Mindspring Padel
Mindspring Padel has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.27M and a net result of €-157k. Equity is growing by ~1611.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 2199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €5.27M |
| Net result | €-157k |
| Better than sector | 70% |
| Active | 2 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.3% | 27.8% | |
| Net result | €-157k | €4k | |
| Equity | €5.27M | €30k | |
| Gross operating margin | €216k | €35k | |
| Total assets | €9.88M | €149k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €181k | €-7k | - |
| Net profit | €-157k | €-165k | €-1k |
| Cash flow | €174k | €-118k | - |
| Staff costs | - | - | - |
| Income taxes | - | - | - |
| Dividends | - | - | - |
| Total assets | €9.88M | €1.95M | €2k |
| Equity | €5.27M | €-163k | €1k |
| Debt | €4.62M | €2.12M | €926 |
| of which ≤ 1y | €2.62M | €17k | €926 |
| of which > 1y | €2.00M | €2.10M | - |
| Working capital | €3.11M | €1.34M | €1k |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.19 | 80.23 | 2.28 |
| Quick ratio | 1.20 | 7.48 | 2.28 |
| Working capital ratio | 31.5% | 68.7% | 56.2% |
| Solvency | 53.3% | -8.4% | 56.2% |
| Debt / equity | 0.88 | -12.96 | 0.78 |
| Long-term debt ratio | 0.38 | -12.85 | - |
| Interest coverage | 17.03 | -0.06 | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -1.6% | -8.4% | -61.9% |
| ROE | -3.0% | 100.7% | -110.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €9.88M | €1.95M | €2k |
| Fixed assets | 21/28 | €4.16M | €595k | - |
| Intangible fixed assets | 21 | €3.76M | €561k | - |
| Tangible fixed assets | 22/27 | - | €35k | - |
| Financial fixed assets | 28 | €397k | - | - |
| Current assets | 29/58 | €5.73M | €1.36M | €2k |
| Stocks & contracts in progress | 3 | €2.58M | €1.23M | - |
| Amounts receivable within one year | 40/41 | €2.44M | €57k | €1k |
| Cash & bank | 54/58 | €144k | - | €1k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9.88M | €1.95M | €2k |
| Equity | 10/15 | €5.27M | €-163k | €1k |
| Contributions / capital | 10/11 | €5.59M | €3k | €3k |
| Accumulated profits (losses) | 14 | €-323k | €-166k | €-1k |
| Amounts payable | 17/49 | €4.62M | €2.12M | €926 |
| Amounts payable after one year | 17 | €2.00M | €2.10M | - |
| Amounts payable within one year | 42/48 | €2.62M | €17k | €926 |
| Trade debts payable within one year | 44 | €2.62M | €12k | €926 |
| Income statement | ||||
| Gross operating margin | 9900 | €216k | €-6k | €-605 |
| Operating result | 9901 | €-150k | €-53k | €-1k |
| Financial income | 75 | €3k | - | - |
| Financial charges | 65 | €11k | €111k | - |
| Result before taxes | 9903 | €-157k | €-165k | €-1k |
| Net result for the period | 9904 | €-157k | €-165k | €-1k |
| Result to be appropriated | 9905 | €-157k | €-165k | €-1k |
-
Current16-07-2025 → present
-
Current03-01-2025 → present
-
Current27-08-2024 → present
-
Current27-08-2024 → present
-
Current27-08-2024 → present
| BOGAERT & BOSMANS Bedrijfsrevisoren - Réviseurs d’Entreprises BVCurrent Company auditor · represented by Peter BOGAERT | 25-02-2025 → present |
| NACE primary | Activities of other sports clubs(93129) |
| Legal form | Private limited company(610) |
| Incorporation | 17-11-2023 |
| Status | Active |
| Postal code | 3040 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24064B0104/00E002 | Flanders | 356 m² | 1 · 356 m² | 12.2 m · 3 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
11-03-2026 Capital increase of €1,500,000 to €1,500,000
- €0 → €1.500.000
- Inbreng in geld · Apport en numéraire
Technical details
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"notary": {
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"office_city": "Brussel",
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},
"act_meta": {
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"pub_date": "2026-03-11",
"filing_date": "2026-03-09",
"act_kind_objet": "Onderwerp akte:"
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"bedrijfsrevisor": null,
"subject_company": {
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"legal_form": "Besloten Vennootschap",
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"co_filed_documents": [
"uitgifte van het proces-verbaal",
"volmacht",
"verslag van het bestuursorgaan",
"de geco\u00F6rdineerde tekst van statuten"
],
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"voting_rights_per_share": 1.0
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]
}02-02-2026 Articles of association amended
Technical details
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"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}10-11-2025 Daniel Clay Smith appointed as director
- Daniel Clay Smith, Bestuurder
Technical details
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"effective_date": "2025-07-16",
"evidence_quote": "De ondergetekenden hebben de benoeming van de heer Daniel Clay Smith bevestigd, met woonplaats \u0022[...]\u0022, als bestuurder van de vennootschap, met ingang vanaf 16 juli 2025, voor onbepaalde duur."
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}29-10-2025 Capital increase of €500,075
Technical details
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"effective_date": "2025-10-15",
"evidence_quote": "Het beschikbaar eigen vermogen werd verhoogd met vijfhonderdduizend euro (\u20AC 500.000,00). Er werd in geld ingeschreven op 323 nieuwe C-aandelen, tegen de uitoefenprijs van duizend vijfhonderdvijfenveertig euro twaalf cent (\u20AC 1.545,12) elk... Op ieder aandeel werd gestort ten belope van 100%, hetzij in totaal vijfhonderdduizend vijfenzeventig euro (\u20AC 500.075,00)",
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}10-03-2025 Capital increase of €3,000,000
- 2 kapitaalbewegingen in deze akte
Technical details
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}03-01-2025 2 directors appointed
- Craig Thompson, Bestuurder
- Anton Brams, Gedelegeerd bestuurder
Technical details
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"effective_date": "2024-08-27",
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}02-09-2024 Articles of association amended
Technical details
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"signature_regime": "joint_two",
"special_mandates": [
{
"quote": "De vergadering verleent bijzondere volmacht aan Peter De Ryck, Delphine Penninck, Seppe Jansegers en iedere andere advocaat van Lydian BV, woonstkeuze gedaan hebbende te Havenlaan 86C, 1000 Brussel, evenals aan zijn bedienden, aangestelden en lasthebbers, met mogelijkheid tot indeplaatsstelling, teneinde de vervulling van de formaliteiten bij een ondernemingsloket met het oog op de inschrijving/aanpassing van de gegevens in de Kruispuntbank van Ondernemingen, en, desgevallend, bij de Administratie van de Belasting over de Toegevoegde Waarde, te verzekeren.",
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}21-11-2023 Incorporation of a new BV
Technical details
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"niss": null,
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"contribution_type": "cash",
"amount_paid_in_eur": 2500,
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}| Legal nameNL | Mindspring Padel |