Turnover
≈ €130,000 estimated
The accounts state no turnover.
BrainBugs
Overview
Lifetime
2 annual accounts with figures on one time axispeak €24,487 (2025)
€24,487▲ 19×
lowest -€6,184 (2024)
€15,703▲ €21,887
peak €16,518 (2025)
€16,518▲ 20×
€20,162▲ 68.2%
Board2 names since 2023
2 directorsALLEGAERT Bram Maurits Lutgarde Omer and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Gross margin from €1,262 to €24,487Back to profit: €15,703Equity from €816 to €16,518Debts from €11,986 to €20,162Cash from €6,359 to €9,507
Key points
from the 2025 annual accountsInvestments
€2,613 1.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.21 was 1.16 in 2024
Short-term debts rose from €9,209 to €15,162.
2025 accounts filed 24 days after the deadline
Checked score
96
Excellent
Financially stronger than 67% of micro companies in computer programming and consultancy (NACE 62)
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 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025highest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.1%▼ -0.5 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
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: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 2.21, cash €9,507
Figures for financial year 2025 (filed on 26-08-2026)
Equity €16,518 (45.0% of total assets)
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 62, micro). It does better than 39% of them on solvency, 46% on liquidity, 82% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 39,278 companies had the same profile as BrainBugs has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BrainBugs itself is lower: < 0.1% within 12 months. It rests on far more data about BrainBugs than the profile alone.
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 39,278 companies, not a prediction for BrainBugs. 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 €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.21 (1.16 in 2024), above the usual 1.5. Short-term debt is 41.3% and cash 25.9% of total assets. However, 55% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
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. 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 · 2 filingsDeviation from the deadline
2025
24 days late
2024
98 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 37 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALLEGAERT Bram Maurits Lutgarde Omer 50 sharesdeed of 13-02-2023
- MOTTAR Lennert 50 sharesdeed of 13-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798288422
Incorporation
Founding capital of €7,000, 100 shares · Founders: ALLEGAERT Bram Maurits Lutgarde Omer and MOTTAR Lennert · Appointments: ALLEGAERT Bram Maurits Lutgarde Omer (director) and MOTTAR Lennert (director) · published on 13-02-2023 · Gazette deed
First establishment
Kantoor BrainBugs, Boerderijstraat 107, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BrainBugs Ghent | €36,681 | €24,487 | 45.0% | - |
| COAL Consultancy Aalst | €43,397 | €24,850 | 47.9% | - |
| Over & Uit Ghent | €33,571 | €29,116 | 99.5% | - |
| ROMAN EMPIRE Lier | €38,766 | €23,818 | 33.4% | - |
| Vercarre Ventures Etterbeek | €40,876 | €23,869 | 68.1% | - |
| ThreatExposure Holsbeek | €35,918 | €24,270 | 62.7% | - |
| BRION PC Somme-Leuze | €41,699 | €25,221 | 39.1% | - |
These companies have the same main activity as BrainBugs: computer programming (NACE 62100). They are comparable in size and age: total assets between €33,600 and €43,400, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 09-02-2023Normal situation
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.341.696.3019000 Ghent, since 09-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €24,487▲ 19×
- €15,703
- €16,518▲ 20×
- €36,681▲ 187%
- Filing
- Filed on 24-08-2026
Insights on BrainBugs
BrainBugs has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,518 and a net result of €15,703.
Its solvency ranks better than 49% of 3,405 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 24-08-2026, 24 days late€24,487
▲ 19×
€22,645
▲ €28,502
€15,703
▲ €21,887
€18,412
▲ 13×
45.0%
▲ 38.7 percentage points
2.21
▲ 1.06
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €63,000 and €240,000.
Balance sheet
balance sheet total €36,681 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
45.0%
Higher than 49% of 3,405 companies in 2025.
2.21
Higher than 56% of 3,266 companies in 2025.
42.8%
Higher than 91% of 3,314 companies in 2025.
BrainBugs
Middle half of the sector
80% of the sector
Abbreviated accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
36,681 | 12,802 | |
21/28 |
3,106 | 2,126 | |
22/27 |
3,046 | 2,066 | |
23 |
12 | 124 | |
24 |
3,034 | 1,942 | |
28 |
60 | 60 | |
29/58 |
33,575 | 10,676 | |
40/41 |
22,770 | 3,713 | |
40 |
22,410 | 3,713 | |
41 |
360 | - | |
54/58 |
9,507 | 6,359 | |
490/1 |
1,297 | 604 | |
| Balance sheet: equity and liabilities | |||
10/49 |
36,681 | 12,802 | |
10/15 |
16,518 | 816 | |
10/11 |
7,000 | 7,000 | |
11 |
7,000 | 7,000 | |
1109/19 |
7,000 | 7,000 | |
13 |
15,703 | - | |
133 |
15,703 | - | |
14 |
-6,184 | -6,184 | |
17/49 |
20,162 | 11,986 | |
17 |
5,000 | 2,777 | |
170/4 |
5,000 | 2,777 | |
42/48 |
15,162 | 9,209 | |
42 |
2,777 | 4,167 | |
44 |
242 | 177 | |
440/4 |
242 | 177 | |
45 |
9,541 | 2,292 | |
450/3 |
9,541 | 2,292 | |
47/48 |
2,603 | 2,573 | |
| Income statement | |||
9900 |
24,487 | 1,262 | |
62 |
- | 100 | |
630 |
1,632 | 6,918 | |
640/8 |
210 | 101 | |
9901 |
22,645 | -5,857 | |
75/76B |
5 | 151 | |
75 |
5 | 151 | |
65/66B |
87 | 214 | |
65 |
87 | 214 | |
9903 |
22,564 | -5,920 | |
67/77 |
6,861 | 264 | |
9904 |
15,703 | -6,184 | |
9905 |
15,703 | -6,184 | |
| Appropriation of the result | |||
9906 |
9,518 | -6,184 | |
14P |
-6,184 | - | |
691/2 |
15,703 | - | |
6921 |
15,703 | - | |
| Document | |||
The notes to these accounts have 6 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 24-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425359.
Subsidies and aid
Flemish government 2023 to 2025, 3 entries, €184,264 awarded, €22,375 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €94,764 | €8,950 |
| 2024 | 1 | €0 | €13,425 |
| 2023 | 1 | €89,500 | €0 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 24,277 | 1,061 | ||
| 17,335 | 734 | ||
| 2,613 | 8,036 | ||
| 3,149 | - | ||
| 18,412 | 1,467 | ||
| 45.0% | 6.4% | ||
| 2.21 | 1.16 | ||
| 1.22 | - | ||
| 95.1% | - | ||
| 42.8% | -48.3% | ||
| over 100 | 4.96 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,613 | €7,976 |
| Financial fixed assets | - | €60 |
| €1,632 | €6,918 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on BrainBugs
The operating result for 2025 is a profit of €22,645, after a loss of €5,857 in 2024.
Debt's share of the balance-sheet total falls from 93.6% to 55.0%. Equity and debt are higher.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 13-02-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 24-08-2026
Director (not named in the articles)
appointed by deed of 13-02-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 24-08-2026
Mandates through the years
2 names, the dashed line is todayALLEGAERT Bram Maurits Lutgarde Omer
Director (not named in the articles)
Director (not named in the articles)
MOTTAR Lennert
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- ALLEGAERT Bram Maurits Lutgarde Omer
- Director (not named in the articles), appointed by deed of 13-02-2023, still in office
- MOTTAR Lennert
- Director (not named in the articles), appointed by deed of 13-02-2023, still in office
Control
This company
BrainBugs
Equity €16,518
Profit €15,703 in 2025
Capital
- Contribution
- €7,000
- Shares
- 100
- Contribution per share
- €70
- Equity per share
- €165 in 2025
- Source
- deed of 13-02-2023
Articles of association
deed of 13-02-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, kunnen hoedanigheid statutair bestuurder hebben indien benoemd in statuten”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 15:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 13-02-2023 ↗
- ALLEGAERT Bram Maurits Lutgarde Omer 50 shares (50%) · €3,500
- MOTTAR Lennert 50 shares (50%) · €3,500
Network & group
No group
BrainBugs has no parent and no holdings in its annual accounts. BrainBugs shares no director with another company.
At the same address
Boerderijstraat 107, 9000 Ghent · 1 other company| Buyle, Jean (sole trader)
establishment since 01-03-1977 |
founded in 2017 0858.683.788 |
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 24 days late
2025
Back to profit net €15,703 The net result is €15,703, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 98 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0798288422
IncorporationFounding capital of €7,000, 100 shares · Founders: ALLEGAERT Bram Maurits Lutgarde Omer and MOTTAR Lennert · Appointments: ALLEGAERT Bram Maurits Lutgarde Omer (director) and MOTTAR Lennert (director) · published on 13-02-20238 points ▸
- Founder, ALLEGAERT Bram Maurits Lutgarde Omer
- Founder, MOTTAR Lennert
- Founding capital, €7,000, 100 shares
- 100 shares
- Registered office clause, Boerderijstraat 107, 9000 Gent
- Board rule, 2
- Director appointment, ALLEGAERT Bram Maurits Lutgarde Omer (director (not named in the articles))
- Director appointment, MOTTAR Lennert (director (not named in the articles))
- The deed holds 5 more points.
First establishment Kantoor BrainBugs, Boerderijstraat 107, Ghent
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
- 0798.288.422
- VAT number
- BE 0798.288.422
- Peppol ID
- 0208:0798288422
- Other Peppol ID
- 9925:BE0798288422
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-02-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 15:00deed of 13-02-2023 (in Dutch)
- Website
- www.brainbugs.be
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BrainBugs in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-02-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-02-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
62100
Computer programming main activity
85599
Other education
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
58290
Publishing activities
62020
IT consultancy
63110
Computing infrastructure, data processing, hosting and other information service activities
82990
Other business support services
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Vervaardiging van elektronische spellen:videospelletjes,schaakspellen,enzomeer; Uitgeverijen van computerspellen; Overige uitgeverijen van…”deed of 13-02-2023 (in Dutch)
10 activities
- Vervaardiging van elektronische spellen:videospelletjes,schaakspellen,enzomeer.
- Uitgeverijen van computerspellen.
- Overige uitgeverijen van software.
- Ontwerpen en programmeren van computerprogramma's.
- Computerconsultancy-activiteiten.
- Beheer van computerfaciliteiten.
- Overige diensten op het gebied van informatietechnologie en computer.
- Gegevensverwerking,webhosting en aanverwante activiteiten.
- Overige zakelijke dienstverlening,niet eerder genoemd.
- Overige vormen van onderwijs.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kantoor BrainBugs registered office Boerderijstraat 107, 9000 Ghent | 09-02-2023 | 2.341.696.301 |
Buildings and parcels at the address
- Ground area
- 124 m²
- Buildings
- 124 m²
- Volume, LiDAR
- 973 m³
- Tallest building
- 10.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44816K0574/00N004 | 124 m² | 1 · 124 m² | 10.6 m · 3 |
Contact
Phone
+32 485 79 56 69
Phone
+32 485 79 56 69 establishment in Gent