MINDSETTING
ActiveSummary
MINDSETTING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,047 and a net result of €88,411. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency59▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.97 in 2024; short-term debt: 64.6% and cash: 51.4% of total assets), and 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
33.8%
Return on assets
20.6%
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
on the day
2022
1 d early
2021
on the day
2020
3 d early
2019
on the day
← 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 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 31 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 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€145,047▼ 37.4%
2024 · €231,636
Total assets
€429,009▼ 3.9%
2024 · €446,341
Net result
€88,411▼ 27.9%
2024 · €122,539
Working capital
€123,685▼ 36.7%
2024 · €195,491
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€195,243▲ 31.3%€150,398▼ 23.0%€140,739▼ 6.4%€169,972▲ 20.8%€158,746▼ 6.6%
Net result€143,786above the sector's middle half▲ 44.4%€109,147within the sector's middle half▼ 24.1%€99,060within the sector's middle half▼ 9.2%€122,539within the sector's middle half▲ 23.7%€88,411within the sector's middle half▼ 27.9%
Equity€205,889within the sector's middle half▲ 232%€105,037below the sector's middle half▼ 49.0%€109,097below the sector's middle half▲ 3.9%€231,636within the sector's middle half▲ 112%€145,047within the sector's middle half▼ 37.4%
Total assets€409,098within the sector's middle half▲ 16.5%€424,659within the sector's middle half▲ 3.8%€400,842within the sector's middle half▼ 5.6%€446,341within the sector's middle half▲ 11.4%€429,009within the sector's middle half▼ 3.9%
Debt€203,209▼ 29.7%€319,622▲ 57.3%€291,745▼ 8.7%€214,705▼ 26.4%€283,962▲ 32.3%
Working capital€103,533within the sector's middle half€11,706within the sector's middle half▼ 88.7%€50,868within the sector's middle half▲ 335%€195,491within the sector's middle half▲ 284%€123,685within the sector's middle half▼ 36.7%
Solvency50.3%within the sector's middle half▲ 32.6pp24.7%below the sector's middle half▼ 25.6pp27.2%within the sector's middle half▲ 2.5pp51.9%within the sector's middle half▲ 24.7pp33.8%within the sector's middle half▼ 18.1pp
Current ratio1.51within the sector's middle half▲ 0.701.04within the sector's middle half▼ 0.471.19within the sector's middle half▲ 0.151.97within the sector's middle half▲ 0.781.45within the sector's middle half▼ 0.53
Return on assets (ROA)35.1%above the sector's middle half▲ 6.8pp25.7%above the sector's middle half▼ 9.4pp24.7%above the sector's middle half▼ 1.0pp27.5%above the sector's middle half▲ 2.7pp20.6%above the sector's middle half▼ 6.8pp
Staff (FTE)2.6within the sector's middle half▲ 160%3within the sector's middle half▲ 15.4%1.6within the sector's middle half▼ 46.7%3.8above the sector's middle half▲ 138%4.8above the sector's middle half▲ 26.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,009
Fixed assets
€28,231 ▼ 43.3%
Current assets
€400,778 ▲ 1.1%
Equity and liabilities €429,009
Equity
€145,047 ▼ 37.4%
Debt
€283,962 ▲ 32.3%
Debt's share of the balance-sheet total rises from 48.1% to 66.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€185,339▼
2024 · €202,250
Cash flow
€115,004▼
2024 · €154,817
Debt to equity
1.96▲
2024 · 0.93
ROE
61.0%▲
2024 · 52.9%
Interest coverage
19.19▼
2024 · 277.87
Debt ≤ 1 year
€277,092▲
2024 · €201,038
Debt > 1 year
€6,870▼
2024 · €13,667
Income taxes
€62,228▲
2024 · €46,777
Staff costs
€273,722▲
2024 · €193,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | - | €142,766 | €150,658 | €193,394 | €273,722 | ▲ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,306 | €37,170 | €44,302 | €32,278 | €26,593 | ▼ 17.6% |
| Other operating charges640/8 | - | €3,830 | €3,313 | €3,118 | €2,892 | ▼ 7.2% |
| Non-recurring operating charges66A | - | - | - | - | €74,782 | - |
| Gross operating margin9900 | €339,566 | €334,164 | €339,012 | €398,762 | €536,735 | ▲ 34.6% |
| Operating profit (loss)9901 | €195,243 | €150,398 | €140,739 | €169,972 | €158,746 | ▼ 6.6% |
| Financial income75/76B | - | €1 | - | €72 | €1,554 | ▲ 2,059% |
| Recurring financial income75 | €6 | €1 | - | €72 | €1,554 | ▲ 2,059% |
| Financial charges65/66B | - | €1,008 | €1,187 | €728 | €9,660 | ▲ 1,227% |
| Recurring financial charges65 | €642 | €1,008 | €1,187 | €728 | €9,660 | ▲ 1,227% |
| Profit (loss) for the period before taxes9903 | €194,606 | €149,391 | €139,552 | €169,316 | €150,639 | ▼ 11.0% |
| Income taxes67/77 | €50,820 | €40,244 | €40,492 | €46,777 | €62,228 | ▲ 33.0% |
| Profit (loss) for the period9904 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| Profit (loss) for the period to be appropriated9905 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €409,098 | €424,659 | €400,842 | €446,341 | €429,009 | ▼ 3.9% |
| Fixed assets21/28 | €102,356 | €120,377 | €78,621 | €49,812 | €28,231 | ▼ 43.3% |
| Intangible fixed assets21 | €32,363 | €15,197 | €3,935 | - | - | - |
| Tangible fixed assets22/27 | €69,993 | €105,179 | €74,686 | €49,812 | €28,231 | ▼ 43.3% |
| Land and buildings22 | - | €38,140 | €25,588 | €13,037 | €3,358 | ▼ 74.2% |
| Furniture and vehicles24 | - | €67,039 | €49,098 | €36,775 | €24,873 | ▼ 32.4% |
| Current assets29/58 | €306,742 | €304,282 | €322,221 | €396,529 | €400,778 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €125,400 | €86,882 | €179,207 | €211,230 | €161,452 | ▼ 23.6% |
| Trade receivables40 | - | €86,493 | €176,367 | €210,783 | €158,121 | ▼ 25.0% |
| Other amounts receivable41 | - | €389 | €2,841 | €447 | €3,330 | ▲ 645% |
| Cash at bank and in hand54/58 | €179,995 | €216,211 | €143,014 | €182,338 | €220,492 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | €1,190 | - | €2,961 | €18,834 | ▲ 536% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €409,098 | €424,659 | €400,842 | €446,341 | €429,009 | ▼ 3.9% |
| Equity10/15 | €205,889 | €105,037 | €109,097 | €231,636 | €145,047 | ▼ 37.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,356 | €2,356 | €2,356 | €2,356 | €2,356 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €496 | €496 | €496 | €496 | = |
| Profit (loss) carried forward14 | €191,134 | €90,281 | €94,341 | €216,880 | €130,291 | ▼ 39.9% |
| Amounts payable17/49 | €203,209 | €319,622 | €291,745 | €214,705 | €283,962 | ▲ 32.3% |
| Amounts payable after more than one year17 | - | €27,046 | €20,392 | €13,667 | €6,870 | ▼ 49.7% |
| Financial debts170/4 | - | €27,046 | €20,392 | €13,667 | €6,870 | ▼ 49.7% |
| Amounts payable within one year42/48 | €203,209 | €292,576 | €271,353 | €201,038 | €277,092 | ▲ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €6,584 | €6,654 | €6,725 | €6,797 | ▲ 1.1% |
| Financial debts43 | - | €11,542 | €11,478 | €10,753 | €14,064 | ▲ 30.8% |
| Credit institutions430/8 | - | €11,542 | €11,478 | €10,753 | €14,064 | ▲ 30.8% |
| Trade debts44 | €34,470 | €55,053 | €42,853 | €58,814 | €55,030 | ▼ 6.4% |
| Suppliers440/4 | - | €55,053 | €42,853 | €58,814 | €55,030 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | €5,953 | €21,923 | €29,745 | €26,200 | ▼ 11.9% |
| Taxes450/3 | - | €5,953 | €21,923 | €27,420 | €26,200 | ▼ 4.4% |
| Remuneration and social security454/9 | - | - | - | €2,325 | - | - |
| Other amounts payable47/48 | - | €213,445 | €188,445 | €95,000 | €175,000 | ▲ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,786 | €109,147 | €99,060 | €122,539 | €88,411 | ▼ 27.9% |
| + Depreciation and write-downs630 | €35,306 | €37,170 | €44,302 | €32,278 | €26,593 | ▼ 17.6% |
| Operating cash flow (approximation) | €179,092 | €146,317 | €143,362 | €154,817 | €115,004 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€55,191 | -€2,547 | -€3,469 | -€5,013 | ▼ 44.5% |
| Change in cash | - | €36,216 | -€73,197 | €39,324 | €38,154 | ▼ 3.0% |
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
13-07
State Gazette act
Algemene Vergadering - BoekjaarPower of attorney4 facts ▸
State Gazette act
Algemene Vergadering - Boekjaar
Power of attorney4 facts ▸
- General meeting, 24-06-2026
- Other statement, verlenging lopend boekjaar, 31-12-2026
- Power of attorney, Celine De Brabandere
- Power of attorney
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €88,411 ▼27.9%
Net result drops to €88,411, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Equity above €200,000Eq €231,636 ▲112%
6 profitable years in a row build equity to €231,636.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €200,000Eq €205,889 ▲232%
3 profitable years in a row build equity to €205,889.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Ieper · 2 establishment units since 2006
Ground area
6,721 m²
Building footprint
1,936 m²
Volume, LiDAR
24,550 m³
3 parcels, Flanders · tallest building 38.2 m, ±11 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
2 establishment units
MINDSETTING
since 20062.151.374.381
Philippe Saveryslaan 82, 9140 Temse
since 20152.239.855.803
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00Y012 | Flanders | 4,191 m² | 1 · 506 m² | 38.2 m · 11 fl. |
| 33303E0329/04E002 | Flanders | 2,049 m² | 1 · 1,359 m² | 9.5 m · 2 fl. |
| 46302D1387/00E002 | Flanders | 480 m² | 1 · 71 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Financial year
From 1 January to 31 December
Annual meeting
Third Friday of June at 16:00
Structure & network
Owners and holdings
1 ownerChain of control
- Teledesk Group
- TDG Mindset
- MINDSETTING
Highest known parent: Teledesk Group. The sources do not say who stands above it.
Owners 1
- TDG Mindsetparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 4 entries · 5,140 EUR awarded · 5,140 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,320 EUR | 1,320 EUR |
| 2024 | 2 | 3,820 EUR | 3,820 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,879 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
Founded10-01-2006
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878473471
Registered
27-03-2026
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.