Equity
€42,546 ▲ 26.8%
Initialize paid out €39,560 in dividends. That is 81% of the 2025 profit.
Initialize
Lifetime
5 annual accounts with figures on one time axispeak €64,849 (2025)
€64,849▲ 178%
lowest -€22,373 (2023)
€48,546▲ 130%
peak €42,546 (2025)
€42,546▲ 26.8%
€32,237▲ 114%
Board1 name since 2021
1 directorROELS Koen
Documentsfilings and deeds
19-05-202673 days before the deadline
2025micro format
Gross margin from €23,351 to €64,849Result from €21,086 to €48,546Dividend €39,560Equity from €33,560 to €42,546Debts from €15,033 to €32,237Cash from €37,081 to €59,657
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 70% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%highest value
01-2025: 0.1%● unchanged vs 12-2024highest value
02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
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 01-2026lowest value
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: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.33, cash €59,657
Size: total assets €74,783
Equity €42,546 (56.9% of total assets)
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 70, micro). It does better than 52% of them on solvency, 71% on liquidity, 84% on profitability and 71% 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, 26,972 companies had the same profile as Initialize has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Initialize itself is lower: < 0.1% within 12 months. It rests on far more data about Initialize 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 26,972 companies, not a prediction for Initialize. 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
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.33 (3.35 in 2024), above the usual 1.5. Short-term debt is 42.6% and cash 79.8% of total assets. 43.1% of the assets are financed with debt and provisions.
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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 19-05-2026, 73 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
73 days early
2024
3 days early
2023
12 days early
2022
7 days early
2021
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 26 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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. The company usually files around 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
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 0208:0768893957
Incorporation
Founding capital of €4,000, 100 shares · Founder: ROELS Koen · Appointment: ROELS Koen (director) · published on 02-06-2021 · Gazette deed
First establishment
Oude Heirbaan 37, Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Initialize Merelbeke-Melle | €74,783 | €64,849 | 56.9% | - |
| Bruno Dhont Oudenaarde | €88,024 | €74,653 | 61.1% | - |
| DS Projects Kapellen | €69,103 | €70,428 | 10.4% | - |
| BL Agro BE Ypres | €63,971 | €63,907 | 9.0% | - |
| INCREMENTALISM Oostkamp | €73,704 | €66,630 | 6.8% | - |
| FLAPJACK Alveringem | €81,818 | €80,897 | 3.1% | - |
| EDOUARD AV Zulte | €101,637 | €63,211 | 46.9% | - |
These companies have the same main activity as Initialize: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €64,000 and €102,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 31-05-2021Normal situation
- Activity
- Activities of head officesNACE 70100and 2 others
- Establishment unit
- 2.318.872.7939090 Merelbeke-Melle, since 31-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 16-11-2025
Annual accounts 2025
- €74,783▲ 53.9%
- Filing
- Filed on 19-05-2026, 73 days before the end of the filing period
Insights on Initialize
Initialize files the micro format. That format states no turnover. The gross margin rose from €40,651 in 2021 to €64,849 in 2025.
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 Initialize
- What is the company number of Initialize?
- The company number of Initialize is 0768.893.957. The VAT number is the same number with BE in front: BE 0768.893.957.
- Where is Initialize based?
- The registered office is at Oude Heirbaan 37, 9090 Merelbeke-Melle.Company details
- What does Initialize do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of Initialize?
- Initialize is a private limited company (BV).
- When was Initialize founded?
- Initialize was founded on 31-05-2021.
- Is Initialize still active?
- Yes, Initialize is an active enterprise in the KBO register.
- What is the turnover of Initialize?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €64,849 and 126 comparable companies (NACE 70). It probably lies between €100,000 and €170,000.Financials
- Is Initialize profitable?
- In financial year 2025, Initialize made a profit of €48,546.
- Where can I find the annual accounts of Initialize?
- Initialize filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Initialize due?
- Initialize must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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