MINDSETTING
ActiveSummary
MINDSETTING has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,047 and a net result of €88,411. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 34% of 10,757 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 4.8 FTE
- Equity
- €145,047
- Profit
- €88,411
- Parent
- TDG Mindset · 100%
- Tele4XDirector · permanent representative Serge Roofthooft
- Tele4X BVDirector
Why 84raises risk1 change of registered office in 24 monthsSize: 4.8 FTE, total assets €429,009lowers riskLiquidity: current ratio 1.45, cash €220,492Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 33% on solvency, 58% on liquidity, 64% on profitability and 16% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Algemene Vergadering - BoekjaarPower of attorney
- Appointment: Tele4X BV (additional director)Permanent representatives: Serge Roofthooft and…
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 7% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €142,766 | €150,658 | €193,394 | €273,722 | ▲ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,319 | €38,650 | €35,306 | €37,170 | €44,302 | €32,278 | €26,593 | ▼ 17.6% |
| Other operating charges640/8 | - | - | - | €3,830 | €3,313 | €3,118 | €2,892 | ▼ 7.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €74,782 | - |
| Gross operating margin9900 | €251,745 | €251,590 | €339,566 | €334,164 | €339,012 | €398,762 | €536,735 | ▲ 34.6% |
| Operating profit (loss)9901 | €154,628 | €148,713 | €195,243 | €150,398 | €140,739 | €169,972 | €158,746 | ▼ 6.6% |
| Financial income75/76B | - | - | - | €1 | - | €72 | €1,554 | ▲ 22× |
| Recurring financial income75 | €13 | €0 | €6 | €1 | - | €72 | €1,554 | ▲ 22× |
| Financial charges65/66B | - | - | - | €1,008 | €1,187 | €728 | €9,660 | ▲ 13× |
| Recurring financial charges65 | €1,224 | €746 | €642 | €1,008 | €1,187 | €728 | €9,660 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €153,418 | €147,967 | €194,606 | €149,391 | €139,552 | €169,316 | €150,639 | ▼ 11.0% |
| Income taxes67/77 | €4,890 | €48,402 | €50,820 | €40,244 | €40,492 | €46,777 | €62,228 | ▲ 33.0% |
| Profit (loss) for the period9904 | €148,527 | €99,565 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| Profit (loss) for the period to be appropriated9905 | €148,527 | €99,565 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €482,035 | €351,285 | €409,098 | €424,659 | €400,842 | €446,341 | €429,009 | ▼ 3.9% |
| Fixed assets21/28 | €135,146 | €116,170 | €102,356 | €120,377 | €78,621 | €49,812 | €28,231 | ▼ 43.3% |
| Intangible fixed assets21 | €47,020 | €49,529 | €32,363 | €15,197 | €3,935 | - | - | - |
| Tangible fixed assets22/27 | €88,126 | €66,641 | €69,993 | €105,179 | €74,686 | €49,812 | €28,231 | ▼ 43.3% |
| Land and buildings22 | - | - | - | €38,140 | €25,588 | €13,037 | €3,358 | ▼ 74.2% |
| Furniture and vehicles24 | - | - | - | €67,039 | €49,098 | €36,775 | €24,873 | ▼ 32.4% |
| Current assets29/58 | €346,889 | €235,115 | €306,742 | €304,282 | €322,221 | €396,529 | €400,778 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €158,145 | €150,603 | €125,400 | €86,882 | €179,207 | €211,230 | €161,452 | ▼ 23.6% |
| Trade receivables40 | - | - | - | €86,493 | €176,367 | €210,783 | €158,121 | ▼ 25.0% |
| Other amounts receivable41 | - | - | - | €389 | €2,841 | €447 | €3,330 | ▲ 645% |
| Cash at bank and in hand54/58 | €184,733 | €81,110 | €179,995 | €216,211 | €143,014 | €182,338 | €220,492 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,190 | - | €2,961 | €18,834 | ▲ 536% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €482,035 | €351,285 | €409,098 | €424,659 | €400,842 | €446,341 | €429,009 | ▼ 3.9% |
| Equity10/15 | €82,538 | €62,103 | €205,889 | €105,037 | €109,097 | €231,636 | €145,047 | ▼ 37.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,356 | €2,356 | €2,356 | €2,356 | €2,356 | €2,356 | €2,356 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €496 | €496 | €496 | €496 | = |
| Profit (loss) carried forward14 | €67,782 | €47,347 | €191,134 | €90,281 | €94,341 | €216,880 | €130,291 | ▼ 39.9% |
| Amounts payable17/49 | €399,497 | €289,182 | €203,209 | €319,622 | €291,745 | €214,705 | €283,962 | ▲ 32.3% |
| Amounts payable after more than one year17 | €16,595 | - | - | €27,046 | €20,392 | €13,667 | €6,870 | ▼ 49.7% |
| Financial debts170/4 | - | - | - | €27,046 | €20,392 | €13,667 | €6,870 | ▼ 49.7% |
| Amounts payable within one year42/48 | €382,902 | €289,182 | €203,209 | €292,576 | €271,353 | €201,038 | €277,092 | ▲ 37.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,584 | €6,654 | €6,725 | €6,797 | ▲ 1.1% |
| Financial debts43 | - | - | - | €11,542 | €11,478 | €10,753 | €14,064 | ▲ 30.8% |
| Credit institutions430/8 | - | - | - | €11,542 | €11,478 | €10,753 | €14,064 | ▲ 30.8% |
| Trade debts44 | €175,186 | €96,801 | €34,470 | €55,053 | €42,853 | €58,814 | €55,030 | ▼ 6.4% |
| Suppliers440/4 | - | - | - | €55,053 | €42,853 | €58,814 | €55,030 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,953 | €21,923 | €29,745 | €26,200 | ▼ 11.9% |
| Taxes450/3 | - | - | - | €5,953 | €21,923 | €27,420 | €26,200 | ▼ 4.4% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,325 | - | - |
| Other amounts payable47/48 | - | - | - | €213,445 | €188,445 | €95,000 | €175,000 | ▲ 84.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,527 | €99,565 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| + Depreciation and write-downs630 | €34,319 | €38,650 | €35,306 | €37,170 | €44,302 | €32,278 | €26,593 | ▼ 17.6% |
| Operating cash flow (approximation) | €182,846 | €138,215 | €179,092 | €146,317 | €143,362 | €154,817 | €115,004 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€19,674 | -€21,492 | -€55,191 | -€2,547 | -€3,469 | -€5,013 | ▼ 44.5% |
| Change in cash | - | -€103,623 | €98,885 | €36,216 | -€73,197 | €39,324 | €38,154 | ▼ 3.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00021485 |
| 30-06-2024 | abbreviated format | 28-02-2025 | 2025-00043099 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00020885 |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00015623 |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04200257 |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-02700190 |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-04300230 |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-03500244 |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03800131 |
| 30-06-2016 | abbreviated format | 14-12-2016 | 2016-69800446 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 4 entries · €5,140 awarded · €5,140 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,320 | €1,320 |
| 2024 | 2 | €3,820 | €3,820 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Tele4X |
|
| Tele4X BVfrom an act |
|
| T2MBusinessAdvisoryBV |
|
| TDGMindsetBV |
|
Owners and capital
Owners
1 ownerChain of control
- Teledesk Group
- TDG Mindset
- MINDSETTING
Highest known parent: Teledesk Group. The sources do not say who stands above it.
Owners 1
- TDG Mindsetparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 26-05-2023 Converted to unavailable equity
- 26-05-2023 Converted to available equity
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
13-07
Gazette deed
Algemene Vergadering - BoekjaarPower of attorney4 facts ▸
- General meeting, 24-06-2026
- Other provision, “verlenging lopend boekjaar”, 31-12-2026 (deed in Dutch)
- Power of attorney, Celine De Brabandere
- Power of attorney
22-05
Gazette deed
Appointment: Tele4X BV (additional director)Permanent representatives: Serge Roofthooft and Davy Verbeeck5 facts ▸
- General meeting, 15-04-2026
- Director appointment, Tele4X BV (additional director)
- Permanent representative, Serge Roofthooft
- Board composition, Verbeeck-De Graeve BV (director)
- Permanent representative, Davy Verbeeck
15-01
Gazette deed
Resignations: T2MBusinessAdvisoryBV (director) and TDGMindsetBV (director)Permanent representatives: TimMessagie and GeertVerhaeghe · Registered-office move7 facts ▸
- General meeting, 10-12-2025
- Director resignation, T2MBusinessAdvisoryBV (director)
- Permanent representative, TimMessagie (vastvertegenwoordiger)
- Director resignation, TDGMindsetBV (director)
- Permanent representative, GeertVerhaeghe (vastvertegenwoordiger)
- Board meeting, 10-12-2025
- Registered-office move, Plumerlaan113,B-8900leper
26-05
Gazette deed
Capital & shares · Amendment of the articlesCapital conversion5 facts ▸
- General meeting, 08-05-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “coördinatie opmaken en ondertekenen in overeenstemming met vorige besluit en neerlegging in vennootschapsdossier verzorgen, opdracht coördinatie statuten” (deed in Dutch)
Show earlier events
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46025B1190/00Y012 | Flanders | 4,191 m² | 1 · 506 m² | 38.2 m · 11 |
| 33303E0329/04E002 | Flanders | 2,049 m² | 1 · 1,359 m² | 9.5 m · 2 |
| 46302D1387/00E002 | Flanders | 480 m² | 1 · 71 m² | 9.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ontwerpen, uítwerken en consultancy aan bedrijven en particulieren op het vlak van grafische vormgeving. productdesign, publiciteit, het…” (deed in Dutch)
7 activities (deed in Dutch)
- Het ontwerpen, uítwerken en consultancy aan bedrijven en particulieren op het vlak van grafische vormgeving. productdesign, publiciteit, het opstellen en publiceren van drukwerk van algemene en publicitaire aard, drukwerk, lay-out, boodschappen, logo's, persmededelingen, bedrijfsdocumentatie, reclameboodschappen, multimediaprojecten, audio-visuele activiteiten en fotografie.
- Het plaatsen van advertenties, het organiseren en verzorgen van reclamecampagnes, beursstands evenementen;
- Alle werkzaamheden verbonden aan copyright en auteursrechten;
- Het verlenen van bijstand, advies, management en andere diensten aan bedrijven, privé-personen en instellingen. De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurdersfuncties waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. De diensten kunnen worden geleverd krachtens contractuele of statutaire benoeming en in hoedanigheid van externe raadgever als orgaan van de cliënt;
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuurder;
- Het aankopen, beheren, verhuren, investeren, van- en in alle onroerende en roerende goederen en alle onroerende goederen en roerende rechten;
- Zij mag alle handels-, nijverheids- en financiële verrichtingen doen, hetzij roerend als onroerend, die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van aard zijn dit te begunstigen. Zij kan ondermeer een belang nemen in iedere onderneming waarvan het voorwerp gelijkaardig, overeenkomstig of verwant is met het hare.
- Name clauseThe name the company operates under according to its articles.
- MINDSETTING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De bestuurder(s) kunnen de uitoefening van een deel van hun bevoegdheid ten titel van bijzondere volmacht opdragen aan een derde aangestelde…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, aantal, duur van opdracht en, indien meerdere bestuurders, bevoegdheid” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 16:00