NORMAL SITUATION

MindShare

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 M €

-213.7% YoY

Revenue

161 M €

-8.8% YoY

Equity

-77,7 k €

-108.0% YoY

Workforce

72,0 ETP

+1.0% YoY

Company — Normal situation.

Strike-off: 14 août 2026

What does MindShare do?

MindShare is a Public limited company incorporated in 1985. It employs on average 72,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.832.356

Incorporation

17/09/1985

Legal form

Public limited company

Contributed capital

61 973,36 €

Latest accounts

31/12/2025

Average workforce

72,0 ETP

Joint committees (2)

Signals

Positive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	161 M €	-8.8%	176,6 M €	+19.7%	147,6 M €	+12.0%	131,8 M €	-11.6%	149,1 M €	+22.7%	121,5 M €	+11.0%	109,5 M €	+11.2%	98,4 M €	-3.8%	102,2 M €	+17.9%	86,7 M €	+3.6%	83,7 M €	-10.1%	93,1 M €	+8.9%	85,5 M €	-12.1%	97,2 M €	-11.1%	109,4 M €	+8.5%	100,8 M €	+12.3%	89,8 M €	+9.0%	82,4 M €	-2.1%	84,2 M €	-8.4%	91,9 M €
EBITDA	-573,9 k €	-177%	-206,9 k €	-236%	152,5 k €	-59.7%	378,1 k €	-81.3%	2 M €	+97.6%	1 M €	+9.6%	935,2 k €	+22.3%	764,9 k €	+99.6%	383,3 k €	-53.8%	829,4 k €	+55.4%	533,6 k €	-11.1%	600,3 k €	+81.8%	330,2 k €	-46.3%	614,3 k €	-49.2%	1,2 M €	+184%	-1,4 M €	-568%	306,6 k €	-90.0%	3,1 M €	+240%	-2,2 M €	-224%	1,8 M €
Operating result	-2 M €	-886%	-206,9 k €	-267%	124,3 k €	-66.1%	366,3 k €	-81.1%	1,9 M €	+103%	955,3 k €	+11.7%	854,9 k €	+27.7%	669,5 k €	+139%	279,8 k €	-61.4%	724,6 k €	+61.9%	447,7 k €	-18.5%	549,6 k €	+169%	204,1 k €	-57.0%	474,5 k €	-54.3%	1 M €	+167%	-1,6 M €	-876%	199,8 k €	-93.2%	2,9 M €	+226%	-2,3 M €	-248%	1,6 M €
Net result	-1,1 M €	-214%	925,2 k €	+124%	412,5 k €	-5.0%	434,3 k €	-74.6%	1,7 M €	+75.5%	974,8 k €	+23.6%	788,8 k €	+4.2%	757,3 k €	+140%	315,1 k €	-54.7%	695,1 k €	+80.2%	385,7 k €	-38.1%	622,7 k €	+21.6%	511,9 k €	+84.5%	277,4 k €	-72.1%	993,6 k €	+158%	-1,7 M €	-162%	2,8 M €	-4.7%	2,9 M €	+234%	-2,2 M €	-264%	1,3 M €
Balance sheet
Equity	-77,7 k €	-108%	974,2 k €	-61.8%	2,5 M €	-29.9%	3,6 M €	+13.6%	3,2 M €	-28.7%	4,5 M €	+27.7%	3,5 M €	+28.9%	2,7 M €	+38.4%	2 M €	-52.6%	4,2 M €	+20.1%	3,5 M €	-31.8%	5,1 M €	+14.0%	4,5 M €	+13.0%	3,9 M €	+7.6%	3,7 M €	-45.1%	6,7 M €	-20.4%	8,4 M €	+49.1%	5,6 M €	+106%	2,7 M €	-44.3%	4,9 M €
Total assets	69,1 M €	-8.3%	75,4 M €	-8.4%	82,3 M €	+26.2%	65,2 M €	-27.0%	89,3 M €	+18.5%	75,4 M €	+16.8%	64,5 M €	+71.4%	37,6 M €	-19.2%	46,6 M €	+67.5%	27,8 M €	-3.5%	28,8 M €	-22.2%	37 M €	+9.9%	33,7 M €	-9.4%	37,2 M €	-35.7%	57,8 M €	+37.6%	42 M €	-25.4%	56,3 M €	+12.9%	49,9 M €	-6.7%	53,5 M €	-12.9%	61,4 M €
Cash	35,4 k €	-75.1%	142,1 k €		–		1,2 M €	+211%	396,3 k €	-33.5%	596 k €	+12.5%	529,9 k €	+12008%	4,4 k €	-98.8%	379,2 k €	-47.8%	726,2 k €	+360%	157,9 k €	-64.1%	439,4 k €	+9.0%	403,1 k €	+164%	152,8 k €	-73.5%	576,3 k €	+1315%	40,7 k €	-50.3%	82 k €	-99.3%	11,5 M €	-32.5%	17 M €	-17.6%	20,7 M €
Debts	67,7 M €	-8.8%	74,3 M €	-6.5%	79,4 M €	+29.0%	61,5 M €	-28.5%	86,1 M €	+21.5%	70,8 M €	+16.1%	61 M €	+74.8%	34,9 M €	-21.8%	44,6 M €	+88.5%	23,7 M €	-6.6%	25,3 M €	-20.2%	31,8 M €	+8.8%	29,2 M €	-12.1%	33,2 M €	-38.7%	54,1 M €	+55.3%	34,9 M €	-27.0%	47,7 M €	+7.8%	44,3 M €	-9.3%	48,8 M €	-13.6%	56,5 M €
Other
Workforce	72,0 ETP	+1.0%	71,3 ETP	+8.9%	65,5 ETP	-2.7%	67,3 ETP	+8.0%	62,3 ETP	+9.9%	56,7 ETP	+10.5%	51,3 ETP	+7.5%	47,7 ETP	+6.2%	44,9 ETP	+12.8%	39,8 ETP	-1.2%	40,3 ETP	-2.9%	41,5 ETP	-0.5%	41,7 ETP	+4.0%	40,1 ETP	-5.2%	42,3 ETP	+1.7%	41,6 ETP	+20.6%	34,5 ETP	+3.0%	33,5 ETP	-0.9%	33,8 ETP	+0.9%	33,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 34 ended

Active mandates

Els Thielemans

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Matthijs Brouwer

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Suzanne Stroobants

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Thierry Brynaert

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Gino Baeck

Managing director · since 29 juin 2018 · until 28 novembre 2025

Active

Thierry Lenders

Director · since 29 juin 2018 · until 28 mai 2030

Active

Ended mandates

Suzanne Stroobants

Director · since 22 décembre 2023 · until 29 mai 2029

Ended

Gino Baeck

Managing director · since 29 juin 2018 · until 28 mai 2024

Ended

Gino Baeck

Managing director · since 29 juin 2018 · until 28 juin 2024

Ended

Sergio Ferri

Director · since 29 juin 2018 · until 22 décembre 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2026	22/12/2025	04/07/2024	30/11/2023	28/09/2022	27/09/2021
General meeting	22/06/2026	19/12/2025	28/06/2024	30/11/2023	27/09/2022	20/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	22/06/2026	13/07/2026	French	PDF
Full model	31/12/2024	19/12/2025	22/12/2025	French	PDF
Full model	31/12/2023	28/06/2024	04/07/2024	French	PDF
Full model	31/12/2022	30/11/2023	30/11/2023	French	PDF
Full model	31/12/2021	27/09/2022	28/09/2022	French	PDF
Full model	31/12/2020	20/09/2021	27/09/2021	French	PDF
Full model	31/12/2019	31/07/2020	18/08/2020	French	PDF
Full model	31/12/2018	18/07/2019	26/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	25/07/2018	French	PDF
Full model	31/12/2016	28/07/2017	31/07/2017	French	PDF
Full model	31/12/2015	22/08/2016	23/08/2016	French	PDF
Full model	31/12/2014	09/10/2015	26/10/2015	French	PDF
Full model	31/12/2013	29/10/2014	30/10/2014	French	PDF
Full model	31/12/2012	29/10/2014	30/10/2014	French	PDF
Full model	31/12/2011	10/09/2013	13/09/2013	French	PDF
Full model	31/12/2010	16/02/2012	29/02/2012	French	PDF
Full model	31/12/2009	23/12/2010	30/12/2010	French	PDF
Full model	31/12/2008	24/07/2009	30/07/2009	French	PDF
Full model	31/12/2007	23/10/2008	06/11/2008	French	PDF
Full model	31/12/2006	26/10/2007	28/11/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 34 ended

Active mandates

Els Thielemans

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Matthijs Brouwer

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Suzanne Stroobants

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Thierry Brynaert

Director · since 30 septembre 2025 · until 28 mai 2030

Active

Gino Baeck

Managing director · since 29 juin 2018 · until 28 novembre 2025

Active

Thierry Lenders

Director · since 29 juin 2018 · until 28 mai 2030

Active

Ended mandates

Suzanne Stroobants

Director · since 22 décembre 2023 · until 29 mai 2029

Ended

Gino Baeck

Managing director · since 29 juin 2018 · until 28 mai 2024

Ended

Gino Baeck

Managing director · since 29 juin 2018 · until 28 juin 2024

Ended

Sergio Ferri

Director · since 29 juin 2018 · until 22 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution20/08/2026
OPÉRATION ASSIMILÉE À UNE FUSION PAR ABSORPTION - DISSOLUTION
PDF
Restructuring17/06/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates05/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office17/01/2023
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-1,1 M €↓
30/09/2025
nominationThierry Brynaert — administrateur
30/09/2025
nominationEls Thielemans — administrateur
30/09/2025
nominationMatthijs Brouwer — administrateur
2024
Annual accounts 2024925,2 k €↑
13/09/2024
nominationBrecht Lokere — commissaire
28/06/2024
reconductionGino Baeck — administrateur
28/06/2024
reconductionThierry Lenders — administrateur
2023
Annual accounts 2023412,5 k €↓
2022
Annual accounts 2022434,3 k €↓
27/09/2022
reconductionSRL Deloitte — commissaire
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020974,8 k €↑
2019
Annual accounts 2019788,8 k €↑
2018
Annual accounts 2018757,3 k €↑
2017
Annual accounts 2017315,1 k €↓
2016
Annual accounts 2016695,1 k €↑
2015
Annual accounts 2015385,7 k €↓
2014
Annual accounts 2014622,7 k €↑
2013
Annual accounts 2013511,9 k €↑
2012
Annual accounts 2012277,4 k €↓
2011
Annual accounts 2011993,6 k €↑
2010
Annual accounts 2010-1,7 M €↓
2009
Annual accounts 20092,8 M €↓
2008
Annual accounts 20082,9 M €↑
2007
Annual accounts 2007-2,2 M €↓
2006
Annual accounts 20061,3 M €
17/09/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MindShare

Overview

What does MindShare do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline