BRAINACT
ActiveSummary
BRAINACT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+69
Solvency94▲+32
Growth72=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 1.48 in 2023; short-term debt: 31.2% and cash: 3.6% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
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
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 2024Solvency, return and age of the figures
Solvency
68.8%
Return on assets
8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
490 d late
2022
29 d late
2021
193 d late
2020
10 d early
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€53k▲ 42.0%
2023 · €37k
2018: €14klowest value
2021: €58k
2022: €93k▲ +59.9% vs 2021highest value
2023: €37k▼ -60.1% vs 2022
2024: €53k▲ +42.0% vs 2023
2018 → 2024
EBIT margin
6.0%▲ 51.2pp
2023 · -45.2%
2018: -514.0%lowest value
2021: -11.3%
2022: 23.2%▲ +305% vs 2021highest value
2023: -45.2%▼ -295% vs 2022
2024: 6.0%▲ +113% vs 2023
2018 → 2024
Net result
€3k
2023 · €-15k
2018: €-62klowest in 7 years
2019: €-30k▲ +51.0% vs 2018
2020: €-38k▼ -23.8% vs 2019
2021: €-7k▲ +82.2% vs 2020
2022: €16k▲ +343% vs 2021highest in 7 years
2023: €-15k▼ -195% vs 2022
2024: €3k▲ +120% vs 2023
2018 → 2024
Working capital
€25k▲ 143%
2023 · €10k
2018: €91khighest in 7 years
2019: €61k▼ -32.9% vs 2018
2020: €24k▼ -61.2% vs 2019
2021: €17k▼ -28.0% vs 2020
2022: €27k▲ +55.9% vs 2021
2023: €10k▼ -62.0% vs 2022lowest in 7 years
2024: €25k▲ +143% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€58k€93k▲ 59.9%€37k▼ 60.1%€53k▲ 42.0%
2021: €58k
2022: €93k▲ +59.9% vs 2021highest in 4 years
2023: €37k▼ -60.1% vs 2022lowest in 4 years
2024: €53k▲ +42.0% vs 2023
Equity€24k-€18k▼ 27.5%€28k▲ 58.9%€12k▼ 55.4%€27k▲ 114%
2020: €24k
2021: €18k▼ -27.5% vs 2020
2022: €28k▲ +58.9% vs 2021highest in 5 years
2023: €12k▼ -55.4% vs 2022lowest in 5 years
2024: €27k▲ +114% vs 2023
Operating result€-45k-€-7k▲ 85.4%€21k€-17k€3k
2020: €-45klowest in 5 years
2021: €-7k▲ +85.4% vs 2020
2022: €21k▲ +428% vs 2021highest in 5 years
2023: €-17k▼ -178% vs 2022
2024: €3k▲ +119% vs 2023
Net result€-38k-€-7k▲ 82.2%€16k€-15k€3k
2020: €-38klowest in 5 years
2021: €-7k▲ +82.2% vs 2020
2022: €16k▲ +343% vs 2021highest in 5 years
2023: €-15k▼ -195% vs 2022
2024: €3k▲ +120% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €17k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€2k ▼ 28.2%
Current assets
€37k ▲ 17.3%
Equity and liabilities €39k
Equity
€27k ▲ 114%
Debt
€12k ▼ 44.1%
Debt's share of the balance-sheet total falls from 63.5% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2023 · €-16k
Cash flow
€4k▲
2023 · €-15k
Current ratio
3.05▲
2023 · 1.48
Debt to equity
0.45▼
2023 · 1.74
ROE
11.6%▲
2023 · -124.2%
ROA
8.0%▲
2023 · -45.4%
Interest coverage
72.15▲
2023 · -257.34
Debt ≤ 1 year
€12k▼
2023 · €21k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€34k€39k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€31k€37k▲
Amounts receivable within one year40/41€26k€24k▼
Other amounts receivable41€26k€24k▼
Current investments50/53€5k-
Cash at bank and in hand54/58-€1k
Deferred charges and accrued income490/1-€11k
Equity and liabilities
Total equity and liabilities10/49€34k€39k▲
Equity10/15€12k€27k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-52k€-38k▲
Amounts payable17/49€22k€12k▼
Amounts payable within one year42/48€21k€12k▼
Trade debts44€320-
Suppliers440/4€320-
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€21k€12k▼
Accrued charges and deferred income492/3€405-
Income statement
Code20232024
Turnover70€37k€53k▲
Non-recurring operating income76A€1k-
Goods, raw materials, services and sundry goods60/61€51k€43k▼
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€757€757=
Other operating charges640/8-€7k
Gross operating margin9900€-14k€10k▲
Operating profit (loss)9901€-17k€3k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€62€54▼
Recurring financial charges65€62€54▼
Profit (loss) for the period before taxes9903€-15k€3k▲
Profit (loss) for the period9904€-15k€3k▲
Profit (loss) for the period to be appropriated9905€-15k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-38k▲
Profit (loss) brought forward from the previous period14P€-37k€-41k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €58k | €93k | €37k | €53k | ▲ 42.0% |
| Non-recurring operating income76A | - | €6k | €5k | €1k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €49k | €65k | €51k | €43k | ▼ 15.8% |
| Remuneration, social security and pensions62 | - | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €994 | €757 | €757 | = |
| Other operating charges640/8 | - | €22k | €10k | - | €7k | - |
| Gross operating margin9900 | €-12k | €16k | €33k | €-14k | €10k | ▲ 174% |
| Operating profit (loss)9901 | €-45k | €-7k | €21k | €-17k | €3k | ▲ 119% |
| Financial income75/76B | - | €0 | - | €1k | - | - |
| Recurring financial income75 | €1 | €0 | - | €1k | - | - |
| Financial charges65/66B | - | €117 | €83 | €62 | €54 | ▼ 12.8% |
| Recurring financial charges65 | €26 | €117 | €83 | €62 | €54 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €-38k | €-7k | €21k | €-15k | €3k | ▲ 120% |
| Income taxes67/77 | - | - | €5k | - | - | - |
| Profit (loss) for the period9904 | €-38k | €-7k | €16k | €-15k | €3k | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €-7k | €16k | €-15k | €3k | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €78k | €101k | €34k | €39k | ▲ 13.7% |
| Fixed assets21/28 | €411 | €411 | €1k | €3k | €2k | ▼ 28.2% |
| Tangible fixed assets22/27 | €411 | €411 | €1k | €3k | €2k | ▼ 28.2% |
| Furniture and vehicles24 | - | €411 | €1k | €3k | €2k | ▼ 28.2% |
| Current assets29/58 | €61k | €78k | €100k | €31k | €37k | ▲ 17.3% |
| Amounts receivable within one year40/41 | €58k | €70k | €87k | €26k | €24k | ▼ 6.6% |
| Trade receivables40 | - | - | €7k | - | - | - |
| Other amounts receivable41 | - | €70k | €80k | €26k | €24k | ▼ 6.6% |
| Current investments50/53 | - | - | - | €5k | - | - |
| Cash at bank and in hand54/58 | €3k | €8k | €13k | - | €1k | - |
| Deferred charges and accrued income490/1 | - | €241 | €241 | - | €11k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €78k | €101k | €34k | €39k | ▲ 13.7% |
| Equity10/15 | €24k | €18k | €28k | €12k | €27k | ▲ 114% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-40k | €-47k | €-37k | €-52k | €-38k | ▲ 27.2% |
| Amounts payable17/49 | €37k | €61k | €74k | €22k | €12k | ▼ 44.1% |
| Amounts payable within one year42/48 | €37k | €61k | €74k | €21k | €12k | ▼ 43.0% |
| Trade debts44 | €707 | - | - | €320 | - | - |
| Suppliers440/4 | - | - | - | €320 | - | - |
| Taxes, remuneration and social security45 | - | €59k | €74k | €21k | €12k | ▼ 42.2% |
| Taxes450/3 | - | €59k | €74k | €21k | €12k | ▼ 42.2% |
| Other amounts payable47/48 | - | €2k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €405 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €-7k | €16k | €-15k | €3k | ▲ 120% |
| + Depreciation and write-downs630 | - | - | €994 | €757 | €757 | = |
| Operating cash flow (approximation) | €-38k | €-7k | €17k | €-15k | €4k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-2k | €-1 | ▲ 100.0% |
| Change in cash | - | €5k | €5k | - | - | - |
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
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 490 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.48 to 3.05; short-term debt falls from €21k to €12k.
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 193 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 4 loss-making years.
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 821 days late
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
14-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 411 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.95
Current ratio from 2.64 to 5.95; short-term debt falls from €56k to €12k.
2011
28-12
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 150 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 173 days late
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, Braine-le-Comte · 1 establishment unit since 2006
Ground area
1,257 m²
Building footprint
112 m²
Parcel 55302B0540/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Brainact
since 20062.154.645.855
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302B0540/00D000 | Wallonia | 1,257 m² | 1 · 112 m² | - |
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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 33,444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
brainact@skynet.beBraine-le-Comte
E-mail
yan@brainact.euBraine-le-Comte
Scores and ratios are computed by Checked and are not a credit decision.