Financials
Financial year 2024
Initial P from Vorst, company number BE0870746135, closed financial year 2024 with a result of € 5,192 after tax. For that financial year Initial P recorded a gross margin of € 919,213 and equity of € 164,433. Compared with financial year 2023, the result moved from € 24,874 to € 5,192. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2025.
€ 164,433
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,192
▼ 79% vs 2023
Profit after tax over the fiscal year.
€ 533,872
▲ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 134,433.
People and assets in 2024
17
▲ 7.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 768,097
▲ 28% vs 2023
€ 45,200 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.
€ 46,776
▼ 11% vs 2023
Of which on lease € 19,261.
Debts at end 2024
€ 36,721
▲ 32% vs 2023
€ 8,072 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.3 million
▲ 31% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 204,871
▲ 36% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 383,151 | € 448,517 | € 692,259 | € 919,213 | ▲ 33% |
| Profit after taxes | € 72,878 | € 8,913 | € 24,874 | € 5,192 | ▼ 79% |
| Equity | € 170,454 | € 134,367 | € 159,240 | € 164,433 | ▲ 3% |
| Total debts | € 939,097 | € 897,987 | € 1,208,881 | € 1,881,989 | ▲ 56% |
| Cash | € 353,531 | € 134,430 | € 401,906 | € 533,872 | ▲ 33% |
| Retained profit | € 140,454 | € 104,367 | € 129,240 | € 134,433 | ▲ 4% |
| Dividend | € 40,000 | € 45,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 35,462 | € 27,744 | € 36,721 | ▲ 32% |
| Balance sheet total | € 1,109,550 | € 1,032,354 | € 1,368,121 | € 2,046,422 | ▲ 50% |
| Employees (FTE) | 8.7 | 8.5 | 9.7 | 17 | ▲ 7.3 |
Key figures of Initial P, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Initial P?
What happened at Initial P in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,192 (▼ 79% vs 2023). Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,878 profit in 2021 to € 5,192 profit in 2024.
Paid € 90,638 in corporate taxes since 2021.
Best year ever: 2021, with € 72,878 profit.
On average € 54,100 of value added per employee in 2024.
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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
Directors
According to the 2024 annual accounts
Thierry Marion
Director
Establishments
Establishment units
Physical locations of this company
Ruisbroekse Steenweg 81
1190 Vorst
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
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0870.746.135
- VAT number
- BE 0870.746.135
- Registered office
- Ruisbroekse Steenweg 81, 1190 Vorst
- Names & denominations
- Initial P
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2004
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
Overige drukkerijen
Overige activiteiten op het gebied van drukwerk
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren
Vervaardiging van kantoorbenodigdheden van papier
Prepress- en premediadiensten
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften
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