MINDPHASER
ActiveSummary
The annual accounts of MINDPHASER for fiscal year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €21,386 and a net result of -€24,463. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 39% of 163 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-69
Solvency61▼-21
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 11.94 against 46.33 in 2024; short-term debt: 7.9% and cash: 73.4% of total assets), but 63.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Programming, broadcasting, news agency and other content distribution activities (NACE 60)
about 22% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
-41.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
31 d early
2023
6 d early
2022
25 d early
2021
19 d early
2020
40 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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. Usually files around 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,386▼ 53.4%
2024 · €45,850
Total assets
€58,899▼ 26.7%
2024 · €80,377
Net result
-€24,463
2024 · €481
Working capital
€50,853▼ 32.5%
2024 · €75,316
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 60, Programming, broadcasting, news agency and other content distribution activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,305▼ 17.4%€16,632▲ 78.8%€2,624▼ 84.2%€1,186▼ 54.8%-€41,597
Net result€5,744within the sector's middle half▼ 25.5%€11,778within the sector's middle half▲ 105%€1,611within the sector's middle half▼ 86.3%€481within the sector's middle half▼ 70.1%-€24,463below the sector's middle half
Equity€48,647within the sector's middle half▲ 13.4%€43,758within the sector's middle half▼ 10.0%€45,369within the sector's middle half▲ 3.7%€45,850within the sector's middle half▲ 1.1%€21,386within the sector's middle half▼ 53.4%
Total assets€84,558within the sector's middle half▼ 1.5%€81,235within the sector's middle half▼ 3.9%€80,648within the sector's middle half▼ 0.7%€80,377within the sector's middle half▼ 0.3%€58,899within the sector's middle half▼ 26.7%
Debt€3,045▼ 69.8%€4,611▲ 51.4%€2,413▼ 47.7%€1,661▼ 31.1%€4,646▲ 180%
Working capital€76,384within the sector's middle half▲ 20.9%€72,230within the sector's middle half▼ 5.4%€74,576within the sector's middle half▲ 3.2%€75,316within the sector's middle half▲ 1.0%€50,853within the sector's middle half▼ 32.5%
Solvency57.5%within the sector's middle half▲ 7.6pp53.9%within the sector's middle half▼ 3.7pp56.3%within the sector's middle half▲ 2.4pp57.0%within the sector's middle half▲ 0.8pp36.3%within the sector's middle half▼ 20.7pp
Current ratio26.09above the sector's middle half▲ 18.8116.67above the sector's middle half▼ 9.4231.91above the sector's middle half▲ 15.2446.33above the sector's middle half▲ 14.4211.94above the sector's middle half▼ 34.39
Return on assets (ROA)6.8%within the sector's middle half▼ 2.2pp14.5%within the sector's middle half▲ 7.7pp2.0%within the sector's middle half▼ 12.5pp0.6%within the sector's middle half▼ 1.4pp-41.5%below the sector's middle half▼ 42.1pp
above
within
below
the middle half (P25 to P75) of NACE 60, Programming, broadcasting, news agency and other content distribution activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41,597 after €1,186 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,899
Fixed assets
€3,400 =
Current assets
€55,499 ▼ 27.9%
Equity and liabilities €58,899
Equity
€21,386 ▼ 53.4%
Provisions
€32,866 =
Debt
€4,646 ▲ 180%
Debt's share of the balance-sheet total rises from 2.1% to 7.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€41,597▼
2024 · €1,445
Cash flow
-€24,463▼
2024 · €740
Debt to equity
0.22▲
2024 · 0.04
ROE
-114.4%▼
2024 · 1.0%
Interest coverage
-737.53▼
2024 · 33.22
Debt ≤ 1 year
€4,646▲
2024 · €1,661
Income taxes
€1,362▲
2024 · €992
Staff costs
€320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €320 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,669 | €735 | €735 | €259 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,063 | €2,752 | €1,690 | €1,151 | €1,370 | ▲ 19.0% |
| Gross operating margin9900 | €20,037 | €20,119 | €5,049 | €2,597 | -€39,906 | ▼ 1,637% |
| Operating profit (loss)9901 | €9,305 | €16,632 | €2,624 | €1,186 | -€41,597 | ▼ 3,606% |
| Financial income75/76B | €176 | €201 | €182 | €330 | €18,551 | ▲ 5,516% |
| Recurring financial income75 | €176 | €201 | €182 | €330 | €367 | ▲ 11.0% |
| Non-recurring financial income76B | - | - | - | - | €18,185 | - |
| Financial charges65/66B | €94 | €133 | €75 | €44 | €56 | ▲ 29.6% |
| Recurring financial charges65 | €94 | €133 | €75 | €44 | €56 | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | €9,386 | €16,700 | €2,731 | €1,473 | -€23,102 | ▼ 1,668% |
| Income taxes67/77 | €3,642 | €4,922 | €1,120 | €992 | €1,362 | ▲ 37.2% |
| Profit (loss) for the period9904 | €5,744 | €11,778 | €1,611 | €481 | -€24,463 | ▼ 5,187% |
| Profit (loss) for the period to be appropriated9905 | €5,744 | €11,778 | €1,611 | €481 | -€24,463 | ▼ 5,187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,558 | €81,235 | €80,648 | €80,377 | €58,899 | ▼ 26.7% |
| Fixed assets21/28 | €5,129 | €4,394 | €3,659 | €3,400 | €3,400 | = |
| Tangible fixed assets22/27 | €4,544 | €3,809 | €3,074 | €2,815 | €2,815 | = |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €4,544 | €3,809 | €3,074 | €2,815 | €2,815 | = |
| Financial fixed assets28 | €585 | €585 | €585 | €585 | €585 | = |
| Current assets29/58 | €79,429 | €76,841 | €76,989 | €76,977 | €55,499 | ▼ 27.9% |
| Amounts receivable within one year40/41 | €18,159 | €19,620 | €11,280 | €15,019 | €11,879 | ▼ 20.9% |
| Trade receivables40 | €15,520 | €15,954 | €3,307 | €287 | €3,480 | ▲ 1,115% |
| Other amounts receivable41 | €2,639 | €3,667 | €7,974 | €14,732 | €8,399 | ▼ 43.0% |
| Current investments50/53 | €10,013 | €10,013 | €10,013 | €10,013 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €50,565 | €46,377 | €54,985 | €51,132 | €43,235 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | €692 | €830 | €710 | €814 | €384 | ▼ 52.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,558 | €81,235 | €80,648 | €80,377 | €58,899 | ▼ 26.7% |
| Equity10/15 | €48,647 | €43,758 | €45,369 | €45,850 | €21,386 | ▼ 53.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €36,247 | €31,358 | €31,358 | €31,358 | €31,358 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €34,387 | €29,498 | €31,358 | €31,358 | €31,358 | = |
| Profit (loss) carried forward14 | - | €0 | €1,611 | €2,092 | -€22,372 | ▼ 1,170% |
| Provisions and deferred taxes16 | €32,866 | €32,866 | €32,866 | €32,866 | €32,866 | = |
| Provisions for liabilities and charges160/5 | €32,866 | €32,866 | €32,866 | €32,866 | €32,866 | = |
| Pensions and similar obligations160 | €32,866 | €32,866 | €32,866 | €32,866 | €32,866 | = |
| Amounts payable17/49 | €3,045 | €4,611 | €2,413 | €1,661 | €4,646 | ▲ 180% |
| Amounts payable within one year42/48 | €3,045 | €4,611 | €2,413 | €1,661 | €4,646 | ▲ 180% |
| Trade debts44 | €122 | €3,188 | €2,413 | €1,661 | €2,350 | ▲ 41.4% |
| Suppliers440/4 | €122 | €3,188 | €2,413 | €1,661 | €2,350 | ▲ 41.4% |
| Taxes, remuneration and social security45 | €2,923 | €1,422 | €0 | - | €2,296 | - |
| Taxes450/3 | €2,923 | €1,422 | €0 | - | €2,296 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,744 | €11,778 | €1,611 | €481 | -€24,463 | ▼ 5,187% |
| + Depreciation and write-downs630 | €9,669 | €735 | €735 | €259 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €15,413 | €12,513 | €2,346 | €740 | -€24,463 | ▼ 3,406% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,187 | €8,608 | -€3,853 | -€7,897 | ▼ 105% |
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
07-08
State Gazette act
Purpose · Statutes amendmentPurpose change · Name change3 facts ▸
State Gazette act
Purpose · Statutes amendment
Purpose change · Name change3 facts ▸
- General meeting, 04-08-2026
- Purpose change
- Name change, Mr. Morrison
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€24,463
Net result drops to -€24,463, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €11,778 ▲105%
Operating result €16,632, net result €11,778, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 26.09
Current ratio from 7.27 to 26.09; short-term debt falls from €10,072 to €3,045.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Boom · 1 establishment unit since 2006
Ground area
1,349 m²
Building footprint
1,255 m²
Volume, LiDAR
22,731 m³
2 parcels, Flanders · tallest building 26.5 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MINDPHASER
since 20062.153.514.420
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24111E0648/00M000 | Flanders | 992 m² | 1 · 1,063 m² | 26.5 m · 7 fl. |
| 11005B0411/00D000 | Flanders | 357 m² | 1 · 192 m² | 19.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 332 companies in sector 60100 we hold annual accounts for 80. 50 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
Founded16-02-2006
Fiscal year end31-12
Legal name NL
Mr. Morrison
Activities, NACEBEL 2025
60100Programming, broadcasting, news agency and other content distribution activities
59114Motion picture, video and television programme production, sound recording and music publishing activities
70200Business and other management consultancy
73110Advertising agencies
Contact
Phone
09/2204519Herent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879607975
Also
9925:BE0879607975
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.