MINDFLOW
ActiveSummary
MINDFLOW has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,404 and a net result of €14,296. Equity is growing by about 54% per year across the filed financial years. Its solvency ranks better than 39% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 1.3 FTE
- Equity
- €29,404
- Profit
- €14,296
- BAERT ChristianDirector
- VAN GOMPEL MurielDirector
Why 88raises riskLast filed accounts filed 76 days late; 3 of the last 3 latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.36, cash €14,020Size: total assets €68,824Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 40% on solvency, 28% on liquidity, 64% on profitability and 88% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 57 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €14,296
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (76 days) Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00559508.
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €20,711 after a loss of €12,485 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,360 | €2,566 | - | €1,458 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €19,010 | €23,048 | €28,644 | ▲ 24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,022 | €23,588 | €7,416 | €7,409 | €7,001 | €5,438 | €3,988 | €5,609 | ▲ 40.6% |
| Other operating charges640/8 | - | - | - | €1,496 | €1,038 | €400 | €667 | €889 | ▲ 33.3% |
| Non-recurring operating charges66A | - | - | - | - | €461 | - | - | - | - |
| Gross operating margin9900 | -€12,067 | -€18,275 | €99,822 | €31,843 | €43,542 | €86,656 | €15,218 | €55,852 | ▲ 267% |
| Operating profit (loss)9901 | -€35,341 | -€43,126 | €90,952 | €22,938 | €35,042 | €61,808 | -€12,485 | €20,711 | - |
| Financial income75/76B | - | - | - | - | €15 | - | €35 | €269 | ▲ 663% |
| Recurring financial income75 | €24 | - | €33 | - | €15 | - | €35 | €269 | ▲ 663% |
| Financial charges65/66B | - | - | - | €2,989 | €2,506 | €1,205 | €287 | €486 | ▲ 69.4% |
| Recurring financial charges65 | €3,930 | €4,784 | €4,491 | €2,989 | €2,506 | €1,205 | €287 | €486 | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | -€39,247 | -€47,909 | €86,495 | €19,949 | €32,551 | €60,603 | -€12,737 | €20,494 | - |
| Income taxes67/77 | €202 | €184 | €270 | €286 | €319 | €14,223 | €301 | €6,198 | ▲ 21× |
| Profit (loss) for the period9904 | -€39,450 | -€48,094 | €86,225 | €19,663 | €32,232 | €46,380 | -€13,038 | €14,296 | - |
| Profit (loss) for the period to be appropriated9905 | -€39,450 | -€48,094 | €86,225 | €19,663 | €32,232 | €46,380 | -€13,038 | €14,296 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €35,642 | €18,104 | €51,299 | €53,885 | €66,881 | €77,487 | €55,100 | €68,824 | ▲ 24.9% |
| Fixed assets21/28 | €26,916 | €9,564 | €18,261 | €19,240 | €18,941 | €10,119 | €6,131 | €18,510 | ▲ 202% |
| Tangible fixed assets22/27 | €26,916 | €9,564 | €18,261 | €15,340 | €15,041 | €8,739 | €4,751 | €17,130 | ▲ 261% |
| Plant, machinery and equipment23 | - | - | - | €7,546 | €8,430 | €5,626 | €3,268 | €16,678 | ▲ 410% |
| Furniture and vehicles24 | - | - | - | €7,794 | €6,611 | €3,114 | €1,483 | €453 | ▼ 69.5% |
| Financial fixed assets28 | - | - | - | €3,900 | €3,900 | €1,380 | €1,380 | €1,380 | = |
| Current assets29/58 | €8,726 | €8,541 | €33,038 | €34,644 | €47,940 | €67,368 | €48,969 | €50,314 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €7,481 | €8,305 | €26,896 | €25,838 | €24,848 | €38,368 | €33,613 | €33,080 | ▼ 1.6% |
| Trade receivables40 | - | - | - | €25,724 | €24,734 | €38,368 | €33,613 | €30,930 | ▼ 8.0% |
| Other amounts receivable41 | - | - | - | €114 | €114 | - | - | €2,150 | - |
| Cash at bank and in hand54/58 | €1,245 | €236 | €6,143 | €8,806 | €23,092 | €29,000 | €15,356 | €14,020 | ▼ 8.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €3,214 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €35,642 | €18,104 | €51,299 | €53,885 | €66,881 | €77,487 | €55,100 | €68,824 | ▲ 24.9% |
| Equity10/15 | -€108,259 | -€156,353 | -€70,128 | -€50,465 | -€18,233 | €28,147 | €15,108 | €29,404 | ▲ 94.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €47,860 | €47,860 | €61,860 | ▲ 29.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | - | €46,000 | €46,000 | €61,860 | ▲ 34.5% |
| Profit (loss) carried forward14 | -€128,719 | -€176,813 | -€90,588 | -€70,925 | -€38,693 | -€38,313 | -€51,352 | -€51,056 | ▲ 0.6% |
| Amounts payable17/49 | €143,901 | €174,457 | €121,427 | €104,349 | €85,114 | €49,340 | €39,992 | €39,420 | ▼ 1.4% |
| Amounts payable after more than one year17 | €120,000 | €120,000 | €109,000 | €76,000 | €50,000 | €7,350 | - | - | - |
| Other amounts payable178/9 | - | - | - | €76,000 | €50,000 | €7,350 | - | - | - |
| Amounts payable within one year42/48 | €23,901 | €54,457 | €12,427 | €28,349 | €34,821 | €41,697 | €39,992 | €36,945 | ▼ 7.6% |
| Trade debts44 | €750 | €3,312 | €3,721 | €8,607 | €8,148 | €12,327 | €24,277 | €9,493 | ▼ 60.9% |
| Suppliers440/4 | - | - | - | €8,607 | €8,148 | €12,327 | €24,277 | €9,493 | ▼ 60.9% |
| Taxes, remuneration and social security45 | - | - | - | €17,807 | €20,761 | €23,842 | €15,383 | €27,452 | ▲ 78.5% |
| Taxes450/3 | - | - | - | €10,807 | €20,761 | €22,896 | €15,138 | €24,096 | ▲ 59.2% |
| Remuneration and social security454/9 | - | - | - | €7,000 | - | €946 | €245 | €3,356 | ▲ 14× |
| Other amounts payable47/48 | - | - | - | €1,934 | €5,911 | €5,528 | €332 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €294 | €294 | - | €2,475 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,450 | -€48,094 | €86,225 | €19,663 | €32,232 | €46,380 | -€13,038 | €14,296 | - |
| + Depreciation and write-downs630 | €22,022 | €23,588 | €7,416 | €7,409 | €7,001 | €5,438 | €3,988 | €5,609 | ▲ 40.6% |
| Operating cash flow (approximation) | -€17,428 | -€24,506 | €93,641 | €27,072 | €39,232 | €51,817 | -€9,050 | €19,905 | - |
| Investment in fixed assets (approximation) | - | -€6,236 | -€16,114 | -€8,388 | -€6,702 | €3,384 | €0 | -€17,988 | - |
| Change in cash | - | -€1,009 | €5,907 | €2,663 | €14,286 | €5,908 | -€13,644 | -€1,336 | ▲ 90.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00559508 |
| 31-12-2024 | micro format | 08-10-2025 | 2025-00537801 |
| 31-12-2023 | micro format | 10-10-2024 | 2024-00506251 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00469733 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20414262 |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42400452 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66000476 |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49600149 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51500366 |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-50100494 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €1,103 awarded · €1,103 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BAERT Christian |
|
| VAN GOMPEL Muriel |
|
Owners and capital
Owners
2 ownersOwners 2
- Christian BAERTnatural personSourceown accounts 201750%
- Muriel VAN GOMPELnatural personSourceown accounts 201750%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 12-02-2025 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
12-02
Gazette deed
Resignations: BAERT Christian (manager) and VAN GOMPEL Muriel (manager)Reappointments: BAERT Christian (director) and VAN GOMPEL Muriel (director) · Amendment of the articles · Capital conversion15 facts ▸
- General meeting, 08-10-2024
- Amendment of the articles (3 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Other provision, “eenparigheid van stemmen, verslag wijziging voorwerp” (deed in Dutch)
- Purpose change
- Capital
- Director resignation, BAERT Christian (manager)
- Director resignation, VAN GOMPEL Muriel (manager)
- Director reappointment, BAERT Christian (director)
- Director reappointment, VAN GOMPEL Muriel (director)
- Other provision, “kwijting ontslagnemende bestuurders, volgende jaarvergadering” (deed in Dutch)
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23057B0004/00K000 | Flanders | 9,293 m² | 1 · 1,756 m² | 9.7 m · 2 |
| 23772C0218/00P000 | Flanders | 494 m² | 1 · 125 m² | 12.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies,coaching en praktische hulp aan bedrijven ivm visie,strategie,projecten,organisatie en communicatie; Alle…” (deed in Dutch)
17 activities (deed in Dutch)
- Het verlenen van advies,coaching en praktische hulp aan bedrijven ivm visie,strategie,projecten,organisatie en communicatie.
- Alle werkzaamheden die rechtstreeks of onrechtstreeks verband hebben met de studie en het advies in alle economische,financiële,fiscale,juridische,bedrijfsorganisatorische en sociale aangelegenheden
- Alle werkzaamheden ivm interim-management bij bedrijven
- Het organiseren van teambuildings
- Het organiseren van watersportactiviteiten en evenementen,en het leveren van diensten ivm watersport en pleziervaart
- Het verhuren van pleziervaartuigen
- Mentoring en coaching van particulieren,waaronder loopbaanbegeleiding.
- Het organiseren van watersport gerelateerde reizen.
- Organiseren van opleidingen voor particulieren en bedrijven.
- De aankoop,de verkoop,de overdracht,de ruiling en het beheer van alle roerende waarden,aandelen,deelbewijzen van vennootschappen,obligaties,staatsfondsen van alle roerende en onroerende goederen en rechten
- Alle mandaten van bestuurder of vereffenaar aanvaarden in om het even welke vennootschap,vereniging of onderneming,de vennootschap kan om het even welke managements-,organisatie- of bestuursopdracht aanvaarden,en in het raam van de uitvoering ervan alle activiteiten stellen die hiervoor noodzakelijk zijn,dit zowel in het binnen-als in het buitenland.
- De vennootschap mag in België of in het buitenland alle industriële,commerciële,roerende,onroerende of financiële verrichtingen verwezenlijken die van aard zijn om rechtstreeks of onrechtstreeks haar voorwerp uit te breiden of te bevorderen
- De vennootschap mag belangen nemen bij middel van inbreng,van fusie,van intekening,van deelneming,van geldelijke of andere tussenkomst in alle bestaande of op te richten vennootschappen of ondernemingen in België of het buitenland.Zij mag zich op iedere wijze interesseren in alle zaken,ondernemingen of vennootschappen die een identiek,een gelijkaardig of een aanverwant voorwerp hebben of die van aard zijn de uitbreiding van haar onderneming te bevorderen en zelfs met deze vennootschap samensmelten.
- Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere vennootschappen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of pand te geven,inclusief de eigen handelszaak.
- De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- Bovenvermelde opsomming is niet beperkend zodat de vennootschap alle handelingen kan stellen die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen te verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MINDFLOW
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Geen wijziging taalregime, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, onbepaalde duur bij gebrek bepaling” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, onbezoldigd indien niet anders bij benoeming of door algemene…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende en kosteloze titel,vrijwillig en gedwongen inclusief uitsluiting en uittreding,in…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Eerst aan bestaande aandeelhouders naar evenredigheid bezit, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, een of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen” (deed in Dutch)