Equity
-€647
Debts exceed assets in financial year 2025.
Initial Spark
Lifetime
2 annual accounts with figures on one time axispeak -€339 (2024)
-€1,462▼ €1,123
lowest -€2,856 (2025)
-€2,856▼ €2,565
peak €2,209 (2024)
-€647▼ €2,856
€7,382▼ 2.5%
Board1 name since 2024
1 directorCORREMANS,Thomas Alexander Karel
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Gross margin from -€339 to -€1,462Loss of €2,856Equity from €2,209 to -€647
Key points
from the 2025 annual accountsLosses
-€3,147 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€7,382 110% of the balance sheet
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 6% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 0.4%
07-2025: 0.4%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.3 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€647
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €6,735
Liquidity: current ratio 0.19, cash €1,317
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 7% of them on solvency, 9% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Initial Spark has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Initial Spark itself is lower: 0.2% within 12 months. It rests on far more data about Initial Spark than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,639 companies, not a prediction for Initial Spark. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.19 (0.45 in 2024), below 1. Short-term debt is 109.6% and cash 19.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
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
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 days early
2024
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 15 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1009008153
Incorporation
Founding capital of €2,500, 25,000 shares · Founder: CORREMANS, Thomas Alexander Karel · Appointment: CORREMANS, Thomas Alexander Karel (director) · published on 06-05-2024 · Gazette deed
First establishment
Heilaar 15, Arendonk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Initial Spark Arendonk | €6,735 | -€1,462 | -9.6% | - |
| ValueShift Mechelen | €5,561 | -€16 | 9.8% | - |
| Pokerbase Leuven | €7,235 | -€4,677 | 45.9% | - |
| CYBERTRON SOLUTIONS Evere | €7,599 | -€3,928 | -3.6% | - |
| CLT CONCEPT Manage | €7,597 | -€21,999 | -306.6% | - |
| HAMURLABS Leuven | €7,800 | -€13,389 | -126.2% | 0 |
| Connect2Succes Zwevegem | €6,414 | -€5,308 | 97.1% | - |
These companies have the same main activity as Initial Spark: computer programming (NACE 62100). They are comparable in size and age: total assets between €5,560 and €7,800, founded in 2024.
Official details
Source: KBO- Status
- Active since 02-05-2024Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.359.308.7292370 Arendonk, since 02-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2025
Annual accounts 2025
- €6,735▼ 31.1%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on Initial Spark
Initial Spark has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€647) and a net result of -€2,856.
Its solvency ranks better than 8% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Initial Spark
- What is the company number of Initial Spark?
- The company number of Initial Spark is 1009.008.153. The VAT number is the same number with BE in front: BE 1009.008.153.
- Where is Initial Spark based?
- The registered office is at Heilaar 15, 2370 Arendonk.Company details
- What does Initial Spark do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Initial Spark?
- Initial Spark is a private limited company (BV).
- When was Initial Spark founded?
- Initial Spark was founded on 02-05-2024.
- Is Initial Spark still active?
- Yes, Initial Spark is an active enterprise in the KBO register.
- What is the turnover of Initial Spark?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Initial Spark profitable?
- In financial year 2025, Initial Spark made a loss of €2,856.
- Where can I find the annual accounts of Initial Spark?
- Initial Spark filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Initial Spark due?
- Initial Spark must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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