Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 34.7 to 9.8.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
INITIO MANAGEMENT CONSULTING from Schaarbeek, company number BE0838913012, closed financial year 2025 with a result of € 140,933 after tax. For that financial year INITIO MANAGEMENT CONSULTING recorded revenue of € 1.4 million and equity of € 356,991. Compared with financial year 2024, the result moved from € 69,074 to € 140,933. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 356,991
▲ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,933
▲ 104% vs 2024
Profit after tax over the fiscal year.
€ 24,690
▼ 70% 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 € 295,491.
People and assets in 2025
9.8
▼ 8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 992,358
▼ 50% vs 2024
€ 101,300 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 661,980
▲ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 894 days on average.
€ 149,696
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,840,953 | € 4,168,993 | € 2,445,503 | € 1,433,791 | ▼ 41% |
| Profit after taxes | € -22,026 | € 173,734 | € 69,074 | € 140,933 | ▲ 104% |
| Equity | € -26,750 | € 146,984 | € 216,058 | € 356,991 | ▲ 65% |
| Total debts | € 3,845,130 | € 3,384,211 | € 1,174,395 | € 1,847,125 | ▲ 57% |
| Cash | € 136,555 | € 248,460 | € 81,794 | € 24,690 | ▼ 70% |
| Retained profit | € -88,250 | € 85,484 | € 154,558 | € 295,491 | ▲ 91% |
| Balance sheet total | € 3,818,380 | € 3,531,195 | € 1,390,453 | € 2,204,116 | ▲ 59% |
| Employees (FTE) | 39.6 | 34.7 | 17.8 | 9.8 | ▼ 8 |
Key figures of INITIO MANAGEMENT CONSULTING, 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 INITIO MANAGEMENT CONSULTING?
What happened at INITIO MANAGEMENT CONSULTING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric BONNEL stepped down as director. NBB
- Jérôme BOUCHERON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 140,933 (▲ 104% vs 2024). Source: NBB ↗
- KILDA became a director. NBB
- Eric BONNEL became a director. NBB
- Jérôme BOUCHERON became a director. NBB
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,026 loss in 2022 to € 140,933 profit in 2025.
Paid € 363,729 in corporate taxes since 2022.
Best year ever: 2023, with € 173,734 profit.
A new publication or filing at INITIO MANAGEMENT CONSULTING? 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 INITIO MANAGEMENT CONSULTING is KILDA. KILDA is also behind CIRCLE BELGIUM.
Directors
According to the 2025 annual accounts
since 2025
since 2017 · until 2029
since 2017 · until 2029
Establishments
Establishment units
Physical locations of this company
Generaal Wahislaan 17
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
GANDI-AS Domain name registrar - www.gandi.net, FR
Domain
Domain
square-management.com
Registered
2008-11-20
Registrar
Gandi SAS
Expires
2034-11-20
Website info
Features
Security
Details
- Company number
- 0838.913.012
- VAT number
- BE 0838.913.012
- Registered office
- Generaal Wahislaan 17, 1030 Schaarbeek
- Names & denominations
- INITIO MANAGEMENT CONSULTING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2011
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- square-management.com
- Activities · NACE
Vermogensbeheer
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