BRAINSTARTING
ActiveSummary
BRAINSTARTING has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €-16k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 16.47 against 6.1 in 2024; short-term debt: 5.8% and cash: 41.7% of total assets), and 5.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 10 filingsDeviation from the deadline
2025
39 d late
2024
71 d late
2023
21 d late
2022
29 d late
2021
46 d late
2020
30 d late
2019
26 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
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k▲ 25.0%
2024 · €-22k
2018: €42
2019: €14k▲ +32096% vs 2018
2020: €21k▲ +53.8% vs 2019
2021: €14k▼ -35.3% vs 2020
2022: €40k▲ +197% vs 2021highest in 8 years
2023: €-61k▼ -251% vs 2022lowest in 8 years
2024: €-22k▲ +64.6% vs 2023
2025: €-16k▲ +25.0% vs 2024
2018 → 2025
Working capital
€77k▼ 14.7%
2024 · €90k
2018: €132k
2019: €109k▼ -17.4% vs 2018
2020: €125k▲ +15.2% vs 2019
2021: €130k▲ +3.3% vs 2020
2022: €174k▲ +34.2% vs 2021highest in 8 years
2023: €112k▼ -35.5% vs 2022
2024: €90k▼ -20.0% vs 2023
2025: €77k▼ -14.7% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€179k▲ 29.0%€118k▼ 34.0%€97k▼ 18.2%€81k▼ 16.7%
2021: €139k
2022: €179k▲ +29.0% vs 2021highest in 5 years
2023: €118k▼ -34.0% vs 2022
2024: €97k▼ -18.2% vs 2023
2025: €81k▼ -16.7% vs 2024lowest in 5 years
Operating result€19k-€63k▲ 226%€-53k€-21k▲ 59.1%€-17k▲ 22.6%
2021: €19k
2022: €63k▲ +226% vs 2021highest in 5 years
2023: €-53k▼ -183% vs 2022lowest in 5 years
2024: €-21k▲ +59.1% vs 2023
2025: €-17k▲ +22.6% vs 2024
Net result€14k-€40k▲ 197%€-61k€-22k▲ 64.6%€-16k▲ 25.0%
2021: €14k
2022: €40k▲ +197% vs 2021highest in 5 years
2023: €-61k▼ -251% vs 2022lowest in 5 years
2024: €-22k▲ +64.6% vs 2023
2025: €-16k▲ +25.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €21k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€4k ▼ 42.5%
Current assets
€82k ▼ 24.1%
Equity and liabilities €86k
Equity
€81k ▼ 16.7%
Debt
€5k ▼ 71.9%
Debt's share of the balance-sheet total falls from 15.4% to 5.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-18k
Cash flow
€-13k▲
2024 · €-18k
Current ratio
16.47▲
2024 · 6.10
Debt to equity
0.06▼
2024 · 0.18
ROE
-20.1%▲
2024 · -22.3%
ROA
-18.9%▼
2024 · -18.9%
Interest coverage
-22.47▼
2024 · -21.24
Debt ≤ 1 year
€5k▼
2024 · €18k
Income taxes
€165▲
2024 · €133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€114k€86k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€107k€82k▼
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€44k€43k▼
Trade receivables40€15k€5k▼
Other amounts receivable41€29k€38k▲
Cash at bank and in hand54/58€57k€36k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€114k€86k▼
Equity10/15€97k€81k▼
Contributions10/11€19k€19k=
Reserves13€78k€70k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€76k€68k▼
Profit (loss) carried forward14€343€-8k▼
Amounts payable17/49€18k€5k▼
Amounts payable within one year42/48€18k€5k▼
Trade debts44€15k€5k▼
Suppliers440/4€15k€5k▼
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€-15k€-8k▲
Operating profit (loss)9901€-21k€-17k▲
Financial income75/76B€823€1k▲
Recurring financial income75€823€1k▲
Financial charges65/66B€825€606▼
Recurring financial charges65€825€606▼
Profit (loss) for the period before taxes9903€-21k€-16k▲
Income taxes67/77€133€165▲
Profit (loss) for the period9904€-22k€-16k▲
Profit (loss) for the period to be appropriated9905€-22k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-16k▲
Profit (loss) brought forward from the previous period14P€934€343▼
Transfer from equity791/2€21k€8k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | €800 | - | - | - | - |
| Remuneration, social security and pensions62 | €52 | €4k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €5k | €4k | €3k | ▼ 24.2% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 17.1% |
| Non-recurring operating charges66A | - | - | - | - | €4k | - |
| Gross operating margin9900 | €24k | €73k | €-45k | €-15k | €-8k | ▲ 46.8% |
| Operating profit (loss)9901 | €19k | €63k | €-53k | €-21k | €-17k | ▲ 22.6% |
| Financial income75/76B | €983 | - | €350 | €823 | €1k | ▲ 42.3% |
| Recurring financial income75 | €983 | - | €350 | €823 | €1k | ▲ 42.3% |
| Financial charges65/66B | €1k | €3k | €9k | €825 | €606 | ▼ 26.6% |
| Recurring financial charges65 | €1k | €3k | €9k | €825 | €606 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €19k | €61k | €-61k | €-21k | €-16k | ▲ 25.3% |
| Income taxes67/77 | €6k | €20k | €134 | €133 | €165 | ▲ 23.9% |
| Profit (loss) for the period9904 | €14k | €40k | €-61k | €-22k | €-16k | ▲ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €14k | €40k | €-61k | €-22k | €-16k | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154k | €221k | €150k | €114k | €86k | ▼ 25.2% |
| Fixed assets21/28 | €10k | €6k | €6k | €7k | €4k | ▼ 42.5% |
| Tangible fixed assets22/27 | €9k | €5k | €6k | €7k | €4k | ▼ 42.5% |
| Furniture and vehicles24 | €9k | €5k | €6k | €7k | €4k | ▼ 42.5% |
| Financial fixed assets28 | €115 | €115 | €115 | - | - | - |
| Current assets29/58 | €145k | €216k | €144k | €107k | €82k | ▼ 24.1% |
| Stocks and contracts in progress3 | - | - | - | €4k | - | - |
| Stocks30/36 | - | - | - | €4k | - | - |
| Amounts receivable within one year40/41 | €27k | €22k | €30k | €44k | €43k | ▼ 3.6% |
| Trade receivables40 | €25k | €20k | €12k | €15k | €5k | ▼ 66.7% |
| Other amounts receivable41 | €1k | €2k | €18k | €29k | €38k | ▲ 28.3% |
| Cash at bank and in hand54/58 | €116k | €192k | €112k | €57k | €36k | ▼ 37.2% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €3k | €3k | ▲ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154k | €221k | €150k | €114k | €86k | ▼ 25.2% |
| Equity10/15 | €139k | €179k | €118k | €97k | €81k | ▼ 16.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €120k | €160k | €99k | €78k | €70k | ▼ 10.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €118k | €158k | €97k | €76k | €68k | ▼ 10.5% |
| Profit (loss) carried forward14 | €661 | €997 | €934 | €343 | €-8k | ▼ 2,391% |
| Amounts payable17/49 | €15k | €42k | €31k | €18k | €5k | ▼ 71.9% |
| Amounts payable within one year42/48 | €15k | €42k | €31k | €18k | €5k | ▼ 71.9% |
| Trade debts44 | €5k | €4k | €13k | €15k | €5k | ▼ 66.5% |
| Suppliers440/4 | €5k | €4k | €13k | €15k | €5k | ▼ 66.5% |
| Taxes, remuneration and social security45 | €4k | €37k | €18k | €3k | - | - |
| Taxes450/3 | €4k | €37k | €18k | €3k | - | - |
| Other amounts payable47/48 | €6k | €893 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €40k | €-61k | €-22k | €-16k | ▲ 25.0% |
| + Depreciation and write-downs630 | €3k | €4k | €5k | €4k | €3k | ▼ 24.2% |
| Operating cash flow (approximation) | €16k | €44k | €-56k | €-18k | €-13k | ▲ 25.2% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €77k | €-81k | €-55k | €-21k | ▲ 61.5% |
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
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 16.47
Current ratio from 6.10 to 16.47; short-term debt falls from €18k to €5k.
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €40k ▲197%
Operating result €63k, net result €40k, both a record.
31-12
Financial
Equity above €150kEq €179k ▲29%
5 profitable years in a row build equity to €179k.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 46 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 11.61
Current ratio from 3.60 to 11.61; short-term debt falls from €42k to €12k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
Show earlier events
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
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, Perwez · 1 establishment unit since 1991
Ground area
2,446 m²
Building footprint
262 m²
Volume, LiDAR
1,316 m³
2 parcels, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Porte 2, 1360 Perwez
since 19912.054.899.864
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25100A0177/00G000 | Wallonia | 1,375 m² | 1 · 134 m² | 6.6 m · 1 fl. |
| 25100A0180/00C002 | Wallonia | 1,071 m² | 1 · 128 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,148 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 (pre-2019)
Founded27-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.