Brainpower Software Solutions
ActiveSummary
Brainpower Software Solutions has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €339k and a net result of €44k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90=
Solvency100=
Growth70▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 65.39 against 92.21 in 2024; short-term debt: 1.5% and cash: 93.1% of total assets), and 1.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
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
98.5%
Return on assets
12.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
94 d early
2023
99 d early
2022
28 d early
2021
26 d late
2020
31 d late
2019
153 d late
← 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
History
Financials · fiscal year 2025, abbreviated schema
Turnover
€172k▲ 3.2%
2024 · €167k
EBIT margin
35.7%▼ 0.8pp
2024 · 36.5%
Net result
€44k▼ 9.3%
2024 · €48k
Working capital
€333k▼ 12.2%
2024 · €379k
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
Line20212022202320242025
Turnover€137k▲ 1.9%€140k▲ 1.8%€159k▲ 13.4%€167k▲ 5.1%€172k▲ 3.2%
Operating result€56k▲ 21.7%€41k▼ 26.8%€53k▲ 28.2%€61k▲ 15.1%€61k▲ 1.0%
Net result€37k▲ 45.7%€29k▼ 20.5%€36k▲ 22.0%€48k▲ 34.6%€44k▼ 9.3%
EBIT margin41.0%▲ 6.7pp29.5%▼ 11.5pp33.3%▲ 3.9pp36.5%▲ 3.2pp35.7%▼ 0.8pp
Equity€354k▼ 2.9%€351k▼ 0.9%€363k▲ 3.4%€383k▲ 5.6%€339k▼ 11.6%
Total assets€355k▼ 4.7%€353k▼ 0.4%€367k▲ 3.8%€387k▲ 5.5%€344k▼ 11.2%
Debt€850▼ 89.2%€3k▲ 206%€4k▲ 64.2%€4k▼ 2.8%€5k▲ 24.4%
Working capital€350k▼ 2.8%€347k▼ 1.1%€360k▲ 3.8%€379k▲ 5.4%€333k▼ 12.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344k
Fixed assets
€5k ▲ 40.3%
Current assets
€338k ▼ 11.8%
Equity and liabilities €344k
Equity
€339k ▼ 11.6%
Debt
€5k ▲ 24.4%
Debt's share of the balance-sheet total rises from 1.1% to 1.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €63k
Cash flow
€46k▼
2024 · €50k
Current ratio
65.39▼
2024 · 92.21
Debt to equity
0.02▲
2024 · 0.01
ROE
13.0%▲
2024 · 12.6%
ROA
12.8%▲
2024 · 12.5%
Interest coverage
33.33▲
2024 · 27.17
Debt ≤ 1 year
€5k▲
2024 · €4k
Income taxes
€22k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €137k | €140k | €159k | €167k | €172k | ▲ 3.2% |
| Non-recurring operating income76A | - | - | €15k | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €78k | €94k | €114k | €104k | €106k | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €1k | €2k | €2k | ▲ 18.5% |
| Other operating charges640/8 | €2k | €2k | €6k | €2k | €2k | ▲ 7.3% |
| Gross operating margin9900 | €60k | €46k | €60k | €65k | €66k | ▲ 1.7% |
| Operating profit (loss)9901 | €56k | €41k | €53k | €61k | €61k | ▲ 1.0% |
| Financial income75/76B | - | €9 | €0 | €8k | €6k | ▼ 25.4% |
| Recurring financial income75 | - | €9 | €0 | €8k | €6k | ▼ 25.4% |
| Financial charges65/66B | €119 | €113 | €2k | €2k | €2k | ▼ 17.3% |
| Recurring financial charges65 | €119 | €113 | €2k | €2k | €2k | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €56k | €41k | €51k | €67k | €66k | ▼ 1.6% |
| Income taxes67/77 | €19k | €12k | €15k | €18k | €22k | ▲ 18.8% |
| Profit (loss) for the period9904 | €37k | €29k | €36k | €48k | €44k | ▼ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €37k | €29k | €36k | €48k | €44k | ▼ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355k | €353k | €367k | €387k | €344k | ▼ 11.2% |
| Fixed assets21/28 | €4k | €4k | €3k | €4k | €5k | ▲ 40.3% |
| Tangible fixed assets22/27 | €4k | €4k | €3k | €4k | €5k | ▲ 40.8% |
| Land and buildings22 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | €4k | €4k | €3k | €4k | €5k | ▲ 40.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €351k | €349k | €364k | €383k | €338k | ▼ 11.8% |
| Amounts receivable within one year40/41 | €81k | €86k | €69k | €73k | €18k | ▼ 75.1% |
| Trade receivables40 | €11k | €13k | €17k | €18k | €18k | ▲ 1.3% |
| Other amounts receivable41 | €70k | €73k | €51k | €55k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €270k | €263k | €296k | €310k | €320k | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355k | €353k | €367k | €387k | €344k | ▼ 11.2% |
| Equity10/15 | €354k | €351k | €363k | €383k | €339k | ▼ 11.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €6k | €6k | €6k | = |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Reserves13 | €325k | €322k | €334k | €354k | €309k | ▼ 12.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €310k | €307k | €319k | €340k | €295k | ▼ 13.1% |
| Profit (loss) carried forward14 | €23k | €23k | €23k | €23k | €23k | = |
| Amounts payable17/49 | €850 | €3k | €4k | €4k | €5k | ▲ 24.4% |
| Amounts payable within one year42/48 | €850 | €3k | €4k | €4k | €5k | ▲ 24.4% |
| Trade debts44 | €107 | €175 | €1k | €991 | €1k | ▲ 5.0% |
| Suppliers440/4 | €107 | €175 | €1k | €991 | €1k | ▲ 5.0% |
| Taxes, remuneration and social security45 | €743 | €2k | €3k | €3k | €4k | ▲ 30.5% |
| Taxes450/3 | €743 | €2k | €3k | €3k | €4k | ▲ 30.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €29k | €36k | €48k | €44k | ▼ 9.3% |
| + Depreciation and write-downs630 | €2k | €2k | €1k | €2k | €2k | ▲ 18.5% |
| Operating cash flow (approximation) | €39k | €32k | €37k | €50k | €46k | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-3k | €-4k | ▼ 31.2% |
| Change in cash | - | €-7k | €33k | €14k | €10k | ▼ 29.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €48k ▲34.6%
Net result €48k, the highest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Liquidity times 9current ratio 413.12
Current ratio from 46.78 to 413.12; short-term debt falls from €8k to €850.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €25k ▼6.8%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Ichtegem · 1 establishment unit since 2000
Ground area
1,933 m²
Building footprint
351 m²
Volume, LiDAR
1,593 m³
Parcel 35003D0093/00V004, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Aartrijkestraat(EER) 85, 8480 Ichtegem
since 20002.097.170.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003D0093/00V004 | Flanders | 1,933 m² | 1 · 351 m² | 7.2 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 30,002 companies in sector 62200 we hold annual accounts for 18,390. 13,385 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
Founded29-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
brainpower@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.