What does INITEAM do?

INITEAM is an IT company in Izegem. Private Limited, started on 25 April 1980, 1 establishment.

What is the address of INITEAM?

The registered office of INITEAM is located at Rijksweg 57, 8870 Izegem.

Is INITEAM still active?

Yes. According to the CBE (29 October 2026) INITEAM is active, legal situation “Normale toestand”, started on 25 April 1980.

Is INITEAM registered on Peppol?

Yes, INITEAM is registered on the Peppol network with ID 0208:0420347421.

What is the enterprise number of INITEAM?

The enterprise number of INITEAM is BE0420347421.

When was INITEAM founded?

INITEAM was founded on 25 April 1980.

Who are the directors of INITEAM?

According to the 2025 annual accounts, the directors of INITEAM are: Core One BV.

Is INITEAM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 April 1980; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did INITEAM make in 2025?

INITEAM posted a profit after taxes of € 427,264 in financial year 2025.

What is the revenue of INITEAM?

As a small company, INITEAM is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,178,517.

How much does an employee at INITEAM earn?

The average wage cost per full-time employee at INITEAM was € 77,200 in 2025: staff costs of € 2.4 million for 30.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does INITEAM have?

According to the 2025 annual accounts, INITEAM has 30.6 full-time equivalents (FTE).

INITEAM (Private Limited) - Izegem - BE0420347421

Dossier INITEAM, printed on 29 October 2026 from databakkes.be/en/0420347421/initeam. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

INITEAM from Izegem, company number BE0420347421, closed financial year 2025 with a result of € 427,264 after tax. For that financial year INITEAM recorded a gross margin of € 3.2 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 382,932 to € 427,264. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 13, 2026.

What it is worth Growing

€ 1.6 million

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 427,264

▲ 12% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.5 million

▲ 34% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 341,564 paid out

80 % of the profit went to the shareholders, mostly to CORE ONE (90 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

30.6

▲ 3.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 2.4 million

▲ 21% vs 2024

€ 77,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 233,496

▲ 8% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 134,973

▲ 187% vs 2024

€ 40,369 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 321,635

▲ 39% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 659,196

▲ 30% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,995,988 Gross margin 2022: € 2,995,988 First fiscal year in the series	€ 2,984,119 Gross margin 2023: € 2,984,119 Unchanged (€ 2,995,988) Unfavourable step	€ 2,695,537 Gross margin 2024: € 2,695,537 ▼ 10% vs 2023 (€ 2,984,119) Unfavourable step	€ 3,178,517 Gross margin 2025: € 3,178,517 ▲ 18% vs 2024 (€ 2,695,537) Favourable step	▲ 18%
Profit after taxes	€ 729,568 Profit after taxes 2022: € 729,568 First fiscal year in the series	€ 563,391 Profit after taxes 2023: € 563,391 ▼ 23% vs 2022 (€ 729,568) Unfavourable step	€ 382,932 Profit after taxes 2024: € 382,932 ▼ 32% vs 2023 (€ 563,391) Unfavourable step	€ 427,264 Profit after taxes 2025: € 427,264 ▲ 12% vs 2024 (€ 382,932) Favourable step	▲ 12%
Equity	€ 1,291,293 Equity 2022: € 1,291,293 First fiscal year in the series	€ 1,411,025 Equity 2023: € 1,411,025 ▲ 9% vs 2022 (€ 1,291,293) Favourable step	€ 1,468,612 Equity 2024: € 1,468,612 ▲ 4% vs 2023 (€ 1,411,025) Favourable step	€ 1,554,312 Equity 2025: € 1,554,312 ▲ 6% vs 2024 (€ 1,468,612) Favourable step	▲ 6%
Total debts	€ 1,400,713 Total debts 2022: € 1,400,713 First fiscal year in the series	€ 1,348,892 Total debts 2023: € 1,348,892 ▼ 4% vs 2022 (€ 1,400,713) Favourable step	€ 1,113,660 Total debts 2024: € 1,113,660 ▼ 17% vs 2023 (€ 1,348,892) Favourable step	€ 1,471,958 Total debts 2025: € 1,471,958 ▲ 32% vs 2024 (€ 1,113,660) Unfavourable step	▲ 32%
Cash	€ 1,339,892 Cash 2022: € 1,339,892 First fiscal year in the series	€ 1,332,601 Cash 2023: € 1,332,601 ▼ 1% vs 2022 (€ 1,339,892) Unfavourable step	€ 1,112,448 Cash 2024: € 1,112,448 ▼ 17% vs 2023 (€ 1,332,601) Unfavourable step	€ 1,490,198 Cash 2025: € 1,490,198 ▲ 34% vs 2024 (€ 1,112,448) Favourable step	▲ 34%
Retained profit	€ 1,271,293 Retained profit 2022: € 1,271,293 First fiscal year in the series	€ 1,391,025 Retained profit 2023: € 1,391,025 ▲ 9% vs 2022 (€ 1,271,293) Favourable step	€ 1,448,612 Retained profit 2024: € 1,448,612 ▲ 4% vs 2023 (€ 1,391,025) Favourable step	€ 1,534,312 Retained profit 2025: € 1,534,312 ▲ 6% vs 2024 (€ 1,448,612) Favourable step	▲ 6%
Dividend	€ 1,459,922 Dividend 2022: € 1,459,922 First fiscal year in the series	€ 443,659 Dividend 2023: € 443,659 ▼ 70% vs 2022 (€ 1,459,922) Unchanged	€ 287,199 Dividend 2024: € 287,199 ▼ 35% vs 2023 (€ 443,659) Unchanged	€ 341,564 Dividend 2025: € 341,564 ▲ 19% vs 2024 (€ 287,199) Unchanged	▲ 19%
Bank debt	€ 39,067 Bank debt 2022: € 39,067 First fiscal year in the series	€ 60,802 Bank debt 2023: € 60,802 ▲ 56% vs 2022 (€ 39,067) Unfavourable step	€ 46,972 Bank debt 2024: € 46,972 ▼ 23% vs 2023 (€ 60,802) Favourable step	€ 134,973 Bank debt 2025: € 134,973 ▲ 187% vs 2024 (€ 46,972) Unfavourable step	▲ 187%
Balance sheet total	€ 2,721,061 Balance sheet total 2022: € 2,721,061 First fiscal year in the series	€ 2,779,587 Balance sheet total 2023: € 2,779,587 ▲ 2% vs 2022 (€ 2,721,061) Unchanged	€ 2,592,558 Balance sheet total 2024: € 2,592,558 ▼ 7% vs 2023 (€ 2,779,587) Unchanged	€ 3,027,171 Balance sheet total 2025: € 3,027,171 ▲ 17% vs 2024 (€ 2,592,558) Unchanged	▲ 17%
Employees (FTE)	28.7 Employees (FTE) 2022: 28.7 First fiscal year in the series	28.4 Employees (FTE) 2023: 28.4 ▼ 0.3 vs 2022 (28.7) Unchanged	27.4 Employees (FTE) 2024: 27.4 ▼ 1 vs 2023 (28.4) Unchanged	30.6 Employees (FTE) 2025: 30.6 ▲ 3.2 vs 2024 (27.4) Unchanged	▲ 3.2

Key figures of INITEAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to INITEAM?

What happened at INITEAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Mar 13, 2026 New annual accounts for financial year 2025: profit of € 427,264 (▲ 12% vs 2024). Source: NBB ↗
2022 Core One BV became a director. NBB
May 1, 1980 New establishment in Izegem. KBO
Apr 25, 1980 Start of the company according to the CBE. KBO

In short

From € 729,568 profit in 2022 to € 427,264 profit in 2025.

Paid € 714,956 in corporate taxes since 2022.

Best year ever: 2022, with € 729,568 profit.

On average € 103,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

CORE ONE 90%

CoreTwo 10%

The stake of CORE ONE, CoreTwo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

INITEAM

Behind INITEAM is Core One BV. The shares are held by CORE ONE (90%) and CoreTwo (10%).

Directors

According to the 2025 annual accounts

Core One BV

Director · represented by Patricia Vandelanotte

Also active at: Iniflow

since 2022

Shareholders

CORE ONE

90%

CoreTwo

10%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rijksweg 57

8870 Izegem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

GROEP SOFT-NAERT

CORE ONE same network

€ 80,555 gross margin · 2025

CoreTwo same network

€ 14,085 gross margin · 2025

HUVANA

€ 130,558 gross margin · 2025

Iniflow same network

€ 8,671 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0420.347.421

VAT number

BE 0420.347.421

Registered office

Rijksweg 57, 8870 Izegem

Names & denominations

INITEAM

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 April 1980

Peppol

Active · Active since 13 May 2025

Activities · NACE

Ontwerpen van computerprogramma’s

Overige advisering in verband met programmatuur en levering van programmatuur

Groothandel in overige kantoormachines en kantoorbenodigdheden

Groothandel in informatie- en communicatieapparatuur

Ontwerpen en programmeren van computerprogramma's

Groothandel in andere kantoormachines en kantoorbenodigdheden, met uitzondering van computers en randapparatuur

Overige diensten op het gebied van informatietechnologie en computer

Overige vormen van onderwijs

View on CBE Public ↗ Annual accounts (NBB) ↗

INITEAM

Financials

What happened to INITEAM?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions