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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GREAT MINDS from Wortegem-Petegem, company number BE0669765994, closed financial year 2025 with a result of € -11,872 after tax. For that financial year GREAT MINDS recorded a gross margin of € -5,707 and equity of € -13,977. Compared with financial year 2024, the result moved from € -15,855 to € -11,872. 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 June 25, 2026.
€ -13,977
▼ € 11,872 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,872
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10,202
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -32,527.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 20,327
▼ 23% vs 2024
€ 6,325 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 20,950
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,614
▲ 140% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,261 | € -13,199 | € -8,422 | € -5,707 | ▲ € 2,715 |
| Profit after taxes | € -5,640 | € -18,829 | € -15,855 | € -11,872 | ▲ € 3,984 |
| Equity | € 32,579 | € 13,750 | € -2,105 | € -13,977 | ▼ € 11,872 |
| Total debts | € 68,011 | € 51,489 | € 69,169 | € 77,424 | ▲ 12% |
| Cash | € 25,522 | € 10,984 | € 7,845 | € 10,202 | ▲ 30% |
| Land & buildings | € 18,798 | € 15,017 | € 11,370 | € 8,299 | ▼ 27% |
| Retained profit | € 14,029 | € -4,800 | € -20,655 | € -32,527 | ▼ € 11,872 |
| Dividend | € 25,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 15,857 | € 12,954 | € 26,445 | € 20,327 | ▼ 23% |
| Balance sheet total | € 100,591 | € 65,239 | € 67,063 | € 63,447 | ▼ 5% |
Key figures of GREAT MINDS, 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 GREAT MINDS?
What happened at GREAT MINDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,872. Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,640 loss in 2022 to € 11,872 loss in 2025.
Paid € 627 in corporate taxes since 2022.
Paid out € 25,000 in dividends to the owners in total.
A new publication or filing at GREAT MINDS? We notify you, reason included.
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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 GREAT MINDS is Kevin Descheemaeker.
Directors
According to the 2025 annual accounts
Kevin Descheemaeker
Manager
Establishments
Establishment units
Physical locations of this company
Deinzestraat(O.) 24
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0669.765.994
- VAT number
- BE 0669.765.994
- Registered office
- Deinzestraat(O.) 24, 9790 Wortegem-Petegem
- Names & denominations
- GREAT MINDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2017
- Peppol
- Active · Active since 1 Jan 2001
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