ACTIVE

MindWave Group

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Financial year 2025 · closed on 31/12/2025
Net result
171 k €
+74.8% YoY
Gross margin
128,2 k €
+22.3% YoY
Equity
246,7 k €
0.0% YoY
Workforce
1,2 ETP
0.0% YoY

What does MindWave Group do?

MindWave Group is a Private limited company incorporated in 2018. Its main activity is: Computer consultancy activities. Its registered office is in Leuven. It employs on average 1,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0690.994.544
Incorporation
27/02/2018
Legal form
Private limited company
Registered office
Sluisstraat 79 box 3.1
3000 Leuven · FlandreSee on map
Contributed capital
60 500,00 €
Latest accounts
31/12/2025
Average workforce
1,2 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Joint committees (4)
  • 100
  • 1000
  • 200
  • 2000
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin128,2 k €104,8 k €110,5 k €117,6 k €195,1 k €321 k €359 k €89,4 k €
EBITDA44 k €29,9 k €3,6 k €173,6 €37,2 k €89,2 k €137,9 k €41,1 k €
Operating result42,5 k €27,6 k €-764,2 €-3 k €28,7 k €81 k €129,9 k €36,8 k €
Net result171 k €97,8 k €88,7 k €-8,2 k €16,3 k €57,7 k €98 k €24 k €
Balance sheet
Equity246,7 k €246,7 k €246,7 k €246,7 k €254,9 k €238,6 k €180,9 k €82,9 k €
Total assets1,1 M €1,1 M €899,4 k €991,1 k €779,5 k €621,4 k €446,8 k €161,3 k €
Cash577,5 k €489,6 k €261 k €323,6 k €313,6 k €275 k €124 k €84,2 k €
Debts896,9 k €840,5 k €652,5 k €744,4 k €524,6 k €382,7 k €265,8 k €78,3 k €
Other
Workforce1,2 ETP1,2 ETP1,3 ETP2,0 ETP2,5 ETP3,3 ETP3,5 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

ALPACATECH

Director · 0682.744.495

Represented by Johan Nagels

Active

Ended mandates

Steven Nagels

Director · since 04 juillet 2019 · until 28 décembre 2021

Ended
Steven Nagels

Director · since 04 juillet 2019 · until 04 juillet 2022

Ended
Steven Nagels

Director · since 04 juillet 2019 · until 02 mai 2024

Ended
ALPACATECH

Director · since 23 février 2018 · 0682.744.495

Represented by Johan Nagels

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/04/202615/05/202508/05/202420/06/202302/06/202227/05/2021
General meeting09/04/202608/05/202502/05/202404/05/202305/05/202206/05/2021
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 model31/12/202509/04/202615/04/2026DutchPDF
Abridged model31/12/202408/05/202515/05/2025DutchPDF
Abridged model31/12/202302/05/202408/05/2024DutchPDF
Abridged model31/12/202204/05/202320/06/2023DutchPDF
Abridged model31/12/202105/05/202202/06/2022DutchPDF
Abridged model31/12/202006/05/202127/05/2021DutchPDF
Abridged model31/12/201907/05/202003/08/2020DutchPDF
Abridged model31/12/201802/05/201928/05/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 1 active · 7 ended

Active mandates

ALPACATECH

Director · 0682.744.495

Represented by Johan Nagels

Active

Ended mandates

Steven Nagels

Director · since 04 juillet 2019 · until 28 décembre 2021

Ended
Steven Nagels

Director · since 04 juillet 2019 · until 04 juillet 2022

Ended
Steven Nagels

Director · since 04 juillet 2019 · until 02 mai 2024

Ended
ALPACATECH

Director · since 23 février 2018 · 0682.744.495

Represented by Johan Nagels

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/01/2022
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - WIJZIGING RECHTSVORM
    PDF
  • Mandates11/05/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/12/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other01/03/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 2025171 k €↑
  2. 2024
    Annual accounts 202497,8 k €↑
  3. 2023
    Annual accounts 202388,7 k €↑
  4. 2022
    Annual accounts 2022-8,2 k €↓
  5. 2021
    Annual accounts 202116,3 k €↓
  6. 2020
    Annual accounts 202057,7 k €↓
  7. 2019
    Annual accounts 201998 k €↑
  8. 2018
    Annual accounts 201824 k €
  9. 27/02/2018
    IncorporationPrivate limited company