Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
INITIUM from Hasselt, company number BE0817078510, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year INITIUM recorded revenue of € 732,145 and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 6.4 million to € 1.6 million. The company is profitable. 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 July 28, 2026.
€ 13.9 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 75% vs 2024
Profit after tax over the fiscal year.
€ 182,594
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 13.8 million.
People and assets in 2025
2.8
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 329,068
▲ 191% vs 2024
€ 117,500 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.
€ 53,347
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.6 million
▼ 15% vs 2024
€ 530,986 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 239,879
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 129 days on average.
€ 105,547
▲ 48% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 772,956 | € 732,145 | ▼ 5% |
| Gross margin | € -286,572 | € 204,112 | - | - | |
| Profit after taxes | € 515,252 | € 2,425,377 | € 6,426,874 | € 1,591,475 | ▼ 75% |
| Equity | € 3,410,006 | € 5,835,383 | € 12,262,257 | € 13,853,732 | ▲ 13% |
| Total debts | € 14,568,883 | € 13,904,682 | € 11,909,759 | € 10,815,317 | ▼ 9% |
| Cash | € 82,902 | € 118,686 | € 331,232 | € 182,594 | ▼ 45% |
| Land & buildings | € 5,370,300 | € 5,253,058 | € 5,102,112 | € 4,960,528 | ▼ 3% |
| Retained profit | € 3,403,806 | € 5,829,183 | € 12,256,057 | € 13,847,532 | ▲ 13% |
| Bank debt | € 8,858,125 | € 9,128,968 | € 7,774,679 | € 6,620,563 | ▼ 15% |
| Balance sheet total | € 17,978,889 | € 19,740,064 | € 24,172,016 | € 24,669,049 | ▲ 2% |
| Employees (FTE) | - | - | 2.2 | 2.8 | ▲ 0.6 |
Key figures of INITIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INITIUM?
What happened at INITIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 75% vs 2024). Source: NBB ↗
- Ine Vanbuel became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Hasselt. KBO
- Maarten Bynens became a director. NBB
In short
From € 515,252 profit in 2022 to € 1.6 million profit in 2025.
Paid € 21,493 in corporate taxes since 2022.
Best year ever: 2024, with € 6.4 million profit.
Pays suppliers within 129 days on average.
A new publication or filing at INITIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind INITIUM are Ine Vanbuel and Maarten Bynens. It owns 100% of LVC Solutions, 100% of Initium Holdux International GmbH, 100% of Care for Growth, 100% of Holdux, 50% of BV Invest and 26.7% of Uplastics Invest BV itself.
Directors
According to the 2025 annual accounts
Ine Vanbuel
Director
Also active at: SECULUX, LVC SOLUTIONS, Riho Invest, ADVOCATENKANTOOR INE VANBUEL
since 2020
Maarten Bynens
Director
Also active at: VKW LIMBURG, GENKER MACHINENFABRIEK, Seculux Invest, DECO GROUP, SECULUX, LVC SOLUTIONS, NOWAK, AVISO +11 more
since 2009
Establishments
Establishment units
Physical locations of this company
Berenbroekstraat 49
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →AVISO same network
€ -40,469 gross margin · 2025
Initium Capital same network
€ -14,442 gross margin · 2025
TUKI
BV Invest same network
€ -3,531 gross margin · 2025
RENARDMONT same network
€ -1,685 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Telenet Mail
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0817.078.510
- VAT number
- BE 0817.078.510
- Registered office
- Berenbroekstraat 49, 3500 Hasselt
- Names & denominations
- INITIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2009
- Peppol
- Active · Active since 3 Sept 2025
- Contact
- initium.be
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
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