NORMAL SITUATION

IT-BRAIN

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Financial year 2023 · closed on 31/12/2023

Net result

51,7 k €

-22.8% YoY

Gross margin

81,9 k €

+14.3% YoY

Equity

129,6 k €

+66.4% YoY

Company — Normal situation.

What does IT-BRAIN do?

IT-BRAIN is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.987.166

Legal form

Private limited company

Contributed capital

9 300,00 €

Latest accounts

31/12/2023

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	81,9 k €	+14.3%	71,6 k €	+35.1%	53 k €	+11.5%	47,5 k €	-35.6%	73,8 k €	+206%	24,1 k €	-46.1%	44,8 k €	-70.3%	151,1 k €	+424%	28,8 k €	-59.3%	70,9 k €	-57.4%	166,4 k €	-13.9%	193,4 k €	+81.2%	106,7 k €	-19.3%	132,2 k €	+16.7%	113,3 k €	+735%	13,6 k €	-71.5%	47,6 k €	+91.3%	24,9 k €
EBITDA	81,4 k €	+14.5%	71,1 k €	+36.3%	52,1 k €	+13.5%	45,9 k €	-37.3%	73,2 k €	+957%	6,9 k €	-76.7%	29,7 k €	-69.8%	98,5 k €	+330%	-42,7 k €	-95.5%	-21,9 k €	-127%	80,2 k €	-31.9%	117,8 k €	+280%	31 k €	-37.4%	49,5 k €	-54.2%	108,1 k €	+773%	12,4 k €	-73.2%	46,2 k €	+90.9%	24,2 k €
Operating result	78,1 k €	+11.2%	70,2 k €	+36.7%	51,4 k €	+16.6%	44,1 k €	-38.2%	71,3 k €	+1354%	4,9 k €	-62.2%	13 k €	-81.3%	69,3 k €	+197%	-71,6 k €	-112%	-33,8 k €	-167%	50,9 k €	-32.2%	75 k €	+1038%	-8 k €	-201%	7,9 k €	-89.3%	74,4 k €	+1297%	-6,2 k €	-120%	31,3 k €	+46.2%	21,4 k €
Net result	51,7 k €	-22.8%	66,9 k €	+40.3%	47,7 k €	+13.1%	42,2 k €	-36.3%	66,2 k €	+10113%	648 €	+105%	-13,1 k €	-126%	50,7 k €	+167%	-75,2 k €	-100%	-37,5 k €	-213%	33,2 k €	-15.2%	39,2 k €	+341%	-16,2 k €	-602%	3,2 k €	-93.8%	52,6 k €	+690%	-8,9 k €	-141%	21,6 k €	+24.6%	17,3 k €
Balance sheet
Equity	129,6 k €	+66.4%	77,9 k €	+9.8%	71 k €	+12.2%	63,3 k €	+3.6%	61,1 k €	+11.3%	54,9 k €	+1.2%	54,3 k €	-19.4%	67,3 k €	+305%	16,6 k €	-81.9%	91,8 k €	-29.0%	129,4 k €	+34.5%	96,2 k €	+72.4%	55,8 k €	-22.5%	72 k €	+4.7%	68,8 k €	+89.8%	36,2 k €	-19.7%	45,2 k €	+91.8%	23,5 k €
Total assets	230,6 k €	+10.6%	208,6 k €	+46.7%	142,2 k €	+12.2%	126,8 k €	-27.5%	174,9 k €	+79.5%	97,4 k €	-37.5%	155,8 k €	-34.4%	237,4 k €	+109%	113,6 k €	-56.3%	259,9 k €	-23.3%	339,1 k €	+33.7%	253,6 k €	+16.3%	218,1 k €	-22.9%	282,9 k €	+33.6%	211,7 k €	+122%	95,2 k €	-6.8%	102,2 k €	+153%	40,4 k €
Cash	93,2 k €	+87.2%	49,8 k €	+398%	10 k €	+17.5%	8,5 k €	-84.3%	54,4 k €	+60.9%	33,8 k €	-38.3%	54,7 k €	-26.0%	74 k €	+96.4%	37,7 k €	-53.9%	81,7 k €	+76.0%	46,5 k €	+32.7%	35 k €		–		25,9 k €	+228%	7,9 k €	-65.4%	22,8 k €	-28.5%	31,9 k €	+45.6%	21,9 k €
Debts	101 k €	-22.7%	130,7 k €	+83.4%	71,3 k €	+12.1%	63,6 k €	-44.2%	113,8 k €	+168%	42,5 k €	-58.1%	101,5 k €	-40.0%	169,2 k €	+74.5%	96,9 k €	-42.3%	168,1 k €	-12.6%	192,4 k €	+38.5%	138,9 k €	-13.3%	160,2 k €	-23.9%	210,5 k €	+51.2%	139,2 k €	+140%	58,1 k €	+1.8%	57 k €	+239%	16,8 k €
Other
Workforce	–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-66.7%	3,0 ETP	+66.7%	1,8 ETP	+38.5%	1,3 ETP	-27.8%	1,8 ETP	+800%	0,2 ETP		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 2 ended

Active mandates

ECONOTE

Manager · since 01 janvier 2019 · 0707.805.733

Active

WAVE ONE

Manager · since 01 janvier 2019 · 0707.689.234

Active

Ended mandates

Cédric SCHYNS

Manager · since 14 mars 2006

Ended

Olivier BREUER

Manager · since 14 mars 2006

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/07/2024	28/07/2023	23/08/2022	30/07/2021	22/08/2020	28/08/2019
General meeting	25/06/2024	30/06/2023	05/07/2022	09/06/2021	30/06/2020	31/07/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	25/06/2024	12/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Micro model	31/12/2021	05/07/2022	23/08/2022	French	PDF
Micro model	31/12/2020	09/06/2021	30/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	22/08/2020	French	PDF
Micro model	31/12/2018	31/07/2019	28/08/2019	French	PDF
Micro model	31/12/2017	23/08/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/08/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	05/10/2016	30/08/2017	French	PDF
Abridged model	31/12/2014	30/06/2015	27/10/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	14/09/2011	French	PDF
Abridged model	31/12/2009	22/09/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2023 · 2 active · 2 ended

Active mandates

ECONOTE

Manager · since 01 janvier 2019 · 0707.805.733

Active

WAVE ONE

Manager · since 01 janvier 2019 · 0707.689.234

Active

Ended mandates

Cédric SCHYNS

Manager · since 14 mars 2006

Ended

Olivier BREUER

Manager · since 14 mars 2006

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

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2023
Annual accounts 202351,7 k €↓
2022
Annual accounts 202266,9 k €↑
2021
Annual accounts 202147,7 k €↑
2020
Annual accounts 202042,2 k €↓
2019
Annual accounts 201966,2 k €↑
2018
Annual accounts 2018648 €↑
2017
Annual accounts 2017-13,1 k €↓
2016
Annual accounts 201650,7 k €↑
2015
Annual accounts 2015-75,2 k €↓
2014
Annual accounts 2014-37,5 k €↓
2013
Annual accounts 201333,2 k €↓
2012
Annual accounts 201239,2 k €↑
2011
Annual accounts 2011-16,2 k €↓
2010
Annual accounts 20103,2 k €↓
2009
Annual accounts 200952,6 k €↑
2008
Annual accounts 2008-8,9 k €↓
2007
Annual accounts 200721,6 k €↑
2006
Annual accounts 200617,3 k €

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

IT-BRAIN

Overview

What does IT-BRAIN do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline