Mndshft
ActiveMndshft has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €37k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency87▲+27
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 1.51 in 2023; short-term debt: 23% and cash: 42% of total assets), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
34 d early
2021
32 d early
2020
36 d early
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€65k▲ 131%
2023 · €28k
2018: €59k
2019: €21k
2020: €21k
2021: €30k
2022: €26k
2023: €28k
2018 → 2024
Total assets
€106k▲ 30.6%
2023 · €81k
2018: €90k
2019: €107k
2020: €103k
2021: €102k
2022: €61k
2023: €81k
2018 → 2024
Net result
€37k▲ 39.1%
2023 · €26k
2018: €17k
2019: €-20k
2020: €30k
2021: €39k
2022: €-4k
2023: €26k
2018 → 2024
Working capital
€53k▲ 152%
2023 · €21k
2018: €57k
2019: €46k
2020: €40k
2021: €31k
2022: €20k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€30k▲ 43.9%€26k▼ 14.5%€28k▲ 9.6%€65k▲ 131%
Operating result€40k-€51k▲ 27.3%€-2k€36k€49k▲ 37.2%
Net result€30k-€39k▲ 31.2%€-4k€26k€37k▲ 39.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€28k▲ 52.6%
Current assets
€78k▲ 24.1%
Equity and liabilities €106k
Equity
€65k▲ 131%
Debt
€41k▼ 23.0%
The debt ratio falls from 65.1% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €40k
Cash flow
€42k▲
2023 · €31k
Solvency
61.6%▲
2023 · 34.9%
Current ratio
3.19▲
2023 · 1.51
Quick ratio
3.19▲
2023 · 1.51
Debt / equity
0.62▼
2023 · 1.87
ROE
56.6%▼
2023 · 93.8%
ROA
34.9%▲
2023 · 32.7%
Interest coverage
21.87▼
2023 · 24.36
Debt
€41k▼
2023 · €53k
Debt ≤ 1 year
€24k▼
2023 · €41k
Debt > 1 year
€16k▲
2023 · €11k
Income taxes
€10k▲
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€81k€106k▲
Fixed assets21/28€18k€28k▲
Tangible fixed assets22/27€18k€28k▲
Plant, machinery and equipment23€10k€23k▲
Furniture and vehicles24€8k€5k▼
Current assets29/58€62k€78k▲
Amounts receivable within one year40/41€17k€25k▲
Trade receivables40€12k€19k▲
Other amounts receivable41€6k€6k▲
Current investments50/53€7k€7k▲
Cash at bank and in hand54/58€38k€44k▲
Deferred charges and accrued income490/1€726€726=
Equity and liabilities
Total equity and liabilities10/49€81k€106k▲
Equity10/15€28k€65k▲
Contributions10/11€19k€19k=
Reserves13€10k€46k▲
Distributable reserves133€10k€46k▲
Amounts payable17/49€53k€41k▼
Amounts payable after more than one year17€11k€16k▲
Financial debts170/4€11k€16k▲
Amounts payable within one year42/48€41k€24k▼
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€25k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€617€259▼
Gross operating margin9900€41k€55k▲
Operating profit (loss)9901€36k€49k▲
Financial income75/76B€25€81▲
Recurring financial income75€25€81▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€34k€47k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€26k€37k▲
Profit (loss) for the period to be appropriated9905€26k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€37k▲
Transfer to equity691/2€2k€37k▲
To other reserves6921€2k€37k▲
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.19
Current ratio from 1.51 to 3.19; short-term debt falls from €41k to €24k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €39k ▲31.2%
Operating result €51k, net result €39k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-20k ▼218%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Genk · 1 establishment unit since 2015
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.
Kneippstraat 1243600 GenkGround area
1,669 m²
Building footprint
200 m²
Volume, LiDAR
947 m³
Parcel 71306G0215/00G097, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mndshft
since 20152.241.383.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0215/00G097 | Flanders | 1,669 m² | 1 · 200 m² | 7.0 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 39,340 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.