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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
INITIO PROJECTS from Hasselt, company number BE1006199212, closed financial year 2025 with a result of € -1,390 after tax. For that financial year INITIO PROJECTS recorded a gross margin of € -135 and equity of € 6,270. Compared with financial year 2024, the result moved from € -2,340 to € -1,390. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 6,270
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,390
▲ 41 % less loss than in 2024
Profit after tax over the fiscal year.
€ 12,490
▲ € 9,730 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3,730.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 43,301
▲ € 39,901 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -1,435 | € -135 | ▲ € 1,300 |
| Profit after taxes | € -2,340 | € -1,390 | ▲ € 950 |
| Equity | € 7,660 | € 6,270 | ▼ 18% |
| Total debts | € 3,400 | € 108,661 | ▲ € 105,261 |
| Cash | € 2,760 | € 12,490 | ▲ € 9,730 |
| Retained profit | € -2,340 | € -3,730 | ▼ € 1,390 |
| Balance sheet total | € 11,060 | € 114,930 | ▲ € 103,870 |
Key figures of INITIO PROJECTS, fiscal years 2024 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 PROJECTS?
What happened at INITIO PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,390. Source: NBB ↗
- M-PROJECTS bv became a director. NBB
- VERCAMMEN IVO bv became a director. NBB
- S.I.M.C. nv became a director. NBB
- SOM BEHEERSMAATSCHAPPIJ bv became a director. NBB
- I&P CONSULTING bv became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,340 loss in 2024 to € 1,390 loss in 2025.
Management
Behind INITIO PROJECTS are M-PROJECTS bv, VERCAMMEN IVO bv, S.I.M.C. nv, SOM BEHEERSMAATSCHAPPIJ bv and I&P CONSULTING bv. The shares are held by VERCAMMEN IVO bv (40%), SOM BEHEERSMAATSCHAPPIJ bv (40%) and M-PROJECTS bv (20%).
Directors
According to the 2025 annual accounts
since 2024
Managing director · represented by Ivo VERCAMMEN
Also active at: HERITAGE, SPECIAL BUILDING PROJECTS, AVONDTROODT, ID Vastgoed, ID Grondmij, THONIS, HABITALE, MONTAGNA +9 more
since 2024
Director · represented by Patrick SYEN
Also active at: WHY NOT, B & S Beheer, SOM BEHEERSMAATSCHAPPIJ, VESPRO GRONDMAATSCHAPPIJ, VESPRO CONSTRUCT, Nieuwbouwwereld, PRO PLAZA INVEST, VASTGOED3 +17 more
since 2024
Managing director · represented by Danny SOMERS
Also active at: WHY NOT, SOMINVEST, B & S Beheer, HERITAGE, BIEN BRUSSEL, IMMO BRUSSEL, VONDERPARK, Nieuwbouwwereld +29 more
since 2024
Director · represented by Patrick KERKHOFS
Also active at: WHY NOT, B & S Beheer, SOM BEHEERSMAATSCHAPPIJ, VESPRO GRONDMAATSCHAPPIJ, VESPRO CONSTRUCT, Nieuwbouwwereld, PRO PLAZA INVEST, VASTGOED3 +18 more
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Het Dorlik 16
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →WHY NOT same network
€ -32,291 gross margin · 2025
SOMINVEST same network
€ 383,351 gross margin · 2025
GEVACO
€ -314 gross margin · 2025
B & S Beheer same network
€ -1,322 gross margin · 2025
SOM FACILITIES
€ -1 million gross margin · 2024
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.199.212
- VAT number
- BE 1006.199.212
- Registered office
- Het Dorlik 16, 3500 Hasselt
- Names & denominations
- INITIO PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2024
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
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