INITIAL BELUX
0765.680.386 · rovalta.com · 09/11/2026
ACTIVE
INITIAL BELUX
Financial year 2025 · Closed on 31/12/2025
Net result355,2 k €+1 197,6 %over 1 year
Revenue3,1 M €+32,5 %over 1 year
Equity2,2 M €+18,8 %over 1 year
Workforce14,3 ETP+24,3 %over 1 year
Overview
Identity
Source · BCE/KBOINITIAL BELUX is a Public limited company incorporated in 2021. Its main activity is: Rental of video tapes and disks. Its registered office is in Schelle. It employs on average 14,3 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0765.680.386
- Incorporation
- 25/03/2021
- Legal form
- Public limited company
- Registered office
- Brandekensweg 2
2627 Schelle · FlandreSee on map - Contributed capital
- 2 943 317,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 14,3 ETP
Activities (NACE)
77223Rental of video tapes and disks· main77293Rental and leasing of other personal and household goods77394Rental and leasing of other machinery, equipment and tangible goods n.e.c.77394Rental and leasing of other machinery, equipment and tangible goods n.e.c.33190Repair of other equipment33190Repair of other equipment
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 5 filingsTrend over 5 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 3,1 M € | +32.5% | 2,3 M € | +66.7% | 1,4 M € | +172% | 513,8 k € | +280% | 135,3 k € |
| EBITDA | 763,5 k € | +124% | 340,7 k € | +328% | -149,6 k € | +79.8% | -738,9 k € | -139% | -308,7 k € |
| Operating result | 310,4 k € | +664% | 40,6 k € | +112% | -338,3 k € | +56.8% | -782,8 k € | -147% | -316,3 k € |
| Net result | 355,2 k € | +1198% | 27,4 k € | +109% | -293,9 k € | +62.6% | -786,8 k € | -147% | -318,2 k € |
| Balance sheet | |||||||||
| Equity | 2,2 M € | +18.8% | 1,9 M € | +1.5% | 1,9 M € | -13.6% | 2,2 M € | +386% | 443,3 k € |
| Total assets | 3 M € | +19.3% | 2,5 M € | +4.7% | 2,4 M € | -7.6% | 2,6 M € | +291% | 655,9 k € |
| Cash | 1,2 M € | +24.9% | 967 k € | -8.2% | 1,1 M € | -47.9% | 2 M € | +287% | 523 k € |
| Debts | 518,6 k € | +19.2% | 435,1 k € | +9.2% | 398,5 k € | +15.2% | 346 k € | +74.0% | 198,8 k € |
| Other | |||||||||
| Workforce | 14,3 ETP | +24.3% | 11,5 ETP | +27.8% | 9,0 ETP | +28.6% | 7,0 ETP | +79.5% | 3,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 4 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Giuseppe Bica | Managing director01/01/2025 → 31/12/2030Director01/04/2022 → 2024 accountsended | ||
Fabrice Quinquenel | Director01/04/2024 → 03/06/2030 | ||
Alex Boers | Director01/04/2022 → 05/06/2028 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Steven Aernoudt | Director01/04/2022 → 2023 accounts | ||
Alain Denis Jacques Richard Moffroid | Director25/03/2021 → 2024 accounts |
Other companies at this address
Brandekensweg 2 2627 Schelle| Company | CBE no. |
|---|---|
AMBIUS● Active | 0416.625.787 |
BUG BUSTERS● Active | 0817.090.485 |
DHL FREIGHT (BELGIUM)● Active | 0401.264.551 |
Intercanis● Active | 0404.091.904 |
RENTOKIL● Active | 0407.176.306 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 25/03/2021 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 10 months |
| Filing date | 30/06/2026 | 20/06/2025 | 26/06/2024 | 26/06/2023 | 01/07/2022 |
| General meeting | 29/06/2026 | 17/06/2025 | 18/06/2024 | 23/06/2023 | 30/06/2022 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 5 filingsValuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20253 active · 4 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Giuseppe Bica | Managing director01/01/2025 → 31/12/2030Director01/04/2022 → 2024 accountsended | ||
Fabrice Quinquenel | Director01/04/2024 → 03/06/2030 | ||
Alex Boers | Director01/04/2022 → 05/06/2028 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Steven Aernoudt | Director01/04/2022 → 2023 accounts | ||
Alain Denis Jacques Richard Moffroid | Director25/03/2021 → 2024 accounts |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates24/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates09/04/2026ONTSLAGEN - BENOEMINGEN
- Mandates09/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates29/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/09/2024ONTSLAGEN - BENOEMINGEN
- Mandates21/05/2024ONTSLAGEN - BENOEMINGEN
- Mandates02/04/2024ONTSLAGEN - BENOEMINGEN
- Mandates13/11/2023ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
Giuseppe Bica
Fabrice Quinquenel
Alex Boers
Steven Aernoudt
Herman Vanheusden
Alain van Lidth de Jeude
Alain Denis Jacques Richard Moffroid
2021202220232024202520262027202820292030
INITIAL BELUX
Brandekensweg 2, 2627 Schelle
Managing directorDirector
Director
Director
Director
Managing director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Brandekensweg 2, 2627 SchelleCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00237990 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| INITIAL BELUXCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00237990 |
Events
- 2025Annual accounts 2025355,2 k €↑
- 2024Annual accounts 202427,4 k €↑
- 2023Annual accounts 2023-293,9 k €↑
- 2022Annual accounts 2022-786,8 k €↓
- 2021Annual accounts 2021-318,2 k €
- 25/03/2021IncorporationPublic limited company