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V-INITIATIVE

Active
Private limited companyfounded 20233 yrs activePierre Coxstraat 38, 3511 Hasselt, BelgiumKBO/BCE: BE 0805.800.477
Summary

V-INITIATIVE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,819 and a net result of €49,572. Equity is growing by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 4.67 against 3.66 in 2024; short-term debt: 15.9% and cash: 42.9% of total assets), and 15.9% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.1%
Return on assets
21.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
28 d late
2024
77 d early
2023
6 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 August (3 of the last 3 filed years within 84 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

V-INITIATIVE was incorporated on 13 September 2023 as a Private limited company.1 Total assets rose from EUR 139,651 in 2023 to EUR 228,217 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€191,819▲ 34.8%
2024 · €142,247
Total assets
€228,217▲ 37.7%
2024 · €165,731
Net result
€49,572▼ 33.4%
2024 · €74,386
Working capital
€133,434▲ 114%
2024 · €62,457
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€78,844-€94,335▲ 19.6%€63,450▼ 32.7%
Net result€62,861above the sector's middle half-€74,386above the sector's middle half▲ 18.3%€49,572within the sector's middle half▼ 33.4%
Equity€67,861within the sector's middle half-€142,247within the sector's middle half▲ 110%€191,819within the sector's middle half▲ 34.8%
Total assets€139,651within the sector's middle half-€165,731within the sector's middle half▲ 18.7%€228,217within the sector's middle half▲ 37.7%
Debt€71,790-€23,484▼ 67.3%€36,398▲ 55.0%
Working capital€15,778within the sector's middle half-€62,457within the sector's middle half▲ 296%€133,434within the sector's middle half▲ 114%
Solvency48.6%within the sector's middle half-85.8%above the sector's middle half▲ 37.2pp84.1%above the sector's middle half▼ 1.8pp
Current ratio1.22within the sector's middle half-3.66within the sector's middle half▲ 2.444.67above the sector's middle half▲ 1.01
Return on assets (ROA)45.0%above the sector's middle half-44.9%above the sector's middle half▼ 0.1pp21.7%within the sector's middle half▼ 23.2pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2023: €78,844€78,844Net result 2023: €62,861€62,861Operating result 2024: €94,335€94,335Net result 2024: €74,386€74,386Operating result 2025: €63,450€63,450Net result 2025: €49,572€49,572202320242025€0€25,000€50,000€75,000€100,000Operating result 2023: €78,844€78,800Net result 2023: €62,861€62,900Operating result 2024: €94,335€94,300Net result 2024: €74,386€74,400Operating result 2025: €63,450€63,500Net result 2025: €49,572€49,600202320242025
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,217
Fixed assets €58,385 ▼ 26.8%
Current assets €169,832 ▲ 97.6%
Equity and liabilities €228,217
Equity €191,819 ▲ 34.8%
Debt €36,398 ▲ 55.0%
Debt's share of the balance-sheet total rises from 14.2% to 15.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84,855▼
2024 · €111,767
Cash flow
€70,977▼
2024 · €91,818
Debt to equity
0.19▲
2024 · 0.17
ROE
25.8%▼
2024 · 52.3%
Interest coverage
1205.33▼
2024 · 1781.15
Debt ≤ 1 year
€36,398▲
2024 · €23,484
Income taxes
€13,808▼
2024 · €19,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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% 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 39,278 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€165,731€228,217▲
Fixed assets21/28€79,790€58,385▼
Intangible fixed assets21€33,000€24,000▼
Tangible fixed assets22/27€46,290€33,885▼
Furniture and vehicles24€45,126€32,982▼
Other tangible fixed assets26€1,164€903▼
Financial fixed assets28€500€500=
Current assets29/58€85,941€169,832▲
Amounts receivable within one year40/41€17,919€69,858▲
Trade receivables40€15,370€17,067▲
Other amounts receivable41€2,548€52,791▲
Cash at bank and in hand54/58€66,870€97,892▲
Deferred charges and accrued income490/1€1,152€2,082▲
Equity and liabilities
Total equity and liabilities10/49€165,731€228,217▲
Equity10/15€142,247€191,819▲
Contributions10/11€5,000€5,000=
Reserves13€137,247€186,819▲
Distributable reserves133€137,247€186,819▲
Amounts payable17/49€23,484€36,398▲
Amounts payable within one year42/48€23,484€36,398▲
Trade debts44€3,598€1,051▼
Suppliers440/4€3,598€1,051▼
Taxes, remuneration and social security45€19,886€35,347▲
Taxes450/3€19,886€35,347▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,432€21,405▲
Other operating charges640/8€575€595▲
Gross operating margin9900€112,342€85,451▼
Operating profit (loss)9901€94,335€63,450▼
Financial charges65/66B€63€70▲
Recurring financial charges65€63€70▲
Profit (loss) for the period before taxes9903€94,272€63,380▼
Income taxes67/77€19,886€13,808▼
Profit (loss) for the period9904€74,386€49,572▼
Profit (loss) for the period to be appropriated9905€74,386€49,572▼
Appropriation of the result
Profit (loss) to be appropriated9906€74,386€49,572▼
Transfer to equity691/2€74,386€49,572▼
To other reserves6921€74,386€49,572▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,251€17,432€21,405▲ 22.8%
Other operating charges640/8€581€575€595▲ 3.5%
Gross operating margin9900€82,676€112,342€85,451▼ 23.9%
Operating profit (loss)9901€78,844€94,335€63,450▼ 32.7%
Financial charges65/66B€7€63€70▲ 12.2%
Recurring financial charges65€7€63€70▲ 12.2%
Profit (loss) for the period before taxes9903€78,837€94,272€63,380▼ 32.8%
Income taxes67/77€15,976€19,886€13,808▼ 30.6%
Profit (loss) for the period9904€62,861€74,386€49,572▼ 33.4%
Profit (loss) for the period to be appropriated9905€62,861€74,386€49,572▼ 33.4%
Line202320242025Change
Assets
Total assets20/58€139,651€165,731€228,217▲ 37.7%
Fixed assets21/28€52,083€79,790€58,385▼ 26.8%
Intangible fixed assets21€42,000€33,000€24,000▼ 27.3%
Tangible fixed assets22/27€9,583€46,290€33,885▼ 26.8%
Furniture and vehicles24€9,583€45,126€32,982▼ 26.9%
Other tangible fixed assets26-€1,164€903▼ 22.4%
Financial fixed assets28€500€500€500=
Current assets29/58€87,568€85,941€169,832▲ 97.6%
Amounts receivable within one year40/41€72,142€17,919€69,858▲ 290%
Trade receivables40€72,141€15,370€17,067▲ 11.0%
Other amounts receivable41€1€2,548€52,791▲ 1,972%
Cash at bank and in hand54/58€14,770€66,870€97,892▲ 46.4%
Deferred charges and accrued income490/1€656€1,152€2,082▲ 80.7%
Equity and liabilities
Total equity and liabilities10/49€139,651€165,731€228,217▲ 37.7%
Equity10/15€67,861€142,247€191,819▲ 34.8%
Contributions10/11€5,000€5,000€5,000=
Reserves13€62,861€137,247€186,819▲ 36.1%
Distributable reserves133€62,861€137,247€186,819▲ 36.1%
Amounts payable17/49€71,790€23,484€36,398▲ 55.0%
Amounts payable within one year42/48€71,790€23,484€36,398▲ 55.0%
Trade debts44€45,918€3,598€1,051▼ 70.8%
Suppliers440/4€45,918€3,598€1,051▼ 70.8%
Taxes, remuneration and social security45€23,200€19,886€35,347▲ 77.7%
Taxes450/3€23,200€19,886€35,347▲ 77.7%
Other amounts payable47/48€2,673---
Line202320242025Change
Profit (loss) for the period9904€62,861€74,386€49,572▼ 33.4%
+ Depreciation and write-downs630€3,251€17,432€21,405▲ 22.8%
Operating cash flow (approximation)€66,112€91,818€70,977▼ 22.7%
Investment in fixed assets (approximation)--€45,139€0▲ 100%
Change in cash-€52,100€31,022▼ 40.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial Weakest financial yearnet €49,572 ▼33.4%
Net result drops to €49,572, the lowest in the series.
31-12
Financial Equity above €150,000Eq €191,819 ▲34.8%
3 profitable years in a row build equity to €191,819.
15-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2023net €74,386 ▲18.3%
Operating result €94,335, net result €74,386, both a record.
31-12
Financial Liquidity triplescurrent ratio 3.66
Current ratio from 1.22 to 3.66; short-term debt falls from €71,790 to €23,484.
31-12
Financial Equity above €100,000Eq €142,247 ▲110%
2 profitable years in a row build equity to €142,247.
06-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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 2023
seat establishment The establishment unit on the map
Ground area
380 m²
Building footprint
83 m²
Parcel 71032B0301/00A002, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
V-Initiative BV
Pierre Coxstraat 38, 3511 HasseltBusiness consulting
since 20232.349.382.065
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71032B0301/00A002 Flanders 380 m² 1 · 83 m² 0.2 m
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.

Similar companies · same sector, comparable size

Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 40,217 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
Founded13-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85599Other education
Contact
E-mail patricksturing1@yahoo.comHasselt
Phone +32494105304Hasselt
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805800477
Also 9925:BE0805800477
Registered 12-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.