Brain@work
ActiveSummary
Brain@work has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €144,047 and a net result of €52,132. Its solvency ranks better than 87% of 19917 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 13.63 against 6.46 in 2023; short-term debt: 7.1% and cash: 17.7% of total assets), and 7.1% of the assets are financed with debt.
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Signals
Three 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€144,047▲ 56.7%
2023 · €91,915
Total assets
€155,026▲ 44.0%
2023 · €107,651
Net result
€52,132▼ 41.4%
2023 · €88,915
Working capital
€138,643▲ 61.4%
2023 · €85,881
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€113,025-€63,935▼ 43.4%
Net result€88,915-€52,132▼ 41.4%
Equity€91,915-€144,047▲ 56.7%
Total assets€107,651-€155,026▲ 44.0%
Debt€15,736-€10,979▼ 30.2%
Working capital€85,881-€138,643▲ 61.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155,026
Fixed assets
€5,404 ▼ 10.4%
Current assets
€149,622 ▲ 47.2%
Equity and liabilities €155,026
Equity
€144,047 ▲ 56.7%
Debt
€10,979 ▼ 30.2%
Debt's share of the balance-sheet total falls from 14.6% to 7.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,565▼
2023 · €113,284
Cash flow
€52,761▼
2023 · €89,173
Current ratio
13.63▲
2023 · 6.46
Debt to equity
0.08▼
2023 · 0.17
ROE
36.2%▼
2023 · 96.7%
ROA
33.6%▼
2023 · 82.6%
Interest coverage
247.01▼
2023 · 469.55
Debt ≤ 1 year
€10,979▼
2023 · €15,736
Income taxes
€13,801▼
2023 · €23,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €258 | €629 | ▲ 144% |
| Other operating charges640/8 | €211 | €614 | ▲ 191% |
| Gross operating margin9900 | €113,495 | €65,178 | ▼ 42.6% |
| Operating profit (loss)9901 | €113,025 | €63,935 | ▼ 43.4% |
| Financial income75/76B | €54 | €2,259 | ▲ 4,112% |
| Recurring financial income75 | €54 | €2,259 | ▲ 4,112% |
| Financial charges65/66B | €241 | €261 | ▲ 8.3% |
| Recurring financial charges65 | €241 | €261 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €112,838 | €65,933 | ▼ 41.6% |
| Income taxes67/77 | €23,923 | €13,801 | ▼ 42.3% |
| Profit (loss) for the period9904 | €88,915 | €52,132 | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | €88,915 | €52,132 | ▼ 41.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €107,651 | €155,026 | ▲ 44.0% |
| Fixed assets21/28 | €6,033 | €5,404 | ▼ 10.4% |
| Tangible fixed assets22/27 | €6,033 | €5,404 | ▼ 10.4% |
| Furniture and vehicles24 | €6,033 | €5,404 | ▼ 10.4% |
| Current assets29/58 | €101,617 | €149,622 | ▲ 47.2% |
| Amounts receivable within one year40/41 | €10,975 | €9,796 | ▼ 10.7% |
| Trade receivables40 | €10,975 | €411 | ▼ 96.3% |
| Other amounts receivable41 | - | €9,385 | - |
| Current investments50/53 | €70,998 | €102,244 | ▲ 44.0% |
| Cash at bank and in hand54/58 | €19,645 | €27,440 | ▲ 39.7% |
| Deferred charges and accrued income490/1 | - | €10,142 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €107,651 | €155,026 | ▲ 44.0% |
| Equity10/15 | €91,915 | €144,047 | ▲ 56.7% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €88,915 | €0 | ▼ 100% |
| Distributable reserves133 | €88,915 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €141,047 | - |
| Amounts payable17/49 | €15,736 | €10,979 | ▼ 30.2% |
| Amounts payable within one year42/48 | €15,736 | €10,979 | ▼ 30.2% |
| Trade debts44 | €5,260 | €2,710 | ▼ 48.5% |
| Suppliers440/4 | €5,260 | €2,710 | ▼ 48.5% |
| Taxes, remuneration and social security45 | €6,923 | €8,269 | ▲ 19.4% |
| Taxes450/3 | €6,923 | €8,269 | ▲ 19.4% |
| Other amounts payable47/48 | €3,553 | €0 | ▼ 100% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €88,915 | €52,132 | ▼ 41.4% |
| + Depreciation and write-downs630 | €258 | €629 | ▲ 144% |
| Operating cash flow (approximation) | €89,173 | €52,761 | ▼ 40.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €7,796 | - |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 13.63
Current ratio from 6.46 to 13.63; short-term debt falls from €15,736 to €10,979.
31-12
Financial
Equity above €100,000Eq €144,047 ▲56.7%
2 profitable years in a row build equity to €144,047.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden
Ground area
794 m²
Building footprint
139 m²
Volume, LiDAR
736 m³
Parcel 12005D0125/00W002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0125/00W002 | Flanders | 794 m² | 1 · 139 m² | 8.5 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.
Similar companies · same sector, comparable size
Ýdalir
BE 0845.150.211
Antwerpen · Eq €145,510
Dr. Steven Huysmans
BE 0752.564.503
Leuven · Eq €145,619
MIND4LIFE
BE 0671.883.069
Hoogstraten · Eq €145,998
Dumartin
BE 0774.902.613
Oudenaarde · Eq €146,891
Dr. Sofie Van der Meersche, Psychiater
BE 0750.948.363
Wetteren · Eq €141,100
Of 5,533 companies in sector 86931 we hold annual accounts for 553. 402 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
Founded22-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
86931Psychology services
85599Other education
86939Human health activities
Contact
E-mail
elke_frans@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.