ACTIVE

INITIAL BELUX

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Financial year 2025 · closed on 31/12/2025
Net result
355,2 k €
+1197.6% YoY
Revenue
3,1 M €
+32.5% YoY
Equity
2,2 M €
+18.8% YoY
Workforce
14,3 ETP
+24.3% YoY

What does INITIAL BELUX do?

INITIAL 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
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue3,1 M €2,3 M €1,4 M €513,8 k €135,3 k €
EBITDA763,5 k €340,7 k €-149,6 k €-738,9 k €-308,7 k €
Operating result310,4 k €40,6 k €-338,3 k €-782,8 k €-316,3 k €
Net result355,2 k €27,4 k €-293,9 k €-786,8 k €-318,2 k €
Balance sheet
Equity2,2 M €1,9 M €1,9 M €2,2 M €443,3 k €
Total assets3 M €2,5 M €2,4 M €2,6 M €655,9 k €
Cash1,2 M €967 k €1,1 M €2 M €523 k €
Debts518,6 k €435,1 k €398,5 k €346 k €198,8 k €
Other
Workforce14,3 ETP11,5 ETP9,0 ETP7,0 ETP3,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Giuseppe Bica

Managing director · since 01 janvier 2025 · until 31 décembre 2030

Active
Fabrice Quinquenel

Director · since 01 avril 2024 · until 03 juin 2030

Active
Alex Boers

Director · since 01 avril 2022 · until 05 juin 2028

Active

Ended mandates

Giuseppe Bica

Director · since 01 avril 2022 · until 05 juin 2028

Ended
Steven Aernoudt

Director · since 01 avril 2022 · until 16 octobre 2023

Ended
Steven Aernoudt

Director · since 01 avril 2022 · until 05 juin 2028

Ended
Alain Denis Jacques Richard Moffroid

Director · since 25 mars 2021 · until 31 mars 2024

Ended
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202225/03/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months10 months
Filing date30/06/202620/06/202526/06/202426/06/202301/07/2022
General meeting29/06/202617/06/202518/06/202423/06/202330/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/06/202630/06/2026DutchPDF
Full model31/12/202417/06/202520/06/2025DutchPDF
Full model31/12/202318/06/202426/06/2024DutchPDF
Full model31/12/202223/06/202326/06/2023DutchPDF
Full model31/12/202130/06/202201/07/2022DutchPDF
Estimate

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.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Giuseppe Bica

Managing director · since 01 janvier 2025 · until 31 décembre 2030

Active
Fabrice Quinquenel

Director · since 01 avril 2024 · until 03 juin 2030

Active
Alex Boers

Director · since 01 avril 2022 · until 05 juin 2028

Active

Ended mandates

Giuseppe Bica

Director · since 01 avril 2022 · until 05 juin 2028

Ended
Steven Aernoudt

Director · since 01 avril 2022 · until 16 octobre 2023

Ended
Steven Aernoudt

Director · since 01 avril 2022 · until 05 juin 2028

Ended
Alain Denis Jacques Richard Moffroid

Director · since 25 mars 2021 · until 31 mars 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025355,2 k €↑
  2. 2024
    Annual accounts 202427,4 k €↑
  3. 2023
    Annual accounts 2023-293,9 k €↑
  4. 2022
    Annual accounts 2022-786,8 k €↓
  5. 2021
    Annual accounts 2021-318,2 k €
  6. 25/03/2021
    IncorporationPublic limited company