ACTIVE

INITIUM

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Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
-75.2% YoY
Revenue
732,1 k €
-5.3% YoY
Equity
13,9 M €
+13.0% YoY
Workforce
2,8 ETP
+27.3% YoY

What does INITIUM do?

INITIUM is a Private limited company incorporated in 2009. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Hasselt. It employs on average 2,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0817.078.510
Incorporation
14/07/2009
Legal form
Private limited company
Registered office
Berenbroekstraat 49
3500 Hasselt · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
2,8 ETP
Activities (NACE)
46190Agents involved in the sale of a variety of goods· main46190Agents involved in the sale of a variety of goods46643Wholesale of machinery for the textile industry and of sewing and knitting machines46693Wholesale of other machinery and equipment
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowHealthy 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
Revenue732,1 k €773,0 k €––––––––––––114,1 k €141,7 k €
EBITDA-181,7 k €154,9 k €187,5 k €-299,5 k €-65,1 k €147,8 k €120,3 k €43,9 k €83,3 k €113,6 k €76,1 k €57,7 k €51,0 k €48,6 k €38,1 k €31,0 k €
Operating result-406,2 k €-87,1 k €-54,1 k €-499,0 k €-179,8 k €104,5 k €73,7 k €8,0 k €47,8 k €79,4 k €58,9 k €42,2 k €37,0 k €34,0 k €22,9 k €6,6 k €
Net result1,6 M €6,4 M €2,4 M €515,3 k €647,5 k €952,6 k €367,9 k €114,7 k €719,9 k €31,8 k €24,2 k €11,6 k €7,6 k €8,5 k €6,2 k €-3,9 k €
Balance sheet
Equity13,9 M €12,3 M €5,8 M €3,4 M €2,9 M €2,2 M €1,3 M €926,7 k €812,0 k €92,2 k €60,4 k €36,2 k €24,6 k €17,0 k €8,5 k €2,3 k €
Total assets24,7 M €24,2 M €19,7 M €18,0 M €14,5 M €13,8 M €12,1 M €11,8 M €12,1 M €1,4 M €659,1 k €615,6 k €579,5 k €591,6 k €390,9 k €206,9 k €
Cash182,6 k €331,2 k €118,7 k €82,9 k €28,0 k €196,7 k €78,9 k €77,7 k €75,2 k €461,9 €20,0 k €2,6 k €90,1 €2,0 k €2,5 k €6,0 k €
Debts10,8 M €11,9 M €13,9 M €14,6 M €11,6 M €11,5 M €10,8 M €10,8 M €11,3 M €1,3 M €598,7 k €579,4 k €554,9 k €569,8 k €382,4 k €204,5 k €
Other
Workforce2,8 ETP2,2 ETP––––––––0,4 ETP0,2 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Ine Vanbuel

Director · since 01 octobre 2020

Active
Maarten Bynens

Director · since 10 juillet 2009

Active

Ended mandates

Maarten Bynens

Manager · since 10 juillet 2009

Ended
Maarten Bynens

Manager

Ended
At this address

Other companies at this address

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Decolux Invest● Active
1031.226.497
GMF INVEST● Active
0719.901.435
HOLDUX● Active
0884.938.522
Initium Capital● Active
0634.676.245
INITIUM DIGITAL● Active
0719.901.237
RENARDMONT● Active
0719.877.382
TUKI● Active
0648.880.213
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/07/202624/07/202530/08/202425/10/202312/07/202229/07/2021
General meeting30/06/202624/06/202528/06/202421/09/202328/06/202229/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202628/07/2026DutchPDF
Full model31/12/202424/06/202524/07/2025DutchPDF
Abridged model31/12/202328/06/202430/08/2024DutchPDF
Abridged modelCorrection31/12/202221/09/202325/10/2023DutchPDF
Abridged model31/12/202221/09/202328/09/2023DutchPDF
Abridged model31/12/202128/06/202212/07/2022DutchPDF
Abridged model31/12/202029/06/202129/07/2021DutchPDF
Abridged model31/12/201930/06/202010/07/2020DutchPDF
Abridged model31/12/201825/06/201923/07/2019DutchPDF
Abridged model31/12/201726/06/201811/07/2018DutchPDF
Abridged model31/12/201627/06/201730/08/2017DutchPDF
Abridged model31/12/201528/06/201612/08/2016DutchPDF
Abridged model31/12/201430/06/201508/07/2015DutchPDF
Abridged model31/12/201324/06/201414/08/2014DutchPDF
Abridged model31/12/201225/06/201328/08/2013DutchPDF
Abridged model31/12/201126/06/201220/07/2012DutchPDF
Abridged model31/12/201028/06/201126/08/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 2 ended

Active mandates

Ine Vanbuel

Director · since 01 octobre 2020

Active
Maarten Bynens

Director · since 10 juillet 2009

Active

Ended mandates

Maarten Bynens

Manager · since 10 juillet 2009

Ended
Maarten Bynens

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/10/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office09/12/2011
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/07/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 20251,6 M €↓
  2. 2024
    Annual accounts 20246,4 M €↑
  3. 2023
    Annual accounts 20232,4 M €↑
  4. 2022
    Annual accounts 2022515,3 k €↓
  5. 2021
    Annual accounts 2021647,5 k €↓
  6. 2020
    Annual accounts 2020952,6 k €↑
  7. 2019
    Annual accounts 2019367,9 k €↑
  8. 2018
    Annual accounts 2018114,7 k €↓
  9. 2017
    Annual accounts 2017719,9 k €↑
  10. 2016
    Annual accounts 201631,8 k €↑
  11. 2015
    Annual accounts 201524,2 k €↑
  12. 2014
    Annual accounts 201411,6 k €↑
  13. 2013
    Annual accounts 20137,6 k €↓
  14. 2012
    Annual accounts 20128,5 k €↑
  15. 2011
    Annual accounts 20116,2 k €↑
  16. 2010
    Annual accounts 2010-3,9 k €
  17. 14/07/2009
    IncorporationPrivate limited company