INITIUM DIGITAL
ActiveSummary
INITIUM DIGITAL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €20k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-5
Solvency94▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 2.88 in 2024; short-term debt: 30.9% and cash: 3.6% of total assets), and 30.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.1%
Return on assets
18.7%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
6 d early
2023
30 d late
2022
59 d late
2021
19 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€75k▲ 37.2%
2024 · €55k
2020: €19klowest in 6 years
2021: €19k▲ +0.3% vs 2020
2022: €24k▲ +26.4% vs 2021
2023: €36k▲ +52.7% vs 2022
2024: €55k▲ +51.4% vs 2023
2025: €75k▲ +37.2% vs 2024highest in 6 years
2020 → 2025
Total assets
€109k▲ 30.2%
2024 · €84k
2020: €46k
2021: €39k▼ -13.8% vs 2020lowest in 6 years
2022: €54k▲ +37.3% vs 2021
2023: €71k▲ +31.6% vs 2022
2024: €84k▲ +17.4% vs 2023
2025: €109k▲ +30.2% vs 2024highest in 6 years
2020 → 2025
Net result
€20k▲ 9.4%
2024 · €19k
2020: €13k
2021: €52▼ -99.6% vs 2020lowest in 6 years
2022: €5k▲ +9401% vs 2021
2023: €12k▲ +153% vs 2022
2024: €19k▲ +49.0% vs 2023
2025: €20k▲ +9.4% vs 2024highest in 6 years
2020 → 2025
Working capital
€75k▲ 38.7%
2024 · €54k
2020: €19k
2021: €17k▼ -8.8% vs 2020lowest in 6 years
2022: €24k▲ +37.8% vs 2021
2023: €35k▲ +45.4% vs 2022
2024: €54k▲ +56.4% vs 2023
2025: €75k▲ +38.7% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€24k▲ 26.4%€36k▲ 52.7%€55k▲ 51.4%€75k▲ 37.2%
2021: €19klowest in 5 years
2022: €24k▲ +26.4% vs 2021
2023: €36k▲ +52.7% vs 2022
2024: €55k▲ +51.4% vs 2023
2025: €75k▲ +37.2% vs 2024highest in 5 years
Operating result€2k-€9k▲ 483%€18k▲ 96.6%€27k▲ 52.6%€29k▲ 5.0%
2021: €2klowest in 5 years
2022: €9k▲ +483% vs 2021
2023: €18k▲ +96.6% vs 2022
2024: €27k▲ +52.6% vs 2023
2025: €29k▲ +5.0% vs 2024highest in 5 years
Net result€52-€5k▲ 9,401%€12k▲ 153%€19k▲ 49.0%€20k▲ 9.4%
2021: €52lowest in 5 years
2022: €5k▲ +9401% vs 2021
2023: €12k▲ +153% vs 2022
2024: €19k▲ +49.0% vs 2023
2025: €20k▲ +9.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€284 ▼ 64.9%
Current assets
€109k ▲ 31.1%
Equity and liabilities €109k
Equity
€75k ▲ 37.2%
Debt
€34k ▲ 17.0%
Debt's share of the balance-sheet total falls from 34.4% to 30.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €28k
Cash flow
€21k▲
2024 · €20k
Current ratio
3.23▲
2024 · 2.88
Debt to equity
0.45▼
2024 · 0.52
ROE
27.1%▼
2024 · 34.0%
ROA
18.7%▼
2024 · 22.3%
Interest coverage
18.56▼
2024 · 192.81
Debt ≤ 1 year
€34k▲
2024 · €29k
Income taxes
€8k▼
2024 · €10k
Staff costs
€57k▲
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€109k▲
Fixed assets21/28€808€284▼
Intangible fixed assets21€599€284▼
Tangible fixed assets22/27€209-
Furniture and vehicles24€209-
Current assets29/58€83k€109k▲
Amounts receivable within one year40/41€77k€103k▲
Trade receivables40€23k€48k▲
Other amounts receivable41€54k€55k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€84k€109k▲
Equity10/15€55k€75k▲
Contributions10/11€6k€6k=
Reserves13€49k€69k▲
Distributable reserves133€49k€69k▲
Amounts payable17/49€29k€34k▲
Amounts payable within one year42/48€29k€34k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€26k€32k▲
Taxes450/3€20k€22k▲
Remuneration and social security454/9€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€54k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€886€524▼
Other operating charges640/8€449€2k▲
Gross operating margin9900€83k€88k▲
Operating profit (loss)9901€27k€29k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€146€2k▲
Recurring financial charges65€146€2k▲
Profit (loss) for the period before taxes9903€28k€28k▲
Income taxes67/77€10k€8k▼
Profit (loss) for the period9904€19k€20k▲
Profit (loss) for the period to be appropriated9905€19k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€20k▲
Transfer to equity691/2€19k€20k▲
To other reserves6921€19k€20k▲
Social balance
Average headcount (FTE)90870.80.8=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €44k | €48k | €54k | €54k | €57k | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53 | €796 | €957 | €886 | €524 | ▼ 40.9% |
| Other operating charges640/8 | €423 | €410 | €446 | €449 | €2k | ▲ 245% |
| Gross operating margin9900 | €46k | €58k | €73k | €83k | €88k | ▲ 5.8% |
| Operating profit (loss)9901 | €2k | €9k | €18k | €27k | €29k | ▲ 5.0% |
| Financial income75/76B | €7 | €1 | €427 | €1k | €1k | ▲ 10.3% |
| Recurring financial income75 | €7 | €1 | €427 | €1k | €1k | ▲ 10.3% |
| Financial charges65/66B | €335 | €180 | €219 | €146 | €2k | ▲ 976% |
| Recurring financial charges65 | €335 | €180 | €219 | €146 | €2k | ▲ 976% |
| Profit (loss) for the period before taxes9903 | €1k | €9k | €18k | €28k | €28k | ▲ 0.2% |
| Income taxes67/77 | €1k | €4k | €6k | €10k | €8k | ▼ 17.6% |
| Profit (loss) for the period9904 | €52 | €5k | €12k | €19k | €20k | ▲ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €52 | €5k | €12k | €19k | €20k | ▲ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €54k | €71k | €84k | €109k | ▲ 30.2% |
| Fixed assets21/28 | €2k | €3k | €2k | €808 | €284 | ▼ 64.9% |
| Intangible fixed assets21 | €2k | €1k | €892 | €599 | €284 | ▼ 52.6% |
| Tangible fixed assets22/27 | - | €1k | €802 | €209 | - | - |
| Furniture and vehicles24 | - | €1k | €802 | €209 | - | - |
| Current assets29/58 | €38k | €51k | €69k | €83k | €109k | ▲ 31.1% |
| Amounts receivable within one year40/41 | €20k | €20k | €47k | €77k | €103k | ▲ 33.5% |
| Trade receivables40 | €20k | €20k | €9k | €23k | €48k | ▲ 106% |
| Other amounts receivable41 | - | - | €38k | €54k | €55k | ▲ 2.2% |
| Cash at bank and in hand54/58 | €18k | €25k | €18k | €2k | €4k | ▲ 91.8% |
| Deferred charges and accrued income490/1 | €178 | €6k | €4k | €4k | €2k | ▼ 56.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €54k | €71k | €84k | €109k | ▲ 30.2% |
| Equity10/15 | €19k | €24k | €36k | €55k | €75k | ▲ 37.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €13k | €18k | €30k | €49k | €69k | ▲ 41.9% |
| Distributable reserves133 | €13k | €18k | €30k | €49k | €69k | ▲ 41.9% |
| Amounts payable17/49 | €21k | €30k | €35k | €29k | €34k | ▲ 17.0% |
| Amounts payable within one year42/48 | €21k | €28k | €35k | €29k | €34k | ▲ 17.0% |
| Trade debts44 | €1k | €10k | €14k | €3k | €1k | ▼ 55.2% |
| Suppliers440/4 | €1k | €10k | €14k | €3k | €1k | ▼ 55.2% |
| Taxes, remuneration and social security45 | €19k | €18k | €21k | €26k | €32k | ▲ 25.2% |
| Taxes450/3 | €9k | €9k | €13k | €20k | €22k | ▲ 14.8% |
| Remuneration and social security454/9 | €10k | €8k | €8k | €6k | €10k | ▲ 57.5% |
| Other amounts payable47/48 | - | €410 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €3k | €41 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52 | €5k | €12k | €19k | €20k | ▲ 9.4% |
| + Depreciation and write-downs630 | €53 | €796 | €957 | €886 | €524 | ▼ 40.9% |
| Operating cash flow (approximation) | €105 | €6k | €13k | €20k | €21k | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €0 | - |
| Change in cash | - | €8k | €-8k | €-16k | €2k | ▲ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €20k ▲9.4%
Operating result €29k, net result €20k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €52 ▼99.6%
Net result drops to €52, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 1 establishment unit since 2019
Ground area
1,622 m²
Building footprint
222 m²
Volume, LiDAR
1,238 m³
Parcel 71322B0461/00R000, Flanders · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
INITIUM DIGITAL
since 20192.285.325.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322B0461/00R000 | Flanders | 1,622 m² | 1 · 222 m² | 18.3 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,936 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
Founded06-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.