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MindRacing

Active Risk: not assessed
Private limited companyfounded 2024active for 1 yearVeen 7, 8710 Wielsbeke, BelgiumKBO/BCE: BE 1016.038.574
Summary

MindRacing is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €23,275 and a net result of €19,595. Its solvency ranks better than 21% of 9,737 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

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Financials · financial year 2025, micro format

Equity
€23,275
Net result
€19,595
Total assets
€143,091
Solvency
16.3%

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €141,562
Fixed assets €109,557
Current assets €32,005
Equity and liabilities €143,091
Equity €23,275
Debt €119,816
Debt finances 83.7% of the balance-sheet total.
Key figures and ratios
2025 value
ROE
84.2%
ROA
13.7%
Debt ≤ 1 year
€40,133
Debt > 1 year
€79,183
Income taxes
€5,429
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€143,091
Formation expenses20€1,529
Fixed assets21/28€109,557
Tangible fixed assets22/27€69,557
Furniture and vehicles24€69,557
Financial fixed assets28€40,000
Current assets29/58€32,005
Amounts receivable within one year40/41€17,142
Trade receivables40€17,142
Cash at bank and in hand54/58€12,950
Deferred charges and accrued income490/1€1,914
Equity and liabilities
Total equity and liabilities10/49€143,091
Equity10/15€23,275
Contributions10/11€5,000
Reserves13€18,275
Distributable reserves133€18,275
Profit (loss) carried forward14€0
Amounts payable17/49€119,816
Amounts payable after more than one year17€79,183
Financial debts170/4€49,183
Other amounts payable178/9€30,000
Amounts payable within one year42/48€40,133
Current portion of amounts payable after more than one year42€20,843
Trade debts44€5,029
Suppliers440/4€5,029
Taxes, remuneration and social security45€8,941
Taxes450/3€8,941
Other amounts payable47/48€5,320
Accrued charges and deferred income492/3€501
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,279
Other operating charges640/8€50
Gross operating margin9900€39,544
Operating profit (loss)9901€27,215
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,192
Recurring financial charges65€2,192
Profit (loss) for the period before taxes9903€25,024
Income taxes67/77€5,429
Profit (loss) for the period9904€19,595
Profit (loss) for the period to be appropriated9905€19,595
Appropriation of the result
Profit (loss) to be appropriated9906€19,595
Transfer to equity691/2€18,275
To other reserves6921€18,275
Profit to be distributed694/7€1,320
Return on contributions (dividend)694€1,320

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,279
Other operating charges640/8€50
Gross operating margin9900€39,544
Operating profit (loss)9901€27,215
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,192
Recurring financial charges65€2,192
Profit (loss) for the period before taxes9903€25,024
Income taxes67/77€5,429
Profit (loss) for the period9904€19,595
Profit (loss) for the period to be appropriated9905€19,595
Line2025
Assets
Total assets20/58€143,091
Formation expenses20€1,529
Fixed assets21/28€109,557
Tangible fixed assets22/27€69,557
Furniture and vehicles24€69,557
Financial fixed assets28€40,000
Current assets29/58€32,005
Amounts receivable within one year40/41€17,142
Trade receivables40€17,142
Cash at bank and in hand54/58€12,950
Deferred charges and accrued income490/1€1,914
Equity and liabilities
Total equity and liabilities10/49€143,091
Equity10/15€23,275
Contributions10/11€5,000
Reserves13€18,275
Distributable reserves133€18,275
Profit (loss) carried forward14€0
Amounts payable17/49€119,816
Amounts payable after more than one year17€79,183
Financial debts170/4€49,183
Other amounts payable178/9€30,000
Amounts payable within one year42/48€40,133
Current portion of amounts payable after more than one year42€20,843
Trade debts44€5,029
Suppliers440/4€5,029
Taxes, remuneration and social security45€8,941
Taxes450/3€8,941
Other amounts payable47/48€5,320
Accrued charges and deferred income492/3€501
Line2025
Profit (loss) for the period9904€19,595
+ Depreciation and write-downs630€12,279
Operating cash flow (approximation)€31,874

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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Filings with the National Bank (1)
Financial year Type Filed Reference
30-06-2025 micro format 08-01-2026 2026-00004213

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

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