NETBRAIN

Active Private limited companyfounded 2004active for 22 yearsGodfroid Kurthstraat 21, 1140 EvereKBO/BCE: BE 0864.857.047 #7 company by total assets in Evere, Construction sector

NETBRAIN

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Overview

Lifetime

19 annual accounts with figures on one time axis, 21 filings since 2004

Compare with

peak of €593,181 in 2013

€68,023▲ 479%

lowest -€209,529 in 2024

-€189,537▲ €19,992

peak of €1.8m in 2020

€889,752▼ 17.6%

€2.7m▲ 31.3%

peak of 1 FTE in 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 accounts

Equity

€889,752 from €1.8m in 2020

Equity fell by 51% in 5 years.

Losses

-€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 times 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 in 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

Small
20 years or older
solvency 10 to 30%
a small loss

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.

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	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

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

Board and ownership

Director

Board & ownership

Recent changes

01-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0864857047

13-10-2021

Registered office moved to Evere The registered office moved to 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

21-04-2004

Incorporation published on 30-04-2004 · Gazette deed

21-04-2004

First establishment Godfroid Kurthstraat 21, Evere

All 35 events

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

Company details

Annual accounts to 30-06-2025

: €68,023▲ 479%
: ≈ €330,000estimated
: €189,537▼ 9.5%
: €889,752▼ 17.6%
: €3.9m▲ 12.4%
: ≈ 0.6 FTEestimated
Filing: Filed on 30-01-2026, 1 day before the end of the filing period

Financials

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.

Financials

Annual accounts 2025

micro format, filed on 30-01-2026, 1 day before the deadline

€68,023

▲ 479%

-€124,852

▲ €40,258

-€189,537

▲ €19,992

-€497,176

▼ €771,216

22.5%

▼ 8.2 percentage points

0.21

▼ 2.16

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €330,000. Estimated: probably between €250,000 and €660,000.

In the rankings #7 company by total assets in Evere, Construction sector

Balance sheet

balance sheet total €3.9m on 30-06-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

22.5%

Higher than 24% of 37,271 companies in 2025.

0.21

Lower than 95% of 36,564 companies in 2025.

-4.8%

Higher than 16% of 36,799 companies in 2025.

NETBRAIN Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	200918 months	2007	2006
Balance sheet: assets
`20/58`	3.9m	3.5m	3.1m	2.5m	2.2m	2.5m	1.7m	1.8m	1.8m	1.9m	2.0m	2.1m	2.2m	1.1m	840,060	895,639	819,830	197,392	176,329
`21/28`	3.8m	3.0m	2.0m	1.0m	57,922	69,121	1.7m	1.7m	1.8m	1.8m	1.9m	1.9m	2.0m	117,826	112,285	126,649	584,341	151,022	133,966
`22/27`	3.8m	3.0m	2.0m	1.0m	48,574	59,773	1.6m	1.7m	1.8m	1.8m	1.9m	1.9m	2.0m	110,741	105,200	119,564	577,256	143,937	126,881
`22`	3.8m	3.0m	2.0m	977,644	-	-	1.6m	1.7m	1.7m	1.8m	1.8m	1.9m	2.0m	80,845	85,016	89,187	555,733	129,935	102,841
`24`	16,108	18,244	19,737	29,494	42,282	55,393	758	3,670	8,415	6,153	5,611	8,761	10,716	12,649	15,768	25,562	16,066	14,002	24,040
`26`	2,021	2,394	2,767	4,319	6,292	4,379	5,979	7,579	9,179	10,778	12,378	13,978	18,858	17,247	4,416	4,815	5,457	-	-
`28`	-	9,348	9,348	9,348	9,348	9,348	9,348	9,348	9,348	9,348	9,798	9,798	9,798	7,085	7,085	7,085	7,085	7,085	7,085
`29/58`	131,116	474,435	1.1m	1.5m	2.2m	2.4m	80,543	60,644	63,694	72,311	114,554	169,712	225,277	1.0m	727,775	768,990	235,489	46,370	42,363
`29`	-	139,220	150,543	165,364	175,929	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`291`	-	139,220	150,543	165,364	175,929	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	727,989	516,166	514,137	-	-	-
`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	727,989	516,166	514,137	-	-	-
`40/41`	65,017	73,802	107,619	189,016	144,732	77,453	42,447	29,495	26,779	46,334	74,771	76,534	33,589	77,804	38,527	89,751	58,971	46,358	36,884
`40`	44,300	54,947	93,103	74,805	127,256	64,570	35,841	23,776	18,995	31,420	61,823	63,815	29,722	56,464	16,521	67,644	44,171	36,095	28,883
`41`	20,717	18,855	14,516	114,211	17,476	12,883	6,606	5,719	7,784	14,915	12,948	12,719	3,867	21,340	22,006	22,107	14,800	10,263	8,001
`50/53`	0	0	745,038	995,050	899,999	1	1	1	1	1	1	1	-	2	1	1	2	2	-
`54/58`	54,086	244,354	73,136	141,039	937,014	2.3m	35,448	27,479	32,220	22,533	29,402	63,664	177,016	193,000	172,690	164,725	174,226	-	5,459
`490/1`	12,014	17,060	9,820	4,151	2,552	7,267	2,647	3,669	4,694	3,442	10,380	29,513	14,672	1,474	391	376	2,290	10	20
Balance sheet: equity and liabilities
`10/49`	3.9m	3.5m	3.1m	2.5m	2.2m	2.5m	1.7m	1.8m	1.8m	1.9m	2.0m	2.1m	2.2m	1.1m	840,060	895,639	819,830	197,392	176,329
`10/15`	889,752	1.1m	1.3m	1.4m	1.6m	1.8m	539,599	593,929	559,096	497,181	401,946	398,828	512,620	290,251	320,878	362,882	377,421	81,255	65,230
`10/11`	8,060	8,060	8,060	8,060	8,060	8,060	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`13`	1.3m	1.4m	1.4m	1.4m	1.4m	1.4m	33,244	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`132`	1.2m	1.2m	1.2m	1.2m	1.3m	1.3m	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	144,966	144,966	144,966	144,966	144,966	144,966	31,384	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-442,577	-282,532	-99,983	-18,494	181,940	400,155	500,155	585,869	551,036	489,121	393,886	390,768	504,560	282,191	312,818	354,822	369,361	73,195	57,170
`16`	393,101	402,932	411,925	416,501	419,377	419,377	-	-	-	-	-	-	-	-	-	-	-	-	-
`168`	393,101	402,932	411,925	416,501	419,377	419,377	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	2.7m	2.0m	1.4m	714,891	205,678	260,364	1.2m	1.2m	1.3m	1.4m	1.6m	1.7m	1.7m	827,844	519,182	532,757	442,409	116,137	111,099
`17`	2.0m	1.8m	1.3m	619,917	8,462	27,933	928,998	1.0m	1.1m	1.2m	1.3m	1.4m	63,620	66,239	468,731	471,104	400,000	-	-
`170/4`	2.0m	1.8m	1.3m	619,917	8,462	27,933	928,998	1.0m	1.1m	1.2m	1.3m	1.4m	63,620	66,239	468,731	471,104	400,000	-	-
`42/48`	628,292	200,395	124,276	92,910	197,077	232,406	254,757	134,164	129,126	147,904	239,034	251,739	1.6m	759,774	47,791	59,790	39,247	115,831	111,082
`42`	137,825	122,580	84,807	55,560	24,471	24,257	119,904	114,070	106,269	105,447	110,188	107,290	6,543	6,469	6,398	6,331	5,000	-	-
`43`	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	-	-	-	-	80,805	80,000
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	-	-	-	-	80,805	80,000
`44`	21,706	22,201	3,570	2,369	10,547	4,780	3,883	3,685	2,298	1,302	73,554	3,722	4,310	3,179	392	29,197	9,292	16,235	3,241
`440/4`	21,706	22,201	3,570	2,369	10,547	4,780	3,883	3,685	2,298	1,302	73,554	3,722	4,310	3,179	392	29,197	9,292	16,235	3,241
`46`	-	-	-	-	-	-	-	-	-	-	-	-	14,974	-	-	2,760	-	-	-
`45`	33,224	38,899	25,293	12,609	10,016	36,493	18,017	10,304	7,695	6,590	7,469	114,405	94,385	14,522	16,001	19,770	15,352	10,727	12,418
`450/3`	33,224	30,872	20,961	12,609	10,016	36,493	18,017	10,304	7,695	6,590	7,469	114,405	94,385	14,522	16,001	12,383	11,013	10,727	12,418
`454/9`	-	8,027	4,332	-	-	-	-	-	-	-	-	-	-	-	-	7,387	4,339	-	-
`47/48`	435,537	16,715	10,607	22,371	152,043	166,875	112,954	6,105	12,865	34,565	47,823	26,322	8,375	735,604	25,000	1,732	9,603	8,064	15,423
`492/3`	2,274	152	2,099	2,064	139	25	8,067	5,748	492	1,524	-	3,558	13,721	1,831	2,660	1,863	3,162	306	17
Income statement
`76A`	-	-	-	4,960	-	-	-	-	-	50	-	10,800	-	-	-	4,876	555,544	-	307
`9900`	68,023	11,749	40,387	-15,268	-55,123	88,070	156,763	165,726	195,510	217,444	127,740	-5,320	593,181	38,155	69,410	87,964	95,394	50,940	34,248
`62`	21,123	33,805	33,163	-	-	-	-	-	-	-	-	-	-	-89	45,907	64,703	69,967	-	-
`630`	127,579	124,015	61,626	170,649	14,927	10,407	57,370	59,421	60,058	58,874	58,446	58,482	264,370	19,150	21,149	25,068	134,975	20,370	13,236
`640/8`	44,174	19,039	19,619	11,597	2,897	23,411	22,928	22,483	21,737	23,514	23,079	1,109	1,949	2,254	3,068	2,193	4,186	1,560	677
`66A`	-	-	-	-	-	-	-	-	-	-	-	15,078	-	-	-	-	-	-	-
`9901`	-124,852	-165,110	-74,021	-197,515	-72,947	54,252	76,466	83,821	113,715	135,056	46,215	-64,911	326,862	16,840	-714	-4,000	-113,734	29,010	20,335
`75/76B`	1,136	1,769	312	395	147	1.8m	374	-	-	1	9	236	2,187	886	1,065	1,060	20,749	14	266
`75`	1,136	1,769	312	395	147	-	374	-	-	1	9	236	2,187	886	1,065	1,060	20,749	14	266
`76B`	-	-	-	-	-	1.8m	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	75,288	54,811	25,705	14,445	2,193	37,482	32,738	34,381	37,383	39,644	43,056	44,475	17,576	23,140	17,355	16,475	9,100	5,806	5,000
`65`	75,288	54,811	25,705	14,445	2,193	37,482	32,738	34,381	37,383	39,644	43,056	44,475	17,576	23,140	17,355	16,475	9,100	5,806	5,000
`9903`	-199,004	-218,153	-99,414	-211,565	-74,992	1.8m	44,102	49,440	76,332	95,463	3,168	-113,428	311,473	-5,414	-17,004	-14,539	453,459	23,218	15,908
`780`	9,831	8,993	4,575	2,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	364	369	377	373	366	53,248	12,718	14,607	14,417	227	50	364	89,104	213	-	-	157,293	7,193	9,859
`9904`	-189,537	-209,529	-95,216	-209,062	-75,358	1.4m	31,384	34,833	61,914	95,236	3,118	-113,792	222,369	-5,627	-17,004	-14,539	296,166	16,025	6,049
`789`	29,492	26,980	13,726	8,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	1.3m	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	-160,045	-182,549	-81,489	-200,434	-75,358	113,582	31,384	34,833	61,914	95,236	3,118	-113,792	222,369	-5,627	-17,004	-14,539	296,166	16,025	6,049
Appropriation of the result
`9906`	-442,577	-282,532	-99,983	-18,494	324,797	613,737	617,253	585,869	551,036	489,121	393,886	390,768	504,560	307,191	337,818	354,822	369,361	73,195	57,170
`14P`	-282,532	-99,983	-18,494	181,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	113,582	31,384	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	-	-	-	-	-	113,582	31,384	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	-	-	-	-	142,857	100,000	85,714	-	-	-	-	-	-	25,000	25,000	-	-	-	-
`694`	-	-	-	-	142,857	100,000	85,714	-	-	-	-	-	-	25,000	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	-	-	-	-
Social balance sheet
`9087`	-	1	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	-	-
Hours worked`1013`	-	1,792	-	-	-	-	-	-	-	-	-	-	-	-	1,466	1,930	2,158	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 2 older financial years, from 2004 to 2005, were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	30-01-2026	2026-00030625	PDF
30-06-2024	micro format	30-01-2025	2025-00022069	PDF
30-06-2023	micro format	30-01-2024	2024-00021096	PDF
30-06-2022	micro format	31-03-2023	2023-00053140	PDF
30-06-2021	micro format	31-01-2022	2022-03500137	PDF
30-06-2020	micro format	05-02-2021	2021-05000267	PDF
30-06-2019	micro format	24-01-2020	2020-02100116	PDF
30-06-2018	micro format	31-01-2019	2019-03900595	PDF
30-06-2017	micro format	31-01-2018	2018-03800290	PDF
30-06-2016	full format	09-01-2017	2017-00700364	PDF
30-06-2015	full format	21-12-2015	2015-69900124	PDF
30-06-2014	full format	29-01-2015	2015-03400037	PDF
30-06-2013	full format	14-02-2014	2014-04000160	PDF
30-06-2012	full format	12-02-2013	2013-03300369	PDF
30-06-2011	full format	13-02-2012	2012-03200275	PDF
30-06-2010	full format	14-02-2011	2011-03200330	PDF
30-06-2009	full format	27-01-2010	2010-02600298	PDF
31-12-2007	full format	30-09-2008	2008-75800336	PDF
31-12-2006	full format	17-08-2007	2007-57300381	PDF
31-12-2005	full format	31-07-2006	2006-56202419	PDF
31-12-2004	full format	28-07-2005	2005-56602777	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	200918 months	2007	2006
2,726	-41,095	-12,395	-26,865	-58,020	64,659	133,836	143,243	173,773	193,930	104,661	-6,429	591,232	35,990	20,435	21,068	21,241	49,380	33,571
-61,958	-85,513	-33,589	-38,413	-60,431	1.4m	88,754	94,255	121,973	154,110	61,564	-55,310	486,739	13,523	4,145	10,529	431,141	36,395	19,285
916,203	1.2m	1.0m	1.1m	3,728	63,442	0	0	7,428	4,524	404	13,432	2.1m	24,690	6,786	48,251	698,229	37,427	36,236
-190,268	171,218	-67,903	-795,975	-1.4m	2.3m	7,969	-4,741	9,687	-6,869	-34,262	-113,352	-15,984	20,310	7,965	-9,501	-	-	-
-497,176	274,040	961,879	1.4m	2.0m	2.2m	-174,214	-73,520	-65,432	-75,593	-124,480	-82,027	-1.4m	240,495	679,984	709,200	196,242	-69,461	-68,719
22.5%	30.7%	41.9%	55.0%	71.8%	72.7%	31.2%	33.6%	30.5%	26.3%	20.2%	19.0%	23.1%	26.0%	38.2%	40.5%	46.0%	41.2%	37.0%
0.21	2.37	8.74	16.09	10.96	10.42	0.32	0.45	0.49	0.49	0.48	0.67	0.14	1.32	15.23	12.86	6.00	0.40	0.38
0.21	2.37	8.74	16.09	10.96	10.42	0.32	0.45	0.49	0.49	0.48	0.67	0.14	0.36	4.43	4.26	6.00	0.40	0.38
3.00	1.88	1.07	0.52	0.13	0.14	2.21	1.98	2.28	2.81	3.95	4.27	3.33	2.85	1.62	1.47	1.17	1.43	1.70
-21.3%	-19.4%	-7.4%	-15.1%	-4.7%	75.7%	5.8%	5.9%	11.1%	19.2%	0.8%	-28.5%	43.4%	-1.9%	-5.3%	-4.0%	78.5%	19.7%	9.3%
-4.8%	-6.0%	-3.1%	-8.3%	-3.4%	55.1%	1.8%	2.0%	3.4%	5.0%	0.2%	-5.4%	10.0%	-0.5%	-2.0%	-1.6%	36.1%	8.1%	3.4%
0.04	-0.75	-0.48	-1.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-06-2024	30-06-2023
Employees at the balance-sheet date	1	-
full-time	1	-
in full-time equivalents	1	-
	1	-
On a permanent contract	1	-
Joined	-	1
Left	-	0

Source: social balance sheet in the 2023 to 2024 annual accounts

Investments

fixed assets acquired

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€916,203	€1.2m	€1.0m	€1.1m
	€127,579	€124,015	€61,626	€170,649

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on NETBRAIN

The operating result for 2025 is a loss of €124,852, smaller than the loss of €165,110 in 2024.

Debt's share of the balance-sheet total rises from 57.8% to 67.5%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors

Director

listed in the 2025 annual accounts, filed on 30-01-2026

Director

listed in the 2025 annual accounts, filed on 30-01-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director

Boardmandate already running before its first mention

Mandates as a list

- Director, since before 30-06-2023
- Director, since before 30-06-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €8,060
Source: 2025 annual accounts

Articles of association

deed of 13-10-2021 (in French)

Duration: Unlimited
Annual meeting: Second Friday of December at 11:00

Capital transactions

Capital over time

13-10-2021 Converted to unavailable equity
13-10-2021 Converted to available equity

Network & group

Holdings

own accounts to 30-06-2012, the bar shows equity in euros

This companyNETBRAIN1 holding, 1 country accounts to 30-06-2012

Belgium 1 Equity Result

BE 33% €529 result -€1,812

Source: list of holdings in its own 30-06-2012 accounts. Every holding stands with its own latest accounts.

At the same address

Godfroid Kurthstraat 21, 1140 Evere · 3 other companies

les raideurs registered office since 24-02-2010	founded in 2010 0823.518.716
FALCON TEAM registered office since 14-03-1989	founded in 1989 0438.063.777
Association des copropriétaires de la Résidence Angelina à Evere, Rue Godefroid Kurth, 21-23 registered office since 12-03-1969	founded in 1969 0840.324.856

Holdings through the years

2006 to 2012

Holdings through the years
Name	2006	2007	2009	2010	2011	2012
2006 to 2009: 16.67% 2010 to 2012: 33%	16.67%			33%

Source: list of holdings in its own accounts

Timeline

35 events since 2004

Board

Filings

Financial

Establishments

Address

200420062008201020122014201620182020202220242026

The 2026 accounts are due by 31-01-2027.

2026

30-01-2026

Annual accounts 2025 filed PDFmicro format · 1 day before the deadline

2025

01-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0864857047

30-01-2025

Annual accounts 2024 filed PDFmicro format · 1 day before the deadline

2024

30-06-2024

Weakest financial year net -€209,529 The net result drops to -€209,529, the lowest from 2006 to 2025. It recovers the following year.

30-01-2024

Annual accounts 2023 filed PDFmicro format · 1 day before the deadline

2023

31-03-2023

Annual accounts 2022 filed PDFmicro format · 59 days late

2022

31-01-2022

Annual accounts 2021 filed PDFmicro format · on the deadline day

2021

13-10-2021

Registered office moved to EvereThe registered office moved to rue Godefroid Kurth 21 boîte 01, 1140 Evere · Registered office clause: rue Godefroid Kurth 21 boîte 01, 1140 Evere · General meeting of 08-10-20213 points ▸

General meeting, 08-10-2021
Registered-office move, rue Godefroid Kurth 21 boîte 01, 1140 Evere
Registered office clause, rue Godefroid Kurth 21 boîte 01, 1140 Evere
The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

05-02-2021

Annual accounts 2020 filed PDFmicro format · 5 days late

2020

30-06-2020

Highest result from 2006 to 2025 net €1.4m ▲4,271% The net result of €1.4m is the highest of those years.

30-06-2020

Liquidity more than 32 times current ratio 10.42 The current ratio rises from 0.32 to 10.42. Short-term debt falls from €254,757 to €232,406.

30-06-2020

Equity above €1m equity €1.8m ▲236% After 6 profitable years in a row, equity reaches €1.8m.

24-01-2020

Annual accounts 2019 filed PDFmicro format · 7 days before the deadline

2019

31-01-2019

Annual accounts 2018 filed PDFmicro format · on the deadline day

2018

31-01-2018

Annual accounts 2017 filed PDFmicro format · on the deadline day

2017

09-01-2017

Annual accounts 2016 filed PDFfull format · 22 days before the deadline

2015

21-12-2015

Annual accounts 2015 filed PDFfull format · 41 days before the deadline

30-06-2015

Back to profit net €3,118 The net result is €3,118, after one loss-making year.

29-01-2015

Annual accounts 2014 filed PDFfull format · 2 days before the deadline

2014

14-02-2014

Annual accounts 2013 filed PDFfull format · 14 days late

2013

30-06-2013

Back to profit net €222,369 The net result is €222,369, after 3 loss-making years.

30-06-2013

Equity above €500,000 equity €512,620 ▲76.6% Equity rises from €290,251 to €512,620.

12-02-2013

Annual accounts 2012 filed PDFfull format · 12 days late

2012

13-02-2012

Annual accounts 2011 filed PDFfull format · 13 days late

2011

14-02-2011

Annual accounts 2010 filed PDFfull format · 14 days late

2010

30-06-2010

Liquidity more than doubled current ratio 12.86 The current ratio rises from 6.00 to 12.86.

27-01-2010

Annual accounts 2009 filed PDFfull format · 4 days before the deadline

2009

30-06-2009

Liquidity more than 14 times current ratio 6.00 The current ratio rises from 0.40 to 6.00. Short-term debt falls from €115,831 to €39,247.

30-06-2009

Equity above €200,000 equity €377,421 ▲364% With a profit in every financial year since 2006, equity grows to €377,421.

2008

30-09-2008

Annual accounts 2007 filed PDFfull format · 61 days late

2007

17-08-2007

Annual accounts 2006 filed PDFfull format · 17 days late

2006

31-07-2006

Annual accounts 2005 filed PDFfull format

2005

28-07-2005

Annual accounts 2004 filed PDFfull format

2004

21-04-2004

Incorporation PDFpublished on 30-04-2004

21-04-2004

First establishment Godfroid Kurthstraat 21, Evere

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

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

NETBRAIN was incorporated on 21 April 2004.¹ The registered office was moved to Evere in 2021.² Total assets rose from €1.7m in 2019 to €3.9m in 2025.³

Company details

Identity

Enterprise number: 0864.857.047
VAT number: BE 0864.857.047
Peppol ID: 0208:0864857047
Legal form: Private limited company
Status: Active, normal situation
Founded: 21-04-2004
Financial year: ends on 30 June
Annual meeting: Second Friday of December at 11:00
deed of 13-10-2021 (in French)
Peppol: Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: NETBRAIN in French
Entity type: Legal entity
Duration: Unlimited
deed of 13-10-2021 (in French)
Registered office clause: “Région de Bruxelles-Capitale”
deed of 13-10-2021 (in French)

Activities

NACEBEL 2025

43990 Other specialised construction activities main activity

Joint committees annual accounts 30-06-2025

JC 200 Auxiliary committee for white-collar workers

Codes under NACEBEL 2008

43999 Specialised construction activities main activity

Codes under NACEBEL 2003

45250 main activity

Registered office and establishments

1 establishment

Establishment	Start date	Unit number
Godfroid Kurthstraat 21 registered office 1140 Evere 61100 Wired, wireless and satellite telecommunications	21-04-2004	2.138.847.327

Buildings and parcels at the address

Ground area: 268 m²
Buildings: 163 m²
Volume, LiDAR: 2,494 m³
Tallest building: 17.9 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

4 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
21372D0221/00B004	268 m²	1 · 163 m²	17.9 m · 5

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0864.857.047

Overview

Lifetime

Key points

Equity

Losses

Investments

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts to 30-06-2025

Insights on NETBRAIN

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency22.5%

Current ratio0.21

Return on assets-4.8%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on NETBRAIN

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Capital transactions

Network & group

Holdings

Belgium 1 Equity Result

At the same address

Holdings through the years

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment

in €m

in euro

22.5%

0.21

-4.8%