What does Initial P do?

Initial P is a plastics manufacturer in Vorst. Private Limited, started on 22 December 2004, 1 establishment.

What is the address of Initial P?

The registered office of Initial P is located at Ruisbroekse Steenweg 81, 1190 Vorst.

Is Initial P still active?

Yes. According to the CBE (3 November 2026) Initial P is active, legal situation “Normale toestand”, started on 22 December 2004.

Is Initial P registered on Peppol?

Yes, Initial P is registered on the Peppol network with ID 0208:0870746135.

What is the enterprise number of Initial P?

The enterprise number of Initial P is BE0870746135.

When was Initial P founded?

Initial P was founded on 22 December 2004.

Who are the directors of Initial P?

According to the 2025 annual accounts, the directors of Initial P are: Thierry Marion.

Is Initial P a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 December 2004; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did Initial P make in 2025?

Initial P recorded a loss after taxes of € 83,834 in financial year 2025.

What is the revenue of Initial P?

As a small company, Initial P is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 994,131.

How much does an employee at Initial P earn?

The average wage cost per full-time employee at Initial P was € 70,000 in 2025: staff costs of € 980,413 for 14 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Initial P have?

According to the 2025 annual accounts, Initial P has 14 full-time equivalents (FTE).

Does Initial P have a website?

Yes, Initial P has a website at initialprint.be.

Initial P (Private Limited) - Vorst - BE0870746135

Dossier Initial P, printed on 3 November 2026 from databakkes.be/en/0870746135/initial-p. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Initial P from Vorst, company number BE0870746135, closed financial year 2025 with a result of € -83,834 after tax. For that financial year Initial P recorded a gross margin of € 994,131 and equity of € 80,599. Compared with financial year 2024, the result moved from € 5,192 to € -83,834. The company made a loss. The buffer shrank hard: equity is 51 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.

What it is worth Shrank hard

€ 80,599

▼ 51% vs 2024

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

Loss Caution

€ -83,834

▼ still € 5,192 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 528,954

▼ 1% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 50,599.

People and assets in 2025

Full-time equivalents

▼ 3 vs 2024

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

Wage cost

€ 980,413

▲ 28% vs 2024

€ 70,000 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

€ 23,440

▼ 50% vs 2024

Of which on lease € 11,283.

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.

€ 341,418

▲ € 304,697 vs 2024

€ 99,474 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.2 million

▼ 9% vs 2024

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

Taxes and wages

€ 197,248

▼ 4% 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	€ 448,517 Gross margin 2022: € 448,517 First fiscal year in the series	€ 692,259 Gross margin 2023: € 692,259 ▲ 54% vs 2022 (€ 448,517) Favourable step	€ 919,213 Gross margin 2024: € 919,213 ▲ 33% vs 2023 (€ 692,259) Favourable step	€ 994,131 Gross margin 2025: € 994,131 ▲ 8% vs 2024 (€ 919,213) Favourable step	▲ 8%
Profit after taxes	€ 8,913 Profit after taxes 2022: € 8,913 First fiscal year in the series	€ 24,874 Profit after taxes 2023: € 24,874 ▲ 179% vs 2022 (€ 8,913) Favourable step	€ 5,192 Profit after taxes 2024: € 5,192 ▼ 79% vs 2023 (€ 24,874) Unfavourable step	€ -83,834 Profit after taxes 2025: € -83,834 ▼ € 89,026 vs 2024 (€ 5,192) Unfavourable step	▼ € 89,026
Equity	€ 134,367 Equity 2022: € 134,367 First fiscal year in the series	€ 159,240 Equity 2023: € 159,240 ▲ 19% vs 2022 (€ 134,367) Favourable step	€ 164,433 Equity 2024: € 164,433 ▲ 3% vs 2023 (€ 159,240) Favourable step	€ 80,599 Equity 2025: € 80,599 ▼ 51% vs 2024 (€ 164,433) Unfavourable step	▼ 51%
Total debts	€ 897,987 Total debts 2022: € 897,987 First fiscal year in the series	€ 1,208,881 Total debts 2023: € 1,208,881 ▲ 35% vs 2022 (€ 897,987) Unfavourable step	€ 1,881,989 Total debts 2024: € 1,881,989 ▲ 56% vs 2023 (€ 1,208,881) Unfavourable step	€ 1,761,264 Total debts 2025: € 1,761,264 ▼ 6% vs 2024 (€ 1,881,989) Favourable step	▼ 6%
Cash	€ 134,430 Cash 2022: € 134,430 First fiscal year in the series	€ 401,906 Cash 2023: € 401,906 ▲ 199% vs 2022 (€ 134,430) Favourable step	€ 533,872 Cash 2024: € 533,872 ▲ 33% vs 2023 (€ 401,906) Favourable step	€ 528,954 Cash 2025: € 528,954 ▼ 1% vs 2024 (€ 533,872) Unfavourable step	▼ 1%
Retained profit	€ 104,367 Retained profit 2022: € 104,367 First fiscal year in the series	€ 129,240 Retained profit 2023: € 129,240 ▲ 24% vs 2022 (€ 104,367) Favourable step	€ 134,433 Retained profit 2024: € 134,433 ▲ 4% vs 2023 (€ 129,240) Favourable step	€ 50,599 Retained profit 2025: € 50,599 ▼ 62% vs 2024 (€ 134,433) Unfavourable step	▼ 62%
Dividend	€ 45,000 Dividend 2022: € 45,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 45,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 35,462 Bank debt 2022: € 35,462 First fiscal year in the series	€ 27,744 Bank debt 2023: € 27,744 ▼ 22% vs 2022 (€ 35,462) Favourable step	€ 36,721 Bank debt 2024: € 36,721 ▲ 32% vs 2023 (€ 27,744) Unfavourable step	€ 341,418 Bank debt 2025: € 341,418 ▲ € 304,697 vs 2024 (€ 36,721) Unfavourable step	▲ € 304,697
Balance sheet total	€ 1,032,354 Balance sheet total 2022: € 1,032,354 First fiscal year in the series	€ 1,368,121 Balance sheet total 2023: € 1,368,121 ▲ 33% vs 2022 (€ 1,032,354) Unchanged	€ 2,046,422 Balance sheet total 2024: € 2,046,422 ▲ 50% vs 2023 (€ 1,368,121) Unchanged	€ 1,841,863 Balance sheet total 2025: € 1,841,863 ▼ 10% vs 2024 (€ 2,046,422) Unchanged	▼ 10%
Employees (FTE)	8.5 Employees (FTE) 2022: 8.5 First fiscal year in the series	9.7 Employees (FTE) 2023: 9.7 ▲ 1.2 vs 2022 (8.5) Unchanged	17 Employees (FTE) 2024: 17 ▲ 7.3 vs 2023 (9.7) Unchanged	14 Employees (FTE) 2025: 14 ▼ 3 vs 2024 (17) Unchanged	▼ 3

Key figures of Initial P, 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 Initial P?

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

Sep 28, 2026 New annual accounts for financial year 2025: loss of € 83,834 (▼ € 89,026 vs 2024). filed late Source: NBB ↗
Jan 25, 2005 New establishment in Vorst. KBO
Dec 31, 2004 Incorporation, published in the Gazette. Source: Staatsblad ↗

In short

From € 8,913 profit in 2022 to € 83,834 loss in 2025.

Paid € 59,298 in corporate taxes since 2022.

Best year ever: 2023, with € 24,874 profit.

On average € 71,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Thierry Marion

Initial P

Behind Initial P is Thierry Marion.

Directors

According to the 2025 annual accounts

Thierry Marion

Director

Establishments

Establishment units

Physical locations of this company

Registered office

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 →

D.P. INVESTMENT

€ 28,270 gross margin · 2025

BIORGANIC EVENTS

€ 826,564 gross margin · 2025

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

Website

HTTPS initialprint.be

Technologies

AutoptimizeElementorFont AwesomeGoogle FontsGoogle Tag ManagerPHPWordPressYoast SEOjQueryjQuery UIlazysizes

Certifications & Partners

FSCPEFC

Hosting & Email

Email provider

Microsoft 365

Hosting

OVH, FR

DNS

OVH DNS

Website info

HTTPS Ja

Languages FR

Features

Blog Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

31 December 2004 Source: Deed ↗

MEPLON Arnould, Jules, René(oprichter) 100%

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

Contact

db-group.be [email protected] +32 2 526 84 40

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

View on CBE Public ↗ Annual accounts (NBB) ↗

Initial P

Financials

What happened to Initial P?

Management

Directors

Establishments

Establishment units

Who else lives here?

Website

Technologies

Certifications & Partners

Hosting & Email

Website info

Features

Security

Network

Shareholders according to the Official Gazette deeds

Details

Frequently asked questions