BRAINWIN
ActiveSummary
BRAINWIN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€250,532) and a net result of €418,289. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 26.34 against 69.86 in 2024; short-term debt: 3.8% and cash: 0.1% of total assets), but equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-186.6%
Return on assets
311.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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
3 d late
2024
24 d late
2023
19 d late
2021
31 d late
2020
25 d late
2019
61 d late
2018
28 d late
← 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 27 days after the deadline; the sector median for financial year 2024 is 9 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 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€134,257▼ 38.8%
2024 · €219,234
Net result
€418,289
2024 · -€404,861
Working capital
€129,161▼ 40.2%
2024 · €216,096
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Turnover
Operating result-€20,118-€36,709▼ 82.5%-€89,117--€420,009▼ 371%€417,461
Net result-€25,049below the sector's middle half▲ 83.1%-€36,829below the sector's middle half▼ 47.0%€29,302within the sector's middle half--€404,861below the sector's middle half€418,289above the sector's middle half
Equity-€256,433below the sector's middle half▼ 10.8%-€293,262below the sector's middle half▼ 14.4%-€263,959below the sector's middle half--€668,821below the sector's middle half▼ 153%-€250,532below the sector's middle half▲ 62.5%
Total assets€11,736below the sector's middle half▼ 19.7%€30,903below the sector's middle half▲ 163%€582,828above the sector's middle half-€219,234within the sector's middle half▼ 62.4%€134,257within the sector's middle half▼ 38.8%
Debt€38,933▲ 132%€94,929▲ 144%€51,277-€3,138▼ 93.9%€5,097▲ 62.4%
Working capital-€27,196below the sector's middle half▼ 1,166%-€64,025below the sector's middle half▼ 135%€531,550above the sector's middle half-€216,096above the sector's middle half▼ 59.3%€129,161within the sector's middle half▼ 40.2%
Solvency-949.0%below the sector's middle half-45.3%below the sector's middle half--305.1%below the sector's middle half▼ 259.8pp-186.6%below the sector's middle half▲ 118.5pp
Current ratio0.30below the sector's middle half▼ 0.570.33below the sector's middle half▲ 0.0211.37above the sector's middle half-69.86above the sector's middle half▲ 58.4926.34above the sector's middle half▼ 43.51
Return on assets (ROA)-213.4%below the sector's middle half-119.2%below the sector's middle half▲ 94.3pp5.0%within the sector's middle half--184.7%below the sector's middle half▼ 189.7pp311.6%above the sector's middle half▲ 496.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €417,461 after a loss of €420,009 in 2024, the highest result in the available series.
Key figures and ratios
Debt to equity
-0.02▼
2024 · 0.00
Debt ≤ 1 year
€5,097▲
2024 · €3,138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3.6m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €36,361 | - | €0 | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €747,722 | €89,407 | -€505,224 | ▼ 665% |
| Other operating charges640/8 | - | €348 | €91,668 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | €214,313 | - | - | - |
| Gross operating margin9900 | -€19,770 | -€36,361 | €964,586 | -€330,217 | -€87,376 | ▲ 73.5% |
| Operating profit (loss)9901 | -€20,118 | -€36,709 | -€89,117 | -€420,009 | €417,461 | ▲ 199% |
| Financial income75/76B | - | - | €16,321 | €15,219 | €881 | ▼ 94.2% |
| Recurring financial income75 | - | - | €16,321 | €15,219 | €881 | ▼ 94.2% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €120 | €10,938 | €71 | €54 | ▼ 24.9% |
| Recurring financial charges65 | €77 | €120 | €10,938 | €71 | €54 | ▼ 24.9% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€25,049 | -€36,829 | -€83,734 | -€404,861 | €418,289 | ▲ 203% |
| Income taxes67/77 | €0 | - | -€113,036 | €0 | - | - |
| Profit (loss) for the period9904 | -€25,049 | -€36,829 | €29,302 | -€404,861 | €418,289 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | -€25,049 | -€36,829 | €29,302 | -€404,861 | €418,289 | ▲ 203% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,736 | €30,903 | €582,828 | €219,234 | €134,257 | ▼ 38.8% |
| Current assets29/58 | €11,736 | €30,903 | €582,828 | €219,234 | €134,257 | ▼ 38.8% |
| Amounts receivable within one year40/41 | €11,035 | €30,641 | €6,205 | €106,031 | €134,108 | ▲ 26.5% |
| Trade receivables40 | - | €12,619 | €0 | €3,966 | €2,576 | ▼ 35.0% |
| Other amounts receivable41 | - | €18,022 | €6,205 | €102,065 | €131,532 | ▲ 28.9% |
| Current investments50/53 | - | - | €575,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €702 | €262 | €1,623 | €113,204 | €149 | ▼ 99.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,736 | €30,903 | €582,828 | €219,234 | €134,257 | ▼ 38.8% |
| Equity10/15 | -€256,433 | -€293,262 | -€263,959 | -€668,821 | -€250,532 | ▲ 62.5% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €9,212 | €9,212 | €9,212 | €9,212 | €9,212 | = |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | - | €6,114 | €6,114 | €6,114 | €6,114 | = |
| Profit (loss) carried forward14 | -€296,631 | -€333,460 | -€304,158 | -€709,020 | -€290,731 | ▲ 59.0% |
| Provisions and deferred taxes16 | €229,236 | €229,236 | €795,510 | €884,917 | €379,693 | ▼ 57.1% |
| Provisions for liabilities and charges160/5 | - | €229,236 | €795,510 | €884,917 | €379,693 | ▼ 57.1% |
| Taxes161 | - | €181,448 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €47,788 | €795,510 | €884,917 | €379,693 | ▼ 57.1% |
| Amounts payable17/49 | €38,933 | €94,929 | €51,277 | €3,138 | €5,097 | ▲ 62.4% |
| Amounts payable within one year42/48 | €38,933 | €94,929 | €51,277 | €3,138 | €5,097 | ▲ 62.4% |
| Trade debts44 | €16,123 | €31,631 | €1,277 | €486 | €2,445 | ▲ 403% |
| Suppliers440/4 | - | €31,631 | €1,277 | €486 | €2,445 | ▲ 403% |
| Taxes, remuneration and social security45 | - | - | €0 | €2,652 | €2,652 | = |
| Remuneration and social security454/9 | - | - | - | €2,652 | €2,652 | = |
| Other amounts payable47/48 | - | €63,297 | €50,000 | €0 | €0 | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,049 | -€36,829 | €29,302 | -€404,861 | €418,289 | ▲ 203% |
| Operating cash flow (approximation) | -€25,049 | -€36,829 | €29,302 | -€404,861 | €418,289 | ▲ 203% |
| Change in cash | - | -€439 | - | €111,581 | -€113,055 | ▼ 201% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Back to profitnet €418,289
Net result €418,289 after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
30-06
Financial
Weakest financial yearnet -€404,861
Net result drops to -€404,861, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 6current ratio 69.86
Current ratio from 11.37 to 69.86; short-term debt falls from €51,277 to €3,138.
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
30-06
Financial
Back to profitnet €29,302
Net result €29,302 after 3 loss-making years.
30-06
Financial
Liquidity times 35current ratio 11.37
Current ratio from 0.33 to 11.37; short-term debt falls from €94,929 to €51,277.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2015
21-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 2000
Ground area
2,351 m²
Building footprint
426 m²
Volume, LiDAR
7,485 m³
2 parcels, Brussels, Flanders · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
423
companies at this address
See who is registered here
1 establishment unit
Zwanenlaan 23, 3090 Overijse
since 20002.070.264.763
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544D0750/00T000 | Flanders | 1,542 m² | 1 · 147 m² | 9.7 m · 2 fl. |
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-11-1994
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454334835
Also
9925:BE0454334835
Registered
13-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.