MINDO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-04-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 15% lower than 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €5,439 | €2,412 | - |
| Depreciation and write-downs of the year | €1,635 | €1,174 | €1,583 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,635 | €1,174 | €1,583 | ▲ 34.8% |
| Other operating charges640/8 | - | €53 | €45 | ▼ 15.1% |
| Gross operating margin9900 | €133,227 | €249,741 | €213,489 | ▼ 14.5% |
| Operating profit (loss)9901 | €131,592 | €248,514 | €211,861 | ▼ 14.7% |
| Financial income75/76B | €10 | €38 | €3,177 | ▲ 84× |
| Recurring financial income75 | €10 | €38 | €3,177 | ▲ 84× |
| Financial charges65/66B | - | €105 | €145 | ▲ 38.3% |
| Recurring financial charges65 | - | €105 | €145 | ▲ 38.3% |
| Profit (loss) for the period before taxes9903 | €131,602 | €248,447 | €214,892 | ▼ 13.5% |
| Income taxes67/77 | €28,430 | €57,784 | €50,166 | ▼ 13.2% |
| Profit (loss) for the period9904 | €103,172 | €190,663 | €164,726 | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €103,172 | €190,663 | €164,726 | ▼ 13.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €124,255 | €308,352 | €468,793 | ▲ 52.0% |
| Fixed assets21/28 | €3,804 | €5,041 | €3,458 | ▼ 31.4% |
| Tangible fixed assets22/27 | €3,804 | €5,041 | €3,458 | ▼ 31.4% |
| Furniture and vehicles24 | €1,824 | €3,278 | €1,910 | ▼ 41.7% |
| Other tangible fixed assets26 | €1,980 | €1,764 | €1,547 | ▼ 12.3% |
| Current assets29/58 | €120,451 | €303,311 | €465,335 | ▲ 53.4% |
| Amounts receivable within one year40/41 | €25,074 | €31,918 | €1,519 | ▼ 95.2% |
| Trade receivables40 | €24,722 | €25,416 | - | - |
| Other amounts receivable41 | €353 | €6,502 | €1,519 | ▼ 76.6% |
| Current investments50/53 | - | €100,000 | €452,750 | ▲ 353% |
| Cash at bank and in hand54/58 | €95,376 | €171,393 | €11,066 | ▼ 93.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €124,255 | €308,352 | €468,793 | ▲ 52.0% |
| Equity10/15 | €104,172 | €294,835 | €459,561 | ▲ 55.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €103,000 | €293,000 | €458,000 | ▲ 56.3% |
| Distributable reserves133 | €103,000 | €293,000 | €458,000 | ▲ 56.3% |
| Profit (loss) carried forward14 | €172 | €835 | €561 | ▼ 32.8% |
| Amounts payable17/49 | €20,083 | €13,518 | €9,233 | ▼ 31.7% |
| Amounts payable within one year42/48 | €20,083 | €13,518 | €9,233 | ▼ 31.7% |
| Taxes, remuneration and social security45 | €20,083 | €13,518 | €9,233 | ▼ 31.7% |
| Taxes450/3 | €20,083 | €13,518 | €9,233 | ▼ 31.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,172 | €190,663 | €164,726 | ▼ 13.6% |
| + Depreciation and write-downs630 | €1,635 | €1,174 | €1,583 | ▲ 34.8% |
| Operating cash flow (approximation) | €104,807 | €191,837 | €166,309 | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | -€2,412 | €0 | - |
| Change in cash | - | €76,017 | -€160,327 | - |
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, 3,127 companies had the same profile as MINDO has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 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 MINDO 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 3,127 companies, not a prediction for MINDO. 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.