DEVELOPING INITIATIVES
ActiveSummary
DEVELOPING INITIATIVES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.9m and a net result of €3.2m. Equity is growing by ~20% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
short-term debt: 0.2% and cash: 43.4% of total assets, and 0.2% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2024Solvency, return and age of the figures
Solvency
99.8%
Return on assets
40%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
37 d late
2022
114 d late
2021
38 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, unclassified schema
In the rankings
#1 company by equity in Tubize, Professional and technical services sector#3 company by total assets in Tubize, Professional and technical services sector
Turnover
€72,000
EBIT margin
-96.5%
Net result
€3.2m▲ 5,359%
2023 · €58,061
Working capital
€5.2m▲ 79.3%
2023 · €2.9m
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
Line20202021202220232024
Turnover€72,000
Operating result-€1,470▲ 83.6%-€1,308▲ 11.0%-€1,189▲ 9.1%-€3,641▼ 206%-€69,475▼ 1,808%
Net result€283,298€3.2m▲ 1,041%€96,791▼ 97.0%€58,061▼ 40.0%€3.2m▲ 5,359%
EBIT margin-96.5%
Equity€2.9m▲ 10.9%€5.8m▲ 102%€5.8m▼ 0.1%€5.5m▼ 5.2%€7.9m▲ 42.8%
Total assets€2.9m▲ 10.7%€5.8m▲ 102%€5.8m▼ 0.1%€5.7m▼ 2.1%€7.9m▲ 38.6%
Debt€2,350▼ 68.0%€167▼ 92.9%€167=€180,635▲ 108,065%€16,975▼ 90.6%
Working capital€277,408€3.2m▲ 1,064%€3.2m▼ 0.1%€2.9m▼ 9.4%€5.2m▲ 79.3%
Staff (FTE)0.9
Why a figure moved sharply
- 2024 Net result +5,359% on 2023. Cause not known from the registers.
- 2022 Net result -97% on 2021. Cause not known from the registers.
- 2021 Net result +1,041%, Equity +102%, Total assets +102% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €69,475 in 2024 against €3,641 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.9m
Fixed assets
€2.7m ▲ 2.0%
Current assets
€5.3m ▲ 69.4%
Equity and liabilities €7.9m
Equity
€7.9m ▲ 42.8%
Debt
€16,975 ▼ 90.6%
Debt's share of the balance-sheet total falls from 3.2% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€61,593
Cash flow
€3.2m
Debt to equity
0.00▼
2023 · 0.03
ROE
40.1%▲
2023 · 1.0%
ROA
40.0%▲
2023 · 1.0%
Interest coverage
-1432.40
Debt ≤ 1 year
€16,975▼
2023 · €180,635
Income taxes
€271
Staff costs
€91,082
A ratio outside any meaningful range has been withheld (balance sheet total €7.9m, equity €7.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €5,434 | - | €74,485 | - |
| Turnover70 | - | - | - | - | €72,000 | - |
| Other operating income74 | - | - | €5,434 | - | €2,485 | - |
| Operating charges60/66A | - | €1,308 | €6,623 | €3,641 | €143,960 | ▲ 3,854% |
| Services and other goods61 | - | €440 | €5,755 | €2,081 | €43,628 | ▲ 1,996% |
| Remuneration, social security and pensions62 | - | - | - | - | €91,082 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €7,882 | - |
| Other operating charges640/8 | - | €868 | €868 | €1,560 | €1,368 | ▼ 12.3% |
| Gross operating margin9900 | -€1,073 | - | - | - | - | - |
| Operating profit (loss)9901 | -€1,470 | -€1,308 | -€1,189 | -€3,641 | -€69,475 | ▼ 1,808% |
| Financial income75/76B | - | €3.2m | €98,019 | €61,741 | €3.2m | ▲ 5,147% |
| Recurring financial income75 | €285,000 | €3.2m | €98,019 | €61,741 | €3.2m | ▲ 5,147% |
| Income from financial fixed assets750 | - | €3.2m | €98,000 | €61,500 | €3.2m | ▲ 5,121% |
| Income from current assets751 | - | €272 | €19 | €241 | €28,815 | ▲ 11,856% |
| Financial charges65/66B | - | €82 | €39 | €39 | €43 | ▲ 10.3% |
| Recurring financial charges65 | €232 | €82 | €39 | €39 | €43 | ▲ 10.3% |
| Other financial charges652/9 | - | €82 | €39 | €39 | €43 | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €283,298 | €3.2m | €96,791 | €58,061 | €3.2m | ▲ 5,360% |
| Income taxes67/77 | - | - | - | - | €271 | - |
| Taxes670/3 | - | - | - | - | €271 | - |
| Profit (loss) for the period9904 | €283,298 | €3.2m | €96,791 | €58,061 | €3.2m | ▲ 5,359% |
| Profit (loss) for the period to be appropriated9905 | €283,298 | €3.2m | €96,791 | €58,061 | €3.2m | ▲ 5,359% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €5.8m | €5.8m | €5.7m | €7.9m | ▲ 38.6% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.6m | €2.6m | €2.7m | ▲ 2.0% |
| Intangible fixed assets21 | - | - | - | - | €4,370 | - |
| Tangible fixed assets22/27 | - | - | - | - | €46,743 | - |
| Furniture and vehicles24 | - | - | - | - | €46,743 | - |
| Financial fixed assets28 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Affiliated companies280/1 | - | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Participating interests280 | - | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Current assets29/58 | €279,758 | €3.2m | €3.2m | €3.1m | €5.3m | ▲ 69.4% |
| Amounts receivable within one year40/41 | €110,000 | €3.2m | €3.2m | €80,000 | €815,481 | ▲ 919% |
| Trade receivables40 | - | - | €5,434 | - | €74,481 | - |
| Other amounts receivable41 | - | €3.2m | €3.2m | €80,000 | €741,000 | ▲ 826% |
| Current investments50/53 | - | - | - | - | €1.0m | - |
| Other investments51/53 | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €169,758 | €15,185 | €6,523 | €3.0m | €3.4m | ▲ 13.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €6,065 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €5.8m | €5.8m | €5.7m | €7.9m | ▲ 38.6% |
| Equity10/15 | €2.9m | €5.8m | €5.8m | €5.5m | €7.9m | ▲ 42.8% |
| Contributions10/11 | - | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €256,948 | €3.2m | €3.2m | €2.9m | €5.3m | ▲ 81.6% |
| Amounts payable17/49 | €2,350 | €167 | €167 | €180,635 | €16,975 | ▼ 90.6% |
| Amounts payable within one year42/48 | €2,350 | €167 | €167 | €180,635 | €16,975 | ▼ 90.6% |
| Trade debts44 | - | - | - | - | €1,937 | - |
| Suppliers440/4 | - | - | - | - | €1,937 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €13,644 | - |
| Taxes450/3 | - | - | - | - | €1,278 | - |
| Remuneration and social security454/9 | - | - | - | - | €12,366 | - |
| Other amounts payable47/48 | - | €167 | €167 | €180,635 | €1,394 | ▼ 99.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283,298 | €3.2m | €96,791 | €58,061 | €3.2m | ▲ 5,359% |
| + Depreciation and write-downs630 | - | - | - | - | €7,882 | - |
| Operating cash flow (approximation) | €283,298 | €3.2m | €96,791 | €58,061 | €3.2m | ▲ 5,373% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€58,994 | - |
| Change in cash | - | -€154,573 | -€8,662 | €3.0m | €413,458 | ▼ 86.3% |
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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 49 days late
2024
31-12
Financial
Liquidity times 18current ratio 309.83
Current ratio from 17.19 to 309.83; short-term debt falls from €180,635 to €16,975.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 37 days late
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 114 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Highest result since 2018net €3.2m ▲1,041%
Net result €3.2m, the highest in the series.
31-12
Financial
Liquidity times 162current ratio 19344.05
Current ratio from 119.05 to 19344.05; short-term debt falls from €2,350 to €167.
31-12
Financial
Equity above €5mEq €5.8m ▲102%
2 profitable years in a row build equity to €5.8m.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €283,298
Net result €283,298 after 2 loss-making years.
31-12
Financial
Liquidity times 599current ratio 119.05
Current ratio from 0.20 to 119.05; short-term debt falls from €7,350 to €2,350.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€9,181
Net result drops to -€9,181, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2mEq €2.6m ▲79,056%
Equity rises from €3,291 to €2.6m.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Tubize · 1 establishment unit since 2001
Ground area
3,368 m²
Building footprint
1,280 m²
Volume, LiDAR
16,433 m³
2 parcels, Brussels, Wallonia · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Herrmann-Debrouxlaan 17-19, 1160 Oudergem
since 20012.131.421.778
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0357/00K003 | Wallonia | 1,694 m² | 1 · 504 m² | 7.2 m · 2 fl. |
| 21332B0425/02N000 | Brussels | 1,674 m² | 1 · 775 m² | 25.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
DEVELOPING INITIATIVES
14 companies
Group, risk and exposure
Owners and holdings
1 owner · 11 holdings · 13 subsidiaries in the treeOwners 1
- Thierry FRIXnatural personSourceown accounts 2024100%
Holdings 11
- Equity -€23,293Result €32,302100%
- I.L. & C.-TITRES SERVICES-AGENCE D'EVEREsubsidiaryEquity -€163,381Result -€54,012100%
- Equity €83,263Result €56,313100%
- Investments, Loans and ConsultingsubsidiaryEquity €2.9mResult -€803,86195%
- Equity -€231,189Result -€36,74855%
- Equity €31,599Result €189,08355%
- Equity -€131,353Result -€18,26955%
- Equity -€274,288Result €27,76555%
- Equity €57,305Result €33,90455%
- 55%
Show 1 more holdings
- Equity €88,526Result €67,92735%
All subsidiaries, including indirect ones 13
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- I.L. & C. – Titres-Services – Agence de Philippeville 100%
- I.L. & C.-TITRES SERVICES-AGENCE D'EVERE 100%
- I.L.&C.-TITRES SERVICES-AGENCE DE CHARLEROI 100%
Investments, Loans and Consulting 95%3 subsidiaries
- JANSSENS PHILIPPE 100%
- MICHAUX 99.96%
- IL & C Ma Sorcière bien-aimée 65%
- I.L. & C. - TITRES SERVICES - AGENCE DE MONS 55%
- I.L. & C. TITRES SERVICES-AGENCE DE NAMUR 55%
- I.L. & C.-TITRES SERVICES-AGENCE DE JODOIGNE 55%
- I.L.&C.- TITRES SERVICES-AGENCE D'ENGHIEN 55%
- I.L.&C.-TITRES SERVICES-AGENCE D'ANDERLECHT 55%
- I.L.&C.-TITRES SERVICES-AGENCES DU LUXEMBOURG 55%
According to the 2024 annual accounts of DEVELOPING INITIATIVES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 8,143 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
Founded19-01-2001
Fiscal year end31-12
Abbreviation FR
D + I
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.