INIT
ActiveINIT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €46k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 16745 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+49
Solvency73▼-27
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 2.27 in 2024), and 54.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← 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
45.2%
Return on assets
16.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
29 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
16 d late
2019
26 d late
← before the deadline
after the deadline →
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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▼ 33.3%
2024 · €189k
2018: €275k
2019: €297k
2020: €323k
2021: €290k
2022: €175k
2023: €190k
2024: €189k
2018 → 2025
Total assets
€278k▲ 3.9%
2024 · €268k
2018: €305k
2019: €324k
2020: €364k
2021: €348k
2022: €318k
2023: €282k
2024: €268k
2018 → 2025
Net result
€46k▲ 140%
2024 · €19k
2018: €27k
2019: €27k
2020: €32k
2021: €37k
2022: €57k
2023: €40k
2024: €19k
2018 → 2025
Working capital
€39k▼ 60.4%
2024 · €98k
2018: €166k
2019: €193k
2020: €215k
2021: €186k
2022: €73k
2023: €96k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€290k-€175k▼ 39.7%€190k▲ 9.0%€189k▼ 0.8%€126k▼ 33.3%
Operating result€50k-€79k▲ 58.0%€61k▼ 22.8%€32k▼ 46.9%€68k▲ 110%
Net result€37k-€57k▲ 51.4%€40k▼ 28.9%€19k▼ 52.6%€46k▲ 140%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 110% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278k
Fixed assets
€88k▼ 4.1%
Current assets
€190k▲ 8.1%
Equity and liabilities €278k
Equity
€126k▼ 33.3%
Debt
€152k▲ 92.7%
The debt ratio rises from 29.5% to 54.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€72k▲
2024 · €36k
Cash flow
€50k▲
2024 · €23k
Solvency
45.2%▼
2024 · 70.5%
Current ratio
1.26▼
2024 · 2.27
Quick ratio
1.26▼
2024 · 2.27
Debt / equity
1.21▲
2024 · 0.42
ROE
36.4%▲
2024 · 10.1%
ROA
16.5%▲
2024 · 7.1%
Interest coverage
19.34▲
2024 · 7.76
Debt
€152k▲
2024 · €79k
Debt ≤ 1 year
€151k▲
2024 · €78k
Income taxes
€18k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€268k€278k▲
Fixed assets21/28€92k€88k▼
Tangible fixed assets22/27€92k€88k▼
Land and buildings22€92k€88k▼
Furniture and vehicles24€208-
Current assets29/58€176k€190k▲
Amounts receivable within one year40/41€19k€20k▲
Trade receivables40€15k€20k▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€157k€170k▲
Equity and liabilities
Total equity and liabilities10/49€268k€278k▲
Equity10/15€189k€126k▼
Contributions10/11€12k€12k=
Reserves13€176k€113k▼
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Distributable reserves133€164k€101k▼
Profit (loss) carried forward14€296€296=
Amounts payable17/49€79k€152k▲
Amounts payable within one year42/48€78k€151k▲
Trade debts44€2k€463▼
Suppliers440/4€2k€463▼
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€22k€24k▲
Other amounts payable47/48€53k€127k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€38k€73k▲
Operating profit (loss)9901€32k€68k▲
Financial income75/76B€178-
Recurring financial income75€178-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€28k€64k▲
Income taxes67/77€9k€18k▲
Profit (loss) for the period9904€19k€46k▲
Profit (loss) for the period to be appropriated9905€19k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€46k▲
Profit (loss) brought forward from the previous period14P€296€296=
Transfer from equity791/2€21k€109k▲
Transfer to equity691/2€19k€46k▲
To other reserves6921€19k€46k▲
Profit to be distributed694/7€21k€109k▲
Return on contributions (dividend)694€21k€109k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €19k ▼52.6%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €57k ▲51.4%
Operating result €79k, net result €57k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
KHSW Soft
BE 0892.030.311
Lokeren · Eq €126k
RETAIL 4 U
BE 0547.692.583
Roeselare · Eq €126k
KB Consulting
BE 1010.283.011
Leuven · Eq €126k
Activerse
BE 0803.830.090
Wuustwezel · Eq €126k
MOTIIF
BE 0737.362.227
Brasschaat · Eq €126k
Of 29,862 companies in sector 62200 we hold annual accounts for 18,245. 15,346 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2006
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
72220
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.