CIPHER BRAIN
ActiveCIPHER BRAIN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €34k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 13.45 against 8.82 in 2024), and 7.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
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
92.7%
Return on assets
20.3%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-10-2025, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
29 d early
2023
15 d early
2022
on the day
2021
2 d late
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close05-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€165k▼ 10.2%
2024 · €184k
2022: €166k
2023: €154k
2024: €184k
2022 → 2025
Net result
€34k▲ 1.3%
2024 · €33k
2022: €7k
2023: €9k
2024: €33k
2022 → 2025
Working capital
€151k▼ 6.1%
2024 · €161k
2022: €136k
2023: €130k
2024: €161k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€0
Equity€136k-€130k▼ 4.1%€164k▲ 25.4%€153k▼ 6.3%
Operating result€3k-€15k▲ 348%€43k▲ 182%€45k▲ 5.0%
Net result€7k-€9k▲ 44.9%€33k▲ 252%€34k▲ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 5% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€2k▼ 18.4%
Current assets
€163k▼ 10.1%
Equity and liabilities €165k
Equity
€153k▼ 6.3%
Debt
€12k▼ 41.0%
The debt ratio falls from 11.1% to 7.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€46k▲
2024 · €43k
Cash flow
€35k▲
2024 · €33k
Solvency
92.7%▲
2024 · 88.9%
Current ratio
13.45▲
2024 · 8.82
Quick ratio
13.45▲
2024 · 8.82
Debt / equity
0.08▼
2024 · 0.13
ROE
21.9%▲
2024 · 20.3%
ROA
20.3%▲
2024 · 18.0%
Interest coverage
660.51▼
2024 · 742.12
Debt
€12k▼
2024 · €21k
Debt ≤ 1 year
€12k▼
2024 · €21k
Income taxes
€12k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€184k€165k▼
Fixed assets
21/28€3k€2k▼
Tangible fixed assets
22/27€3k€2k▼
Current assets
29/58€181k€163k▼
Amounts receivable within one year
40/41€19k€18k▼
Investments
50/53€0-
Cash & bank
54/58€160k€144k▼
Total equity & liabilities
10/49€184k€165k▼
Equity
10/15€164k€153k▼
Contributions / capital
10/11€6k€6k=
Reserves
13€116k€103k▼
Accumulated profits (losses)
14€42k€44k▲
Amounts payable
17/49€21k€12k▼
Amounts payable within one year
42/48€21k€12k▼
Trade debts payable within one year
44€8k€744▼
Income statement
Code20242025
Turnover
70-€0
Gross operating margin
9900€44k€47k▲
Operating result
9901€43k€45k▲
Financial income
75€492€711▲
Financial charges
65€58€70▲
Result before taxes
9903€43k€46k▲
Income taxes
67/77€10k€12k▲
Net result for the period
9904€33k€34k▲
Result to be appropriated
9905€33k€34k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €34k ▲1.3%
Operating result €45k, net result €34k, both a record.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €164k ▲25.4%
3 profitable years in a row build equity to €164k.
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · full 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
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Of 29,862 companies in sector 62200 we hold annual accounts for 18,021. 15,086 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2002
Fiscal year end31-03
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 24-08-2026. Scores and ratios are computed by Checked and are not a credit decision.