MINDSHARE
ActiveSummary
MINDSHARE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376,866 and a net result of €104,086. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 15.89 against 4.12 in 2024; short-term debt: 5.8% and cash: 36.4% of total assets), and 5.9% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
94.1%
Return on assets
26%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
42 d early
2022
30 d late
2021
3 d early
2020
42 d early
2019
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€400,636▲ 15.2%
2024 · €347,692
Net result
€104,086▲ 20.3%
2024 · €86,506
Working capital
€347,861▲ 51.1%
2024 · €230,228
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€66,355▲ 290%€84,231▲ 26.9%€115,761▲ 37.4%€131,303▲ 13.4%€121,364▼ 7.6%
Net result€46,828▲ 214%€60,388▲ 29.0%€71,241▲ 18.0%€86,506▲ 21.4%€104,086▲ 20.3%
Equity€156,040▲ 1.4%€179,403▲ 15.0%€224,879▲ 25.3%€273,613▲ 21.7%€376,866▲ 37.7%
Total assets€218,200▲ 2.1%€239,018▲ 9.5%€281,383▲ 17.7%€347,692▲ 23.6%€400,636▲ 15.2%
Debt€62,160▲ 3.8%€59,615▼ 4.1%€56,503▼ 5.2%€74,079▲ 31.1%€23,770▼ 67.9%
Working capital€118,634▲ 9.6%€126,310▲ 6.5%€171,310▲ 35.6%€230,228▲ 34.4%€347,861▲ 51.1%
Staff (FTE)10.3▼ 70.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400,636
Fixed assets
€29,406 ▼ 32.8%
Current assets
€371,230 ▲ 22.1%
Equity and liabilities €400,636
Equity
€376,866 ▲ 37.7%
Debt
€23,770 ▼ 67.9%
Debt's share of the balance-sheet total falls from 21.3% to 5.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135,731▼
2024 · €145,670
Cash flow
€118,453▲
2024 · €100,873
Current ratio
15.89▲
2024 · 4.12
Debt to equity
0.06▼
2024 · 0.27
ROE
27.6%▼
2024 · 31.6%
ROA
26.0%▲
2024 · 24.9%
Interest coverage
63.36▲
2024 · 33.43
Debt ≤ 1 year
€23,370▼
2024 · €73,691
Income taxes
€42,342▼
2024 · €43,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29,110 | €38,914 | €4,721 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,459 | €10,403 | €15,292 | €14,367 | €14,367 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,975 | €0 | - | - | - |
| Other operating charges640/8 | €1,183 | €1,211 | €694 | €760 | €903 | ▲ 18.8% |
| Gross operating margin9900 | €113,107 | €136,734 | €136,468 | €146,430 | €136,634 | ▼ 6.7% |
| Operating profit (loss)9901 | €66,355 | €84,231 | €115,761 | €131,303 | €121,364 | ▼ 7.6% |
| Financial income75/76B | - | €1,366 | €0 | €3,433 | €27,207 | ▲ 692% |
| Recurring financial income75 | - | €1,366 | €0 | €3,433 | €27,207 | ▲ 692% |
| Financial charges65/66B | €475 | €566 | €722 | €4,357 | €2,142 | ▼ 50.8% |
| Recurring financial charges65 | €475 | €566 | €722 | €4,357 | €2,142 | ▼ 50.8% |
| Profit (loss) for the period before taxes9903 | €65,880 | €85,031 | €115,039 | €130,379 | €146,428 | ▲ 12.3% |
| Income taxes67/77 | €19,052 | €24,643 | €43,798 | €43,873 | €42,342 | ▼ 3.5% |
| Profit (loss) for the period9904 | €46,828 | €60,388 | €71,241 | €86,506 | €104,086 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €46,828 | €60,388 | €71,241 | €86,506 | €104,086 | ▲ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,200 | €239,018 | €281,383 | €347,692 | €400,636 | ▲ 15.2% |
| Fixed assets21/28 | €37,754 | €67,723 | €58,140 | €43,773 | €29,406 | ▼ 32.8% |
| Intangible fixed assets21 | €4,000 | €2,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €31,554 | €63,523 | €55,940 | €41,573 | €27,206 | ▼ 34.6% |
| Plant, machinery and equipment23 | €537 | - | - | - | - | - |
| Furniture and vehicles24 | €31,017 | €63,523 | €55,940 | €41,573 | €27,206 | ▼ 34.6% |
| Financial fixed assets28 | €2,200 | €2,200 | €2,200 | €2,200 | €2,200 | = |
| Current assets29/58 | €180,446 | €171,295 | €223,243 | €303,919 | €371,230 | ▲ 22.1% |
| Amounts receivable within one year40/41 | €17,413 | €3,268 | €1,157 | €55,722 | €6,764 | ▼ 87.9% |
| Trade receivables40 | €17,413 | €3,268 | €1,157 | €55,722 | €5,944 | ▼ 89.3% |
| Other amounts receivable41 | - | - | - | - | €820 | - |
| Current investments50/53 | - | - | - | €118,397 | €218,397 | ▲ 84.5% |
| Cash at bank and in hand54/58 | €162,117 | €168,027 | €222,086 | €129,665 | €145,932 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €916 | - | - | €135 | €137 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,200 | €239,018 | €281,383 | €347,692 | €400,636 | ▲ 15.2% |
| Equity10/15 | €156,040 | €179,403 | €224,879 | €273,613 | €376,866 | ▲ 37.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €144 | €144 | = |
| Reserves13 | €137,433 | €160,708 | €206,143 | €273,278 | €376,518 | ▲ 37.8% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €11,652 | €11,652 | €11,652 | €11,652 | €11,652 | = |
| Distributable reserves133 | €123,922 | €147,197 | €194,491 | €261,626 | €364,866 | ▲ 39.5% |
| Profit (loss) carried forward14 | €15 | €103 | €145 | €192 | €205 | ▲ 6.8% |
| Amounts payable17/49 | €62,160 | €59,615 | €56,503 | €74,079 | €23,770 | ▼ 67.9% |
| Amounts payable after more than one year17 | - | €14,282 | €4,223 | €0 | - | - |
| Financial debts170/4 | - | €14,282 | €4,223 | €0 | - | - |
| Amounts payable within one year42/48 | €61,812 | €44,985 | €51,933 | €73,691 | €23,370 | ▼ 68.3% |
| Current portion of amounts payable after more than one year42 | €13,040 | €9,957 | €10,060 | €4,223 | €0 | ▼ 100% |
| Trade debts44 | €5,146 | €5,052 | €7,105 | €5,248 | €10,284 | ▲ 96.0% |
| Suppliers440/4 | €5,146 | €5,052 | €7,105 | €5,248 | €10,284 | ▲ 96.0% |
| Taxes, remuneration and social security45 | €26,420 | €21,749 | €28,815 | €20,349 | €10,786 | ▼ 47.0% |
| Taxes450/3 | €26,420 | €15,809 | €28,815 | €20,349 | €10,786 | ▼ 47.0% |
| Remuneration and social security454/9 | - | €5,940 | €0 | - | - | - |
| Other amounts payable47/48 | €17,206 | €8,227 | €5,953 | €43,871 | €2,299 | ▼ 94.8% |
| Accrued charges and deferred income492/3 | €348 | €348 | €348 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,828 | €60,388 | €71,241 | €86,506 | €104,086 | ▲ 20.3% |
| + Depreciation and write-downs630 | €16,459 | €10,403 | €15,292 | €14,367 | €14,367 | = |
| Operating cash flow (approximation) | €63,287 | €70,791 | €86,533 | €100,873 | €118,453 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€40,372 | -€5,709 | €0 | €0 | - |
| Change in cash | - | €5,910 | €54,059 | -€92,421 | €16,267 | ▲ 118% |
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
25-09
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
25-09
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
25-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
25-09
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
23-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
23-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
23-09
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €104,086 ▲20.3%
Net result €104,086, the highest in the series.
30-09
Financial
Liquidity quadruplescurrent ratio 15.89
Current ratio from 4.12 to 15.89; short-term debt falls from €73,691 to €23,370.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
State Gazette act
General meeting · Director appointment
Permanent representative · Auditor appointment
Show earlier events
23-05
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor appointment
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
19-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
30-09
Financial
Equity above €200,000Eq €224,879 ▲25.3%
4 profitable years in a row build equity to €224,879.
31-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
30-10
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
26-10
State Gazette act
Board meeting · Director resignation
Permanent representative · General meeting
26-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
26-10
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
26-10
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
26-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
26-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
26-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
26-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
30-09
Financial
Back to profitnet €14,933
Net result €14,933 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €153,847 ▲10.7%
Equity rises from €138,915 to €153,847.
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€11,618
Net result drops to -€11,618, the lowest in the series; recovery starts the following year.
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Nazareth-De Pinte · 1 establishment unit since 1995
Ground area
891 m²
Building footprint
142 m²
Volume, LiDAR
808 m³
Parcel 44012B0689/00Y002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
J. Anthierenslaan 28, 9840 Nazareth-De Pinte
since 19952.071.650.576
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0689/00Y002 | Flanders | 891 m² | 1 · 142 m² | 10.5 m · 2 fl. |
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.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Infino
Shared director
→
Royal Latem Golf Club
Shared director
→
Ownership & control
8 board mandatesBoard mandates of this companythis company sits on their board8
18 locations
18 locations
17 locations
9 locations
6 locations
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 2,098 EUR awarded · 2,098 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 735 EUR | 735 EUR |
| 2022 | 1 | 1,363 EUR | 1,363 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 36,752 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
Founded10-04-1995
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455003046
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.