I.T.Z.
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 10-12-2025 was due by 10-07-2026 and was filed on 24-01-2026, 167 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
167 d early
2024
62 d early
2023
61 d early
2022
67 d early
2021
11 d early
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-56k
2024 · €18k
2018: €320k
2019: €-946k
2020: €547k
2021: €938k
2022: €84k
2023: €-5k
2024: €18k
2018 → 2025
Working capital
€1.28M▼ 36.6%
2024 · €2.01M
2018: €1.90M
2019: €585k
2020: €620k
2021: €1.17M
2022: €1.24M
2023: €2.00M
2024: €2.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.67M▲ 5.3%€1.66M▼ 0.3%€1.68M▲ 1.1%€1.62M▼ 3.3%
Operating result€1.27M-€-55k€-14k▲ 74.2%€-4k▲ 71.5%€-48k▼ 1,084%
Net result€938k-€84k▼ 91.0%€-5k€18k€-56k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.07M
Fixed assets
€1.79M
Current assets
€1.28M
Equity and liabilities €3.07M
Equity
€1.62M▼ 3.3%
Provisions
€330k▼ 1.0%
Debt
€1.12M▲ 1,067%
The debt ratio rises from 4.5% to 36.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k
Cash flow
€-6k
Solvency
52.8%▼
2024 · 79.7%
Debt / equity
0.69▲
2024 · 0.06
ROE
-3.5%▼
2024 · 1.1%
ROA
-1.8%▼
2024 · 0.8%
Interest coverage
0.18
Debt
€1.12M▲
2024 · €96k
Debt ≤ 1 year
€5k▼
2024 · €96k
Debt > 1 year
€1.11M
Income taxes
€0▼
2024 · €4k
A ratio outside any meaningful range has been withheld (balance sheet total €3.07M, equity €1.62M).
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€2.11M€3.07M▲
Fixed assets21/28-€1.79M
Tangible fixed assets22/27-€1.79M
Land and buildings22-€1.79M
Furniture and vehicles24-€3k
Current assets29/58€2.11M€1.28M▼
Amounts receivable within one year40/41€1.23M€1.19M▼
Other amounts receivable41€1.23M€1.19M▼
Current investments50/53€800k€0▼
Cash at bank and in hand54/58€74k€93k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.11M€3.07M▲
Equity10/15€1.68M€1.62M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.39M€1.38M▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€999k€990k▼
Distributable reserves133€387k€387k=
Profit (loss) carried forward14€225k€178k▼
Provisions and deferred taxes16€333k€330k▼
Deferred taxes168€333k€330k▼
Amounts payable17/49€96k€1.12M▲
Amounts payable after more than one year17-€1.11M
Financial debts170/4-€1.11M
Other amounts payable178/9-€250
Amounts payable within one year42/48€96k€5k▼
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Other amounts payable47/48€96k€0▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€50k
Other operating charges640/8€968€3k▲
Gross operating margin9900€-3k€5k▲
Operating profit (loss)9901€-4k€-48k▼
Financial income75/76B€26k€1k▼
Recurring financial income75€26k€1k▼
Financial charges65/66B€266€13k▲
Recurring financial charges65€266€13k▲
Profit (loss) for the period before taxes9903€22k€-59k▼
Transfer from deferred taxes780-€3k
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€18k€-56k▼
Transfer from tax-exempt reserves789-€10k
Profit (loss) for the period to be appropriated9905€18k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€225k€178k▼
Profit (loss) brought forward from the previous period14P€207k€225k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect13 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect13 facts ▸
- Merger, fusion par absorption
- Dissolution, sans liquidation
- Accounting effect, 2025-10-01
- Permanent representative, SCHIPANI Dario
- Permanent representative, SCHIPANI Livio
- Real estate, Immeuble 'Résidence NERVI', Groenstraat 120/122, Maasmechelen (section A 885/A/P0000), comprenant appartement A 3.2, parkings P.1, P.6, P.7, et local de rangeme…
- Real estate, Immeuble 'Residentie Brethof 2', Collegelaan 6-10 et Weg naar As 193, Genk (section B 0050/X20/P0000), comprenant appartement duplex 3.7, parking 10, cave 7, ca…
- Real estate, Maison d'habitation avec terrain, Marcel Habetslaan 5, Genk (section A 32/Z15/P0000).
- Real estate, Maison d'habitation avec terrain, Haagstraat 39, Dilsen-Stokkem (section B 986/H/P0000).
- Share issue, 272
- Ownership, 100 %
- Share issue, aucune nouvelle action
- +1 further facts in this act
24-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-12
Financial
Liquidity times 12current ratio 261.64
Current ratio from 21.98 to 261.64; short-term debt falls from €96k to €5k.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 18.12
Current ratio from 6.94 to 18.12; short-term debt falls from €209k to €117k.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 6.94
Current ratio from 2.50 to 6.94; short-term debt falls from €777k to €209k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €938k ▲71.4%
Operating result €1.27M, net result €938k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €547k
Net result €547k after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €-946k ▼396%
Net result drops to €-946k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 68 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:DARLIV INTERNATIONAL