AB INITIO
ActiveSummary
AB INITIO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,149 and a net result of €8,999. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+97
Solvency99▲+22
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 8.74 against 2.1 in 2024; short-term debt: 7.1% and cash: 54.7% of total assets), and 26.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.9%
Return on assets
22.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
16 d early
2023
35 d early
2022
41 d early
2021
31 d early
2020
61 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€29,149▲ 44.7%
2024 · €20,150
Total assets
€39,426▲ 2.1%
2024 · €38,607
Net result
€8,999
2024 · -€6,935
Working capital
€21,535▲ 123%
2024 · €9,669
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,389▲ 184%€10,826▲ 46.5%€199▼ 98.2%-€6,315€9,633
Net result€7,107▲ 221%€10,662▲ 50.0%-€29-€6,935▼ 23,814%€8,999
Equity€16,452▲ 76.0%€27,114▲ 64.8%€27,085▼ 0.1%€20,150▼ 25.6%€29,149▲ 44.7%
Total assets€33,296▲ 25.4%€33,403▲ 0.3%€46,455▲ 39.1%€38,607▼ 16.9%€39,426▲ 2.1%
Debt€16,844▼ 2.1%€6,289▼ 62.7%€19,370▲ 208%€18,457▼ 4.7%€10,277▼ 44.3%
Working capital€7,440▲ 221%€23,543▲ 216%€11,086▼ 52.9%€9,669▼ 12.8%€21,535▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,633 after a loss of €6,315 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,426
Fixed assets
€15,109 ▼ 24.9%
Current assets
€24,317 ▲ 31.5%
Equity and liabilities €39,426
Equity
€29,149 ▲ 44.7%
Debt
€10,277 ▼ 44.3%
Debt's share of the balance-sheet total falls from 47.8% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,646▲
2024 · -€797
Cash flow
€14,012▲
2024 · -€1,417
Current ratio
8.74▲
2024 · 2.10
Debt to equity
0.35▼
2024 · 0.92
ROE
30.9%▲
2024 · -34.4%
ROA
22.8%▲
2024 · -18.0%
Interest coverage
21.96▲
2024 · -1.24
Debt ≤ 1 year
€2,782▼
2024 · €8,816
Debt > 1 year
€7,495▼
2024 · €9,641
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,504 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,472 | €5,001 | €1,983 | €5,518 | €5,013 | ▼ 9.2% |
| Other operating charges640/8 | €502 | €515 | - | €89 | €100 | ▲ 12.4% |
| Gross operating margin9900 | €12,363 | €16,342 | €2,182 | -€708 | €14,746 | ▲ 2,183% |
| Operating profit (loss)9901 | €7,389 | €10,826 | €199 | -€6,315 | €9,633 | ▲ 253% |
| Financial income75/76B | €0 | €0 | €1 | €24 | €33 | ▲ 37.5% |
| Recurring financial income75 | €0 | €0 | €1 | €24 | €33 | ▲ 37.5% |
| Financial charges65/66B | €206 | €164 | €229 | €644 | €667 | ▲ 3.6% |
| Recurring financial charges65 | €206 | €164 | €229 | €644 | €667 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €7,183 | €10,662 | -€29 | -€6,935 | €8,999 | ▲ 230% |
| Income taxes67/77 | €76 | - | - | - | - | - |
| Profit (loss) for the period9904 | €7,107 | €10,662 | -€29 | -€6,935 | €8,999 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €7,107 | €10,662 | -€29 | -€6,935 | €8,999 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,296 | €33,403 | €46,455 | €38,607 | €39,426 | ▲ 2.1% |
| Fixed assets21/28 | €9,035 | €4,035 | €25,640 | €20,122 | €15,109 | ▼ 24.9% |
| Tangible fixed assets22/27 | €7,512 | €2,511 | €24,116 | €18,598 | €13,585 | ▼ 27.0% |
| Furniture and vehicles24 | €7,512 | €2,511 | €24,116 | €18,598 | €13,585 | ▼ 27.0% |
| Financial fixed assets28 | €1,524 | €1,524 | €1,524 | €1,524 | €1,524 | = |
| Current assets29/58 | €24,261 | €29,368 | €20,815 | €18,485 | €24,317 | ▲ 31.5% |
| Amounts receivable within one year40/41 | €12,191 | €3,993 | €2,451 | €4,619 | €1,518 | ▼ 67.1% |
| Trade receivables40 | €12,191 | €3,993 | €2,451 | €4,619 | €1,518 | ▼ 67.1% |
| Cash at bank and in hand54/58 | €11,530 | €25,097 | €16,766 | €12,776 | €21,575 | ▲ 68.9% |
| Deferred charges and accrued income490/1 | €541 | €278 | €1,598 | €1,090 | €1,224 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,296 | €33,403 | €46,455 | €38,607 | €39,426 | ▲ 2.1% |
| Equity10/15 | €16,452 | €27,114 | €27,085 | €20,150 | €29,149 | ▲ 44.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €18,028 | €18,028 | €18,028 | €18,028 | €18,028 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €16,169 | €16,169 | €16,169 | €16,169 | €16,169 | = |
| Profit (loss) carried forward14 | -€20,168 | -€9,506 | -€9,535 | -€16,470 | -€7,471 | ▲ 54.6% |
| Amounts payable17/49 | €16,844 | €6,289 | €19,370 | €18,457 | €10,277 | ▼ 44.3% |
| Amounts payable after more than one year17 | - | - | €9,641 | €9,641 | €7,495 | ▼ 22.3% |
| Financial debts170/4 | - | - | €9,641 | €9,641 | €7,495 | ▼ 22.3% |
| Amounts payable within one year42/48 | €16,821 | €5,825 | €9,729 | €8,816 | €2,782 | ▼ 68.4% |
| Current portion of amounts payable after more than one year42 | €1,667 | - | €2,182 | - | - | - |
| Trade debts44 | €11,395 | €194 | €1,594 | €2,777 | €587 | ▼ 78.9% |
| Suppliers440/4 | €11,395 | €194 | €1,594 | €2,777 | €587 | ▼ 78.9% |
| Taxes, remuneration and social security45 | €2,759 | €1,960 | €3,048 | €1,804 | €801 | ▼ 55.6% |
| Taxes450/3 | €2,759 | €1,960 | €1,548 | €1,804 | €801 | ▼ 55.6% |
| Remuneration and social security454/9 | - | - | €1,500 | - | - | - |
| Other amounts payable47/48 | €1,000 | €3,671 | €2,905 | €4,235 | €1,394 | ▼ 67.1% |
| Accrued charges and deferred income492/3 | €23 | €464 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,107 | €10,662 | -€29 | -€6,935 | €8,999 | ▲ 230% |
| + Depreciation and write-downs630 | €4,472 | €5,001 | €1,983 | €5,518 | €5,013 | ▼ 9.2% |
| Operating cash flow (approximation) | €11,579 | €15,663 | €1,954 | -€1,417 | €14,012 | ▲ 1,089% |
| Investment in fixed assets (approximation) | - | €0 | -€23,588 | €0 | €0 | - |
| Change in cash | - | €13,568 | -€8,331 | -€3,990 | €8,799 | ▲ 321% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8,999
Net result €8,999 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 8.74
Current ratio from 2.10 to 8.74; short-term debt falls from €8,816 to €2,782.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.04
Current ratio from 1.44 to 5.04; short-term debt falls from €16,821 to €5,825.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,211
Net result €2,211 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€15,752
Net result drops to -€15,752, the lowest in the series; recovery starts the following year.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1992
Ground area
244 m²
Building footprint
244 m²
Volume, LiDAR
1,709 m³
Parcel 21614H0007/00D010, Brussels · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AB INITIO
since 19922.058.129.469
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0007/00D010 | Brussels | 244 m² | 1 · 244 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BANOW
BE 1003.662.958
Durbuy · Eq €29,145
CROSSFUNCTIONAL
BE 0475.520.625
Berlare · Eq €29,143
OUT OF IT
BE 0742.501.247
Aalst · Eq €29,161
OZTECH
BE 0686.956.770
Ramillies · Eq €29,166
NANDA CONSULTANCY SERVICES
BE 1023.836.483
Gent · Eq €29,123
Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 14,247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
68121Development of residential building projects
62100Computer programming
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate appraisal on a fee or contract basis
73110Advertising agencies
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447348954
Registered
08-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.