CIPHER BRAIN
ActiveSummary
CIPHER BRAIN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €34k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 91% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 13.45 against 8.82 in 2024; short-term debt: 7.3% and cash: 87.1% of total assets), and 7.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.7%
Return on assets
20.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-10-2025, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
29 d early
2023
15 d early
2022
on the day
2021
2 d late
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€165k▼ 10.2%
2024 · €184k
2019: €176k
2020: €184k
2021: €166k
2022: €166k
2023: €154k
2024: €184k
2019 → 2025
Net result
€34k▲ 1.3%
2024 · €33k
2019: €46k
2020: €38k
2021: €14k
2022: €7k
2023: €9k
2024: €33k
2019 → 2025
Working capital
€151k▼ 6.1%
2024 · €161k
2019: €144k
2020: €169k
2021: €159k
2022: €136k
2023: €130k
2024: €161k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€159k-€136k▼ 14.7%€130k▼ 4.1%€164k▲ 25.4%€153k▼ 6.3%
Operating result€24k-€3k▼ 85.7%€15k▲ 348%€43k▲ 182%€45k▲ 5.0%
Net result€14k-€7k▼ 54.5%€9k▲ 44.9%€33k▲ 252%€34k▲ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€2k ▼ 18.4%
Current assets
€163k ▼ 10.1%
Equity and liabilities €165k
Equity
€153k ▼ 6.3%
Debt
€12k ▼ 41.0%
Debt's share of the balance-sheet total falls from 11.1% to 7.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46k▲
2024 · €43k
Cash flow
€35k▲
2024 · €33k
Current ratio
13.45▲
2024 · 8.82
Debt to equity
0.08▼
2024 · 0.13
ROE
21.9%▲
2024 · 20.3%
ROA
20.3%▲
2024 · 18.0%
Interest coverage
660.51▼
2024 · 742.12
Debt ≤ 1 year
€12k▼
2024 · €21k
Income taxes
€12k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€184k€165k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€3k€2k▼
Current assets29/58€181k€163k▼
Amounts receivable within one year40/41€19k€18k▼
Trade receivables40€19k€16k▼
Other amounts receivable41€0€3k▲
Current investments50/53€0-
Cash at bank and in hand54/58€160k€144k▼
Deferred charges and accrued income490/1€1k€685▼
Equity and liabilities
Total equity and liabilities10/49€184k€165k▼
Equity10/15€164k€153k▼
Contributions10/11€6k€6k=
Reserves13€116k€103k▼
Non-distributable reserves130/1€114k€101k▼
Reserves not available under the articles1311€0-
Own shares acquired1312-€0
Other1319€114k€101k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€42k€44k▲
Amounts payable17/49€21k€12k▼
Amounts payable within one year42/48€21k€12k▼
Trade debts44€8k€744▼
Suppliers440/4€8k€744▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€851€394▼
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66€1k▲
Other operating charges640/8€765€785▲
Gross operating margin9900€44k€47k▲
Operating profit (loss)9901€43k€45k▲
Financial income75/76B€492€711▲
Recurring financial income75€492€711▲
Financial charges65/66B€58€70▲
Recurring financial charges65€58€70▲
Profit (loss) for the period before taxes9903€43k€46k▲
Income taxes67/77€10k€12k▲
Profit (loss) for the period9904€33k€34k▲
Profit (loss) for the period to be appropriated9905€33k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€75k▲
Profit (loss) brought forward from the previous period14P€39k€42k▲
Transfer from equity791/2-€44k
Transfer to equity691/2€31k€31k=
To other reserves6921€31k€31k=
Profit to be distributed694/7-€44k
Return on contributions (dividend)694-€44k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €164k ▲25.4%
6 profitable years in a row build equity to €164k.
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €7k ▼54.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 12.85
Current ratio from 5.85 to 12.85; short-term debt falls from €30k to €14k.
31-03
Financial
Equity above €150kEq €170k ▲16.1%
2 profitable years in a row build equity to €170k.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rixensart · 1 establishment unit since 2002
Ground area
1,211 m²
Building footprint
151 m²
Volume, LiDAR
1,052 m³
Parcel 25091A0250/00D000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CIPHER BRAIN
since 20022.100.586.270
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091A0250/00D000 | Wallonia | 1,211 m² | 1 · 151 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,391. 15,310 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2002
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@cipherbrain.be