INITIO PROJECTS
Board
5 directors, since incorporationM-Projects BV
Director (not named in the articles), permanent representative VANLAER Mattias
current term since 10-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 06-07-2026
Director (not named in the articles), permanent representative SOMERS Danny
current term since 10-12-2024
term without a fixed end
also on the board of 10 other companies
listed in the 2025 annual accounts, filed on 06-07-2026
Director (not named in the articles)
current term since 10-12-2024
term without a fixed end
also on the board of 5 other companies
listed in the 2025 annual accounts, filed on 06-07-2026
1 other company bankrupt- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 14. Bevoegdheden van het bestuursorgaan Interne vertegenwoordigingsbevoegdheid Indien de vennootschap door meer dan één bestuurders…”deed of 22-02-2024
Permanent representatives 2
Mandates through the years
5 names, the dashed line is todayM-Projects
Director (not named in the articles)
Director (not named in the articles)
SOM BEHEERSMAATSCHAPPIJ
Director (not named in the articles)
Director (not named in the articles)
VERCAMMEN IVO
Director (not named in the articles)
Director (not named in the articles)
I&P CONSULTING bv
Director
Director
S.I.M.C. nv
Director
Director
Board
Mandates as a list
- M-Projects
- Director (not named in the articles), appointed by deed of 22-02-2024, still in office
- SOM BEHEERSMAATSCHAPPIJ
- Director (not named in the articles), appointed by deed of 22-02-2024, still in office
- VERCAMMEN IVO
- Director (not named in the articles), appointed by deed of 22-02-2024, still in office
- I&P CONSULTING bv
- Director, from 10-12-2024 to date
- S.I.M.C. nv
- Director, from 10-12-2024 to date
Control
Shareholder
Equity €7.5m
Profit €40,448 in 2025 (loss €1.1m in 2024)
Checked score 91
4 voting rights
40%
This company
INITIO PROJECTS
Equity €6,270
Loss €1,390 in 2025
Capital
- Contribution
- €10,000
- Shares
- 10
- Contribution per share
- €1,000
- Equity per share
- €627 in 2025
- Source
- deed of 22-02-2024
Owners through the years
as the annual accounts name themOwners as a list
- SOM BEHEERSMAATSCHAPPIJ
- VERCAMMEN IVO
- M-Projects
Source: shareholder structure in its own accounts
Articles of association
deed of 22-02-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 3 directors
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 10 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
3 ownersOwners 3
- Equity €7.5m Profit of €40,448 in 2025 (loss of €1.1m in 2024) Checked score 9140%
- Equity €7.3m Profit of €1.8m in 2025 (profit of €109,016 in 2024) Checked score 95Sourceown accounts 202540%
- Equity €234,396 Loss of €17,585 in 2025 (profit of €28,838 in 2024) Checked score 7820%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 22-02-2024 ↗
- SOM BEHEERSMAATSCHAPPIJ (BE 0464.461.338) 4 shares (40%) · €4,000
- VERCAMMEN IVO (BE 0467.012.933) 4 shares (40%) · €4,000
- M-PROJECTS (BE 0820.562.392) 2 shares (20%) · €2,000
Capital over time
- 22-02-2024 Incorporation · €10,000 · 10 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director went bankrupt (2024).
- Royal-Nord bankruptcy on 05-12-2024Official Gazettemandate until 2020
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.