ACTIVE

Mastermind

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Financial year 2024 · closed on 31/12/2024
Net result
410,7 k €
+135.3% YoY
Gross margin
596,2 k €
+138.9% YoY
Equity
769,4 k €
+114.5% YoY

What does Mastermind do?

Mastermind is a Private limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Kortrijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0665.685.363
Incorporation
02/11/2016
Legal form
Private limited company
Registered office
Kasteelkaai(Kor) 8
8500 Kortrijk · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate41001Construction of buildings41002Construction of buildings41102Development of building projects41201Construction of residential and non-residential buildings+6
Joint committees (1)
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2024202320222021201920182017
Income statement
Gross margin596,2 k €249,6 k €21,1 k €86,4 k €61,1 k €151,7 k €25,8 k €
EBITDA583,9 k €244,8 k €18,7 k €85,4 k €50 k €150,3 k €24,5 k €
Operating result583,9 k €238,8 k €12,7 k €79,4 k €38,9 k €145,1 k €24,5 k €
Net result410,7 k €174,6 k €8 k €61,3 k €14,2 k €86,1 k €15,8 k €
Balance sheet
Equity769,4 k €358,6 k €184,1 k €176 k €134,8 k €120,5 k €34,4 k €
Total assets2,5 M €1,2 M €266,1 k €536,6 k €839,8 k €414,3 k €53 k €
Cash37,9 k €286,8 k €788,3 €31 k €31,3 k €67,4 k €15,2 k €
Debts1,5 M €835,2 k €82 k €360,6 k €613,8 k €203 k €18,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

VRE Group

Director · since 01 juillet 2024 · 0783.710.015

Represented by Vandamme KEVIN

Active

Ended mandates

Vastgoed Vandamme Kevin

Director · since 02 novembre 2016 · 0542.418.654

Represented by Kevin VANDAMME

Ended
I.I.V.

Director · 0841.992.761

Represented by Pascale Debrabandere

Ended
I.I.V.

Manager · 0841.992.761

Represented by Ignace Vandoorne

Ended
Vastgoed Vandamme Kevin

Manager · 0542.418.654

Represented by Kevin Vandamme

Ended
At this address

Other companies at this address

CompanyCBE no.
NONO INVEST● Active
0746.557.233
VRE Group● Active
0783.710.015
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202531/07/202417/07/202325/08/202209/08/202124/11/2020
General meeting27/06/202528/06/202423/06/202324/06/202225/06/202108/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202427/06/202501/07/2025DutchPDF
Abridged model31/12/202328/06/202431/07/2024DutchPDF
Abridged model31/12/202223/06/202317/07/2023DutchPDF
Abridged model31/12/202124/06/202225/08/2022DutchPDF
Abridged model31/12/202025/06/202109/08/2021DutchPDF
Abridged model31/12/201908/09/202024/11/2020DutchPDF
Abridged model31/12/201828/06/201930/08/2019DutchPDF
Micro model31/12/201722/06/201826/06/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 1 active · 6 ended

Active mandates

VRE Group

Director · since 01 juillet 2024 · 0783.710.015

Represented by Vandamme KEVIN

Active

Ended mandates

Vastgoed Vandamme Kevin

Director · since 02 novembre 2016 · 0542.418.654

Represented by Kevin VANDAMME

Ended
I.I.V.

Director · 0841.992.761

Represented by Pascale Debrabandere

Ended
I.I.V.

Manager · 0841.992.761

Represented by Ignace Vandoorne

Ended
Vastgoed Vandamme Kevin

Manager · 0542.418.654

Represented by Kevin Vandamme

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/06/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office31/03/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/06/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office27/05/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/12/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates05/08/2020
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2024
    Annual accounts 2024410,7 k €↑
  2. 2023
    Annual accounts 2023174,6 k €↑
  3. 2022
    Annual accounts 20228 k €↓
  4. 2021
    Annual accounts 202161,3 k €↑
  5. 2019
    Annual accounts 201914,2 k €↓
  6. 2018
    Annual accounts 201886,1 k €↑
  7. 2017
    Annual accounts 201715,8 k €
  8. 02/11/2016
    IncorporationPrivate limited company