INITIUM³
ActiveSummary
The computed 12-month bankruptcy probability of INITIUM³ is 2.7% (moderate). The 2025 annual accounts show negative equity (-€8,520) and a net result of -€622. Equity is shrinking by about 33% per year across the filed financial years. Its solvency ranks better than 5% of 22,632 sector peers (NACE 47, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€8,520
- Loss
- -€622
Why 49raises riskLoss of €622, the second in a row (financial year 2025)1 change of registered office in 24 monthsNegative equity -€8,520lowers riskSize: total assets €1,490Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 6% on solvency, 1% on liquidity, 6% on profitability and 28% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: BONTE Caroline Marie Paule (director)Appointment: VANNESTE Jérôme Freddy Léon…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €622 in 2025 against €741 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,460 | €1,173 | €1,199 | €850 | €167 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €398 | - | - | - | - |
| Gross operating margin9900 | -€1,361 | -€7,950 | -€3,937 | -€2,034 | -€1,526 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Operating profit (loss)9901 | -€3,169 | -€9,123 | -€5,135 | -€3,232 | -€2,092 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Recurring financial income75 | €13,749 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €255 | €47 | - | - | - | - |
| Recurring financial charges65 | €52 | €235 | €48 | €255 | €47 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,528 | -€9,358 | -€5,183 | -€3,487 | -€2,139 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Income taxes67/77 | €1,126 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €9,402 | -€9,358 | -€5,183 | -€3,487 | -€2,139 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €9,402 | -€9,358 | -€5,183 | -€3,487 | -€2,139 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,661 | €7,151 | €3,232 | €1,799 | €1,631 | €1,631 | €1,490 | €1,490 | = |
| Fixed assets21/28 | €3,028 | €1,855 | €1,159 | €309 | €141 | €141 | - | - | - |
| Tangible fixed assets22/27 | €3,028 | €1,855 | €1,159 | €309 | €141 | €141 | - | - | - |
| Furniture and vehicles24 | - | - | - | €309 | €141 | €141 | - | - | - |
| Current assets29/58 | €12,633 | €5,296 | €2,073 | €1,490 | €1,490 | €1,490 | €1,490 | €1,490 | = |
| Amounts receivable within one year40/41 | €7,737 | €2,518 | €1,626 | €1,490 | €1,490 | €1,490 | €1,490 | €1,490 | = |
| Other amounts receivable41 | - | - | - | €1,490 | €1,490 | €1,490 | €1,490 | €1,490 | = |
| Cash at bank and in hand54/58 | €4,897 | €2,678 | €447 | - | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,661 | €7,151 | €3,232 | €1,799 | €1,631 | €1,631 | €1,490 | €1,490 | = |
| Equity10/15 | €13,534 | €4,176 | -€1,007 | -€4,494 | -€6,632 | -€7,156 | -€7,897 | -€8,520 | ▼ 7.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €6,497 | €6,497 | €6,497 | €6,497 | €6,497 | €6,497 | €6,497 | €6,497 | = |
| Tax-exempt reserves132 | - | - | - | €6,497 | €6,497 | €6,497 | €6,497 | €6,497 | = |
| Profit (loss) carried forward14 | -€12,963 | -€22,320 | -€27,504 | -€30,990 | -€33,129 | -€33,653 | -€34,394 | -€35,016 | ▼ 1.8% |
| Amounts payable17/49 | €2,127 | €2,975 | €4,239 | €6,292 | €8,263 | €8,787 | €9,387 | €10,009 | ▲ 6.6% |
| Amounts payable after more than one year17 | €459 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1,668 | €2,975 | €4,239 | €6,292 | €8,263 | €8,787 | €9,387 | €10,009 | ▲ 6.6% |
| Financial debts43 | - | - | - | €161 | €8 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €161 | €8 | - | - | - | - |
| Trade debts44 | - | €1,240 | €777 | €17 | €553 | - | €484 | €484 | = |
| Suppliers440/4 | - | - | - | €17 | €553 | - | €484 | €484 | = |
| Other amounts payable47/48 | - | - | - | €6,115 | €7,702 | €8,787 | €8,903 | €9,525 | ▲ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,402 | -€9,358 | -€5,183 | -€3,487 | -€2,139 | -€523 | -€741 | -€622 | ▲ 16.1% |
| + Depreciation and write-downs630 | €1,460 | €1,173 | €1,199 | €850 | €167 | - | - | - | - |
| Operating cash flow (approximation) | €10,862 | -€8,185 | -€3,985 | -€2,637 | -€1,971 | -€523 | -€741 | -€622 | ▲ 16.1% |
| Investment in fixed assets (approximation) | - | €0 | -€502 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€2,218 | -€2,232 | - | - | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00252913 |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00375781 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00389967 |
| 31-12-2022 | micro format | 16-08-2023 | 2023-00330035 |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20297006 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54100228 |
| 31-12-2019 | micro format | 14-08-2020 | 2020-41600198 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-55000061 |
| 31-12-2017 | micro format | 15-08-2018 | 2018-45800250 |
| 31-12-2016 | micro format | 26-07-2017 | 2017-36300546 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANNESTE Jérôme Freddy Léon |
|
| BONTE Caroline Marie Paule |
|
Owners and capital
Capital and shareholders
- 18-05-2026 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-05
Gazette deed
Resignation: BONTE Caroline Marie Paule (director)Appointment: VANNESTE Jérôme Freddy Léon (director) · Board rule · Registered-office move12 facts ▸
- General meeting, 07-05-2026
- Director resignation, BONTE Caroline Marie Paule (director)
- Board rule, 1
- Director appointment, VANNESTE Jérôme Freddy Léon (director)
- Registered-office move, Dworpsestraat 52 1651 Beersel
- Name change, INITIUM³
- Purpose change
- Legal-form conversion, “Besloten vennootschap” (deed in French)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Reserve release, “beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Amendment of the articles
- Capital (2 times)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0479.327.181
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23046A0086/00M002 | Flanders | 427 m² | 1 · 247 m² | 11.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop, verkoop, in- en uitvoer, verhuur en leasing van nieuwe en tweedehandsvoertuigen, waaronder personenwagens en lichte…” (deed in French)
10 activities (deed in French)
- De aankoop, verkoop, in- en uitvoer, verhuur en leasing van nieuwe en tweedehandsvoertuigen, waaronder personenwagens en lichte bedrijfsvoertuigen, alsook alle aanverwante activiteiten in de automobielsector, zoals carrosserie en mechanica
- Het uitvoeren van algemene bouwwerken en renovatiewerken, met inbegrip van ruwbouwwerken, afwerking en coördinatie van werken
- Schrijnwerk en timmerwerk, zowel binnen- als buitenschrijnwerk
- Elektrische installaties in gebouwen, inclusief onderhoud en herstelling
- Loodgieterswerken, sanitaire installaties en installatie van verwarmings- en klimaatregelingssystemen
- Stukadoorswerken en andere afwerkingswerken van gebouwen
- Architecturale en technische studieactiviteiten, inclusief advies en begeleiding in bouwprojecten
- De aankoop en verkoop van meubelen en andere huishoudelijke artikelen
- Het verwerven, beheren, valoriseren en vervreemden van roerende en onroerende goederen, inclusief vastgoedontwikkeling en vastgoedbeheer
- Het houden van deelnemingen in andere vennootschappen, het beheer ervan en het verstrekken van leningen, waarborgen of andere vormen van financiële ondersteuning
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INITIUM³
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, naar elke andere plaats van het Nederlandstalig taalgebied of van het Vlaams Gewest door eenvoudige beslissing van het…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16.- Vertegenwoordiging - Gerechtelijke handelingen en rechtshandelingen. De Vennootschap wordt vertegenwoordigd in de handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, onbezoldigd behalve andersluidende beslissing” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “1, 1” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Minstens helft aandeelhouders die minstens drie/vierde aandelen bezitten na aftrek voorgestelde aandelen” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Toelating, bestuursorgaan” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Statuten en besluiten algemene vergadering, statuten en rechtsgeldige besluiten algemene vergadering” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Meest_uitgebreide_bevoegdheden_artikelen_2:87_e.v._WVV, door_AV_benoemde_vereffenaars_bij_gebreke_in_functie_zijnde_bestuurders_als_vereffen…” (deed in French)