I.T.C.M.
ActiveSummary
I.T.C.M. has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €157k and a net result of €21k. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 97 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability79▲+2
Solvency86▲+12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.16 in 2025; short-term debt: 39.2% and cash: 1.7% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
60.8%
Return on assets
8.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-07-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
109 d early
2025
98 d early
2024
171 d early
2023
on the day
2022
46 d early
2021
34 d early
2020
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€157k▲ 15.5%
2025 · €136k
2019: €161k
2020: €196k
2021: €210k
2022: €196k
2023: €165k
2024: €151k
2025: €136k
2019 → 2026
Total assets
€258k▼ 7.5%
2025 · €279k
2019: €489k
2020: €471k
2021: €363k
2022: €348k
2023: €311k
2024: €334k
2025: €279k
2019 → 2026
Net result
€21k▲ 8.6%
2025 · €19k
2019: €59k
2020: €35k
2021: €15k
2022: €-14k
2023: €-4k
2024: €21k
2025: €19k
2019 → 2026
Working capital
€-94k▲ 22.0%
2025 · €-121k
2019: €-85k
2020: €-71k
2021: €-78k
2022: €-91k
2023: €-113k
2024: €-117k
2025: €-121k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€196k-€165k▼ 15.6%€151k▼ 8.5%€136k▼ 10.3%€157k▲ 15.5%
Operating result€-13k-€-3k▲ 74.0%€27k€31k▲ 13.1%€32k▲ 4.2%
Net result€-14k-€-4k▲ 71.3%€21k€19k▼ 9.6%€21k▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2026 is 4% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €258k
Fixed assets
€251k ▼ 2.1%
Current assets
€7k ▼ 67.9%
Equity and liabilities €258k
Equity
€157k ▲ 15.5%
Debt
€101k ▼ 29.3%
Debt's share of the balance-sheet total falls from 51.3% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▲
2025 · €47k
Cash flow
€38k▲
2025 · €35k
Current ratio
0.07▼
2025 · 0.16
Debt to equity
0.65▼
2025 · 1.06
ROE
13.4%▼
2025 · 14.3%
ROA
8.2%▲
2025 · 7.0%
Interest coverage
110.25▲
2025 · 60.42
Debt ≤ 1 year
€101k▼
2025 · €143k
Income taxes
€11k▼
2025 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 46 lines
Balance sheet
Code20252026
Assets
Total assets20/58€279k€258k▼
Formation expenses20€0€0=
Fixed assets21/28€257k€251k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€257k€251k▼
Land and buildings22€254k€240k▼
Plant, machinery and equipment23€0€971▲
Furniture and vehicles24€3k€10k▲
Current assets29/58€23k€7k▼
Amounts receivable within one year40/41€11k€3k▼
Trade receivables40€10k€459▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€12k€4k▼
Equity and liabilities
Total equity and liabilities10/49€279k€258k▼
Equity10/15€136k€157k▲
Contributions10/11€6k€6k=
Reserves13€130k€151k▲
Distributable reserves133€130k€151k▲
Amounts payable17/49€143k€101k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€143k€101k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€0€6k▲
Suppliers440/4€0€6k▲
Taxes, remuneration and social security45€12k€783▼
Taxes450/3€12k€783▼
Other amounts payable47/48€127k€95k▼
Income statement
Code20252026
Remuneration, social security and pensions62€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€55k€55k▲
Operating profit (loss)9901€31k€32k▲
Financial charges65/66B€772€444▼
Recurring financial charges65€772€444▼
Profit (loss) for the period before taxes9903€30k€32k▲
Income taxes67/77€11k€11k▼
Profit (loss) for the period9904€19k€21k▲
Profit (loss) for the period to be appropriated9905€19k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€21k▲
Transfer from equity791/2€35k-
Transfer to equity691/2€19k€21k▲
To other reserves6921€19k€21k▲
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Equity above €150kEq €157k ▲15.5%
3 profitable years in a row build equity to €157k.
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-14k ▼199%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €200kEq €210k ▲7.4%
3 profitable years in a row build equity to €210k.
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Mauritiuslaan 212950 KapellenGround area
1,088 m²
Building footprint
180 m²
Volume, LiDAR
1,056 m³
Parcel 11362M0611/00T003, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Mauritiuslaan 21, 2950 Kapellen
since 20012.095.462.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0611/00T003 | Flanders | 1,088 m² | 1 · 180 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Seghers-Invest
BE 0763.620.919
Buggenhout · Eq €156,919
DC 4 Management
BE 0468.322.235
Kapellen · Eq €157,445
SEHA Invest Holding
BE 0756.816.071
Brussel · Eq €157,451
immo- INN
BE 0895.713.341
Eghezée · Eq €156,403
V-PAT
BE 0775.938.335
Wielsbeke · Eq €157,582
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,621 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2001
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.