ACTIVE

PROJINIT

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Financial year 2025 · closed on 31/03/2025

Net result

-225,8 k €

-206.4% YoY

Revenue

16,1 M €

-1.1% YoY

Equity

1,0 M €

-18.0% YoY

Workforce

56,8 ETP

+4.2% YoY

What does PROJINIT do?

PROJINIT is a Private company with limited liability incorporated in 2004. Its main activity is: Computer programming activities. Its registered office is in Dendermonde. It employs on average 56,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.657.802

Incorporation

09/04/2004

Legal form

Private company with limited liability

Registered office

Noordlaan (DEN) 21
9200 Dendermonde · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/03/2025

Average workforce

56,8 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 74851Other professional, scientific and technical activities 82100Office administrative and support activities 82190Photocopying, document preparation and other specialised office support activities+3

Joint committees (2)

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	16,1 M €	-1.1%	16,3 M €	-2.6%	16,7 M €	+19.4%	14,0 M €	+6.5%	13,2 M €	+10.7%	11,9 M €	+23.2%	9,6 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-28,2 k €	-105%	551,5 k €	+68.6%	327,1 k €	-41.2%	555,9 k €	-1.4%	563,6 k €	+4.5%	539,5 k €	+34.1%	402,3 k €	+3.2%	390,0 k €	+2.2%	381,6 k €	+4.8%	364,0 k €	+23.4%	294,9 k €	+23.9%	238,1 k €	+56.8%	151,8 k €	-16.6%	182,1 k €	-15.2%	214,6 k €	+168%	80,1 k €	+5.6%	75,8 k €	+132%	32,6 k €	+43.5%	22,7 k €
Operating result	-88,7 k €	-118%	485,0 k €	+80.5%	268,6 k €	-45.9%	496,6 k €	+10.9%	447,7 k €	-8.7%	490,5 k €	+39.3%	352,0 k €	+2.3%	344,0 k €	+3.3%	333,1 k €	+8.6%	306,7 k €	+36.9%	224,0 k €	+29.7%	172,8 k €	+67.5%	103,1 k €	-28.4%	144,1 k €	-22.3%	185,4 k €	+178%	66,8 k €	+13.4%	58,9 k €	+249%	16,9 k €	+327%	4,0 k €
Net result	-225,8 k €	-206%	212,2 k €	+140%	88,3 k €	-80.8%	459,3 k €	+320%	109,4 k €	+13.6%	96,2 k €	+770%	11,1 k €	-88.5%	96,2 k €	-35.4%	148,9 k €	+35.5%	109,9 k €	+100%	54,8 k €	+24.8%	43,9 k €	+1393%	2,9 k €	-89.2%	27,3 k €	+139%	11,4 k €	+283%	3,0 k €	-48.3%	5,8 k €	+418%	1,1 k €	+127%	-4,2 k €
Balance sheet
Equity	1,0 M €	-18.0%	1,3 M €	+20.4%	1,0 M €	-12.4%	1,2 M €	+63.1%	728,0 k €	+17.7%	618,7 k €	+18.4%	522,4 k €	+2.2%	511,3 k €	+23.2%	415,1 k €	+55.9%	266,2 k €	+70.3%	156,3 k €	+54.0%	101,5 k €	+76.4%	57,5 k €	+5.4%	54,6 k €	+99.8%	27,3 k €	+71.9%	15,9 k €	+23.1%	12,9 k €	+80.8%	7,1 k €	+18.5%	6,0 k €
Total assets	4,4 M €	+0.5%	4,4 M €	-20.2%	5,5 M €	+18.3%	4,7 M €	+20.3%	3,9 M €	+20.6%	3,2 M €	+15.4%	2,8 M €	+26.2%	2,2 M €	-0.6%	2,2 M €	+2.0%	2,2 M €	+12.9%	1,9 M €	+14.1%	1,7 M €	+91.1%	884,8 k €	-0.7%	890,9 k €	-9.0%	979,4 k €	+31.4%	745,6 k €	+23.1%	605,6 k €	+152%	240,4 k €	+8.3%	221,9 k €
Cash	296,8 k €	+138%	124,6 k €	+38.4%	90,1 k €	-76.3%	380,1 k €	+130%	165,5 k €	+165%	62,4 k €	-55.5%	140,2 k €	+33913%	412,2 €	+28.5%	320,7 €	-99.8%	136,8 k €	+806%	15,1 k €	-63.6%	41,5 k €	+121%	18,8 k €	+42.4%	13,2 k €	-64.1%	36,7 k €	-32.7%	54,5 k €	+47293%	115,0 €	-93.4%	1,7 k €	-66.9%	5,3 k €
Debts	3,4 M €	+7.9%	3,2 M €	-29.6%	4,5 M €	+28.7%	3,5 M €	+10.5%	3,2 M €	+21.3%	2,6 M €	+16.1%	2,2 M €	+31.7%	1,7 M €	-6.0%	1,8 M €	-5.5%	1,9 M €	+7.8%	1,8 M €	+11.6%	1,6 M €	+92.1%	827,3 k €	-1.1%	836,3 k €	-12.2%	952,1 k €	+30.5%	729,7 k €	+51.3%	482,4 k €	+110%	229,5 k €	+8.1%	212,2 k €
Other
Workforce	56,8 ETP	+4.2%	54,5 ETP	+5.0%	51,9 ETP	+23.0%	42,2 ETP	-22.1%	54,2 ETP	+4.6%	51,8 ETP	+39.6%	37,1 ETP	-8.2%	40,4 ETP	-1.9%	41,2 ETP	+2.7%	40,1 ETP	-1.7%	40,8 ETP	-4.4%	42,7 ETP	+3.1%	41,4 ETP	-3.9%	43,1 ETP	+9.7%	39,3 ETP	+17.7%	33,4 ETP	-2.6%	34,3 ETP	+243%	10,0 ETP	+178%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 5 ended

Active mandates

KPMG Réviseurs d'Entreprises

Commissaris · since 24 septembre 2024 · until 28 septembre 2027 · 0419.122.548

Represented by Joachim Hoebeeck

Active

Ilyesse Maouan

Director

Active

IMSI Consulting

Director · 0847.707.843

Represented by Youssef Ben Seddik

Active

Samuel Caulier

Managing director

Active

Ended mandates

KPMG Réviseurs d'Entreprises

Commissaris · since 10 novembre 2021 · until 24 septembre 2024 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

KPMG Réviseurs d'Entreprises

Mandate · since 31 mars 2019 · until 10 novembre 2021 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

KPMG Réviseurs d'Entreprises

Mandate · since 31 mars 2019 · until 28 septembre 2021 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

Samuel Caulier

Director

Ended

At this address

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TRY DENDERMONDE● Active	0438.558.081

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	22/10/2024	23/11/2023	15/12/2022	18/11/2021	22/10/2020
General meeting	23/09/2025	24/09/2024	26/09/2023	10/11/2022	10/11/2021	22/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	23/09/2025	27/10/2025	Dutch	PDF
Full model	31/03/2024	24/09/2024	22/10/2024	Dutch	PDF
Full model	31/03/2023	26/09/2023	23/11/2023	Dutch	PDF
Full model	31/03/2022	10/11/2022	15/12/2022	Dutch	PDF
Full model	31/03/2021	10/11/2021	18/11/2021	Dutch	PDF
Full model	31/03/2020	22/09/2020	22/10/2020	Dutch	PDF
Full modelCorrection	31/03/2019	11/10/2019	17/09/2020	Dutch	PDF
Full model	31/03/2019	11/10/2019	30/10/2019	Dutch	PDF
Abridged model	31/03/2018	25/09/2018	12/11/2018	Dutch	PDF
Abridged model	31/03/2017	26/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	20/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	22/09/2015	13/11/2015	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	01/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	06/11/2013	Dutch	PDF
Abridged model	31/03/2012	25/09/2012	04/10/2012	Dutch	PDF
Abridged model	31/03/2011	27/09/2011	29/09/2011	Dutch	PDF
Abridged model	31/03/2010	28/09/2010	07/10/2010	Dutch	PDF
Abridged model	31/03/2009	29/09/2009	27/10/2009	Dutch	PDF
Abridged model	31/03/2008	30/09/2008	30/10/2008	Dutch	PDF
Abridged model	31/03/2007	30/09/2007	26/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/03/2025 · 4 active · 5 ended

Active mandates

KPMG Réviseurs d'Entreprises

Commissaris · since 24 septembre 2024 · until 28 septembre 2027 · 0419.122.548

Represented by Joachim Hoebeeck

Active

Ilyesse Maouan

Director

Active

IMSI Consulting

Director · 0847.707.843

Represented by Youssef Ben Seddik

Active

Samuel Caulier

Managing director

Active

Ended mandates

KPMG Réviseurs d'Entreprises

Commissaris · since 10 novembre 2021 · until 24 septembre 2024 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

KPMG Réviseurs d'Entreprises

Mandate · since 31 mars 2019 · until 10 novembre 2021 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

KPMG Réviseurs d'Entreprises

Mandate · since 31 mars 2019 · until 28 septembre 2021 · 0419.122.548

Represented by Joachim Hoebeeck

Ended

Samuel Caulier

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Other01/02/2011
DOEL
PDF
Other22/04/2004
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

2025
Annual accounts 2025-225,8 k €↓
2024
Annual accounts 2024212,2 k €↑
2023
Annual accounts 202388,3 k €↓
2022
Annual accounts 2022459,3 k €↑
2021
Annual accounts 2021109,4 k €↑
2020
Annual accounts 202096,2 k €↑
2019
Annual accounts 201911,1 k €↓
2018
Annual accounts 201896,2 k €↓
2017
Annual accounts 2017148,9 k €↑
2016
Annual accounts 2016109,9 k €↑
2015
Annual accounts 201554,8 k €↑
2014
Annual accounts 201443,9 k €↑
2013
Annual accounts 20132,9 k €↓
2012
Annual accounts 201227,3 k €↑
2011
Annual accounts 201111,4 k €↑
2010
Annual accounts 20103,0 k €↓
2009
Annual accounts 20095,8 k €↑
2008
Annual accounts 20081,1 k €↑
2007
Annual accounts 2007-4,2 k €
09/04/2004
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PROJINIT

Overview

What does PROJINIT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline