MINDSET REAL ESTATE
ActiveMINDSET REAL ESTATE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €45k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-9
Solvency34▼-22
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.36 in 2024; short-term debt: 62.1% and cash: 22.4% of total assets), and 90.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
9.2%
Return on assets
3.9%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
44 d early
2023
1 d late
2022
28 d early
2021
25 d late
2020
21 d early
2019
95 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.58M
EBIT margin
18.3%
Net result
€45k▼ 64.4%
2024 · €128k
2018: €88k
2019: €35k
2020: €159k
2021: €343k
2022: €184k
2023: €129k
2024: €128k
2018 → 2025
Working capital
€321k▲ 18.5%
2024 · €271k
2018: €9k
2019: €21k
2020: €115k
2021: €310k
2022: €482k
2023: €492k
2024: €271k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€454k-€639k▲ 40.6%€583k▼ 8.7%€361k▼ 38.1%€106k▼ 70.6%
Operating result€420k-€287k▼ 31.6%€191k▼ 33.6%€249k▲ 30.4%€89k▼ 64.1%
Net result€343k-€184k▼ 46.2%€129k▼ 29.9%€128k▼ 1.1%€45k▼ 64.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€118k▼ 15.4%
Current assets
€1.04M▲ 2.2%
Equity and liabilities €1.16M
Equity
€106k▼ 70.6%
Debt
€1.05M▲ 32.0%
The debt ratio rises from 68.9% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€122k▼
2024 · €284k
Cash flow
€78k▼
2024 · €163k
Solvency
9.2%▼
2024 · 31.1%
Current ratio
1.45▲
2024 · 1.36
Quick ratio
1.45▲
2024 · 1.36
Debt / equity
9.92▲
2024 · 2.21
ROE
42.9%▲
2024 · 35.4%
ROA
3.9%▼
2024 · 11.0%
Interest coverage
6.42▼
2024 · 9.72
Debt
€1.05M▲
2024 · €797k
Debt ≤ 1 year
€720k▼
2024 · €748k
Debt > 1 year
€333k▲
2024 · €50k
Income taxes
€42k▼
2024 · €99k
Staff costs
€311k▲
2024 · €274k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.16M▲
Fixed assets21/28€139k€118k▼
Intangible fixed assets21€3k€11k▲
Tangible fixed assets22/27€129k€103k▼
Furniture and vehicles24€53k€35k▼
Other tangible fixed assets26€76k€68k▼
Financial fixed assets28€8k€3k▼
Current assets29/58€1.02M€1.04M▲
Amounts receivable after more than one year29€203k€265k▲
Other amounts receivable291€203k€265k▲
Amounts receivable within one year40/41€367k€380k▲
Trade receivables40€364k€357k▼
Other amounts receivable41€3k€23k▲
Current investments50/53€80k€80k=
Cash at bank and in hand54/58€354k€259k▼
Deferred charges and accrued income490/1€15k€56k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.16M▲
Equity10/15€361k€106k▼
Contributions10/11€19k€19k=
Reserves13€134k€88k▼
Tax-exempt reserves132€3k€3k=
Distributable reserves133€131k€84k▼
Profit (loss) carried forward14€208k€0▼
Amounts payable17/49€797k€1.05M▲
Amounts payable after more than one year17€50k€333k▲
Financial debts170/4€50k€333k▲
Amounts payable within one year42/48€748k€720k▼
Current portion of amounts payable after more than one year42€73k€125k▲
Financial debts43€18k€31k▲
Credit institutions430/8€18k€31k▲
Trade debts44€106k€169k▲
Suppliers440/4€106k€169k▲
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€50k€92k▲
Taxes450/3€24k€46k▲
Remuneration and social security454/9€26k€46k▲
Other amounts payable47/48€498k€300k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€274k€311k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€33k▼
Other operating charges640/8€28k€6k▼
Non-recurring operating charges66A€145k€7k▼
Gross operating margin9900€731k€447k▼
Operating profit (loss)9901€249k€89k▼
Financial income75/76B€7k€18k▲
Recurring financial income75€7k€6k▼
Non-recurring financial income76B-€11k
Financial charges65/66B€29k€19k▼
Recurring financial charges65€29k€19k▼
Profit (loss) for the period before taxes9903€227k€88k▼
Income taxes67/77€99k€42k▼
Profit (loss) for the period9904€128k€45k▼
Profit (loss) for the period to be appropriated9905€128k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€558k€253k▼
Profit (loss) brought forward from the previous period14P€430k€208k▼
Transfer from equity791/2-€47k
Profit to be distributed694/7€350k€300k▼
Return on contributions (dividend)694€350k€300k▼
Social balance
Average headcount (FTE)90875.96.5▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €639k ▲40.6%
5 profitable years in a row build equity to €639k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €343k ▲116%
Operating result €420k, net result €343k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €312k ▲104%
3 profitable years in a row build equity to €312k.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet €35k ▼60.6%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €153k ▲29.4%
2 profitable years in a row build equity to €153k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heuleplaats(Heu) 168501 KortrijkGround area
309 m²
Building footprint
191 m²
Volume, LiDAR
1,697 m³
Parcel 34016C0096/00D000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MINDSET REAL ESTATE
since 20152.246.226.624
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0096/00D000 | Flanders | 309 m² | 1 · 191 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 7,029 EUR awarded · 7,029 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,193 EUR | 5,193 EUR |
| 2023 | 1 | 1,026 EUR | 1,026 EUR |
| 2022 | 1 | 810 EUR | 810 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2015
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.