Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Initio Flanders from Waregem, company number BE0738808121, closed financial year 2025 with a result of € 53,097 after tax. For that financial year Initio Flanders recorded a gross margin of € 79,935 and equity of € 150,453. Compared with financial year 2024, the result moved from € -24,079 to € 53,097. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 150,453
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 53,097
▲ still € 24,079 loss in 2024
Profit after tax over the fiscal year.
€ 125,016
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
57 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,341
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 543,403
▲ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 72,654
▲ € 62,430 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,354
▲ € 15,105 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 91,762 | € 91,775 | € 96,994 | € 79,935 | ▼ 18% |
| Profit after taxes | € 47,175 | € 47,649 | € -24,079 | € 53,097 | ▲ € 77,176 |
| Equity | € 103,786 | € 151,435 | € 127,356 | € 150,453 | ▲ 18% |
| Total debts | € 462,038 | € 1,064,930 | € 797,950 | € 897,817 | ▲ 13% |
| Cash | € 100,319 | € 113,758 | € 107,207 | € 125,016 | ▲ 17% |
| Retained profit | € 53,786 | € 101,435 | € 77,356 | € 100,453 | ▲ 30% |
| Dividend | € 0 | € 0 | € 0 | € 30,000 | |
| Bank debt | € 333,400 | € 864,538 | € 530,675 | € 543,403 | ▲ 2% |
| Balance sheet total | € 565,824 | € 1,216,364 | € 925,306 | € 1,048,270 | ▲ 13% |
Key figures of Initio Flanders, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Initio Flanders?
What happened at Initio Flanders in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 53,097. filed late Source: NBB ↗
- New establishment in Waregem. KBO
- Florine De Ruyck became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
- Laurent Lakfif became a director. NBB
In short
From € 47,175 profit in 2022 to € 53,097 profit in 2025.
Paid € 27,853 in corporate taxes since 2022.
Best year ever: 2025, with € 53,097 profit.
Paid out € 30,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Initio Flanders are Laurent Lakfif and Florine De Ruyck.
Directors
According to the 2025 annual accounts
Laurent Lakfif
Director
since 2019
Florine De Ruyck
Director
since 2021
Establishments
Establishment units
Physical locations of this company
August Craslaan 25
8790 Waregem
Henri Lebbestraat 188
8790 Waregem
Active since 1 May 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0738.808.121
- VAT number
- BE 0738.808.121
- Registered office
- August Craslaan 25, 8790 Waregem
- Names & denominations
- Initio Flanders
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2019
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van reclamebureaus
Overige zakelijke dienstverlening, neg