BRACKETS
ActiveSummary
BRACKETS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,311 and a net result of €30,820. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 61% of 21,070 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €75,311
- Profit
- €30,820
Why 96raises risk1 of the last 3 latelowers riskLiquidity: current ratio 2.87, cash €66,084Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €107,424Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 63% on solvency, 73% on liquidity, 82% on profitability and 68% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 22 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €30,820 ▲73.3%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 75% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,382 | €2,196 | €2,196 | €1,154 | €977 | €2,560 | €3,173 | €3,552 | ▲ 11.9% |
| Other operating charges640/8 | - | - | - | €195 | €197 | €207 | €691 | €626 | ▼ 9.4% |
| Gross operating margin9900 | €13,379 | €8,244 | €4,224 | €10,378 | €21,565 | €28,542 | €29,640 | €49,375 | ▲ 66.6% |
| Operating profit (loss)9901 | €10,792 | €5,683 | €1,834 | €9,028 | €20,392 | €25,775 | €25,775 | €45,197 | ▲ 75.3% |
| Financial income75/76B | - | - | - | €5 | €0 | €0 | - | - | - |
| Recurring financial income75 | €12 | €17 | - | €5 | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €1,320 | €985 | €832 | €661 | €2,011 | ▲ 204% |
| Recurring financial charges65 | €707 | €617 | €1,212 | €1,320 | €985 | €832 | €661 | €2,011 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | €10,098 | €5,084 | €621 | €7,713 | €19,407 | €24,943 | €25,115 | €43,185 | ▲ 72.0% |
| Income taxes67/77 | €1,216 | €1,995 | €842 | €2,430 | €6,323 | €7,051 | €7,333 | €12,366 | ▲ 68.6% |
| Profit (loss) for the period9904 | €8,882 | €3,089 | -€220 | €5,284 | €13,083 | €17,892 | €17,781 | €30,820 | ▲ 73.3% |
| Profit (loss) for the period to be appropriated9905 | €8,882 | €3,089 | -€220 | €5,284 | €13,083 | €17,892 | €17,781 | €30,820 | ▲ 73.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €27,432 | €31,064 | €48,400 | €36,820 | €56,061 | €52,214 | €76,597 | €107,424 | ▲ 40.2% |
| Fixed assets21/28 | €2,955 | €3,619 | €1,728 | €3,124 | €4,026 | €5,285 | €7,568 | €15,416 | ▲ 104% |
| Tangible fixed assets22/27 | €2,955 | €3,619 | €1,423 | €2,819 | €3,721 | €4,980 | €7,263 | €15,411 | ▲ 112% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,814 | €1,436 | ▼ 20.8% |
| Furniture and vehicles24 | - | - | - | €2,819 | €3,721 | €4,980 | €5,450 | €2,275 | ▼ 58.2% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | - | €11,700 | - |
| Financial fixed assets28 | - | - | €305 | €305 | €305 | €305 | €305 | €5 | ▼ 98.4% |
| Current assets29/58 | €24,476 | €27,445 | €46,672 | €33,696 | €52,036 | €46,929 | €69,029 | €92,008 | ▲ 33.3% |
| Amounts receivable within one year40/41 | €9,968 | €12,036 | €15,920 | €19,906 | €12,258 | €12,677 | €12,149 | €7,347 | ▼ 39.5% |
| Trade receivables40 | - | - | - | €15,132 | €10,650 | €12,553 | €12,058 | €7,347 | ▼ 39.1% |
| Other amounts receivable41 | - | - | - | €4,774 | €1,608 | €125 | €91 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €10,270 | €13,673 | €28,455 | €10,663 | €33,610 | €29,824 | €52,747 | €66,084 | ▲ 25.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,127 | €6,167 | €4,428 | €4,133 | €18,577 | ▲ 349% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €27,432 | €31,064 | €48,400 | €36,820 | €56,061 | €52,214 | €76,597 | €107,424 | ▲ 40.2% |
| Equity10/15 | €24,012 | €26,283 | €25,244 | €29,709 | €26,974 | €44,047 | €60,991 | €75,311 | ▲ 23.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €16,860 | €19,860 | €18,860 | €22,860 | €20,774 | €37,360 | €54,360 | €67,860 | ▲ 24.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €21,000 | €18,914 | €37,360 | €54,360 | €67,860 | ▲ 24.8% |
| Profit (loss) carried forward14 | €952 | €223 | €184 | €649 | - | €487 | €431 | €1,251 | ▲ 190% |
| Amounts payable17/49 | €3,420 | €4,781 | €23,156 | €7,110 | €29,087 | €8,167 | €15,606 | €32,113 | ▲ 106% |
| Amounts payable within one year42/48 | €3,411 | €4,781 | €18,364 | €3,964 | €22,592 | €8,160 | €15,593 | €32,079 | ▲ 106% |
| Financial debts43 | - | - | - | €349 | €250 | €68 | €68 | €2,618 | ▲ 38× |
| Credit institutions430/8 | - | - | - | €349 | €250 | €68 | €0 | - | - |
| Other loans439 | - | - | - | - | - | - | €68 | €2,618 | ▲ 38× |
| Trade debts44 | €563 | €1,697 | €1,978 | €2,025 | €2,997 | €676 | €2,401 | €3,284 | ▲ 36.7% |
| Suppliers440/4 | - | - | - | €2,025 | €2,997 | €676 | €2,401 | €3,284 | ▲ 36.7% |
| Taxes, remuneration and social security45 | - | - | - | €768 | €3,293 | €6,304 | €12,279 | €8,906 | ▼ 27.5% |
| Taxes450/3 | - | - | - | €768 | €3,293 | €6,304 | €12,279 | €8,906 | ▼ 27.5% |
| Other amounts payable47/48 | - | - | - | €822 | €16,051 | €1,112 | €844 | €17,271 | ▲ 20× |
| Accrued charges and deferred income492/3 | - | - | - | €3,146 | €6,495 | €7 | €13 | €33 | ▲ 148% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,882 | €3,089 | -€220 | €5,284 | €13,083 | €17,892 | €17,781 | €30,820 | ▲ 73.3% |
| + Depreciation and write-downs630 | €2,382 | €2,196 | €2,196 | €1,154 | €977 | €2,560 | €3,173 | €3,552 | ▲ 11.9% |
| Operating cash flow (approximation) | €11,264 | €5,286 | €1,976 | €6,438 | €14,060 | €20,451 | €20,955 | €34,372 | ▲ 64.0% |
| Investment in fixed assets (approximation) | - | -€2,859 | -€305 | -€2,550 | -€1,878 | -€3,819 | -€5,457 | -€11,400 | ▼ 109% |
| Change in cash | - | €3,403 | €14,782 | -€17,792 | €22,948 | -€3,786 | €22,923 | €13,337 | ▼ 41.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-07-2026 | 2026-00331211 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00337755 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00455752 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00312840 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20454107 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-46300430 |
| 31-12-2019 | micro format | 05-10-2020 | 2020-58500010 |
| 31-12-2018 | micro format | 31-07-2019 | 2019-43700121 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61200309 |
| 31-12-2016 | abbreviated format | 31-10-2017 | 2017-68500100 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bracke Frederik |
|
Owners and capital
Capital and shareholders
- 21-12-2023 Converted to unavailable equity · €6,200
- 21-12-2023 Converted to unavailable equity · €1,860
- 21-12-2023 Converted to uncalled contributions · €12,400
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-12
Gazette deed
Resignation: Bracke Frederik (manager)Appointment: Bracke Frederik (director) · Capital conversion · Amendment of the articles13 facts ▸
- General meeting, 27-11-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch) (2 times)
- Capital conversion, “eigen vermogensrekening “niet-opgevraagde inbrengen”” (deed in Dutch)
- Other provision, “vormen en meerderheden van de statutenwijziging, beperking statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Director resignation, Bracke Frederik (manager)
- Director discharge, Bracke Frederik
- Director appointment, Bracke Frederik (director)
- Other provision, “verklaring bestuursverbod, niet getroffen door enige verbodsbepaling voor uitoefenen bestuursmandaat” (deed in Dutch)
- Power of attorney
- Power of attorney, Pierre De Brabander
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46383D0534/00L000 | Flanders | 713 m² | 1 · 128 m² | 4.4 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “IT-consultancy dit in de meest uitgebreide zin (deze opsomming is exemplatief en in geen geval beperkend); Consultancy en adviesverlening…” (deed in Dutch)
13 activities (deed in Dutch)
- IT-consultancy dit in de meest uitgebreide zin (deze opsomming is exemplatief en in geen geval beperkend);
- Consultancy en adviesverlening;
- Beheer van computerfaciliteiten;
- Gegevensverwerking,webhosting en aanverwanten;
- Diverse diensten op het gebied van informatietechnologie en computer;
- Het ontwerpen en programmeren van computerprogramma's en in het algemeen uitgeverij van software;
- De ontwikkeling en installatie van domotica-toepassingen voor particulier en professioneel gebruik;
- Het verlenen van diensten en adviezen in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard,onder meer op het vlak van administratie,management,bedrijfsorganisatie,promotie en informatica.
- Het organiseren en het uitgeven van cursussen.
- Het verwerven,vervreemden en beheren van zowel roerende als onroerende goederen.
- Import,export en handel van alle consumptiegoederen,grondstoffen,halffabrikaten en fabrikaten,hetzij voor eigen rekening,hetzij voor rekening van derde opdrachtgevers.
- De vennootschap mag via inbreng,fusie,inschrijving belangen nemen in of optreden als bestuurder van andere rechtspersonen of burgerlijke vennootschappen met een gelijkaardig voorwerp of waarvan het voorwerp in innige samenhang met het hare staat.
- De vennootschap kan optreden als bestuurder of bestuurder van andere burgerlijke rechtspersonen met een gelijkaardig voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BRACKETS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of in het buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTIKEL 12. Bevoegdheden van het bestuursorgaan - Vertegenwoordiging. Het bestuur heeft de meest uitgebreide machten om in alle…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders natuurlijke personen of rechtspersonen al dan niet aandeelhouder” (deed in Dutch)“Algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam met volgnummer, maar één soort aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meerdere…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering, vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed