Initial Spark
ActiveSummary
Initial Spark has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-647) and a net result of €-3k. Its solvency ranks better than 8% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-30
Solvency15▼-33
Growth32
Track record82
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.45 in 2024; short-term debt: 109.6% and cash: 19.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.6%
Return on assets
-42.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-647
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 d early
2024
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-647
2024 · €2k
2024: €2k
2025: €-647▼ -129% vs 2024
2024 → 2025
Total assets
€7k▼ 31.1%
2024 · €10k
2024: €10k
2025: €7k▼ -31.1% vs 2024
2024 → 2025
Net result
€-3k▼ 881%
2024 · €-291
2024: €-291
2025: €-3k▼ -881% vs 2024
2024 → 2025
Working capital
€-6k▼ 43.5%
2024 · €-4k
2024: €-4k
2025: €-6k▼ -43.5% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€2k-€-647
2024: €2k
2025: €-647▼ -129% vs 2024
Operating result€-339-€-3k▼ 720%
2024: €-339
2025: €-3k▼ -720% vs 2024
Net result€-291-€-3k▼ 881%
2024: €-291
2025: €-3k▼ -881% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €339 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€4k ▼ 20.0%
Current assets
€1k ▼ 59.0%
Key figures and ratios
EBITDA
€-2k
Cash flow
€-2k
Solvency
-9.6%▼
2024 · 22.6%
Current ratio
0.19▼
2024 · 0.45
ROA
-42.4%▼
2024 · -3.0%
Interest coverage
-24.08
Debt
€7k▼
2024 · €8k
Debt ≤ 1 year
€7k▼
2024 · €8k
Equity ratios withheld: equity of €-647 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10k€7k▼
Formation expenses20€1k€1k=
Fixed assets21/28€5k€4k▼
Intangible fixed assets21€5k€4k▼
Current assets29/58€3k€1k▼
Amounts receivable within one year40/41€2k€76▼
Trade receivables40€2k€0▼
Other amounts receivable41-€76
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€10k€7k▼
Equity10/15€2k€-647▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-291€-3k▼
Amounts payable17/49€8k€7k▼
Amounts payable within one year42/48€8k€7k▼
Trade debts44€1k€30▼
Suppliers440/4€1k€30▼
Taxes, remuneration and social security45€71€0▼
Taxes450/3€71€0▼
Other amounts payable47/48€6k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8-€282
Gross operating margin9900€-339€-1k▼
Operating profit (loss)9901€-339€-3k▼
Financial income75/76B€48€1▼
Recurring financial income75€48€1▼
Financial charges65/66B-€72
Recurring financial charges65-€72
Profit (loss) for the period before taxes9903€-291€-3k▼
Profit (loss) for the period9904€-291€-3k▼
Profit (loss) for the period to be appropriated9905€-291€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-291€-3k▼
Profit (loss) brought forward from the previous period14P-€-291
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Other operating charges640/8 | - | €282 | - |
| Gross operating margin9900 | €-339 | €-1k | ▼ 331% |
| Operating profit (loss)9901 | €-339 | €-3k | ▼ 720% |
| Financial income75/76B | €48 | €1 | ▼ 98.8% |
| Recurring financial income75 | €48 | €1 | ▼ 98.8% |
| Financial charges65/66B | - | €72 | - |
| Recurring financial charges65 | - | €72 | - |
| Profit (loss) for the period before taxes9903 | €-291 | €-3k | ▼ 881% |
| Profit (loss) for the period9904 | €-291 | €-3k | ▼ 881% |
| Profit (loss) for the period to be appropriated9905 | €-291 | €-3k | ▼ 881% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10k | €7k | ▼ 31.1% |
| Formation expenses20 | €1k | €1k | = |
| Fixed assets21/28 | €5k | €4k | ▼ 20.0% |
| Intangible fixed assets21 | €5k | €4k | ▼ 20.0% |
| Current assets29/58 | €3k | €1k | ▼ 59.0% |
| Amounts receivable within one year40/41 | €2k | €76 | ▼ 95.7% |
| Trade receivables40 | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €76 | - |
| Cash at bank and in hand54/58 | €2k | €1k | ▼ 19.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10k | €7k | ▼ 31.1% |
| Equity10/15 | €2k | €-647 | ▼ 129% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €-291 | €-3k | ▼ 981% |
| Amounts payable17/49 | €8k | €7k | ▼ 2.5% |
| Amounts payable within one year42/48 | €8k | €7k | ▼ 2.5% |
| Trade debts44 | €1k | €30 | ▼ 97.9% |
| Suppliers440/4 | €1k | €30 | ▼ 97.9% |
| Taxes, remuneration and social security45 | €71 | €0 | ▼ 100% |
| Taxes450/3 | €71 | €0 | ▼ 100% |
| Other amounts payable47/48 | €6k | €7k | ▲ 21.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-291 | €-3k | ▼ 881% |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | €-291 | €-2k | ▼ 523% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-324 | - |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Arendonk · 1 establishment unit since 2024
Ground area
675 m²
Building footprint
134 m²
Volume, LiDAR
746 m³
Parcel 13322D0666/00C000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Initial Spark
since 20242.359.308.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322D0666/00C000 | Flanders | 675 m² | 1 · 134 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Growth Signals
BE 0783.592.922
Anderlecht · Eq €2,210
CORELAND
BE 0475.772.627
Aalter · Eq €2,215
Genius Designs
BE 1030.590.950
Evere · Eq €2,199
Emvi.ai
BE 1004.647.014
Oudenburg · Eq €2,220
Patrice MAHIAT
BE 0735.425.888
Burdinne · Eq €2,228
Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 1,776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47742Retail sale of prescription glasses, lenses and sunglasses
62200Computer consultancy and computer facilities management
63920Other information service activities
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.