Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mastermind from Kortrijk, company number BE0665685363, closed financial year 2025 with a result of € 284,568 after tax. For that financial year Mastermind recorded a gross margin of € 510,775 and equity of € 625,000. Compared with financial year 2024, the result moved from € 410,729 to € 284,568. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 625,000
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 284,568
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 328,945
▲ € 291,078 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 428,946 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0.9
Average over the fiscal year, from the social balance sheet.
€ 55,677
▲ € 51,712 vs 2024
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
€ 1.5 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 249,202
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,352
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,097 | € 249,585 | € 596,204 | € 510,775 | ▼ 14% |
| Profit after taxes | € 8,032 | € 174,578 | € 410,729 | € 284,568 | ▼ 31% |
| Equity | € 184,071 | € 358,649 | € 769,378 | € 625,000 | ▼ 19% |
| Total debts | € 82,019 | € 835,231 | € 1,698,387 | € 2,586,831 | ▲ 52% |
| Cash | € 788 | € 286,815 | € 37,867 | € 328,945 | ▲ € 291,078 |
| Retained profit | € 165,471 | € 340,049 | € 750,778 | € 606,400 | ▼ 19% |
| Dividend | € 0 | € 0 | € 0 | € 428,946 | |
| Bank debt | € 72,909 | € 794,391 | € 1,373,675 | € 1,534,868 | ▲ 12% |
| Balance sheet total | € 266,090 | € 1,193,880 | € 2,467,765 | € 3,211,831 | ▲ 30% |
| Employees (FTE) | - | - | - | 0.9 |
Key figures of Mastermind, 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 Mastermind?
What happened at Mastermind in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 284,568 (▼ 31% vs 2024). Source: NBB ↗
- Vre Group became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,032 profit in 2022 to € 284,568 profit in 2025.
Paid € 293,010 in corporate taxes since 2022.
Best year ever: 2024, with € 410,729 profit.
Paid out € 428,946 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Mastermind is Vre Group. Vre Group is also behind MINDSET REAL ESTATE and WER.
Directors
According to the 2025 annual accounts
since 2024
Establishments
Establishment units
Physical locations of this company
Kasteelkaai(Kor) 8
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0665.685.363
- VAT number
- BE 0665.685.363
- Registered office
- Kasteelkaai(Kor) 8, 8500 Kortrijk
- Names & denominations
- Mastermind
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 2016
- Peppol
- Active · Active since 19 Jun 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
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Algemene bouw van residentiële gebouwen
Handel in eigen onroerend goed