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 46 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Association sans but lucratif Initia from Braine-le-Château, company number BE0838403959, closed financial year 2025 with a result of € 38,762 after tax. For that financial year Association sans but lucratif Initia recorded a gross margin of € 467,131 and equity of € 387,603. Compared with financial year 2024, the result moved from € 114,371 to € 38,762. The company is profitable. 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 July 27, 2026.
€ 387,603
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,762
▼ 66% vs 2024
Profit after tax over the fiscal year.
€ 60,694
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
9.2
Average over the fiscal year, from the social balance sheet.
€ 432,719
▲ 30% vs 2024
€ 47,000 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.
€ 3,622
▲ 31% 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.
€ 12,176
▲ 196% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,802
▲ 56% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 345,863 | € 407,361 | € 450,164 | € 467,131 | ▲ 4% |
| Profit after taxes | € 82,329 | € 81,711 | € 114,371 | € 38,762 | ▼ 66% |
| Equity | € 152,758 | € 234,469 | € 348,841 | € 387,603 | ▲ 11% |
| Total debts | € 97,416 | € 118,239 | € 114,318 | € 153,049 | ▲ 34% |
| Cash | € 244,689 | € 193,618 | € 147,742 | € 60,694 | ▼ 59% |
| Retained profit | € 152,758 | € 234,469 | € 348,841 | € 387,603 | ▲ 11% |
| Balance sheet total | € 250,174 | € 352,709 | € 463,159 | € 540,651 | ▲ 17% |
| Employees (FTE) | - | - | - | 9.2 |
Key figures of Association sans but lucratif Initia, 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 Association sans but lucratif Initia?
What happened at Association sans but lucratif Initia in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 38,762 (▼ 66% vs 2024). Source: NBB ↗
- New establishment in Braine-le-Château. KBO
- Start of the company according to the CBE. KBO
In short
From € 82,329 profit in 2022 to € 38,762 profit in 2025.
Best year ever: 2024, with € 114,371 profit.
On average € 50,800 of value added per employee in 2025.
A new publication or filing at Association sans but lucratif Initia? 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
Establishments
Establishment units
Physical locations of this company
Rue Auguste Latour 140
1440 Braine-le-Château
Rue Auguste Latour 152
1440 Braine-le-Château
Active since 3 December 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0838.403.959
- VAT number
- BE 0838.403.959
- Registered office
- Rue Auguste Latour 140, 1440 Braine-le-Château
- Names & denominations
- Association sans but lucratif Initia
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 6 August 2011
- Peppol
- Not registered
- Activities · NACE
Kinderdagverblijven en crèches