INCIPIUM
The computed 12-month bankruptcy probability of INCIPIUM is 1.6% (moderate). The 2025 annual accounts show negative equity (€-24k) and a net result of €-4k. Equity is shrinking by ~93.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 1329 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-24k |
| Net result | €-4k |
| Better than sector | 13% |
| Active | 4 yrs |
Mixed profile: strong on stability, weaker on solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -6.2% | 22.9% | |
| Net result | €-4k | €10k | |
| Equity | €-24k | €44k | |
| Gross operating margin | €5k | €40k | |
| Total assets | €393k | €291k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €63k |
| EBITDA | €5k |
| Net profit | €-4k |
| Cash flow | €5k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €393k |
| Equity | €-24k |
| Debt | €417k |
| of which ≤ 1y | €417k |
| of which > 1y | - |
| Working capital | €-376k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.10 |
| Quick ratio | 0.10 |
| Working capital ratio | -95.8% |
| Solvency | -6.2% |
| Debt / equity | -17.03 |
| Long-term debt ratio | - |
| Interest coverage | 59.90 |
| Gross margin | 8.3% |
| Net margin | -6.8% |
| ROA | -1.1% |
| ROE | 17.7% |
| EBITDA margin | 7.7% |
| Days sales outstanding | 148d |
| Days payable outstanding | 93d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €393k |
| Fixed assets | 21/28 | €352k |
| Tangible fixed assets | 22/27 | €52k |
| Financial fixed assets | 28 | €300k |
| Current assets | 29/58 | €41k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €393k |
| Equity | 10/15 | €-24k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-44k |
| Amounts payable | 17/49 | €417k |
| Amounts payable within one year | 42/48 | €417k |
| Trade debts payable within one year | 44 | €15k |
| Income statement | ||
| Turnover | 70 | €63k |
| Gross operating margin | 9900 | €5k |
| Operating result | 9901 | €-4k |
| Financial charges | 65 | €81 |
| Result before taxes | 9903 | €-4k |
| Net result for the period | 9904 | €-4k |
| Result to be appropriated | 9905 | €-4k |
| NACE primary | Real estate activities(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2022 |
| Status | Active |
| Postal code | 1390 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92073B0149/00L000 | Wallonia | 2,883 m² | 1 · 471 m² | - |
| 25037D0030/00A010 | Wallonia | 1,228 m² | 1 · 345 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-03-2026 Act object · General meeting · Seat change
- Act object: transfert du siege social · INCIPIUM
- General meeting: date: 2025-03-07 · INCIPIUM
- Seat change: new_address: Rue du Gros Chêne 19 sis 5310 Liernu, old_address: Champ de Présenne 42 à 1390 Grez-Doiceau · INCIPIUM
- Filing: date: 2026-03-23 · INCIPIUM
- Publication: date: 2026-03-31 · INCIPIUM
Technical details
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{
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}07-02-2022 Incorporation of a new SRL
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | INCIPIUM |