Equity
€156,966 from €310,719 in 2018
Equity fell by 49% in 8 years.
I.T.C.M.
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €118,957 (2009)
€55,144▲ 0.8%
lowest -€14,365 (2022)
€21,092▲ 8.6%
peak €310,719 (2018)
€156,966▲ 15.5%
€101,414▼ 29.3%
Board2 names since 2020
1 directorPeeters Frans
Documentsfilings and deeds
14-07-2026109 days before the deadline
2026micro format
Equity from €135,874 to €156,966Debts from €143,392 to €101,414Cash from €11,586 to €4,358
Key points
from the 2026 annual accountsChecked score
90
Excellent
Financially stronger than 61% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.07, cash €4,358, halved
lowers risk
Founded in 2001
Size: total assets €258,380
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 72% of them on solvency, 26% on liquidity, 76% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as I.T.C.M. has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of I.T.C.M. itself: 0.2% within 12 months.
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.
| 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 31,368 companies, not a prediction for I.T.C.M.. 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 €14,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.07 (0.16 in 2025), below 1. Short-term debt is 39.2% and cash 1.7% of total assets. 39.2% 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
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 days early
2025
98 days early
2024
171 days early
2023
on the day
2022
46 days early
2021
34 days early
2020
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 73 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 73 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0475830134
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
Resignation: Oversteyns Kris (director)
Appointment: Peeters Frans (director) · Director discharge: Oversteyns Kris · General meeting of 07-03-2020 · Gazette deed
Capital decrease of €207,000 to €18,600
Capital from €225,600 to €18,600 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| I.T.C.M. Kapellen | €258,380 | €55,144 | 60.8% | - |
| Ter Centrum Willebroek | €278,091 | €47,123 | 90.4% | - |
| IMMOJULY Brecht | €307,920 | €50,601 | 98.5% | - |
| European Transactions and Investments Company Ixelles | €272,371 | €58,209 | 42.0% | - |
| HOLDING RSE Lede | €267,853 | €63,047 | 47.9% | - |
| INELL Heusden-Zolder | €288,584 | €56,577 | 73.3% | - |
| MANSOE Zedelgem | €280,860 | €48,899 | 16.3% | - |
These companies have the same main activity as I.T.C.M.: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €268,000 and €308,000, founded between 1999 and 2003.
Official details
Source: KBO- Status
- Active since 10-10-2001Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 3 others
- Establishment unit
- 2.095.462.4922950 Kapellen, since 18-12-2001
- Financial year end
- 31 March
- Peppol
- Reachable since 03-02-2026
Annual accounts to 31-03-2026
- €258,380▼ 7.5%
- Filing
- Filed on 14-07-2026, 109 days before the end of the filing period
Insights on I.T.C.M.
I.T.C.M. files the micro format. That format states no turnover. The gross margin fell from €85,703 in 2007 to €55,144 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about I.T.C.M.
- What is the company number of I.T.C.M.?
- The company number of I.T.C.M. is 0475.830.134. The VAT number is the same number with BE in front: BE 0475.830.134.
- Where is I.T.C.M. based?
- The registered office is at Sint-Mauritiuslaan 21, 2950 Kapellen.Company details
- What does I.T.C.M. do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of I.T.C.M.?
- I.T.C.M. is a private limited company (BV).
- When was I.T.C.M. founded?
- I.T.C.M. was founded on 10-10-2001.
- Is I.T.C.M. still active?
- Yes, I.T.C.M. is an active enterprise in the KBO register.
- What is the turnover of I.T.C.M.?
- The turnover in financial year 2026 is ≈ €71,000. This figure is estimated from the gross margin of €55,144 and 45 comparable companies (NACE 682). It probably lies between €62,000 and €91,000.Financials
- Is I.T.C.M. profitable?
- In financial year 2026, I.T.C.M. made a profit of €21,092.
- Where can I find the annual accounts of I.T.C.M.?
- I.T.C.M. filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of I.T.C.M. due?
- I.T.C.M. must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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