Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INCIPIUM from Grez-Doiceau, company number BE0781564137, closed financial year 2025 with a result of € -4,325 after tax. For that financial year INCIPIUM recorded revenue of € 63,329 and equity of € -24,493. Compared with financial year 2024, the result moved from € -33,437 to € -4,325. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 11, 2026.
€ -24,493
▼ € 4,325 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,325
▲ 87 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,088
▲ 146% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44,493.
People and assets in 2025
€ 51,681
▲ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,734
▲ 279% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 38,136 | € 18,535 | € 63,329 | ▲ 242% |
| Gross margin | € 9,977 | € -21,193 | € 5,238 | ▲ € 26,431 |
| Profit after taxes | € -6,731 | € -33,437 | € -4,325 | ▲ € 29,112 |
| Equity | € 13,269 | € -20,168 | € -24,493 | ▼ € 4,325 |
| Total debts | € 36,188 | € 360,606 | € 417,090 | ▲ 16% |
| Cash | € 4,722 | € 3,288 | € 8,088 | ▲ 146% |
| Retained profit | € -6,731 | € -40,168 | € -44,493 | ▼ € 4,325 |
| Balance sheet total | € 49,457 | € 340,438 | € 392,597 | ▲ 15% |
Key figures of INCIPIUM, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to INCIPIUM?
What happened at INCIPIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,325. filed late Source: NBB ↗
- New establishment in Grez-Doiceau. KBO
- New establishment in Eghezée. KBO
- Start of the company according to the CBE. KBO
- EDOUARD RIGA became a director. NBB
In short
From € 6,731 loss in 2023 to € 4,325 loss in 2025.
A new publication or filing at INCIPIUM? We notify you, reason included.
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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 INCIPIUM is EDOUARD RIGA. EDOUARD RIGA is also behind WAVRINVEST and VANCOUVER STORE.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Champ de Présenne 42
1390 Grez-Doiceau
Rue du Gros Chêne,Liernu 19
5310 Eghezée
Active since 3 February 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0781.564.137
- VAT number
- BE 0781.564.137
- Registered office
- Champ de Présenne 42, 1390 Grez-Doiceau
- Names & denominations
- INCIPIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2022
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Bosbouw en bosbouwactiviteiten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis