Equity
MINDSHIFT has made a profit without a break since 2018.
MINDSHIFT has made a profit without a break since 2018.
Green is investment, beige is depreciation.
The last five annual accounts were filed 5 to 21 days before the end of the period.
The dashed line is the sector median: 0.2% across 12,668 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 88% of them on solvency, 46% on liquidity, 51% on profitability and 56% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
In July 2024, 20,137 companies had the same profile as MINDSHIFT has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of MINDSHIFT itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 20,137 companies, not a prediction for MINDSHIFT. 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.
Liquidity is ample, with a current ratio of 16.08 (15.15 in 2024), above the usual 1.5. Short-term debt is 3.6% and cash 2.7% of total assets. 8.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MINDSHIFT Aalter | €1.0m | €137,565 | 91.3% | - |
| FLIRSA Sint-Niklaas | €1.0m | €154,731 | 78.5% | - |
| RUMAKS Ninove | €1.0m | €144,058 | 27.4% | - |
| GANICOR EUROPE Ghent | €0.8m | €122,018 | 53.5% | - |
| DE LINDE Evergem | €1.1m | €111,451 | 16.1% | - |
| AGENTUREN GEERT LESAGE Kortrijk | €1.1m | €140,041 | 75.2% | - |
| 2M SYSTEMS Aarschot | €0.9m | €149,909 | 76.3% | - |
These companies have the same main activity as MINDSHIFT: other business support services (NACE 82990). They are comparable in size and age: total assets between €847,000 and €1.1m, founded between 1999 and 2004.
MINDSHIFT files the abbreviated format. That format states no turnover. The gross margin rose from €81,409 in 2006 to €137,565 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €160,000 and €290,000.
Higher than 90% of 2,824 companies in 2025.
Higher than 93% of 2,713 companies in 2025.
Higher than 65% of 2,771 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
982,167 | 910,711 | 899,089 | 763,412 | 677,141 | 670,846 | 427,546 | 391,332 | 190,400 | 219,128 | 180,776 | 162,299 | 144,361 | 189,121 | 198,560 | 189,725 | 206,625 | 235,979 | 238,064 | 224,165 | |
21/28 |
409,664 | 391,078 | 402,761 | 417,691 | 414,795 | 404,997 | 242,469 | 135,085 | 17,530 | 21,645 | 21,144 | 10,973 | 19,744 | 120,574 | 138,228 | 101,299 | 110,201 | 117,732 | 124,798 | 136,969 | |
22/27 |
409,664 | 391,078 | 402,761 | 417,691 | 414,795 | 404,997 | 242,469 | 135,085 | 17,530 | 21,645 | 21,144 | 10,973 | 19,744 | 120,574 | 138,228 | 101,299 | 110,201 | 117,732 | 124,798 | 136,969 | |
22 |
369,735 | 380,121 | 390,507 | 401,892 | 394,697 | 404,372 | 239,783 | 125,118 | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
36,559 | 10,957 | 12,254 | 15,799 | 20,098 | - | - | 5,220 | 10,722 | 15,465 | 20,273 | 9,256 | 17,181 | 26,007 | 34,479 | 1,392 | 864 | - | - | - | |
26 |
3,370 | - | - | - | 0 | 625 | 2,686 | 4,747 | 6,808 | 6,181 | 871 | 1,717 | 2,563 | 94,567 | 103,749 | 99,907 | 109,337 | 117,732 | 124,798 | 131,886 | |
29/58 |
572,503 | 519,633 | 496,328 | 345,721 | 262,346 | 265,849 | 185,077 | 256,247 | 172,871 | 197,483 | 159,632 | 151,326 | 124,618 | 68,547 | 60,332 | 88,425 | 96,425 | 118,247 | 113,266 | 87,195 | |
29 |
130,000 | 130,000 | 180,000 | 180,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
130,000 | 130,000 | 180,000 | 180,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
82,120 | 41,516 | 28,959 | 31,750 | 20,531 | 13,941 | 15,956 | 25,578 | 28,035 | 16,240 | 9,630 | 8,326 | 9,835 | 8,795 | 8,871 | 32,638 | 57,794 | 93,004 | 60,496 | 18,802 | |
40 |
19,689 | 2,000 | 788 | 0 | 3,626 | - | - | - | - | - | - | - | - | - | - | 25,599 | 52,384 | 93,004 | 53,492 | 11,890 | |
41 |
62,432 | 39,516 | 28,170 | 31,750 | 16,904 | 13,941 | 15,956 | 25,578 | 28,035 | 16,240 | 9,630 | 8,326 | 9,835 | 8,795 | 8,871 | 7,039 | 5,410 | - | 7,004 | 6,912 | |
50/53 |
330,058 | 293,925 | 251,187 | 111,943 | 174,944 | 204,894 | 154,747 | 213,550 | 116,425 | 163,771 | 132,639 | 125,339 | 91,705 | 46,695 | 40,545 | 40,032 | 24,604 | 20,429 | 52,010 | 54,992 | |
54/58 |
26,659 | 50,928 | 34,010 | 19,213 | 65,254 | 45,299 | 12,373 | 15,145 | 26,470 | 16,611 | 16,032 | 17,123 | 22,638 | 10,976 | 8,591 | 15,390 | 13,888 | 4,059 | 310 | 13,401 | |
490/1 |
3,665 | 3,264 | 2,173 | 2,815 | 1,618 | 1,716 | 2,001 | 1,974 | 1,941 | 862 | 1,330 | 537 | 440 | 2,081 | 2,325 | 365 | 139 | 754 | 450 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
982,167 | 910,711 | 899,089 | 763,412 | 677,141 | 670,846 | 427,546 | 391,332 | 190,400 | 219,128 | 180,776 | 162,299 | 144,361 | 189,121 | 198,560 | 189,725 | 206,625 | 235,979 | 238,064 | 224,165 | |
10/15 |
896,872 | 813,092 | 782,099 | 629,637 | 531,558 | 510,505 | 264,740 | 223,530 | 152,306 | 154,193 | 125,321 | 91,665 | 60,195 | 34,067 | 54,072 | 74,745 | 84,331 | 96,942 | 95,960 | 65,105 | |
10/11 |
186,667 | 186,667 | 186,667 | 186,667 | 186,667 | 186,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | 12,667 | |
100 |
- | - | - | - | - | - | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
101 |
- | - | - | - | - | - | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | |
13 |
710,205 | 626,425 | 595,432 | 442,971 | 344,891 | 323,839 | 252,073 | 210,864 | 139,640 | 141,526 | 112,654 | 78,999 | 47,529 | 21,400 | 41,405 | 62,079 | 71,665 | 84,275 | 83,293 | 52,438 | |
130 |
- | - | - | - | - | - | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | |
133 |
710,205 | 626,425 | 595,432 | 442,971 | 344,891 | 323,839 | 250,173 | 208,964 | 137,740 | 139,626 | 110,754 | 77,099 | 45,629 | 19,500 | 39,505 | 60,179 | 69,765 | 82,375 | 81,393 | 50,538 | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 28,500 | 27,000 | 25,500 | 24,000 | 22,500 | |
160/5 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 28,500 | 27,000 | 25,500 | 24,000 | 22,500 | |
160 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
55,295 | 67,619 | 86,990 | 103,775 | 115,584 | 130,340 | 132,806 | 137,802 | 8,094 | 34,935 | 25,455 | 40,634 | 54,166 | 125,054 | 114,488 | 86,480 | 95,294 | 113,537 | 118,105 | 136,560 | |
17 |
19,681 | 33,312 | 46,731 | 59,940 | 72,944 | 85,745 | 98,347 | 110,752 | - | - | - | - | 5,873 | 41,970 | 63,690 | 54,576 | 68,220 | 81,864 | 95,508 | 109,152 | |
170/4 |
19,681 | 33,312 | 46,731 | 59,940 | 72,944 | 85,745 | 98,347 | 110,752 | - | - | - | - | 5,873 | 41,970 | 63,690 | 54,576 | 68,220 | 81,864 | 95,508 | 109,152 | |
42/48 |
35,614 | 34,307 | 40,260 | 43,834 | 42,639 | 44,570 | 34,434 | 26,862 | 8,069 | 34,590 | 25,430 | 40,634 | 48,258 | 83,058 | 50,798 | 30,793 | 26,933 | 31,090 | 22,597 | 27,408 | |
42 |
13,631 | 13,419 | 13,210 | 13,004 | 12,801 | 12,602 | 12,405 | 13,221 | - | - | - | 5,873 | 8,809 | 22,453 | 23,188 | 13,644 | 13,644 | 13,644 | 13,644 | 18,952 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,571 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,571 | |
44 |
3,094 | 4,595 | 6,007 | 4,700 | 4,506 | 3,339 | 5,127 | 2,444 | 1,769 | 8,704 | 1,839 | 2,476 | 797 | 903 | 895 | 2,435 | 776 | 3,580 | 4,313 | 875 | |
440/4 |
3,094 | 4,595 | 6,007 | 4,700 | 4,506 | 3,339 | 5,127 | 2,444 | 1,769 | 8,704 | 1,839 | 2,476 | 797 | 903 | 895 | 2,435 | 776 | 3,580 | 4,313 | 875 | |
45 |
18,889 | 16,293 | 21,043 | 26,130 | 25,029 | 28,629 | 16,902 | 11,197 | 6,300 | 9,886 | 10,091 | 12,285 | 11,652 | 9,702 | 6,716 | 5,715 | 5,513 | 5,631 | 3,000 | 3,370 | |
450/3 |
18,889 | 16,293 | 21,043 | 26,130 | 25,029 | 28,629 | 16,902 | 11,197 | 6,300 | 9,886 | 10,091 | 12,285 | 11,652 | 9,702 | 6,716 | 5,715 | 5,513 | 5,631 | 3,000 | 3,370 | |
47/48 |
- | - | - | 0 | 302 | - | - | - | - | 16,000 | 13,500 | 20,000 | 27,000 | 50,000 | 20,000 | 9,000 | 7,000 | 8,235 | 1,640 | 1,640 | |
492/3 |
- | - | - | - | 0 | 25 | 25 | 188 | 25 | 345 | 25 | - | 34 | 25 | - | 1,110 | 141 | 583 | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
137,565 | 196,382 | 238,274 | 202,130 | 129,682 | 130,312 | 128,466 | 171,052 | 13,468 | 71,915 | 88,113 | 89,943 | 96,672 | 68,125 | 52,131 | 43,957 | 41,587 | 22,656 | 64,817 | 81,409 | |
630 |
17,377 | 15,401 | 15,712 | 14,206 | 11,198 | 11,472 | 38,043 | 27,665 | 7,998 | 7,523 | 6,216 | 9,980 | 9,756 | 18,330 | 20,050 | 10,144 | 9,766 | 9,223 | 8,791 | 14,943 | |
631/4 |
- | - | 0 | -24,649 | - | - | - | -55,470 | - | - | - | - | - | - | 24,649 | 27,735 | 27,735 | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
640/8 |
4,131 | 3,370 | 3,990 | 28,478 | 3,296 | 5,345 | 2,154 | 57,022 | 760 | 700 | 950 | 973 | 3,297 | 2,612 | 4,070 | 2,090 | 2,960 | 2,888 | 3,402 | 2,513 | |
66A |
- | - | - | - | - | - | - | - | 5,000 | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
116,057 | 177,611 | 218,572 | 184,095 | 115,188 | 113,494 | 88,269 | 141,836 | -290 | 63,691 | 80,947 | 78,991 | 83,619 | 47,183 | 1,862 | 2,488 | -375 | 9,045 | 51,123 | 62,454 | |
75/76B |
5,625 | 7,616 | 3,851 | 2,385 | 878 | 1,017 | 898 | 1,287 | 1,288 | 1,116 | 1,083 | 1,345 | 1,295 | 1,159 | 1,010 | 874 | 435 | 829 | 2,276 | 1,250 | |
75 |
5,625 | 7,616 | 3,851 | 2,385 | 878 | 1,017 | 898 | 1,287 | 1,288 | 1,116 | 1,083 | 1,345 | 1,295 | 1,159 | 1,010 | 874 | 435 | 829 | 2,276 | 1,250 | |
65/66B |
2,347 | 2,323 | 2,668 | 2,999 | 2,730 | 2,679 | 3,149 | 2,832 | 1,408 | 1,346 | 891 | 651 | 3,053 | 3,207 | 3,546 | 3,947 | 5,716 | 7,016 | 7,535 | 6,279 | |
65 |
2,347 | 2,323 | 2,668 | 2,999 | 2,730 | 2,679 | 3,149 | 2,832 | 1,408 | 1,346 | 891 | 651 | 3,053 | 3,207 | 3,546 | 3,947 | 5,716 | 7,016 | 7,535 | 6,279 | |
9903 |
119,334 | 182,904 | 219,755 | 183,482 | 113,336 | 111,832 | 86,018 | 140,290 | -410 | 63,461 | 81,139 | 79,684 | 81,862 | 45,135 | -674 | -586 | -5,655 | 2,858 | 45,864 | 57,425 | |
67/77 |
35,554 | 55,686 | 67,293 | 56,531 | 32,500 | 40,066 | 20,725 | 44,066 | 1,477 | 18,589 | 33,984 | 28,214 | 28,733 | 15,139 | - | - | -45 | 236 | 13,370 | 16,869 | |
9904 |
83,780 | 127,217 | 152,461 | 126,952 | 80,836 | 71,766 | 65,293 | 96,224 | -1,886 | 44,872 | 47,155 | 51,470 | 53,128 | 29,995 | -674 | -586 | -5,611 | 2,622 | 32,495 | 40,556 | |
9905 |
83,780 | 127,217 | 152,461 | 126,952 | 80,836 | 71,766 | 65,293 | 96,224 | -1,886 | 44,872 | 47,155 | 51,470 | 53,128 | 29,995 | -674 | -586 | -5,611 | 2,622 | 32,495 | 40,556 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
83,780 | 127,217 | 152,461 | 126,952 | 80,836 | 71,766 | 65,293 | 96,224 | -1,886 | 44,872 | 47,155 | 51,470 | 53,128 | 29,995 | -674 | -586 | -5,611 | 2,622 | 32,495 | 40,556 | |
791/2 |
0 | 96,224 | 0 | 28,872 | 59,784 | - | 24,084 | 25,000 | 1,886 | - | - | - | - | 20,005 | 20,674 | 9,586 | 12,611 | - | - | - | |
691/2 |
83,780 | 127,217 | 152,461 | 126,952 | 80,836 | 71,766 | 65,293 | 96,224 | - | 28,872 | 33,655 | 31,470 | 26,128 | - | - | - | - | 982 | 30,855 | 38,916 | |
6921 |
83,780 | 127,217 | 152,461 | 126,952 | 80,836 | 71,766 | 65,293 | 96,224 | - | 28,872 | 33,655 | 31,470 | 26,128 | - | - | - | - | 982 | 30,855 | 38,916 | |
694/7 |
0 | 96,224 | 0 | 28,872 | 59,784 | - | 24,084 | 25,000 | - | 16,000 | 13,500 | 20,000 | 27,000 | 50,000 | 20,000 | 9,000 | 7,000 | 1,640 | 1,640 | 1,640 | |
694 |
0 | 96,224 | 0 | 28,872 | 59,784 | - | 24,084 | 25,000 | - | - | 13,500 | 20,000 | 27,000 | 50,000 | 20,000 | 9,000 | 7,000 | 1,640 | 1,640 | 1,640 | |
695 |
- | - | - | - | - | - | - | - | - | 16,000 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00288314 | |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00269771 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00306547 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00223629 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20224340 | |
| 31-12-2020 | abbreviated format | 16-06-2021 | 2021-20900566 | |
| 31-12-2019 | abbreviated format | 02-06-2020 | 2020-14100042 | |
| 31-12-2018 | abbreviated format | 05-06-2019 | 2019-16300198 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-24100428 | |
| 31-12-2016 | abbreviated format | 10-07-2017 | 2017-30000391 | |
| 31-12-2015 | abbreviated format | 24-05-2016 | 2016-13500556 | |
| 31-12-2014 | abbreviated format | 19-05-2015 | 2015-12600057 | |
| 31-12-2013 | abbreviated format | 26-05-2014 | 2014-14000596 | |
| 31-12-2012 | abbreviated format | 05-06-2013 | 2013-15800411 | |
| 31-12-2011 | abbreviated format | 05-06-2012 | 2012-15000270 | |
| 31-12-2010 | abbreviated format | 23-05-2011 | 2011-12200397 | |
| 31-12-2009 | abbreviated format | 17-05-2010 | 2010-12000090 | |
| 31-12-2008 | abbreviated format | 18-05-2009 | 2009-15200176 | |
| 31-12-2007 | abbreviated format | 19-05-2008 | 2008-14800131 | |
| 31-12-2006 | abbreviated format | 21-05-2007 | 2007-14900358 | |
| 31-12-2005 | abbreviated format | 23-05-2006 | 2006-16303164 | |
| 31-12-2004 | abbreviated format | 24-05-2005 | 2005-16604606 | |
| 31-12-2003 | abbreviated format | 10-06-2004 | 2004-22805000 | |
| 31-12-2002 | abbreviated format | 04-06-2003 | 2003-19503475 | |
| 31-12-2001 | abbreviated format | 17-06-2002 | 2002-23301861 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 133,434 | 193,012 | 234,284 | 198,301 | 126,386 | 124,966 | 126,312 | 169,501 | 7,708 | 71,214 | 87,163 | 88,970 | 93,375 | 65,513 | 21,912 | 12,631 | 9,391 | 18,268 | 59,915 | 77,397 | ||
| 101,157 | 142,619 | 168,174 | 141,158 | 92,034 | 83,238 | 103,336 | 123,889 | 6,111 | 52,395 | 53,372 | 61,449 | 62,884 | 48,326 | 19,376 | 9,558 | 4,156 | 11,845 | 41,286 | 55,499 | ||
| 35,963 | 3,719 | 782 | 17,102 | 20,996 | 174,000 | 145,427 | 145,220 | 3,882 | 8,024 | 24,838 | 1,209 | 2,177 | 677 | 56,978 | 1,242 | 2,235 | 2,157 | 1,703 | - | ||
| -24,270 | 16,918 | 14,797 | -46,041 | 19,955 | 32,926 | -2,773 | -11,324 | 9,859 | 578 | -1,091 | -5,515 | 11,662 | 2,384 | -6,798 | 1,502 | 9,829 | 3,749 | -13,091 | - | ||
| 536,889 | 485,326 | 456,069 | 301,887 | 219,707 | 221,279 | 150,643 | 229,385 | 164,802 | 162,893 | 134,202 | 110,692 | 76,359 | -14,512 | 9,533 | 57,632 | 69,492 | 87,157 | 90,670 | 59,788 | ||
| 91.3% | 89.3% | 87.0% | 82.5% | 78.5% | 76.1% | 61.9% | 57.1% | 80.0% | 70.4% | 69.3% | 56.5% | 41.7% | 18.0% | 27.2% | 39.4% | 40.8% | 41.1% | 40.3% | 29.0% | ||
| 16.08 | 15.15 | 12.33 | 7.89 | 6.15 | 5.96 | 5.37 | 9.54 | 21.42 | 5.71 | 6.28 | 3.72 | 2.58 | 0.83 | 1.19 | 2.87 | 3.58 | 3.80 | 5.01 | 3.18 | ||
| 0.06 | 0.08 | 0.11 | 0.16 | 0.22 | 0.26 | 0.50 | 0.62 | 0.05 | 0.23 | 0.20 | 0.44 | 0.90 | 3.67 | 2.12 | 1.16 | 1.13 | 1.17 | 1.23 | 2.10 | ||
| 9.3% | 15.6% | 19.5% | 20.2% | 15.2% | 14.1% | 24.7% | 43.0% | -1.2% | 29.1% | 37.6% | 56.1% | 88.3% | 88.0% | -1.2% | -0.8% | -6.7% | 2.7% | 33.9% | 62.3% | ||
| 8.5% | 14.0% | 17.0% | 16.6% | 11.9% | 10.7% | 15.3% | 24.6% | -1.0% | 20.5% | 26.1% | 31.7% | 36.8% | 15.9% | -0.3% | -0.3% | -2.7% | 1.1% | 13.6% | 18.1% | ||
| 56.85 | 83.07 | 87.80 | 66.13 | 46.29 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €33,312 | €46,731 | €59,940 | €72,944 | €85,745 |
| €130,000 | €130,000 | €130,000 | - | - | |
| Carrying value of the mortgaged assets | €214,865 | €222,018 | €229,172 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €35,963 | €3,719 | €782 | €17,102 | €20,996 |
| €17,377 | €15,401 | €15,712 | €14,206 | €11,198 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 35% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 7.4% to 5.6%. Equity is higher and debt is lower.
MINDSHIFT has no parent and no holdings in its annual accounts.
| Katholieke Instituten voor Sociale Promotie vzw via Salens Dirk, no longer at Katholieke Instituten voor Sociale Promotie vzw · Director · deed of 10-05-2012 founded in 1987 |
7.9 FTE (2025) |
| VLAAMS INNOVATIECENTRUM VOOR GRAFISCHE COMMUNICATIE (Flemish Innovationcenter for graphic communication) via Salens Dirk, no longer at VLAAMS INNOVATIECENTRUM VOOR GRAFISCHE COMMUNICATIE (Flemish Innovationcenter for graphic communication) · Director · deed of 23-03-2017 founded in 1997 |
5.5 FTE (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Oostmolenstraat 74 registered office 9880 Aalter 73200 Market research and public opinion polling | 02-05-2001 | 2.093.138.452 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44001B0501/00F002 | 785 m² | 1 · 123 m² | 9.5 m · 2 |
If something looks wrong or is missing, please tell us.