Financials
Financial year 2025
INITIAL BELUX from Schelle, company number BE0765680386, closed financial year 2025 with a result of € 355,233 after tax. For that financial year INITIAL BELUX recorded revenue of € 3.1 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 27,376 to € 355,233. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 2.2 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 355,233
▲ € 327,856 vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -698,130.
People and assets in 2025
14.3
▲ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 27% vs 2024
€ 73,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 311,829
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.
€ 206,726
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 513,838 | € 1,396,541 | € 2,328,173 | € 3,084,174 | ▲ 32% |
| Profit after taxes | € -786,835 | € -293,904 | € 27,376 | € 355,233 | ▲ € 327,856 |
| Equity | € 2,156,482 | € 1,862,578 | € 1,889,954 | € 2,245,187 | ▲ 19% |
| Total debts | € 410,635 | € 510,166 | € 595,219 | € 719,519 | ▲ 21% |
| Cash | € 2,022,859 | € 1,053,113 | € 966,977 | € 1,208,072 | ▲ 25% |
| Retained profit | € -786,835 | € -1,080,739 | € -1,053,362 | € -698,130 | ▲ € 355,233 |
| Bank debt | € 10 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,567,117 | € 2,372,744 | € 2,485,173 | € 2,964,706 | ▲ 19% |
| Employees (FTE) | 7 | 9 | 11.5 | 14.3 | ▲ 2.8 |
Key figures of INITIAL BELUX, 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 INITIAL BELUX?
What happened at INITIAL BELUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Giuseppe Bica stepped down as director. NBB
- Fabrice Quinquenel stepped down as director. NBB
- Alex Boers stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 355,233 (▲ € 327,856 vs 2024). Source: NBB ↗
- Giuseppe Bica became a director. NBB
- Fabrice Quinquenel became a director. NBB
- Alex Boers became a director. NBB
- New establishment in Schelle. KBO
In short
From € 786,835 loss in 2022 to € 355,233 profit in 2025.
Paid € 44,191 in corporate taxes since 2022.
Best year ever: 2025, with € 355,233 profit.
Pays suppliers within 88 days on average.
Management
The shares are held by Rentokil Initial 1927 PLC (99%) and Rentokil Initial UK LTD. (1%).
Directors
According to the 2025 annual accounts
Shareholders
Rentokil Initial 1927 PLC
99%
Rentokil Initial UK LTD.
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brandekensweg 2
2627 Schelle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.680.386
- VAT number
- BE 0765.680.386
- Registered office
- Brandekensweg 2, 2627 Schelle
- Names & denominations
- INITIAL BELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2021
- Peppol
- Active · Active since 6 Feb 2026
- Activities · NACE
Verhuur en lease van woon- en bureelcontainers en dergelijke accommodatie
Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden
Reparatie en onderhoud van andere apparatuur