INITIO PROJECTS
Annual accounts 2025
abbreviated format, filed on 06-07-2026, 25 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €114,930 on 31-12-2025in euro
in euro
Position in the sector
5.5%
Higher than 24% of 11,299 companies in 2025.
1.06
Higher than 47% of 10,851 companies in 2025.
-1.2%
Higher than 29% of 11,184 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
114,930 | 11,060 | |
29/58 |
114,930 | 11,060 | |
3 |
85,975 | 7,200 | |
30/36 |
85,975 | 7,200 | |
40/41 |
16,465 | 1,100 | |
41 |
16,465 | 1,100 | |
54/58 |
12,490 | 2,760 | |
| Balance sheet: equity and liabilities | |||
10/49 |
114,930 | 11,060 | |
10/15 |
6,270 | 7,660 | |
10/11 |
10,000 | 10,000 | |
14 |
-3,730 | -2,340 | |
17/49 |
108,661 | 3,400 | |
42/48 |
108,652 | 3,400 | |
44 |
43,301 | 3,400 | |
440/4 |
43,301 | 3,400 | |
47/48 |
65,352 | - | |
492/3 |
8 | - | |
| Income statement | |||
9900 |
-135 | -1,435 | |
640/8 |
549 | 387 | |
9901 |
-684 | -1,823 | |
65/66B |
706 | 517 | |
65 |
706 | 517 | |
9903 |
-1,390 | -2,340 | |
9904 |
-1,390 | -2,340 | |
9905 |
-1,390 | -2,340 | |
| Appropriation of the result | |||
9906 |
-3,730 | -2,340 | |
14P |
-2,340 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 9,730 | - | ||
| 6,278 | 7,660 | ||
| 5.5% | 69.3% | ||
| 1.06 | 3.25 | ||
| 0.27 | 1.14 | ||
| 17.33 | 0.44 | ||
| -22.2% | -30.5% | ||
| -1.2% | -21.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on INITIO PROJECTS
The operating result for 2025 is a loss of €684, smaller than the loss of €1,823 in 2024.
Debt's share of the balance-sheet total rises from 30.7% to 94.5%. Equity is lower and debt is higher.