BrainCake
ActiveSummary
BrainCake has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €-13k. Equity is shrinking by ~16.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 75% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.41 against 55.9 in 2023; short-term debt: 20.3% and cash: 87.6% of total assets), and 20.3% of the assets are financed with debt.
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Signals
Five 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 →
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
79.7%
Return on assets
-38.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-13k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
33 d early
2022
28 d early
2021
27 d early
2020
33 d early
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€26k▼ 40.4%
2023 · €43k
Total assets
€32k▼ 26.5%
2023 · €44k
Net result
€-13k▲ 41.4%
2023 · €-21k
Working capital
€22k▼ 43.2%
2023 · €39k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53k€34k▼ 36.4%€-57k€-21k▲ 62.4%€-13k▲ 41.3%
Net result€43k€23k▼ 46.0%€-58k€-21k▲ 62.8%€-13k▲ 41.4%
Equity€140k▲ 44.4%€133k▼ 4.9%€65k▼ 51.3%€43k▼ 33.0%€26k▼ 40.4%
Total assets€150k▲ 40.3%€145k▼ 3.4%€67k▼ 53.5%€44k▼ 34.4%€32k▼ 26.5%
Debt€10k▲ 0.5%€12k▲ 17.7%€2k▼ 78.9%€717▼ 71.1%€7k▲ 815%
Working capital€140k▲ 44.4%€128k▼ 8.5%€60k▼ 52.9%€39k▼ 34.6%€22k▼ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €21k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32k
Fixed assets
€3k ▼ 13.4%
Current assets
€29k ▼ 27.8%
Equity and liabilities €32k
Equity
€26k ▼ 40.4%
Debt
€7k ▲ 815%
Debt's share of the balance-sheet total rises from 1.6% to 20.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-12k▲
2023 · €-21k
Cash flow
€-12k▲
2023 · €-21k
Current ratio
4.41▼
2023 · 55.90
Debt to equity
0.25▲
2023 · 0.02
ROE
-48.5%▲
2023 · -49.3%
ROA
-38.7%▲
2023 · -48.5%
Interest coverage
-179.00▲
2023 · -250.85
Debt ≤ 1 year
€7k▲
2023 · €717
Income taxes
€30▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €288 | €535 | €535 | €535 | = |
| Other operating charges640/8 | - | €542 | €544 | €497 | €499 | ▲ 0.4% |
| Gross operating margin9900 | €53k | €34k | €-56k | €-20k | €-12k | ▲ 43.4% |
| Operating profit (loss)9901 | €53k | €34k | €-57k | €-21k | €-13k | ▲ 41.3% |
| Financial income75/76B | - | €3 | - | €100 | €125 | ▲ 24.5% |
| Recurring financial income75 | €22 | €3 | - | €100 | €125 | ▲ 24.5% |
| Financial charges65/66B | - | €887 | €583 | €83 | €67 | ▼ 19.2% |
| Recurring financial charges65 | €1k | €887 | €583 | €83 | €67 | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €52k | €33k | €-58k | €-21k | €-12k | ▲ 41.5% |
| Income taxes67/77 | €9k | €10k | - | €0 | €30 | ▲ 301,300% |
| Profit (loss) for the period9904 | €43k | €23k | €-58k | €-21k | €-13k | ▲ 41.4% |
| Profit (loss) for the period to be appropriated9905 | €43k | €23k | €-58k | €-21k | €-13k | ▲ 41.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150k | €145k | €67k | €44k | €32k | ▼ 26.5% |
| Fixed assets21/28 | - | €5k | €5k | €4k | €3k | ▼ 13.4% |
| Tangible fixed assets22/27 | - | €5k | €5k | €4k | €3k | ▼ 13.4% |
| Other tangible fixed assets26 | - | €5k | €5k | €4k | €3k | ▼ 13.4% |
| Current assets29/58 | €150k | €139k | €63k | €40k | €29k | ▼ 27.8% |
| Amounts receivable within one year40/41 | €11k | €1k | €11k | €8k | €546 | ▼ 92.8% |
| Trade receivables40 | - | €139 | €3k | - | - | - |
| Other amounts receivable41 | - | €1k | €8k | €8k | €546 | ▼ 92.8% |
| Cash at bank and in hand54/58 | €138k | €131k | €52k | €32k | €28k | ▼ 12.6% |
| Deferred charges and accrued income490/1 | - | €7k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150k | €145k | €67k | €44k | €32k | ▼ 26.5% |
| Equity10/15 | €140k | €133k | €65k | €43k | €26k | ▼ 40.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €14k | ▼ 26.9% |
| Reserves13 | €121k | €114k | €104k | €104k | €103k | ▼ 0.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €112k | €102k | €102k | €103k | ▲ 1.2% |
| Profit (loss) carried forward14 | - | - | €-58k | €-79k | €-91k | ▼ 15.1% |
| Amounts payable17/49 | €10k | €12k | €2k | €717 | €7k | ▲ 815% |
| Amounts payable within one year42/48 | €10k | €12k | €2k | €717 | €7k | ▲ 815% |
| Trade debts44 | - | €10k | €237 | €697 | €1k | ▲ 73.6% |
| Suppliers440/4 | - | €10k | €237 | €697 | €1k | ▲ 73.6% |
| Taxes, remuneration and social security45 | - | €2k | €2k | - | - | - |
| Taxes450/3 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | - | €47 | €194 | €20 | €5k | ▲ 27,135% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €23k | €-58k | €-21k | €-13k | ▲ 41.4% |
| + Depreciation and write-downs630 | - | €288 | €535 | €535 | €535 | = |
| Operating cash flow (approximation) | €43k | €23k | €-57k | €-21k | €-12k | ▲ 42.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €-8k | €-79k | €-20k | €-4k | ▲ 79.3% |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 55.90
Current ratio from 25.28 to 55.90; short-term debt falls from €2k to €717.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 25.28
Current ratio from 11.89 to 25.28; short-term debt falls from €12k to €2k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Equity above €100kEq €140k ▲44.4%
Equity rises from €97k to €140k.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Heusden-Zolder · 1 establishment unit since 2012
Ground area
1,923 m²
Building footprint
247 m²
Volume, LiDAR
1,012 m³
Parcel 71462C0068/00S003, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRAINCAKE
since 20122.206.516.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462C0068/00S003 | Flanders | 1,923 m² | 1 · 247 m² | 6.4 m · 1 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 33,176 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
Founded13-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
info@braincake.beHeusden-Zolder
Scores and ratios are computed by Checked and are not a credit decision.