Equity
-€27,742
Debts exceed assets in financial year 2025.
KASPR
Lifetime
15 annual accounts with figures on one time axispeak €81,529 (2011)
-€58,811▲ €23,758
lowest -€82,401 (2024)
-€58,413▲ €23,989
peak €113,072 (2023)
-€27,742▼ €58,413
€134,063▲ 71×
peak 1 FTE (2011)
-not published
Board1 name since 2009
1 directorKEGELS Brian Eddy
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Gross margin from -€82,569 to -€58,811Loss of €58,413Equity from €30,671 to -€27,742Debts from €1,896 to €134,063Cash from €22,628 to €98,185
Key points
from the 2025 annual accountsLosses
-€140,814 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€134,063 126% of the balance sheet
Financial debts 30%Suppliers 25%Other 45%
Of this, €94,063 falls due within a year.
Liquidity
1.13 was 17.18 in 2024
Short-term debts rose from €1,896 to €94,063.
Filings
15 annual accounts since 2011
Ten of the last ten came late. The 2019 accounts came latest: 153 days after the end of the period.
Position in the sector
-€58,413
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 10% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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%▲ +0.1 percentage points 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 09-2025
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%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€27,742
Loss of €58,413, the second in a row (financial year 2025)
lowers risk
Size: total assets €106,321
Liquidity: current ratio 1.13, cash €98,185
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 3% of them on solvency, 31% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as KASPR has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KASPR itself is lower: 0.3% within 12 months. It rests on far more data about KASPR than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 6,907 companies, not a prediction for KASPR. 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.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.13 (17.18 in 2024), below the usual 1.5. Short-term debt is 88.5% and cash 92.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€27,742
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
6 days late
2023
29 days late
2022
30 days late
2021
31 days late
2020
30 days late
2019
153 days late
← 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 42 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0821501314
Company renamed from Brain Cell IT to KASPR
Registered office moved from Antwerp to Kapellen · New registered office: Papenboslaan 22, 2950 Kapellen · Previous registered office: Plantin en Moretuslei 206 bus 702, 2018 Antwerpen · General meeting of 28-02-2024 · Gazette deed
Incorporation
published on 18-12-2009 · Gazette deed
First establishment
Papenboslaan 22, Kapellen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KASPR Kapellen | €106,321 | -€58,811 | -26.1% | - |
| J & G Consulting & Management Edegem | €106,656 | -€6,363 | 99.3% | - |
| BLUE CHERRY Antwerp | €109,634 | -€35,933 | 74.6% | - |
| AppLaunchLab Geel | €100,402 | -€811 | 32.2% | - |
| Aditservice Ravels | €107,950 | -€15,946 | 99.5% | - |
| CYNAL Brussels | €108,779 | -€1,368 | 50.5% | - |
| GREEN MANAGEMENT Brussels | €108,495 | -€19,235 | 84.0% | - |
These companies have the same main activity as KASPR: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €100,000 and €110,000, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 16-12-2009Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.185.108.6072950 Kapellen, since 16-12-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Insights on KASPR
KASPR files the micro format. That format states no turnover. The gross margin fell from €81,529 in 2011 to -€58,811 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KASPR
- What is the company number of KASPR?
- The company number of KASPR is 0821.501.314. The VAT number is the same number with BE in front: BE 0821.501.314.
- Where is KASPR based?
- The registered office is at Papenboslaan 22, 2950 Kapellen.Company details
- What does KASPR do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of KASPR?
- KASPR is a private limited company (BV).
- When was KASPR founded?
- KASPR was founded on 16-12-2009.
- Is KASPR still active?
- Yes, KASPR is an active enterprise in the KBO register.
- What is the turnover of KASPR?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is KASPR profitable?
- In financial year 2025, KASPR made a loss of €58,413.
- Where can I find the annual accounts of KASPR?
- KASPR filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KASPR due?
- KASPR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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