MindPath
ActiveSummary
MindPath has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,305 and a net result of €46,948. Its solvency ranks better than 15% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-04-2025 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.372.075.810 1200 Sint-Lambrechts-Woluwe, since 01-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 15-04-2025
Board and ownership
- MUSTAFA Muhammad Hariri BinDirector · since 01-01-2025
- MUSTAFA Muhammad Hariri Bin100 sharesact of 03-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €60,258
- Turnover
- ≈ €120,000
- estimated
- Profit
- €46,948
- Equity
- €5,305
- Total assets
- €60,895
Score breakdownraises riskEquity €5,305 (8.7% of total assets)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.10, cash €52,015Size: total assets €60,895Show 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 70, micro). It does better than 16% of them on solvency, 33% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €64 |
| Gross operating margin9900 | €60,258 |
| Operating profit (loss)9901 | €60,194 |
| Financial income75/76B | €14 |
| Recurring financial income75 | €14 |
| Financial charges65/66B | €532 |
| Recurring financial charges65 | €532 |
| Profit (loss) for the period before taxes9903 | €59,676 |
| Income taxes67/77 | €12,728 |
| Profit (loss) for the period9904 | €46,948 |
| Profit (loss) for the period to be appropriated9905 | €46,948 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €60,895 | |
| Current assets29/58 | €60,895 | |
| Amounts receivable within one year40/41 | €3,576 | |
| Trade receivables40 | €2,813 | |
| Other amounts receivable41 | €763 | |
| Cash at bank and in hand54/58 | €52,015 | |
| Deferred charges and accrued income490/1 | €5,304 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €60,895 | |
| Equity10/15 | €5,305 | |
| Contributions10/11 | €500 | |
| Profit (loss) carried forward14 | €4,805 | |
| Amounts payable17/49 | €55,590 | |
| Amounts payable within one year42/48 | €55,590 | |
| Trade debts44 | €4,311 | |
| Suppliers440/4 | €4,311 | |
| Taxes, remuneration and social security45 | €9,136 | |
| Taxes450/3 | €9,136 | |
| Other amounts payable47/48 | €42,143 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €46,948 |
| Operating cash flow (approximation) | €46,948 |
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, 320 companies had the same profile as MindPath has now. Two years later, 96.6% were still going and 0.9% had gone bankrupt.
- Micro
- under 2 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MindPath 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 320 companies, not a prediction for MindPath. 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 (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00249105 |
Board & ownership
Directors
Owners and capital
Shareholders
- MUSTAFA Muhammad Hariri Bin 100 shares (100%) · €500
Capital transactions
- 03-04-2025 Incorporation · €500 · 100 shares
- 03-04-2025 Converted to available equity
Articles of association
- 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
- 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
Articles of association, deed of 03-04-2025 (in French)
Network & group
MindPath shares no director with another company.
Companies at the same address
7 other companies- TAJOR Registered office · since 2025 1027025607
- Halle, Félicie (sole trader) Establishment · since 2023 0805488097
- CABINET DENTAIRE GHAVAMI Establishment · since 2023 0555719334
- KJIP CREATION Registered office · since 2018 0701699087
- De Temmerman, Marie-Anne (sole trader) Establishment · since 2017 0672856930
- ONCE UPON A BRAND Registered office · since 2017 0673691229
- ALCEMA Registered office · since 2009 0820398383
Connections & network
1 current directorThe network starts from the directors of MindPath. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-04
Gazette deed
IncorporationFounding capital of €500, 100 shares · Appointment: MUSTAFA Muhammad Hariri Bin (director) · Permanent representative: MUSTAFA Muhammad Hariri Bin5 points ▸
- Incorporation, 01-04-2025
- Founding capital, €500, 100 shares
- Registered office clause, Avenue Marcel Thiry 22/15, 1200 Woluwe-Saint-Lambert
- Director appointment, MUSTAFA Muhammad Hariri Bin (director (not named in the articles))
- Permanent representative, MUSTAFA Muhammad Hariri Bin
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202512 activities
- La fourniture de services de consultance, de formation et de coaching dans le domaine de la gestion de projet (Project Management), y compris mais non limité à, la gestion, l'accompagnement, le suivi, la planification, l'évaluation, la mise en œuvre et la gestion des risques liés aux projets.
- Le développement, l'animation et l'organisation de formations, séminaires, ateliers et événements relatifs à la gestion de projet et à l'acquisition de compétences professionnelles dans ce domaine.
- La prestation de services de coaching en développement personnel, incluant l'accompagnement individuel et collectif, le conseil, l'analyse des besoins, l'élaboration de programmes personnalisés, ainsi que le suivi et l'évaluation des progrès réalisés.
- L'édition et la commercialisation de supports pédagogiques et méthodologiques, incluant des livres, guides, logiciels, applications ou autres outils relatifs à la gestion de projet et au développement personnel.
- La création et la gestion de partenariats avec des organisations, entreprises, institutions publiques et privées dans le cadre de l'amélioration continue des compétences en gestion de projet et en développement personnel.
- La gestion, la valorisation d’un patrimoine immobilier, notamment par l’achat de la pleine propriété ou de droits réels, la vente, la location, la mise en location, la construction, le tout au sens le plus large.
- L'accomplissement de toute opération de nature civile, mobilière ou immobilière dans le cadre de l'objet immobilier.
- L'acquisition d'un terrain, la construction d'un immeuble, l'acquisition de la pleine propriété ou des droits réels dans un immeuble, la location ou sous-location d'un immeuble pour y établir son siège social ou y loger ses dirigeants et les membres de leur famille, à titre de résidence principale ou secondaire, à titre gratuit ou rémunéré.
- L'exercice d'une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- L'intérêt par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- L'exercice des fonctions d’administrateur ou liquidateur dans d’autres sociétés.
- La garantie ou la fourniture de sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
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 |
|---|---|---|---|---|
| 21018A0021/00R000 | Brussels | 5,966 m² | 1 · 947 m² | 30.0 m · 9 |