Equity
€889,752 from €1.8m in 2020
Equity fell by 51% in 5 years.
NETBRAIN
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €593,181 (2013)
€68,023▲ 479%
lowest -€209,529 (2024)
-€189,537▲ €19,992
peak €1.8m (2020)
€889,752▼ 17.6%
€2.7m▲ 31.3%
peak 1 FTE (2009)
-not published
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €11,749 to €68,023Loss of €189,537Equity from €1.1m to €889,752Debts from €2.0m to €2.7mInvestments €906,855Cash from €244,354 to €54,086
Key points
from the 2025 annual accountsLosses
-€778,701 in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Investments
€916,203 7.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 26.3% higher than in 2024.
Liquidity
0.21 was 2.37 in 2024
Short-term debts rose from €200,395 to €628,292.
Filings
21 annual accounts since 2004
Two of the last ten came late. The 2022 accounts came latest: 59 days after the end of the period.
Position in the sector
-€189,537
Lower net result than 95% of companies in specialised construction. Sector median €9,996 · 37,253 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,506 companies had the same profile as NETBRAIN has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,506 companies, not a prediction for NETBRAIN. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0864857047
Registered office moved to Evere
New registered office: rue Godefroid Kurth 21 boîte 01, 1140 Evere · Registered office clause: rue Godefroid Kurth 21 boîte 01, 1140 Evere · General meeting of 08-10-2021 · Gazette deed
Incorporation
published on 30-04-2004 · Gazette deed
First establishment
Godfroid Kurthstraat 21, Evere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NETBRAIN Evere | €3.9m | €68,023 | 22.5% | - |
| SOGIBO Liège | €4.1m | €80,754 | 33.6% | - |
| HEDERA Veurne | €2.9m | €62,394 | 78.5% | - |
| INFRASPORT Essen | €2.6m | €45,526 | 99.1% | - |
| AKSUBOUW Genk | €2.1m | €79,245 | -0.4% | - |
| CB-Bouwprojecten Willebroek | €2.3m | €94,636 | 33.9% | 0 |
| Pierre DELBEKE Court-Saint-Etienne | €2.7m | €85,822 | 98.5% | - |
These companies have the same main activity as NETBRAIN: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €2.1m and €4.1m, founded between 1992 and 2009.
Official details
Source: KBO- Status
- Active since 21-04-2004Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.138.847.3271140 Evere, since 21-04-2004
- Financial year end
- 30 June
- Peppol
- Reachable since 01-12-2025
Annual accounts to 30-06-2025
- ≈ €330,000estimated
- €3.9m▲ 12.4%
- ≈ 0.6 FTEestimated
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on NETBRAIN
NETBRAIN files the micro format. That format states no turnover. The gross margin rose from €34,248 in 2006 to €68,023 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
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 NETBRAIN
- What is the company number of NETBRAIN?
- The company number of NETBRAIN is 0864.857.047. The VAT number is the same number with BE in front: BE 0864.857.047.
- Where is NETBRAIN based?
- The registered office is at Godfroid Kurthstraat 21, 1140 Evere.Company details
- What does NETBRAIN do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of NETBRAIN?
- NETBRAIN is a private limited company (BV).
- When was NETBRAIN founded?
- NETBRAIN was founded on 21-04-2004.
- Is NETBRAIN still active?
- Yes, NETBRAIN is an active enterprise in the KBO register.
- How many employees does NETBRAIN have?
- NETBRAIN had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does NETBRAIN fall under?
- In its 30-06-2025 annual accounts, NETBRAIN states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NETBRAIN?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €68,023 and 71 comparable companies (NACE 43990). It probably lies between €250,000 and €660,000.
- Is NETBRAIN profitable?
- In financial year 2025, NETBRAIN made a loss of €189,537.
- Where can I find the annual accounts of NETBRAIN?
- NETBRAIN filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NETBRAIN due?
- NETBRAIN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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