Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
INITIO BELGIUM from Schaarbeek, company number BE0884621093, closed financial year 2025 with a result of € -178,433 after tax. For that financial year INITIO BELGIUM recorded revenue of € 9.5 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -660,405 to € -178,433. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.1 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -178,433
▲ 73 % less loss than in 2024
Profit after tax over the fiscal year.
€ 795,549
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1 million.
People and assets in 2025
34.1
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▼ 1% vs 2024
€ 101,200 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.
€ 2,843
▼ 41% 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.
€ 5.7 million
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 327 days on average.
€ 355,796
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,792,167 | € 13,932,874 | € 9,969,357 | € 9,492,312 | ▼ 5% |
| Profit after taxes | € 634,156 | € 550,947 | € -660,405 | € -178,433 | ▲ € 481,972 |
| Equity | € 2,375,805 | € 1,926,752 | € 1,266,347 | € 1,087,914 | ▼ 14% |
| Total debts | € 8,406,068 | € 8,175,152 | € 6,088,809 | € 6,078,446 | |
| Cash | € 593,651 | € 1,187,943 | € 884,963 | € 795,549 | ▼ 10% |
| Retained profit | € 2,313,305 | € 1,864,252 | € 1,203,847 | € 1,025,414 | ▼ 15% |
| Dividend | € 0 | € 1,000,000 | € 0 | € 0 | |
| Balance sheet total | € 10,781,873 | € 10,101,904 | € 7,390,156 | € 7,211,360 | ▼ 2% |
| Employees (FTE) | 30.2 | 36.9 | 35.8 | 34.1 | ▼ 1.7 |
Key figures of INITIO BELGIUM, 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 BELGIUM?
What happened at INITIO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric BONNEL stepped down as director. NBB
- KILDA stepped down as director. NBB
- Jérôme BOUCHERON stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 178,433. Source: NBB ↗
- KILDA became a director. NBB
- Eric BONNEL became a director. NBB
- Jérôme BOUCHERON became a director. NBB
- New establishment in Schaarbeek. KBO
In short
From € 634,156 profit in 2022 to € 178,433 loss in 2025.
Paid € 644,547 in corporate taxes since 2022.
Best year ever: 2022, with € 634,156 profit.
Paid out € 1 million in dividends to the owners in total.
A new publication or filing at INITIO BELGIUM? 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
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Director · represented by Mathieu LEFEVRE
since 2025 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Generaal Wahislaan 17
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0884.621.093
- VAT number
- BE 0884.621.093
- Registered office
- Generaal Wahislaan 17, 1030 Schaarbeek
- Names & denominations
- INITIO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2006
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- initio.eu [email protected] 026131055
- Activities · NACE
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