Financials
- Financial year
- 2025
- Total assets
- €1.5m
- Profit
- €504,379
- Solvency
- -83.5%
Total assets▲ 34.0%
Net result
20182025
F.INITIATIVES
ActiveSummary
F.INITIATIVES has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.3m) and a net result of €504,379. Equity is shrinking by about 66% per year across the filed financial years. Its solvency ranks better than 5% of 10,757 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Business and other management consultancy
NACE 70200
1 site
Size
€1.5mtotal assets 2025
- Staff
- 3.9 FTE
- Equity
- -€1.3m
- Profit
- €504,379
Structure
- Parent
- F INICIATIVAS I MAS D MAS I SL
2025 accounts 37 days early1 of 7 deeds summarised
Why 55raises riskCapped at 59: negative equityNegative equity -€1.3mlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 24-06-2026)Profit of €504,379 (financial year 2025)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 70, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -83.5% of total assets
Liquidity
17+6
short-term debt 178.2% · cash 13.9%
Profitability
96+96
return on assets 33.3%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.5%
12-2024: 1.6%▲ +0.1 percentage points vs 11-2024
01-2025: 1.7%▲ +0.1 percentage points vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.9%▲ +0.2 percentage points vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.1 percentage points vs 05-2025
07-2025: 3.7%▲ +1.7 percentage points vs 06-2025
08-2025: 3.7%● unchanged vs 07-2025
09-2025: 3.7%● unchanged vs 08-2025
10-2025: 3.7%● unchanged vs 09-2025
11-2025: 3.7%● unchanged vs 10-2025
12-2025: 3.7%● unchanged vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 3.8%▲ +0.1 percentage points vs 01-2026highest value
03-2026: 3.7%▼ -0.1 percentage points vs 02-2026
04-2026: 3.7%● unchanged vs 03-2026
05-2026: 3.7%● unchanged vs 04-2026
06-2026: 3.5%▼ -0.2 percentage points vs 05-2026
07-2026: 0.7%▼ -2.8 percentage points vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.55, compared with 0.39 in 2024, below 1; short-term debt: 178.2% and cash: 13.9% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 7% on liquidity, 66% on profitability and 72% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10757 sector peers (2025).
NBB · sector comparisonPosition among 10757 sector peers
Solvency
better than 5%
← weakest
strongest →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
37 days early
2024
35 days early
2023
27 days early
2022
34 days early
2021
45 days early
2020
45 days early
2019
56 days 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 40 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €504,379
- Resignation: Frédéric Bouté (director)Power of attorney
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€1.3m View
- Caution: Among the weakest 5% on solvencysector median 52.4% · 10,757 companies -83.5% View
- Positive: Back in profit in 2025after -€1.4m in 2024 €504,379 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by F INICIATIVAS I MAS…ultimately: F. Initiativas SAS parent View
- EU supportawarded from 2023 to 2024 €127,888 View
By topic
Board & ownership
- Parent
- F INICIATIVAS I MAS…
Network & group
- Group
- F. Initiativas SAS
Timeline
- Events
- 15
- Since
- 2018
- Next accounts
- by 31-07-2027
- 26-06-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 04-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 09-11-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about F.INITIATIVES
- What is the company number of F.INITIATIVES?
- 0665.883.719. In Belgium the VAT number is the company number with BE in front: BE 0665.883.719.
- Where is F.INITIATIVES based?
- The registered office is at Harenheidestraat 57, 1130 Brussel.Company details
- What does F.INITIATIVES do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of F.INITIATIVES?
- Private limited company (BV).
- When was F.INITIATIVES founded?
- On 09-11-2016.
- Is F.INITIATIVES still active?
- Yes, F.INITIATIVES is an active enterprise in the KBO register.
- How many employees does F.INITIATIVES have?
- On average 3.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of F.INITIATIVES?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is F.INITIATIVES profitable?
- In financial year 2025, F.INITIATIVES made a profit of €504,379.
- Where can I find the annual accounts of F.INITIATIVES?
- F.INITIATIVES filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of F.INITIATIVES due?
- By 31-07-2027, for financial year 2026.Timeline
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