BrainTracks
ActiveSummary
BrainTracks has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,150 and a net result of €61,366. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 51% of 1912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency82▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.18 in 2024; short-term debt: 43.4% and cash: 78% of total assets), and 43.4% of the assets are financed with debt.
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Signals
Three 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.6%
Return on assets
29.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
8 d early
2024
3 d early
2023
7 d early
2022
7 d early
2021
6 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€117,150=
2024 · €117,150
Total assets
€206,872▲ 3.0%
2024 · €200,795
Net result
€61,366▲ 2.6%
2024 · €59,812
Working capital
€102,312▲ 3.7%
2024 · €98,624
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
Operating result€38,481▲ 3.9%€26,248▼ 31.8%€54,823▲ 109%€76,140▲ 38.9%€78,440▲ 3.0%
Net result€27,619▲ 5.5%€18,036▼ 34.7%€41,202▲ 128%€59,812▲ 45.2%€61,366▲ 2.6%
Equity€82,913▲ 50.0%€100,949▲ 21.8%€117,151▲ 16.0%€117,150=€117,150=
Total assets€110,417▲ 34.7%€127,918▲ 15.9%€160,281▲ 25.3%€200,795▲ 25.3%€206,872▲ 3.0%
Debt€27,504▲ 3.1%€26,970▼ 1.9%€43,130▲ 59.9%€83,645▲ 93.9%€89,722▲ 7.3%
Working capital€66,681▲ 31.6%€83,895▲ 25.8%€101,695▲ 21.2%€98,624▼ 3.0%€102,312▲ 3.7%
Turnover and EBIT margin not published: the 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 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,872
Fixed assets
€14,837 ▼ 19.9%
Current assets
€192,034 ▲ 5.4%
Equity and liabilities €206,872
Equity
€117,150 =
Debt
€89,722 ▲ 7.3%
Debt's share of the balance-sheet total rises from 41.7% to 43.4%. Debt is higher.
Key figures and ratios
EBITDA
€82,128▲
2024 · €80,287
Cash flow
€65,054▲
2024 · €63,959
Current ratio
2.14▼
2024 · 2.18
Debt to equity
0.77▲
2024 · 0.71
ROE
52.4%▲
2024 · 51.1%
ROA
29.7%▼
2024 · 29.8%
Interest coverage
113.69▼
2024 · 182.04
Debt ≤ 1 year
€89,722▲
2024 · €83,645
Income taxes
€16,352▲
2024 · €15,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,086 | €2,362 | €2,802 | €4,147 | €3,688 | ▼ 11.1% |
| Other operating charges640/8 | - | €469 | €479 | €565 | €544 | ▼ 3.7% |
| Gross operating margin9900 | €41,991 | €29,079 | €58,104 | €80,852 | €82,672 | ▲ 2.3% |
| Operating profit (loss)9901 | €38,481 | €26,248 | €54,823 | €76,140 | €78,440 | ▲ 3.0% |
| Financial income75/76B | - | €18 | €0 | - | - | - |
| Recurring financial income75 | - | €18 | €0 | - | - | - |
| Financial charges65/66B | - | €717 | €584 | €441 | €722 | ▲ 63.8% |
| Recurring financial charges65 | €617 | €717 | €584 | €441 | €722 | ▲ 63.8% |
| Profit (loss) for the period before taxes9903 | €37,864 | €25,548 | €54,239 | €75,699 | €77,718 | ▲ 2.7% |
| Income taxes67/77 | €10,244 | €7,512 | €13,037 | €15,887 | €16,352 | ▲ 2.9% |
| Profit (loss) for the period9904 | €27,619 | €18,036 | €41,202 | €59,812 | €61,366 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €27,619 | €18,036 | €41,202 | €59,812 | €61,366 | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,417 | €127,918 | €160,281 | €200,795 | €206,872 | ▲ 3.0% |
| Fixed assets21/28 | €16,232 | €17,054 | €15,456 | €18,525 | €14,837 | ▼ 19.9% |
| Tangible fixed assets22/27 | €16,232 | €17,054 | €15,456 | €18,525 | €14,837 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | €14,249 | €12,266 | €13,980 | €12,398 | ▼ 11.3% |
| Furniture and vehicles24 | - | €2,805 | €3,190 | €4,545 | €2,440 | ▼ 46.3% |
| Current assets29/58 | €94,185 | €110,865 | €144,825 | €182,269 | €192,034 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €28,492 | €16,413 | €22,324 | €23,827 | €25,244 | ▲ 5.9% |
| Trade receivables40 | - | €15,909 | €21,362 | €23,714 | €24,096 | ▲ 1.6% |
| Other amounts receivable41 | - | €504 | €963 | €113 | €1,148 | ▲ 912% |
| Cash at bank and in hand54/58 | €54,135 | €82,676 | €118,406 | €154,243 | €161,359 | ▲ 4.6% |
| Deferred charges and accrued income490/1 | - | €11,776 | €4,095 | €4,199 | €5,431 | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,417 | €127,918 | €160,281 | €200,795 | €206,872 | ▲ 3.0% |
| Equity10/15 | €82,913 | €100,949 | €117,151 | €117,150 | €117,150 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €64,312 | €82,348 | €98,550 | €98,550 | €98,550 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €80,488 | €96,690 | €98,550 | €98,550 | = |
| Profit (loss) carried forward14 | €1 | €1 | €1 | - | - | - |
| Amounts payable17/49 | €27,504 | €26,970 | €43,130 | €83,645 | €89,722 | ▲ 7.3% |
| Amounts payable within one year42/48 | €27,504 | €26,970 | €43,130 | €83,645 | €89,722 | ▲ 7.3% |
| Trade debts44 | €2,683 | €2,773 | €3,076 | €3,984 | €4,461 | ▲ 12.0% |
| Suppliers440/4 | - | €2,773 | €3,076 | €3,984 | €4,461 | ▲ 12.0% |
| Taxes, remuneration and social security45 | - | €11,437 | €14,294 | €16,628 | €18,215 | ▲ 9.5% |
| Taxes450/3 | - | €8,962 | €9,856 | €10,286 | €12,209 | ▲ 18.7% |
| Remuneration and social security454/9 | - | €2,475 | €4,438 | €6,343 | €6,007 | ▼ 5.3% |
| Other amounts payable47/48 | - | €12,760 | €25,760 | €63,033 | €67,046 | ▲ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,619 | €18,036 | €41,202 | €59,812 | €61,366 | ▲ 2.6% |
| + Depreciation and write-downs630 | €3,086 | €2,362 | €2,802 | €4,147 | €3,688 | ▼ 11.1% |
| Operating cash flow (approximation) | €30,705 | €20,397 | €44,004 | €63,959 | €65,054 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€3,183 | -€1,204 | -€7,217 | €0 | ▲ 100% |
| Change in cash | - | €28,540 | €35,730 | €35,838 | €7,116 | ▼ 80.1% |
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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €61,366 ▲2.6%
Operating result €78,440, net result €61,366, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100,000Eq €100,949 ▲21.8%
4 profitable years in a row build equity to €100,949.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Erpe-Mere · 1 establishment unit since 2016
Ground area
976 m²
Building footprint
143 m²
Volume, LiDAR
785 m³
Parcel 41009A0433/00T000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BrainTracks BVBA
since 20162.253.673.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41009A0433/00T000 | Flanders | 976 m² | 1 · 143 m² | 7.0 m · 2 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 2,783 companies in sector 63910 we hold annual accounts for 698. 508 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
Founded10-06-2016
Fiscal year end30-06
Activities, NACEBEL 2025
63910Web portal activities
82300Organisation of conventions and trade shows
Contact
E-mail
jan.eeckhout1@telenet.be
Phone
0478825435
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656548755
Registered
28-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.