Brain@Trust
ActiveSummary
Brain@Trust has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-56k) and a net result of €-57k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-50
Solvency0▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.11 in 2024; short-term debt: 128.4% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28.6%
Return on assets
-28.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-56k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
30 d early
2023
246 d late
2022
31 d late
2021
31 d late
2020
23 d early
2019
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-56k
2024 · €112
2019: €-66k
2020: €-140k▼ -111% vs 2019lowest in 7 years
2021: €29k▲ +121% vs 2020
2022: €18k▼ -39.0% vs 2021
2023: €41k▲ +132% vs 2022highest in 7 years
2024: €112▼ -99.7% vs 2023
2025: €-56k▼ -50602% vs 2024
2019 → 2025
Total assets
€197k▼ 20.2%
2024 · €247k
2019: €257k
2020: €348k▲ +35.6% vs 2019
2021: €444k▲ +27.4% vs 2020
2022: €533k▲ +20.2% vs 2021highest in 7 years
2023: €352k▼ -34.0% vs 2022
2024: €247k▼ -29.7% vs 2023
2025: €197k▼ -20.2% vs 2024lowest in 7 years
2019 → 2025
Net result
€-57k▼ 39.4%
2024 · €-41k
2019: €-116klowest in 7 years
2020: €-74k▲ +36.6% vs 2019
2021: €-32k▲ +56.9% vs 2020
2022: €-11k▲ +64.6% vs 2021
2023: €23k▲ +306% vs 2022highest in 7 years
2024: €-41k▼ -275% vs 2023
2025: €-57k▼ -39.4% vs 2024
2019 → 2025
Working capital
€-232k▼ 6.0%
2024 · €-219k
2019: €-175khighest in 7 years
2020: €-360k▼ -105% vs 2019lowest in 7 years
2021: €-258k▲ +28.4% vs 2020
2022: €-304k▼ -17.9% vs 2021
2023: €-229k▲ +24.7% vs 2022
2024: €-219k▲ +4.5% vs 2023
2025: €-232k▼ -6.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€18k▼ 39.0%€41k▲ 132%€112▼ 99.7%€-56k
2021: €29k
2022: €18k▼ -39.0% vs 2021
2023: €41k▲ +132% vs 2022highest in 5 years
2024: €112▼ -99.7% vs 2023
2025: €-56k▼ -50602% vs 2024lowest in 5 years
Operating result€-32k-€-11k▲ 64.9%€23k€-40k€-56k▼ 39.1%
2021: €-32k
2022: €-11k▲ +64.9% vs 2021
2023: €23k▲ +311% vs 2022highest in 5 years
2024: €-40k▼ -273% vs 2023
2025: €-56k▼ -39.1% vs 2024lowest in 5 years
Net result€-32k-€-11k▲ 64.6%€23k€-41k€-57k▼ 39.4%
2021: €-32k
2022: €-11k▲ +64.6% vs 2021
2023: €23k▲ +306% vs 2022highest in 5 years
2024: €-41k▼ -275% vs 2023
2025: €-57k▼ -39.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56k in 2025 against €40k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€176k ▼ 19.8%
Current assets
€21k ▼ 24.0%
Key figures and ratios
EBITDA
€-13k▼
2024 · €12k
Cash flow
€-13k▼
2024 · €12k
Solvency
-28.6%▼
2024 · 0.0%
Current ratio
0.08▼
2024 · 0.11
Debt to equity
-4.50
ROA
-28.7%▼
2024 · -16.4%
Interest coverage
-62.14▼
2024 · 128.28
Debt
€254k▲
2024 · €247k
Debt ≤ 1 year
€253k▲
2024 · €247k
Income taxes
€65
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€247k€197k▼
Fixed assets21/28€219k€176k▼
Tangible fixed assets22/27€219k€176k▼
Plant, machinery and equipment23€219k€176k▼
Current assets29/58€28k€21k▼
Amounts receivable within one year40/41€12k€21k▲
Trade receivables40€4k€0▼
Other amounts receivable41€8k€21k▲
Cash at bank and in hand54/58€16k€27▼
Equity and liabilities
Total equity and liabilities10/49€247k€197k▼
Equity10/15€112€-56k▼
Contributions10/11€250k€250k=
Profit (loss) carried forward14€-250k€-306k▼
Amounts payable17/49€247k€254k▲
Amounts payable within one year42/48€247k€253k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45-€312
Taxes450/3-€312
Other amounts payable47/48€243k€252k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€43k▼
Other operating charges640/8€1k€7k▲
Gross operating margin9900€13k€-6k▼
Operating profit (loss)9901€-40k€-56k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€94€208▲
Recurring financial charges65€94€208▲
Profit (loss) for the period before taxes9903€-41k€-56k▼
Income taxes67/77-€65
Profit (loss) for the period9904€-41k€-57k▼
Profit (loss) for the period to be appropriated9905€-41k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-250k€-306k▼
Profit (loss) brought forward from the previous period14P€-209k€-250k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €51k | €52k | €53k | €43k | ▼ 17.5% |
| Other operating charges640/8 | - | €405 | €384 | €1k | €7k | ▲ 568% |
| Gross operating margin9900 | €7k | €40k | €76k | €13k | €-6k | ▼ 143% |
| Operating profit (loss)9901 | €-32k | €-11k | €23k | €-40k | €-56k | ▼ 39.1% |
| Financial income75/76B | - | - | €1 | €0 | - | - |
| Recurring financial income75 | - | - | €1 | €0 | - | - |
| Financial charges65/66B | €105 | €112 | €263 | €94 | €208 | ▲ 120% |
| Recurring financial charges65 | €105 | €112 | €263 | €94 | €208 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €-32k | €-11k | €23k | €-41k | €-56k | ▼ 39.3% |
| Income taxes67/77 | - | - | - | - | €65 | - |
| Profit (loss) for the period9904 | €-32k | €-11k | €23k | €-41k | €-57k | ▼ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €-32k | €-11k | €23k | €-41k | €-57k | ▼ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €533k | €352k | €247k | €197k | ▼ 20.2% |
| Fixed assets21/28 | €287k | €322k | €270k | €219k | €176k | ▼ 19.8% |
| Tangible fixed assets22/27 | €287k | €322k | €270k | €219k | €176k | ▼ 19.8% |
| Plant, machinery and equipment23 | €287k | €322k | €270k | €219k | €176k | ▼ 19.8% |
| Current assets29/58 | €157k | €212k | €82k | €28k | €21k | ▼ 24.0% |
| Amounts receivable within one year40/41 | €153k | €212k | €67k | €12k | €21k | ▲ 77.8% |
| Trade receivables40 | €79k | €140k | €5k | €4k | €0 | ▼ 100% |
| Other amounts receivable41 | €74k | €72k | €61k | €8k | €21k | ▲ 153% |
| Cash at bank and in hand54/58 | €244 | - | €16k | €16k | €27 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | €4k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €533k | €352k | €247k | €197k | ▼ 20.2% |
| Equity10/15 | €29k | €18k | €41k | €112 | €-56k | ▼ 50,602% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Profit (loss) carried forward14 | €-221k | €-232k | €-209k | €-250k | €-306k | ▼ 22.6% |
| Amounts payable17/49 | €415k | €516k | €311k | €247k | €254k | ▲ 2.6% |
| Amounts payable within one year42/48 | €415k | €516k | €311k | €247k | €253k | ▲ 2.6% |
| Financial debts43 | - | €585 | €0 | - | - | - |
| Credit institutions430/8 | - | €585 | €0 | - | - | - |
| Trade debts44 | €97k | €153k | €2k | €4k | €1k | ▼ 61.5% |
| Suppliers440/4 | €97k | €153k | €2k | €4k | €1k | ▼ 61.5% |
| Advances received on contracts in progress46 | €2k | €600 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €312 | - |
| Taxes450/3 | - | - | - | - | €312 | - |
| Other amounts payable47/48 | €317k | €362k | €309k | €243k | €252k | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-11k | €23k | €-41k | €-57k | ▼ 39.4% |
| + Depreciation and write-downs630 | €38k | €51k | €52k | €53k | €43k | ▼ 17.5% |
| Operating cash flow (approximation) | €6k | €40k | €75k | €12k | €-13k | ▼ 210% |
| Investment in fixed assets (approximation) | - | €-86k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | - | - | €518 | €-16k | ▼ 3,209% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 246 days late
2023
31-12
Financial
Back to profitnet €23k
Net result €23k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Overijse · 1 establishment unit since 2018
Ground area
2,619 m²
Building footprint
230 m²
Volume, LiDAR
1,246 m³
Parcel 23543K0085/00S026, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brain@Trust
since 20182.317.179.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23543K0085/00S026 | Flanders | 2,619 m² | 1 · 230 m² | 7.2 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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 710 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
Founded06-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.