ACTIVE

INITIAL K

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Financial year 2025 · closed on 31/01/2025
Net result
-1,7 k €
-265.3% YoY
Gross margin
59 k €
+285.3% YoY
Equity
166 k €
-1.0% YoY

What does INITIAL K do?

INITIAL K is a Private limited company incorporated in 2009. Its main activity is: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. Its registered office is in Virton.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0810.570.897
Incorporation
18/03/2009
Legal form
Private limited company
Registered office
Grand-Rue 52 box D
6760 Virton · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/01/2025
Activities (NACE)
46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods· main46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods47716Retail sale of clothing in specialised stores47716Retail sale of clothing in specialised stores
Joint committees (1)
  • 201
Signals
Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin59 k €15,3 k €41,1 k €32,1 k €50,1 k €63,2 k €80 k €61,6 k €108 k €63,4 k €34,8 k €28 k €47,4 k €43,9 k €56,4 k €16,7 k €
EBITDA3,4 k €1,2 k €36,6 k €17,3 k €22,4 k €26,2 k €53,8 k €27,2 k €76,5 k €58,6 k €30,1 k €27,2 k €45,5 k €42,9 k €55,1 k €16,3 k €
Operating result4 k €4,6 k €24,5 k €4,8 k €15,5 k €15,8 k €34,5 k €22,6 k €31,1 k €30,7 k €4,8 k €3,1 k €16,5 k €7,5 k €29,2 k €4,8 k €
Net result-1,7 k €1 k €15,6 k €1,7 k €8,7 k €8,6 k €23,7 k €14,6 k €19,1 k €20,8 k €431,8 €364,7 €10,4 k €4,6 k €24,7 k €4,8 k €
Balance sheet
Equity166 k €167,7 k €166,7 k €151,1 k €149,3 k €140,6 k €133,6 k €111,6 k €99,4 k €82,7 k €61,9 k €61,5 k €61,1 k €50,8 k €46,2 k €23,4 k €
Total assets284,3 k €331,4 k €266,8 k €296,5 k €256,8 k €239 k €217,4 k €220,4 k €244,1 k €256,5 k €249,7 k €232,4 k €234,5 k €257,8 k €235,7 k €203,3 k €
Cash16,1 k €29,9 k €46,8 k €65,1 k €84 k €19,8 k €9,1 k €39 k €33,5 k €25,1 k €43,1 k €16,8 k €14,7 k €35,9 k €22,3 k €23,1 k €
Debts118,3 k €163,3 k €99,1 k €145,4 k €107,4 k €98,4 k €83,7 k €108,8 k €144,7 k €173,8 k €184,1 k €170,9 k €173,3 k €205,6 k €189,5 k €179,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/01/2025 · 1 active · 3 ended

Active mandates

Geneviève Pelsser

Director · since 27 juillet 2009

Active

Ended mandates

GENEVIEVE PELSSER

Manager · since 27 juillet 2009

Ended
JOELLE MORIS

Manager · since 14 mars 2009 · until 30 décembre 2015

Ended
JOELLE MORIS

Manager · since 14 mars 2009

Ended
At this address

Other companies at this address

CompanyCBE no.
C.M.P.G.● Active
0811.330.863
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/02/202401/02/202301/02/202201/02/202101/02/202001/02/2019
Closing of the financial year31/01/202531/01/202431/01/202331/01/202231/01/202131/01/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/09/202530/08/202421/08/202330/08/202230/07/202106/07/2020
General meeting26/09/202528/08/202425/07/202330/07/202230/06/202113/06/2020
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/01/202526/09/202530/09/2025FrenchPDF
Micro model31/01/202428/08/202430/08/2024FrenchPDF
Micro model31/01/202325/07/202321/08/2023FrenchPDF
Micro model31/01/202230/07/202230/08/2022FrenchPDF
Micro model31/01/202130/06/202130/07/2021FrenchPDF
Micro model31/01/202013/06/202006/07/2020FrenchPDF
Micro model31/01/201908/06/201905/07/2019FrenchPDF
Micro model31/01/201830/06/201812/07/2018FrenchPDF
Micro model31/01/201710/06/201718/08/2017FrenchPDF
Abridged model31/01/201611/06/201611/07/2016FrenchPDF
Abridged model31/01/201504/07/201515/07/2015FrenchPDF
Abridged model31/01/201430/06/201430/07/2014FrenchPDF
Abridged model31/01/201326/11/201327/11/2013FrenchPDF
Abridged model31/01/201230/06/201226/09/2012FrenchPDF
Abridged modelCorrection31/01/201110/10/201104/11/2011FrenchPDF
Abridged model31/01/201130/06/201129/07/2011FrenchPDF
Abridged model31/01/201012/06/201007/07/2010FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/01/2025 · 1 active · 3 ended

Active mandates

Geneviève Pelsser

Director · since 27 juillet 2009

Active

Ended mandates

GENEVIEVE PELSSER

Manager · since 27 juillet 2009

Ended
JOELLE MORIS

Manager · since 14 mars 2009 · until 30 décembre 2015

Ended
JOELLE MORIS

Manager · since 14 mars 2009

Ended
Shareholders

Ownership and network

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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 2025-1,7 k €↓
  2. 2024
    Annual accounts 20241 k €↓
  3. 2023
    Annual accounts 202315,6 k €↑
  4. 2022
    Annual accounts 20221,7 k €↓
  5. 2021
    Annual accounts 20218,7 k €↑
  6. 2020
    Annual accounts 20208,6 k €↓
  7. 2019
    Annual accounts 201923,7 k €↑
  8. 2018
    Annual accounts 201814,6 k €↓
  9. 2017
    Annual accounts 201719,1 k €↓
  10. 2016
    Annual accounts 201620,8 k €↑
  11. 2015
    Annual accounts 2015431,8 €↑
  12. 2014
    Annual accounts 2014364,7 €↓
  13. 2013
    Annual accounts 201310,4 k €↑
  14. 2012
    Annual accounts 20124,6 k €↓
  15. 2011
    Annual accounts 201124,7 k €↑
  16. 2010
    Annual accounts 20104,8 k €
  17. 18/03/2009
    IncorporationPrivate limited company