MindCuBe
ActiveSummary
MindCuBe has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €125,326 and a net result of €106,726. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-31
Solvency51▼-49
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.7 against 14.68 in 2023; short-term debt: 73.7% and cash: 7.7% of total assets), and 73.7% of the assets are financed with debt.
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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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€125,326▼ 82.2%
2023 · €705,172
Total assets
€476,668▼ 35.6%
2023 · €739,997
Net result
€106,726▼ 73.0%
2023 · €394,666
Working capital
-€106,059
2023 · €476,361
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€52,731▼ 4.7%€54,466▲ 3.3%€56,295▲ 3.4%€29,642▼ 47.3%€11,732▼ 60.4%
Net result€73,142▲ 0.9%€78,809▲ 7.7%€67,462▼ 14.4%€394,666▲ 485%€106,726▼ 73.0%
Equity€164,235▲ 80.3%€243,044▲ 48.0%€310,507▲ 27.8%€705,172▲ 127%€125,326▼ 82.2%
Total assets€371,011▲ 16.3%€361,901▼ 2.5%€397,712▲ 9.9%€739,997▲ 86.1%€476,668▼ 35.6%
Debt€206,776▼ 9.3%€118,857▼ 42.5%€87,205▼ 26.6%€34,825▼ 60.1%€351,342▲ 909%
Working capital€8,246€67,584▲ 720%€108,626▲ 60.7%€476,361▲ 339%-€106,059
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 two years in a row; 2024 is 60% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €476,668
Fixed assets
€231,385 ▲ 1.1%
Current assets
€245,283 ▼ 52.0%
Equity and liabilities €476,668
Equity
€125,326 ▼ 82.2%
Debt
€351,342 ▲ 909%
Debt's share of the balance-sheet total rises from 4.7% to 73.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,950▼
2023 · €32,611
Cash flow
€108,944▼
2023 · €397,635
Current ratio
0.70▼
2023 · 14.68
Debt to equity
2.80▲
2023 · 0.05
ROE
85.2%▲
2023 · 56.0%
ROA
22.4%▼
2023 · 53.3%
Interest coverage
2.72▼
2023 · 20.71
Debt ≤ 1 year
€351,342▲
2023 · €34,825
Income taxes
€3,067▼
2023 · €8,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,683 | €3,280 | €2,950 | €2,969 | €2,218 | ▼ 25.3% |
| Other operating charges640/8 | - | €1,572 | €1,038 | €1,384 | €1,752 | ▲ 26.6% |
| Non-recurring operating charges66A | - | €2,058 | - | - | - | - |
| Gross operating margin9900 | €59,278 | €61,376 | €60,283 | €33,995 | €15,702 | ▼ 53.8% |
| Operating profit (loss)9901 | €52,731 | €54,466 | €56,295 | €29,642 | €11,732 | ▼ 60.4% |
| Financial income75/76B | - | €38,925 | €40,001 | €375,355 | €103,193 | ▼ 72.5% |
| Recurring financial income75 | €35,420 | €38,925 | €40,001 | €375,355 | €103,193 | ▼ 72.5% |
| Financial charges65/66B | - | €2,056 | €1,189 | €1,575 | €5,132 | ▲ 226% |
| Recurring financial charges65 | €3,069 | €2,056 | €1,189 | €1,575 | €5,132 | ▲ 226% |
| Profit (loss) for the period before taxes9903 | €85,082 | €91,335 | €95,107 | €403,422 | €109,793 | ▼ 72.8% |
| Income taxes67/77 | €11,940 | €12,526 | €27,645 | €8,756 | €3,067 | ▼ 65.0% |
| Profit (loss) for the period9904 | €73,142 | €78,809 | €67,462 | €394,666 | €106,726 | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €73,142 | €78,809 | €67,462 | €394,666 | €106,726 | ▼ 73.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €371,011 | €361,901 | €397,712 | €739,997 | €476,668 | ▼ 35.6% |
| Fixed assets21/28 | €240,969 | €230,694 | €227,744 | €228,811 | €231,385 | ▲ 1.1% |
| Tangible fixed assets22/27 | €15,669 | €5,394 | €2,444 | €3,511 | €6,085 | ▲ 73.3% |
| Plant, machinery and equipment23 | - | €1,091 | €469 | - | - | - |
| Furniture and vehicles24 | - | €4,303 | €1,975 | €3,511 | €6,085 | ▲ 73.3% |
| Financial fixed assets28 | €225,300 | €225,300 | €225,300 | €225,300 | €225,300 | = |
| Current assets29/58 | €130,042 | €131,207 | €169,968 | €511,186 | €245,283 | ▼ 52.0% |
| Amounts receivable within one year40/41 | €91,052 | €102,931 | €115,798 | €38,483 | €157,044 | ▲ 308% |
| Trade receivables40 | - | €65,340 | €72,600 | €19,360 | €39,930 | ▲ 106% |
| Other amounts receivable41 | - | €37,591 | €43,198 | €19,123 | €117,114 | ▲ 512% |
| Current investments50/53 | €7,000 | - | - | - | €49,000 | - |
| Cash at bank and in hand54/58 | €23,708 | €17,870 | €51,731 | €470,550 | €36,585 | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | €10,406 | €2,439 | €2,153 | €2,654 | ▲ 23.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €371,011 | €361,901 | €397,712 | €739,997 | €476,668 | ▼ 35.6% |
| Equity10/15 | €164,235 | €243,044 | €310,507 | €705,172 | €125,326 | ▼ 82.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €145,635 | €224,444 | €291,907 | €686,572 | €106,726 | ▼ 84.5% |
| Distributable reserves133 | - | €224,444 | €291,907 | €686,572 | €106,726 | ▼ 84.5% |
| Amounts payable17/49 | €206,776 | €118,857 | €87,205 | €34,825 | €351,342 | ▲ 909% |
| Amounts payable after more than one year17 | €84,980 | €55,234 | €25,863 | - | - | - |
| Financial debts170/4 | - | €55,234 | €25,863 | - | - | - |
| Amounts payable within one year42/48 | €121,796 | €63,623 | €61,342 | €34,825 | €351,342 | ▲ 909% |
| Current portion of amounts payable after more than one year42 | - | €29,746 | €29,371 | €25,862 | - | - |
| Trade debts44 | €2,214 | €16,407 | €11,223 | €8,963 | €11,401 | ▲ 27.2% |
| Suppliers440/4 | - | €16,407 | €11,223 | €8,963 | €11,401 | ▲ 27.2% |
| Taxes, remuneration and social security45 | - | €17,283 | €20,748 | - | €3,476 | - |
| Taxes450/3 | - | €14,080 | €20,748 | - | €2,354 | - |
| Remuneration and social security454/9 | - | €3,203 | - | - | €1,122 | - |
| Other amounts payable47/48 | - | €187 | - | - | €336,465 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,142 | €78,809 | €67,462 | €394,666 | €106,726 | ▼ 73.0% |
| + Depreciation and write-downs630 | €5,683 | €3,280 | €2,950 | €2,969 | €2,218 | ▼ 25.3% |
| Operating cash flow (approximation) | €78,825 | €82,089 | €70,412 | €397,635 | €108,944 | ▼ 72.6% |
| Investment in fixed assets (approximation) | - | €6,995 | €0 | -€4,036 | -€4,792 | ▼ 18.7% |
| Change in cash | - | -€5,838 | €33,861 | €418,819 | -€433,965 | ▼ 204% |
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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2019net €394,666 ▲485%
Net result €394,666, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 14.68
Current ratio from 2.77 to 14.68; short-term debt falls from €61,342 to €34,825.
31-12
Financial
Equity above €500,000Eq €705,172 ▲127%
5 profitable years in a row build equity to €705,172.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €67,462 ▼14.4%
Net result drops to €67,462, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €243,044 ▲48%
3 profitable years in a row build equity to €243,044.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €150,000Eq €164,235 ▲80.3%
2 profitable years in a row build equity to €164,235.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Overijse · 1 establishment unit since 2018
Ground area
695 m²
Building footprint
209 m²
Parcel 23542H0089/00N004, Flanders. Linked by address, not a title deed.
1 establishment unit
MindCuBe
since 20182.282.916.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23542H0089/00N004 | Flanders | 694 m² | 1 · 209 m² | - |
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
2024 · 1 entry · 2,730 EUR awarded · 2,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,730 EUR | 2,730 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9845007T8B9993E89F35
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,394. 15,454 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
Founded20-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.