ACTIVE

INIT

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Financial year 2025 · closed on 31/12/2025

Net result

45,8 k €

+139.9% YoY

Gross margin

73,3 k €

+91.6% YoY

Equity

125,9 k €

-33.3% YoY

What does INIT do?

INIT is a Private limited company incorporated in 2006. Its main activity is: Computer consultancy activities. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.644.212

Incorporation

16/01/2006

Legal form

Private limited company

Registered office

Witteramsdal 7
1730 Asse · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 62010Computer programming activities 62100Computer programming, consultancy and related activities 70200Management consultancy activities+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	73,3 k €	+91.6%	38,2 k €	-43.4%	67,6 k €	-22.7%	87,5 k €	+47.8%	59,2 k €	+25.7%	47,1 k €	+14.7%	41,1 k €	+4.1%	39,4 k €	+15.7%	34,1 k €	-29.4%	48,3 k €	+51.0%	32 k €	+56.0%	20,5 k €	-56.7%	47,3 k €	-2.1%	48,3 k €	+2.0%	47,4 k €	+22.3%	38,7 k €	-31.2%	56,3 k €	-8.1%	61,3 k €	+12.3%	54,6 k €	-22.3%	70,2 k €
EBITDA	71,6 k €	+96.8%	36,4 k €	-44.9%	66 k €	-23.3%	86 k €	+51.7%	56,7 k €	+27.9%	44,3 k €	+14.7%	38,7 k €	+1.9%	38 k €	+24.5%	30,5 k €	-34.8%	46,8 k €	+59.9%	29,2 k €	+54.0%	19 k €	-58.7%	46 k €	-2.8%	47,3 k €	+4.5%	45,3 k €	+29.3%	35 k €	-36.0%	54,7 k €	-8.9%	60 k €	+12.4%	53,4 k €	-22.5%	68,9 k €
Operating result	67,8 k €	+110%	32,3 k €	-46.9%	60,7 k €	-22.8%	78,7 k €	+58.0%	49,8 k €	+29.5%	38,5 k €	+12.1%	34,3 k €	+2.1%	33,6 k €	+38.7%	24,2 k €	-41.7%	41,6 k €	+851%	4,4 k €	-63.5%	12 k €	-72.1%	42,9 k €	-7.7%	46,5 k €	+6.3%	43,7 k €	+30.7%	33,4 k €	-37.9%	53,9 k €	-10.3%	60 k €	+12.4%	53,4 k €	-10.0%	59,4 k €
Net result	45,8 k €	+140%	19,1 k €	-52.6%	40,3 k €	-28.9%	56,6 k €	+51.4%	37,4 k €	+18.3%	31,6 k €	+16.9%	27 k €	+0.3%	27 k €	+354%	5,9 k €	-80.5%	30,4 k €	+815%	-4,3 k €	-149%	8,7 k €	-72.9%	32 k €	-8.4%	35 k €	+4.6%	33,4 k €	+29.6%	25,8 k €	-30.3%	37 k €	-19.0%	45,7 k €	+32.1%	34,6 k €	-15.7%	41,1 k €
Balance sheet
Equity	125,9 k €	-33.3%	188,8 k €	-0.8%	190,3 k €	+9.0%	174,6 k €	-39.7%	289,6 k €	-10.2%	322,6 k €	+8.6%	297 k €	+8.0%	274,9 k €	+8.7%	253 k €	+2.4%	247 k €	+8.1%	228,6 k €	-1.8%	232,9 k €	+263%	64,2 k €	-70.8%	219,9 k €	+12.8%	195 k €	+13.7%	171,6 k €	+10.1%	155,8 k €	+31.2%	118,7 k €	+43.0%	83 k €	+71.4%	48,5 k €
Total assets	278,3 k €	+3.9%	267,9 k €	-5.2%	282,5 k €	-11.3%	318,3 k €	-8.5%	348 k €	-4.4%	364 k €	+12.2%	324,4 k €	+6.3%	305 k €	+7.0%	285 k €	+1.4%	281,1 k €	+18.0%	238,1 k €	-7.2%	256,7 k €	+1.3%	253,3 k €	+3.1%	245,7 k €	+6.6%	230,5 k €	+12.2%	205,5 k €	+6.1%	193,6 k €	+21.2%	159,8 k €	+19.8%	133,3 k €	+37.5%	97 k €
Cash	170 k €	+8.5%	156,7 k €	-7.6%	169,5 k €	-15.7%	201,1 k €	-8.2%	219 k €	+34.6%	162,7 k €	+14.0%	142,6 k €	+16.7%	122,2 k €	+10.7%	110,5 k €	-0.7%	111,2 k €	+50.2%	74,1 k €	-66.4%	220,2 k €	+207%	71,8 k €	-67.9%	223,8 k €	+7.4%	208,4 k €	+14.9%	181,4 k €	+0.3%	180,9 k €	+25.0%	144,8 k €	+27.0%	114 k €	+70.8%	66,7 k €
Debts	151,3 k €	+95.0%	77,6 k €	-13.6%	89,8 k €	-37.5%	143,7 k €	+146%	58,4 k €	+41.1%	41,4 k €	+51.3%	27,4 k €	-9.0%	30,1 k €	-6.2%	32,1 k €	-5.8%	34 k €	+259%	9,5 k €	-60.1%	23,8 k €	-87.4%	189,1 k €	+634%	25,8 k €	-27.4%	35,5 k €	+4.7%	33,9 k €	-10.2%	37,7 k €	-8.0%	41 k €	-18.4%	50,3 k €	+3.6%	48,5 k €

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 31/12/2025 · 2 active · 2 ended

Active mandates

Koen De Smedt

Director

Active

YODMIN CHAREANPUN

Director

Active

Ended mandates

Koen De Smedt

Manager

Ended

YODMIN CHAREANPUN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/08/2026	29/08/2025	28/08/2024	30/08/2023	29/08/2022	16/08/2021
General meeting	06/04/2026	07/04/2025	06/04/2024	01/04/2023	02/04/2022	03/04/2021
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
Micro model	31/12/2025	06/04/2026	06/08/2026	Dutch	PDF
Micro model	31/12/2024	07/04/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	06/04/2024	28/08/2024	Dutch	PDF
Micro model	31/12/2022	01/04/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	02/04/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	03/04/2021	16/08/2021	Dutch	PDF
Micro model	31/12/2019	06/04/2020	26/08/2020	Dutch	PDF
Micro model	31/12/2018	02/04/2019	18/06/2019	Dutch	PDF
Micro model	31/12/2017	03/04/2018	22/08/2018	Dutch	PDF
Micro model	31/12/2016	03/04/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/04/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	07/04/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/04/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	02/04/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/04/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/04/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	06/04/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/04/2009	14/05/2009	Dutch	PDF
Abridged model	31/12/2007	07/04/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	06/06/2007	Dutch	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 31/12/2025 · 2 active · 2 ended

Active mandates

Koen De Smedt

Director

Active

YODMIN CHAREANPUN

Director

Active

Ended mandates

Koen De Smedt

Manager

Ended

YODMIN CHAREANPUN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/10/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/04/2015
MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Capital / shares20/02/2014
KAPITAAL - AANDELEN
PDF
Other25/01/2006
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 202545,8 k €↑
2024
Annual accounts 202419,1 k €↓
2023
Annual accounts 202340,3 k €↓
2022
Annual accounts 202256,6 k €↑
2021
Annual accounts 202137,4 k €↑
2020
Annual accounts 202031,6 k €↑
2019
Annual accounts 201927 k €↑
2018
Annual accounts 201827 k €↑
2017
Annual accounts 20175,9 k €↓
2016
Annual accounts 201630,4 k €↑
2015
Annual accounts 2015-4,3 k €↓
2014
Annual accounts 20148,7 k €↓
2013
Annual accounts 201332 k €↓
2012
Annual accounts 201235 k €↑
2011
Annual accounts 201133,4 k €↑
2010
Annual accounts 201025,8 k €↓
2009
Annual accounts 200937 k €↓
2008
Annual accounts 200845,7 k €↑
2007
Annual accounts 200734,6 k €↓
2006
Annual accounts 200641,1 k €
16/01/2006
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

INIT

Overview

What does INIT do?

Trend over 20 financial years

Indicative valuation

Board of directors

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