Initial Spark
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €6,735 on 31-12-2025in euro
in euro
Position in the sector
-9.6%
Higher than 8% of 21,208 companies in 2025.
0.19
Lower than 95% of 20,571 companies in 2025.
-42.4%
Lower than 95% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
6,735 | 9,781 | |
20 |
1,180 | 1,180 | |
21/28 |
4,161 | 5,202 | |
21 |
4,161 | 5,202 | |
29/58 |
1,393 | 3,400 | |
40/41 |
76 | 1,758 | |
40 |
0 | 1,758 | |
41 |
76 | - | |
54/58 |
1,317 | 1,642 | |
| Balance sheet: equity and liabilities | |||
10/49 |
6,735 | 9,781 | |
10/15 |
-647 | 2,209 | |
10/11 |
2,500 | 2,500 | |
14 |
-3,147 | -291 | |
17/49 |
7,382 | 7,572 | |
42/48 |
7,382 | 7,572 | |
44 |
30 | 1,453 | |
440/4 |
30 | 1,453 | |
45 |
0 | 71 | |
450/3 |
0 | 71 | |
47/48 |
7,352 | 6,048 | |
| Income statement | |||
9900 |
-1,462 | -339 | |
630 |
1,040 | - | |
640/8 |
282 | - | |
9901 |
-2,784 | -339 | |
75/76B |
1 | 48 | |
75 |
1 | 48 | |
65/66B |
72 | - | |
65 |
72 | - | |
9903 |
-2,856 | -291 | |
9904 |
-2,856 | -291 | |
9905 |
-2,856 | -291 | |
| Appropriation of the result | |||
9906 |
-3,147 | -291 | |
14P |
-291 | - | |
| Document | |||
The notes to these accounts have 7 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 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -1,744 | - | ||
| -1,816 | - | ||
| 0 | 5,202 | ||
| -324 | - | ||
| -5,988 | -4,173 | ||
| -9.6% | 22.6% | ||
| 0.19 | 0.45 | ||
| - | 3.43 | ||
| - | -13.2% | ||
| -42.4% | -3.0% | ||
| -24.08 | - |
The equity ratios are withheld because equity of -€647 is too small for a meaningful ratio.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Intangible fixed assets | - | €5,202 |
| Financial fixed assets | €0 | - |
| €1,040 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Initial Spark
The operating result for 2025 is a loss of €2,784, larger than the loss of €339 in 2024.
Equity is negative. Debt (€7,382) exceeds the balance-sheet total (€6,735).