ACTIVE

BRAIN CONCEPT

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Financial year 2025 · closed on 31/12/2025

Net result

16,6 k €

+28.9% YoY

Gross margin

83,3 k €

+18.9% YoY

Equity

61,2 k €

+37.4% YoY

What does BRAIN CONCEPT do?

BRAIN CONCEPT is a Private company with limited liability incorporated in 2004. Its registered office is in Beyne-Heusay.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.579.849

Incorporation

14/12/2004

Legal form

Private company with limited liability

Registered office

Rue des Moulins 127 box B
4610 Beyne-Heusay · WallonieSee on map

Contributed capital

12 440,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	83,3 k €	+18.9%	70,1 k €	+60.0%	43,8 k €	+144%	18 k €	-55.7%	40,6 k €	-24.6%	53,8 k €	+7.0%	50,3 k €	-33.0%	75 k €	+24.5%	60,3 k €	+120%	27,4 k €	+61.9%	16,9 k €	-40.4%	28,4 k €	+92.4%	14,8 k €	-60.3%	37,2 k €	+32.7%	28 k €	+7.8%	26 k €	+20.8%	21,5 k €	-17.5%	26,1 k €	+84.3%	14,2 k €
EBITDA	30,3 k €	-1.9%	30,9 k €	-10.0%	34,3 k €	+193%	11,7 k €	-60.4%	29,6 k €	+115%	13,7 k €	+104%	6,7 k €	-77.1%	29,4 k €	+136%	12,4 k €	+71.1%	7,3 k €	-8.1%	7,9 k €	-53.0%	16,8 k €	+507%	2,8 k €	-88.3%	23,6 k €	+80.6%	13,1 k €	-8.0%	14,2 k €	+75.2%	8,1 k €	-51.2%	16,6 k €	+186%	5,8 k €
Operating result	24,8 k €	+25.1%	19,8 k €	-28.4%	27,6 k €	+369%	5,9 k €	-45.0%	10,7 k €	+350%	-4,3 k €	+60.1%	-10,7 k €	-138%	28,1 k €	+136%	11,9 k €	+123%	5,4 k €	-2.0%	5,5 k €	-60.5%	13,8 k €	+6169%	-227,6 €	-101%	19 k €	+3400%	543,7 €	-62.3%	1,4 k €	+146%	-3,1 k €	-188%	3,5 k €	+51.2%	2,3 k €
Net result	16,6 k €	+28.9%	12,9 k €	-28.7%	18,1 k €	+326%	4,2 k €	-40.5%	7,1 k €	+208%	-6,6 k €	+42.9%	-11,5 k €	-168%	17 k €	+130%	7,4 k €	+90.7%	3,9 k €	+30.6%	3 k €	-64.7%	8,4 k €	+732%	-1,3 k €	-114%	9,6 k €	+483%	-2,5 k €	+4.7%	-2,6 k €	+58.9%	-6,4 k €	-58465%	11 €	-99.1%	1,2 k €
Balance sheet
Equity	61,2 k €	+37.4%	44,6 k €	+40.8%	31,6 k €	+6.1%	29,8 k €	+16.6%	25,6 k €	+0.3%	25,5 k €	-20.5%	32,1 k €	-26.4%	43,6 k €	+64.0%	26,6 k €	+38.4%	19,2 k €	+25.2%	15,3 k €	+23.9%	12,4 k €	+211%	4 k €	-25.1%	5,3 k €	+224%	-4,3 k €	-142%	-1,8 k €	-306%	857,7 €	-88.2%	7,2 k €	+0.2%	7,2 k €
Total assets	101,3 k €	+28.5%	78,8 k €	+5.1%	75 k €	+19.6%	62,7 k €	-1.3%	63,6 k €	-40.0%	106 k €	+5.5%	100,4 k €	+71.6%	58,5 k €	+4.7%	55,9 k €	+127%	24,6 k €	-0.6%	24,7 k €	-31.2%	36 k €	+93.9%	18,6 k €	-51.2%	38 k €	+42.6%	26,7 k €	-30.0%	38,1 k €	-25.7%	51,3 k €	-33.2%	76,9 k €	+197%	25,8 k €
Cash	14 k €	+162%	5,3 k €	-72.0%	19,1 k €	+445%	3,5 k €	-74.1%	13,5 k €	-10.8%	15,1 k €	+54.9%	9,8 k €	-57.4%	22,9 k €	+11.8%	20,5 k €	+57.8%	13 k €	+97.7%	6,6 k €	-66.7%	19,7 k €	+164%	7,5 k €	-57.5%	17,6 k €	+348%	3,9 k €	-52.5%	8,3 k €	-57.8%	19,6 k €	-25.8%	26,4 k €	+431%	5 k €
Debts	40,1 k €	+25.9%	31,9 k €	-22.3%	41 k €	+45.9%	28,1 k €	-26.0%	38 k €	-52.8%	80,5 k €	+19.9%	67,1 k €	+350%	14,9 k €	-49.1%	29,3 k €	+444%	5,4 k €	-42.7%	9,4 k €	-60.2%	23,6 k €	+80.4%	13,1 k €	-59.0%	31,9 k €	+3.2%	30,9 k €	-22.4%	39,9 k €	-19.4%	49,5 k €	-28.9%	69,6 k €	+346%	15,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,1 ETP	+120%	0,5 ETP	-37.5%	0,8 ETP	0.0%	0,8 ETP	-11.1%	0,9 ETP	-30.8%	1,3 ETP	-18.8%	1,6 ETP	+100%	0,8 ETP	+60.0%	0,5 ETP	-50.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Joseph Braine Paul

Director · since 30 novembre 2004

Active

Ended mandates

Paul BRAINE

Director · since 30 novembre 2004

Ended

Paul BRAINE

Manager · since 30 novembre 2004

Ended

Paul Joseph Braine

Director · since 30 novembre 2004

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	26/06/2025	16/08/2024	24/08/2023	26/08/2022	31/08/2021
General meeting	27/05/2026	28/05/2025	05/08/2024	24/08/2023	25/05/2022	26/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	12/06/2026	French	PDF
Micro model	31/12/2024	28/05/2025	26/06/2025	French	PDF
Micro model	31/12/2023	05/08/2024	16/08/2024	French	PDF
Micro model	31/12/2022	24/08/2023	24/08/2023	French	PDF
Micro model	31/12/2021	25/05/2022	26/08/2022	French	PDF
Micro model	31/12/2020	26/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	27/05/2020	31/08/2020	French	PDF
Micro model	31/12/2018	29/05/2019	27/08/2019	French	PDF
Micro model	31/12/2017	30/05/2018	09/10/2018	French	PDF
Micro model	31/12/2016	31/05/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	29/09/2014	20/10/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	30/08/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	20/08/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	14/08/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	30/05/2007	27/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Joseph Braine Paul

Director · since 30 novembre 2004

Active

Ended mandates

Paul BRAINE

Director · since 30 novembre 2004

Ended

Paul BRAINE

Manager · since 30 novembre 2004

Ended

Paul Joseph Braine

Director · since 30 novembre 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other24/12/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202516,6 k €↑
2024
Annual accounts 202412,9 k €↓
2023
Annual accounts 202318,1 k €↑
2022
Annual accounts 20224,2 k €↓
2021
Annual accounts 20217,1 k €↑
2019
Annual accounts 2019-6,6 k €↑
2018
Annual accounts 2018-11,5 k €↓
2017
Annual accounts 201717 k €↑
2016
Annual accounts 20167,4 k €↑
2015
Annual accounts 20153,9 k €↑
2014
Annual accounts 20143 k €↓
2013
Annual accounts 20138,4 k €↑
2012
Annual accounts 2012-1,3 k €↓
2011
Annual accounts 20119,6 k €↑
2010
Annual accounts 2010-2,5 k €↑
2009
Annual accounts 2009-2,6 k €↑
2008
Annual accounts 2008-6,4 k €↓
2007
Annual accounts 200711 €↓
2006
Annual accounts 20061,2 k €
14/12/2004
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BRAIN CONCEPT

Overview

What does BRAIN CONCEPT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline