3PI
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
9 d late
2022
51 d early
2021
32 d early
2020
11 d late
2019
48 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?AROUND II · 17 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.7m▼ 9.8%
2019 · €1.9m
EBIT margin
4.3%▲ 0.2pp
2019 · 4.2%
Net result
€662,138▲ 468%
2023 · €116,489
Working capital
€1.1m▲ 464%
2023 · €200,432
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.7m▼ 9.8%
Operating result€74,425▼ 6.3%€127,604▲ 71.5%€89,194▼ 30.1%€137,406▲ 54.1%€809,285▲ 489%
Net result€42,855▼ 9.6%€82,878▲ 93.4%€54,286▼ 34.5%€116,489▲ 115%€662,138▲ 468%
EBIT margin4.3%▲ 0.2pp
Equity€78,002▲ 122%€160,880▲ 106%€215,165▲ 33.7%€231,655▲ 7.7%€1.1m▲ 371%
Total assets€718,604▼ 3.0%€862,346▲ 20.0%€781,756▼ 9.3%€966,457▲ 23.6%€2.0m▲ 104%
Debt€640,602▼ 9.2%€701,466▲ 9.5%€566,590▼ 19.2%€734,803▲ 29.7%€883,686▲ 20.3%
Working capital€66,770▲ 189%€220,657▲ 230%€152,017▼ 31.1%€200,432▲ 31.8%€1.1m▲ 464%
Staff (FTE)5.5▼ 25.7%6▲ 9.1%5.3▼ 11.7%4▼ 24.5%3.1▼ 22.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +468%, Equity +371%, Total assets +104% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 489% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€156,576 ▲ 1.5%
Current assets
€1.8m ▲ 124%
Equity and liabilities €2.0m
Equity
€1.1m ▲ 371%
Debt
€883,686 ▲ 20.3%
Debt's share of the balance-sheet total falls from 76.0% to 44.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€836,733▲
2023 · €197,908
Cash flow
€689,585▲
2023 · €176,991
Current ratio
2.64▲
2023 · 1.33
Quick ratio
2.63▲
2023 · 1.30
Debt to equity
0.81▼
2023 · 3.17
ROE
60.6%▲
2023 · 50.3%
ROA
33.5%▲
2023 · 12.1%
Interest coverage
119.41▲
2023 · 31.60
Debt ≤ 1 year
€688,659▲
2023 · €611,712
Debt > 1 year
€109,204▼
2023 · €123,091
Income taxes
€153,898▲
2023 · €14,841
Staff costs
€243,073▲
2023 · €206,896
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.7m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €572 | - |
| Remuneration, social security and pensions62 | - | €260,505 | €281,342 | €206,896 | €243,073 | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,894 | €41,252 | €54,763 | €60,502 | €27,447 | ▼ 54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,882 | - |
| Other operating charges640/8 | - | €2,998 | €1,160 | €1,851 | €2,330 | ▲ 25.9% |
| Non-recurring operating charges66A | - | - | - | - | €34,112 | - |
| Gross operating margin9900 | €356,411 | €432,358 | €426,459 | €406,655 | €1.1m | ▲ 175% |
| Operating profit (loss)9901 | €74,425 | €127,604 | €89,194 | €137,406 | €809,285 | ▲ 489% |
| Financial income75/76B | - | €267 | €253 | €187 | €13,759 | ▲ 7,277% |
| Recurring financial income75 | €727 | €267 | €253 | €187 | €13,759 | ▲ 7,277% |
| Financial charges65/66B | - | €10,351 | €7,936 | €6,262 | €7,007 | ▲ 11.9% |
| Recurring financial charges65 | €8,950 | €10,351 | €7,936 | €6,262 | €7,007 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €65,772 | €117,520 | €81,510 | €131,330 | €816,036 | ▲ 521% |
| Income taxes67/77 | €22,917 | €34,642 | €27,225 | €14,841 | €153,898 | ▲ 937% |
| Profit (loss) for the period9904 | €42,855 | €82,878 | €54,286 | €116,489 | €662,138 | ▲ 468% |
| Profit (loss) for the period to be appropriated9905 | €42,855 | €82,878 | €54,286 | €116,489 | €662,138 | ▲ 468% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €718,604 | €862,346 | €781,756 | €966,457 | €2.0m | ▲ 104% |
| Fixed assets21/28 | €207,422 | €240,401 | €199,897 | €154,313 | €156,576 | ▲ 1.5% |
| Tangible fixed assets22/27 | €206,278 | €239,257 | €198,753 | €153,169 | €155,432 | ▲ 1.5% |
| Land and buildings22 | - | €7,589 | €6,324 | €5,059 | €3,794 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €7,211 | €5,138 | €3,068 | €2,026 | ▼ 34.0% |
| Furniture and vehicles24 | - | €78,898 | €66,837 | €46,802 | €63,973 | ▲ 36.7% |
| Leasing and similar rights25 | - | €20,666 | €9,300 | - | - | - |
| Other tangible fixed assets26 | - | €124,894 | €111,155 | €98,240 | €85,639 | ▼ 12.8% |
| Financial fixed assets28 | €1,144 | €1,144 | €1,144 | €1,144 | €1,144 | = |
| Current assets29/58 | €511,183 | €621,945 | €581,858 | €812,145 | €1.8m | ▲ 124% |
| Stocks and contracts in progress3 | €47,459 | €28,616 | €31,335 | €16,484 | €9,323 | ▼ 43.4% |
| Stocks30/36 | - | €28,616 | €31,335 | €16,484 | €9,323 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €180,644 | €308,816 | €177,757 | €602,579 | €1.6m | ▲ 170% |
| Trade receivables40 | - | €262,369 | €164,982 | €154,645 | €283,922 | ▲ 83.6% |
| Other amounts receivable41 | - | €46,447 | €12,775 | €447,935 | €1.3m | ▲ 199% |
| Current investments50/53 | - | - | - | €1,400 | €1,400 | = |
| Cash at bank and in hand54/58 | €276,432 | €284,513 | €369,016 | €191,681 | €181,788 | ▼ 5.2% |
| Deferred charges and accrued income490/1 | - | - | €3,750 | - | €1,292 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €718,604 | €862,346 | €781,756 | €966,457 | €2.0m | ▲ 104% |
| Equity10/15 | €78,002 | €160,880 | €215,165 | €231,655 | €1.1m | ▲ 371% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €38,600 | ▲ 93.0% |
| Reserves13 | €21,860 | €21,860 | €21,860 | €21,860 | €56,570 | ▲ 159% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,400 | ▼ 24.7% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Own shares acquired1312 | - | - | - | - | €1,400 | - |
| Tax-exempt reserves132 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | - | - | - | - | €35,170 | - |
| Profit (loss) carried forward14 | €36,142 | €119,020 | €173,305 | €189,795 | €996,862 | ▲ 425% |
| Amounts payable17/49 | €640,602 | €701,466 | €566,590 | €734,803 | €883,686 | ▲ 20.3% |
| Amounts payable after more than one year17 | €191,575 | €160,565 | €136,749 | €123,091 | €109,204 | ▼ 11.3% |
| Financial debts170/4 | - | €160,565 | €136,749 | €123,091 | €109,204 | ▼ 11.3% |
| Amounts payable within one year42/48 | €444,412 | €401,288 | €429,841 | €611,712 | €688,659 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | €27,437 | €23,817 | €21,454 | €13,887 | ▼ 35.3% |
| Financial debts43 | - | €8,913 | - | - | €53,688 | - |
| Credit institutions430/8 | - | - | - | - | €53,688 | - |
| Other loans439 | - | €8,913 | - | - | - | - |
| Trade debts44 | €313,571 | €335,479 | €370,884 | €459,699 | €249,159 | ▼ 45.8% |
| Suppliers440/4 | - | €335,479 | €370,884 | €459,699 | €249,159 | ▼ 45.8% |
| Taxes, remuneration and social security45 | - | €29,460 | €35,141 | €30,560 | €121,925 | ▲ 299% |
| Taxes450/3 | - | €8,338 | €13,589 | €12,634 | €82,767 | ▲ 555% |
| Remuneration and social security454/9 | - | €21,122 | €21,552 | €17,926 | €39,158 | ▲ 118% |
| Other amounts payable47/48 | - | - | - | €100,000 | €250,000 | ▲ 150% |
| Accrued charges and deferred income492/3 | - | €139,613 | - | - | €85,823 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,855 | €82,878 | €54,286 | €116,489 | €662,138 | ▲ 468% |
| + Depreciation and write-downs630 | €40,894 | €41,252 | €54,763 | €60,502 | €27,447 | ▼ 54.6% |
| Operating cash flow (approximation) | €83,749 | €124,129 | €109,049 | €176,991 | €689,585 | ▲ 290% |
| Investment in fixed assets (approximation) | - | -€74,231 | -€14,259 | -€14,918 | -€29,711 | ▼ 99.2% |
| Change in cash | - | €8,081 | €84,503 | -€177,335 | -€9,893 | ▲ 94.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €662,138 ▲468%
Operating result €809,285, net result €662,138, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲371%
6 profitable years in a row build equity to €1.1m.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €215,165 ▲33.7%
4 profitable years in a row build equity to €215,165.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €160,880 ▲106%
3 profitable years in a row build equity to €160,880.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
13-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €47,425
Net result €47,425 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
AROUND II
17 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: DE MORGENSTER. The sources do not say who stands above it.
Owners 1
- On IT Belgiumparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
2 endedPc-technicus (so)
Pc-technicus (so)