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Initial-V

Active
Private limited companyfounded 20241 yr activeL. Vandenhovenstraat 45, 1140 Evere, BelgiumKBO/BCE: BE 1015.550.804
Summary

Initial-V has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,489 and a net result of €31,322. Its solvency ranks better than 78% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.79; short-term debt: 22.8% and cash: 69.6% of total assets), and 23.7% of the assets are financed with debt.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.3%
Return on assets
71.4%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
8 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Initial-V was incorporated on 24 October 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€33,489
Total assets
€43,894
Net result
€31,322
Working capital
€27,926

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €43,894
Fixed assets €5,967
Current assets €37,927
Equity and liabilities €43,894
Equity €33,489
Debt €10,405
Debt finances 23.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€41,334
Cash flow
€33,064
Current ratio
3.79
Debt to equity
0.31
ROE
93.5%
ROA
71.4%
Interest coverage
254.55
Debt ≤ 1 year
€10,001
Income taxes
€8,108

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,279 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€43,894
Fixed assets21/28€5,967
Tangible fixed assets22/27€5,562
Furniture and vehicles24€5,562
Financial fixed assets28€405
Current assets29/58€37,927
Amounts receivable within one year40/41€2,310
Trade receivables40€425
Other amounts receivable41€1,884
Cash at bank and in hand54/58€30,538
Deferred charges and accrued income490/1€5,079
Equity and liabilities
Total equity and liabilities10/49€43,894
Equity10/15€33,489
Contributions10/11€3,000
Profit (loss) carried forward14€30,489
Amounts payable17/49€10,405
Amounts payable within one year42/48€10,001
Trade debts44€770
Suppliers440/4€770
Taxes, remuneration and social security45€2,407
Taxes450/3€2,407
Other amounts payable47/48€6,824
Accrued charges and deferred income492/3€405
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,742
Other operating charges640/8€471
Non-recurring operating charges66A€964
Gross operating margin9900€42,768
Operating profit (loss)9901€39,592
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€162
Recurring financial charges65€162
Profit (loss) for the period before taxes9903€39,430
Income taxes67/77€8,108
Profit (loss) for the period9904€31,322
Profit (loss) for the period to be appropriated9905€31,322
Appropriation of the result
Profit (loss) to be appropriated9906€31,322
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,742
Other operating charges640/8€471
Non-recurring operating charges66A€964
Gross operating margin9900€42,768
Operating profit (loss)9901€39,592
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€162
Recurring financial charges65€162
Profit (loss) for the period before taxes9903€39,430
Income taxes67/77€8,108
Profit (loss) for the period9904€31,322
Profit (loss) for the period to be appropriated9905€31,322
Line2025
Assets
Total assets20/58€43,894
Fixed assets21/28€5,967
Tangible fixed assets22/27€5,562
Furniture and vehicles24€5,562
Financial fixed assets28€405
Current assets29/58€37,927
Amounts receivable within one year40/41€2,310
Trade receivables40€425
Other amounts receivable41€1,884
Cash at bank and in hand54/58€30,538
Deferred charges and accrued income490/1€5,079
Equity and liabilities
Total equity and liabilities10/49€43,894
Equity10/15€33,489
Contributions10/11€3,000
Profit (loss) carried forward14€30,489
Amounts payable17/49€10,405
Amounts payable within one year42/48€10,001
Trade debts44€770
Suppliers440/4€770
Taxes, remuneration and social security45€2,407
Taxes450/3€2,407
Other amounts payable47/48€6,824
Accrued charges and deferred income492/3€405
Line2025
Profit (loss) for the period9904€31,322
+ Depreciation and write-downs630€1,742
Operating cash flow (approximation)€33,064

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · 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.

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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, Evere · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
275 m²
Building footprint
97 m²
Volume, LiDAR
666 m³
Parcel 21006A0053/00H003, Brussels · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INITIAL-V
L. Vandenhovenstraat 45, 1140 EvereDriving schools for cars and motorcycles
since 20242.365.886.319
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21006A0053/00H003 Brussels 275 m² 1 · 97 m² 12.0 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

Of 1,038 companies in sector 85531 we hold annual accounts for 347. 265 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
Founded24-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
85531Driving schools for cars and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015550804
Registered 24-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.