MINDSCAPE GRAPHICS
ActiveSummary
MINDSCAPE GRAPHICS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,370 and a net result of €36,299. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 29% of 4,342 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-04-2021 Normal situation
- Activity
- Graphic design and visual communication NACE 74120and 2 others
- Joint committee
- 200 Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.316.928.538 1200 Woluwe-Saint-Lambert, since 28-04-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €62,135
- ▲ 10.4%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €36,299
- ▲ 65.3%
- Equity
- €19,370
- ▼ 55.0%
- Total assets
- €82,043
- ▲ 12.3%
- Staff
- 0.3 FTE
- ▼ 70.0%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateEquity €19,370 (23.6% of total assets)lowers riskSector: Other professional, scientific and technical activities (NACE 74)Liquidity: current ratio 0.98, cash €22,311Show the evidence
Checked score
About 2 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 74, micro). It does better than 30% of them on solvency, 26% on liquidity, 88% on profitability and 12% on growth.
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
The company filed its last 5 accounts on average 18 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00481421.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is 59% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.5 | 0.5 | - |
| Average over the year, in full-time equivalents | 0.2 | 0.5 | 0.2 |
| On a permanent contract | 1 | 1 | - |
| Joined | 1 | - | 0 |
| Left | 1 | - | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,539 | €2,618 | €9,374 | - | €17,004 |
| Financial fixed assets | - | - | €363 | - | - |
| Depreciation and write-downs of the year | €817 | €1,802 | €1,885 | €3,123 | €4,308 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,466 | €22,756 | €10,101 | ▼ 55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €817 | €1,802 | €1,885 | €3,123 | €4,308 | ▲ 38.0% |
| Other operating charges640/8 | €645 | €411 | €2,043 | €805 | €704 | ▼ 12.6% |
| Gross operating margin9900 | €36,454 | €77,398 | €30,617 | €56,305 | €62,135 | ▲ 10.4% |
| Operating profit (loss)9901 | €34,992 | €75,185 | €19,222 | €29,621 | €47,022 | ▲ 58.7% |
| Financial income75/76B | - | - | €94 | - | - | - |
| Recurring financial income75 | - | - | €94 | - | - | - |
| Financial charges65/66B | €6 | €68 | €650 | €807 | €605 | ▼ 25.0% |
| Recurring financial charges65 | €6 | €68 | €650 | €807 | €605 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €34,986 | €75,118 | €18,666 | €28,814 | €46,417 | ▲ 61.1% |
| Income taxes67/77 | €8,114 | €15,374 | €4,920 | €6,855 | €10,117 | ▲ 47.6% |
| Profit (loss) for the period9904 | €26,872 | €59,744 | €13,746 | €21,959 | €36,299 | ▲ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €26,872 | €59,744 | €13,746 | €21,959 | €36,299 | ▲ 65.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,674 | €101,296 | €103,348 | €73,075 | €82,043 | ▲ 12.3% |
| Fixed assets21/28 | €4,722 | €5,539 | €11,498 | €8,375 | €20,709 | ▲ 147% |
| Tangible fixed assets22/27 | €4,722 | €5,539 | €11,135 | €8,012 | €20,709 | ▲ 158% |
| Furniture and vehicles24 | €4,722 | €5,539 | €11,135 | €8,012 | €20,709 | ▲ 158% |
| Financial fixed assets28 | - | - | €363 | €363 | - | - |
| Current assets29/58 | €43,952 | €95,758 | €91,850 | €64,700 | €61,334 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €13,099 | €21,069 | €32,564 | €48,745 | €37,938 | ▼ 22.2% |
| Trade receivables40 | €13,099 | €21,069 | €19,014 | €25,040 | €28,155 | ▲ 12.4% |
| Other amounts receivable41 | - | - | €13,550 | €23,706 | €9,783 | ▼ 58.7% |
| Cash at bank and in hand54/58 | €30,658 | €74,488 | €58,515 | €14,916 | €22,311 | ▲ 49.6% |
| Deferred charges and accrued income490/1 | €195 | €200 | €771 | €1,038 | €1,085 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,674 | €101,296 | €103,348 | €73,075 | €82,043 | ▲ 12.3% |
| Equity10/15 | €20,372 | €80,116 | €87,612 | €43,070 | €19,370 | ▼ 55.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €17,872 | €77,616 | €85,112 | €40,570 | €16,870 | ▼ 58.4% |
| Distributable reserves133 | €17,872 | €77,616 | €85,112 | €40,570 | €16,870 | ▼ 58.4% |
| Amounts payable17/49 | €28,302 | €21,180 | €15,736 | €30,005 | €62,673 | ▲ 109% |
| Amounts payable within one year42/48 | €28,302 | €21,180 | €15,736 | €30,005 | €62,673 | ▲ 109% |
| Trade debts44 | €208 | €217 | €1,526 | €660 | €1,041 | ▲ 57.8% |
| Suppliers440/4 | €208 | €217 | €1,526 | €660 | €1,041 | ▲ 57.8% |
| Taxes, remuneration and social security45 | €19,095 | €20,725 | €14,210 | €12,845 | €21,201 | ▲ 65.0% |
| Taxes450/3 | €19,095 | €20,725 | €13,387 | €10,348 | €21,201 | ▲ 105% |
| Remuneration and social security454/9 | - | - | €823 | €2,497 | - | - |
| Other amounts payable47/48 | €9,000 | €238 | - | €16,500 | €40,431 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,872 | €59,744 | €13,746 | €21,959 | €36,299 | ▲ 65.3% |
| + Depreciation and write-downs630 | €817 | €1,802 | €1,885 | €3,123 | €4,308 | ▲ 38.0% |
| Operating cash flow (approximation) | €27,688 | €61,546 | €15,631 | €25,082 | €40,607 | ▲ 61.9% |
| Investment in fixed assets (approximation) | - | -€2,618 | -€7,845 | €0 | -€16,641 | - |
| Change in cash | - | €43,830 | -€15,973 | -€43,598 | €7,395 | - |
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, 6,713 companies had the same profile as MINDSCAPE GRAPHICS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MINDSCAPE GRAPHICS itself is lower: 0.2% within 12 months. It rests on far more data about MINDSCAPE GRAPHICS than the profile alone.
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 6,713 companies, not a prediction for MINDSCAPE GRAPHICS. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00481421 | |
| 31-12-2024 | micro format | 05-08-2025 | 2025-00362943 | |
| 31-12-2023 | micro format | 09-08-2024 | 2024-00336990 | |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00348836 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20301359 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
MINDSCAPE GRAPHICS shares no director with another company.
Companies at the same address
4 other companies- Steen, Shannon (sole trader) Establishment · since 01-09-2024Founded in 2024 1012.953.182
- Castanheira Farias, Filipe (sole trader) Establishment · since 28-11-2022Founded in 2022 0545.754.365
- ASSOCIATION POUR LA PROMOTION DES ACTIVITES CULTURELLES À WOLUWE-SAINT-LAMBERT Registered office · since 07-12-2010Founded in 2010 0831.693.143
- Association des copropriétaires de l'immeuble sis à Woluwe-Saint-Lambert, avenue Heydenberg 49 Registered office · since 01-08-1995Founded in 1995 0843.883.865
Connections & network
1 current directorThe network starts from the directors of MINDSCAPE GRAPHICS. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 |
|---|---|---|---|---|
| 21673D0094/00R003 | Brussels | 506 m² | 1 · 307 m² | 17.6 m · 5 |