Equity
€634,497 ▲ 158%
Equity rose in 2025 from €245,811 to €634,497.
BRAINACTIVITY
Overview
Lifetime
19 annual accounts with figures on one time axispeak €650,086 (2025)
€650,086▲ 11.8%
lowest -€397,598 (2021)
€388,686▲ 59.7%
peak €1.5m (2014)
€634,497▲ 158%
€5.2m▼ 27.3%
peak 0 FTE (2025)
0 FTE
Board3 names since 2006
2 directorsNOVO BELGIUM HOLDING and 1 other
Owners
99.21%NOVO BELGIUM HOLDING
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €243,457 to €388,686Equity from €245,811 to €634,497Debts from €7.1m to €5.2mCash from €2.7m to €845,296
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The accounts state no turnover.
Debts
€5.2m 89% of the balance sheet
Financial debts 33%Suppliers 2%Other 65%
Of this, €3.5m falls due within a year.
Filings
19 annual accounts since 2007
Ten of the last ten came late. The 2021 accounts came latest: 313 days after the end of the period.
At the same address
90 companies
Position in the sector
€388,686
Higher net result than 84% of companies in film, video and music. Sector median €30,480 · 231 companies.
Net result +60%: other schema
Checked score
94
Excellent
Financially stronger than 56% of small companies in film, video and music (NACE 59)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 177 companies (NACE 59, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.2 percentage points vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.4 percentage points vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Equity €634,497 (10.9% of total assets)
lowers risk
Size: total assets €5.8m
Figures for financial year 2025 (filed on 31-08-2026)
Calculation
The band follows from the bankruptcy probability. 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 59, small). It does better than 27% of them on solvency, 31% on liquidity, 69% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as BRAINACTIVITY has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of BRAINACTIVITY itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for BRAINACTIVITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.43 (0.58 in 2024), below 1. Short-term debt is 59.7% and cash 14.5% of total assets. 89.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €634,497
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
61 days late
2023
75 days late
2022
31 days late
2021
313 days late
2020
122 days late
2019
76 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 101 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- NOVO BELGIUM HOLDING 99.21%equity €50.6m (2025) · 2025 annual accounts of NOVO BELGIUM HOLDING
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885174389
Registered office moved from Bruxelies to Ixelles
New registered office: Place Eugène Flagey 7, 1050 Ixelles · Previous registered office: place Eugène Flagey 27, 1050 Bruxelies · Registered office clause: Place Eugène Flagey 27, 1050 Ixelles · General meeting of 05-11-2022 · Gazette deed
Reappointments: JANNE Eamon (director) and NOVO BELGIUM HOLDING SA (director)
“La gestion et l'exploitation de cafés, cafétarias, restaurants, snack-bars, fastfood snack; L'achat, la vente…” (deed in French) · JANNE Dominique André Joseph Albert holds 1 share · NOVO BELGIUM HOLDING SA holds 125 shares · General meeting of 17-12-2020 · Gazette deed
Permanent representative: Dominique JANNE
General meeting of 01-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRAINACTIVITY Ixelles | €5.8m | €0.7m | 10.9% | 0 |
| WAVRE 1608 Ixelles | €4.0m | €0.3m | 59.6% | 0 |
| VIVI FILM Koekelberg | €10.6m | €2.0m | 26.8% | 0 |
| FABRIQUE FANTASTIQUE Lier | €3.5m | €0.7m | 20.1% | 0 |
| Entre Chien et Loup Ixelles | €3.5m | €0.8m | 4.5% | 0.3 |
| 26 DB Productions Ixelles | €3.5m | €0.2m | 24.0% | 0 |
| BACK OF THE HOUSE PRODUCTIONS Brussels | €5.8m | €2.7m | 61.5% | 0.6 |
These companies have the same main activity as BRAINACTIVITY: production of cinema films (NACE 59111). They are comparable in size and age: total assets between €3.5m and €11m, founded between 1989 and 2016.
Official details
Source: KBO- Status
- Active since 23-11-2006Normal situation
- Registered office
- 91 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Production of cinema filmsNACE 59111
- Establishment unit
- 2.316.245.8751050 Ixelles, since 23-11-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 14-05-2025
Annual accounts 2025
- €650,086▲ 11.8%
- €388,686▲ 59.7%
- €634,497▲ 158%
- €5.8m▼ 21.1%
- Filing
- Filed on 31-08-2026
Insights on BRAINACTIVITY
BRAINACTIVITY has existed since 2006. In 2013 the gross margin rose from €120,365 to €241,851.
The gross margin has grown every year since 2019. Solvency rose in 2025 from 3.3% to 10.9% because of the retained profit and lower debts.
NOVO BELGIUM HOLDING holds 99.21% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 31-08-2026, 31 days late€650,086
▲ 11.8%
€472,278
▲ 23.2%
€388,686
▲ 59.7%
-€2.0m
▲ €133,684
10.9%
▲ 7.6 percentage points
0.43
▼ 0.15
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.5m. Estimated: probably between €920,000 and €2.6m.
Balance sheet
balance sheet total €5.8m on 31-12-2025What the company ownsHow it is paid for
in euro
in €m
Position in the sector
10.9%
Higher than 28% of 232 companies in 2025.
0.43
Higher than 11% of 225 companies in 2025.
6.7%
Higher than 68% of 231 companies in 2025.
BRAINACTIVITY
Middle half of the sector
80% of the sector
Full accounts in film, video and music (NACE 59)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
5.8m | 7.4m | 5.7m | 5.6m | 5.8m | 6.2m | 6.1m | 6.5m | 5.8m | 6.0m | 6.1m | 6.3m | 6.1m | 4.0m | 3.0m | 2.3m | 1.4m | 1.4m | 1.2m | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,250 | |
21/28 |
4.3m | 4.4m | 4.6m | 4.4m | 4.8m | 5.3m | 5.2m | 5.4m | 4.7m | 4.7m | 4.8m | 4.8m | 4.9m | 2.8m | 2.2m | 2.3m | 1.4m | 1.3m | 1.2m | |
22/27 |
4.3m | 4.4m | 4.6m | 4.4m | 4.8m | 5.3m | 5.2m | 5.4m | 4.7m | 4.7m | 4.8m | 4.8m | 4.9m | 2.8m | 2.2m | 2.3m | 1.2m | 1.1m | 1.2m | |
22 |
4.3m | 4.4m | 4.6m | 4.4m | 4.8m | 5.3m | 5.2m | 5.4m | 4.7m | 4.7m | 4.8m | 4.8m | 4.9m | 2.8m | 2.2m | 2.3m | 1.2m | 1.1m | 1.2m | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 148,938 | 148,938 | - | |
29/58 |
1.5m | 3.0m | 1.1m | 1.2m | 969,046 | 871,207 | 908,136 | 1.1m | 1.2m | 1.3m | 1.3m | 1.4m | 1.2m | 1.1m | 830,935 | 43,203 | 3,675 | 79,925 | 13,253 | |
40/41 |
658,663 | 223,949 | 224,277 | 206,897 | 166,733 | 30,121 | 21,097 | 10,627 | 24,322 | 76,893 | 132,890 | 243,469 | 187,436 | 6,096 | 77 | 12,560 | - | 62 | - | |
40 |
123,465 | 192,651 | 197,008 | 173,889 | 112,459 | 25,221 | 18,097 | 10,627 | 23,404 | 30,107 | 26,001 | 25,198 | 32,117 | 3,698 | - | - | - | - | - | |
41 |
535,198 | 31,298 | 27,270 | 33,008 | 54,274 | 4,900 | 3,000 | - | 918 | 46,787 | 106,889 | 218,271 | 155,319 | 2,398 | 77 | 12,560 | - | 62 | - | |
54/58 |
845,296 | 2.7m | 874,369 | 1.0m | 802,313 | 839,317 | 884,620 | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 973,676 | 1.1m | 826,224 | 14,562 | 3,675 | 79,105 | 13,253 | |
490/1 |
- | - | 563 | - | - | 1,769 | 2,419 | 2,656 | 2,438 | 1,838 | 1,020 | 1,502 | - | 1,920 | 4,634 | 16,081 | - | 758 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
5.8m | 7.4m | 5.7m | 5.6m | 5.8m | 6.2m | 6.1m | 6.5m | 5.8m | 6.0m | 6.1m | 6.3m | 6.1m | 4.0m | 3.0m | 2.3m | 1.4m | 1.4m | 1.2m | |
10/15 |
634,497 | 245,811 | 2,354 | -114,457 | 77,567 | 475,165 | 657,750 | 860,078 | 1.2m | 1.3m | 1.4m | 1.5m | 1.5m | -560,645 | -359,487 | -296,494 | -297,890 | -221,875 | -116,349 | |
10/11 |
950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 750,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
950,000 | 950,000 | 950,000 | 950,000 | 950,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 950,000 | 750,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
12 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | |
14 |
-1.8m | -2.2m | -2.4m | -2.5m | -2.3m | -2.0m | -1.8m | -1.6m | -1.3m | -1.1m | -1.1m | -902,207 | -767,923 | -622,645 | -421,487 | -358,494 | -359,890 | -283,875 | -178,349 | |
17/49 |
5.2m | 7.1m | 5.7m | 5.7m | 5.7m | 5.7m | 5.5m | 5.6m | 4.7m | 4.7m | 4.7m | 4.8m | 4.6m | 4.5m | 3.4m | 2.6m | 1.7m | 1.6m | 1.3m | |
17 |
1.7m | 2.0m | 2.4m | 2.8m | 3.1m | 3.5m | 3.8m | 4.1m | 1.5m | 1.6m | 1.5m | 1.6m | 1.6m | 1.7m | 1.7m | - | - | - | - | |
170/4 |
1.7m | 2.0m | 2.4m | 2.8m | 3.1m | 3.5m | 3.8m | 4.1m | 1.5m | 1.6m | 1.5m | 1.6m | 1.6m | 1.7m | 1.7m | - | - | - | - | |
42/48 |
3.5m | 5.1m | 3.3m | 3.0m | 2.6m | 2.2m | 1.7m | 1.5m | 3.2m | 3.1m | 3.2m | 3.2m | 3.0m | 2.9m | 1.7m | 2.6m | 1.6m | 1.6m | 1.3m | |
42 |
302,600 | 368,178 | 357,250 | 351,844 | 346,207 | 338,213 | 318,967 | 313,156 | 2.3m | 2.5m | 2.7m | 2.8m | 2.9m | 2.0m | 1.1m | 2.1m | 1.0m | 1.0m | 1.0m | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 45 | - | 27 | 14 | - | - | - | 224 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 45 | - | 27 | 14 | - | - | - | 224 | |
44 |
117,622 | 220,786 | 314,458 | 316,967 | 254,401 | 108,517 | 142,311 | 134,790 | 64,916 | 88,143 | 37,044 | - | 999 | 16,223 | 2,235 | 4,689 | 648 | - | - | |
440/4 |
117,622 | 220,786 | 314,458 | 316,967 | 254,401 | 108,517 | 142,311 | 134,790 | 64,916 | 88,143 | 37,044 | - | 999 | 16,223 | 2,235 | 4,689 | 648 | - | - | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 520 | 520 | - | - | - | - | - | - | |
45 |
- | - | - | - | 1,517 | - | - | 16,968 | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
- | - | - | - | 1,517 | - | - | 16,968 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
3.1m | 4.5m | 2.6m | 2.3m | 2.0m | 1.8m | 1.2m | 1.0m | 785,772 | 560,960 | 479,214 | 375,517 | 169,273 | 846,119 | 576,534 | 506,624 | 612,250 | 536,385 | 259,007 | |
492/3 |
5,550 | 51,637 | - | - | 26,650 | 31,715 | - | - | 8,175 | 4,506 | 2,248 | 4,052 | 891 | 1,186 | - | 26,629 | 24,992 | 23,978 | 8,501 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | 2,239 | - | 1,000 | 4,491 | 1,513 | 2,047 | 5,046 | - | 3,064 | - | 26,624 | 100 | 228,791 | - | - | 86,000 | |
9900 |
650,086 | 581,709 | 473,517 | 344,463 | 263,453 | 168,590 | 103,113 | 126,751 | 186,093 | 222,977 | 138,222 | 173,320 | 241,851 | 120,365 | 146,726 | 90,554 | 17,968 | 21,914 | -3,737 | |
630 |
110,758 | 156,866 | 143,995 | 437,239 | 492,257 | 152,518 | 128,319 | 233,631 | 107,897 | 106,208 | 105,265 | 103,628 | 116,771 | 173,129 | 63,037 | 213,508 | 32,238 | 34,164 | 199,776 | |
640/8 |
62,682 | 41,420 | 66,879 | 5,625 | 62,123 | 31,751 | 32,957 | 38,383 | 59,203 | 27,276 | 19,482 | 19,414 | 24,619 | 15,100 | 15,128 | 12,396 | 6,806 | 13,045 | 3,008 | |
66A |
4,368 | - | 4,889 | - | 1,299 | 10,246 | 3,111 | 2,000 | - | - | 170 | 1,429 | 100,000 | - | - | 20,000 | 6,481 | - | - | |
9901 |
472,278 | 383,423 | 257,754 | -98,401 | -292,226 | -25,924 | -61,274 | -147,263 | 18,994 | 89,492 | 13,475 | 50,278 | 100,461 | -67,864 | 68,561 | -135,350 | -21,076 | -25,295 | -206,521 | |
75/76B |
4,400 | 6,448 | 482 | 592 | 211 | 44 | 126 | 5 | 557 | 2,208 | 4,394 | 18,520 | 8,723 | 5,363 | 3,720 | 113 | 97 | 68 | - | |
75 |
4,400 | 6,448 | 482 | 592 | 211 | 44 | 126 | 5 | 557 | 2,208 | 4,394 | 18,520 | 8,723 | 5,363 | 3,720 | 113 | 97 | 68 | - | |
65/66B |
87,992 | 144,611 | 141,425 | 94,215 | 105,583 | 156,602 | 141,181 | 155,790 | 152,046 | 167,126 | 169,900 | 202,640 | 154,649 | 163,961 | 135,337 | 72,175 | 49,520 | 80,289 | 56,850 | |
65 |
87,992 | 144,611 | 141,425 | 94,215 | 105,583 | 156,602 | 141,181 | 155,790 | 152,046 | 167,126 | 169,900 | 202,640 | 154,649 | 163,961 | 135,337 | 72,175 | 49,520 | 80,289 | 56,850 | |
9903 |
388,686 | 245,260 | 116,811 | -192,024 | -397,598 | -182,483 | -202,328 | -303,048 | -132,496 | -75,426 | -152,201 | -132,207 | -145,465 | -199,838 | -62,956 | 1,379 | -76,980 | -105,516 | -177,371 | |
67/77 |
0 | 1,803 | - | - | - | 102 | - | - | - | 2 | 367 | 2,077 | -187 | 1,320 | 37 | -17 | -965 | 10 | 978 | |
9904 |
388,686 | 243,457 | 116,811 | -192,024 | -397,598 | -182,584 | -202,328 | -303,048 | -132,496 | -75,427 | -152,568 | -134,284 | -145,278 | -201,158 | -62,993 | 1,396 | -76,015 | -105,526 | -178,349 | |
9905 |
388,686 | 243,457 | 116,811 | -192,024 | -397,598 | -182,584 | -202,328 | -303,048 | -132,496 | -75,427 | -152,568 | -134,284 | -145,278 | -201,158 | -62,993 | 1,396 | -76,015 | -105,526 | -178,349 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-1.8m | -2.2m | -2.4m | -2.5m | -2.3m | -2.0m | -1.8m | -1.6m | -1.3m | -1.1m | -1.1m | -902,207 | -767,923 | -622,645 | -421,487 | -358,494 | -359,890 | -283,875 | -178,349 | |
14P |
-2.2m | -2.4m | -2.5m | -2.3m | -2.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467627.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00467627 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00518486 | |
| 31-12-2023 | micro format | 14-10-2024 | 2024-00505877 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00395689 | |
| 31-12-2021 | full format | 09-06-2023 | 2023-00120608 | |
| 31-12-2020 | full format | 30-11-2021 | 2021-78700409 | |
| 31-12-2019 | full format | 15-10-2020 | 2020-61800508 | |
| 31-12-2018 | full format | 25-09-2019 | 2019-66100531 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-59700537 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-55100538 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57100399 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-62800559 | |
| 31-12-2013 | full format | 29-08-2014 | 2014-53300367 | |
| 31-12-2012 | full format | 24-04-2013 | 2013-09800403 | |
| 31-12-2011 | full format | 07-05-2012 | 2012-11300006 | |
| 31-12-2010 | full format | 09-05-2011 | 2011-11000333 | |
| 31-12-2009 | full format | 17-06-2010 | 2010-19200380 | |
| 31-12-2008 | full format | 14-07-2009 | 2009-42600302 | |
| 31-12-2007 | full format | 08-05-2008 | 2008-13700279 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 583,036 | 540,289 | 401,749 | 338,837 | 200,031 | 126,593 | 67,045 | 86,368 | 126,891 | 195,701 | 118,740 | 153,906 | 217,232 | 105,265 | 131,598 | 78,158 | 11,162 | 8,869 | -6,745 | ||
| 499,444 | 400,323 | 260,806 | 245,214 | 94,659 | -30,067 | -74,009 | -69,417 | -24,599 | 30,781 | -47,303 | -30,656 | -28,507 | -28,029 | 44 | 214,904 | -43,777 | -71,362 | 21,428 | ||
| 0 | 23,100 | 329,622 | 0 | 0 | 217,787 | 0 | 947,813 | 50,707 | 28,318 | 53,166 | -1,799 | 843,750 | 891,953 | 0 | 1.4m | 110,000 | 154,597 | 1.4m | ||
| -1.9m | 1.9m | -149,737 | 221,793 | -37,004 | -45,303 | -208,606 | -72,691 | -21,437 | -5,815 | -9,321 | 228,814 | -151,139 | 298,591 | 811,662 | 10,887 | -75,430 | 65,852 | - | ||
| -2.0m | -2.1m | -2.2m | -1.7m | -1.6m | -1.3m | -790,124 | -384,474 | -2.0m | -1.9m | -1.9m | -1.8m | -1.9m | -1.7m | -823,344 | -2.5m | -1.6m | -1.5m | -1.3m | ||
| 10.9% | 3.3% | 0.0% | -2.0% | 1.3% | 7.7% | 10.7% | 13.3% | 19.9% | 21.7% | 22.4% | 24.2% | 23.9% | -14.1% | -11.9% | -12.9% | -21.8% | -16.2% | -9.9% | ||
| 0.43 | 0.58 | 0.34 | 0.42 | 0.38 | 0.39 | 0.53 | 0.74 | 0.37 | 0.41 | 0.41 | 0.45 | 0.38 | 0.40 | 0.50 | 0.02 | 0.00 | 0.05 | 0.01 | ||
| 8.18 | 29.04 | - | - | 73.50 | 11.99 | 8.34 | 6.52 | 4.02 | 3.61 | 3.46 | 3.13 | 3.19 | - | - | - | - | - | - | ||
| 61.3% | 99.0% | - | - | -512.6% | -38.4% | -30.8% | -35.2% | -11.4% | -5.8% | -11.1% | -8.8% | -10.0% | - | - | - | - | - | - | ||
| 6.7% | 3.3% | 2.1% | -3.4% | -6.9% | -3.0% | -3.3% | -4.7% | -2.3% | -1.3% | -2.5% | -2.1% | -2.4% | -5.1% | -2.1% | 0.1% | -5.6% | -7.7% | -15.1% | ||
| 6.63 | 3.74 | 2.84 | 3.60 | 1.89 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €2.0m | €2.4m | €2.8m | €2.8m | €3.1m |
| €145,000 | - | - | - | - | |
| Carrying value of the mortgaged assets | €4.3m | €4.4m | €4.6m | €4.4m | €4.8m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €23,100 | €329,622 | - | - |
| €110,758 | €156,866 | €143,995 | €437,239 | €492,257 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BRAINACTIVITY
The operating result for 2025 is 23% higher than in 2024 and the highest since 2007. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 96.7% to 89.1%. Equity is higher and debt is lower.
Large changes and their cause
- 2025 Net result +60% on 2024. The accounts now follow the full format, last year the micro format.
Board & ownership
Board
2 directors, last change in 2019Director (not named in the articles), permanent representative Dominique JANNE
since 20-11-2006
term until 17-12-2026
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 31-08-2026
2 other companies judicially dissolvedDirector (not named in the articles)
since 14-12-2017
6-year term from 2021
listed in the 2025 annual accounts, filed on 31-08-2026
Permanent representatives 1
Permanent representative, for NOVO BELGIUM HOLDING
in office according to the deed of 22-10-2020
Mandates through the years
3 names, the dashed line is todayBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
- NOVO BELGIUM HOLDING
- Director, from 20-11-2006 to date
- Managing director, from before 21-04-2019, last mentioned in 2020
- JANNE Eamon
- Director, from 14-12-2017 to date
- JANNE Dominique
- Director, until 16-12-2019
- Managing director, until 16-12-2019
Control
Parent
Equity €50.6m
Profit €79,498 in 2025 (loss €1.1m in 2024)
99.21%
This company
BRAINACTIVITY
Equity €634,497
Profit €388,686 in 2025
Capital
- Capital
- €950,000
- Shares
- 126
- Contribution per share
- €7,540
- Equity per share
- €5,036 in 2025
- Source
- deed of 15-01-2021
Owners through the years
as the annual accounts name themOwners as a list
- NOVO BELGIUM HOLDING
Source: lists of holdings in the owners' accounts
Articles of association
deed of 15-01-2021 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors“6 ans”
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 15-01-2021 ↗
- JANNE Dominique André Joseph Albert 1 share
- NOVO BELGIUM HOLDING SA 125 shares
Capital over time
- 15-01-2021 Capital stated in the deed · €950,000 · 126 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off2 other companies of this director were judicially dissolved (2020, 2022).
- LE BAR A BILLES judicial dissolution on 15-12-2022Official Gazetteappointed in 2020, still in office
- VIRTUALIS judicial dissolution on 23-03-2020Official Gazetteappointed in 2024, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
Holdings
own 2011 accountsThis companyBRAINACTIVITY1 holding, 1 country
2011 accounts
Belgium 1 Equity Result
- BE FLAG IMMO99%no longer active €11,986 result -€11,153
Source: list of holdings in its own 2011 accounts. Every holding stands with its own latest accounts.
Part of the group NOVO BELGIUM HOLDING Group, risk and exposureParent
NOVO BELGIUM HOLDING
0864.454.892 · 99.21% of the shares · equity €50.6m · profit €79,498 (2025)
At the same address
Eugène Flageyplein 7, 1050 Ixelles · 90 other companies| PRESS SHOP AND MORE
establishment since 01-09-2024 · founded in 1930 · group bpost |
127 FTE (2025) 0403.517.327 |
| NOVO BELGIUM HOLDING
registered office since 01-04-2004 · founded in 2004 |
total assets €63.7m (2025) 0864.454.892 |
| FLAGEY
registered office since 15-05-1987 · founded in 1987 · group NOVO BELGIUM HOLDING |
total assets €10.9m (2025) 0431.093.437 |
| K-BOT
registered office since 29-10-2012 · founded in 2012 · group NOVO BELGIUM HOLDING |
total assets €7.9m (2025) 0849.987.739 |
| REGINA 5
establishment since 09-04-2014 · founded in 2014 |
total assets €5.6m (2025) 0550.489.054 |
| ME WE Project
registered office since 04-11-1994 · founded in 1994 · negative equity (2025) · group NOVO BELGIUM HOLDING |
total assets €5.3m (2025) 0453.571.406 |
| PREGO SHOP
establishment since 10-07-2023 · founded in 2022 · negative equity (2025) |
49 FTE (2025) 0792.914.028 |
| WAVRE 1608
registered office since 01-07-2002 · founded in 2002 |
total assets €4.0m (2025) 0477.226.736 |
| BUREAU BAS SMETS
registered office since 01-10-2018 · founded in 2008 |
total assets €3.4m (2025) 0808.532.315 |
| K2
registered office since 23-10-1990 · founded in 1990 · negative equity (2025) |
total assets €2.9m (2025) 0441.727.112 |
Holdings through the years
2008 to 2011Board mandates elsewhere
1 board mandateBoard mandates of BRAINACTIVITYBRAINACTIVITY sits on their board1
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
K2
Founded in 1990 · total assets €2.9m (2025) · negative equity
→
VIRTUALIS
via NOVO BELGIUM HOLDING · Director · deed of 18-03-2024
Founded in 2008 · total assets €86,920 (2025) · negative equity · group NOVO BELGIUM HOLDING
→
Timeline
Timeline
32 events since 2006Board
Filings
Financial
Establishments
Address
20062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBfull format · 31 days late
2025
Highest result from 2007 to 2025 net €388,686 ▲59.7% The operating result of €472,278 and the net result of €388,686 are both a record.
Annual accounts 2024 filed PDFmicro format · 61 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0885174389
2024
Annual accounts 2023 filed PDFmicro format · 75 days late
2023
Back to profit net €116,811 The net result is €116,811, after 12 loss-making years.
Annual accounts 2022 filed PDFfull format · 31 days late
Annual accounts 2021 filed PDFfull format · 313 days late
Registered office moved from Bruxelies to IxellesNew registered office: Place Eugène Flagey 7, 1050 Ixelles · Previous registered office: place Eugène Flagey 27, 1050 Bruxelies · Registered office clause: Place Eugène Flagey 27, 1050 Ixelles · General meeting of 05-11-20223 points ▸
- General meeting, 05-11-2022
- Registered-office move, Place Eugène Flagey 7, 1050 Ixelles
- Registered office clause, Place Eugène Flagey 27, 1050 Ixelles
2021
Weakest financial year net -€397,598 The net result drops to -€397,598, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFfull format · 122 days late
Reappointments: JANNE Eamon (director) and NOVO BELGIUM HOLDING SA (director)“La gestion et l'exploitation de cafés, cafétarias, restaurants, snack-bars, fastfood snack; L'achat, la vente…” (deed in French) · JANNE Dominique André Joseph Albert holds 1 share · NOVO BELGIUM HOLDING SA holds 125 shares · General meeting of 17-12-202010 points ▸
- General meeting, 17-12-2020
- JANNE Dominique André Joseph Albert holds 1 share
- NOVO BELGIUM HOLDING SA holds 125 shares
- Purpose change, “La gestion et l'exploitation de cafés, cafétarias, restaurants, snack-bars, fastfood snack; L'achat, la vente ou la mise en location de tous équipements et…” (deed in French)
- Capital, €950,000, 126 shares
- Director reappointment, JANNE Eamon (director (not named in the articles))
- Director reappointment, NOVO BELGIUM HOLDING SA (director (not named in the articles))
- Director discharge, JANNE Eamon
- Director discharge, NOVO BELGIUM HOLDING SA
- Registered office clause, Place Eugène Flagey 27, 1050 Ixelles
- The deed holds 15 more points.
2020
- General meeting, 01-06-2020
- Permanent representative, Dominique JANNE, mentioned twice in the deed
2 directors reappointedEamon JANNE and NOVO BELGIUM HOLDING SA (managing director) · Permanent representative: Dominique JANNE · General meeting of 21-04-20196 points ▸
- General meeting, 21-04-2019
- Director reappointment, Eamon JANNE
- Director reappointment, NOVO BELGIUM HOLDING SA
- Board meeting, 21-04-2019
- Director reappointment, NOVO BELGIUM HOLDING SA (managing director)
- Permanent representative, Dominique JANNE
Annual accounts 2019 filed PDFfull format · 76 days late
Registered office moved from Ixelles to BruxeliesNew registered office: place Eugène Flagey 27, 1050 Bruxelies · Previous registered office: Place Eugène Flagey 7- 1050 Ixelles · Resignation: Dominique JANNE (managing director) · General meeting of 16-12-20197 points ▸
- General meeting, 16-12-2019
- Director resignation, Dominique JANNE
- Registered-office move, place Eugène Flagey 27, 1050 Bruxelies
- Board meeting, 16-12-2019
- Director resignation, Dominique JANNE (managing director)
- Director discharge, Dominique JANNE (managing director)
- Permanent representative, Dominique JANNE
2019
Annual accounts 2018 filed PDFfull format · 56 days late
2018
Annual accounts 2017 filed PDFfull format · 31 days late
2017
Annual accounts 2016 filed PDFfull format · 30 days late
2016
Annual accounts 2015 filed PDFfull format · 31 days late
2015
Annual accounts 2014 filed PDFfull format · 61 days late
2014
Annual accounts 2013 filed PDFfull format · 29 days late
2013
Equity above €1m equity €1.5m Equity rises from -€560,645 to €1.5m.
Annual accounts 2012 filed PDFfull format · 98 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 85 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 83 days before the deadline
2010
Back to profit net €1,396 The net result is €1,396, after 3 loss-making years.
Annual accounts 2009 filed PDFfull format · 44 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 17 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 84 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0885.174.389
- VAT number
- BE 0885.174.389
- Peppol ID
- 0208:0885174389
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 23-11-2006
- Financial year
- ends on 31 December
- Peppol
- Reachable since 14-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BRAINACTIVITY in French
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Place Eugène Flagey 27, 1050 Ixelles”deed of 15-01-2021 (in French)
Activities
NACEBEL 202559111
Production of cinema films main activity
Codes under NACEBEL 2008
59111
Production of cinema films main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'achat, la vente, la transformation, l'aménagement, la rénovation, la mise e valeur et la gestion pour le compte de tiers ou de la société…”deed of 15-01-2021 (in French)
11 activities
- L'achat, la vente, la transformation, l'aménagement, la rénovation, la mise e valeur et la gestion pour le compte de tiers ou de la société de tous les bien immobiliers tant en Belgique qu'à l'étranger
- Le placement en toutes valeurs mobilières telles que dépôt à terme, bons de caisse, obligations, actions
- La prise de participations dans toutes associations, sociétés, entreprises ayant un objet similaire ou connexe
- L'achat en vue de la vente de tous biens immeubles, l'activité de courtier en vente et location d'immeubles, immobilier, la mise en valeur de tous immeubles et lotissement pour compte propre ou pour compte de tiers
- La société a également pour objet, en Belgique et à tiers, toutes opérations se rapportant à la production, la réalisation cinématographique et de télévision, de radiodiffusion et de toutes autres techniques audiovisuelles et autre en rapport avec cet art, ainsi que les publications, éditions, conférences, réunions, séminaires et tous moyens que la société jugera utiles
- La gestion et l'exploitation de cafés, cafétarias, restaurants, snack-bars, fastfood snack
- L'achat, la vente ou la mise en location de tous équipements et matières premières relatifs à la restauration, aínsi que la conception, la réalisation et la décoration de tous lieux exploités comme restaurants, y compris la conception et réalisation des équipements nécessaires
- Toutes opérations de conseils et de formations nécessaires relatives à la préparation des aliments, à l'administration de restaurants et aux techniques d'approvisionnement des points d'exploitation que la société pourrait acquérir directement ou en association avec d'autres
- Le commerce sous toutes ses formes, l'importation, l'exportation, la représentation de toutes nourritures, bières, vins, eaux minérales et gazeuses, crèmes glacées, ainsi que toutes alimentations et boissons que la société pourra vendre et acheter, soit directement, soit indirectement
- Toutes opérations relatives à l'achat ou à la vente, la location, l'exploitation, la gestion ou l'administration, la mise en < franchise > de tous restaurants ou points d'exploitation qu'elle aura acquis directement ou en association avec d'autres, dont l'objet serait analogue ou connexe au sien, ou de nature à favoriser le développement de son objet social
- Elle pourra réaliser son objet en tous lieux, de toutes les manières et suivant les modalités qui paraitront les mieux adaptées.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Eugène Flageyplein 7 registered office 1050 Ixelles | ||
| Eugène Flageyplein 27 1050 Ixelles 68110 Buying and selling of own real estate | 23-11-2006 | 2.316.245.875 |
1 former office
- Place Eugène Flagey 7, 1050 Ixelles until 01-02-2020 · deed of 27-04-2020
Buildings and parcels at the addresses
- Ground area
- 902 m²
- Buildings
- 676 m²
- Volume, LiDAR
- 15,938 m³
- Tallest building
- 36.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21443A0271/00A002 | 454 m² | 1 · 445 m² | 36.4 m · 11 |
| 21443A0230/00A002 | 448 m² | 1 · 231 m² | 30.5 m · 9 |