Liquidity
2.14 was 1.62 in 2023
Short-term debts fell from €26,611 to €18,506.
MINDFORCE
Overview
Information for creditors
Enterprise Court of Walloon Brabant · Official Gazette of 19-11-2025Appeal or third-party opposition 04-12-2025Filing the claim in RegSol 13-12-2025First verification report 18-12-2025Late claim until 13-11-2026
- Jean Noel Bastenieretrusteejnb@altalaw.be
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Thierry Gorjanc
- Official Gazette
- 19-11-2025search the document for 2025/147654
Deadlines
- Appeal or third-party opposition
- passed on 4 December 2025art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 13 December 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 December 2025art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 13 November 2026A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Jean Noel BasteniereChaussee De Louvain 241, 1410 Waterloojnb@altalaw.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 13 November 2026, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Lifetime
2 annual accounts with figures on one time axispeak €42,882 (2023)
€23,248▼ 45.8%
peak €19,690 (2023)
€319▼ 98.4%
peak €23,009 (2024)
€23,009▲ 1.4%
€39,718▼ 28.8%
Board1 name since 2023
1 directorAGALOVIAN Haik
Documentsfilings and deeds
26-06-202535 days before the deadline
2024micro format
Gross margin from €42,882 to €23,248Result from €19,690 to €319Debts from €55,812 to €39,718Cash from €779 to €83
Key points
from the 2024 annual accounts, the last ones filedNo score
Recent changes
Bankruptcy published
Enterprise Court of Walloon Brabant · judgment of 13-11-2025 · Bankruptcy
Incorporation
Founding capital of €3,000, 100 shares · Founder: AGALOVIAN Haik (comparant) · Appointment: AGALOVIAN Haik (director) · published on 23-02-2023 · Gazette deed
First establishment
Avenue Gabrielle Petit 69, Tubize
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 13-11-2025
- Activity
- Employment placement agenciesNACE 78100and 1 other
- Establishment unit
- 2.351.642.6601480 Tubize, since 21-02-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2024
- €23,248▼ 45.8%
- ≈ €180,000estimated
- €319▼ 98.4%
- €23,009▲ 1.4%
- €62,727▼ 20.1%
- Employeeson 31-12-2024
- 0
- Filing
- Filed on 26-06-2025
Insights on MINDFORCE
On 13 November 2025 the court declared MINDFORCE bankrupt. The company was then 33 months old.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 26-06-2025, 35 days before the deadline€23,248
▼ 45.8%
€4,199
▼ 85.1%
€319
▼ 98.4%
€21,106
▲ 27.4%
36.7%
▲ 7.8 percentage points
2.14
▲ 0.52
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €81,000 and €420,000.
Balance sheet
balance sheet total €62,727 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
36.7%
Higher than 37% of 978 companies in 2024.
2.14
Higher than 51% of 943 companies in 2024.
0.5%
Higher than 28% of 953 companies in 2024.
MINDFORCE
Middle half of the sector
80% of the sector
Micro accounts in employment activities (NACE 78)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
62,727 | 78,502 | |
21/28 |
23,115 | 35,320 | |
22/27 |
23,115 | 35,320 | |
24 |
23,115 | 35,320 | |
29/58 |
39,612 | 43,182 | |
40/41 |
39,401 | 42,040 | |
40 |
10,436 | 10,648 | |
41 |
28,965 | 31,392 | |
54/58 |
83 | 779 | |
490/1 |
128 | 363 | |
| Balance sheet: equity and liabilities | |||
10/49 |
62,727 | 78,502 | |
10/15 |
23,009 | 22,690 | |
10/11 |
3,000 | 3,000 | |
14 |
20,009 | 19,690 | |
17/49 |
39,718 | 55,812 | |
17 |
21,212 | 29,201 | |
170/4 |
21,212 | 29,201 | |
42/48 |
18,506 | 26,611 | |
42 |
7,989 | 7,398 | |
44 |
1,925 | 3,313 | |
440/4 |
1,925 | 3,313 | |
45 |
8,591 | 15,900 | |
450/3 |
8,591 | 15,900 | |
| Income statement | |||
9900 |
23,248 | 42,882 | |
630 |
16,760 | 13,180 | |
640/8 |
2,289 | 1,569 | |
9901 |
4,199 | 28,132 | |
75/76B |
1,829 | 1,617 | |
75 |
1,829 | 1,617 | |
65/66B |
2,242 | 2,350 | |
65 |
2,242 | 2,350 | |
9903 |
3,786 | 27,398 | |
67/77 |
3,467 | 7,709 | |
9904 |
319 | 19,690 | |
9905 |
319 | 19,690 | |
| Appropriation of the result | |||
9906 |
20,009 | 19,690 | |
14P |
19,690 | - | |
| Social balance sheet | |||
Hours worked1013 |
0 | 0 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 26-06-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| 20,959 | 41,312 | ||
| 17,079 | 32,870 | ||
| 4,556 | 48,500 | ||
| -696 | - | ||
| 21,106 | 16,572 | ||
| 36.7% | 28.9% | ||
| 2.14 | 1.62 | ||
| 1.73 | 2.46 | ||
| 1.4% | 86.8% | ||
| 0.5% | 25.1% | ||
| 9.35 | 17.58 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 0 | 0 |
| full-time | 0 | 0 |
| part-time | 0 | 0 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | €4,556 | €48,500 |
| €16,760 | €13,180 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on MINDFORCE
The operating result for 2024 is 85% lower than in 2023.
Debt's share of the balance-sheet total falls from 71.1% to 63.3%. Equity is higher and debt is lower.
Board & ownership
Curator
the curator has managed the company since 13-11-2025Last board
1 director, since incorporationDirector (not named in the articles)
since 21-02-2023
term without a fixed end
listed in the 2024 annual accounts, filed on 26-06-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 23-02-2023
Mandates through the years
1 name, the dashed line is todayAGALOVIAN Haik
Director (not named in the articles)
Director (not named in the articles)
BoardBankruptcy 13-11-2025
Mandates as a list
- AGALOVIAN Haik
- Director (not named in the articles), from 21-02-2023, until the bankruptcy of 13-11-2025
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €230 in 2024
- Source
- deed of 23-02-2023
Articles of association
deed of 23-02-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 23-02-2023 ↗
- AGALOVIAN Haik 100 shares (100%) · €3,000 in cash
Network & group
No group
MINDFORCE has no parent and no holdings in its annual accounts. AGALOVIAN Haik is the only director. MINDFORCE shares no director with another company.
Timeline
Timeline
5 events since 2023Filings
Establishments
Insolvency
2023202420252026
2025
Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 13-11-2025
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 43 days before the deadline
2023
IncorporationFounding capital of €3,000, 100 shares · Founder: AGALOVIAN Haik (comparant) · Appointment: AGALOVIAN Haik (director) · published on 23-02-20237 points ▸
- Founder, AGALOVIAN Haik (comparant)
- Founding capital, €3,000, 100 shares
- 100 shares
- Registered office clause, avenue Gabrielle Petit 69, 1480 Tubize
- Board rule, 1
- Director appointment, AGALOVIAN Haik (director (not named in the articles))
- Power of attorney, ACCOUNTS DEVELOPMENT & STRATEGY
- The deed holds 6 more points.
First establishment Avenue Gabrielle Petit 69, Tubize
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MINDFORCE was incorporated on 21 February 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2023, AGALOVIAN Haik has served as director.3 On 13 November 2025 the company was declared bankrupt.4
Company details
Identity
- Enterprise number
- 0798.699.681
- VAT number
- BE 0798.699.681
- Legal form
- Private limited company
- Status
- In bankruptcy, since 13-11-2025
- Founded
- 21-02-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 18:00deed of 23-02-2023 (in French)
- Website
- www.mindforce-recruit.com
- Peppol
- Not found in the Peppol Directory
- Name
- MINDFORCE in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-02-2023 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 23-02-2023 (in French)
Activities
NACEBEL 202578100
Employment placement agencies main activity
Codes under NACEBEL 2008
78100
Employment placement agencies main activity
78300
Employment activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le recrutement de personnel, fixe ou intérimaire, la sélection, l’outplacement, la consultance et le conseil en ressources humaines, la…”deed of 23-02-2023 (in French)
9 activities
- Le recrutement de personnel, fixe ou intérimaire, la sélection, l’outplacement, la consultance et le conseil en ressources humaines, la gestion des ressources humaines, l’évaluation de la personnalité, le coaching d’entreprise, en ce compris le e-coaching et la formation de personnel à distance ou en entreprise
- La fourniture des services aux entreprises et aux particuliers dans le domaine du recrutement, de l'organisation, marketing, financier et gestion au sens le plus large, ainsi que dans le domaine de la publicité
- L'organisation de séminaires et de cours relatifs à toutes les problématiques de l'entreprise notamment les études de marché, les problèmes de gestion, les problèmes humains
- La fourniture de services de toute nature dans le cadre de la mission de consultant et de conseil en organisation d'entreprises, en gestion d'entreprises, en marketing, étude de marché, promotions de ventes, sondages d'opinions
- La formation et le coaching, le recrutement, la gestion de projets, l’intérim management et la gestion des compétences
- L’assistance administrative ou sous-traitance en tout genre, dans tous les secteurs
- La prise de participation directe ou indirecte dans toutes sociétés, entreprises ou associations, commerciales industrielles financières culturelles ou philanthropiques , mobilières et immobilières
- L’achat, l’administration, la vente de toutes valeurs mobilières et immobilières, de tous droits sociaux et d’une manière plus générale de toutes opérations de gestion de portefeuille ainsi constitué
- La gestion pour compte propre d’un patrimoine de valeurs mobilières et immobilières incluant notamment mais non exclusivement : des actions et parts belges ou étrangers, cotées ou non, à titre provisoire ou permanent ; des obligations, bons de caisse et titres analogues, en général, toute valeur mobilière ou immobilière
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Avenue Gabrielle Petit 69 registered office 1480 Tubize 7810001 Employment placement agencies | 21-02-2023 | 2.351.642.660 |
Buildings and parcels at the address
- Ground area
- 596 m²
- Buildings
- 80 m²
- Volume, LiDAR
- 647 m³
- Tallest building
- 9.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25105B0169/00B014 | 596 m² | 1 · 80 m² | 9.9 m · 3 |
Contact
E-mail
haik@mindforce-recruit.com establishment in Tubize