RED Mind
ActiveRED Mind has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €2k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
94
/ 100
Excellent▲ +42 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability27▲+27
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.67 against 3.98 in 2023), and 17.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
82.5%
Return on assets
4.5%
Age of the figures
20 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 16-07-2025, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
43 d early
2022
61 d early
2021
39 d early
2020
12 d late
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€42k▲ 5.7%
2023 · €40k
2018: €14k
2019: €13k
2020: €23k
2021: €31k
2022: €42k
2023: €40k
2018 → 2024
Total assets
€51k▼ 4.1%
2023 · €53k
2018: €21k
2019: €45k
2020: €47k
2021: €45k
2022: €60k
2023: €53k
2018 → 2024
Net result
€2k
2023 · €-2k
2018: €7k
2019: €-193
2020: €10k
2021: €8k
2022: €16k
2023: €-2k
2018 → 2024
Working capital
€41k▲ 4.5%
2023 · €40k
2018: €14k
2019: €11k
2020: €14k
2021: €29k
2022: €42k
2023: €40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€31k▲ 34.2%€42k▲ 34.6%€40k▼ 5.9%€42k▲ 5.7%
Operating result€17k-€13k▼ 24.0%€21k▲ 66.0%€-1k€4k
Net result€10k-€8k▼ 20.4%€16k▲ 107%€-2k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€486
Current assets
€50k
Equity and liabilities €51k
Equity
€42k▲ 5.7%
Debt
€9k▼ 33.2%
The debt ratio falls from 25.1% to 17.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€4k▲
2023 · €-1k
Cash flow
€2k▲
2023 · €-2k
Solvency
82.5%▲
2023 · 74.9%
Current ratio
5.67▲
2023 · 3.98
Quick ratio
5.67▲
2023 · 3.98
Debt / equity
0.21▼
2023 · 0.34
ROE
5.4%▲
2023 · -6.2%
ROA
4.5%▲
2023 · -4.7%
Interest coverage
49.30▲
2023 · -9.15
Debt
€9k▼
2023 · €13k
Debt ≤ 1 year
€9k▼
2023 · €13k
Income taxes
€2k▲
2023 · €1k
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€53k€51k▼
Fixed assets21/28-€486
Tangible fixed assets22/27-€486
Furniture and vehicles24-€486
Current assets29/58€53k€50k▼
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€42k€41k▼
Deferred charges and accrued income490/1€81€85▲
Equity and liabilities
Total equity and liabilities10/49€53k€51k▼
Equity10/15€40k€42k▲
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€4k€7k▲
Amounts payable17/49€13k€9k▼
Amounts payable within one year42/48€13k€9k▼
Trade debts44€521€781▲
Suppliers440/4€521€781▲
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€721€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€116▲
Other operating charges640/8€996€2k▲
Gross operating margin9900€-308€6k▲
Operating profit (loss)9901€-1k€4k▲
Financial income75/76B€0€24▲
Recurring financial income75€0€24▲
Financial charges65/66B€142€90▼
Recurring financial charges65€142€90▼
Profit (loss) for the period before taxes9903€-1k€4k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-2k€2k▲
Profit (loss) for the period to be appropriated9905€-2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€7k▲
Profit (loss) brought forward from the previous period14P€7k€4k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k ▼115%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16k ▲107%
Operating result €21k, net result €16k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
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.
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, Grez-Doiceau · 1 establishment unit since 2018
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.
Rue Joseph Decooman 321390 Grez-DoiceauGround area
1,445 m²
Building footprint
167 m²
Parcel 25037E0517/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RED Mind
since 20182.271.916.281
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037E0517/00C000 | Wallonia | 1,445 m² | 1 · 167 m² | - |
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 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:redmindsprl@gmail.com
Phone:0473560605