MINDZ
Bankruptcy closedMINDZ was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 01-01-2026, published in the Belgian State Gazette on 12-01-2026. The 2021 annual accounts show negative equity (€-29k) and a net result of €-81k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-81k▼ 2,381%
2020 · €-3k
2018: €5k
2019: €5k
2020: €-3k
2018 → 2021
Working capital
€-14k
2020 · €62k
2018: €81k
2019: €70k
2020: €62k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€51k-€56k▲ 10.2%€53k▼ 5.9%€-29k
Operating result€16k-€14k▼ 8.7%€2k▼ 83.8%€-78k
Net result€5k-€5k▲ 6.6%€-3k€-81k▼ 2,381%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €78k after €2k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €698k
Fixed assets
€19k▼ 45.1%
Current assets
€680k▲ 29.8%
Key figures and ratios
EBITDA
€-62k▼
2020 · €25k
Cash flow
€-65k▼
2020 · €19k
Solvency
-4.1%▼
2020 · 9.4%
Current ratio
0.98▼
2020 · 1.13
Quick ratio
0.96▼
2020 · 1.11
Debt / equity
-25.22▼
2020 · 0.82
ROA
-11.7%▼
2020 · -0.6%
Interest coverage
-18.55
Debt
€727k▲
2020 · €505k
Debt ≤ 1 year
€694k▲
2020 · €462k
Debt > 1 year
€30k▼
2020 · €43k
Staff costs
€293k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€558k€698k▲
Fixed assets21/28€34k€19k▼
Tangible fixed assets22/27€34k€19k▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24-€14k
Current assets29/58€524k€680k▲
Stocks and contracts in progress3€9k€15k▲
Stocks30/36-€15k
Amounts receivable within one year40/41€486k€632k▲
Trade receivables40-€629k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€27k€33k▲
Equity and liabilities
Total equity and liabilities10/49€558k€698k▲
Equity10/15€53k€-29k▼
Contributions10/11-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€45k€-37k▼
Amounts payable17/49€505k€727k▲
Amounts payable after more than one year17€43k€30k▼
Financial debts170/4-€30k
Amounts payable within one year42/48€462k€694k▲
Current portion of amounts payable after more than one year42-€13k
Financial debts43-€8
Credit institutions430/8-€8
Trade debts44€262k€395k▲
Suppliers440/4-€395k
Taxes, remuneration and social security45-€267k
Taxes450/3-€118k
Remuneration and social security454/9-€149k
Other amounts payable47/48-€19k
Accrued charges and deferred income492/3-€3k
Income statement
Code20202021
Remuneration, social security and pensions62-€293k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€17k▼
Other operating charges640/8-€3k
Non-recurring operating charges66A-€7k
Gross operating margin9900€340k€242k▼
Operating profit (loss)9901€2k€-78k▼
Financial income75/76B-€334
Recurring financial income75€31€334▲
Financial charges65/66B-€3k
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-1k€-81k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€-3k€-81k▼
Profit (loss) for the period to be appropriated9905€-3k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-37k
Profit (loss) brought forward from the previous period14P-€45k
Social balance
Average headcount (FTE)9087-6.0
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · MINDZ BV ALBERT VAN COTTHEMSTRAAT 171, 1600 SINT-PIETERS-LEEUW · event 01-01-2026
2023
24-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MINDZ BV ALBERT VAN COTTHEMSTRAAT 171, 1600 SINT-PIETERS-LEEUW · event 16-05-2023
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 130 days late
2021
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series.
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 130 days late
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
31-12
Financial
Highest result since 2018net €5k ▲6.6%
Net result €5k, the highest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 118 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Pieters-Leeuw · 1 establishment unit since 2007
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.
Albert Van Cotthemstraat 1711600 Sint-Pieters-LeeuwGround area
7,295 m²
Building footprint
56 m²
Volume, LiDAR
92 m³
Parcel 23077A0056/00N004, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HOMELAB 202
since 20072.158.653.242
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0056/00N004indicative | Flanders | 7,295 m² | 1 · 56 m² | 4.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
16-05-2023 → present |
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Of 619 companies in sector 31002 we hold annual accounts for 349. 236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2006
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
43320Joinery installation
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.