BrainBugs
ActiveSummary
BrainBugs has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €16k. Its solvency ranks better than 49% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+59
Solvency70▲+39
Growth78
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.16 in 2024; short-term debt: 41.3% and cash: 25.9% of total assets), but 55% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45%
Return on assets
42.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
98 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, abbreviated schema
Equity
€17k▲ 1,926%
2024 · €816
2024: €816
2025: €17k▲ +1926% vs 2024
2024 → 2025
Total assets
€37k▲ 187%
2024 · €13k
2024: €13k
2025: €37k▲ +187% vs 2024
2024 → 2025
Net result
€16k
2024 · €-6k
2024: €-6k
2025: €16k▲ +354% vs 2024
2024 → 2025
Working capital
€18k▲ 1,155%
2024 · €1k
2024: €1k
2025: €18k▲ +1155% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€816-€17k▲ 1,926%
2024: €816
2025: €17k▲ +1926% vs 2024
Operating result€-6k-€23k
2024: €-6k
2025: €23k▲ +487% vs 2024
Net result€-6k-€16k
2024: €-6k
2025: €16k▲ +354% vs 2024
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 returns to profit in 2025: €23k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€3k ▲ 46.1%
Current assets
€34k ▲ 214%
Equity and liabilities €37k
Equity
€17k ▲ 1,926%
Debt
€20k ▲ 68.2%
Debt's share of the balance-sheet total falls from 93.6% to 55.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €1k
Cash flow
€17k▲
2024 · €734
Current ratio
2.21▲
2024 · 1.16
Debt to equity
1.22
ROE
95.1%
ROA
42.8%▲
2024 · -48.3%
Interest coverage
280.44▲
2024 · 4.96
Debt ≤ 1 year
€15k▲
2024 · €9k
Debt > 1 year
€5k▲
2024 · €3k
Income taxes
€7k▲
2024 · €264
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€37k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€124€12▼
Furniture and vehicles24€2k€3k▲
Financial fixed assets28€60€60=
Current assets29/58€11k€34k▲
Amounts receivable within one year40/41€4k€23k▲
Trade receivables40€4k€22k▲
Other amounts receivable41-€360
Cash at bank and in hand54/58€6k€10k▲
Deferred charges and accrued income490/1€604€1k▲
Equity and liabilities
Total equity and liabilities10/49€13k€37k▲
Equity10/15€816€17k▲
Contributions10/11€7k€7k=
Outside capital11€7k€7k=
Other1109/19€7k€7k=
Reserves13-€16k
Distributable reserves133-€16k
Profit (loss) carried forward14€-6k€-6k=
Amounts payable17/49€12k€20k▲
Amounts payable after more than one year17€3k€5k▲
Financial debts170/4€3k€5k▲
Amounts payable within one year42/48€9k€15k▲
Current portion of amounts payable after more than one year42€4k€3k▼
Trade debts44€177€242▲
Suppliers440/4€177€242▲
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€10k▲
Other amounts payable47/48€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€100-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Other operating charges640/8€101€210▲
Gross operating margin9900€1k€24k▲
Operating profit (loss)9901€-6k€23k▲
Financial income75/76B€151€5▼
Recurring financial income75€151€5▼
Financial charges65/66B€214€87▼
Recurring financial charges65€214€87▼
Profit (loss) for the period before taxes9903€-6k€23k▲
Income taxes67/77€264€7k▲
Profit (loss) for the period9904€-6k€16k▲
Profit (loss) for the period to be appropriated9905€-6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€10k▲
Profit (loss) brought forward from the previous period14P-€-6k
Transfer to equity691/2-€16k
To other reserves6921-€16k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €100 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €2k | ▼ 76.4% |
| Other operating charges640/8 | €101 | €210 | ▲ 108% |
| Gross operating margin9900 | €1k | €24k | ▲ 1,841% |
| Operating profit (loss)9901 | €-6k | €23k | ▲ 487% |
| Financial income75/76B | €151 | €5 | ▼ 96.7% |
| Recurring financial income75 | €151 | €5 | ▼ 96.7% |
| Financial charges65/66B | €214 | €87 | ▼ 59.5% |
| Recurring financial charges65 | €214 | €87 | ▼ 59.5% |
| Profit (loss) for the period before taxes9903 | €-6k | €23k | ▲ 481% |
| Income taxes67/77 | €264 | €7k | ▲ 2,495% |
| Profit (loss) for the period9904 | €-6k | €16k | ▲ 354% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €16k | ▲ 354% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13k | €37k | ▲ 187% |
| Fixed assets21/28 | €2k | €3k | ▲ 46.1% |
| Tangible fixed assets22/27 | €2k | €3k | ▲ 47.4% |
| Plant, machinery and equipment23 | €124 | €12 | ▼ 90.1% |
| Furniture and vehicles24 | €2k | €3k | ▲ 56.3% |
| Financial fixed assets28 | €60 | €60 | = |
| Current assets29/58 | €11k | €34k | ▲ 214% |
| Amounts receivable within one year40/41 | €4k | €23k | ▲ 513% |
| Trade receivables40 | €4k | €22k | ▲ 504% |
| Other amounts receivable41 | - | €360 | - |
| Cash at bank and in hand54/58 | €6k | €10k | ▲ 49.5% |
| Deferred charges and accrued income490/1 | €604 | €1k | ▲ 115% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13k | €37k | ▲ 187% |
| Equity10/15 | €816 | €17k | ▲ 1,926% |
| Contributions10/11 | €7k | €7k | = |
| Outside capital11 | €7k | €7k | = |
| Other1109/19 | €7k | €7k | = |
| Reserves13 | - | €16k | - |
| Distributable reserves133 | - | €16k | - |
| Profit (loss) carried forward14 | €-6k | €-6k | = |
| Amounts payable17/49 | €12k | €20k | ▲ 68.2% |
| Amounts payable after more than one year17 | €3k | €5k | ▲ 80.0% |
| Financial debts170/4 | €3k | €5k | ▲ 80.0% |
| Amounts payable within one year42/48 | €9k | €15k | ▲ 64.6% |
| Current portion of amounts payable after more than one year42 | €4k | €3k | ▼ 33.3% |
| Trade debts44 | €177 | €242 | ▲ 36.2% |
| Suppliers440/4 | €177 | €242 | ▲ 36.2% |
| Taxes, remuneration and social security45 | €2k | €10k | ▲ 316% |
| Taxes450/3 | €2k | €10k | ▲ 316% |
| Other amounts payable47/48 | €3k | €3k | ▲ 1.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €16k | ▲ 354% |
| + Depreciation and write-downs630 | €7k | €2k | ▼ 76.4% |
| Operating cash flow (approximation) | €734 | €17k | ▲ 2,263% |
| Investment in fixed assets (approximation) | - | €-3k | - |
| Change in cash | - | €3k | - |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Gent · 1 establishment unit since 2023
Ground area
124 m²
Building footprint
124 m²
Volume, LiDAR
973 m³
Parcel 44816K0574/00N004, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kantoor BrainBugs
since 20232.341.696.301
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0574/00N004 | Flanders | 124 m² | 1 · 124 m² | 10.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 184,264 EUR awarded · 22,375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 94,764 EUR | 8,950 EUR |
| 2024 | 1 | 0 EUR | 13,425 EUR |
| 2023 | 1 | 89,500 EUR | 0 EUR |
Schemes
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,431 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
Founded09-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
58290Other software publishing
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
82990Other business support services
85599Other education
Contact
Scores and ratios are computed by Checked and are not a credit decision.