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PROJINIT

Active Private limited company (pre-2019)founded 2004active for 22 yearsNoordlaan 21, 9200 DendermondeKBO/BCE: BE 0864.657.802 subsidiary of BMC Tech Tribe#6 company by total assets in Dendermonde, Administrative and support services sector
PROJINIT
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Overview

Lifetime

19 annual accounts with figures on one time axis, 21 filings since 2005
peak €2.2m (2018)
-not published
lowest -€225,786 (2025)
-€225,786▼ €437,971
peak €1.3m (2024)
€1.0m▼ 18.0%
€3.4m▲ 7.9%
peak 56.8 FTE (2025)
56.8 FTE▲ 4.2%
Board4 names since 2022
2 directorsIlyesse Maouan and 1 other
Owners2 names in the annual accounts
100%BMC Tech Tribe
Documentsfilings and deeds
27-10-20254 days before the deadline
2025financial year
Loss of €225,786Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) 26-06Equity from €1.3m to €1.0mCash from €124,647 to €296,820

Key points

from the 2025 annual accounts

Result

-€225,786 -€225,786
€212,0002024-€226,0002025

From profit to loss in 2025, after a profit of €212,184 in 2024.

Debts

€3.4m 77% of the balance sheet
Financial debts 0%Suppliers 77%Taxes and wages 18%Other 5%

Position in the sector

-€225,786

Lower net result than 91% of companies in office administrative support. Sector median €49,110 · 1,169 companies.

2026 accounts not filed, 8 days past the deadline

Checked score

65
Healthy
Financially stronger than 19% of medium-sized companies in office administrative support (NACE 82)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 221 companies (NACE 82, medium-sized).

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.3%▼ -0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025lowest value 07-2025: 0.3%● unchanged vs 06-2025lowest value 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.8%▲ +0.3 percentage points vs 09-2026 11-2026: 0.9%▲ +0.1 percentage points vs 10-2026highest value

Financial strength
Weak

48-5equity 23.2% of total assets
17+2short-term debt 76.8% · cash 6.7%
15-32return on assets -5.1%

Score breakdown

raises risk
Figures for financial year 2025 (filed on 27-10-2025)
Liquidity: current ratio 1.27, cash €296,820
Loss of €225,786 (financial year 2025)
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, medium-sized). It does better than 31% of them on solvency, 9% on liquidity, 9% on profitability and 25% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-03-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 371 companies had the same profile as PROJINIT has now. Each dot is one company, two years later.

97.3%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss

The bankruptcy probability of PROJINIT itself is higher: 0.9% within 12 months. It rests on far more data about PROJINIT than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 371 companies, not a prediction for PROJINIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.27 (1.35 in 2024), below the usual 1.5. Short-term debt is 76.8% and cash 6.7% of total assets. 76.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2025 (filed on 27-10-2025)
NBB · annual accounts
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
raises risk · Liquidity: current ratio 1.27, cash €296,820
NBB · annual accounts
raises risk · Loss of €225,786 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
4 days early
2024
9 days early
2023
23 days late
2022
45 days late
2021
18 days late
2020
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 11 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SC
SAMUEL CAULIER
Managing director
IM
Ilyesse Maouan
Director
IC
IMSI Consulting
Director, Youssef Ben Seddik
KB
KPMG Bedrijfsrevisoren
Auditor, Hoebeeck Joachim

Shares in 1 company, KINDEE

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0864657802
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) General meeting of 24-09-2024 · Gazette deed
3 directors appointed IMSI Consulting BV, Ilyesse Maouan and SAMUEL CAULIER (managing director) · Permanent representative: Youssef Ben Seddik · General meeting of 30-08-2024 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) General meeting of 10-11-2021 · Gazette deed
All 35 events

Comparable companies

same main activity, similar in size and age
Company
PROJINIT Dendermonde €16.1m -0.6% 23.2% 56.8
TENNANT EUROPE Antwerp €9.2m 4.1% 75.4% 47.4
Liantis ondernemingsloket Brussels €7.9m 4.8% 14.2% 77.6
STHREE SERVICES Brussels €7.8m 5.3% 69.6% 48.8
THE MAILING FACTORY Ganshoren €8.7m 1.1% 38.6% 66.8
HORECAFOCUS Schaerbeek €6.2m 19.0% 58.3% 34.2
PKF Bofidi Services Ghent €12.5m 12.3% 38.9% 38.5
-10%0%10%20%€10m€20m€50m€100m€200mPROJINITEBIT margin

Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as PROJINIT: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €2.9m and €9.1m, founded between 1974 and 2007.

Official details

Source: KBO
Status
Active since 09-04-2004Normal situation
Activity
Office administrative and support servicesNACE 82100and 2 others
Establishment unit
2.137.607.8069200 Dendermonde, since 30-03-2004
Financial year end
31 March
Peppol
Reachable since 07-08-2025
Company details

Annual accounts to 31-03-2025

€16.1m▼ 1.1%
€225,786
€1.0m▼ 18.0%
€4.4m▲ 0.5%
Employeeson 31-03-2025
51▼ 10.5%
Filing
Filed on 27-10-2025
Financials

Insights on PROJINIT

PROJINIT has existed since 2004. In 2008 the gross margin rose from €131,221 to €375,740 and staff from 3.6 to 10 full-time equivalents.

Solvency fell in 2025 from 28.4% to 23.2% because of the loss and higher debts to suppliers.

BMC Tech Tribe holds all the shares. In September 2024, the Official Gazette published the appointment of SAMUEL CAULIER as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 27-10-2025, 4 days before the deadline
€16.1m
▼ 1.1%
-€88,726
▼ €573,692
-€28,207
▼ €579,737
-€165,268
▼ €444,015
23.2%
▼ 5.2 percentage points
1.27
▼ 0.08
In the rankings #6 company by total assets in Dendermonde, Administrative and support services sector

Money flows

of every €100 of turnover, €1.40 was lost in 2025

Balance sheet

balance sheet total €4.4m on 31-03-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

23.2%

Higher than 29% of 1,168 companies in 2025.

1.27

Higher than 44% of 1,125 companies in 2025.

-5.1%

Higher than 12% of 1,157 companies in 2025.

PROJINIT Middle half of the sector 80% of the sector Full accounts in office administrative support (NACE 82)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

Men and women7% women

53 men and 3.8 women in full-time equivalents in 2025.

€57,415

Men €58,346, women €44,430 per full-time equivalent. Jobs differ, so this is not a pay gap.

-6 people

people who joined people who left

In 2025, 10 people joined and 16 left. Training hours in 2025: 1,968.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 4.4m4.4m5.5m4.7m3.9m3.2m2.8m2.2m2.2m2.2m1.9m1.7m884,830890,879979,368745,565605,635240,372221,871
21/28 93,245149,242208,097142,652285,545296,005189,315179,336219,506270,049309,922317,512252,915197,679179,188122,928130,109131,027145,131
21 15,15960,934106,7096,82913,65920,48827,317--000000-6005,66412,215
22/27 26,36836,59049,67184,105111,610115,241151,689169,547209,716258,534298,408305,997241,400186,165169,438113,178119,568116,753129,105
22 ---34,32559,69985,909112,120138,560165,001191,441217,882189,624125,59085,27092,52799,784107,041114,297121,554
23 12,62714,17020,73228,88725,27915,07023,35719,84926,38236,31443,92549,03358,51821,86912,1826,1405,397493541
24 13,74122,42028,93920,89326,63214,26216,21311,13818,33430,77936,60067,34057,29379,02764,7297,2547,1301,9627,010
28 51,71851,71851,71851,718160,276160,27610,3089,7899,79011,51411,51411,51411,51411,5149,7509,7509,9418,6113,811
280/1 41,95241,95241,952----------------
280 41,95241,95241,952----------------
284/8 9,7669,7669,76651,718160,276160,27610,308------------
284 ---41,952150,000150,000-------------
285/8 9,7669,7669,7669,76610,27610,27610,308------------
29/58 4.3m4.3m5.3m4.5m3.6m2.9m2.6m2.0m2.0m1.9m1.6m1.4m631,915693,200800,180622,637475,526109,34576,740
29 650,000350,000544,000244,000244,000244,000244,000180,000130,000----------
291 650,000350,000544,000244,000244,000244,000244,000180,000130,000----------
3 ---------9,0099,0099,0099,0099,0099,00911,28713,48413,41622,010
30/36 ---------7,0097,0097,0097,0097,0097,0097,7878,4849,4169,510
37 ---------2,0002,0002,0002,0002,0002,0003,5005,0004,00012,500
40/41 3.0m3.3m4.0m3.4m2.8m2.3m1.8m1.3m1.5m1.5m1.6m1.3m581,239655,112726,282505,049409,93887,64234,175
40 2.6m2.5m3.2m2.5m2.2m1.8m1.4m1.1m1.4m1.4m1.5m1.2m527,774609,971677,221421,013402,68981,81534,075
41 343,629842,206849,267875,538655,400522,489459,277168,710103,974157,132118,95874,47953,46545,14049,06184,0367,2495,827100
50/53 374,178372,961597,812470,086324,466116,51816,450------------
51/53 374,178372,961597,812470,086324,466116,51816,450------------
54/58 296,820124,64790,069380,125165,54662,384140,208412321136,77315,09741,45018,76913,18136,69154,5021151,7505,284
490/1 62,78988,01855,11839,29527,742186,816367,174563,897406,001250,000-22,89922,89915,89928,19851,79951,9896,53715,271
Balance sheet: equity and liabilities
10/49 4.4m4.4m5.5m4.7m3.9m3.2m2.8m2.2m2.2m2.2m1.9m1.7m884,830890,879979,368745,565605,635240,372221,871
10/15 1.0m1.3m1.0m1.2m728,030618,670522,431511,333415,132266,231156,303101,47157,52954,58527,31615,89012,9097,1386,024
10/11 20,00020,00020,00020,00020,00020,00020,00019,96420,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
100 -----20,00020,00019,96420,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
13 666,96516,96516,965252,965252,965252,965252,965252,965156,96516,96516,96516,96516,96516,9657,5211,7961,7961,7961,796
130/1 652,0002,0002,0002,0002,000--------------
130 -----2,0002,0002,0002,0002,0002,0002,0002,0002,0008685858686
1311 652,0002,0002,0002,0002,000--------------
132 14,96514,96514,96514,96514,96514,96514,96514,96514,96514,96514,96514,96514,96514,9657,4351,7111,7111,7111,711
133 ---236,000236,000236,000236,000236,000140,000----------
14 339,1021.2m1.0m914,408455,064345,705249,466238,404238,167229,266119,33864,50620,56417,620-205-5,906-8,887-14,658-15,772
17/49 3.4m3.2m4.5m3.5m3.2m2.6m2.3m1.7m1.8m1.9m1.8m1.6m827,301836,294952,052729,675592,726233,234215,847
17 ------70,784155,94411,12270,417160,58262,26467,16994,127108,91277,06193,219110,527127,834
170/4 ------70,784155,94411,12270,417160,58262,26467,16994,127108,91277,06193,219110,527127,834
173 ------70,784------------
42/48 3.4m3.2m4.5m3.5m3.2m2.6m2.2m1.5m1.8m1.8m1.6m1.5m760,132742,167843,140652,614389,189118,97684,400
42 159,658159,730150,822150,584158,756204,538218,901249,406317,099164,525132,04124,56626,95826,37721,86715,36417,30717,30717,307
43 996-1,600---104,00396,970112,452118,407104,970113,026107,91284,087102,96588,13968,87913,36712,173
430/8 996-1,600---104,00396,970112,452118,407104,970113,026107,91284,087102,96588,13968,87913,36712,173
44 2.6m2.3m3.1m2.6m2.5m2.0m1.3m851,421724,234828,515553,641835,178370,585387,168475,581290,712104,2575,67431,896
440/4 2.6m2.3m3.1m2.6m2.5m2.0m1.3m851,421724,234828,515553,641835,178370,585387,168475,581290,712104,2575,67431,896
45 605,234727,5921.0m777,184512,764426,228556,837344,951642,978730,498822,562554,354254,677210,535242,727258,399198,74682,62822,943
450/3 86,468252,570282,130313,098147,752125,592230,468106,221322,592434,978500,499317,008195,446160,582165,289207,34774,59031,50916,469
454/9 518,766475,022717,986464,086365,011300,637326,369238,730320,386295,520322,063237,34659,23249,95377,43851,052124,15651,1196,474
47/48 2,200-236,000----------34,000----81
492/3 --106-4121,52827,975--226226226----110,3183,7313,613
Income statement
70/76A 16.3m16.5m16.9m14.2m13.3m12.0m9.7m------------
70 16.1m16.3m16.7m14.0m13.2m11.9m9.6m------------
74 161,011174,860156,288181,648---------------
76A -1,000---1,219-1,101-----------
9900 -------2.2m2.2m2.1m2.1m1.9m1.7m1.8m1.6m1.4m922,467375,740131,221
60/66A 16.4m16.0m16.6m13.7m12.8m11.5m9.4m------------
60 11.4m11.4m11.8m9.5m9.3m8.2m6.5m------------
600/8 11.4m11.4m11.8m9.5m9.3m8.2m6.5m------------
61 1.6m1.3m1.9m1.3m864,037910,671726,691------------
62 3.3m3.0m2.8m2.8m2.5m2.4m2.0m1.8m1.7m1.7m1.8m1.7m1.6m1.6m1.4m1.3m839,166341,876106,809
630 60,51966,56358,44659,23452,93748,96150,28246,02648,53057,28070,89365,34048,69538,02429,21413,32916,95515,75218,785
631/4 ----62,944--------------
640/8 26,63042,06452,50919,22014,76513,05342,64332,01550,93316,5872,94245,2218,8289,2807,00119,6197,4551,2171,668
66A -130,87913,367-149,370149,370175,241-1,724--530-4,35010,72010,000-3,478-
9901 -88,726484,967268,613496,621447,727490,496352,029343,965333,062306,704224,026172,760103,118144,061185,40866,78158,89116,8963,958
75/76B 61,76729,79513,859216,71419,21214916960212814,9295,9576483,9954,2886,7167,87684030726
75 61,76729,79513,859216,71419,21214916960212814,9295,9576483,9954,2886,7167,87684030726
751 7,2036,3107,24158,07210,253--------------
752/9 54,56423,4856,618158,6428,959149169------------
65/66B 188,697171,955101,51778,167276,889299,815292,992123,60577,75395,128108,00381,90054,69666,798121,61853,33322,1469,0018,187
65 188,697171,955101,51778,167127,520150,445117,751123,60577,75395,128108,00381,90054,69666,798121,61853,33322,1469,0018,187
650 166,920158,25981,78366,665134,626132,591116,518------------
651 -----14,57114,571-------------
652/9 21,77713,69619,73411,5037,4653,2831,234------------
66B ----149,370149,370175,241------------
9903 -215,656342,807180,955635,168190,050190,83059,206220,962255,436226,505121,98190,97852,41677,20259,78611,32437,5854,723-4,202
67/77 10,130130,62392,660175,82480,69094,59148,143124,725106,535116,57767,14947,03549,47249,93348,3608,34331,8143,609-
670/3 10,130130,62392,660175,82480,69094,59148,143------------
9904 -225,786212,18488,296459,344109,36096,23911,06296,237148,901109,92854,83243,9432,94427,26911,4262,9815,7711,114-4,202
689 -------------7,5305,725----
9905 -225,786212,18488,296459,344109,36096,23911,06296,237148,901109,92854,83243,9432,94419,7395,7012,9815,7711,114-4,202
Appropriation of the result
9906 989,1021.2m1.0m914,408455,064345,705249,466334,404378,167229,266119,33864,50620,56419,534-205-5,906-8,887-14,658-15,772
14P 1.2m1.0m914,408455,064---------------
791/2 --236,000----------------
792 --236,000----------------
691/2 650,000------96,000140,000----1,914-----
6920 -------------1,914-----
6921 650,000------96,000140,000----------
694/7 --236,000----------------
694 --236,000----------------
Social balance sheet
9087 56.854.551.942.254.251.837.140.441.240.140.842.741.443.139.333.434.3103.6
Men (FTE)1003 535150.141.152.25035.2------------
Women (FTE)1003 3.83.51.81.121.81.9------------
Hours worked1013 91,36488,44188,83888,64183,86588,60571,97864,29567,14363,02166,18867,99765,12968,06859,07057,37140,87516,2896,213
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The accounts for 2 older financial years (2005-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 43 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2025 full format 27-10-2025 2025-00549673 PDF
31-03-2024 full format 22-10-2024 2024-00511255 PDF
31-03-2023 full format 23-11-2023 2023-00515501 PDF
31-03-2022 full format 15-12-2022 2022-20537716 PDF
31-03-2021 full format 18-11-2021 2021-77500401 PDF
31-03-2020 full format 22-10-2020 2020-62300310 PDF
31-03-2019 full format 30-10-2019 2019-71800419 PDF
31-03-2018 abbreviated format 12-11-2018 2018-71900346 PDF
31-03-2017 abbreviated format 31-10-2017 2017-68200585 PDF
31-03-2016 abbreviated format 30-09-2016 2016-63800480 PDF
31-03-2015 abbreviated format 13-11-2015 2015-66800536 PDF
31-03-2014 abbreviated format 01-10-2014 2014-63800455 PDF
31-03-2013 abbreviated format 06-11-2013 2013-65600243 PDF
31-03-2012 abbreviated format 04-10-2012 2012-60400088 PDF
31-03-2011 abbreviated format 29-09-2011 2011-56800033 PDF
31-03-2010 abbreviated format 07-10-2010 2010-57300292 PDF
31-03-2009 abbreviated format 27-10-2009 2009-83000155 PDF
31-03-2008 abbreviated format 30-10-2008 2008-80100052 PDF
31-03-2007 abbreviated format 26-10-2007 2007-78500200 PDF
31-03-2006 abbreviated format 25-10-2006 2006-84603094 PDF
31-03-2005 abbreviated format 10-10-2005 2005-81502548 PDF

Subsidies and aid

Flemish government 2022 to 2025, 5 entries, €12,246 awarded, €12,246 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€8,071
Vlaams opleidingsverlof (VOV)
€4,175
Year Entries AwardedPaid
2025 1 €540€540
2024 1 €3,378€3,378
2023 2 €7,040€7,040
2022 1 €1,288€1,288

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
-28,207551,529327,059555,855500,665539,457402,311389,991381,592363,983294,919238,100151,813182,085214,62280,11075,84632,64822,744
-165,268278,747146,741518,578162,297145,20061,344142,263197,431167,207125,725109,28251,63965,29340,64016,31022,72616,86614,583
4,5228,246158,21666,85142,477158,46559,7425,8571,60217,40663,303129,937103,93056,51685,4736,33916,0377,6063,750
172,17234,578-290,056214,579103,162-77,824139,79692-136,452121,676-26,35322,6825,588-23,511-17,81154,387-1,635-3,535-
932,8221.1m831,6781.0m442,897324,192431,875487,940206,74966,8257,189-153,550-128,217-48,967-42,960-29,97786,337-9,631-7,660
-0.6%3.0%1.6%3.5%3.4%4.1%3.7%------------
23.2%28.4%18.8%25.4%18.8%19.2%18.7%23.1%18.7%12.2%8.1%6.0%6.5%6.1%2.8%2.1%2.1%3.0%2.7%
1.271.351.191.301.141.121.201.321.121.041.000.900.830.930.950.951.220.920.91
1.271.351.191.301.141.121.201.321.121.031.000.890.820.920.940.941.190.810.65
3.322.524.312.934.334.204.343.324.357.1811.3515.6714.3815.3234.8545.9245.9232.6735.83
-22.0%16.9%8.5%38.7%15.0%15.6%2.1%18.8%35.9%41.3%35.1%43.3%5.1%50.0%41.8%18.8%44.7%15.6%-69.8%
-5.1%4.8%1.6%9.8%2.8%3.0%0.4%4.4%6.7%5.0%2.8%2.6%0.3%3.1%1.2%0.4%1.0%0.5%-1.9%
-0.173.484.008.343.724.073.45------------
59 days56 days69 days66 days60 days55 days52 days------------
74 days65 days83 days86 days89 days79 days65 days------------

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.

Revenue breakdown

as filed

By activity 2025

  • Consultancy Freelance €12,405,20677.0%
  • Consultancy Employer €3,691,42922.9%
  • Doorgerekende kosten €16,6880.1%

Total €16,113,324

Source: 2025 accounts, page 23, filing 2025-00549673

All years (2018 to 2025)
By activity20182019202020212022202320242025
Consultancy Freelance-------€12,405,206
Consultancy Employer-------€3,691,429
Doorgerekende kosten-----€6,641€39,079€16,688
Freelance consultancy---€9,914,960€10,434,002€12,979,432€12,709,422-
Consultancy€2,552,989€2,773,146€3,365,529€3,236,868€3,579,012€3,744,267€3,549,595-
Verkopen hardware€2,427€5,163€6,795€0----
Freelance consultancyf€4,681,505€6,865,101€8,510,232-----
Projects€14,900-------
Total€7,251,822€9,643,410€11,882,556€13,151,828€14,013,014€16,730,340€16,298,096€16,113,324

Social balance sheet

Item31-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date51575454
full-time50565354
part-time111-
in full-time equivalents50.856.853.854
56.854.551.942.2
On a permanent contract51575454
Joined10171821
Left16141819
Training hours1,9689684,084172

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item31-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€4,522€8,246€20,891€24,899
Intangible fixed assets--€137,325-
Financial fixed assets---€41,952
€60,519€66,563€58,446€59,234

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item31-03-202531-03-202431-03-202331-03-2022
Fee for the audit€13,944€12,769€13,838€15,129
Work by persons linked to the auditor---€5,522

Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)

Insights on PROJINIT

The operating result for 2025 is a loss of €88,726, after a profit of €484,967 in 2024. It is the lowest result since 2007.

Debt's share of the balance-sheet total rises from 71.6% to 76.8%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors, 1 in day-to-day management, 1 auditor, last change in 2024
Ilyesse Maouan
Director
appointed by deed of 16-09-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 27-10-2025
IMSI Consulting BV
Director, permanent representative Youssef Ben Seddik
appointed by deed of 16-09-2024 term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 27-10-2025
SAMUEL CAULIER
Managing director
appointed by deed of 16-09-2024
KPMG Bedrijfsrevisoren
Statutory auditor, permanent representative Hoebeeck Joachim
appointed by deed of 11-10-2022 3-year term from 2024
SAMUEL CAULIER
Permanent representatives 1
Youssef Ben Seddik
Permanent representative, for IMSI Consulting
appointed by deed of 16-09-2024

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Ilyesse Maouan
Director
IMSI Consulting
Director
SAMUEL CAULIER
Managing director
KPMG Bedrijfsrevisoren
Statutory auditor
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • Ilyesse Maouan
    • Director, since before 31-03-2024
  • IMSI Consulting
    • Director, since before 31-03-2024
  • SAMUEL CAULIER
    • Managing director, since before 31-03-2022
  • KPMG Bedrijfsrevisoren
    • Statutory auditor, appointed by deed of 11-10-2022, still in office

See the board, name and registered office on a given date →

Control

Parent
BMC Tech Tribe
Equity €2.7m
Profit €434,816 in 2025
Checked score 90
100%
This company
PROJINIT
Equity €1.0m
Loss €225,786 in 2025

and 1 other shareholder

Capital

Contribution
€20,000
Shares
200
Contribution per share
€100
Equity per share
€5,130 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
BMC Tech Tribe
100%
100%
IMSI Consulting
10%
10% until 2024
Owners as a list

Source: lists of holdings in the owners' accounts

Shareholders

2 owners

Owners 2

Network & group

Holdings

own accounts to 31-03-2025, the bar shows equity in euros
This companyPROJINIT1 holding, 1 country accounts to 31-03-2025

Belgium 1 Equity Result

  • BE Kindee €56,480 result €85,548

Source: list of holdings in its own 31-03-2025 accounts. Every holding stands with its own latest accounts.

Parent

BMC Tech Tribe
1012.555.086 · 100% of the shares · equity €2.7m · profit €434,816 (2025)
Checked score 90

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2020 to 2025
Holdings through the years
Name202020212022202320242025
KINDEE 100%
MindscopicNL 20%

Source: list of holdings in its own accounts

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Talencia Consulting
via IMSI Consulting · Director · deed of 08-10-2024
Founded in 2013 · 17 FTE (2025)
→

Timeline

Timeline

35 events since 2004
2025
Annual accounts 2025 filed PDFfull format · 4 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0864657802
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)General meeting of 24-09-20242 points ▸

Open the deed in the Belgian Official Gazette

Weakest financial year net -€225,786 The net result drops to -€225,786, the lowest from 2007 to 2025.
2024
Annual accounts 2024 filed PDFfull format · 9 days before the deadline
3 directors appointedIMSI Consulting BV, Ilyesse Maouan and SAMUEL CAULIER (managing director) · Permanent representative: Youssef Ben Seddik · General meeting of 30-08-20246 points ▸
  • General meeting, 30-08-2024
  • Director appointment, IMSI Consulting BV
  • Director appointment, Ilyesse Maouan
  • Permanent representative, Youssef Ben Seddik
  • Board meeting, 30-08-2024
  • Director appointment, SAMUEL CAULIER (managing director)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFfull format · 23 days late
2022
Annual accounts 2022 filed PDFfull format · 45 days late
Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)General meeting of 10-11-20212 points ▸

Open the deed in the Belgian Official Gazette

Highest result from 2007 to 2025 net €459,344 ▲320% The operating result of €496,621 and the net result of €459,344 are both a record.
Equity above €1m equity €1.2m ▲63.1% After 15 profitable years in a row, equity reaches €1.2m.
2021
Annual accounts 2021 filed PDFfull format · 18 days late
2020
Annual accounts 2020 filed PDFfull format · 9 days before the deadline
2019
Annual accounts 2019 filed PDFfull format · 1 day before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 12 days late
Equity above €500,000 equity €511,333 ▲23.2% After 11 profitable years in a row, equity reaches €511,333.
2017
Annual accounts 2017 filed PDFabbreviated format · on the deadline day
2016
Annual accounts 2016 filed PDFabbreviated format · 31 days before the deadline
Equity above €200,000 equity €266,231 ▲70.3% After 9 profitable years in a row, equity reaches €266,231.
2015
Annual accounts 2015 filed PDFabbreviated format · 13 days late
Equity above €150,000 equity €156,303 ▲54% After 8 profitable years in a row, equity reaches €156,303.
2014
Annual accounts 2014 filed PDFabbreviated format · 30 days before the deadline
Equity above €100,000 equity €101,471 ▲76.4% After 7 profitable years in a row, equity reaches €101,471.
2013
Annual accounts 2013 filed PDFabbreviated format · 6 days late
2012
Annual accounts 2012 filed PDFabbreviated format · 27 days before the deadline
2011
Annual accounts 2011 filed PDFabbreviated format · 32 days before the deadline
2010
Annual accounts 2010 filed PDFabbreviated format · 24 days before the deadline
2009
Annual accounts 2009 filed PDFabbreviated format · 4 days before the deadline
2008
Annual accounts 2008 filed PDFabbreviated format · 1 day before the deadline
Back to profit net €1,114 The net result is €1,114, after one loss-making year.
2007
Annual accounts 2007 filed PDFabbreviated format · 5 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 6 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Incorporation PDFpublished on 22-04-2004
First establishment PROJINIT BVBA, Noordlaan 21, Dendermonde

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 9 April 2004, PROJINIT was incorporated.1 Turnover went from €9.6m in 2019 to €16.1m in 2025 and headcount from 37.1 to 56.8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0864.657.802
VAT number
BE 0864.657.802
Peppol ID
0208:0864657802
Other Peppol ID
9925:BE0864657802
LEI code
8945004MFWX5458LTE90 live in the LEI register
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
09-04-2004
Financial year
ends on 31 March
Peppol
Reachable since 07-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PROJINIT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
82100 Office administrative and support services main activity
58290 Other software publishing
Social security (RSZ) activities
62100 Computer programming main activity
Codes under NACEBEL 2008
VAT activities
82190 Office administrative, office support and other business support activities main activity
58290 Publishing activities
Social security (RSZ) activities
62010 Computer programming, consultancy and related activities main activity
Codes under NACEBEL 2003
VAT activities
74851 main activity
72210
Social security (RSZ) activities
72220 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
PROJINIT BVBA registered office Noordlaan 21, 9200 Dendermonde 62100 Computer programming 30-03-2004 2.137.607.806

Buildings and parcels at the address

Ground area
1,477 m²
Buildings
738 m²
Volume, LiDAR
7,230 m³
Tallest building
17.2 m
Buildings to scale, each on its own parcel
738 m², 17.2 m 738 m², 17.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
42006C0394/00L0001,477 m² 1 · 738 m² 17.2 m · 4

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