Inizio
ActiveSummary
The computed 12-month bankruptcy probability of Inizio is 2.2% (moderate). The 2024 annual accounts show equity of €41k and a net result of €21k. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 727 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▼-1
Solvency72▼-28
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 5.72 in 2023; short-term debt: 19.3% and cash: 40.1% of total assets), but 53.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.9%
Return on assets
24.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
44 d early
2022
35 d early
2021
30 d late
2020
11 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€41k▼ 5.5%
2023 · €44k
2018: €-32k
2019: €-13k
2020: €4k
2021: €12k
2022: €26k
2023: €44k
2018 → 2024
Total assets
€88k▲ 67.9%
2023 · €52k
2018: €5k
2019: €26k
2020: €22k
2021: €30k
2022: €37k
2023: €52k
2018 → 2024
Net result
€21k▲ 21.6%
2023 · €18k
2018: €-8k
2019: €19k
2020: €17k
2021: €8k
2022: €14k
2023: €18k
2018 → 2024
Working capital
€25k▼ 39.5%
2023 · €41k
2018: €-16k
2019: €-13k
2020: €3k
2021: €11k
2022: €21k
2023: €41k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€12k▲ 196%€26k▲ 113%€44k▲ 67.9%€41k▼ 5.5%
Operating result€18k-€11k▼ 36.6%€19k▲ 65.0%€24k▲ 24.3%€29k▲ 22.4%
Net result€17k-€8k▼ 51.9%€14k▲ 70.4%€18k▲ 28.1%€21k▲ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88k
Fixed assets
€46k ▲ 1,822%
Current assets
€42k ▼ 16.2%
Equity and liabilities €88k
Equity
€41k ▼ 5.5%
Debt
€47k ▲ 435%
Debt's share of the balance-sheet total rises from 16.7% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €29k
Cash flow
€30k▲
2023 · €23k
Current ratio
2.47▼
2023 · 5.72
Debt to equity
1.13▲
2023 · 0.20
ROE
52.1%▲
2023 · 40.5%
ROA
24.4%▼
2023 · 33.7%
Interest coverage
22.71▼
2023 · 65.53
Debt ≤ 1 year
€17k▲
2023 · €9k
Debt > 1 year
€30k
Income taxes
€6k▲
2023 · €6k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€88k▲
Fixed assets21/28€2k€46k▲
Tangible fixed assets22/27€2k€46k▲
Furniture and vehicles24€2k€46k▲
Current assets29/58€50k€42k▼
Amounts receivable within one year40/41€13k€6k▼
Trade receivables40€5k€6k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€36k€35k▼
Deferred charges and accrued income490/1€456€456=
Equity and liabilities
Total equity and liabilities10/49€52k€88k▲
Equity10/15€44k€41k▼
Contributions10/11€12k€19k▲
Reserves13€31k€23k▼
Distributable reserves133€31k€23k▼
Amounts payable17/49€9k€47k▲
Amounts payable after more than one year17-€30k
Financial debts170/4-€30k
Amounts payable within one year42/48€9k€17k▲
Current portion of amounts payable after more than one year42€5k€10k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48-€697
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€362€460▲
Gross operating margin9900€30k€38k▲
Operating profit (loss)9901€24k€29k▲
Financial income75/76B€216€59▼
Recurring financial income75€216€59▼
Financial charges65/66B€448€2k▲
Recurring financial charges65€448€2k▲
Profit (loss) for the period before taxes9903€23k€27k▲
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€18k€21k▲
Profit (loss) for the period to be appropriated9905€18k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€21k▲
Transfer from equity791/2-€30k
Transfer to equity691/2€18k€21k▲
To other reserves6921€18k€21k▲
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €21k ▲21.6%
Operating result €29k, net result €21k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.54
Current ratio from 0.42 to 1.54; short-term debt falls from €23k to €6k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Geel · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Olenseweg 1892440 GeelGround area
815 m²
Building footprint
121 m²
Volume, LiDAR
524 m³
Parcel 13374D0399/00R000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Olenseweg 189, 2440 Geel
since 20142.235.073.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374D0399/00R000 | Flanders | 815 m² | 1 · 121 m² | 8.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
J.V.H. TRANSPORT
BE 0468.689.845
Brussel · Eq €41,096
NYN TRANS
BE 0748.667.576
Genk · Eq €41,277
SLM GROEP
BE 1016.999.369
Elsene · Eq €41,351
EFSANE TRANS
BE 0646.705.334
Liège · Eq €40,956
A2H LOGISTIQUE
BE 0745.731.149
Elsene · Eq €41,379
Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 1,110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95315Tyre services
95316Washing and cleaning of motor vehicles
47820Retail sale of motor vehicle parts and accessories
46349Wholesale of beverages, general range
52210Service activities incidental to land transportation
56111Full-service restaurants
77229Renting and leasing of other personal and household goods
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.