BRAINVEST
Open bankruptcyA bankruptcy procedure is open for BRAINVEST according to publications in the Belgian State Gazette; curator: SOFIE DE NIJS.
Summary
Inactive; last annual accounts for fiscal year 2022.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 29 December 2023
- Supervising judge
- Firmin Bulte
- Official Gazette
- 05-01-2024 (pdf) ↗search the document for 2024/100051
Curator
- Sofie De NijsGroot-Brittannielaan 10, 9000 Gentsofie@advocaatdenijs.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-09-2023, 49 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
49 d late
2021
18 d late
2020
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 45 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€9,237
2021 · €39,972
Total assets
€13,428▼ 80.3%
2021 · €68,331
Net result
-€49,209▼ 12.0%
2021 · -€43,943
Working capital
-€9,237
2021 · €5,736
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
Line202020212022
Operating result-€17,892--€37,830▼ 111%-€38,653▼ 2.2%
Net result€11,966--€43,943-€49,209▼ 12.0%
Equity€83,915-€39,972▼ 52.4%-€9,237
Total assets€121,597-€68,331▼ 43.8%€13,428▼ 80.3%
Debt€37,682-€28,359▼ 24.7%€22,665▼ 20.1%
Working capital€41,938-€5,736▼ 86.3%-€9,237
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 €38,653 in 2022 against €37,830 in 2021; the loss grows and 2022 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€33,253▼
2021 · -€30,090
Cash flow
-€43,809▼
2021 · -€36,203
Solvency
-68.8%▼
2021 · 58.5%
Current ratio
0.59▼
2021 · 1.20
Debt to equity
-2.45▼
2021 · 0.71
ROA
-366.5%▼
2021 · -64.3%
Interest coverage
-583.28▼
2021 · -239.17
Debt ≤ 1 year
€22,665▼
2021 · €28,359
Income taxes
€899▼
2021 · €5,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,270 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,196 | €7,740 | €5,400 | ▼ 30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €27,737 | - |
| Other operating charges640/8 | - | €1,788 | €617 | ▼ 65.5% |
| Gross operating margin9900 | -€6,683 | -€28,302 | -€4,899 | ▲ 82.7% |
| Operating profit (loss)9901 | -€17,892 | -€37,830 | -€38,653 | ▼ 2.2% |
| Financial income75/76B | - | €1 | - | - |
| Recurring financial income75 | €1 | €1 | - | - |
| Financial charges65/66B | - | €126 | €9,657 | ▲ 7,576% |
| Recurring financial charges65 | €55 | €126 | €57 | ▼ 54.7% |
| Non-recurring financial charges66B | - | - | €9,600 | - |
| Profit (loss) for the period before taxes9903 | €17,054 | -€37,956 | -€48,310 | ▼ 27.3% |
| Income taxes67/77 | €5,088 | €5,987 | €899 | ▼ 85.0% |
| Profit (loss) for the period9904 | €11,966 | -€43,943 | -€49,209 | ▼ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €11,966 | -€43,943 | -€49,209 | ▼ 12.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121,597 | €68,331 | €13,428 | ▼ 80.3% |
| Fixed assets21/28 | €41,977 | €34,236 | - | - |
| Tangible fixed assets22/27 | €32,377 | €24,636 | - | - |
| Land and buildings22 | - | €24,338 | - | - |
| Plant, machinery and equipment23 | - | €238 | - | - |
| Furniture and vehicles24 | - | €60 | - | - |
| Financial fixed assets28 | €9,600 | €9,600 | - | - |
| Current assets29/58 | €79,620 | €34,095 | €13,428 | ▼ 60.6% |
| Amounts receivable within one year40/41 | €14,476 | €12,252 | - | - |
| Trade receivables40 | - | €10,202 | - | - |
| Other amounts receivable41 | - | €2,050 | - | - |
| Cash at bank and in hand54/58 | €65,144 | €21,843 | €13,428 | ▼ 38.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121,597 | €68,331 | €13,428 | ▼ 80.3% |
| Equity10/15 | €83,915 | €39,972 | -€9,237 | ▼ 123% |
| Contributions10/11 | €500 | €500 | €500 | = |
| Capital10 | - | €500 | €500 | = |
| Issued capital100 | - | €500 | €500 | = |
| Profit (loss) carried forward14 | €83,415 | €39,472 | -€9,737 | ▼ 125% |
| Amounts payable17/49 | €37,682 | €28,359 | €22,665 | ▼ 20.1% |
| Amounts payable within one year42/48 | €37,682 | €28,359 | €22,665 | ▼ 20.1% |
| Trade debts44 | €2,734 | €3,846 | - | - |
| Suppliers440/4 | - | €3,846 | - | - |
| Taxes, remuneration and social security45 | - | €5,987 | €6,879 | ▲ 14.9% |
| Taxes450/3 | - | €5,987 | €6,879 | ▲ 14.9% |
| Other amounts payable47/48 | - | €18,526 | €15,786 | ▼ 14.8% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,966 | -€43,943 | -€49,209 | ▼ 12.0% |
| + Depreciation and write-downs630 | €9,196 | €7,740 | €5,400 | ▼ 30.2% |
| Operating cash flow (approximation) | €21,162 | -€36,203 | -€43,809 | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€43,300 | -€8,415 | ▲ 80.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
05-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 29-12-2023
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet -€49,209
Net result drops to -€49,209, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
29-12-2023 → present |