BRAIN²
ActiveSummary
BRAIN² has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €2.3m. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+1
Solvency75▼-2
Growth78▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 4.1 against 2.29 in 2024; short-term debt: 19.7% and cash: 31% of total assets), but 50.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
49.7%
Return on assets
18%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
2 d early
2022
31 d early
2021
20 d early
2020
16 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 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
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Financials · fiscal year 2025, full schema
In the rankings
#8 fastest grower in Zaventem, Telecoms and IT sector
Turnover
€16.7m▲ 15.8%
2024 · €14.4m
EBIT margin
18.7%▲ 3.2pp
2024 · 15.5%
Net result
€2.3m▲ 39.4%
2024 · €1.6m
Working capital
€7.7m▲ 147%
2024 · €3.1m
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
Turnover€11.4m€12.9m▲ 13.4%€14.4m▲ 11.5%€16.7m▲ 15.8%
Operating result€1.9m▲ 7.1%€2.1m▲ 11.9%€2.7m▲ 29.8%€2.2m▼ 17.8%€3.1m▲ 39.9%
Net result€1.4mabove the sector's middle half▲ 6.4%€1.5mabove the sector's middle half▲ 10.9%€1.9mabove the sector's middle half▲ 26.0%€1.6mabove the sector's middle half▼ 14.6%€2.3mabove the sector's middle half▲ 39.4%
EBIT margin18.3%21.0%▲ 2.7pp15.5%▼ 5.5pp18.7%▲ 3.2pp
Equity€1.8mabove the sector's middle half▲ 25.7%€1.7mabove the sector's middle half▼ 7.4%€2.4mabove the sector's middle half▲ 42.7%€4.0mabove the sector's middle half▲ 68.6%€6.3mabove the sector's middle half▲ 56.7%
Total assets€4.7mabove the sector's middle half▲ 10.6%€8.0mabove the sector's middle half▲ 71.8%€6.3mabove the sector's middle half▼ 21.3%€7.7mabove the sector's middle half▲ 21.9%€12.7mabove the sector's middle half▲ 64.6%
Debt€2.9m▲ 2.8%€6.3m▲ 121%€3.9m▼ 38.1%€3.7m▼ 6.4%€6.4m▲ 73.3%
Working capital€1.7m▲ 32.4%€3.0m▲ 73.9%€3.3m▲ 7.8%€3.1m▼ 4.3%€7.7m▲ 147%
Solvency38.6%within the sector's middle half▲ 4.6pp20.8%within the sector's middle half▼ 17.8pp37.7%within the sector's middle half▲ 16.9pp52.2%within the sector's middle half▲ 14.5pp49.7%within the sector's middle half▼ 2.5pp
Staff (FTE)25.8above the sector's middle half▲ 6.6%26.6within the sector's middle half▲ 3.1%28.4within the sector's middle half▲ 6.8%32.7within the sector's middle half▲ 15.1%33.8above the sector's middle half▲ 3.4%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.7m
Fixed assets
€2.4m ▲ 14.4%
Current assets
€10.2m ▲ 83.9%
Equity and liabilities €12.7m
Equity
€6.3m ▲ 56.7%
Debt
€6.4m ▲ 73.3%
Debt's share of the balance-sheet total rises from 47.8% to 50.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.2m▲
2024 · €2.4m
Cash flow
€2.4m▲
2024 · €1.8m
Current ratio
4.10▲
2024 · 2.29
Debt to equity
1.01▲
2024 · 0.92
ROE
36.2%▼
2024 · 40.7%
ROA
18.0%▼
2024 · 21.2%
Interest coverage
178.84▲
2024 · 156.88
Debt ≤ 1 year
€2.5m▲
2024 · €2.4m
Income taxes
€817,780▲
2024 · €596,084
Staff costs
€3.1m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,662 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 20,129 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €11.6m | €13.2m | €14.7m | €16.9m | ▲ 15.4% |
| Turnover70 | - | €11.4m | €12.9m | €14.4m | €16.7m | ▲ 15.8% |
| Other operating income74 | - | €204,270 | €249,235 | €232,602 | €237,032 | ▲ 1.9% |
| Non-recurring operating income76A | - | €29,918 | €20,917 | €39,564 | €20,786 | ▼ 47.5% |
| Operating charges60/66A | - | €9.5m | €10.5m | €12.4m | €13.8m | ▲ 11.1% |
| Goods for resale, raw materials and consumables60 | - | €6.6m | €6.5m | €7.6m | €8.8m | ▲ 14.9% |
| Purchases600/8 | - | €6.6m | €6.5m | €7.6m | €8.8m | ▲ 14.9% |
| Services and other goods61 | - | €582,678 | €1.3m | €1.8m | €1.9m | ▲ 6.8% |
| Remuneration, social security and pensions62 | €1.9m | €2.2m | €2.5m | €2.9m | €3.1m | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,740 | €137,610 | €140,226 | €126,555 | €114,387 | ▼ 9.6% |
| Other operating charges640/8 | €12,925 | €15,320 | €10,592 | €7,743 | €8,091 | ▲ 4.5% |
| Gross operating margin9900 | €3.9m | - | - | - | - | - |
| Operating profit (loss)9901 | €1.9m | €2.1m | €2.7m | €2.2m | €3.1m | ▲ 39.9% |
| Financial income75/76B | €3,123 | €3,569 | €166,184 | €84,940 | €91,527 | ▲ 7.8% |
| Recurring financial income75 | €3,123 | €3,569 | €166,184 | €84,940 | €91,527 | ▲ 7.8% |
| Income from financial fixed assets750 | - | - | €22 | €43,526 | €11 | ▼ 100.0% |
| Income from current assets751 | - | - | €13,324 | €25,700 | €52,697 | ▲ 105% |
| Other financial income752/9 | - | €3,569 | €152,838 | €15,714 | €38,819 | ▲ 147% |
| Financial charges65/66B | €11,820 | €30,447 | €235,671 | €82,237 | €113,313 | ▲ 37.8% |
| Recurring financial charges65 | €11,820 | €30,447 | €235,671 | €82,237 | €113,313 | ▲ 37.8% |
| Debt charges650 | - | €9,076 | €7,414 | €14,993 | €18,052 | ▲ 20.4% |
| Other financial charges652/9 | - | €21,371 | €228,258 | €67,243 | €95,261 | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | €1.9m | €2.1m | €2.6m | €2.2m | €3.1m | ▲ 38.8% |
| Income taxes67/77 | €487,407 | €541,907 | €728,224 | €596,084 | €817,780 | ▲ 37.2% |
| Taxes670/3 | - | €542,568 | €730,474 | €596,084 | €817,780 | ▲ 37.2% |
| Tax adjustments and reversals of tax provisions77 | - | €662 | €2,250 | - | - | - |
| Profit (loss) for the period9904 | €1.4m | €1.5m | €1.9m | €1.6m | €2.3m | ▲ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €1.5m | €1.9m | €1.6m | €2.3m | ▲ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €8.0m | €6.3m | €7.7m | €12.7m | ▲ 64.6% |
| Fixed assets21/28 | €309,828 | €644,129 | €919,151 | €2.1m | €2.4m | ▲ 14.4% |
| Intangible fixed assets21 | - | €59,887 | €37,969 | €18,406 | €3,479 | ▼ 81.1% |
| Tangible fixed assets22/27 | €283,937 | €341,279 | €238,220 | €163,696 | €85,863 | ▼ 47.5% |
| Plant, machinery and equipment23 | €19,742 | €32,078 | €29,477 | €35,280 | €29,569 | ▼ 16.2% |
| Furniture and vehicles24 | €251,845 | €302,663 | €207,388 | €127,400 | €55,617 | ▼ 56.3% |
| Other tangible fixed assets26 | €12,350 | €6,537 | €1,355 | €1,016 | €678 | ▼ 33.3% |
| Financial fixed assets28 | €25,891 | €242,963 | €642,963 | €1.9m | €2.3m | ▲ 20.5% |
| Affiliated companies280/1 | - | €124,911 | €524,911 | €1.7m | €2.1m | ▲ 23.2% |
| Participating interests280 | - | €24,911 | €24,911 | €24,911 | €24,911 | = |
| Amounts receivable281 | - | €100,000 | €500,000 | €1.7m | €2.1m | ▲ 23.5% |
| Other financial fixed assets284/8 | - | €118,052 | €118,052 | €221,796 | €221,796 | = |
| Shares284 | - | €117,072 | €117,072 | €220,816 | €220,816 | = |
| Amounts receivable and cash guarantees285/8 | - | €980 | €980 | €980 | €980 | = |
| Current assets29/58 | €4.4m | €7.4m | €5.4m | €5.6m | €10.2m | ▲ 83.9% |
| Amounts receivable within one year40/41 | €1.3m | €2.5m | €2.2m | €2.4m | €2.5m | ▲ 6.4% |
| Trade receivables40 | €1.3m | €2.2m | €2.2m | €2.4m | €2.5m | ▲ 6.4% |
| Other amounts receivable41 | €3,585 | €300,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €3.0m | €3.2m | €1.5m | €2.0m | €3.9m | ▲ 94.5% |
| Deferred charges and accrued income490/1 | €113,005 | €1.7m | €1.7m | €1.2m | €3.8m | ▲ 225% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €8.0m | €6.3m | €7.7m | €12.7m | ▲ 64.6% |
| Equity10/15 | €1.8m | €1.7m | €2.4m | €4.0m | €6.3m | ▲ 56.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.8m | €131,057 | €2.0m | €2.0m | €2.0m | = |
| Distributable reserves133 | €1.8m | €131,057 | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | €81 | €1.5m | €317,317 | €1.9m | €4.2m | ▲ 117% |
| Amounts payable17/49 | €2.9m | €6.3m | €3.9m | €3.7m | €6.4m | ▲ 73.3% |
| Amounts payable after more than one year17 | €158,871 | - | - | - | - | - |
| Financial debts170/4 | €158,871 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.6m | €4.3m | €2.1m | €2.4m | €2.5m | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | €85,225 | - | - | - | - | - |
| Financial debts43 | €302,740 | €332,740 | €20,367 | €20,368 | €20,368 | = |
| Credit institutions430/8 | €302,740 | €332,740 | €20,367 | €20,368 | €20,368 | = |
| Trade debts44 | €836,555 | €3.0m | €1.4m | €1.8m | €1.8m | ▼ 0.7% |
| Suppliers440/4 | €836,555 | €3.0m | €1.4m | €1.8m | €1.8m | ▼ 0.7% |
| Advances received on contracts in progress46 | €17,129 | €17,129 | - | - | - | - |
| Taxes, remuneration and social security45 | €372,639 | €989,617 | €657,953 | €619,511 | €696,762 | ▲ 12.5% |
| Taxes450/3 | €170,639 | €756,125 | €404,327 | €356,763 | €326,646 | ▼ 8.4% |
| Remuneration and social security454/9 | €202,000 | €233,492 | €253,626 | €262,748 | €370,117 | ▲ 40.9% |
| Other amounts payable47/48 | €1.0m | €4,951 | €1 | - | - | - |
| Accrued charges and deferred income492/3 | €94,529 | €2.0m | €1.8m | €1.2m | €3.9m | ▲ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €1.5m | €1.9m | €1.6m | €2.3m | ▲ 39.4% |
| + Depreciation and write-downs630 | €103,740 | €137,610 | €140,226 | €126,555 | €114,387 | ▼ 9.6% |
| Operating cash flow (approximation) | €1.5m | €1.7m | €2.1m | €1.8m | €2.4m | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | -€471,912 | -€415,248 | -€1.3m | -€421,627 | ▲ 68.4% |
| Change in cash | - | €227,086 | -€1.7m | €509,755 | €1.9m | ▲ 274% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.3m ▲39.4%
Operating result €3.1m, net result €2.3m, both a record.
31-12
Financial
Equity above €5mEq €6.3m ▲56.7%
8 profitable years in a row build equity to €6.3m.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2mEq €2.4m ▲42.7%
6 profitable years in a row build equity to €2.4m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zaventem · 1 establishment unit since 1998
Ground area
3,969 m²
Building footprint
1,125 m²
Volume, LiDAR
17,512 m³
Parcel 23094D0029/00H000, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Belgicastraat 11, 1930 Zaventem
since 19982.086.081.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0029/00H000 | Flanders | 3,969 m² | 1 · 1,125 m² | 18.3 m · 5 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.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Brain² Holding
- BRAIN²
Highest known parent: Brain² Holding. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of BRAIN² and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,457 EUR awarded · 1,498 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 128 EUR | 128 EUR |
| 2024 | 1 | 128 EUR | 128 EUR |
| 2023 | 1 | 655 EUR | 696 EUR |
| 2022 | 1 | 546 EUR | 546 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400TIIHIDLXL3G983
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,746. 223 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
Founded20-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462918840
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.