107 | €58,665 | €46,817 | €51,763 | €35,837 | ▼ 30.8% |
| Other tangible fixed assets26 | €66,850 | €62,649 | €47,382 | €35,433 | €21,360 | ▼ 39.7% |
| Current assets29/58 | €2.3m | €2.4m | €2.2m | €1.4m | €1.8m | ▲ 22.5% |
| Amounts receivable after more than one year29 | €6,447 | €37,500 | €88,678 | €128,882 | €146,956 | ▲ 14.0% |
| Other amounts receivable291 | €6,447 | €37,500 | €88,678 | €128,882 | €146,956 | ▲ 14.0% |
| Amounts receivable within one year40/41 | €1.0m | €882,134 | €844,189 | €597,233 | €1.0m | ▲ 68.9% |
| Trade receivables40 | €141,594 | €214,613 | €186,530 | €147,200 | €754,278 | ▲ 412% |
| Other amounts receivable41 | €867,993 | €667,521 | €657,659 | €450,033 | €254,698 | ▼ 43.4% |
| Cash at bank and in hand54/58 | €704,392 | €460,975 | €265,519 | €145,848 | €96,423 | ▼ 33.9% |
| Deferred charges and accrued income490/1 | €573,822 | €994,370 | €986,940 | €575,743 | €521,414 | ▼ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.4m | €4.7m | €4.4m | €4.4m | ▲ 0.7% |
| Equity10/15 | €3.0m | €2.8m | €3.0m | €2.9m | €2.8m | ▼ 0.9% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €46,099 | €47,539 | €47,973 | €48,556 | €56,255 | ▲ 15.9% |
| Non-distributable reserves130/1 | €46,099 | €47,539 | €47,973 | €48,556 | €56,255 | ▲ 15.9% |
| Legal reserve130 | €46,099 | €47,539 | €47,973 | €48,556 | €56,255 | ▲ 15.9% |
| Profit (loss) carried forward14 | €995,307 | €1.0m | €1.0m | €1.0m | €1.2m | ▲ 14.0% |
| Investment grants15 | €777,351 | €539,889 | €755,597 | €563,889 | €383,954 | ▼ 31.9% |
| Provisions and deferred taxes16 | €154,651 | €123,441 | €156,456 | €121,694 | €82,962 | ▼ 31.8% |
| Deferred taxes168 | €154,651 | €123,441 | €156,456 | €121,694 | €82,962 | ▼ 31.8% |
| Amounts payable17/49 | €870,028 | €1.4m | €1.5m | €1.4m | €1.5m | ▲ 6.9% |
| Amounts payable after more than one year17 | €138,810 | €133,256 | €52,884 | €269,341 | €0 | ▼ 100% |
| Financial debts170/4 | €138,810 | €133,256 | €52,884 | €269,341 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €731,218 | €1.3m | €1.3m | €1.1m | €1.1m | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €85,499 | €107,554 | €80,372 | €35,328 | €269,341 | ▲ 662% |
| Financial debts43 | €75,000 | €255,784 | €541,829 | €829,735 | €406,250 | ▼ 51.0% |
| Credit institutions430/8 | €75,000 | €255,784 | €541,829 | €829,735 | €406,250 | ▼ 51.0% |
| Trade debts44 | €387,594 | €694,376 | €520,509 | €95,706 | €193,011 | ▲ 102% |
| Suppliers440/4 | €387,594 | €694,376 | €520,509 | €95,706 | €193,011 | ▲ 102% |
| Taxes, remuneration and social security45 | €183,125 | €220,176 | €197,532 | €178,542 | €226,313 | ▲ 26.8% |
| Taxes450/3 | €28,036 | €32,584 | €20,695 | €21,661 | €19,980 | ▼ 7.8% |
| Remuneration and social security454/9 | €155,089 | €187,593 | €176,837 | €156,881 | €206,333 | ▲ 31.5% |
| Other amounts payable47/48 | - | €696 | €1,535 | €1,235 | €4,102 | ▲ 232% |
| Accrued charges and deferred income492/3 | €0 | - | €107,262 | €1,380 | €409,474 | ▲ 29,566% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224,357 | €28,802 | €8,677 | €11,665 | €153,974 | ▲ 1,220% |
| + Depreciation and write-downs630 | €910,857 | €976,152 | €1.0m | €971,802 | €1.0m | ▲ 7.5% |
| Operating cash flow (approximation) | €1.1m | €1.0m | €1.0m | €983,467 | €1.2m | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€1.5m | -€1.4m | -€751,324 | ▲ 46.5% |
| Change in cash | - | -€243,416 | -€195,456 | -€119,672 | -€49,425 | ▲ 58.7% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €8,677 ▼69.9%
Net result drops to €8,677, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €224,357 ▲122%
Net result €224,357, the highest in the series.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.0m ▲5.2%
3 profitable years in a row build equity to €2.0m.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.9m ▲156%
2 profitable years in a row build equity to €1.9m.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
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 12 acts read
About the unread acts
We know of 12 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
12 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, Leuven · 1 establishment unit since 2011
Ground area
5,981 m²
Building footprint
1,442 m²
Volume, LiDAR
9,878 m³
Parcel 24514C0093/00V000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MinDCet
since 20112.204.093.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0093/00V000 | Flanders | 5,981 m² | 1 · 1,442 m² | 9.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 230,655 EUR awarded · 183,905 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 58,000 EUR |
| 2024 | 2 | 3,834 EUR | 119,834 EUR |
| 2023 | 2 | 224,265 EUR | 3,515 EUR |
| 2022 | 1 | 2,556 EUR | 2,556 EUR |
European research
3 projects · 968,225 EUR EU contributionProgrammes
Projects
GaN Transistor Integrated Circuits
Affordable smart GaN IC solutions as enabler of greener applications
Intelligent Reliability 4.0
Recognitions · licences · registrations
Legal Entity Identifier
967600WX1HO94JEE5V32
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Of 248 companies in sector 26110 we hold annual accounts for 182. 87 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
71121Engineering and related technical consultancy, excluding land surveyors
62200Computer consultancy and computer facilities management
71209Other technical testing and analysis
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840120364
Also
0208:840120364
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.