INIZIO
ActiveSummary
INIZIO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €147,753. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency90▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.17 in 2024; short-term debt: 20.5% and cash: 0.9% of total assets), and 34.9% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
65.1%
Return on assets
4.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-11-2025, 67 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
67 d early
2024
112 d early
2023
71 d early
2022
99 d early
2021
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 85 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.2m▲ 7.3%
2024 · €2.0m
Total assets
€3.3m▼ 1.4%
2024 · €3.4m
Net result
€147,753▼ 2.2%
2024 · €151,088
Working capital
-€650,583▼ 46.3%
2024 · -€444,826
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,318-€209,662▲ 168%€199,772▼ 4.7%€229,555▲ 14.9%€216,526▼ 5.7%
Net result€33,272within the sector's middle half-€521,527above the sector's middle half▲ 1,467%€524,416above the sector's middle half▲ 0.6%€151,088within the sector's middle half▼ 71.2%€147,753above the sector's middle half▼ 2.2%
Equity€883,272within the sector's middle half-€1.4mabove the sector's middle half▲ 59.0%€1.9mabove the sector's middle half▲ 37.3%€2.0mabove the sector's middle half▲ 5.2%€2.2mabove the sector's middle half▲ 7.3%
Total assets€3.3mabove the sector's middle half-€3.5mabove the sector's middle half▲ 3.5%€3.5mabove the sector's middle half▲ 0.7%€3.4mabove the sector's middle half▼ 2.5%€3.3mabove the sector's middle half▼ 1.4%
Debt€2.5m-€2.1m▼ 16.4%€1.6m▼ 24.3%€1.4m▼ 12.1%€1.2m▼ 14.3%
Working capital-€414,652below the sector's middle half--€174,002below the sector's middle half▲ 58.0%-€215,340below the sector's middle half▼ 23.8%-€444,826below the sector's middle half▼ 107%-€650,583below the sector's middle half▼ 46.3%
Solvency26.4%within the sector's middle half-40.6%within the sector's middle half▲ 14.2pp55.4%within the sector's middle half▲ 14.8pp59.8%within the sector's middle half▲ 4.4pp65.1%within the sector's middle half▲ 5.3pp
Current ratio0.08below the sector's middle half-0.47below the sector's middle half▲ 0.390.45below the sector's middle half▼ 0.020.17below the sector's middle half▼ 0.290.05below the sector's middle half▼ 0.11
Return on assets (ROA)1.0%within the sector's middle half-15.1%above the sector's middle half▲ 14.1pp15.1%above the sector's middle half=4.4%within the sector's middle half▼ 10.6pp4.4%within the sector's middle half=
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€3.3m ▲ 0.1%
Current assets
€36,385 ▼ 58.9%
Equity and liabilities €3.3m
Equity
€2.2m ▲ 7.3%
Debt
€1.2m ▼ 14.3%
Debt's share of the balance-sheet total falls from 40.2% to 34.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€218,917▼
2024 · €231,372
Cash flow
€150,145▼
2024 · €152,905
Debt to equity
0.54▼
2024 · 0.67
ROE
6.8%▼
2024 · 7.4%
Interest coverage
10.20▲
2024 · 7.86
Debt ≤ 1 year
€686,968▲
2024 · €533,254
Debt > 1 year
€482,523▼
2024 · €831,771
Income taxes
€47,300▼
2024 · €49,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €335 | €501 | €1,068 | €1,817 | €2,391 | ▲ 31.6% |
| Other operating charges640/8 | - | €1,561 | €1,049 | €2,902 | €2,637 | ▼ 9.1% |
| Gross operating margin9900 | €81,390 | €211,723 | €201,889 | €234,273 | €221,554 | ▼ 5.4% |
| Operating profit (loss)9901 | €78,318 | €209,662 | €199,772 | €229,555 | €216,526 | ▼ 5.7% |
| Financial income75/76B | - | €400,050 | €400,000 | €0 | - | - |
| Recurring financial income75 | - | €400,050 | €400,000 | €0 | - | - |
| Financial charges65/66B | - | €43,144 | €33,212 | €29,421 | €21,472 | ▼ 27.0% |
| Recurring financial charges65 | €31,427 | €43,144 | €33,212 | €29,421 | €21,472 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €46,891 | €566,567 | €566,560 | €200,134 | €195,054 | ▼ 2.5% |
| Income taxes67/77 | €13,620 | €45,040 | €42,144 | €49,046 | €47,300 | ▼ 3.6% |
| Profit (loss) for the period9904 | €33,272 | €521,527 | €524,416 | €151,088 | €147,753 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €33,272 | €521,527 | €524,416 | €151,088 | €147,753 | ▼ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.5m | €3.5m | €3.4m | €3.3m | ▼ 1.4% |
| Fixed assets21/28 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | ▲ 0.1% |
| Tangible fixed assets22/27 | €1,167 | €666 | €5,671 | €6,901 | €11,162 | ▲ 61.8% |
| Plant, machinery and equipment23 | - | - | - | €2,340 | €4,865 | ▲ 108% |
| Furniture and vehicles24 | - | €666 | €5,671 | €4,561 | €6,297 | ▲ 38.1% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Current assets29/58 | €38,488 | €156,988 | €176,806 | €88,428 | €36,385 | ▼ 58.9% |
| Amounts receivable within one year40/41 | €18,233 | €118,697 | €140,810 | €51,116 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €118,697 | €140,810 | €51,116 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,032 | €25,688 | €26,936 | €30,975 | €30,690 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | - | €12,603 | €9,060 | €6,336 | €5,695 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.5m | €3.5m | €3.4m | €3.3m | ▼ 1.4% |
| Equity10/15 | €883,272 | €1.4m | €1.9m | €2.0m | €2.2m | ▲ 7.3% |
| Contributions10/11 | - | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Reserves13 | €33,272 | €554,799 | €1.1m | €1.2m | €1.3m | ▲ 12.5% |
| Distributable reserves133 | - | €554,799 | €1.1m | €1.2m | €1.3m | ▲ 12.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €2.5m | €2.1m | €1.6m | €1.4m | €1.2m | ▼ 14.3% |
| Amounts payable after more than one year17 | €2.0m | €1.7m | €1.2m | €831,771 | €482,523 | ▼ 42.0% |
| Financial debts170/4 | - | €1.7m | €1.2m | €831,771 | €482,523 | ▼ 42.0% |
| Amounts payable within one year42/48 | €453,141 | €330,991 | €392,146 | €533,254 | €686,968 | ▲ 28.8% |
| Current portion of amounts payable after more than one year42 | - | €304,374 | €358,831 | €357,161 | €370,205 | ▲ 3.7% |
| Trade debts44 | €6,282 | €3,347 | €1,603 | €5,532 | €2,353 | ▼ 57.5% |
| Suppliers440/4 | - | €3,347 | €1,603 | €5,532 | €2,353 | ▼ 57.5% |
| Taxes, remuneration and social security45 | - | €23,270 | €31,711 | €18,581 | €21,109 | ▲ 13.6% |
| Taxes450/3 | - | €23,270 | €31,711 | €18,581 | €21,109 | ▲ 13.6% |
| Other amounts payable47/48 | - | - | - | €151,980 | €293,302 | ▲ 93.0% |
| Accrued charges and deferred income492/3 | - | €14,039 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,272 | €521,527 | €524,416 | €151,088 | €147,753 | ▼ 2.2% |
| + Depreciation and write-downs630 | €335 | €501 | €1,068 | €1,817 | €2,391 | ▲ 31.6% |
| Operating cash flow (approximation) | €33,607 | €522,028 | €525,484 | €152,905 | €150,145 | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €0 | -€6,072 | -€3,047 | -€6,653 | ▼ 118% |
| Change in cash | - | €24,656 | €1,248 | €4,039 | -€286 | ▼ 107% |
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
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €2mEq €2.0m ▲5.2%
4 profitable years in a row build equity to €2.0m.
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2021net €524,416 ▲0.6%
Net result €524,416, the highest in the series.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €1mEq €1.4m ▲59%
2 profitable years in a row build equity to €1.4m.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated 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, Bornem · 1 establishment unit since 2020
Ground area
361 m²
Building footprint
195 m²
Volume, LiDAR
1,610 m³
Parcel 12015A0527/00B000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Edmond Vleminckxstraat(HIN) 17, 2880 Bornem
since 20202.312.667.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015A0527/00B000 | Flanders | 361 m² | 1 · 195 m² | 11.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
- AG COATINGsubsidiaryEquity €433,552Result €8,344100%
According to the annual accounts to 30-06-2025 of INIZIO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 19,180 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
Founded14-10-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756577828
Also
9925:BE0756577828
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.