Initial Films
The computed 12-month bankruptcy probability of Initial Films is 2.6% (moderate). The 2024 annual accounts show negative equity (€-3k) and a net result of €-4k. Equity is shrinking by ~163.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 1936 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-3k |
| Net result | €-4k |
| Better than sector | 17% |
| Active | 5 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
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 | -2.9% | 49.0% | |
| Net result | €-4k | €5k | |
| Equity | €-3k | €41k | |
| Gross operating margin | €55k | €23k | |
| Staff costs | €42k | €36k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €13k | €-800 | €2k |
| Net profit | €-4k | €-2k | €382 |
| Cash flow | €12k | €-1k | €908 |
| Staff costs | €42k | €11k | - |
| Income taxes | €9 | - | €564 |
| Dividends | - | - | - |
| Total assets | €108k | €31k | €4k |
| Equity | €-3k | €750 | €1k |
| Debt | €112k | €30k | €2k |
| of which ≤ 1y | €27k | €6k | €2k |
| of which > 1y | €13k | €24k | - |
| Working capital | €-1k | €262 | €-192 |
| Employees (FTE) | - | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.96 | 1.04 | 0.92 |
| Quick ratio | 0.96 | 1.04 | 0.92 |
| Working capital ratio | -1.1% | 0.8% | -5.2% |
| Solvency | -2.9% | 2.4% | 37.3% |
| Debt / equity | -35.69 | 40.43 | 1.68 |
| Long-term debt ratio | -4.29 | 32.24 | - |
| Interest coverage | 40.80 | -3.22 | 5.87 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -3.6% | -5.2% | 10.3% |
| ROE | 124.0% | -217.5% | 27.7% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €108k | €31k | €4k |
| Fixed assets | 21/28 | €82k | €24k | €328 |
| Formation expenses | 20 | €566 | €906 | €1k |
| Intangible fixed assets | 21 | €80k | €22k | €328 |
| Tangible fixed assets | 22/27 | €1k | €2k | - |
| Current assets | 29/58 | €26k | €6k | €2k |
| Amounts receivable within one year | 40/41 | €26k | €6k | €14 |
| Cash & bank | 54/58 | €449 | €360 | €2k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €108k | €31k | €4k |
| Equity | 10/15 | €-3k | €750 | €1k |
| Contributions / capital | 10/11 | €2k | €2k | €1k |
| Accumulated profits (losses) | 14 | €-5k | €-1k | €382 |
| Amounts payable | 17/49 | €112k | €30k | €2k |
| Amounts payable after one year | 17 | €13k | €24k | - |
| Amounts payable within one year | 42/48 | €27k | €6k | €2k |
| Trade debts payable within one year | 44 | €26k | €5k | €552 |
| Income statement | ||||
| Gross operating margin | 9900 | €55k | €10k | €2k |
| Operating result | 9901 | €-4k | €-1k | €1k |
| Financial income | 75 | €4 | €0 | €18 |
| Financial charges | 65 | €312 | €249 | €298 |
| Result before taxes | 9903 | €-4k | €-2k | €946 |
| Income taxes | 67/77 | €9 | - | €564 |
| Net result for the period | 9904 | €-4k | €-2k | €382 |
| Result to be appropriated | 9905 | €-4k | €-2k | €382 |
| NACE primary | Production of cinema films(59111) |
| Legal form | Private limited company(610) |
| Incorporation | 01-09-2021 |
| Status | Active |
| Postal code | 1190 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0276/00T004 | Brussels | 204 m² | 1 · 112 m² | 16.9 m · 5 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-08-2023 Registered office moved within Forest
- Avenue Saint-Augustin, 28 Boîte 1 à 1190 Forest → Avenue des Tropiques, 8 à 1190 Forest
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Avenue des Tropiques, 8 \u00E0 1190 Forest",
"city": "Forest",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue des Tropiques",
"country": "BE",
"postcode": "1190",
"box_number": null,
"street_number": "8",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue Saint-Augustin, 28 Bo\u00EEte 1 \u00E0 1190 Forest",
"city": "Forest",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue Saint-Augustin",
"country": "BE",
"postcode": "1190",
"box_number": "1",
"street_number": "28",
"locality_suffix": null
},
"effective_date": "2023-07-15",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "future",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": "2023-08-02",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-06-21",
"unanimous": null
},
"subject_company": {
"kbo": "0773.392.975",
"name_full": "INITIAL FILMS",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Felix LAMBOT",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Bijlagen.bij.het Belgisch Staatsblad",
"Annexes du Moniteur-belge"
]
}| Legal nameFR | Initial Films |