Brainbox
ActiveSummary
Brainbox has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €634,732 and a net result of €137,402. Equity is growing by about 12% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€137,402▲ 41.3%
2024 · €97,246
Working capital
-€73,601▲ 54.0%
2024 · -€159,927
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 38% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.5m
2025
Equity€0.6m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.07m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.4
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.09m-€0.2m▲ 130%€0.3m▲ 18.8%€0.3m▲ 12.8%€0.2m▼ 48.0%€0.1m▼ 27.7%€0.2m▲ 38.2%
Net result€0.1m-€0.2m▲ 143%€0.2m▲ 4.1%€0.2m▼ 7.4%€0.1m▼ 35.5%€0.1m▼ 33.6%€0.1m▲ 41.3%
Equity€0.1m-€0.3m▲ 214%€0.6m▲ 71.1%€0.6m▲ 13.8%€0.6m▼ 0.3%€0.6m▼ 1.2%€0.6m▼ 0.9%
Total assets€1.6m-€1.7m▲ 3.7%€1.7m▲ 3.4%€2.0m▲ 18.2%€1.8m▼ 11.9%€1.6m▼ 13.2%€1.5m▼ 0.6%
Debt€1.5m-€1.3m▼ 12.2%€1.1m▼ 12.3%€1.4m▲ 20.4%€1.1m▼ 17.3%€0.9m▼ 20.1%€0.9m▼ 0.4%
Working capital-€0.4m--€0.2m▲ 53.1%-€0.02m▲ 86.2%-€0.002m▲ 93.7%-€0.1m▼ 6,763%-€0.2m▼ 50.6%-€0.07m▲ 54.0%
Staff (FTE)3.8-3.2▼ 15.8%4.1▲ 28.1%4.8▲ 17.1%4.9▲ 2.1%4.3▼ 12.2%3.4▼ 20.9%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€708,333 ▼ 11.5%
Current assets
€834,771 ▲ 11.0%
Equity and liabilities €1.5m
Equity
€634,732 ▼ 0.9%
Debt
€908,371 ▼ 0.4%
Debt's share of the balance-sheet total rises from 58.7% to 58.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€245,276▲
2024 · €207,892
Cash flow
€230,614▲
2024 · €195,137
Current ratio
0.92▲
2024 · 0.82
Quick ratio
0.62▲
2024 · 0.45
Debt to equity
1.43▲
2024 · 1.42
ROE
21.6%▲
2024 · 15.2%
ROA
8.9%▲
2024 · 6.3%
Interest coverage
31.75▲
2024 · 12.16
Debt ≤ 1 year
€908,371▼
2024 · €911,860
Income taxes
€46,259▲
2024 · €35,698
Staff costs
€149,983▼
2024 · €229,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €212,783 | €238,044 | €229,873 | €149,983 | ▼ 34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,067 | €91,619 | €89,800 | €91,419 | €95,214 | €97,890 | €93,212 | ▼ 4.8% |
| Other operating charges640/8 | - | - | - | €20,113 | €21,046 | €21,968 | €22,801 | ▲ 3.8% |
| Non-recurring operating charges66A | - | - | - | €0 | €10,001 | €464 | €1,552 | ▲ 234% |
| Gross operating margin9900 | €386,583 | €472,156 | €518,140 | €616,849 | €516,381 | €460,197 | €419,611 | ▼ 8.8% |
| Operating profit (loss)9901 | €94,905 | €218,368 | €259,389 | €292,534 | €152,077 | €110,002 | €152,064 | ▲ 38.2% |
| Financial income75/76B | - | - | - | €51,891 | €53,151 | €40,040 | €39,321 | ▼ 1.8% |
| Recurring financial income75 | €45,054 | €51,402 | €55,836 | €51,891 | €53,151 | €40,040 | €39,321 | ▼ 1.8% |
| Financial charges65/66B | - | - | - | €20,602 | €18,159 | €17,098 | €7,725 | ▼ 54.8% |
| Recurring financial charges65 | €42,700 | €33,876 | €26,689 | €20,602 | €18,159 | €17,098 | €7,725 | ▼ 54.8% |
| Profit (loss) for the period before taxes9903 | €97,259 | €235,893 | €288,537 | €323,823 | €187,069 | €132,944 | €183,661 | ▲ 38.1% |
| Income taxes67/77 | €334 | €350 | €43,333 | €96,748 | €40,691 | €35,698 | €46,259 | ▲ 29.6% |
| Profit (loss) for the period9904 | €96,925 | €235,543 | €245,204 | €227,075 | €146,377 | €97,246 | €137,402 | ▲ 41.3% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €8,430 | - | - |
| Profit (loss) for the period to be appropriated9905 | €96,925 | €235,543 | €245,204 | €227,075 | €146,377 | €105,676 | €137,402 | ▲ 30.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.6m | €1.7m | €1.7m | €2.0m | €1.8m | €1.6m | €1.5m | ▼ 0.6% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 11.5% |
| Intangible fixed assets21 | €0.03m | €0.01m | €0.02m | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 41.2% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.7m | ▼ 10.4% |
| Land and buildings22 | - | - | - | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 10.0% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.007m | €0.003m | ▼ 47.8% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.004m | €0.005m | €0.003m | ▼ 23.2% |
| Current assets29/58 | €0.5m | €0.6m | €0.8m | €1.1m | €0.9m | €0.8m | €0.8m | ▲ 11.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.05m | €0.06m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.05m | €0.06m | - | - | - |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 20.8% |
| Stocks30/36 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 20.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.07m | €0.05m | €0.2m | €0.09m | €0.06m | ▼ 34.1% |
| Trade receivables40 | - | - | - | €0.04m | €0.1m | €0.07m | €0.05m | ▼ 16.4% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.08m | €0.03m | €0.007m | ▼ 74.3% |
| Current investments50/53 | €0.2m | €0.2m | €0.3m | €0.4m | €0.2m | €0.07m | €0.1m | ▲ 84.2% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.04m | €0.02m | €0.03m | €0.1m | €0.3m | ▲ 91.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.05m | €0.1m | €0.09m | ▼ 5.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €1.7m | €2.0m | €1.8m | €1.6m | €1.5m | ▼ 0.6% |
| Equity10/15 | €0.1m | €0.3m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.9% |
| Contributions10/11 | €0.03m | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | - | - | €0.5m | €0.5m | = |
| Financial assistance1313 | - | - | - | - | - | €0.5m | €0.5m | = |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | - | - | - |
| Profit (loss) carried forward14 | -€0.4m | -€0.1m | €0.1m | €0.005m | €0.01m | €253 | €0.003m | ▲ 949% |
| Investment grants15 | - | - | - | €0.09m | €0.08m | €0.07m | €0.06m | ▼ 11.3% |
| Provisions and deferred taxes16 | €0.006m | €0.02m | - | - | - | - | - | - |
| Amounts payable17/49 | €1.5m | €1.3m | €1.1m | €1.4m | €1.1m | €0.9m | €0.9m | ▼ 0.4% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.4m | €0.2m | €0.1m | - | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | - | - | - |
| Amounts payable within one year42/48 | €0.9m | €0.8m | €0.8m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | - | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 25.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 25.9% |
| Advances received on contracts in progress46 | - | - | - | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 9.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.04m | €0.05m | €0.03m | ▼ 39.9% |
| Taxes450/3 | - | - | - | €0.07m | €0.005m | €0.03m | €0.009m | ▼ 66.9% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.04m | €0.02m | €0.02m | ▼ 6.2% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 38.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,925 | €235,543 | €245,204 | €227,075 | €146,377 | €97,246 | €137,402 | ▲ 41.3% |
| + Depreciation and write-downs630 | €108,067 | €91,619 | €89,800 | €91,419 | €95,214 | €97,890 | €93,212 | ▼ 4.8% |
| Operating cash flow (approximation) | €204,992 | €327,162 | €335,004 | €318,495 | €241,591 | €195,137 | €230,614 | ▲ 18.2% |
| Investment in fixed assets (approximation) | - | €6,671 | -€34,206 | -€40,118 | -€49,475 | -€32,509 | -€1,223 | ▲ 96.2% |
| Change in cash | - | -€2,962 | €25,634 | -€21,296 | €9,440 | €120,316 | €133,820 | ▲ 11.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 18-03-2026 | 2026-00057523 |
| 30-09-2024 | full format | 03-04-2025 | 2025-00063107 |
| 30-09-2023 | full format | 11-03-2024 | 2024-00043515 |
| 30-09-2022 | full format | 13-03-2023 | 2023-00041201 |
| 30-09-2021 | full format | 15-02-2022 | 2022-05800130 |
| 30-09-2020 | full format | 19-03-2021 | 2021-08000276 |
| 30-09-2019 | full format | 12-02-2020 | 2020-05000196 |
| 30-09-2018 | full format | 02-04-2019 | 2019-09200158 |
| 30-09-2017 | full format | 16-03-2018 | 2018-07000224 |
| 30-09-2016 | full format | 14-03-2017 | 2017-06200373 |
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Of the 15,149 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,362. 4,098 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.