ACTIVE

Mindstep

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Financial year 2025 · closed on 31/12/2025

Net result

28,7 k €

+1074.5% YoY

Gross margin

89,3 k €

+547.9% YoY

Equity

18,6 k €

+309.7% YoY

What does Mindstep do?

Mindstep is a Private limited company incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0537.980.608

Incorporation

06/09/2013

Legal form

Private limited company

Registered office

Drève des Chasseurs 39
1410 Waterloo · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 58110Book publishing 58110Book publishing 82100Office administrative and support activities 82110Combined office administrative service activities+4

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	89,3 k €	+548%	13,8 k €	+354%	-5,4 k €	-143%	12,8 k €	-50.4%	25,7 k €	+43.3%	18 k €	-16.0%	21,4 k €	+106%	10,4 k €	+202%	-10,2 k €	-594%	-1,5 k €	+60.3%	-3,7 k €
EBITDA	86,7 k €	+555%	13,2 k €	+331%	-5,7 k €	-147%	12,3 k €	-50.5%	24,9 k €	+41.3%	17,6 k €	-10.8%	19,7 k €	+106%	9,6 k €	+187%	-11 k €	-500%	-1,8 k €	+57.2%	-4,3 k €
Operating result	49,1 k €	+784%	5,6 k €	+139%	-14,3 k €	-304%	7 k €	-67.3%	21,5 k €	+397%	4,3 k €	-41.4%	7,4 k €	-0.9%	7,4 k €	+158%	-12,8 k €	-329%	-3 k €	+40.7%	-5 k €
Net result	28,7 k €	+1074%	2,4 k €	+115%	-16,8 k €	-764%	2,5 k €	-83.1%	15 k €	+7882%	187,6 €	-87.5%	1,5 k €	-58.6%	3,6 k €	+125%	-14,6 k €	-172%	-5,4 k €	+11.7%	-6,1 k €
Balance sheet
Equity	18,6 k €	+310%	-8,9 k €	+21.6%	-11,3 k €	-306%	5,5 k €	+85.4%	3 k €	+120%	-14,6 k €	+1.3%	-14,7 k €	+9.2%	-16,2 k €	+18.2%	-19,9 k €	-278%	-5,3 k €	-4630%	116 €
Total assets	115,4 k €	+89.0%	61,1 k €	-11.1%	68,7 k €	-38.8%	112,1 k €	+21.3%	92,4 k €	+132%	39,9 k €	-34.2%	60,6 k €	-27.2%	83,2 k €	+60.2%	51,9 k €	+94.2%	26,7 k €	+90.6%	14 k €
Cash	5,2 k €	-68.9%	16,9 k €	-21.7%	21,5 k €	-8.8%	23,6 k €	-57.1%	55 k €	+274%	14,7 k €	-13.3%	17 k €	+72.5%	9,8 k €	+281%	2,6 k €	-62.0%	6,8 k €	+143%	2,8 k €
Debts	68,7 k €	+20.2%	57,1 k €	-28.6%	80 k €	-15.1%	94,2 k €	+29.4%	72,8 k €	+56.6%	46,5 k €	-31.0%	67,3 k €	-32.2%	99,3 k €	+61.6%	61,5 k €	+315%	14,8 k €	+6.7%	13,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

de Vicq de Cumptich Nicolas

Director · since 04 septembre 2013

Active

Vandenbossche Sandrine

Director · since 04 septembre 2013

Active

Ended mandates

Nicolas de Cumptich de Vicq

Manager · since 06 septembre 2013

Ended

Nicolas De Vicq

Manager · since 06 septembre 2013

Ended

Nicolas de Vicq de Cumptich

Manager · since 06 septembre 2013

Ended

Sandrine Vandenbossche

Manager · since 06 septembre 2013

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	21/07/2026	24/07/2025	02/09/2024	30/08/2023	30/08/2022	30/08/2021
General meeting	01/06/2026	04/06/2025	30/06/2024	25/08/2023	24/08/2022	27/08/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	21/07/2026	French	PDF
Micro model	31/12/2024	04/06/2025	24/07/2025	French	PDF
Micro model	31/12/2023	30/06/2024	02/09/2024	French	PDF
Micro model	31/12/2022	25/08/2023	30/08/2023	French	PDF
Micro model	31/12/2021	24/08/2022	30/08/2022	French	PDF
Micro model	31/12/2020	27/08/2021	30/08/2021	French	PDF
Micro model	31/12/2019	09/10/2020	26/10/2020	French	PDF
Micro model	31/12/2018	19/02/2019	25/07/2019	French	PDF
Micro model	31/12/2017	24/08/2018	30/08/2018	French	PDF
Micro model	31/12/2016	25/08/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	13/07/2015	26/08/2015	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 active · 4 ended

Active mandates

de Vicq de Cumptich Nicolas

Director · since 04 septembre 2013

Active

Vandenbossche Sandrine

Director · since 04 septembre 2013

Active

Ended mandates

Nicolas de Cumptich de Vicq

Manager · since 06 septembre 2013

Ended

Nicolas De Vicq

Manager · since 06 septembre 2013

Ended

Nicolas de Vicq de Cumptich

Manager · since 06 septembre 2013

Ended

Sandrine Vandenbossche

Manager · since 06 septembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office08/02/2024
SIEGE SOCIAL
PDF
Mandates09/05/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office11/02/2022
SIEGE SOCIAL
PDF
Registered office18/08/2020
SIEGE SOCIAL
PDF
Other17/09/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202528,7 k €↑
2024
Annual accounts 20242,4 k €↑
2023
Annual accounts 2023-16,8 k €↓
2022
Annual accounts 20222,5 k €↓
2021
Annual accounts 202115 k €↑
2021
Name changeMINDSTEP SRL
2019
Annual accounts 2019187,6 €↓
2018
Annual accounts 20181,5 k €↓
2017
Annual accounts 20173,6 k €↑
2016
Annual accounts 2016-14,6 k €↓
2015
Annual accounts 2015-5,4 k €↑
2014
Annual accounts 2014-6,1 k €
2014
Name changeLean2life
06/09/2013
IncorporationPrivate 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

Mindstep

Overview

What does Mindstep do?

Trend over 11 financial years

Indicative valuation

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