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SHARP BRAIN

Active
Public limited companyfounded 201115 yrs activeTervuursesteenweg 159/0001, 3060 Bertem, BelgiumKBO/BCE: BE 0837.677.152
Summary

SHARP BRAIN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209,729 and a net result of €115,445. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 2834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency97▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 7.06 against 3.05 in 2023; short-term debt: 14.2% and cash: 57.1% of total assets), and 28.1% of the assets are financed with debt.
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Signals

Six 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €209,729
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
3 d early
2021
32 d early
2020
31 d early
2019
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 June 2011, SHARP BRAIN was incorporated.1 Total assets went from EUR 128,907 in 2018 to EUR 291,622 in 2024 and headcount from 2 to 2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€209,729▲ 122%
2023 · €94,283
Total assets
€291,622▲ 108%
2023 · €140,345
Net result
€115,445▲ 50.9%
2023 · €76,484
Working capital
€250,334▲ 166%
2023 · €94,283
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€1,557-€17,840€131,637€79,669▼ 39.5%€161,475▲ 103%
Net result-€7,565▲ 67.4%-€26,906▼ 256%€123,423€76,484▼ 38.0%€115,445▲ 50.9%
Equity-€78,718▼ 10.6%-€105,624▼ 34.2%€17,799€94,283▲ 430%€209,729▲ 122%
Total assets€296,923▲ 10.2%€241,021▼ 18.8%€310,970▲ 29.0%€140,345▼ 54.9%€291,622▲ 108%
Debt€375,640▲ 10.3%€346,646▼ 7.7%€293,171▼ 15.4%€46,061▼ 84.3%€81,893▲ 77.8%
Working capital€224,784▼ 3.9%€197,877▼ 12.0%€263,301▲ 33.1%€94,283▼ 64.2%€250,334▲ 166%
Staff (FTE)2=2=2=2=2=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2020: €1,557€1,557Net result 2020: -€7,565-€7,565Operating result 2021: -€17,840-€17,840Net result 2021: -€26,906-€26,906Operating result 2022: €131,637€131,637Net result 2022: €123,423€123,423Operating result 2023: €79,669€79,669Net result 2023: €76,484€76,484Operating result 2024: €161,475€161,475Net result 2024: €115,445€115,44520202021202220232024€0€50,000€100,000€150,000Operating result 2022: €131,637€132,000Net result 2022: €123,423€123,000Operating result 2023: €79,669€79,700Net result 2023: €76,484€76,500Operating result 2024: €161,475€161,000Net result 2024: €115,445€115,000202220232024
The operating result recovers in 2024; 2024 is 103% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €291,622
Equity €209,729 ▲ 122%
Debt €81,893 ▲ 77.8%
Debt's share of the balance-sheet total falls from 32.8% to 28.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
7.06▲
2023 · 3.05
Debt to equity
0.39▼
2023 · 0.49
ROE
55.0%▼
2023 · 81.1%
ROA
39.6%▼
2023 · 54.5%
Debt ≤ 1 year
€41,288▼
2023 · €46,061
Debt > 1 year
€40,000
Income taxes
€45,337
Staff costs
€209,369▲
2023 · €205,463
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€140,345€291,622▲
Current assets29/58€140,345€291,622▲
Amounts receivable within one year40/41€82,988€124,332▲
Trade receivables40€82,300€123,750▲
Other amounts receivable41€688€582▼
Cash at bank and in hand54/58€56,587€166,522▲
Deferred charges and accrued income490/1€770€768▼
Equity and liabilities
Total equity and liabilities10/49€140,345€291,622▲
Equity10/15€94,283€209,729▲
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€2,702€109,729▲
Non-distributable reserves130/1€2,702€10,000▲
Legal reserve130€2,702€10,000▲
Distributable reserves133-€99,729
Profit (loss) carried forward14-€8,418-
Amounts payable17/49€46,061€81,893▲
Amounts payable after more than one year17-€40,000
Other amounts payable178/9-€40,000
Amounts payable within one year42/48€46,061€41,288▼
Trade debts44€6,397€666▼
Suppliers440/4€6,397€666▼
Taxes, remuneration and social security45€38,182€39,140▲
Taxes450/3€8,961€10,002▲
Remuneration and social security454/9€29,221€29,138▼
Other amounts payable47/48€1,482€1,482=
Accrued charges and deferred income492/3-€605
Income statement Code20232024
Remuneration, social security and pensions62€205,463€209,369▲
Other operating charges640/8€956€635▼
Gross operating margin9900€286,089€371,479▲
Operating profit (loss)9901€79,669€161,475▲
Financial charges65/66B€3,185€693▼
Recurring financial charges65€3,185€693▼
Profit (loss) for the period before taxes9903€76,484€160,782▲
Income taxes67/77-€45,337
Profit (loss) for the period9904€76,484€115,445▲
Profit (loss) for the period to be appropriated9905€76,484€115,445▲
Appropriation of the result
Profit (loss) to be appropriated9906-€8,418€107,027▲
Profit (loss) brought forward from the previous period14P-€84,902-€8,418▲
Transfer to equity691/2-€107,027
To the legal reserve6920-€7,298
To other reserves6921-€99,729
Social balance
Average headcount (FTE)90872.02.0=

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€176,956€190,302€205,463€209,369▲ 1.9%
Other operating charges640/8-€583€730€956€635▼ 33.6%
Gross operating margin9900€176,097€159,699€322,670€286,089€371,479▲ 29.8%
Operating profit (loss)9901€1,557-€17,840€131,637€79,669€161,475▲ 103%
Financial charges65/66B-€9,067€8,214€3,185€693▼ 78.2%
Recurring financial charges65€9,122€9,067€8,214€3,185€693▼ 78.2%
Profit (loss) for the period before taxes9903-€7,565-€26,906€123,423€76,484€160,782▲ 110%
Income taxes67/77----€45,337-
Profit (loss) for the period9904-€7,565-€26,906€123,423€76,484€115,445▲ 50.9%
Profit (loss) for the period to be appropriated9905-€7,565-€26,906€123,423€76,484€115,445▲ 50.9%
Line20202021202220232024Change
Assets
Total assets20/58€296,923€241,021€310,970€140,345€291,622▲ 108%
Current assets29/58€296,923€241,021€310,970€140,345€291,622▲ 108%
Amounts receivable within one year40/41€217,859-€50,000€82,988€124,332▲ 49.8%
Trade receivables40--€50,000€82,300€123,750▲ 50.4%
Other amounts receivable41---€688€582▼ 15.5%
Cash at bank and in hand54/58€77,908€239,866€259,815€56,587€166,522▲ 194%
Deferred charges and accrued income490/1-€1,156€1,155€770€768▼ 0.2%
Equity and liabilities
Total equity and liabilities10/49€296,923€241,021€310,970€140,345€291,622▲ 108%
Equity10/15-€78,718-€105,624€17,799€94,283€209,729▲ 122%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10-€100,000€100,000€100,000€100,000=
Issued capital100-€100,000€100,000€100,000€100,000=
Reserves13€2,702€2,702€2,702€2,702€109,729▲ 3,961%
Non-distributable reserves130/1-€2,702€2,702€2,702€10,000▲ 270%
Legal reserve130-€2,702€2,702€2,702€10,000▲ 270%
Distributable reserves133----€99,729-
Profit (loss) carried forward14-€181,419-€208,326-€84,902-€8,418--
Amounts payable17/49€375,640€346,646€293,171€46,061€81,893▲ 77.8%
Amounts payable after more than one year17€300,000€300,000€242,000-€40,000-
Financial debts170/4-€300,000€242,000---
Other amounts payable178/9----€40,000-
Amounts payable within one year42/48€72,139€43,144€47,670€46,061€41,288▼ 10.4%
Trade debts44€619€5,434€1,101€6,397€666▼ 89.6%
Suppliers440/4-€5,434€1,101€6,397€666▼ 89.6%
Taxes, remuneration and social security45-€35,845€38,171€38,182€39,140▲ 2.5%
Taxes450/3-€11,118€11,406€8,961€10,002▲ 11.6%
Remuneration and social security454/9-€24,726€26,765€29,221€29,138▼ 0.3%
Other amounts payable47/48-€1,865€8,398€1,482€1,482=
Accrued charges and deferred income492/3-€3,501€3,501-€605-
Line20202021202220232024Change
Profit (loss) for the period9904-€7,565-€26,906€123,423€76,484€115,445▲ 50.9%
Operating cash flow (approximation)-€7,565-€26,906€123,423€76,484€115,445▲ 50.9%
Change in cash-€161,958€19,949-€203,228€109,935▲ 154%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity doublescurrent ratio 7.06
Current ratio from 3.05 to 7.06; short-term debt falls from €46,061 to €41,288.
31-12
Financial Equity above €200,000Eq €209,729 ▲122%
3 profitable years in a row build equity to €209,729.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €123,423
Net result €123,423 after 4 loss-making years.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
05-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bertem · 2 establishment units since 2011
seat establishment 1 of 2 establishment units on the map
Ground area
8,966 m²
Building footprint
1,003 m²
Volume, LiDAR
2,566 m³
2 parcels, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Tervuursesteenweg 161, 3060 Bertem
Computer programming, consultancy and related activities
since 20112.200.733.723
Place de la Libération 10, 4430 Ans
Computer programming, consultancy and related activities
since 20112.200.734.713
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24009C0223/00L002 Flanders 8,439 m² 1 · 820 m² 15.3 m
24009C0223/00F002 Flanders 527 m² 1 · 183 m² 12.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 14,567 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded27-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
73300Public relations and communication consultancy
77330Rental and leasing activities

Scores and ratios are computed by Checked and are not a credit decision.