ACTIVE

INITEAM

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Financial year 2025 · closed on 30/09/2025
Net result
427,3 k €
+11.6% YoY
Gross margin
3,2 M €
+17.9% YoY
Equity
1,6 M €
+5.8% YoY
Workforce
30,6 ETP
+11.7% YoY

What does INITEAM do?

INITEAM is a Private limited company incorporated in 1980. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Izegem. It employs on average 30,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0420.347.421
Incorporation
25/04/1980
Legal form
Private limited company
Registered office
Rijksweg 57
8870 Izegem · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Average workforce
30,6 ETP
Activities (NACE)
46500Wholesale of information and communication equipment· main46660Wholesale of other office machinery and equipment51850Air transport62010Computer programming activities62100Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities+6
Joint committees (4)
  • 100
  • 200
  • 2000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022200820072006
Income statement
Gross margin3,2 M €2,7 M €3 M €3 M €1,2 M €887,7 k €935,5 k €
EBITDA809,2 k €733,7 k €945 k €1,1 M €643,8 k €384,5 k €512,9 k €
Operating result585,6 k €529,6 k €763,9 k €951,7 k €596,3 k €329,9 k €455,9 k €
Net result427,3 k €382,9 k €563,4 k €729,6 k €392 k €315,5 k €451,5 k €
Balance sheet
Equity1,6 M €1,5 M €1,4 M €1,3 M €317,1 k €305,1 k €285,7 k €
Total assets3 M €2,6 M €2,8 M €2,7 M €995,1 k €1 M €1,1 M €
Cash1,5 M €1,1 M €1,3 M €1,3 M €272,4 k €277,2 k €407,8 k €
Debts1,5 M €1,1 M €1,3 M €1,4 M €678 k €711,3 k €776,4 k €
Other
Workforce30,6 ETP27,4 ETP28,4 ETP28,7 ETP11,3 ETP10,7 ETP9,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 12 ended

Active mandates

CORE ONE

Director · since 08 mars 2022 · 0775.540.338

Represented by Vandelanotte PATRICIA

Active

Ended mandates

CORE ONE

Director · since 08 mars 2022 · 0775.540.338

Represented by Patricia VANDELANOTTE

Ended
IGEMPA

Director · since 01 octobre 2018 · 0806.641.508

Represented by Vandelanotte Patricia

Ended
IGEMPA

Manager · since 01 octobre 2018 · 0806.641.508

Represented by Patricia Vandelanotte

Ended
HUVANA

Director · since 03 octobre 2008 · until 01 octobre 2018 · 0806.785.820

Represented by Filip Naert

Ended
At this address

Other companies at this address

CompanyCBE no.
CORE ONE● Active
0775.540.338
CoreTwo● Active
0795.299.436
GROEP SOFT-NAERT● Active
0672.825.553
HUVANA● Active
0806.785.820
Iniflow● Active
1017.954.127
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/03/202603/02/202514/03/202401/03/202315/03/202231/03/2021
General meeting11/03/202607/01/202504/03/202413/02/202307/03/202201/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202511/03/202613/03/2026DutchPDF
Abridged model30/09/202407/01/202503/02/2025DutchPDF
Abridged model30/09/202304/03/202414/03/2024DutchPDF
Abridged model30/09/202213/02/202301/03/2023DutchPDF
Abridged model30/09/202107/03/202215/03/2022DutchPDF
Abridged model30/09/202001/03/202131/03/2021DutchPDF
Abridged model30/09/201908/04/202022/04/2020DutchPDF
Abridged model30/09/201815/04/201924/04/2019DutchPDF
Abridged model30/09/201726/03/201811/04/2018DutchPDF
Abridged model30/09/201606/03/201709/03/2017DutchPDF
Abridged model30/09/201520/01/201628/01/2016DutchPDF
Abridged model30/09/201405/01/201527/01/2015DutchPDF
Abridged model30/09/201316/12/201323/01/2014DutchPDF
Abridged model30/09/201206/12/201208/03/2013DutchPDF
Abridged model30/09/201123/01/201223/03/2012DutchPDF
Abridged model30/09/201006/01/201111/03/2011DutchPDF
Abridged model30/09/200927/01/201019/03/2010DutchPDF
Abridged model30/09/200802/03/200926/03/2009DutchPDF
Abridged model30/09/200703/03/200809/04/2008DutchPDF
Abridged model30/09/200605/03/200727/04/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 1 active · 12 ended

Active mandates

CORE ONE

Director · since 08 mars 2022 · 0775.540.338

Represented by Vandelanotte PATRICIA

Active

Ended mandates

CORE ONE

Director · since 08 mars 2022 · 0775.540.338

Represented by Patricia VANDELANOTTE

Ended
IGEMPA

Director · since 01 octobre 2018 · 0806.641.508

Represented by Vandelanotte Patricia

Ended
IGEMPA

Manager · since 01 octobre 2018 · 0806.641.508

Represented by Patricia Vandelanotte

Ended
HUVANA

Director · since 03 octobre 2008 · until 01 octobre 2018 · 0806.785.820

Represented by Filip Naert

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/08/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/10/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/10/2008
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates16/10/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2008
    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 2025427,3 k €↑
  2. 2024
    Annual accounts 2024382,9 k €↓
  3. 2023
    Annual accounts 2023563,4 k €↓
  4. 2022
    Annual accounts 2022729,6 k €↑
  5. 2008
    Annual accounts 2008392 k €↑
  6. 2007
    Annual accounts 2007315,5 k €↓
  7. 2006
    Annual accounts 2006451,5 k €
  8. 25/04/1980
    IncorporationPrivate limited company