I.T.S.
ActiveI.T.S. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €17k. Equity is shrinking by ~13.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 44% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-5
Solvency57▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.18 in 2024; short-term debt: 37.8% and cash: 0% of total assets), and 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
32.4%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 56.3%
2024 · €38k
2018: €-11k
2019: €-23k
2020: €-15k
2021: €-46k
2022: €-37k
2023: €-57k
2024: €38k
2018 → 2025
Working capital
€-57
2024 · €32k
2018: €-25k
2019: €7k
2020: €-51k
2021: €-80k
2022: €-101k
2023: €47k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€325k▼ 10.2%€175k▼ 46.2%€162k▼ 7.5%€128k▼ 21.0%
Operating result€-48k-€-33k▲ 30.6%€71k€50k▼ 29.3%€23k▼ 54.8%
Net result€-46k-€-37k▲ 19.2%€-57k▼ 53.3%€38k€17k▼ 56.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €395k
Fixed assets
€246k▼ 8.7%
Current assets
€149k▼ 29.2%
Equity and liabilities €395k
Equity
€128k▼ 21.0%
Provisions
€5k▼ 47.1%
Debt
€262k▼ 15.0%
The debt ratio rises from 64.1% to 66.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €86k
Cash flow
€53k▼
2024 · €74k
Solvency
32.4%▼
2024 · 33.7%
Current ratio
1.00▼
2024 · 1.18
Quick ratio
1.00▼
2024 · 1.18
Debt / equity
2.05▲
2024 · 1.90
ROE
13.0%▼
2024 · 23.5%
ROA
4.2%▼
2024 · 7.9%
Interest coverage
7.24▼
2024 · 14.34
Debt
€262k▼
2024 · €308k
Debt ≤ 1 year
€150k▼
2024 · €179k
Debt > 1 year
€112k▼
2024 · €128k
Income taxes
€10k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€480k€395k▼
Fixed assets21/28€269k€246k▼
Tangible fixed assets22/27€269k€246k▼
Land and buildings22€168k€164k▼
Plant, machinery and equipment23€100k€81k▼
Furniture and vehicles24€1k€435▼
Current assets29/58€211k€149k▼
Amounts receivable within one year40/41€207k€146k▼
Trade receivables40€3k€15k▲
Other amounts receivable41€203k€131k▼
Cash at bank and in hand54/58€108€1▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€480k€395k▼
Equity10/15€162k€128k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€62k€27k▼
Non-distributable reserves130/1€31k€11k▼
Legal reserve130€31k€11k▼
Tax-exempt reserves132€31k€16k▼
Profit (loss) carried forward14-€592
Provisions and deferred taxes16€10k€5k▼
Deferred taxes168€10k€5k▼
Amounts payable17/49€308k€262k▼
Amounts payable after more than one year17€128k€112k▼
Financial debts170/4€128k€112k▼
Amounts payable within one year42/48€179k€150k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€22k€4k▼
Taxes450/3€22k€4k▼
Other amounts payable47/48€125k€116k▼
Accrued charges and deferred income492/3€112-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€13k€13k▼
Gross operating margin9900€99k€75k▼
Operating profit (loss)9901€50k€23k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Non-recurring financial income76B-€218
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€50k€22k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€17k€10k▼
Profit (loss) for the period9904€38k€17k▼
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€53k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€31k▼
Profit (loss) brought forward from the previous period14P€-12k-
Transfer from equity791/2€10k€20k▲
Profit to be distributed694/7€51k€51k▼
Return on contributions (dividend)694€51k€51k▼
The notes to these accounts (16 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 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €38k
Net result €38k after 6 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.39
Current ratio from 0.59 to 1.39; short-term debt falls from €245k to €122k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Mortsel · 1 establishment unit since 1989
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.
Vredebaan 552640 MortselGround area
232 m²
Building footprint
232 m²
Volume, LiDAR
2,429 m³
Parcel 11513C0059/00W003, Flanders · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ITS NV
since 19892.043.259.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0059/00W003 | Flanders | 231 m² | 1 · 231 m² | 12.8 m · 4 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.
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STEP BY STEPPE
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JLM&CO Rent
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REALTY INVEST BELGIUM
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 4,424 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-04-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.