Equity
Equity rose in 2025 from €66,976 to €169,078.
Equity rose in 2025 from €66,976 to €169,078.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2023 accounts came 30 days late. The other two were filed on time.
Higher net result than 94% of companies in computer programming and consultancy. Sector median €28,031 · 22,044 companies.
In July 2024, 39,274 companies had the same profile as Initia.cloud has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,274 companies, not a prediction for Initia.cloud. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Initia.cloud Chastre | €225,318 | €92,903 | 75.0% | - |
| SnakeCase Chaumont-Gistoux | €212,894 | €94,373 | 68.7% | - |
| CFE IT Services Blankenberge | €230,523 | €91,818 | 78.7% | - |
| DB Spectrum Solutions Antwerp | €224,011 | €95,058 | 94.9% | - |
| CirrusTech Hemiksem | €228,052 | €98,987 | 67.5% | - |
| LKNS Consulting Putte | €206,485 | €94,698 | 66.0% | - |
| NOLODEV Beringen | €227,716 | €85,926 | 83.2% | - |
These companies have the same main activity as Initia.cloud: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €206,000 and €231,000, founded in 2023.
Initia.cloud files the micro format. That format states no turnover. The gross margin rose from -€2,324 in 2023 to €92,903 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €160,000 and €230,000.
Higher than 68% of 22,039 companies in 2025.
Higher than 67% of 21,339 companies in 2025.
Higher than 84% of 21,530 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
225,318 | 94,973 | 9,727 | |
21/28 |
9,332 | 1,870 | 2,836 | |
22/27 |
9,332 | 1,870 | 2,836 | |
23 |
4,144 | - | - | |
24 |
5,187 | 1,870 | 2,836 | |
29/58 |
215,987 | 93,104 | 6,890 | |
40/41 |
13,915 | 21,796 | 2,568 | |
40 |
13,915 | 21,796 | 1,543 | |
41 |
- | - | 1,026 | |
50/53 |
4,313 | 55,013 | - | |
54/58 |
197,587 | 15,891 | 4,322 | |
490/1 |
172 | 403 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
225,318 | 94,973 | 9,727 | |
10/15 |
169,078 | 66,976 | 613 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
166,078 | 63,976 | - | |
133 |
166,078 | 63,976 | - | |
14 |
- | - | -2,387 | |
17/49 |
56,240 | 27,998 | 9,114 | |
42/48 |
56,080 | 27,998 | 9,114 | |
44 |
597 | 1,923 | 3,714 | |
440/4 |
597 | 1,923 | 3,714 | |
45 |
55,483 | 26,075 | - | |
450/3 |
55,483 | 26,075 | - | |
47/48 |
- | - | 5,400 | |
492/3 |
160 | - | - | |
| Income statement | ||||
9900 |
92,903 | 79,847 | -2,324 | |
630 |
2,078 | 967 | 64 | |
640/8 |
186 | 133 | - | |
9901 |
90,640 | 78,747 | -2,387 | |
75/76B |
52,944 | 4,313 | - | |
75 |
52,944 | 4,313 | - | |
65/66B |
5,623 | 107 | - | |
65 |
5,623 | 107 | - | |
9903 |
137,961 | 82,953 | -2,387 | |
67/77 |
30,859 | 16,590 | - | |
9904 |
107,102 | 66,363 | -2,387 | |
9905 |
107,102 | 66,363 | -2,387 | |
| Appropriation of the result | ||||
9906 |
107,102 | 63,976 | -2,387 | |
14P |
- | -2,387 | - | |
791/2 |
5,000 | - | - | |
691/2 |
107,102 | 63,976 | - | |
6921 |
107,102 | 63,976 | - | |
694/7 |
5,000 | - | - | |
694 |
5,000 | - | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 92,717 | 79,714 | -2,324 | ||
| 109,179 | 67,329 | -2,324 | ||
| 9,539 | 0 | 2,900 | ||
| 181,695 | 11,569 | - | ||
| 159,906 | 65,106 | -2,224 | ||
| 75.0% | 70.5% | 6.3% | ||
| 3.85 | 3.33 | 0.76 | ||
| 0.33 | 0.42 | - | ||
| 63.3% | 99.1% | - | ||
| 47.5% | 69.9% | -24.5% | ||
| 16.49 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,539 | - | €2,900 |
| €2,078 | €967 | €64 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 29.5% to 25.0%. Equity and debt are higher.
Initia.cloud has no parent and no holdings in its annual accounts. is the only director. Initia.cloud shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Grand Pré 21 registered office 1450 Chastre | 19-10-2023 | 2.351.314.246 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25017B0063/00B004 | 1,061 m² | 1 · 140 m² | 9.5 m · 2 |
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