MindCo
ActiveSummary
MindCo has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €27k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-2
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 10.09 against 3.09 in 2024; short-term debt: 8.3% and cash: 12.8% of total assets), and 8.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 dateAge against the risk zone
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
91.7%
Return on assets
13.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-12-2025, 142 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
142 d early
2024
141 d early
2023
13 d early
2022
54 d early
2021
116 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€186k▲ 15.5%
2024 · €161k
2021: €73klowest in 5 years
2022: €129k▲ +75.9% vs 2021
2023: €168k▲ +30.4% vs 2022
2024: €161k▼ -4.3% vs 2023
2025: €186k▲ +15.5% vs 2024highest in 5 years
2021 → 2025
Total assets
€202k▼ 6.0%
2024 · €215k
2021: €104klowest in 5 years
2022: €246k▲ +136% vs 2021highest in 5 years
2023: €220k▼ -10.3% vs 2022
2024: €215k▼ -2.3% vs 2023
2025: €202k▼ -6.0% vs 2024
2021 → 2025
Net result
€27k▼ 16.3%
2024 · €32k
2021: €55k
2022: €57k▲ +4.3% vs 2021highest in 5 years
2023: €39k▼ -31.4% vs 2022
2024: €32k▼ -19.0% vs 2023
2025: €27k▼ -16.3% vs 2024lowest in 5 years
2021 → 2025
Working capital
€152k▲ 36.4%
2024 · €112k
2021: €70k
2022: €45k▼ -35.9% vs 2021lowest in 5 years
2023: €115k▲ +159% vs 2022
2024: €112k▼ -3.3% vs 2023
2025: €152k▲ +36.4% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€129k▲ 75.9%€168k▲ 30.4%€161k▼ 4.3%€186k▲ 15.5%
2021: €73klowest in 5 years
2022: €129k▲ +75.9% vs 2021
2023: €168k▲ +30.4% vs 2022
2024: €161k▼ -4.3% vs 2023
2025: €186k▲ +15.5% vs 2024highest in 5 years
Operating result€77k-€81k▲ 5.6%€55k▼ 32.2%€38k▼ 30.7%€33k▼ 12.7%
2021: €77k
2022: €81k▲ +5.6% vs 2021highest in 5 years
2023: €55k▼ -32.2% vs 2022
2024: €38k▼ -30.7% vs 2023
2025: €33k▼ -12.7% vs 2024lowest in 5 years
Net result€55k-€57k▲ 4.3%€39k▼ 31.4%€32k▼ 19.0%€27k▼ 16.3%
2021: €55k
2022: €57k▲ +4.3% vs 2021highest in 5 years
2023: €39k▼ -31.4% vs 2022
2024: €32k▼ -19.0% vs 2023
2025: €27k▼ -16.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€33k ▼ 33.9%
Current assets
€169k ▲ 2.5%
Equity and liabilities €202k
Equity
€186k ▲ 15.5%
Debt
€17k ▼ 69.3%
Debt's share of the balance-sheet total falls from 25.4% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▼
2024 · €56k
Cash flow
€44k▼
2024 · €50k
Current ratio
10.09▲
2024 · 3.09
Debt to equity
0.09▼
2024 · 0.34
ROE
14.3%▼
2024 · 19.7%
ROA
13.1%▼
2024 · 14.7%
Interest coverage
199.59▲
2024 · 114.66
Debt ≤ 1 year
€17k▼
2024 · €53k
Income taxes
€11k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€215k€202k▼
Fixed assets21/28€50k€33k▼
Tangible fixed assets22/27€50k€33k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€48k€32k▼
Current assets29/58€165k€169k▲
Amounts receivable after more than one year29€20k-
Other amounts receivable291€20k-
Amounts receivable within one year40/41€22k€138k▲
Trade receivables40€15k€14k▼
Other amounts receivable41€7k€123k▲
Current investments50/53€76k-
Cash at bank and in hand54/58€45k€26k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€215k€202k▼
Equity10/15€161k€186k▲
Contributions10/11€20k€20k=
Reserves13€141k€166k▲
Distributable reserves133€141k€166k▲
Amounts payable17/49€55k€17k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€53k€17k▼
Current portion of amounts payable after more than one year42€13k€1k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€32k€2k▼
Accrued charges and deferred income492/3€167-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Other operating charges640/8€929€1k▲
Gross operating margin9900€57k€52k▼
Operating profit (loss)9901€38k€33k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€489€255▼
Recurring financial charges65€489€255▼
Profit (loss) for the period before taxes9903€40k€37k▼
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€32k€27k▼
Profit (loss) for the period to be appropriated9905€32k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€27k▼
Profit (loss) brought forward from the previous period14P€7k-
Transfer to equity691/2-€25k
To other reserves6921-€25k
Profit to be distributed694/7€39k€2k▼
Return on contributions (dividend)694€39k€2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €237 | €2k | €18k | €18k | €18k | ▼ 2.2% |
| Other operating charges640/8 | - | €57 | €774 | €929 | €1k | ▲ 8.9% |
| Non-recurring operating charges66A | - | - | €723 | - | - | - |
| Gross operating margin9900 | €77k | €83k | €74k | €57k | €52k | ▼ 9.0% |
| Operating profit (loss)9901 | €77k | €81k | €55k | €38k | €33k | ▼ 12.7% |
| Financial income75/76B | - | - | €622 | €3k | €4k | ▲ 52.2% |
| Recurring financial income75 | - | - | €622 | €3k | €4k | ▲ 52.2% |
| Financial charges65/66B | - | €1k | €1k | €489 | €255 | ▼ 47.9% |
| Recurring financial charges65 | €821 | €1k | €1k | €489 | €255 | ▼ 47.9% |
| Profit (loss) for the period before taxes9903 | €76k | €80k | €54k | €40k | €37k | ▼ 7.6% |
| Income taxes67/77 | €21k | €22k | €15k | €9k | €11k | ▲ 23.7% |
| Profit (loss) for the period9904 | €55k | €57k | €39k | €32k | €27k | ▼ 16.3% |
| Profit (loss) for the period to be appropriated9905 | €55k | €57k | €39k | €32k | €27k | ▼ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104k | €246k | €220k | €215k | €202k | ▼ 6.0% |
| Fixed assets21/28 | €4k | €84k | €67k | €50k | €33k | ▼ 33.9% |
| Tangible fixed assets22/27 | €4k | €84k | €67k | €50k | €33k | ▼ 33.9% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €1k | ▼ 51.9% |
| Furniture and vehicles24 | - | €81k | €65k | €48k | €32k | ▼ 33.2% |
| Current assets29/58 | €101k | €161k | €153k | €165k | €169k | ▲ 2.5% |
| Amounts receivable after more than one year29 | - | - | €20k | €20k | - | - |
| Other amounts receivable291 | - | - | €20k | €20k | - | - |
| Amounts receivable within one year40/41 | €29k | €19k | €15k | €22k | €138k | ▲ 530% |
| Trade receivables40 | - | €17k | €15k | €15k | €14k | ▼ 4.3% |
| Other amounts receivable41 | - | €2k | - | €7k | €123k | ▲ 1,702% |
| Current investments50/53 | - | - | €50k | €76k | - | - |
| Cash at bank and in hand54/58 | €72k | €142k | €67k | €45k | €26k | ▼ 42.5% |
| Deferred charges and accrued income490/1 | - | €227 | €1k | €2k | €5k | ▲ 177% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104k | €246k | €220k | €215k | €202k | ▼ 6.0% |
| Equity10/15 | €73k | €129k | €168k | €161k | €186k | ▲ 15.5% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €53k | €109k | €141k | €141k | €166k | ▲ 17.7% |
| Distributable reserves133 | - | €109k | €141k | €141k | €166k | ▲ 17.7% |
| Profit (loss) carried forward14 | - | - | €7k | - | - | - |
| Amounts payable17/49 | €31k | €117k | €52k | €55k | €17k | ▼ 69.3% |
| Amounts payable after more than one year17 | - | - | €15k | €1k | - | - |
| Financial debts170/4 | - | - | €15k | €1k | - | - |
| Amounts payable within one year42/48 | €31k | €117k | €38k | €53k | €17k | ▼ 68.6% |
| Current portion of amounts payable after more than one year42 | - | - | €13k | €13k | €1k | ▼ 91.6% |
| Trade debts44 | €1k | €91k | €2k | €2k | €7k | ▲ 356% |
| Suppliers440/4 | - | €91k | €2k | €2k | €7k | ▲ 356% |
| Taxes, remuneration and social security45 | - | €23k | €22k | €6k | €7k | ▲ 9.1% |
| Taxes450/3 | - | €23k | €22k | €6k | €7k | ▲ 9.1% |
| Other amounts payable47/48 | - | €3k | €1k | €32k | €2k | ▼ 94.8% |
| Accrued charges and deferred income492/3 | - | - | - | €167 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €57k | €39k | €32k | €27k | ▼ 16.3% |
| + Depreciation and write-downs630 | €237 | €2k | €18k | €18k | €18k | ▼ 2.2% |
| Operating cash flow (approximation) | €55k | €59k | €57k | €50k | €44k | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | €-83k | €-677 | €-1k | €-459 | ▲ 65.3% |
| Change in cash | - | €70k | €-75k | €-22k | €-19k | ▲ 12.4% |
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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Weakest financial yearnet €27k ▼16.3%
Net result drops to €27k, the lowest in the series.
30-09
Financial
Liquidity triplescurrent ratio 10.09
Current ratio from 3.09 to 10.09; short-term debt falls from €53k to €17k.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 4.05
Current ratio from 1.38 to 4.05; short-term debt falls from €117k to €38k.
30-09
Financial
Equity above €150kEq €168k ▲30.4%
3 profitable years in a row build equity to €168k.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2021net €57k ▲4.3%
Operating result €81k, net result €57k, both a record.
30-09
Financial
Equity above €100kEq €129k ▲75.9%
2 profitable years in a row build equity to €129k.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pajottegem · 1 establishment unit since 2020
Ground area
1,736 m²
Building footprint
333 m²
Volume, LiDAR
1,824 m³
Parcel 23076A0712/00C000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MindCo
since 20202.309.743.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23076A0712/00C000 | Flanders | 1,736 m² | 1 · 333 m² | 8.5 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,051 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
Founded10-11-2020
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.