Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Busy address KBO
81 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MindShare from Sint-Joost-ten-Node, company number BE0427832356, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year MindShare recorded revenue of € 161 million and equity of € -77,733. Compared with financial year 2024, the result moved from € 925,157 to € -1.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -77,733
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ still € 925,157 profit in 2024
Profit after tax over the fiscal year.
€ 35,394
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -139,706.
People and assets in 2025
72
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.6 million
▲ 14% vs 2024
€ 91,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 36.2 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 1.1 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 131,793,949 | € 147,570,125 | € 176,570,461 | € 161,009,280 | ▼ 9% |
| Profit after taxes | € 434,258 | € 412,453 | € 925,157 | € -1,051,903 | ▼ € 2 million |
| Equity | € 3,636,560 | € 2,549,013 | € 974,170 | € -77,733 | ▼ € 1.1 million |
| Total debts | € 61,567,956 | € 79,740,908 | € 74,390,513 | € 67,746,468 | ▼ 9% |
| Cash | € 1,234,036 | - | € 142,146 | € 35,394 | ▼ 75% |
| Retained profit | € 3,574,587 | € 2,487,040 | € 912,197 | € -139,706 | ▼ € 1.1 million |
| Dividend | € 0 | € 1,500,000 | € 2,500,000 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 684 | € 0 | € 0 | |
| Balance sheet total | € 65,204,516 | € 82,289,921 | € 75,364,683 | € 69,135,353 | ▼ 8% |
| Employees (FTE) | 67.3 | 65.5 | 71.3 | 72 | ▲ 0.7 |
Key figures of MindShare, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MindShare?
What happened at MindShare in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Els Thielemans stepped down as director. NBB
- Matthijs Brouwer stepped down as director. NBB
- Suzanne Stroobants stepped down as director. NBB
- Thierry Brynaert stepped down as director. NBB
- Thierry Lenders stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million (▼ € 2 million vs 2024). Source: NBB ↗
- Gino Baeck stepped down as director. NBB
- Els Thielemans became a director. NBB
In short
From € 434,258 profit in 2022 to € 1.1 million loss in 2025.
Paid € 841,924 in corporate taxes since 2022.
Best year ever: 2024, with € 925,157 profit.
Paid out € 4 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2030
since 2025 · until 2030
since 2018 · until 2025
since 2025 · until 2030
since 2025 · until 2030
Thierry Lenders
Director
Also active at: WPP GROUP SERVICES, WAVEMAKER, WPP Holdings Brussels, WPP Belgium SSC, GROUPM BELGIUM, EssenceMediacom Belgium
since 2018 · until 2030
Establishments
Establishment units
Physical locations of this company
Victoria Reginaplantsoen 1
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 81 companies are registered at this address.
All companies at this address →UniCredit
OGILVY SOCIAL LAB
€ 34.3 million revenue · 2025
Mutuelle Victoria Regina
CommPass
WPP GROUP SERVICES same network
€ 10.6 million revenue · 2025
+76 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.832.356
- VAT number
- BE 0427.832.356
- Registered office
- Victoria Reginaplantsoen 1, 1210 Sint-Joost-ten-Node
- Names & denominations
- MindShare
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 1985
- Peppol
- Active · Active since 15 Feb 2026
- Activities · NACE
Activiteiten van reclamebureaus
Publiciteitsagentschappen