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InitOne

Active Private limited companyfounded 2019active for 6 yearsAlsembergsesteenweg 959, 1180 UccleKBO/BCE: BE 0740.528.286
InitOne
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €75,066 (2025)
€75,066▲ 19.6%
lowest -€3,826 (2021)
€50,066▲ 24.7%
peak €65,815 (2025)
€65,815▲ 0.1%
€59,600▲ 82.4%
Board1 name since 2019
1 directorVAN DEN MEERSSCHAUT,Michaël
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €62,770 to €75,066Dividend €50,000Debts from €32,681 to €59,600Cash from €29,341 to €66,272

Key points

from the 2025 annual accounts

Equity

€65,815 ▲ 0.1%
65,7492024+50,066Profit-50,000Dividend65,8152025

InitOne paid out €50,000 in dividends. That is 100% of the 2025 profit.

Turnover

≈ €140,000 estimated

The micro format states no turnover.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 3 to 33 days before the end of the period.

Checked score

95
Excellent
Financially stronger than 58% of micro companies in computer programming and consultancy (NACE 62)
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 25,933 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 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 01-2026 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: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

77-15equity 52.5% of total assets
77+4short-term debt 47.5% · cash 52.8%
100=return on assets 39.9%

Score breakdown

lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.65, cash €66,272
Size: total assets €125,415
Equity €65,815 (52.5% 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 62, micro). It does better than 45% of them on solvency, 60% on liquidity, 82% on profitability and 43% on growth.

The bankruptcy probability was computed on 10-11-2026 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 InitOne 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
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of InitOne itself is lower: < 0.1% within 12 months. It rests on far more data about InitOne 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 InitOne. 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 €6,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.65 (1.86 in 2024), above the usual 1.5. Short-term debt is 47.5% and cash 52.8% of total assets. 47.5% 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
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 1.65, cash €66,272
NBB · annual accounts
lowers risk · Size: total assets €125,415
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €65,815 (52.5% of total assets)
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
32 days early
2024
29 days early
2023
33 days early
2022
3 days early
2021
3 days early
2020
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 17 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. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VD
VAN DEN MEERSSCHAUT,Michaël
Director, since 27-12-2019
  • VAN DEN MEERSSCHAUT,Michaël 100 sharesdeed of 31-12-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0740528286
First establishment Alsembergsesteenweg 959, Uccle
Incorporation Founding capital of €7,000, 100 shares · Founder: VAN DEN MEERSSCHAUT, Michaël (comparant) · Appointment: VAN DEN MEERSSCHAUT, Michaël (director) · published on 31-12-2019 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
InitOne Uccle €125,415 €75,066 52.5% -
BERNIER CONSULTING Uccle €106,919 €76,678 89.2% -
DEVOPRO Auderghem €133,840 €72,259 36.6% -
KYKK SERVICES Schaerbeek €124,073 €81,486 44.0% -
THE LIMELIGHT PRODUCTIONS Schaerbeek €121,564 €76,599 33.9% -
SHE CONSULTING Schaerbeek €144,804 €78,373 2.1% -
MDL PHI CONSULTING Woluwe-Saint-Lambert €120,487 €77,461 59.0% -

These companies have the same main activity as InitOne: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €107,000 and €145,000, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 27-12-2019Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200
Establishment unit
2.298.033.8291180 Uccle, since 01-01-2020
Financial year end
31 December
Peppol
Reachable since 13-10-2025
Company details

Annual accounts 2025

€75,066▲ 19.6%
€50,066▲ 24.7%
€65,815▲ 0.1%
€125,415▲ 27.4%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on InitOne

InitOne files the micro format. That format states no turnover. The gross margin rose from €38,449 in 2020 to €75,066 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-06-2026, 32 days before the deadline
€75,066
▲ 19.6%
€64,114
▲ 24.3%
€50,066
▲ 24.7%
€38,507
▲ 37.7%
52.5%
▼ 14.3 percentage points
1.65
▼ 0.21

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €130,000 and €190,000.

Balance sheet

balance sheet total €125,415 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

52.5%

Higher than 43% of 21,208 companies in 2025.

1.65

Higher than 36% of 20,571 companies in 2025.

39.9%

Higher than 78% of 20,746 companies in 2025.

InitOne Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 125,41598,43083,29629,66710,07853,158
21/28 27,30837,77948,3231,9272,7693,315
22/27 27,20337,67448,2181,8222,6643,210
24 27,20337,67448,2181,8222,6643,210
28 105105105105105105
29/58 98,10760,65134,97327,7407,30949,843
40/41 18,88928,25223,49511,51923424,963
40 17,24326,57923,24511,519-24,963
41 1,6471,673250-234-
54/58 66,27229,3418,59216,1717,07524,880
490/1 12,9453,0592,88650--
Balance sheet: equity and liabilities
10/49 125,41598,43083,29629,66710,07853,158
10/15 65,81565,74949,12020,2209,56513,391
10/11 7,0007,0007,0007,0007,0007,000
13 15,0005,0005,000---
133 15,0005,0005,000---
14 43,81553,74937,12013,2202,5656,391
17/49 59,60032,68134,1769,44751339,767
17 --1,731---
170/4 --1,731---
42/48 59,60032,68132,4459,44751339,767
42 01,7319,783---
44 8978756,5171,154513277
440/4 8978756,5171,154513277
45 8,7036,5467,3228,293-9,490
450/3 7,7386,5467,3228,293-9,490
454/9 965-----
47/48 50,00023,5298,823--30,000
Income statement
9900 75,06662,77054,50416,103-2,35338,449
630 10,47110,5444,7081,5361,438286
640/8 4816261,854348--
9901 64,11451,60047,94214,219-3,79138,163
75/76B --1115-
75 --1115-
65/66B 1808642791552722
65 1808642791552722
9903 63,93450,73647,66414,065-3,80338,141
67/77 13,86710,5789,9413,410231,750
9904 50,06640,15837,72310,655-3,82636,391
9905 50,06640,15837,72310,655-3,82636,391
Appropriation of the result
9906 103,81577,27850,94313,2202,56536,391
14P 53,74937,12013,2202,5656,391-
691/2 10,000-5,000---
6921 10,000-5,000---
694/7 50,00023,5298,823--30,000
694 50,000-8,823---
695 -23,529---30,000
Document PDFPDFPDFPDFPDFPDF

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 29-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-06-2026 2026-00213208 PDF
31-12-2024 micro format 02-07-2025 2025-00241816 PDF
31-12-2023 micro format 28-06-2024 2024-00195614 PDF
31-12-2022 micro format 28-07-2023 2023-00283524 PDF
31-12-2021 micro format 28-07-2022 2022-20253036 PDF
31-12-2020 micro format 30-07-2021 2021-44000138 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
74,58562,14452,65015,755-2,35338,449
60,53750,70342,43112,191-2,38836,677
0051,1046948923,601
36,93220,749-7,5799,096-17,805-
38,50727,9702,52818,2936,79610,076
52.5%66.8%59.0%68.2%94.9%25.2%
1.651.861.082.9414.251.25
0.910.500.700.470.052.97
76.1%61.1%76.8%52.7%-40.0%271.8%
39.9%40.8%45.3%35.9%-38.0%68.5%
over 10071.93over 100over 100-87.15-

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
Item20252024202320222021
Tangible fixed assets--€51,104€694€892
Financial fixed assets€0----
€10,471€10,544€4,708€1,536€1,438

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on InitOne

The operating result for 2025 is 24% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total rises from 33.2% to 47.5%. Equity and debt are higher.

Board & ownership

Board

1 director, since incorporation
VAN DEN MEERSSCHAUT,Michaël
Director
since 27-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VAN DEN MEERSSCHAUT,Michaël
Director
Board
Mandates as a list
  • VAN DEN MEERSSCHAUT,Michaël
    • Director, from 27-12-2019 to date

See the board, name and registered office on a given date →

Control

Founder
VAN DEN MEERSSCHAUT,Michaël
This company
InitOne
Equity €65,815
Profit €50,066 in 2025

Capital

Contribution
€7,000
Shares
100
Contribution per share
€70
Equity per share
€658 in 2025
Source
deed of 31-12-2019

Articles of association

deed of 31-12-2019 (in French)
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.
“Majorité simple voix présentes ou représentées”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Président du Tribunal des Entreprises du siège”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 17:00

Shareholders

At incorporation deed of 31-12-2019 ↗

Network & group

No group

InitOne has no parent and no holdings in its annual accounts. VAN DEN MEERSSCHAUT,Michaël is the only director. InitOne shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Highest result from 2020 to 2025 net €50,066 ▲24.7% The operating result of €64,114 and the net result of €50,066 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0740528286
Annual accounts 2024 filed PDFmicro format · 29 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 3 days before the deadline
2022
Back to profit net €10,655 The net result is €10,655, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 3 days before the deadline
2021
Weakest financial year net -€3,826 The net result drops to -€3,826, the lowest from 2020 to 2025. It recovers the following year.
Liquidity more than 11 times current ratio 14.25 The current ratio rises from 1.25 to 14.25. Short-term debt falls from €39,767 to €513.
Annual accounts 2020 filed PDFmicro format · 1 day before the deadline
2020
First establishment Alsembergsesteenweg 959, Uccle
2019
IncorporationFounding capital of €7,000, 100 shares · Founder: VAN DEN MEERSSCHAUT, Michaël (comparant) · Appointment: VAN DEN MEERSSCHAUT, Michaël (director) · published on 31-12-20194 points ▸

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 December 2019, InitOne was incorporated as a private limited company by one natural person, with a starting capital of €7,000.12 VAN DEN MEERSSCHAUT,Michaël has served as director since 2019.3 Total assets went from €53,158 in 2020 to €125,415 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-12-2019
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0740.528.286
VAT number
BE 0740.528.286
Peppol ID
0208:0740528286
Legal form
Private limited company
Status
Active, normal situation
Founded
27-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 17:00
deed of 31-12-2019 (in French)
Peppol
Reachable since 13-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
InitOne in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-12-2019 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 31-12-2019 (in French)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes activités liées à l’informatique,en ce compris la consultance,l’achat et la vente de tout matériel,ainsi que toute activité connexe”
deed of 31-12-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Alsembergsesteenweg 959 registered office 1180 Uccle 01-01-2020 2.298.033.829

Buildings and parcels at the address

Ground area
207 m²
Buildings
85 m²
Volume, LiDAR
1,158 m³
Tallest building
17.0 m
Buildings to scale, each on its own parcel
85 m², 17.0 m 85 m², 17.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21616A0098/00S004207 m² 1 · 85 m² 17.0 m · 5

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