Equity
-€647
Debts exceed assets in financial year 2025.
Initial Spark
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- -€1,462▼ 331%
- €2,856▲ 881%
- -€647
- €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.
Financials
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadline-€1,462
▼ €1,123
-€2,784
▼ €2,445
-€2,856
▼ €2,565
-€5,988
▼ €1,816
-9.6%
▼ 32.2 percentage points
0.19
▼ 0.26
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €6,735 on 31-12-2025What the company ownsHow it is paid for
in 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.
Initial Spark
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
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).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 06-05-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 10-07-2026
Mandates through the years
1 name, the dashed line is todayCORREMANS,Thomas Alexander Karel
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CORREMANS,Thomas Alexander Karel
- Director (not named in the articles), appointed by deed of 06-05-2024, still in office
Control
Capital
- Contribution
- €2,500
- Shares
- 25,000
- Contribution per share
- €0.10
- Equity per share
- -€0.03 in 2025
- Source
- deed of 06-05-2024
Articles of association
deed of 06-05-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering kan vertrekvergoeding toekennen, één of meer bestuurders”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 19:00
Founder
At incorporation
deed of 06-05-2024 ↗
- CORREMANS,Thomas Alexander Karel sole founder · 100% at incorporation
Network & group
No group
Initial Spark has no parent and no holdings in its annual accounts. CORREMANS,Thomas Alexander Karel is the only director. Initial Spark shares no director with another company.
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Annual accounts 2024 filed NBBmicro format · 8 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1009008153
2024
IncorporationFounding capital of €2,500, 25,000 shares · Founder: CORREMANS, Thomas Alexander Karel · Appointment: CORREMANS, Thomas Alexander Karel (director) · published on 06-05-20245 points ▸
- Founder, CORREMANS, Thomas Alexander Karel
- Founding capital, €2,500, 25,000 shares
- Director appointment, CORREMANS, Thomas Alexander Karel (director (not named in the articles))
- Power of attorney, SBB Gecertificeerde Accountants en Adviseurs
- Power of attorney, SBB Bedrijfsdiensten
- The deed holds 1 more point.
First establishment Heilaar 15, Arendonk
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Initial Spark was incorporated on 2 May 2024 as a private limited company by one natural person, with a starting capital of €2,500.12 CORREMANS,Thomas Alexander Karel is director of the company, appointed by deed of 06-05-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1009.008.153
- VAT number
- BE 1009.008.153
- Peppol ID
- 0208:1009008153
- Other Peppol ID
- 9925:BE1009008153
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-05-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 19:00deed of 06-05-2024 (in Dutch)
- Peppol
- Reachable since 01-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Initial Spark in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-05-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Heilaar 15, 2370 Arendonk”deed of 06-05-2024 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
47782
Retail trade
62020
IT consultancy
63990
Computing infrastructure, data processing, hosting and other information service activities
95110
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Preventief onderhoud; 2.Dringende tussenkomsten en herstellingen; 3.Activiteiten van grafische designers; 4.Vervaardiging van andere…”deed of 06-05-2024 (in Dutch)
16 activities
- 1.Preventief onderhoud;
- 2.Dringende tussenkomsten en herstellingen;
- 3.Activiteiten van grafische designers;
- 4.Vervaardiging van andere producten van kunststof;
- 5.Overige zakelijke dienstverlening:videospellen.
- Het ontwikkelen van computerprogramma’s.De analyse van automatiseringsprojecten.Consulting en de bemiddeling in informatisering.Het verstrekken van informaticaopleidingen.
- Het uitbaten van computeradviesbureaus:het verlenen van advies over soorten computers(hardware)en hun configuratie en toepassing van bijbehorende programmatuur(software):analyseren van behoeften en problemen van gebruiker en het aanbieden van de beste oplossing;de activiteiten van systeemintegrators.
- Realisatie en installatie van programma’s en gebruiksklare systemen:analyseren,ontwerpen,programmeren en eventueel uitgeven van gebruiksklare systemen,inclusief systemen van automatische data identificatie:ontwikkeling,productie,levering/samenstelling van documentatie over standaard-of speciale programmatuur;het verlenen van advies met betrekking tot informaticaprogramma’s;het verlenen van bijstand bij de toepassing van programma’s.
- Gegevensverwerking:het al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant(invoeren van gegevens,volledige verwerking van gegevens);het permanent beheren van en werken met de gegevensverwerkende apparatuur van derden
- Databanken:de samenstelling van databanken door samenbrengen en al dan niet interpreteren van bestaande gegevens uit verschillende bronnen(uurroosters,industriële catalogi,wetenschappelijke gegevens,financiële informatie,adressenbestanden,en dergelijke);de opslag van gegevens door middel van een computerrecord in een bepaald formaat;terbeschikking stellen van databank door het leveren van gegevens in een bepaalde volgorde on-line of door gegevens,op verzoek gesorteerd,toegankelijk te maken voor iedereen of voor bepaalde groep gebruikers door middel van listings,en dergelijke
- Het aanbieden van alle mogelijke internetdiensten.
- De exploitatie van elektronische communicatienetwerken voor algemeen gebruik of ten behoeve van bepaalde categorieën van gebruikers.
- Groot en kleinhandel en handelsbemiddeling in computers,randapparatuur en standaardprogramma's,hardware,software,kantoorapparatuur,-materieel en–meubelen,elektrisch en elektronisch materiaal,inclusief installatiemateriaal.
- Verhuur en operationele leasing van kantoormachines,inclusief computers,zonder bedieningspersoneel:computerapparatuur,duplicators,fotokopieermachines,schrijfmachines,tekstverwerkers,rekenmachines,telefoonapparatuur,standaard-programmatuur.
- Het onderhoud en reparatie van computers,kantoormachines en randapparatuur.
- Alle overige activiteiten in verband met computers en informatica.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Heilaar 15 registered office 2370 Arendonk | 02-05-2024 | 2.359.308.729 |
Buildings and parcels at the address
- Ground area
- 675 m²
- Buildings
- 134 m²
- Volume, LiDAR
- 746 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13322D0666/00C000 | 675 m² | 1 · 134 m² | 9.3 m · 2 |