INITIAL D
ActiveSummary
The computed 12-month bankruptcy probability of INITIAL D is 8.5% (elevated). The 2025 annual accounts show negative equity (-€18,533) and a net result of -€19,093. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18537 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 8.5% 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 6,035 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €137 | - | - | - |
| Gross operating margin9900 | €1,034 | -€5,706 | €957 | -€819 | -€18,899 | ▼ 2,209% |
| Operating profit (loss)9901 | €1,034 | -€5,706 | €820 | -€819 | -€18,899 | ▼ 2,209% |
| Financial income75/76B | - | €689 | - | €47 | - | - |
| Recurring financial income75 | - | €689 | - | €47 | - | - |
| Non-recurring financial income76B | - | €689 | - | - | - | - |
| Financial charges65/66B | - | €15 | €256 | €235 | €193 | ▼ 17.6% |
| Recurring financial charges65 | - | €15 | €256 | €235 | €193 | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | €1,034 | -€5,032 | €564 | -€1,007 | -€19,093 | ▼ 1,797% |
| Profit (loss) for the period9904 | €1,034 | -€5,032 | €564 | -€1,007 | -€19,093 | ▼ 1,797% |
| Profit (loss) for the period to be appropriated9905 | €1,034 | -€5,032 | €564 | -€1,007 | -€19,093 | ▼ 1,797% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,149 | €1,399 | €5,953 | €2,003 | €1 | ▼ 99.9% |
| Current assets29/58 | €10,149 | €1,399 | €5,953 | €2,003 | €1 | ▼ 99.9% |
| Stocks and contracts in progress3 | €7,050 | €1,200 | - | - | - | - |
| Stocks30/36 | €7,050 | €1,200 | - | - | - | - |
| Amounts receivable within one year40/41 | €30 | €176 | €5,949 | €2,003 | - | - |
| Trade receivables40 | - | - | €5,890 | €400 | - | - |
| Other amounts receivable41 | €30 | €176 | €59 | €1,603 | - | - |
| Cash at bank and in hand54/58 | €3,070 | €23 | €3 | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,149 | €1,399 | €5,953 | €2,003 | €1 | ▼ 99.9% |
| Equity10/15 | €6,034 | €1,002 | €1,566 | €559 | -€18,533 | ▼ 3,413% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €1,034 | -€3,998 | -€3,434 | -€4,441 | -€23,533 | ▼ 430% |
| Amounts payable17/49 | €4,115 | €397 | €4,387 | €1,444 | €18,535 | ▲ 1,184% |
| Amounts payable within one year42/48 | €4,115 | €397 | €4,387 | €1,444 | €18,535 | ▲ 1,184% |
| Financial debts43 | - | - | - | €12 | - | - |
| Credit institutions430/8 | - | - | - | €12 | - | - |
| Trade debts44 | €2,500 | - | - | - | €78 | - |
| Suppliers440/4 | €2,500 | - | - | - | €78 | - |
| Advances received on contracts in progress46 | - | - | €3,933 | €484 | - | - |
| Taxes, remuneration and social security45 | €501 | - | - | €948 | €879 | ▼ 7.2% |
| Taxes450/3 | €501 | - | - | €948 | €879 | ▼ 7.2% |
| Other amounts payable47/48 | €1,115 | €397 | €454 | - | €17,578 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,034 | -€5,032 | €564 | -€1,007 | -€19,093 | ▼ 1,797% |
| Operating cash flow (approximation) | €1,034 | -€5,032 | €564 | -€1,007 | -€19,093 | ▼ 1,797% |
| Change in cash | - | -€3,046 | -€20 | - | - | - |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0100/00K004 | Brussels | 1,091 m² | 1 · 72 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.