MINDTEKS
ActiveSummary
MINDTEKS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €17k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-11
Solvency56▼-34
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 2.85 in 2024; short-term debt: 68.8% and cash: 3.9% of total assets), and 68.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
31.2%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
29 d late
2024
15 d early
2023
30 d late
2022
46 d late
2021
25 d early
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▼ 53.9%
2024 · €155k
2019: €9klowest in 7 years
2020: €85k▲ +829% vs 2019
2021: €92k▲ +8.7% vs 2020
2022: €129k▲ +39.5% vs 2021
2023: €117k▼ -9.2% vs 2022
2024: €155k▲ +32.5% vs 2023highest in 7 years
2025: €71k▼ -53.9% vs 2024
2019 → 2025
Total assets
€229k▼ 3.6%
2024 · €237k
2019: €28klowest in 7 years
2020: €130k▲ +357% vs 2019
2021: €139k▲ +7.0% vs 2020
2022: €265k▲ +90.9% vs 2021highest in 7 years
2023: €216k▼ -18.6% vs 2022
2024: €237k▲ +9.8% vs 2023
2025: €229k▼ -3.6% vs 2024
2019 → 2025
Net result
€17k▼ 56.5%
2024 · €38k
2019: €7k
2020: €76k▲ +962% vs 2019highest in 7 years
2021: €7k▼ -90.2% vs 2020
2022: €36k▲ +390% vs 2021
2023: €-12k▼ -132% vs 2022lowest in 7 years
2024: €38k▲ +421% vs 2023
2025: €17k▼ -56.5% vs 2024
2019 → 2025
Working capital
€71k▼ 53.4%
2024 · €153k
2019: €9klowest in 7 years
2020: €82k▲ +809% vs 2019
2021: €87k▲ +5.4% vs 2020
2022: €121k▲ +39.2% vs 2021
2023: €112k▼ -7.1% vs 2022
2024: €153k▲ +35.9% vs 2023highest in 7 years
2025: €71k▼ -53.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€129k▲ 39.5%€117k▼ 9.2%€155k▲ 32.5%€71k▼ 53.9%
2021: €92k
2022: €129k▲ +39.5% vs 2021
2023: €117k▼ -9.2% vs 2022
2024: €155k▲ +32.5% vs 2023highest in 5 years
2025: €71k▼ -53.9% vs 2024lowest in 5 years
Operating result€14k-€49k▲ 249%€-11k€58k€27k▼ 52.9%
2021: €14k
2022: €49k▲ +249% vs 2021
2023: €-11k▼ -123% vs 2022lowest in 5 years
2024: €58k▲ +619% vs 2023highest in 5 years
2025: €27k▼ -52.9% vs 2024
Net result€7k-€36k▲ 390%€-12k€38k€17k▼ 56.5%
2021: €7k
2022: €36k▲ +390% vs 2021
2023: €-12k▼ -132% vs 2022lowest in 5 years
2024: €38k▲ +421% vs 2023highest in 5 years
2025: €17k▼ -56.5% vs 2024
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 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€299 ▼ 86.9%
Current assets
€228k ▼ 2.8%
Equity and liabilities €229k
Equity
€71k ▼ 53.9%
Debt
€157k ▲ 91.0%
Debt's share of the balance-sheet total rises from 34.7% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▼
2024 · €60k
Cash flow
€18k▼
2024 · €40k
Current ratio
1.45▼
2024 · 2.85
Debt to equity
2.20▲
2024 · 0.53
ROE
23.1%▼
2024 · 24.5%
ROA
7.2%▼
2024 · 16.0%
Interest coverage
19.07▼
2024 · 31.12
Debt ≤ 1 year
€157k▲
2024 · €82k
Income taxes
€9k▼
2024 · €18k
Staff costs
€382k▼
2024 · €446k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€237k€229k▼
Fixed assets21/28€2k€299▼
Tangible fixed assets22/27€2k€239▼
Furniture and vehicles24€2k€239▼
Financial fixed assets28€60€60=
Current assets29/58€235k€228k▼
Amounts receivable within one year40/41€205k€219k▲
Trade receivables40€203k€215k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€24k€9k▼
Deferred charges and accrued income490/1€5k€551▼
Equity and liabilities
Total equity and liabilities10/49€237k€229k▼
Equity10/15€155k€71k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€153k€69k▼
Amounts payable17/49€82k€157k▲
Amounts payable within one year42/48€82k€157k▲
Trade debts44€22k€20k▼
Suppliers440/4€22k€20k▼
Taxes, remuneration and social security45€60k€53k▼
Taxes450/3€18k€9k▼
Remuneration and social security454/9€42k€43k▲
Other amounts payable47/48-€85k
Income statement
Code20242025
Remuneration, social security and pensions62€446k€382k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€24€892▲
Gross operating margin9900€506k€413k▼
Operating profit (loss)9901€58k€27k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€56k€26k▼
Income taxes67/77€18k€9k▼
Profit (loss) for the period9904€38k€17k▼
Profit (loss) for the period to be appropriated9905€38k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€153k€169k▲
Profit (loss) brought forward from the previous period14P€115k€153k▲
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €74k | €176k | €441k | €446k | €382k | ▼ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €4k | €2k | €2k | ▼ 15.6% |
| Other operating charges640/8 | €348 | - | €732 | €24 | €892 | ▲ 3,560% |
| Gross operating margin9900 | €90k | €228k | €434k | €506k | €413k | ▼ 18.5% |
| Operating profit (loss)9901 | €14k | €49k | €-11k | €58k | €27k | ▼ 52.9% |
| Financial income75/76B | €11 | - | €0 | - | - | - |
| Recurring financial income75 | €11 | - | €0 | - | - | - |
| Financial charges65/66B | €774 | €154 | €175 | €2k | €2k | ▼ 20.8% |
| Recurring financial charges65 | €774 | €154 | €175 | €2k | €2k | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €13k | €49k | €-11k | €56k | €26k | ▼ 54.0% |
| Income taxes67/77 | €6k | €12k | €520 | €18k | €9k | ▼ 48.9% |
| Profit (loss) for the period9904 | €7k | €36k | €-12k | €38k | €17k | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | €7k | €36k | €-12k | €38k | €17k | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139k | €265k | €216k | €237k | €229k | ▼ 3.6% |
| Fixed assets21/28 | €5k | €8k | €5k | €2k | €299 | ▼ 86.9% |
| Tangible fixed assets22/27 | €5k | €8k | €5k | €2k | €239 | ▼ 89.2% |
| Furniture and vehicles24 | €5k | €8k | €5k | €2k | €239 | ▼ 89.2% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €134k | €257k | €211k | €235k | €228k | ▼ 2.8% |
| Amounts receivable within one year40/41 | €80k | €228k | €167k | €205k | €219k | ▲ 6.5% |
| Trade receivables40 | €65k | €221k | €157k | €203k | €215k | ▲ 5.9% |
| Other amounts receivable41 | €14k | €7k | €9k | €2k | €4k | ▲ 60.9% |
| Cash at bank and in hand54/58 | €53k | €28k | €40k | €24k | €9k | ▼ 63.2% |
| Deferred charges and accrued income490/1 | €1k | €1k | €5k | €5k | €551 | ▼ 89.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139k | €265k | €216k | €237k | €229k | ▼ 3.6% |
| Equity10/15 | €92k | €129k | €117k | €155k | €71k | ▼ 53.9% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €90k | €127k | €115k | €153k | €69k | ▼ 54.6% |
| Amounts payable17/49 | €47k | €136k | €99k | €82k | €157k | ▲ 91.0% |
| Amounts payable within one year42/48 | €47k | €136k | €99k | €82k | €157k | ▲ 91.0% |
| Trade debts44 | €11k | €116k | €41k | €22k | €20k | ▼ 11.8% |
| Suppliers440/4 | €11k | €116k | €41k | €22k | €20k | ▼ 11.8% |
| Taxes, remuneration and social security45 | €36k | €20k | €58k | €60k | €53k | ▼ 12.4% |
| Taxes450/3 | €21k | - | - | €18k | €9k | ▼ 48.7% |
| Remuneration and social security454/9 | €14k | €20k | €58k | €42k | €43k | ▲ 2.9% |
| Other amounts payable47/48 | €318 | €318 | - | - | €85k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €36k | €-12k | €38k | €17k | ▼ 56.5% |
| + Depreciation and write-downs630 | €2k | €2k | €4k | €2k | €2k | ▼ 15.6% |
| Operating cash flow (approximation) | €9k | €39k | €-8k | €40k | €18k | ▼ 54.1% |
| Investment in fixed assets (approximation) | - | €-5k | €-504 | €0 | €0 | - |
| Change in cash | - | €-25k | €12k | €-16k | €-15k | ▲ 4.4% |
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
11-09
State Gazette act
Resignation: Yassine Ben Abdelkader (director)Appointment: Jémaël Nourman (director)3 facts ▸
State Gazette act
Resignation: Yassine Ben Abdelkader (director)
Appointment: Jémaël Nourman (director)3 facts ▸
- General meeting, 12-01-2026
- Director resignation, Yassine Ben Abdelkader (director)
- Director appointment, Jémaël Nourman (director)
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Equity above €150kEq €155k ▲32.5%
Equity rises from €117k to €155k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-12
Financial
Equity above €100kEq €129k ▲39.5%
4 profitable years in a row build equity to €129k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2019net €76k ▲962%
Operating result €97k, net result €76k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Jémaël Nourman
CurrentDirector · since 12-01-2026
12-01-2026
Jémaël Nourman: Appointed as Director
12-01-2026
Yassine Ben Abdelkader: Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2019
Ground area
78 m²
Building footprint
78 m²
Volume, LiDAR
1,195 m³
Parcel 21806F0233/00K000, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
MINDTEKS
since 20192.294.612.303
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0233/00K000 | Brussels | 78 m² | 1 · 78 m² | 19.6 m · 6 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,730 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
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
E-mail
jemael.nourman@mindteks.comBrussel
Phone
0486793090Brussel
Scores and ratios are computed by Checked and are not a credit decision.