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MINDKALE

Active
Private limited companyfounded 20187 yrs activeRue de Genleau 76, 1380 Lasne, BelgiumKBO/BCE: BE 0707.780.789
Summary

The computed 12-month bankruptcy probability of MINDKALE is 6.7% (elevated). The 2024 annual accounts show negative equity (€-13k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18936 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability12▼-63
Solvency0▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.39 in 2023; short-term debt: 112.7% and cash: 16.6% of total assets), and equity is negative.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-24.9%
Return on assets
-23.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
112 d late
2022
59 d late
2021
61 d late
2020
153 d late
2019
91 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€-13k▼ 1,850%
2023 · €-674
2019: €-20klowest in 6 years 2020: €-14k▲ +33.0% vs 2019 2021: €-2k▲ +83.4% vs 2020 2022: €-4k▼ -57.9% vs 2021 2023: €-674▲ +81.2% vs 2022highest in 6 years 2024: €-13k▼ -1850% vs 2023
2019 → 2024
Total assets
€53k▼ 6.9%
2023 · €57k
2019: €82k 2020: €108k▲ +31.0% vs 2019highest in 6 years 2021: €79k▼ -26.8% vs 2020 2022: €65k▼ -17.5% vs 2021 2023: €57k▼ -12.9% vs 2022 2024: €53k▼ -6.9% vs 2023lowest in 6 years
2019 → 2024
Net result
€-12k
2023 · €3k
2019: €-39klowest in 6 years 2020: €7k▲ +117% vs 2019 2021: €11k▲ +68.9% vs 2020highest in 6 years 2022: €-1k▼ -112% vs 2021 2023: €3k▲ +321% vs 2022 2024: €-12k▼ -529% vs 2023
2019 → 2024
Working capital
€-46k▼ 36.8%
2023 · €-34k
2019: €-64klowest in 6 years 2020: €-57k▲ +10.6% vs 2019 2021: €-42k▲ +25.7% vs 2020 2022: €-39k▲ +7.8% vs 2021 2023: €-34k▲ +13.9% vs 2022highest in 6 years 2024: €-46k▼ -36.8% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€-14k-€-2k▲ 83.4%€-4k▼ 57.9%€-674▲ 81.2%€-13k▼ 1,850% 2020: €-14klowest in 5 years 2021: €-2k▲ +83.4% vs 2020 2022: €-4k▼ -57.9% vs 2021 2023: €-674▲ +81.2% vs 2022highest in 5 years 2024: €-13k▼ -1850% vs 2023
Operating result€8k-€13k▲ 64.6%€1k▼ 90.6%€6k▲ 407%€-9k 2020: €8k 2021: €13k▲ +64.6% vs 2020highest in 5 years 2022: €1k▼ -90.6% vs 2021 2023: €6k▲ +407% vs 2022 2024: €-9k▼ -239% vs 2023lowest in 5 years
Net result€7k-€11k▲ 68.9%€-1k€3k€-12k 2020: €7k 2021: €11k▲ +68.9% vs 2020highest in 5 years 2022: €-1k▼ -112% vs 2021 2023: €3k▲ +321% vs 2022 2024: €-12k▼ -529% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€-10k€0€10kOperating result 2020: €8k€8kNet result 2020: €7k€7kOperating result 2021: €13k€13kNet result 2021: €11k€11kOperating result 2022: €1k€1kNet result 2022: €-1k€-1kOperating result 2023: €6k€6kNet result 2023: €3k€3kOperating result 2024: €-9k€-9kNet result 2024: €-12k€-12k20202021202220232024€-15k€-10k€-5k€0€5kOperating result 2022: €1k€1.2kNet result 2022: €-1k€-1.3kOperating result 2023: €6k€6.2kNet result 2023: €3k€2.9kOperating result 2024: €-9k€-8.6kNet result 2024: €-12k€-12k202220232024
The operating result turns negative in 2024: a loss of €9k after €6k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets €39k ▲ 9.5%
Current assets €14k ▼ 34.8%
Key figures and ratios
2024 value · change against 2023
EBITDA
€958▼
2023 · €16k
Cash flow
€-3k▼
2023 · €12k
Solvency
-24.9%▼
2023 · -1.2%
Current ratio
0.23▼
2023 · 0.39
Debt to equity
-5.02
ROA
-23.6%▼
2023 · 5.1%
Interest coverage
1.45▼
2023 · 14.39
Debt
€66k▲
2023 · €57k
Debt ≤ 1 year
€60k▲
2023 · €55k
Debt > 1 year
€6k▲
2023 · €3k
Income taxes
€462▼
2023 · €2k
Staff costs
€78k▼
2023 · €90k
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 · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€57k€53k▼
Formation expenses20€0€0=
Fixed assets21/28€36k€39k▲
Tangible fixed assets22/27€36k€39k▲
Plant, machinery and equipment23€2k€690▼
Furniture and vehicles24€2k€13k▲
Other tangible fixed assets26€32k€25k▼
Financial fixed assets28€175€175=
Current assets29/58€21k€14k▼
Amounts receivable within one year40/41€7k€5k▼
Trade receivables40€6k€2k▼
Other amounts receivable41€877€3k▲
Cash at bank and in hand54/58€14k€9k▼
Deferred charges and accrued income490/1-€221
Equity and liabilities
Total equity and liabilities10/49€57k€53k▼
Equity10/15€-674€-13k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-19k€-32k▼
Amounts payable17/49€57k€66k▲
Amounts payable after more than one year17€3k€6k▲
Financial debts170/4€3k€6k▲
Amounts payable within one year42/48€55k€60k▲
Current portion of amounts payable after more than one year42€6k€9k▲
Financial debts43-€736
Credit institutions430/8-€736
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€31k€25k▼
Accrued charges and deferred income492/3-€387
Income statement Code20232024
Remuneration, social security and pensions62€90k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€482▼
Gross operating margin9900€108k€80k▼
Operating profit (loss)9901€6k€-9k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€661▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€5k€-12k▼
Income taxes67/77€2k€462▼
Profit (loss) for the period9904€3k€-12k▼
Profit (loss) for the period to be appropriated9905€3k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-32k▼
Profit (loss) brought forward from the previous period14P€-22k€-19k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Remuneration, social security and pensions62-€75k€95k€90k€78k▼ 12.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k€13k€9k€10k▲ 1.3%
Other operating charges640/8-€2k€2k€2k€482▼ 79.0%
Gross operating margin9900€57k€103k€112k€108k€80k▼ 25.9%
Operating profit (loss)9901€8k€13k€1k€6k€-9k▼ 239%
Financial income75/76B-€292€0-€7-
Recurring financial income75€53€292€0-€7-
Financial charges65/66B-€2k€951€1k€3k▲ 216%
Recurring financial charges65€964€2k€951€1k€661▼ 39.0%
Non-recurring financial charges66B----€3k-
Profit (loss) for the period before taxes9903€7k€12k€264€5k€-12k▼ 337%
Income taxes67/77€215€230€2k€2k€462▼ 78.7%
Profit (loss) for the period9904€7k€11k€-1k€3k€-12k▼ 529%
Profit (loss) for the period to be appropriated9905€7k€11k€-1k€3k€-12k▼ 529%
Line20202021202220232024Change
Assets
Total assets20/58€108k€79k€65k€57k€53k▼ 6.9%
Formation expenses20--€0€0€0-
Fixed assets21/28€66k€56k€44k€36k€39k▲ 9.5%
Tangible fixed assets22/27€66k€55k€44k€36k€39k▲ 9.6%
Plant, machinery and equipment23-€7k€4k€2k€690▼ 67.8%
Furniture and vehicles24-€4k€2k€2k€13k▲ 717%
Other tangible fixed assets26-€44k€38k€32k€25k▼ 19.9%
Financial fixed assets28€175€175€175€175€175=
Current assets29/58€42k€23k€21k€21k€14k▼ 34.8%
Amounts receivable within one year40/41€28k€6k€1k€7k€5k▼ 35.7%
Trade receivables40-€6k€1k€6k€2k▼ 70.5%
Other amounts receivable41---€877€3k▲ 220%
Cash at bank and in hand54/58€13k€17k€19k€14k€9k▼ 35.9%
Deferred charges and accrued income490/1-€307€1k-€221-
Equity and liabilities
Total equity and liabilities10/49€108k€79k€65k€57k€53k▼ 6.9%
Equity10/15€-14k€-2k€-4k€-674€-13k▼ 1,850%
Contributions10/11-€19k€19k€19k€19k=
Profit (loss) carried forward14€-32k€-21k€-22k€-19k€-32k▼ 64.7%
Amounts payable17/49€121k€81k€69k€57k€66k▲ 14.9%
Amounts payable after more than one year17€23k€16k€9k€3k€6k▲ 109%
Financial debts170/4-€16k€9k€3k€6k▲ 109%
Amounts payable within one year42/48€99k€66k€60k€55k€60k▲ 9.2%
Current portion of amounts payable after more than one year42-€7k€7k€6k€9k▲ 41.1%
Financial debts43----€736-
Credit institutions430/8----€736-
Trade debts44€29k€12k€11k€4k€10k▲ 156%
Suppliers440/4-€12k€11k€4k€10k▲ 156%
Taxes, remuneration and social security45-€8k€12k€13k€14k▲ 10.4%
Taxes450/3-€1k€2k€4k€3k▼ 18.2%
Remuneration and social security454/9-€7k€10k€9k€11k▲ 21.9%
Other amounts payable47/48-€39k€31k€31k€25k▼ 18.6%
Accrued charges and deferred income492/3----€387-
Line20202021202220232024Change
Profit (loss) for the period9904€7k€11k€-1k€3k€-12k▼ 529%
+ Depreciation and write-downs630€12k€13k€13k€9k€10k▲ 1.3%
Operating cash flow (approximation)€18k€24k€12k€12k€-3k▼ 124%
Investment in fixed assets (approximation)-€-3k€-2k€-1k€-13k▼ 1,022%
Change in cash-€4k€1k€-5k€-5k▼ 1.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
25-09
State Gazette act Permanent representative: GERARD Caroline Micheline Aline
Resignation: GERARD Caroline Micheline Aline (manager) · Appointment: GERARD Caroline Micheline Aline (non-statutory director) · Statutes amendment23 facts ▸
  • General meeting, 17-09-2026
  • Statutes amendment
  • Legal-form conversion, Société à responsabilité limitée
  • Capital conversion, compte de capitaux propres statutairement indisponible
  • Reserve release, suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution
  • Other statement, 17-09-2026
  • Purpose change
  • Capital
  • Power of attorney
  • Power of attorney
  • Permanent representative, GERARD Caroline Micheline Aline (permanent representative)
  • Other statement, mission au notaire, établir et signer la coordination des statuts et assurer son dépôt au dossier de la société
  • +11 further facts in this act
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
20-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
2023
31-12
Financial Back to profitnet €3k
Net result €3k after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Highest result since 2019net €11k ▲68.9%
Operating result €13k, net result €11k, both a record.
31-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial Back to profitnet €7k
Net result €7k after one loss-making year.
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts 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.

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Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-09-2026 Resigned as Manager
17-09-2026 Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
306 m²
Building footprint
90 m²
Volume, LiDAR
540 m³
Parcel 25764N0819/00C000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KALE
Avenue Minerve 2, 1410 WaterlooFood and beverage service activities
since 20182.292.249.362
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764N0819/00C000 Wallonia 306 m² 1 · 90 m² 7.8 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.

Articles of association

Who signs
“Article 14. Représentation. La société est représentée dans les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel ou en justice, tant en demandant qu’en défendant, par l’administrateur s’il n’y en a qu’un seul ou par un administrateur s’il en est plusieurs.…”
Full text

Article 14. Représentation. La société est représentée dans les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel ou en justice, tant en demandant qu’en défendant, par l’administrateur s’il n’y en a qu’un seul ou par un administrateur s’il en est plusieurs. Elle est en outre valablement représentée par les mandataires agissant dans la limite de leur mandat.

Daily management
The board decides whether the delegates act alone or jointly
Annual meeting
Last Thursday of June at 18:00
Purpose
Les travaux d’urbanisme, la conception d’immeuble, l’étude et la réalisation de travaux d’architecture; La peinture, la maçonnerie, l’électricité, la toiture, serrurerie, la…
Full purpose (4 activities)
  1. Les travaux d’urbanisme, la conception d’immeuble, l’étude et la réalisation de travaux d’architecture
  2. La peinture, la maçonnerie, l’électricité, la toiture, serrurerie, la menuiserie, le plafonnage, le cimentage, la plomberie, la charpenterie, la menuiserie-charpenterie
  3. La promotion immobilière, les transactions immobilières, les financements des projets
  4. L’installation d’appareils électriques, électroniques ainsi que de satellites
Other provisions of the articles (47)
  • Legal form clause: MINDKALE
  • Registered office clause: région wallonne, L'organe d'administration a le pouvoir de déplacer le siège de la société en Belgique, pour autant que pareil déplacement n'impose pas la modif…
  • Share issue rule: L'organe d'administration décide souverainement des appels de fonds complémentaires à effectuer par les actionnaires moyennant traitement égal de tous ceux-ci,…
  • Share issue rule
  • Share class: Les titulaires d'actions peuvent prendre connaissance de ce registre relatif à leurs actions, Les cessions et transmissions n'ont d'effet à l'égard de la sociét…
  • Other statement (8)
  • Transfer restriction: tous les frais de procédure et d'expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs, proportionnellement au nombre d'ac…
  • Board rule: S'il n'en est disposé autrement par l'assemblée, la nomination du ou des administrateurs vaut pour une durée indéterminée, En toute hypothèse, il peut être mis…
  • Board rule: fixe ou proportionnelle, rémunération des administrateurs
  • Board rule: vacance d'un administrateur, décès, démission ou pour quelque autre raison
  • Auditor rule
  • General meeting rule: composition de l'assemblée générale, tous les actionnaires qui ont le droit de voter, par eux-mêmes ou par mandataire
  • Meeting notice: par e-mail aux actionnaires, aux administrateurs et, le cas échéant aux titulaires d'obligations convertibles nominatives, de droits de souscription nominatifs…
  • Meeting access: toute personne peut renoncer à la convocation, l'Assemblée générale ordinaire entend, le cas échéant, le rapport de gestion et le rapport du ou des commissaires…
  • Meeting access: admission à l'assemblée générale, - le titulaire d'actions nominatives doit être inscrit en cette qualité dans le registre des actions relatif à sa catégorie d'…
  • Proxy rule: tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le représenter à l'assemblé…
  • Meeting procedure: les copies ou extraits à produire, en justice ou ailleurs, sont signés par un administrateur, les procès-verbaux des assemblées générales sont signés par les me…
  • Voting rule
  • Other provision: un actionnaire qui ne peut être présent a la faculté de voter par écrit avant l'assemblée générale, ce vote par écrit doit être transmis à la société au plus ta…
  • Written decision: à l'exception des décisions devant être reçues par acte authentique, les actionnaires peuvent prendre à l'unanimité et par écrit toutes les décisions relevant d…
  • Other provision: ce rapport de gestion comporte un commentaire sur les comptes annuels en vue d'exposer d'une manière fidèle l'évolution des affaires et la situation de la Socié…
  • Other provision: l'organe d'administration remet les pièces, avec, le cas échéant, le rapport de gestion, un mois au moins avant l'Assemblée générale annuelle au commissaire, si…
  • Other provision: le paiement des dividendes se fait à l'époque et aux endroits désignés par l'organe d'administration, ce paiement doit se faire avant la fin de l'exercice socia…
  • Other provision: si l'actif net est négatif ou risque de le devenir ou si l'organe d'administration n'est plus certain que la société sera en mesure de s'acquitter de ses dettes…
  • Dissolution rule (2)
  • Liquidation distribution: après apurement de toutes les dettes, charges et frais de liquidation ou consignation des sommes nécessaires à cet effet, et, en cas d'existence d'actions non e…
  • Other provision: pour l'exécution des statuts, tout actionnaire, administrateur, commissaire, liquidateur ou porteur d'obligations domicilié à l'étranger, élection de domicile
  • Jurisdiction: pour tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à l'exécution des prés…
  • Other provision: droit commun, pour tout ce qui n'est pas prévu aux présents statuts, il est référé au Code des Sociétés et des Associations
  • Other statement: Banque Nationale de Belgique, dépôt des comptes annuels
  • Profit allocation: excédent favorable du bilan déduction faite des frais généraux, charges sociales et amortissements, distribution des bénéfices
  • Other statement: paiement des dividendes, avant la fin de l'exercice social
  • Other statement: perte d'actif, convoquer l'assemblée générale dans les deux mois
  • Liquidation distribution: répartition de l'actif net, répartition entre tous les actionnaires en proportion de leurs actions
  • Other statement: élection de domicile, tout actionnaire, administrateur, commissaire, liquidateur ou porteur d'obligations domicilié à l'étranger fait élection de domicile au si…
  • Other statement: compétence judiciaire, compétence exclusive des tribunaux du siège pour tout litige relatif aux affaires de la société et à l'exécution des statuts
  • Other statement: droit commun, référence au Code des Sociétés et des Associations pour tout ce qui n'est pas prévu aux statuts
  • Permanent representative rule
  • 1 more provision in the deed

Recognitions · licences · registrations

Food safety, FASFC

1 site
Waterloo2.292.249.362
1 permission
Toelating · Traiteur · since 05-09-2019

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,502 companies in sector 56210 we hold annual accounts for 2,446. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Contact
E-mail caroline.gerard@kalefood.be
Phone +32475333497

Scores and ratios are computed by Checked and are not a credit decision.