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CIPHER BRAIN

Active
Private limited companyfounded 2002active for 24 yearsAvenue Léopold 3, 1330 Rixensart, BelgiumKBO/BCE: BE 0477.502.096
Summary

CIPHER BRAIN has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €178,381 and a net result of €25,115. Equity has been stable since 2019 (±0.8% per year). Its solvency ranks better than 90% of 571 sector peers (NACE 62, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

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CIPHER BRAINActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Overview

Official details

Source: KBO
Status
Active since 16-05-2002 Normal situation
Activity
Computer consultancy and computer facilities management NACE 62200
Establishment unit
2.100.586.270 1330 Rixensart, since 23-05-2002
Financial year end
31 March
Peppol
Reachable since 17-09-2025
Company details

Board and ownership

Board
  • Cauterts VincentDirector
Shareholders
  • Vincent Cautaertsannual accounts 31-03-2018
Board & ownership

Financial position

97 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Turnover
€0
Profit
€25,115
▼ 25.3%
Equity
€178,381
▲ 16.4%
Total assets
€194,234
▲ 17.4%
Filed on 07-10-2026, 24 days before the deadline
Financials
Score breakdownlowers riskLiquidity: current ratio 12.17, cash €161,646Equity €178,381 (91.8% of total assets)Sector: Computer programming, consultancy and related activities (NACE 62)Size: turnover €0, total assets €194,234Show the evidence

Checked score

Score 2026
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 73% of micro companies in computer programming and consultancy (NACE 62)
Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Strong
Solvency 100=
equity 91.8% of total assets
Liquidity 100=
short-term debt 8.2% · cash 83.2%
Profitability 85-9
return on assets 12.9%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,913 companies, NACE 62, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.17 (13.45 in 2025), above the usual 1.5. Short-term debt is 8.2% and cash 83.2% of total assets. 8.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 47% on profitability and 63% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 12.17, cash €161,646
NBB · annual accounts
lowers risk · Equity €178,381 (91.8% of total assets)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: turnover €0, total assets €194,234
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-10-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
24 days early
2025
5 days early
2024
29 days early
2023
15 days early
2022
on the day
2021
2 days late
2020
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 16 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 07-10-2026 at the NBB all 23 filings

Turnover
€0
2025 · €0
Total assets
€194,234▲ 17.4%
2025 · €165,377
Net result
€25,115▼ 25.3%
2025 · €33,625
Working capital
€177,127▲ 17.5%
2025 · €150,766
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 23% lower than in 2025.

Turnover€0 2026 Operating result€34,867 2026 Net result€25,115 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Turnover€0€0
Operating result€62,609-€50,597▼ 19.2%€23,819▼ 52.9%€3,407▼ 85.7%€15,252▲ 348%€43,022▲ 182%€45,174▲ 5.0%€34,867▼ 22.8%
Net result€45,938-€37,860▼ 17.6%€14,322within the sector's middle half▼ 62.2%€6,514within the sector's middle half▼ 54.5%€9,440within the sector's middle half▲ 44.9%€33,188within the sector's middle half▲ 252%€33,625within the sector's middle half▲ 1.3%€25,115▼ 25.3%
Equity€146,603-€170,177▲ 16.1%€159,499within the sector's middle half▼ 6.3%€136,012within the sector's middle half▼ 14.7%€130,452within the sector's middle half▼ 4.1%€163,640above the sector's middle half▲ 25.4%€153,265within the sector's middle half▼ 6.3%€178,381▲ 16.4%
Total assets€176,338-€184,467▲ 4.6%€166,442within the sector's middle half▼ 9.8%€166,368within the sector's middle half=€154,203within the sector's middle half▼ 7.3%€184,170within the sector's middle half▲ 19.4%€165,377within the sector's middle half▼ 10.2%€194,234▲ 17.4%
Debt€29,735-€14,291▼ 51.9%€6,943▼ 51.4%€30,356▲ 337%€23,751▼ 21.8%€20,530▼ 13.6%€12,112▼ 41.0%€15,853▲ 30.9%
Working capital€144,224-€169,399▲ 17.5%€159,335above the sector's middle half▼ 5.9%€136,012above the sector's middle half▼ 14.6%€130,452above the sector's middle half▼ 4.1%€160,578above the sector's middle half▲ 23.1%€150,766above the sector's middle half▼ 6.1%€177,127▲ 17.5%
Solvency83.1%-92.3%▲ 9.1pp95.8%above the sector's middle half▲ 3.6pp81.8%above the sector's middle half▼ 14.1pp84.6%above the sector's middle half▲ 2.8pp88.9%above the sector's middle half▲ 4.3pp92.7%above the sector's middle half▲ 3.8pp91.8%▼ 0.8pp
Current ratio5.85-12.85▲ 7.0023.95above the sector's middle half▲ 11.105.48above the sector's middle half▼ 18.476.49above the sector's middle half▲ 1.018.82above the sector's middle half▲ 2.3313.45above the sector's middle half▲ 4.6312.17▼ 1.28
Return on assets (ROA)26.1%-20.5%▼ 5.5pp8.6%within the sector's middle half▼ 11.9pp3.9%within the sector's middle half▼ 4.7pp6.1%within the sector's middle half▲ 2.2pp18.0%within the sector's middle half▲ 11.9pp20.3%within the sector's middle half▲ 2.3pp12.9%▼ 7.4pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €194,234
Fixed assets €1,253 ▼ 49.8%
Current assets €192,980 ▲ 18.5%
Equity and liabilities €194,234
Equity €178,381 ▲ 16.4%
Debt €15,853 ▲ 30.9%
Debt's share of the balance-sheet total rises from 7.3% to 8.2%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€36,112▼
2025 · €46,335
Cash flow
€26,361▼
2025 · €34,786
Debt to equity
0.09▲
2025 · 0.08
ROE
14.1%▼
2025 · 21.9%
Interest coverage
over 100
2025 · over 100
Debt ≤ 1 year
€15,853▲
2025 · €12,112
Income taxes
€10,284▼
2025 · €12,190
Staff costs
€0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets--€3,128€597-
Depreciation and write-downs of the year€164-€66€1,160€1,246

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as CIPHER BRAIN: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €171,000 and €209,000, founded between 2001 and 2004.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
CIPHER BRAIN Rixensart2002€194,234€178,381€36,921€0€25,1152026
ACHERIA Chaumont-Gistoux2004€200,343€160,788€41,568-€15,6642025
SOLID I.T. SOLUTIONS Mechelen2001€189,467€140,436€38,216-€21,6782025
NETBLOX Hasselt2003€188,373€95,411€35,456-€6,9792025
HUSCOM Nazareth-De Pinte2001€209,147€130,905€40,171-€21,5312025
ADSON Wichelen2001€180,181€104,674€40,090-€16,4152025
I-BRIDGE Ninove2001€171,379€115,279€36,091-€1,8392025

They were chosen from the 18,968 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as CIPHER BRAIN has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CIPHER BRAIN itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for CIPHER BRAIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 50 lines

Source: Annual accounts 2026 at the NBB, filed on 07-10-2026.

Balance sheet Code20252026
Assets
Total assets20/58€165,377€194,234▲
Fixed assets21/28€2,499€1,253▼
Tangible fixed assets22/27€2,499€1,253▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€2,499€1,253▼
Current assets29/58€162,878€192,980▲
Amounts receivable within one year40/41€18,203€30,580▲
Trade receivables40€15,703€26,580▲
Other amounts receivable41€2,500€4,000▲
Cash at bank and in hand54/58€143,990€161,646▲
Deferred charges and accrued income490/1€685€755▲
Equity and liabilities
Total equity and liabilities10/49€165,377€194,234▲
Equity10/15€153,265€178,381▲
Contributions10/11€6,200€6,200=
Reserves13€102,860€126,860▲
Non-distributable reserves130/1€101,000€125,000▲
Own shares acquired1312€0-
Other1319€101,000€125,000▲
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14€44,205€45,321▲
Amounts payable17/49€12,112€15,853▲
Amounts payable within one year42/48€12,112€15,853▲
Trade debts44€744€1,048▲
Suppliers440/4€744€1,048▲
Taxes, remuneration and social security45€10,973€13,841▲
Taxes450/3€10,973€10,228▼
Remuneration and social security454/9€0€3,612▲
Other amounts payable47/48€394€964▲
Income statement Code20252026
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,160€1,246▲
Other operating charges640/8€785€809▲
Gross operating margin9900€47,119€36,921▼
Operating profit (loss)9901€45,174€34,867▼
Financial income75/76B€711€606▼
Recurring financial income75€711€606▼
Financial charges65/66B€70€72▲
Recurring financial charges65€70€72▲
Profit (loss) for the period before taxes9903€45,815€35,400▼
Income taxes67/77€12,190€10,284▼
Profit (loss) for the period9904€33,625€25,115▼
Profit (loss) for the period to be appropriated9905€33,625€25,115▼
Appropriation of the result
Profit (loss) to be appropriated9906€75,205€69,321▼
Profit (loss) brought forward from the previous period14P€41,580€44,205▲
Transfer from equity791/2€44,000-
Transfer to equity691/2€31,000€24,000▼
To other reserves6921€31,000€24,000▼
Profit to be distributed694/7€44,000-
Return on contributions (dividend)694€44,000-

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Turnover70------€0€0-
Goods, raw materials, services and sundry goods60/61------€0€0-
Remuneration, social security and pensions62-----€0-€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,776€1,601€614€164-€66€1,160€1,246▲ 7.3%
Other operating charges640/8---€691€440€765€785€809▲ 3.1%
Gross operating margin9900€66,174€52,941€25,267€4,262€15,692€43,853€47,119€36,921▼ 21.6%
Operating profit (loss)9901€62,609€50,597€23,819€3,407€15,252€43,022€45,174€34,867▼ 22.8%
Financial income75/76B---€107-€492€711€606▼ 14.8%
Recurring financial income75€121€192€42€107-€492€711€606▼ 14.8%
Financial charges65/66B---€48€55€58€70€72▲ 3.2%
Recurring financial charges65€0€0€17€48€55€58€70€72▲ 3.2%
Profit (loss) for the period before taxes9903€62,730€50,789€23,844€3,466€15,198€43,456€45,815€35,400▼ 22.7%
Income taxes67/77€16,793€12,930€9,521-€3,047€5,758€10,268€12,190€10,284▼ 15.6%
Profit (loss) for the period9904€45,938€37,860€14,322€6,514€9,440€33,188€33,625€25,115▼ 25.3%
Profit (loss) for the period to be appropriated9905€45,938€37,860€14,322€6,514€9,440€33,188€33,625€25,115▼ 25.3%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€176,338€184,467€166,442€166,368€154,203€184,170€165,377€194,234▲ 17.4%
Fixed assets21/28€2,379€777€164-€0€3,063€2,499€1,253▼ 49.8%
Tangible fixed assets22/27€2,379€777€164-€0€3,063€2,499€1,253▼ 49.8%
Plant, machinery and equipment23----€0€0€0€0-
Furniture and vehicles24----€0€3,063€2,499€1,253▼ 49.8%
Current assets29/58€173,959€183,690€166,278€166,368€154,203€181,107€162,878€192,980▲ 18.5%
Amounts receivable within one year40/41€15,899€16,135€14,469€13,285€10,291€19,469€18,203€30,580▲ 68.0%
Trade receivables40---€568€10,062€19,469€15,703€26,580▲ 69.3%
Other amounts receivable41---€12,718€230€0€2,500€4,000▲ 60.0%
Current investments50/53-----€0---
Cash at bank and in hand54/58€158,060€167,555€151,309€153,083€142,675€160,361€143,990€161,646▲ 12.3%
Deferred charges and accrued income490/1----€1,237€1,277€685€755▲ 10.3%
Equity and liabilities
Total equity and liabilities10/49€176,338€184,467€166,442€166,368€154,203€184,170€165,377€194,234▲ 17.4%
Equity10/15€146,603€170,177€159,499€136,012€130,452€163,640€153,265€178,381▲ 16.4%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Contributions outside capital11---€6,200-----
Share premium1100/10---€6,200-----
Reserves13€115,860€135,860€120,860€90,860€84,860€115,860€102,860€126,860▲ 23.3%
Non-distributable reserves130/1---€90,860€84,860€114,000€101,000€125,000▲ 23.8%
Reserves not available under the articles1311---€1,860€1,860€0---
Own shares acquired1312------€0--
Other1319---€89,000€83,000€114,000€101,000€125,000▲ 23.8%
Distributable reserves133-----€1,860€1,860€1,860=
Profit (loss) carried forward14€24,543€28,117€32,439€38,952€39,392€41,580€44,205€45,321▲ 2.5%
Amounts payable17/49€29,735€14,291€6,943€30,356€23,751€20,530€12,112€15,853▲ 30.9%
Amounts payable within one year42/48€29,735€14,291€6,943€30,356€23,751€20,530€12,112€15,853▲ 30.9%
Trade debts44€2,174€3,241€1,712€356€894€7,967€744€1,048▲ 40.8%
Suppliers440/4---€356€894€7,967€744€1,048▲ 40.8%
Taxes, remuneration and social security45----€7,380€11,712€10,973€13,841▲ 26.1%
Taxes450/3----€7,380€11,712€10,973€10,228▼ 6.8%
Remuneration and social security454/9----€0€0€0€3,612-
Other amounts payable47/48---€30,000€15,477€851€394€964▲ 145%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€45,938€37,860€14,322€6,514€9,440€33,188€33,625€25,115▼ 25.3%
+ Depreciation and write-downs630€2,776€1,601€614€164-€66€1,160€1,246▲ 7.3%
Operating cash flow (approximation)€48,714€39,461€14,936€6,677€9,440€33,253€34,786€26,361▼ 24.2%
Investment in fixed assets (approximation)-€0€0---€3,128-€597€0-
Change in cash-€9,495-€16,246€1,775-€10,408€17,686-€16,371€17,655-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 07-10-2026 2026-00549366 NBB
31-03-2025 micro format 26-10-2025 2025-00549522 PDF
31-03-2024 micro format 02-10-2024 2024-00487818 PDF
31-03-2023 micro format 16-10-2023 2023-00485976 PDF
31-03-2022 micro format 31-10-2022 2022-20479445 PDF
31-03-2021 micro format 02-11-2021 2021-75900503 PDF
31-03-2020 micro format 30-09-2020 2020-57100156 PDF
31-03-2019 micro format 01-10-2019 2019-67600298 PDF
31-03-2018 micro format 28-09-2018 2018-66100195 PDF
31-03-2017 micro format 26-09-2017 2017-62800214 PDF

Show all 23 filings

Board & ownership

Directors

Directors
1 director, last change in 2024
Cauterts Vincent
Director · listed in the 2026 annual accounts, filed on 07-10-2026
Current
Office holders in the KBO →

Owners and capital

Shareholders

1 owner

Owners 1

Capital transactions

Shareholders according to the deeds
Stated in the act act of 25-01-2024 ↗
Capital over time
  1. 25-01-2024 Converted to unavailable equity
  2. 25-01-2024 Converted to available equity

Mandate history

2 people, 1 in office
Show
  • Board
  • began earlier
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
Cauterts Vincent
  • Director, since before 31-03-2026
CAUTAERTS Vincent Jean-Paul Bernard
  • Manager, until 25-01-2024
  • Director (not named in the articles), appointed in the act of 25-01-2024, no longer listed in the 2026 annual accounts
See the board, name and registered office on a given date →

Network & group

Connections & network

1 current director
Depth

The network starts from the directors of CIPHER BRAIN. Every other company they run is a node.

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Timeline

Acts, filings and financial milestones

Deadline for the 2027 accounts: 31-10-2027
2026
07-10
NBB filing Annual accounts 2026 filedNBB
micro format · 24 days before the deadline
2025
26-10
NBB filing Annual accounts 2025 filedPDF
micro format · 5 days before the deadline
2024
02-10
NBB filing Annual accounts 2024 filedPDF
micro format · 29 days before the deadline
31-03
Financial Equity above €150,000equity €163,640 ▲25.4%
With a profit in every financial year since 2019, equity grows to €163,640.
25-01
Gazette deed Change of role: CAUTAERTS Vincent Jean-Paul Bernard, from manager to director
Shareholding · Legal form clause · Capital conversion21 points ▸
  • CAUTAERTS Vincent Jean-Paul Bernard holds all the shares
  • General meeting, 26-12-2023
  • Other provision, “constitution validité assemblée” (deed in French)
  • Other provision, “application Code des sociétés et des associations, article 39 loi 23-03-2019” (deed in French)
  • Legal form clause, “société à responsabilité limitée (SRL)” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital conversion, “compte de capitaux propres dénommé apport disponible hors capital” (deed in French)
  • Other provision, “rapport organe d'administration sur modification objet article 5:101 CSA, dépôt au greffe du tribunal de l’entreprise compétent avec expédition du procès-verbal” (deed in French)
  • Capital
  • Power of attorney
  • Director resignation, CAUTAERTS Vincent Jean-Paul Bernard (manager)
  • Director appointment, CAUTAERTS Vincent Jean-Paul Bernard (director (not named in the articles))
  • The act holds 9 more points.

Open the act in the Belgian Official Gazette

2023
16-10
NBB filing Annual accounts 2023 filedPDF
micro format · 15 days before the deadline
2022
31-10
NBB filing Annual accounts 2022 filedPDF
micro format · on the deadline day
31-03
Financial Weakest financial yearnet €6,514 ▼54.5%
The net result drops to €6,514, the lowest from 2019 to 2026. It recovers the following year.
2021
02-11
NBB filing Annual accounts 2021 filedPDF
micro format · 2 days late
2020
30-09
NBB filing Annual accounts 2020 filedPDF
micro format · 31 days before the deadline
31-03
Financial Liquidity more than doubledcurrent ratio 12.85
The current ratio rises from 5.85 to 12.85. Short-term debt falls from €29,735 to €14,291.
31-03
Financial Equity above €150,000equity €170,177 ▲16.1%
With a profit in every financial year since 2019, equity grows to €170,177.
Show earlier events
2019
01-10
NBB filing Annual accounts 2019 filedPDF
micro format · 30 days before the deadline
2018
28-09
NBB filing Annual accounts 2018 filedPDF
micro format · 33 days before the deadline
2017
26-09
NBB filing Annual accounts 2017 filedPDF
micro format · 35 days before the deadline
2002
28-05
Gazette deed Incorporation

Show all 23 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 16 May 2002, CIPHER BRAIN was incorporated.1 Total assets went from €176,338 in 2019 to €194,234 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Register details

Identity

KBO record
Name CIPHER BRAIN in French
Enterprise number 0477.502.096
Legal form Private limited company
Status Active, normale toestand
Founded 16-05-2002
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-01-2024 (in French)

Registered office and establishments

Registered office Avenue Léopold 3, 1330 Rixensart, Belgium
Establishment unit CIPHER BRAIN, Avenue Léopold 3, 1330 Rixensart since 23-05-2002 · unit number 2.100.586.270
E-mail info@cipherbrain.beRixensart

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity
Codes under NACEBEL 2003
72100 main activity

Invoicing and payment

VAT number BE 0477.502.096
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0477502096
Other Peppol ID 9925:BE0477502096
Registered 17-09-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 19:00
deed of 25-01-2024 (in French)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
1,211 m²
Building footprint
151 m²
Building volume
1,052 m³
Cadastral parcel Region Area Buildings Height / floors
25091A0250/00D000 Wallonia 1,211 m² 1 · 151 m² 10.0 m · 2

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