ACTIVE

MINDSETTING

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Financial year 2025 · closed on 30/06/2025

Net result

88,4 k €

-27.9% YoY

Gross margin

536,7 k €

+34.6% YoY

Equity

145,0 k €

-37.4% YoY

Workforce

4,8 ETP

+26.3% YoY

What does MINDSETTING do?

MINDSETTING is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Ieper. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.473.471

Incorporation

10/01/2006

Legal form

Private limited company

Registered office

Plumerlaan 113
8900 Ieper · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Average workforce

4,8 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	536,7 k €	+34.6%	398,8 k €	+17.6%	339,0 k €	+1.5%	334,2 k €	-1.6%	339,6 k €	+35.0%	251,6 k €	-0.1%	251,7 k €	-10.1%	280,0 k €	+3.0%	271,8 k €	-1.9%	276,9 k €	+22.8%	225,5 k €	-1.6%	229,3 k €	+49.3%	153,6 k €	+35.6%	113,2 k €	+9.6%	103,4 k €	-26.1%	139,8 k €	+8.1%	129,4 k €	+65.2%	78,3 k €	-6.9%	84,1 k €
EBITDA	185,3 k €	-8.4%	202,3 k €	+9.3%	185,0 k €	-1.3%	187,6 k €	-18.6%	230,5 k €	+23.0%	187,4 k €	-1.6%	190,5 k €	-15.3%	224,8 k €	+128%	98,7 k €	-17.5%	119,7 k €	+12.7%	106,2 k €	-25.0%	141,5 k €	+27.4%	111,1 k €	+63.2%	68,1 k €	-16.3%	81,3 k €	-41.1%	138,1 k €	+10.0%	125,6 k €	+65.8%	75,8 k €	-8.8%	83,1 k €
Operating result	158,7 k €	-6.6%	170,0 k €	+20.8%	140,7 k €	-6.4%	150,4 k €	-23.0%	195,2 k €	+31.3%	148,7 k €	-3.8%	154,6 k €	-17.9%	188,4 k €	+177%	67,9 k €	-19.6%	84,5 k €	+32.7%	63,7 k €	-28.7%	89,3 k €	+36.3%	65,5 k €	+225%	20,1 k €	-24.8%	26,8 k €	-72.0%	95,8 k €	-0.9%	96,6 k €	+61.2%	60,0 k €	-22.3%	77,2 k €
Net result	88,4 k €	-27.9%	122,5 k €	+23.7%	99,1 k €	-9.2%	109,1 k €	-24.1%	143,8 k €	+44.4%	99,6 k €	-33.0%	148,5 k €	-18.1%	181,4 k €	+257%	50,8 k €	+3.3%	49,2 k €	+4.4%	47,2 k €	-24.0%	62,0 k €	+91.2%	32,5 k €	+1027%	2,9 k €	-57.2%	6,7 k €	-87.1%	52,2 k €	-5.5%	55,2 k €	+50.1%	36,8 k €	-26.7%	50,2 k €
Balance sheet
Equity	145,0 k €	-37.4%	231,6 k €	+112%	109,1 k €	+3.9%	105,0 k €	-49.0%	205,9 k €	+232%	62,1 k €	-24.8%	82,5 k €	+8.6%	76,0 k €	+0.5%	75,6 k €	+38.0%	54,8 k €	+2.3%	53,6 k €	+27.2%	42,1 k €	+180%	15,0 k €	-75.2%	60,6 k €	+5.0%	57,7 k €	+13.2%	51,0 k €	+211%	16,4 k €	+1.5%	16,2 k €	+10.4%	14,6 k €
Total assets	429,0 k €	-3.9%	446,3 k €	+11.4%	400,8 k €	-5.6%	424,7 k €	+3.8%	409,1 k €	+16.5%	351,3 k €	-27.1%	482,0 k €	+2.7%	469,5 k €	+26.1%	372,3 k €	+4.3%	357,1 k €	-4.6%	374,5 k €	-10.2%	417,0 k €	-2.3%	426,8 k €	+25.3%	340,6 k €	-13.5%	393,5 k €	-2.3%	402,7 k €	+32.4%	304,2 k €	+135%	129,2 k €	+58.0%	81,8 k €
Cash	220,5 k €	+20.9%	182,3 k €	+27.5%	143,0 k €	-33.9%	216,2 k €	+20.1%	180,0 k €	+122%	81,1 k €	-56.1%	184,7 k €	+18.2%	156,3 k €	+342%	35,4 k €	+35.8%	26,1 k €	+146%	10,6 k €	-66.7%	31,8 k €	-34.9%	48,9 k €	+293%	12,4 k €	-36.3%	19,5 k €	-52.3%	40,9 k €	+259%	11,4 k €	-60.7%	29,0 k €	-21.8%	37,1 k €
Debts	284,0 k €	+32.3%	214,7 k €	-26.4%	291,7 k €	-8.7%	319,6 k €	+57.3%	203,2 k €	-29.7%	289,2 k €	-27.6%	399,5 k €	+1.5%	393,4 k €	+32.6%	296,7 k €	-1.9%	302,3 k €	-5.8%	320,9 k €	-14.4%	374,9 k €	-8.9%	411,7 k €	+47.1%	280,0 k €	-16.6%	335,8 k €	-4.5%	351,8 k €	+22.2%	287,8 k €	+155%	113,1 k €	+68.3%	67,2 k €
Other
Workforce	4,8 ETP	+26.3%	3,8 ETP	+137%	1,6 ETP	-46.7%	3,0 ETP	+15.4%	2,6 ETP	+160%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-80.0%	5,0 ETP	+16.3%	4,3 ETP	+53.6%	2,8 ETP	+21.7%	2,3 ETP	+130%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 16 ended

Active mandates

DAVY VERBEECK

Manager

Active

VEERLE DE GRAEVE

Associate

Active

Ended mandates

T2M BUSINESS ADVISORY

Mandate · since 18 mai 2020 · 0642.879.772

Ended

TDG Mindset

Managing director · since 18 mai 2020 · 0746.527.440

Ended

BUREAU A

Manager · 0460.849.473

Ended

BUREAU A

Mandate · until 18 mai 2020 · 0460.849.473

Ended

At this address

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CREATIVITY● Active	0473.301.008
GROEP JOV● Active	1001.812.634
Innovation Group Belgium● Active	0832.554.166
Innovation Group Control● Active	0824.575.917
TDG Mindset● Active	0746.527.440
Tele4X● Active	1031.277.274
TELEDESK CLAIMMANAGEMENT● Active	0819.258.238
Teledesk Group● Active	0899.212.566
Teledesk Vat Group● Active	0771.831.275

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	28/02/2025	31/01/2024	30/01/2023	31/01/2022	28/01/2021
General meeting	01/12/2025	02/12/2024	01/12/2023	01/12/2022	01/12/2021	02/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	01/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	02/12/2024	28/02/2025	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	01/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	01/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	02/12/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	02/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	31/01/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	14/12/2016	Dutch	PDF
Abridged model	30/06/2015	15/12/2015	14/01/2016	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	14/01/2015	Dutch	PDF
Abridged model	30/06/2013	02/12/2013	30/12/2013	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	14/02/2012	Dutch	PDF
Abridged model	30/06/2010	20/01/2011	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	31/07/2009	12/02/2010	Dutch	PDF
Abridged model	30/06/2008	18/11/2008	12/01/2009	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	05/02/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 16 ended

Active mandates

DAVY VERBEECK

Manager

Active

VEERLE DE GRAEVE

Associate

Active

Ended mandates

T2M BUSINESS ADVISORY

Mandate · since 18 mai 2020 · 0642.879.772

Ended

TDG Mindset

Managing director · since 18 mai 2020 · 0746.527.440

Ended

BUREAU A

Manager · 0460.849.473

Ended

BUREAU A

Mandate · until 18 mai 2020 · 0460.849.473

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other13/07/2026
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates22/05/2026
Benoeming bijkomende bestuurder
PDF
Mandates15/01/2026
Ontslag van bestuurders | Verplaatsing (adres van) de zetel
PDF
Capital / shares26/05/2023
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/07/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Restructuring18/01/2018
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/09/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/12/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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

2025
Annual accounts 202588,4 k €↓
2024
Annual accounts 2024122,5 k €↑
2023
Annual accounts 202399,1 k €↓
2022
Annual accounts 2022109,1 k €↓
2021
Annual accounts 2021143,8 k €↑
2020
Annual accounts 202099,6 k €↓
2019
Annual accounts 2019148,5 k €↓
2018
Annual accounts 2018181,4 k €↑
2017
Annual accounts 201750,8 k €↑
2016
Annual accounts 201649,2 k €↑
2015
Annual accounts 201547,2 k €↓
2014
Annual accounts 201462,0 k €↑
2013
Annual accounts 201332,5 k €↑
2012
Annual accounts 20122,9 k €↓
2011
Annual accounts 20116,7 k €↓
2010
Annual accounts 201052,2 k €↓
2009
Annual accounts 200955,2 k €↑
2008
Annual accounts 200836,8 k €↓
2007
Annual accounts 200750,2 k €
10/01/2006
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

MINDSETTING

Overview

What does MINDSETTING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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