ACTIVE

Initial P

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Financial year 2024 · closed on 31/12/2024

Net result

5,2 k €

-79.1% YoY

Gross margin

919,2 k €

+32.8% YoY

Equity

164,4 k €

+3.3% YoY

Workforce

17,0 ETP

+75.3% YoY

What does Initial P do?

Initial P is a Private limited company incorporated in 2004. Its registered office is in Forest. It employs on average 17,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.746.135

Incorporation

22/12/2004

Legal form

Private limited company

Registered office

Chaussée de Ruisbroek 81
1190 Forest · BruxellesSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2024

Average workforce

17,0 ETP

Joint committees (3)

Contacts

5 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	919,2 k €	+32.8%	692,3 k €	+54.3%	448,5 k €	+17.1%	383,2 k €	-1.9%	390,4 k €	-18.7%	480,3 k €	+10.3%	435,5 k €	+2.7%	424,1 k €	+15.9%	365,8 k €	+33.4%	274,1 k €	-21.7%	350,1 k €	+13.4%	308,6 k €	-10.6%	345,3 k €	+78.4%	193,6 k €	-30.3%	277,8 k €	+19.2%	233,1 k €	+8.5%	214,9 k €	+43.8%	149,4 k €	+21.8%	122,7 k €
EBITDA	127,3 k €	+58.2%	80,5 k €	+68.0%	47,9 k €	-41.8%	82,4 k €	-45.4%	151 k €	+107%	72,9 k €	+76.0%	41,4 k €	-36.0%	64,7 k €	-32.3%	95,5 k €	+278%	25,3 k €	-73.6%	95,8 k €	+3.3%	92,8 k €	+15.1%	80,6 k €	+210%	-73,1 k €	-196%	76,4 k €	-1.1%	77,2 k €	+17.0%	66 k €	+580%	-13,8 k €	-148%	28,4 k €
Operating result	41,2 k €	-23.3%	53,7 k €	+93.1%	27,8 k €	-75.1%	111,7 k €	+238%	33,1 k €	+2.3%	32,3 k €	+454%	5,8 k €	-88.8%	52,1 k €	-4.4%	54,5 k €	-28.9%	76,6 k €	-12.3%	87,4 k €	+2.7%	85,1 k €	+15.1%	74 k €	+190%	-82,2 k €	-218%	69,8 k €	+43.5%	48,7 k €	+6.1%	45,8 k €	+570%	-9,8 k €	-144%	21,9 k €
Net result	5,2 k €	-79.1%	24,9 k €	+179%	8,9 k €	-87.8%	72,9 k €	+356%	16 k €	+61.6%	9,9 k €	+218%	-8,3 k €	-137%	22,5 k €	-17.6%	27,3 k €	+145%	11,1 k €	-78.1%	51 k €	+59.4%	32 k €	+55.9%	20,5 k €	+118%	-116,5 k €	-424%	35,9 k €	+16.5%	30,8 k €	+25.6%	24,5 k €	+557%	-5,4 k €	-128%	18,9 k €
Balance sheet
Equity	164,4 k €	+3.3%	159,2 k €	+18.5%	134,4 k €	-21.2%	170,5 k €	+23.9%	137,6 k €	+13.1%	121,6 k €	+8.8%	111,7 k €	-7.0%	120,1 k €	+1.2%	118,6 k €	-2.3%	121,3 k €	+10.1%	110,2 k €	+86.1%	59,2 k €	+117%	27,2 k €	+305%	6,7 k €	-94.5%	123,2 k €	+41.1%	87,3 k €	+26.5%	69 k €	+55.2%	44,5 k €	-10.8%	49,8 k €
Total assets	2 M €	+49.6%	1,4 M €	+32.5%	1 M €	-7.0%	1,1 M €	-8.8%	1,2 M €	+6.7%	1,1 M €	+11.5%	1 M €	-3.2%	1,1 M €	-12.5%	1,2 M €	+50.1%	804,4 k €	-2.4%	824,3 k €	-17.9%	1 M €	+28.6%	780,8 k €	-10.8%	875,4 k €	+11.5%	785,2 k €	+25.8%	624,1 k €	-9.5%	689,7 k €	+3.9%	663,9 k €	+24.5%	533,3 k €
Cash	533,9 k €	+32.8%	401,9 k €	+199%	134,4 k €	-62.0%	353,5 k €	+2.2%	345,9 k €	+108%	166,2 k €	+5.7%	157,2 k €	+431%	29,6 k €	-67.5%	91,1 k €	-48.2%	175,9 k €	+55.6%	113 k €	-16.8%	135,9 k €	+322%	32,2 k €	-71.9%	114,5 k €	-11.7%	129,6 k €	+513%	21,2 k €	-83.8%	130,3 k €	+50.5%	86,6 k €	+653%	11,5 k €
Debts	1,8 M €	+57.2%	1,2 M €	+39.5%	839,9 k €	-8.6%	919,2 k €	-9.4%	1 M €	+4.3%	973,4 k €	+7.5%	905,7 k €	+1.7%	890,7 k €	-15.7%	1,1 M €	+55.5%	679,3 k €	+6.0%	640,9 k €	-27.9%	888,8 k €	+18.5%	750 k €	-8.2%	817,2 k €	+23.5%	661,9 k €	+23.3%	536,7 k €	-13.5%	620,6 k €	+0.2%	619,4 k €	+28.1%	483,4 k €
Other
Workforce	17,0 ETP	+75.3%	9,7 ETP	+14.1%	8,5 ETP	-2.3%	8,7 ETP	-3.3%	9,0 ETP	-4.3%	9,4 ETP	+9.3%	8,6 ETP	+11.7%	7,7 ETP	+16.7%	6,6 ETP	-4.3%	6,9 ETP	-5.5%	7,3 ETP	+265%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

Thierry Marion

Director

Active

Ended mandates

Thierry MARION

Manager · since 01 octobre 2013

Ended

Arnould MEPLON

Manager · since 23 novembre 2004 · until 21 décembre 2016

Ended

ARNOULD MEPLON

Manager

Ended

Thierry Marion

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BIORGANIC EVENTS● Active	0768.253.262
D.P. INVESTMENT● Active	0480.073.982

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2025	29/07/2024	27/07/2023	28/07/2022	27/07/2021	31/07/2020
General meeting	06/06/2025	07/06/2024	05/06/2023	03/06/2022	04/06/2021	05/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	06/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	29/07/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	25/06/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	04/07/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	22/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 1 active · 5 ended

Active mandates

Thierry Marion

Director

Active

Ended mandates

Thierry MARION

Manager · since 01 octobre 2013

Ended

Arnould MEPLON

Manager · since 23 novembre 2004 · until 21 décembre 2016

Ended

ARNOULD MEPLON

Manager

Ended

Thierry Marion

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/11/2024
SIEGE SOCIAL
PDF
Restructuring12/08/2024
OBJET - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/05/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates26/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office19/05/2016
SIEGE SOCIAL
PDF
Mandates18/08/2014
DENOMINATION
PDF
Mandates29/10/2013
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 20245,2 k €↓
2024
Name changeInitial P
2023
Annual accounts 202324,9 k €↑
2022
Annual accounts 20228,9 k €↓
2021
Annual accounts 202172,9 k €↑
2020
Annual accounts 202016 k €↑
2019
Annual accounts 20199,9 k €↑
2018
Annual accounts 2018-8,3 k €↓
2017
Annual accounts 201722,5 k €↓
2016
Annual accounts 201627,3 k €↑
2015
Annual accounts 201511,1 k €↓
2014
Annual accounts 201451 k €↑
2014
Name changeDB GROUP.BE SRL
2013
Annual accounts 201332 k €↑
2012
Annual accounts 201220,5 k €↑
2011
Annual accounts 2011-116,5 k €↓
2010
Annual accounts 201035,9 k €↑
2009
Annual accounts 200930,8 k €↑
2008
Annual accounts 200824,5 k €↑
2007
Annual accounts 2007-5,4 k €↓
2006
Annual accounts 200618,9 k €
2006
Name changedb print belgium
22/12/2004
IncorporationPrivate limited company

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

Initial P

Overview

What does Initial P 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