What does INITIAL K do?

INITIAL K is a clothing shop in Virton. Private Limited, started on 18 March 2009, 2 establishments.

What is the address of INITIAL K?

The registered office of INITIAL K is located at Grand-Rue 52 box D, 6760 Virton.

Is INITIAL K still active?

Yes. According to the CBE (30 October 2026) INITIAL K is active, legal situation “Normale toestand”, started on 18 March 2009.

Is INITIAL K registered on Peppol?

Yes, INITIAL K is registered on the Peppol network with ID 0208:0810570897.

What is the enterprise number of INITIAL K?

The enterprise number of INITIAL K is BE0810570897.

When was INITIAL K founded?

INITIAL K was founded on 18 March 2009.

Who are the directors of INITIAL K?

According to the 2026 annual accounts, the directors of INITIAL K are: Geneviève Pelsser.

Is INITIAL K a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 March 2009; 5 annual accounts filed, latest fiscal year 2026; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did INITIAL K make in 2026?

INITIAL K posted a profit after taxes of € 244 in financial year 2026.

What is the revenue of INITIAL K?

As a small company, INITIAL K is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 58,798.

INITIAL K (Private Limited) - Virton - BE0810570897

Dossier INITIAL K, printed on 30 October 2026 from databakkes.be/en/0810570897/initial-k. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 32 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

INITIAL K from Virton, company number BE0810570897, closed financial year 2026 with a result of € 244 after tax. For that financial year INITIAL K recorded a gross margin of € 58,798 and equity of € 166,286. Compared with financial year 2025, the result moved from € -1,685 to € 244. 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 September 29, 2026.

What it is worth Growing

€ 166,286

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

Profit Growing

€ 244

▲ still € 1,685 loss in 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 20,663

▲ 28% vs 2025

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

Where the profit goes Growing

Stays in the company

No dividend for 2026. Retained profit grew to € 147,686.

People and assets in 2026

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 36,154

▲ 34% vs 2025

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

€ 1,051

▼ 50% vs 2025

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt

€ 2,573

▼ 47% vs 2025

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 65,098

▼ 14% vs 2025

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

Taxes and wages

€ 30,411

▲ 32% vs 2025

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Gross margin	€ 41,076 Gross margin 2023: € 41,076 First fiscal year in the series	€ 15,320 Gross margin 2024: € 15,320 ▼ 63% vs 2023 (€ 41,076) Unfavourable step	€ 59,033 Gross margin 2025: € 59,033 ▲ 285% vs 2024 (€ 15,320) Favourable step	€ 58,798 Gross margin 2026: € 58,798 Unchanged (€ 59,033) Unfavourable step
Profit after taxes	€ 15,627 Profit after taxes 2023: € 15,627 First fiscal year in the series	€ 1,020 Profit after taxes 2024: € 1,020 ▼ 93% vs 2023 (€ 15,627) Unfavourable step	€ -1,685 Profit after taxes 2025: € -1,685 ▼ € 2,705 vs 2024 (€ 1,020) Unfavourable step	€ 244 Profit after taxes 2026: € 244 ▲ € 1,930 vs 2025 (€ -1,685) Favourable step	▲ € 1,930
Equity	€ 166,708 Equity 2023: € 166,708 First fiscal year in the series	€ 167,727 Equity 2024: € 167,727 ▲ 1% vs 2023 (€ 166,708) Favourable step	€ 166,042 Equity 2025: € 166,042 ▼ 1% vs 2024 (€ 167,727) Unfavourable step	€ 166,286 Equity 2026: € 166,286 Unchanged (€ 166,042) Favourable step
Total debts	€ 100,053 Total debts 2023: € 100,053 First fiscal year in the series	€ 163,662 Total debts 2024: € 163,662 ▲ 64% vs 2023 (€ 100,053) Unfavourable step	€ 118,297 Total debts 2025: € 118,297 ▼ 28% vs 2024 (€ 163,662) Favourable step	€ 100,348 Total debts 2026: € 100,348 ▼ 15% vs 2025 (€ 118,297) Favourable step	▼ 15%
Cash	€ 46,805 Cash 2023: € 46,805 First fiscal year in the series	€ 29,917 Cash 2024: € 29,917 ▼ 36% vs 2023 (€ 46,805) Unfavourable step	€ 16,136 Cash 2025: € 16,136 ▼ 46% vs 2024 (€ 29,917) Unfavourable step	€ 20,663 Cash 2026: € 20,663 ▲ 28% vs 2025 (€ 16,136) Favourable step	▲ 28%
Retained profit	€ 148,108 Retained profit 2023: € 148,108 First fiscal year in the series	€ 149,127 Retained profit 2024: € 149,127 ▲ 1% vs 2023 (€ 148,108) Favourable step	€ 147,442 Retained profit 2025: € 147,442 ▼ 1% vs 2024 (€ 149,127) Unfavourable step	€ 147,686 Retained profit 2026: € 147,686 Unchanged (€ 147,442) Favourable step
Bank debt	€ 1,364 Bank debt 2023: € 1,364 First fiscal year in the series	€ 1,750 Bank debt 2024: € 1,750 ▲ 28% vs 2023 (€ 1,364) Unfavourable step	€ 4,835 Bank debt 2025: € 4,835 ▲ 176% vs 2024 (€ 1,750) Unfavourable step	€ 2,573 Bank debt 2026: € 2,573 ▼ 47% vs 2025 (€ 4,835) Favourable step	▼ 47%
Balance sheet total	€ 266,760 Balance sheet total 2023: € 266,760 First fiscal year in the series	€ 331,389 Balance sheet total 2024: € 331,389 ▲ 24% vs 2023 (€ 266,760) Unchanged	€ 284,339 Balance sheet total 2025: € 284,339 ▼ 14% vs 2024 (€ 331,389) Unchanged	€ 266,634 Balance sheet total 2026: € 266,634 ▼ 6% vs 2025 (€ 284,339) Unchanged	▼ 6%

Key figures of INITIAL K, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.

What happened to INITIAL K?

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

Sep 29, 2026 New annual accounts for financial year 2026: profit of € 244. filed late Source: NBB ↗
Aug 1, 2017 New establishment in Virton. KBO
Aug 1, 2009 New establishment in Virton. KBO
2009 Geneviève Pelsser became a director. NBB
Mar 18, 2009 Start of the company according to the CBE. KBO

In short

From € 15,627 profit in 2023 to € 244 profit in 2026.

Paid € 13,387 in corporate taxes since 2023.

Best year ever: 2023, with € 15,627 profit.

Original PDFs at the National Bank ↗

Management

Geneviève Pelsser

INITIAL K

Behind INITIAL K is Geneviève Pelsser.

Directors

According to the 2026 annual accounts

Geneviève Pelsser

Director

since 2009

Establishments

Establishment units

Physical locations of this company

Registered office

Grand-Rue 52 box D

6760 Virton

2.266.316.710

Grand-Rue 43

6760 Virton

Active since 1 August 2017

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

C.M.P.G.

€ 40,349 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

0810.570.897

VAT number

BE 0810.570.897

Registered office

Grand-Rue 52 bus D, 6760 Virton

Names & denominations

INITIAL K

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

18 March 2009

Peppol

Active · Active since 18 Sept 2025

Activities · NACE

Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)

Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren

View on CBE Public ↗ Annual accounts (NBB) ↗

INITIAL K

Warning lights

Financials

What happened to INITIAL K?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions