MINDHACK-SOFTWARE
ActiveSummary
MINDHACK-SOFTWARE has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,683 and a net result of €1,064. Equity has been shrinking by about 6.5% per year since 2019. Its solvency ranks better than 86% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-03-2016 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.252.885.178 3500 Hasselt, since 08-03-2016
- Financial year end
- 30 June
- Peppol
- Reachable since 22-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €5,372
- Turnover
- ≈ €29,000
- estimated
- Profit
- €1,064
- Equity
- €59,683
- ▲ 1.8%
- Total assets
- €67,738
- ▲ 4.8%
Score breakdownlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 8.30, cash €14,268, halvedEquity €59,683 (88.1% of total assets)Size: total assets €67,738Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 85% of them on solvency, 58% on liquidity, 29% on profitability and 46% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-12-2025 PDF all 9 filings
Every figure per financial year
The operating result for 2025 is a profit of €974, after a loss of €24,452 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,098 | €2,804 | €4,862 | - |
| Depreciation and write-downs of the year | €60 | €640 | €3,532 | €3,671 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €725 | €363 | €270 | €60 | €640 | €3,532 | €3,671 | ▲ 3.9% |
| Other operating charges640/8 | - | - | - | €599 | €664 | €706 | €726 | ▲ 2.9% |
| Gross operating margin9900 | €50,026 | €23,742 | €47,813 | €34,015 | -€43,056 | -€20,213 | €5,372 | - |
| Operating profit (loss)9901 | €48,877 | €22,669 | €46,947 | €33,356 | -€44,360 | -€24,452 | €974 | - |
| Financial income75/76B | - | - | - | €1,088 | €1,170 | €4,908 | €485 | ▼ 90.1% |
| Recurring financial income75 | €33 | €84 | €445 | €1,088 | €1,170 | €4,908 | €485 | ▼ 90.1% |
| Financial charges65/66B | - | - | - | €492 | €381 | €175 | €199 | ▲ 14.0% |
| Recurring financial charges65 | €103 | €727 | €1,002 | €492 | €381 | €175 | €199 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €48,807 | €22,026 | €46,390 | €33,952 | -€43,570 | -€19,718 | €1,260 | - |
| Income taxes67/77 | €13,500 | €7,405 | €13,915 | €10,010 | €248 | €196 | €195 | ▼ 0.5% |
| Profit (loss) for the period9904 | €35,307 | €14,621 | €32,475 | €23,942 | -€43,819 | -€19,915 | €1,064 | - |
| Profit (loss) for the period to be appropriated9905 | €35,307 | €14,621 | €32,475 | €23,942 | -€43,819 | -€19,915 | €1,064 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €132,803 | €114,489 | €155,615 | €161,408 | €94,576 | €64,637 | €67,738 | ▲ 4.8% |
| Fixed assets21/28 | €632 | €270 | - | €1,037 | €3,202 | €4,531 | €860 | ▼ 81.0% |
| Tangible fixed assets22/27 | €632 | €270 | - | €1,037 | €3,202 | €4,531 | €860 | ▼ 81.0% |
| Plant, machinery and equipment23 | - | - | - | €1,037 | €3,202 | €1,901 | €661 | ▼ 65.2% |
| Furniture and vehicles24 | - | - | - | - | - | €2,630 | €199 | ▼ 92.4% |
| Current assets29/58 | €132,171 | €114,219 | €155,615 | €160,371 | €91,375 | €60,106 | €66,878 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €35,280 | €12,558 | €11,669 | €26,371 | €11,365 | €1,213 | €52,610 | ▲ 43× |
| Trade receivables40 | - | - | - | €23,877 | €9,976 | €1,202 | €11,599 | ▲ 865% |
| Other amounts receivable41 | - | - | - | €2,494 | €1,389 | €11 | €41,011 | ▲ 3,884× |
| Current investments50/53 | - | €21,500 | €60,125 | €70,625 | €63,255 | - | - | - |
| Cash at bank and in hand54/58 | €96,891 | €80,133 | €82,408 | €62,739 | €16,574 | €57,463 | €14,268 | ▼ 75.2% |
| Deferred charges and accrued income490/1 | - | - | - | €636 | €180 | €1,431 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €132,803 | €114,489 | €155,615 | €161,408 | €94,576 | €64,637 | €67,738 | ▲ 4.8% |
| Equity10/15 | €81,814 | €96,435 | €128,910 | €152,852 | €91,034 | €58,619 | €59,683 | ▲ 1.8% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €69,414 | €84,035 | €116,510 | €140,452 | €122,452 | €109,952 | €109,952 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €138,592 | €120,592 | €109,952 | €109,952 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€43,819 | -€63,734 | -€62,669 | ▲ 1.7% |
| Amounts payable17/49 | €50,989 | €18,054 | €26,705 | €8,556 | €3,543 | €6,018 | €8,055 | ▲ 33.8% |
| Amounts payable within one year42/48 | €50,989 | €18,054 | €26,705 | €8,556 | €3,543 | €6,018 | €8,055 | ▲ 33.8% |
| Trade debts44 | €1,096 | €3,279 | €1,577 | €2,385 | €2,473 | €728 | €916 | ▲ 25.8% |
| Suppliers440/4 | - | - | - | €2,385 | €2,473 | €728 | €916 | ▲ 25.8% |
| Taxes, remuneration and social security45 | - | - | - | €6,171 | €1,070 | €5,012 | €6,959 | ▲ 38.9% |
| Taxes450/3 | - | - | - | €3,771 | €1,070 | €5,012 | €4,759 | ▼ 5.0% |
| Remuneration and social security454/9 | - | - | - | €2,400 | - | - | €2,200 | - |
| Other amounts payable47/48 | - | - | - | - | - | €279 | €181 | ▼ 35.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,307 | €14,621 | €32,475 | €23,942 | -€43,819 | -€19,915 | €1,064 | - |
| + Depreciation and write-downs630 | €725 | €363 | €270 | €60 | €640 | €3,532 | €3,671 | ▲ 3.9% |
| Operating cash flow (approximation) | €36,032 | €14,984 | €32,745 | €24,002 | -€43,179 | -€16,383 | €4,735 | - |
| Investment in fixed assets (approximation) | - | -€1 | - | - | -€2,804 | -€4,862 | €0 | - |
| Change in cash | - | -€16,758 | €2,275 | -€19,670 | -€46,164 | €40,889 | -€43,194 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as MINDHACK-SOFTWARE has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of MINDHACK-SOFTWARE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for MINDHACK-SOFTWARE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 19-12-2025 | 2025-00585624 | |
| 30-06-2024 | micro format | 19-12-2024 | 2024-00619884 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00532236 | |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20540987 | |
| 30-06-2021 | micro format | 20-01-2022 | 2022-01300488 | |
| 30-06-2020 | micro format | 22-01-2021 | 2021-01400401 | |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76600140 | |
| 30-06-2018 | micro format | 28-01-2019 | 2019-03200563 | |
| 30-06-2017 | micro format | 22-12-2017 | 2017-73200290 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die benoemt bepaalt aantal,duur opdracht en indien meerdere bevoegdheid”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag een of meerdere vereffenaars aanduiden,bevoegdheden…”
Articles of association, deed of 20-07-2023 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
20-07
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal-form conversion · Capital conversion · Registered office clause9 points ▸
- General meeting, 18-07-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “van rechtswege en zonder vervulling van enige formaliteit, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Reserve release, “opheffing onbeschikbaarheid gedane inbrengen en verplichting tot aanhouden statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Other provision, “wet van 2019-03-23 tot invoering Wetboek van vennootschappen en verenigingen, uitdrukkelijk beoogde statutenwijzigingen” (deed in Dutch)
- Power of attorney, Johan Nulens (bestuurder van de vennootschap)
- Power of attorney
16-12
Gazette deed
Registered office moved from Diepenbeek to HasseltNew seat: Bergstraat 75 te 3500 Hasselt · Previous seat: Kapelstraat 2 bus 32, 3590 Diepenbeek · Director in office2 points ▸
- Registered-office move, Bergstraat 75 te 3500 Hasselt
- Director in office, Nulens Johan (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kapelstraat 2 bus 32, 3590 Diepenbeek until 01-02-2022 · act of 16-12-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Ontwerpen en programmeren van computerprogramma’s
- Computerconsultancy-activiteiten
- Beheer van computerfaciliteiten
- Gegevensverwerking,webhosting en aanverwante activiteiten
- Web portalen
- Verkoop van computers en toebehoren
- Herstelling van computers en toebehoren
- Advies-,studie- en consultancy inzake bedrijfsbeheer en bedrijfsvoering
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71324E0155/00W003 | Flanders | 236 m² | 1 · 64 m² | 9.0 m · 2 |