MINDSPARK

Active

Private limited companyfounded 20215 yrs activeHemelrijkstraat 4, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0766.463.514

MINDSPARK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €87k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 4537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

73 / 100

Healthy▼ -27 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency14▼-86

Growth32▼-20

Stability94

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.04 against 5.27 in 2024), and 96.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.2%

Return on assets

55.9%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

126 d early

2024

71 d early

2023

90 d early

2022

49 d early

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€5k▼ 97.8%

2024 · €224k

2022: €96k 2023: €149k 2024: €224k

2022 → 2025

Total assets

€156k▼ 45.8%

2024 · €288k

2022: €142k 2023: €180k 2024: €288k

2022 → 2025

Net result

€87k▲ 3.3%

2024 · €84k

2022: €91k 2023: €54k 2024: €84k

2022 → 2025

Working capital

€6k▼ 97.4%

2024 · €219k

2022: €91k 2023: €144k 2024: €219k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€96k-€149k▲ 56.0%€224k▲ 49.8%€5k▼ 97.8%

Operating result€119k-€69k▼ 41.7%€107k▲ 55.1%€111k▲ 3.5%

Net result€91k-€54k▼ 40.9%€84k▲ 57.5%€87k▲ 3.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €156k

95.9%

Fixed assets €6k▼ 64.5%

Current assets €150k▼ 44.5%

Equity and liabilities €156k

96.8%

Equity €5k▼ 97.8%

Debt €151k▲ 137%

The debt ratio rises from 22.2% to 96.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€113k▲

2024 · €110k

Cash flow

€90k▲

2024 · €88k

Solvency

3.2%▼

2024 · 77.8%

Current ratio

1.04▼

2024 · 5.27

Quick ratio

1.04▼

2024 · 5.27

Debt / equity

30.21▲

2024 · 0.28

ROA

55.9%▲

2024 · 29.4%

Interest coverage

69.86▲

2024 · 61.42

Debt

€151k▲

2024 · €64k

Debt ≤ 1 year

€144k▲

2024 · €51k

Debt > 1 year

€7k▼

2024 · €10k

Income taxes

€23k▲

2024 · €23k

A ratio outside any meaningful range has been withheld (balance sheet total €156k, equity €5k).

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€288k€156k▼

Fixed assets21/28€18k€6k▼

Tangible fixed assets22/27€18k€6k▼

Plant, machinery and equipment23€735€1k▲

Furniture and vehicles24€17k€5k▼

Current assets29/58€270k€150k▼

Amounts receivable after more than one year29€25k€0▼

Other amounts receivable291€25k€0▼

Amounts receivable within one year40/41€42k€55k▲

Trade receivables40€26k€47k▲

Other amounts receivable41€16k€8k▼

Cash at bank and in hand54/58€200k€92k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€288k€156k▼

Equity10/15€224k€5k▼

Contributions10/11€5k€5k=

Reserves13€219k€0▼

Distributable reserves133€219k€0▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€64k€151k▲

Amounts payable after more than one year17€10k€7k▼

Financial debts170/4€10k€7k▼

Amounts payable within one year42/48€51k€144k▲

Current portion of amounts payable after more than one year42€3k€3k▲

Trade debts44€4k€19k▲

Suppliers440/4€4k€19k▲

Advances received on contracts in progress46€10k€0▼

Taxes, remuneration and social security45€35k€35k▲

Taxes450/3€35k€35k▲

Other amounts payable47/48€0€87k▲

Accrued charges and deferred income492/3€3k€0▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€531€2k▲

Gross operating margin9900€111k€115k▲

Operating profit (loss)9901€107k€111k▲

Financial income75/76B€2k€1k▼

Recurring financial income75€2k€1k▼

Financial charges65/66B€2k€2k▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€107k€111k▲

Income taxes67/77€23k€23k▲

Profit (loss) for the period9904€84k€87k▲

Profit (loss) for the period to be appropriated9905€84k€87k▲

Appropriation of the result

Profit (loss) to be appropriated9906€84k€87k▲

Transfer from equity791/2€10k€0▼

Transfer to equity691/2€84k€0▼

To other reserves6921€84k€0▼

Profit to be distributed694/7€10k€87k▲

Return on contributions (dividend)694€10k€87k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Gazette 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

State Gazette act Resignations & appointments

General meeting · Director appointment2 facts ▸

General meeting, 2026-08-26
Director appointment, Laura Dannenberg (bestuurder)

27-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

21-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €200kEq €224k ▲49.8%

3 profitable years in a row build equity to €224k.

02-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €54k ▼40.9%

Net result drops to €54k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €100kEq €149k ▲56%

2 profitable years in a row build equity to €149k.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

Laura Dannenberg

Director · since 01-09-2026

Current

01-09-2026 Appointed as Director

Location & real-estate footprint

Registered office, Oudenaarde · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Hemelrijkstraat 49700 Oudenaarde

Ground area

497 m²

Building footprint

107 m²

Volume, LiDAR

636 m³

Parcel 45503A0307/00H000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MINDSPARK

Hemelrijkstraat 4, 9700 OudenaardeAgents in non-specialised wholesale trade

since 20212.316.000.209

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45503A0307/00H000	Flanders	497 m²	1 · 107 m²	9.8 m · 2 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

2024 · 1 entry · 945 EUR awarded · 945 EUR paid

Year	Entries	awarded	paid
2024	1	945 EUR	945 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 945 EUR · 945 EUR paid · Fonds voor Innoveren en Ondernemen

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Of 7,001 companies in sector 96999 we hold annual accounts for 600. 264 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-04-2021

Fiscal year end31-12

Activities, NACEBEL

96999Other personal services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.