Re-Mind

Active

Private limited companyfounded 20179 yrs activeBurgemeester Schinkelstraat(Kor) 40, 8500 Kortrijk, BelgiumKBO/BCE: BE 0671.536.938

Re-Mind has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €205k and a net result of €-10k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 806 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

70 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability68▲+2

Solvency37▲+1

Growth52=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity short (current ratio 0.31 against 0.41 in 2023; short-term debt: 26.9% of total assets), and 88.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 85

Relative position

BE, all sectors

reference

Sector 85

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

11.9%

Return on assets

-0.6%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-10k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 806 sector peers (2024).

NBB · sector comparison

Position among 806 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

31 d late

2022

31 d late

2021

61 d late

2020

31 d late

2019

67 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€205k▼ 4.8%

2023 · €216k

2018: €43k 2019: €123k 2020: €125k 2021: €216k 2022: €252k 2023: €216k

2018 → 2024

Total assets

€1.72M▼ 8.7%

2023 · €1.89M

2018: €1.00M 2019: €1.11M 2020: €1.35M 2021: €1.40M 2022: €1.63M 2023: €1.89M

2018 → 2024

Net result

€-10k▲ 71.6%

2023 · €-36k

2018: €36k 2019: €81k 2020: €2k 2021: €39k 2022: €36k 2023: €-36k

2018 → 2024

Working capital

€-318k▼ 18.3%

2023 · €-269k

2018: €-122k 2019: €-23k 2020: €-44k 2021: €-151k 2022: €-113k 2023: €-269k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€125k-€216k▲ 72.8%€252k▲ 16.7%€216k▼ 14.5%€205k▼ 4.8%

Operating result€33k-€70k▲ 110%€56k▼ 20.1%€45k▼ 18.4%€34k▼ 25.1%

Net result€2k-€39k▲ 2,286%€36k▼ 7.7%€-36k€-10k▲ 71.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 25% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.72M

91.6%

Fixed assets €1.58M▼ 7.1%

Current assets €145k▼ 22.9%

Equity and liabilities €1.72M

12%

88.1%

Equity €205k▼ 4.8%

Debt €1.52M▼ 9.2%

The debt ratio falls from 88.6% to 88.1%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€201k▼

2023 · €219k

Cash flow

€156k▲

2023 · €138k

Solvency

11.9%▲

2023 · 11.4%

Current ratio

0.31▼

2023 · 0.41

Quick ratio

0.31▼

2023 · 0.41

Debt / equity

7.41▼

2023 · 7.76

ROE

-5.0%▲

2023 · -16.9%

ROA

-0.6%▲

2023 · -1.9%

Interest coverage

5.95▼

2023 · 7.60

Debt

€1.52M▼

2023 · €1.67M

Debt ≤ 1 year

€463k▲

2023 · €457k

Debt > 1 year

€1.05M▼

2023 · €1.21M

Income taxes

€11k▼

2023 · €53k

Staff costs

€386k▲

2023 · €374k

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€1.89M€1.72M▼

Fixed assets21/28€1.70M€1.58M▼

Intangible fixed assets21€95k€81k▼

Tangible fixed assets22/27€1.60M€1.50M▼

Land and buildings22€1.08M€1.04M▼

Plant, machinery and equipment23€40k€54k▲

Furniture and vehicles24€68k€60k▼

Leasing and similar rights25€27k€11k▼

Other tangible fixed assets26€387k€334k▼

Financial fixed assets28€207€207=

Current assets29/58€188k€145k▼

Amounts receivable within one year40/41€170k€138k▼

Trade receivables40€119k€138k▲

Other amounts receivable41€51k€765▼

Cash at bank and in hand54/58€4k-

Deferred charges and accrued income490/1€14k€7k▼

Equity and liabilities

Total equity and liabilities10/49€1.89M€1.72M▼

Equity10/15€216k€205k▼

Contributions10/11€6k€6k=

Reserves13€209k€199k▼

Distributable reserves133€209k€199k▼

Amounts payable17/49€1.67M€1.52M▼

Amounts payable after more than one year17€1.21M€1.05M▼

Financial debts170/4€1.21M€1.05M▼

Amounts payable within one year42/48€457k€463k▲

Current portion of amounts payable after more than one year42€164k€166k▲

Financial debts43-€53k

Credit institutions430/8-€53k

Trade debts44€159k€140k▼

Suppliers440/4€159k€140k▼

Taxes, remuneration and social security45€109k€78k▼

Taxes450/3€59k€27k▼

Remuneration and social security454/9€51k€51k▲

Other amounts payable47/48€24k€26k▲

Accrued charges and deferred income492/3€10k€5k▼

Income statement Code20232024

Remuneration, social security and pensions62€374k€386k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€167k▼

Other operating charges640/8€7k€8k▲

Gross operating margin9900€600k€595k▼

Operating profit (loss)9901€45k€34k▼

Financial income75/76B€339€93▼

Recurring financial income75€339€93▼

Financial charges65/66B€29k€34k▲

Recurring financial charges65€29k€34k▲

Profit (loss) for the period before taxes9903€17k€319▼

Income taxes67/77€53k€11k▼

Profit (loss) for the period9904€-36k€-10k▲

Profit (loss) for the period to be appropriated9905€-36k€-10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€-10k▼

Profit (loss) brought forward from the previous period14P€39k-

Transfer from equity791/2-€10k

Transfer to equity691/2€3k-

To other reserves6921€3k-

Social balance

Average headcount (FTE)908710.49.9▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 31 days late

2023

31-12

Financial Weakest financial yearnet €-36k ▼201%

Net result drops to €-36k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 61 days late

2021

31-12

Financial Equity above €200kEq €216k ▲72.8%

4 profitable years in a row build equity to €216k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

06-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 67 days late

2019

31-12

Financial Highest result since 2018net €81k ▲121%

Operating result €112k, net result €81k, both a record.

31-12

Financial Equity above €100kEq €123k ▲189%

2 profitable years in a row build equity to €123k.

14-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 75 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Kortrijk · 3 establishment units since 2017

establishment All 3 establishment units on the map

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.

Burgemeester Schinkelstraat(Kor) 408500 Kortrijk

Ground area

1,407 m²

Building footprint

169 m²

Volume, LiDAR

1,363 m³

3 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Burgemeester Schinkelstraat(Kor) 40, 8500 Kortrijk

Other publishing activities, excluding software publishing

since 20172.262.705.637

Re-Mind

Burgemeester Schinkelstraat(Kor) 29, 8500 KortrijkOther publishing activities, excluding software publishing

since 20182.279.700.829

Re-Mind

Handelskaai(Kor) 3, 8500 KortrijkHoliday cottages, homes and apartments

since 20212.390.331.606

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34022E0360/00D020	Flanders	1,215 m²	1 · 25 m²	12.9 m · 3 fl.
34352F0350/00E009	Flanders	102 m²	1 · 54 m²	11.6 m · 3 fl.
34352F0350/00Z009	Flanders	90 m²	1 · 90 m²	10.3 m · 3 fl.