MINDSCAN
ActiveSummary
MINDSCAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €467k and a net result of €-12k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 11.34 against 4.19 in 2024; short-term debt: 8.8% and cash: 0% of total assets), and 8.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.2%
Return on assets
-2.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 d early
2024
6 d early
2023
26 d late
2022
28 d late
2021
25 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€467k▼ 2.5%
2024 · €479k
2018: €298klowest in 8 years
2019: €354k▲ +18.9% vs 2018
2020: €361k▲ +1.9% vs 2019
2021: €406k▲ +12.6% vs 2020
2022: €469k▲ +15.5% vs 2021
2023: €488k▲ +4.0% vs 2022highest in 8 years
2024: €479k▼ -1.8% vs 2023
2025: €467k▼ -2.5% vs 2024
2018 → 2025
Total assets
€512k▼ 18.6%
2024 · €629k
2018: €520k
2019: €579k▲ +11.3% vs 2018
2020: €549k▼ -5.1% vs 2019
2021: €555k▲ +1.0% vs 2020
2022: €575k▲ +3.6% vs 2021
2023: €608k▲ +5.7% vs 2022
2024: €629k▲ +3.6% vs 2023highest in 8 years
2025: €512k▼ -18.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-12k▼ 35.6%
2024 · €-9k
2018: €177khighest in 8 years
2019: €56k▼ -68.1% vs 2018
2020: €7k▼ -87.9% vs 2019
2021: €45k▲ +565% vs 2020
2022: €50k▲ +11.4% vs 2021
2023: €19k▼ -62.5% vs 2022
2024: €-9k▼ -146% vs 2023
2025: €-12k▼ -35.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€467k▼ 2.5%
2024 · €479k
2018: €283klowest in 8 years
2019: €349k▲ +23.1% vs 2018
2020: €354k▲ +1.6% vs 2019
2021: €398k▲ +12.4% vs 2020
2022: €469k▲ +17.7% vs 2021
2023: €488k▲ +4.0% vs 2022highest in 8 years
2024: €479k▼ -1.8% vs 2023
2025: €467k▼ -2.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€406k-€469k▲ 15.5%€488k▲ 4.0%€479k▼ 1.8%€467k▼ 2.5%
2021: €406klowest in 5 years
2022: €469k▲ +15.5% vs 2021
2023: €488k▲ +4.0% vs 2022highest in 5 years
2024: €479k▼ -1.8% vs 2023
2025: €467k▼ -2.5% vs 2024
Operating result€53k-€65k▲ 22.5%€23k▼ 64.6%€-8k€-11k▼ 32.8%
2021: €53k
2022: €65k▲ +22.5% vs 2021highest in 5 years
2023: €23k▼ -64.6% vs 2022
2024: €-8k▼ -136% vs 2023
2025: €-11k▼ -32.8% vs 2024lowest in 5 years
Net result€45k-€50k▲ 11.4%€19k▼ 62.5%€-9k€-12k▼ 35.6%
2021: €45k
2022: €50k▲ +11.4% vs 2021highest in 5 years
2023: €19k▼ -62.5% vs 2022
2024: €-9k▼ -146% vs 2023
2025: €-12k▼ -35.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €512k
Equity
€467k ▼ 2.5%
Debt
€45k ▼ 69.9%
Debt's share of the balance-sheet total falls from 23.9% to 8.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
11.34▲
2024 · 4.19
Debt to equity
0.10▼
2024 · 0.31
ROE
-2.5%▼
2024 · -1.8%
ROA
-2.3%▼
2024 · -1.4%
Debt ≤ 1 year
€45k▼
2024 · €150k
Income taxes
€203▼
2024 · €264
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€629k€512k▼
Current assets29/58€629k€512k▼
Amounts receivable within one year40/41€627k€512k▼
Trade receivables40€33k€20k▼
Other amounts receivable41€594k€492k▼
Cash at bank and in hand54/58€2k€0▼
Deferred charges and accrued income490/1€561€696▲
Equity and liabilities
Total equity and liabilities10/49€629k€512k▼
Equity10/15€479k€467k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€459k€447k▼
Amounts payable17/49€150k€45k▼
Amounts payable within one year42/48€150k€45k▼
Financial debts43-€727
Credit institutions430/8-€727
Trade debts44€126k€25k▼
Suppliers440/4€126k€25k▼
Taxes, remuneration and social security45€4k€467▼
Taxes450/3€4k€467▼
Other amounts payable47/48€20k€19k▼
Income statement
Code20242025
Other operating charges640/8€1k€974▼
Gross operating margin9900€-7k€-10k▼
Operating profit (loss)9901€-8k€-11k▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€144€590▲
Recurring financial charges65€144€590▲
Profit (loss) for the period before taxes9903€-8k€-12k▼
Income taxes67/77€264€203▼
Profit (loss) for the period9904€-9k€-12k▼
Profit (loss) for the period to be appropriated9905€-9k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€459k€447k▼
Profit (loss) brought forward from the previous period14P€467k€459k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €0 | - | - | - |
| Other operating charges640/8 | €1k | €1k | €2k | €1k | €974 | ▼ 30.9% |
| Gross operating margin9900 | €69k | €80k | €25k | €-7k | €-10k | ▼ 45.8% |
| Operating profit (loss)9901 | €53k | €65k | €23k | €-8k | €-11k | ▼ 32.8% |
| Financial income75/76B | €0 | - | - | - | €10 | - |
| Recurring financial income75 | €0 | - | - | - | €10 | - |
| Financial charges65/66B | €661 | €354 | €168 | €144 | €590 | ▲ 309% |
| Recurring financial charges65 | €661 | €354 | €168 | €144 | €590 | ▲ 309% |
| Profit (loss) for the period before taxes9903 | €53k | €65k | €23k | €-8k | €-12k | ▼ 37.4% |
| Income taxes67/77 | €7k | €15k | €4k | €264 | €203 | ▼ 23.3% |
| Profit (loss) for the period9904 | €45k | €50k | €19k | €-9k | €-12k | ▼ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €45k | €50k | €19k | €-9k | €-12k | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555k | €575k | €608k | €629k | €512k | ▼ 18.6% |
| Fixed assets21/28 | €14k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €14k | €0 | - | - | - | - |
| Furniture and vehicles24 | €14k | €0 | - | - | - | - |
| Current assets29/58 | €541k | €575k | €608k | €629k | €512k | ▼ 18.6% |
| Amounts receivable within one year40/41 | €534k | €574k | €604k | €627k | €512k | ▼ 18.4% |
| Trade receivables40 | €43k | €61k | €40k | €33k | €20k | ▼ 39.8% |
| Other amounts receivable41 | €491k | €513k | €564k | €594k | €492k | ▼ 17.2% |
| Cash at bank and in hand54/58 | €6k | €0 | €3k | €2k | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €543 | €550 | €532 | €561 | €696 | ▲ 24.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555k | €575k | €608k | €629k | €512k | ▼ 18.6% |
| Equity10/15 | €406k | €469k | €488k | €479k | €467k | ▼ 2.5% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €398k | €449k | €467k | €459k | €447k | ▼ 2.6% |
| Amounts payable17/49 | €149k | €106k | €120k | €150k | €45k | ▼ 69.9% |
| Amounts payable after more than one year17 | €6k | €0 | - | - | - | - |
| Financial debts170/4 | €6k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €142k | €106k | €120k | €150k | €45k | ▼ 69.9% |
| Current portion of amounts payable after more than one year42 | €15k | €6k | €0 | - | - | - |
| Financial debts43 | - | €2k | €0 | - | €727 | - |
| Credit institutions430/8 | - | €2k | €0 | - | €727 | - |
| Trade debts44 | €47k | €43k | €80k | €126k | €25k | ▼ 80.0% |
| Suppliers440/4 | €47k | €43k | €80k | €126k | €25k | ▼ 80.0% |
| Taxes, remuneration and social security45 | €11k | €21k | €17k | €4k | €467 | ▼ 88.5% |
| Taxes450/3 | €11k | €21k | €17k | €4k | €467 | ▼ 88.5% |
| Other amounts payable47/48 | €69k | €33k | €23k | €20k | €19k | ▼ 6.1% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €50k | €19k | €-9k | €-12k | ▼ 35.6% |
| + Depreciation and write-downs630 | €14k | €14k | €0 | - | - | - |
| Operating cash flow (approximation) | €59k | €65k | €19k | €-9k | €-12k | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-6k | €3k | €-2k | €-2k | ▼ 11.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 23-07-2026
- Registered-office move, Klapstraat 57, 9831 Sint-Martens-Latem
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 11.34
Current ratio from 4.19 to 11.34; short-term debt falls from €150k to €45k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2017
Ground area
814 m²
Building footprint
106 m²
Parcel 44015B0267/00W002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Klapstraat 57, 9831 Sint-Martens-Latem
since 20172.261.975.464
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0267/00W002 | Flanders | 814 m² | 1 · 106 m² | - |
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.
Similar companies · same sector, comparable size
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DENIS
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Menza
BE 0672.886.921
Lier · Eq €469k
INVV
BE 0826.582.035
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GA-Liberty
BE 0455.204.865
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,557 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
63920Other information service activities
64210Activities of holding companies
70200Business and other management consultancy
77400Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.