BRAINMATCH

Active

Private limited companyfounded 201016 yrs activeLouizalaan 87, 1050 Brussel, BelgiumKBO/BCE: BE 0825.684.388

BRAINMATCH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €152k and a net result of €-18k. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

66 / 100

Healthy▲ +26 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency72▼-3

Growth52=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity tight (current ratio 1.28 against 1.25 in 2023), and 56.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

43.3%

Return on assets

-5.2%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2021222324

2020 to 2024 · latest year -€18k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

19 d early

2022

333 d late

2021

31 d late

2020

22 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€152k▼ 10.8%

2023 · €170k

2020: €25k 2021: €126k 2022: €206k 2023: €170k

2020 → 2024

Total assets

€351k▼ 3.9%

2023 · €365k

2020: €142k 2021: €315k 2022: €343k 2023: €365k

2020 → 2024

Net result

€-18k▲ 49.9%

2023 · €-36k

2020: €44k 2021: €100k 2022: €81k 2023: €-36k

2020 → 2024

Working capital

€56k▲ 15.2%

2023 · €49k

2020: €25k 2021: €133k 2022: €122k 2023: €49k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€25k-€126k▲ 395%€206k▲ 64.3%€170k▼ 17.7%€152k▼ 10.8%

Operating result€59k-€127k▲ 117%€117k▼ 7.9%€-35k€-14k▲ 59.0%

Net result€44k-€100k▲ 129%€81k▼ 19.4%€-36k€-18k▲ 49.9%

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 €14k in 2024 against €35k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €351k

27.1%

72.9%

Fixed assets €95k▼ 21.3%

Current assets €255k▲ 4.7%

Equity and liabilities €351k

43.3%

56.7%

Equity €152k▼ 10.8%

Debt €199k▲ 2.0%

The debt ratio rises from 53.4% to 56.7%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€11k▲

2023 · €-15k

Cash flow

€7k▲

2023 · €-17k

Solvency

43.3%▼

2023 · 46.6%

Current ratio

1.28▲

2023 · 1.25

Quick ratio

1.28▲

2023 · 1.25

Debt / equity

1.31▲

2023 · 1.15

ROE

-12.0%▲

2023 · -21.5%

ROA

-5.2%▲

2023 · -10.0%

Interest coverage

15.76▲

2023 · -23.03

Debt

€199k▲

2023 · €195k

Debt ≤ 1 year

€199k▲

2023 · €195k

Income taxes

€3k▲

2023 · €1k

Staff costs

€15k▼

2023 · €117k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€365k€351k▼

Fixed assets21/28€121k€95k▼

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€116k€92k▼

Land and buildings22€9k€8k▼

Furniture and vehicles24€62k€45k▼

Other tangible fixed assets26€45k€39k▼

Financial fixed assets28€116€116=

Current assets29/58€244k€255k▲

Amounts receivable within one year40/41€240k€254k▲

Trade receivables40€230k€254k▲

Other amounts receivable41€10k-

Deferred charges and accrued income490/1€4k€2k▼

Equity and liabilities

Total equity and liabilities10/49€365k€351k▼

Equity10/15€170k€152k▼

Contributions10/11€1k€1k=

Profit (loss) carried forward14€169k€151k▼

Amounts payable17/49€195k€199k▲

Amounts payable within one year42/48€195k€199k▲

Current portion of amounts payable after more than one year42€2k-

Financial debts43€2k€3k▲

Credit institutions430/8€2k€3k▲

Trade debts44€69k€88k▲

Suppliers440/4€69k€88k▲

Taxes, remuneration and social security45€37k€7k▼

Taxes450/3€26k€7k▼

Remuneration and social security454/9€11k-

Other amounts payable47/48€85k€101k▲

Income statement Code20232024

Remuneration, social security and pensions62€117k€15k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€26k▲

Other operating charges640/8€51k€7k▼

Non-recurring operating charges66A€536-

Gross operating margin9900€153k€33k▼

Operating profit (loss)9901€-35k€-14k▲

Financial income75/76B€360-

Recurring financial income75€360-

Financial charges65/66B€668€729▲

Recurring financial charges65€668€729▲

Profit (loss) for the period before taxes9903€-35k€-15k▲

Income taxes67/77€1k€3k▲

Profit (loss) for the period9904€-36k€-18k▲

Profit (loss) for the period to be appropriated9905€-36k€-18k▲

Appropriation of the result

Profit (loss) to be appropriated9906€169k€151k▼

Profit (loss) brought forward from the previous period14P€205k€169k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

12-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

28-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 333 days late

2023

31-12

Financial Weakest financial yearnet €-36k ▼145%

Net result drops to €-36k, the lowest in the series; recovery starts the following year.

2022

31-12

Financial Equity above €200kEq €206k ▲64.3%

3 profitable years in a row build equity to €206k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Highest result since 2020net €100k ▲129%

Operating result €127k, net result €100k, both a record.

31-12

Financial Liquidity doublescurrent ratio 2.44

Current ratio from 1.22 to 2.44; short-term debt falls from €112k to €92k.

31-12

Financial Equity above €100kEq €126k ▲395%

2 profitable years in a row build equity to €126k.

09-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Brussel · 2 establishment units since 2010

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Louizalaan 871050 Brussel

Ground area

1,978 m²

Building footprint

981 m²

Volume, LiDAR

19,871 m³

3 parcels, Brussels, Wallonia · tallest building 33.1 m, ±9 floors. Linked by address, not a title deed.

2 establishment units

BRAINMATCH

Chemin des Vignobles 25, 5000 NamurOrganisation of conventions and trade shows

since 20102.214.408.050

BRAINMATCH

Camille Lemonnierstraat 39, 1050 ElseneOrganisation of conventions and trade shows

since 20122.214.799.317

3 parcels

Wallonia 1 (33.3%) Brussels 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92302E0225/00S000	Wallonia	961 m²	1 · 144 m²	6.8 m · 2 fl.
21807G0022/00W000	Brussels	735 m²	1 · 593 m²	33.1 m · 9 fl.
21447B0313/00P027	Brussels	282 m²	1 · 244 m²	18.5 m · 5 fl.