POSITIVE MIND
ActiveSummary
POSITIVE MIND has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358,229 and a net result of €59,125. Equity is growing by ~66.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-9
Solvency88▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.63 against 3.71 in 2024; short-term debt: 18.6% and cash: 1.3% of total assets), and 36.9% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.1%
Return on assets
10.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
33 d early
2022
21 d early
2021
33 d early
2020
10 d early
2019
28 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 23 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€358,229▲ 5.6%
2024 · €339,104
Total assets
€567,539▼ 5.8%
2024 · €602,361
Net result
€59,125▼ 44.0%
2024 · €105,516
Working capital
€382,321▲ 2.6%
2024 · €372,519
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€7,785▲ 878%€247,190▲ 3,075%€252,071▲ 2.0%€117,731▼ 53.3%€59,815▼ 49.2%
Net result€2,291within the sector's middle half▲ 567%€180,984above the sector's middle half▲ 7,801%€187,651above the sector's middle half▲ 3.7%€105,516above the sector's middle half▼ 43.8%€59,125above the sector's middle half▼ 44.0%
Equity€29,954within the sector's middle half▲ 8.3%€160,937above the sector's middle half▲ 437%€298,588above the sector's middle half▲ 85.5%€339,104above the sector's middle half▲ 13.6%€358,229above the sector's middle half▲ 5.6%
Total assets€199,173within the sector's middle half▼ 35.6%€438,325above the sector's middle half▲ 120%€590,689above the sector's middle half▲ 34.8%€602,361above the sector's middle half▲ 2.0%€567,539above the sector's middle half▼ 5.8%
Debt€169,219▼ 40.0%€277,388▲ 63.9%€292,101▲ 5.3%€263,256▼ 9.9%€209,310▼ 20.5%
Working capital€69,050within the sector's middle half▼ 13.9%€178,476above the sector's middle half▲ 158%€298,023above the sector's middle half▲ 67.0%€372,519above the sector's middle half▲ 25.0%€382,321above the sector's middle half▲ 2.6%
Solvency15.0%below the sector's middle half▲ 6.1pp36.7%within the sector's middle half▲ 21.7pp50.5%within the sector's middle half▲ 13.8pp56.3%within the sector's middle half▲ 5.7pp63.1%within the sector's middle half▲ 6.8pp
Current ratio2.60within the sector's middle half▲ 1.082.10within the sector's middle half▼ 0.502.59within the sector's middle half▲ 0.493.71within the sector's middle half▲ 1.124.63above the sector's middle half▲ 0.92
Return on assets (ROA)1.2%below the sector's middle half▲ 1.0pp41.3%above the sector's middle half▲ 40.1pp31.8%above the sector's middle half▼ 9.5pp17.5%within the sector's middle half▼ 14.3pp10.4%within the sector's middle half▼ 7.1pp
Staff (FTE)0.40.9▲ 125%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 has fallen two years in a row; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567,539
Fixed assets
€79,774 ▼ 13.7%
Current assets
€487,766 ▼ 4.4%
Equity and liabilities €567,539
Equity
€358,229 ▲ 5.6%
Debt
€209,310 ▼ 20.5%
Debt's share of the balance-sheet total falls from 43.7% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,188▼
2024 · €130,895
Cash flow
€72,498▼
2024 · €118,681
Quick ratio
4.59▲
2024 · 3.69
Debt to equity
0.58▼
2024 · 0.78
ROE
16.5%▼
2024 · 31.1%
Interest coverage
15.94▼
2024 · 35.65
Debt ≤ 1 year
€105,444▼
2024 · €137,445
Debt > 1 year
€103,866▼
2024 · €125,812
Income taxes
€9,229▼
2024 · €17,275
Staff costs
-€922▲
2024 · -€4,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 6,781 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 | - | €26,521 | €68,067 | -€4,467 | -€922 | ▲ 79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,320 | €11,027 | €13,085 | €13,164 | €13,373 | ▲ 1.6% |
| Other operating charges640/8 | - | €14,894 | €2,095 | €384 | - | - |
| Gross operating margin9900 | €17,569 | €299,632 | €335,318 | €126,812 | €72,266 | ▼ 43.0% |
| Operating profit (loss)9901 | €7,785 | €247,190 | €252,071 | €117,731 | €59,815 | ▼ 49.2% |
| Financial income75/76B | - | €4,141 | €7,978 | €8,731 | €13,131 | ▲ 50.4% |
| Recurring financial income75 | €2,381 | €4,141 | €7,978 | €8,731 | €13,131 | ▲ 50.4% |
| Financial charges65/66B | - | €4,771 | €4,850 | €3,671 | €4,592 | ▲ 25.1% |
| Recurring financial charges65 | €6,665 | €4,771 | €4,850 | €3,671 | €4,592 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €3,501 | €246,559 | €255,199 | €122,791 | €68,354 | ▼ 44.3% |
| Income taxes67/77 | €1,210 | €65,576 | €67,548 | €17,275 | €9,229 | ▼ 46.6% |
| Profit (loss) for the period9904 | €2,291 | €180,984 | €187,651 | €105,516 | €59,125 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €2,291 | €180,984 | €187,651 | €105,516 | €59,125 | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,173 | €438,325 | €590,689 | €602,361 | €567,539 | ▼ 5.8% |
| Fixed assets21/28 | €86,965 | €98,105 | €105,561 | €92,397 | €79,774 | ▼ 13.7% |
| Tangible fixed assets22/27 | €86,965 | €98,105 | €95,561 | €82,397 | €69,024 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | €93,862 | €85,832 | €75,492 | €62,438 | ▼ 17.3% |
| Furniture and vehicles24 | - | €4,243 | €7,851 | €5,027 | €4,708 | ▼ 6.3% |
| Other tangible fixed assets26 | - | - | €1,878 | €1,878 | €1,878 | = |
| Financial fixed assets28 | - | - | €10,000 | €10,000 | €10,750 | ▲ 7.5% |
| Current assets29/58 | €112,208 | €340,220 | €485,128 | €509,964 | €487,766 | ▼ 4.4% |
| Amounts receivable after more than one year29 | - | - | - | €72,116 | €46,530 | ▼ 35.5% |
| Other amounts receivable291 | - | - | - | €72,116 | €46,530 | ▼ 35.5% |
| Stocks and contracts in progress3 | - | - | €3,434 | €3,434 | €3,434 | = |
| Stocks30/36 | - | - | €3,434 | €3,434 | €3,434 | = |
| Amounts receivable within one year40/41 | €71,222 | €118,641 | €138,186 | €196,602 | €217,053 | ▲ 10.4% |
| Trade receivables40 | - | €12,100 | €1,780 | €14,304 | €17,780 | ▲ 24.3% |
| Other amounts receivable41 | - | €106,541 | €136,405 | €182,298 | €199,273 | ▲ 9.3% |
| Current investments50/53 | - | - | - | €200,000 | €201,442 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €32,305 | €211,151 | €330,139 | €26,307 | €7,473 | ▼ 71.6% |
| Deferred charges and accrued income490/1 | - | €10,428 | €13,368 | €11,504 | €11,834 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,173 | €438,325 | €590,689 | €602,361 | €567,539 | ▼ 5.8% |
| Equity10/15 | €29,954 | €160,937 | €298,588 | €339,104 | €358,229 | ▲ 5.6% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €13,730 | €144,230 | €281,830 | €322,330 | €341,280 | ▲ 5.9% |
| Non-distributable reserves130/1 | - | €1,730 | €1,730 | - | - | - |
| Reserves not available under the articles1311 | - | €1,730 | €1,730 | - | - | - |
| Distributable reserves133 | - | €142,500 | €280,100 | €322,330 | €341,280 | ▲ 5.9% |
| Profit (loss) carried forward14 | €1,224 | €1,707 | €1,758 | €1,774 | €1,949 | ▲ 9.9% |
| Amounts payable17/49 | €169,219 | €277,388 | €292,101 | €263,256 | €209,310 | ▼ 20.5% |
| Amounts payable after more than one year17 | €126,061 | €115,644 | €104,996 | €125,812 | €103,866 | ▼ 17.4% |
| Financial debts170/4 | - | €115,644 | €104,996 | €125,812 | €103,866 | ▼ 17.4% |
| Amounts payable within one year42/48 | €43,159 | €161,744 | €187,104 | €137,445 | €105,444 | ▼ 23.3% |
| Current portion of amounts payable after more than one year42 | - | €10,417 | €11,836 | €30,380 | €21,860 | ▼ 28.0% |
| Financial debts43 | - | - | €27,350 | €3,113 | €4,570 | ▲ 46.8% |
| Credit institutions430/8 | - | - | €27,350 | €3,113 | €4,570 | ▲ 46.8% |
| Trade debts44 | €16,968 | €5,405 | €6,863 | €5,479 | €10,708 | ▲ 95.5% |
| Suppliers440/4 | - | €5,405 | €6,863 | €5,479 | €10,708 | ▲ 95.5% |
| Taxes, remuneration and social security45 | - | €95,922 | €91,056 | €33,473 | €28,306 | ▼ 15.4% |
| Taxes450/3 | - | €91,870 | €81,297 | €32,692 | €28,306 | ▼ 13.4% |
| Remuneration and social security454/9 | - | €4,053 | €9,759 | €781 | - | - |
| Other amounts payable47/48 | - | €50,000 | €50,000 | €65,000 | €40,000 | ▼ 38.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,291 | €180,984 | €187,651 | €105,516 | €59,125 | ▼ 44.0% |
| + Depreciation and write-downs630 | €9,320 | €11,027 | €13,085 | €13,164 | €13,373 | ▲ 1.6% |
| Operating cash flow (approximation) | €11,611 | €192,010 | €200,736 | €118,681 | €72,498 | ▼ 38.9% |
| Investment in fixed assets (approximation) | - | -€22,167 | -€20,541 | €0 | -€750 | - |
| Change in cash | - | €178,846 | €118,988 | -€303,832 | -€18,835 | ▲ 93.8% |
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
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €187,651 ▲3.7%
Operating result €252,071, net result €187,651, both a record.
30-06
Financial
Equity above €200,000Eq €298,588 ▲85.5%
5 profitable years in a row build equity to €298,588.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150,000Eq €160,937 ▲437%
4 profitable years in a row build equity to €160,937.
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €343 ▼98.4%
Net result drops to €343, the lowest in the series; recovery starts the following year.
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2017
Ground area
2,367 m²
Building footprint
1,724 m²
Volume, LiDAR
47,139 m³
2 parcels, Brussels, Flanders · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
284
companies at this address
See who is registered here
2 establishment units
POSITIVE MIND
since 20172.262.217.073
POSITIVE MIND
since 20202.330.621.572
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
| 22003B0050/00P002 | Flanders | 793 m² | 1 · 144 m² | 9.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500XFL91TIURIMT02
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,296. 814 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
Founded16-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
71112Activities of interior architects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669615348
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.