BRAINS@WORK · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BRAINS@WORK is 0.5% (very low). The 2024 annual accounts show equity of €3k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 972 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	12-08-2025	12 d late	2025-00370605
31-12-2023	31-07-2024	14-11-2024	106 d late	2024-00600277
31-12-2022	31-07-2023	09-10-2023	70 d late	2023-00477333
31-12-2021	31-07-2022	13-05-2022	79 d early	2022-20025983
31-12-2020	31-07-2021	04-06-2021	57 d early	2021-17100045
31-12-2019	31-07-2020	03-04-2020	119 d early	2020-08400282

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€150k+23.2%

EBIT margin9.0%+8.2pp

Net result€3k

Working capital€-3k-16.2%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 12-08-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~46% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	14.9%	39.7%	better than 26% of 972 sector peers
Net result	€3k	€32k	better than 29% of 972 sector peers
Equity	€3k	€152k	better than 10% of 973 sector peers
Gross operating margin	€18k	€59k	better than 29% of 813 sector peers
Total assets	€21k	€748k	better than 5% of 972 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P26

Stable position over 2020-2024 · n=265-972

Net result P29

Stable position over 2020-2024 · n=265-972

Equity P10

Stable position over 2020-2024 · n=265-973

Gross operating margin P29

Improving position over 2020-2024 · n=180-813

Describes the position versus peers, not a forecast.

Revenue

€150k

+23.2% 19-24

EBITDA

€17k

+569.8% 19-24

Net profit

€3k

- 19-24

Cash flow

€6k

- 19-24

Total assets

€21k

+3.9% 19-24

Equity

€3k

+16123.5% 19-24

Working capital

€-3k

-16.2% 19-24

Income taxes

€10k

+62.3% 19-24

Debt

€18k

-11.5% 19-24

Debt ≤ 1y

€18k

-11.5% 19-24

Debt > 1y

€17k

- 19-24

Current ratio

0.85

-4.1% 19-24

Quick ratio

0.85

-4.1% 19-24

Solvency

14.9%

+15520.8% 19-24

Debt / equity

5.73

-99.5% 19-24

ROE

99.4%

- 19-24

ROA

14.8%

- 19-24

Net margin

2.0%

- 19-24

EBITDA margin

11.1%

+443.6% 19-24

Interest coverage

18.74

+570.8% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	€150k
EBITDA	€17k
Net profit	€3k
Cash flow	€6k
Staff costs	-
Income taxes	€10k
Dividends	-
Total assets	€21k
Equity	€3k
Debt	€18k
of which ≤ 1y	€18k
of which > 1y	-
Working capital	€-3k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.85
Quick ratio	0.85
Working capital ratio	-12.9%
Solvency	14.9%
Debt / equity	5.73
Long-term debt ratio	-
Interest coverage	18.74
Gross margin	-2.3%
Net margin	2.0%
ROA	14.8%
ROE	99.4%
EBITDA margin	11.1%
Days sales outstanding	30d
Days payable outstanding	5d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €6k · 27.7% Current assets €15k · 72.3%

Equity & liabilities

Equity €3k · 14.9% Debt €18k · 85.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€21k
Fixed assets	21/28	€6k
Tangible fixed assets	22/27	€6k
Current assets	29/58	€15k
Amounts receivable within one year	40/41	€12k
Investments	50/53	€932
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€21k
Equity	10/15	€3k
Contributions / capital	10/11	€6k
Reserves	13	€620
Accumulated profits (losses)	14	€-4k
Amounts payable	17/49	€18k
Amounts payable within one year	42/48	€18k
Trade debts payable within one year	44	€2k
Income statement
Turnover	70	€150k
Gross operating margin	9900	€18k
Operating result	9901	€14k
Financial charges	65	€890
Result before taxes	9903	€13k
Income taxes	67/77	€10k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

64 / 100 Healthy

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue de la Sigillée 411480 Tubize

Establishment units

1 location

BRAINS@WORK

Rue de la Sigillée 41, 1480 TubizeSnoeien van fruitbomen en wijnstokken

since 20192.285.884.380

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area396 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25105C0335/00Y005	Wallonia	396 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

21-03-2024

Registered-office move

All acts · 1 updated 2 years ago

2024

21-03-2024 Registered office moved from Nivelles to Tubize Registered-office change

Rue de la Briqueterie 12 - 1400 Nivelles → Rue de la Sigillée, 41 B-1480 Tubize

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

63 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 64

Profitability 64

Solvency 18

Growth 67

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 15,322 of the 81,966 companies in this sector. 4,302 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Reclamebureaus73110Activiteiten van reclamebureaus73110Landschapsverzorging81300Landschapsverzorging81300

Primary activity highlighted.

Names & trade names

Legal nameFR	BRAINS@WORK
AbbreviationFR	B@W

Registered office

Rue de la Sigillée 41

1480 Tubize, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.