Mindness
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 88% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €3,646 | - |
| Intangible fixed assets | €33,751 | - |
| Depreciation and write-downs of the year | €10,436 | €7,215 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,436 | €7,215 | ▼ 30.9% |
| Other operating charges640/8 | €940 | €752 | ▼ 20.0% |
| Gross operating margin9900 | €41,147 | €63,917 | ▲ 55.3% |
| Operating profit (loss)9901 | €29,771 | €55,949 | ▲ 87.9% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €34 | €50 | ▲ 48.6% |
| Recurring financial charges65 | €34 | €50 | ▲ 48.6% |
| Profit (loss) for the period before taxes9903 | €29,737 | €55,899 | ▲ 88.0% |
| Income taxes67/77 | €6,275 | €14,544 | ▲ 132% |
| Profit (loss) for the period9904 | €23,462 | €41,355 | ▲ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €23,462 | €41,355 | ▲ 76.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €58,553 | €86,225 | ▲ 47.3% |
| Fixed assets21/28 | €26,961 | €19,745 | ▼ 26.8% |
| Intangible fixed assets21 | €24,000 | €18,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,961 | €1,745 | ▼ 41.0% |
| Furniture and vehicles24 | €2,961 | €1,745 | ▼ 41.0% |
| Current assets29/58 | €31,592 | €66,480 | ▲ 110% |
| Cash at bank and in hand54/58 | €30,316 | €65,296 | ▲ 115% |
| Deferred charges and accrued income490/1 | €1,277 | €1,184 | ▼ 7.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €58,553 | €86,225 | ▲ 47.3% |
| Equity10/15 | €23,463 | €64,818 | ▲ 176% |
| Contributions10/11 | €1 | €1 | = |
| Profit (loss) carried forward14 | €23,462 | €64,817 | ▲ 176% |
| Amounts payable17/49 | €35,090 | €21,407 | ▼ 39.0% |
| Amounts payable within one year42/48 | €35,090 | €21,407 | ▼ 39.0% |
| Trade debts44 | €1,023 | €586 | ▼ 42.7% |
| Suppliers440/4 | €1,023 | €586 | ▼ 42.7% |
| Taxes, remuneration and social security45 | €7,275 | €20,819 | ▲ 186% |
| Taxes450/3 | €7,275 | €20,819 | ▲ 186% |
| Other amounts payable47/48 | €26,793 | €2 | ▼ 100.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,462 | €41,355 | ▲ 76.3% |
| + Depreciation and write-downs630 | €10,436 | €7,215 | ▼ 30.9% |
| Operating cash flow (approximation) | €33,898 | €48,570 | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €34,980 | - |
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, 39,278 companies had the same profile as Mindness has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Mindness itself: 0.5% 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 39,278 companies, not a prediction for Mindness. 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.