Equity
€205,051 ▲ 5.6%
Natural Mind has made a profit in every financial year since 2020.
Natural Mind
Lifetime
6 annual accounts with figures on one time axispeak €118,172 (2023)
€13,431▼ 71.2%
peak €82,596 (2023)
€11,621▲ 23.5%
peak €205,051 (2025)
€205,051▲ 5.6%
€178,479▼ 39.7%
Board1 name since 2019
-
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €46,662 to €13,431Debts from €296,021 to €178,479Cash from €57,654 to €23,416
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 49% of micro companies in food products (NACE 10)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.1% across 3,080 companies (NACE 10, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.8%▲ +0.6 percentage points vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 2.4%▲ +0.6 percentage points vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.5%▲ +0.1 percentage points vs 11-2025
01-2026: 2.4%▼ -0.1 percentage points vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.0%▼ -0.4 percentage points vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.7%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 2.5%▼ -0.2 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of food products (NACE 10)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Founded in 2019
lowers risk
Equity €205,051 (53.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro). It does better than 69% of them on solvency, 55% on liquidity, 24% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as Natural Mind has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of Natural Mind itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for Natural Mind. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.73 (0.98 in 2024), below 1. Short-term debt is 17.1% and cash 6.1% of total assets. 46.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
31 days late
2024
60 days late
2023
48 days early
2022
8 days late
2021
48 days early
2020
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 3 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 accounts filed within 55 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- SIMONART André Emmanuel Henri Chantal Hubert founderdeed of 30-12-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0740458210
Registered office moved from Ottignies-Louvain-la-Neuve to Woluwe-Saint-Pierre
New registered office: Avenue Eléonore 34, 1450 Woluwe-Saint-Pierre · Previous registered office: Chemin du Cyclotron 6-1348 Ottignies-Louvain-la-Neuve · Board meeting of 03-01-2022 · Gazette deed
Incorporation
Founder: SIMONART André Emmanuel Henri Chantal Hubert (comparant) · Founding capital of €12,500, 1,000 shares · Appointment: SIMONART André Emmanuel Henri Chantal Hubert (director) · published on 30-12-2019 · Gazette deed
First establishment
Le Moulin d'André, L. Mommaertslaan 14, Evere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Natural Mind Woluwe-Saint-Pierre | €383,530 | €13,431 | 53.5% | - |
| GALOPIN Soumagne | €420,723 | €11,807 | 57.3% | - |
| Boulangerie Lemineur Flémalle | €331,805 | €18,529 | -25.0% | - |
| Gluten Free Only Le Roeulx | €208,573 | €20,371 | 11.5% | - |
| Bakkerij Hans Tielt-Winge | €188,800 | €20,444 | 41.3% | - |
| SANTIL Bruges | €434,210 | €30,955 | -36.6% | - |
| TARTES ET QUICHES Tubize | €223,188 | €29,594 | -31.1% | - |
These companies have the same main activity as Natural Mind: artisanal bread and fresh pastry making (NACE 10712). They are comparable in size and age: total assets between €189,000 and €434,000, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 24-12-2019Normal situation
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Establishment unit
- 2.298.041.0541140 Evere, since 24-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2026
Insights on Natural Mind
Natural Mind files the micro format. That format states no turnover. The gross margin fell from €29,612 in 2020 to €13,431 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Natural Mind
- What is the company number of Natural Mind?
- The company number of Natural Mind is 0740.458.210. The VAT number is the same number with BE in front: BE 0740.458.210.
- Where is Natural Mind based?
- The registered office is at Eleonorelaan 34, 1150 Woluwe-Saint-Pierre.Company details
- What does Natural Mind do?
- According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
- What is the legal form of Natural Mind?
- Natural Mind is a private limited company (BV).
- When was Natural Mind founded?
- Natural Mind was founded on 24-12-2019.
- Is Natural Mind still active?
- Yes, Natural Mind is an active enterprise in the KBO register.
- What is the turnover of Natural Mind?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €13,431 and 6,297 comparable companies of the same size. It probably lies between €47,000 and €250,000. It is a rough estimate.Financials
- Is Natural Mind profitable?
- In financial year 2025, Natural Mind made a profit of €11,621.
- Where can I find the annual accounts of Natural Mind?
- Natural Mind filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Natural Mind due?
- Natural Mind must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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