bitBrain
ActiveSummary
bitBrain has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,202 and a net result of €111,841. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67▼-33
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 9.31 in 2024; short-term debt: 57.8% and cash: 81.7% of total assets), but 57.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.2%
Return on assets
48.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
49 d early
2023
21 d early
2022
4 d early
2021
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€97,202▼ 61.0%
2024 · €249,244
Total assets
€230,297▼ 17.5%
2024 · €279,180
Net result
€111,841▲ 25.4%
2024 · €89,164
Working capital
€96,999▼ 61.0%
2024 · €248,702
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,763-€76,023▲ 33.9%€79,980▲ 5.2%€113,936▲ 42.5%€144,046▲ 26.4%
Net result€40,557within the sector's middle half-€54,144above the sector's middle half▲ 33.5%€62,878above the sector's middle half▲ 16.1%€89,164above the sector's middle half▲ 41.8%€111,841above the sector's middle half▲ 25.4%
Equity€43,057within the sector's middle half-€97,202within the sector's middle half▲ 126%€160,080within the sector's middle half▲ 64.7%€249,244above the sector's middle half▲ 55.7%€97,202within the sector's middle half▼ 61.0%
Total assets€105,042within the sector's middle half-€164,169within the sector's middle half▲ 56.3%€228,374within the sector's middle half▲ 39.1%€279,180above the sector's middle half▲ 22.2%€230,297within the sector's middle half▼ 17.5%
Debt€61,985-€66,967▲ 8.0%€68,295▲ 2.0%€29,936▼ 56.2%€133,095▲ 345%
Working capital€29,546within the sector's middle half-€93,042within the sector's middle half▲ 215%€159,076above the sector's middle half▲ 71.0%€248,702above the sector's middle half▲ 56.3%€96,999within the sector's middle half▼ 61.0%
Solvency41.0%within the sector's middle half-59.2%within the sector's middle half▲ 18.2pp70.1%within the sector's middle half▲ 10.9pp89.3%above the sector's middle half▲ 19.2pp42.2%within the sector's middle half▼ 47.1pp
Current ratio1.48within the sector's middle half-2.39within the sector's middle half▲ 0.913.33within the sector's middle half▲ 0.949.31above the sector's middle half▲ 5.981.73within the sector's middle half▼ 7.58
Return on assets (ROA)38.6%above the sector's middle half-33.0%above the sector's middle half▼ 5.6pp27.5%within the sector's middle half▼ 5.4pp31.9%within the sector's middle half▲ 4.4pp48.6%above the sector's middle half▲ 16.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,297
Fixed assets
€202 ▼ 62.7%
Current assets
€230,094 ▼ 17.4%
Equity and liabilities €230,297
Equity
€97,202 ▼ 61.0%
Debt
€133,095 ▲ 345%
Debt's share of the balance-sheet total rises from 10.7% to 57.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€144,386▲
2024 · €114,398
Cash flow
€112,181▲
2024 · €89,626
Debt to equity
1.37▲
2024 · 0.12
ROE
115.1%▲
2024 · 35.8%
Interest coverage
1848.73▲
2024 · 1013.45
Debt ≤ 1 year
€133,095▲
2024 · €29,936
Income taxes
€32,154▲
2024 · €24,659
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,858 | €9,352 | €3,156 | €461 | €340 | ▼ 26.4% |
| Other operating charges640/8 | €1,684 | €152 | €572 | €1,340 | €888 | ▼ 33.7% |
| Gross operating margin9900 | €66,305 | €85,528 | €83,708 | €115,737 | €145,274 | ▲ 25.5% |
| Operating profit (loss)9901 | €56,763 | €76,023 | €79,980 | €113,936 | €144,046 | ▲ 26.4% |
| Financial income75/76B | €0 | €18 | - | €0 | €27 | ▲ 271,600% |
| Recurring financial income75 | €0 | €18 | - | €0 | €27 | ▲ 271,600% |
| Financial charges65/66B | €69 | €72 | €209 | €113 | €78 | ▼ 30.8% |
| Recurring financial charges65 | €69 | €72 | €209 | €113 | €78 | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | €56,694 | €75,969 | €79,772 | €113,823 | €143,995 | ▲ 26.5% |
| Income taxes67/77 | €16,137 | €21,825 | €16,893 | €24,659 | €32,154 | ▲ 30.4% |
| Profit (loss) for the period9904 | €40,557 | €54,144 | €62,878 | €89,164 | €111,841 | ▲ 25.4% |
| Profit (loss) for the period to be appropriated9905 | €40,557 | €54,144 | €62,878 | €89,164 | €111,841 | ▲ 25.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,042 | €164,169 | €228,374 | €279,180 | €230,297 | ▼ 17.5% |
| Fixed assets21/28 | €13,511 | €4,159 | €1,004 | €542 | €202 | ▼ 62.7% |
| Tangible fixed assets22/27 | €13,511 | €4,159 | €1,004 | €542 | €202 | ▼ 62.7% |
| Plant, machinery and equipment23 | €4,003 | €2,486 | €969 | €542 | €202 | ▼ 62.7% |
| Furniture and vehicles24 | €9,509 | €1,673 | €35 | €0 | - | - |
| Current assets29/58 | €91,531 | €160,010 | €227,371 | €278,638 | €230,094 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €17,424 | €17,908 | €17,908 | €61,418 | €41,565 | ▼ 32.3% |
| Trade receivables40 | €17,424 | €17,908 | €17,908 | €56,077 | €35,937 | ▼ 35.9% |
| Other amounts receivable41 | - | - | - | €5,341 | €5,628 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €74,107 | €142,102 | €209,463 | €217,008 | €188,100 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | - | - | - | €212 | €430 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,042 | €164,169 | €228,374 | €279,180 | €230,297 | ▼ 17.5% |
| Equity10/15 | €43,057 | €97,202 | €160,080 | €249,244 | €97,202 | ▼ 61.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €40,557 | €94,702 | €157,580 | €246,744 | €94,702 | ▼ 61.6% |
| Distributable reserves133 | €40,557 | €94,702 | €157,580 | €246,744 | €94,702 | ▼ 61.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €61,985 | €66,967 | €68,295 | €29,936 | €133,095 | ▲ 345% |
| Amounts payable within one year42/48 | €61,985 | €66,967 | €68,295 | €29,936 | €133,095 | ▲ 345% |
| Financial debts43 | - | €4 | - | €17 | €1,632 | ▲ 9,372% |
| Credit institutions430/8 | - | €4 | - | €17 | €1,632 | ▲ 9,372% |
| Trade debts44 | €2,203 | €2,894 | €2,535 | €212 | €970 | ▲ 358% |
| Suppliers440/4 | €2,203 | €2,894 | €2,535 | €212 | €970 | ▲ 358% |
| Taxes, remuneration and social security45 | €26,113 | €49,618 | €50,463 | €26,160 | €12,403 | ▼ 52.6% |
| Taxes450/3 | €26,113 | €49,618 | €50,463 | €26,160 | €10,349 | ▼ 60.4% |
| Remuneration and social security454/9 | - | - | - | - | €2,055 | - |
| Other amounts payable47/48 | €33,669 | €14,451 | €15,297 | €3,547 | €118,090 | ▲ 3,229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,557 | €54,144 | €62,878 | €89,164 | €111,841 | ▲ 25.4% |
| + Depreciation and write-downs630 | €7,858 | €9,352 | €3,156 | €461 | €340 | ▼ 26.4% |
| Operating cash flow (approximation) | €48,415 | €63,497 | €66,034 | €89,626 | €112,181 | ▲ 25.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €67,995 | €67,361 | €7,546 | -€28,908 | ▼ 483% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €111,841 ▲25.4%
Operating result €144,046, net result €111,841, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 9.31
Current ratio from 3.33 to 9.31; short-term debt falls from €68,295 to €29,936.
31-12
Financial
Equity above €200,000Eq €249,244 ▲55.7%
4 profitable years in a row build equity to €249,244.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €160,080 ▲64.7%
3 profitable years in a row build equity to €160,080.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 2021
Ground area
955 m²
Building footprint
178 m²
Volume, LiDAR
1,187 m³
Parcel 12035B0717/00Z000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mechelsesteenweg(PAS) 99, 2860 Sint-Katelijne-Waver
since 20212.312.806.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0717/00Z000 | Flanders | 955 m² | 1 · 178 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0738.400.721
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761915402
Also
9925:BE0761915402
Registered
22-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.