I2-Tech
ActiveSummary
The computed 12-month bankruptcy probability of I2-Tech is 2.4% (moderate). The 2024 annual accounts show negative equity (-€28,097) and a net result of -€21,627. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5998 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.84 in 2023; short-term debt: 192.3% and cash: 8.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-92.3%
Return on assets
-71%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€28,097
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
on the day
2022
27 d early
2021
11 d early
2020
47 d late
2019
141 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€21,627▲ 57.4%
2023 · -€50,793
Working capital
-€40,043▼ 93.7%
2023 · -€20,675
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
Operating result€61,321▲ 2,772%€43,287▼ 29.4%€19,399▼ 55.2%-€48,777-€21,082▲ 56.8%
Net result€41,024▲ 7,386%€34,165▼ 16.7%€13,858▼ 59.4%-€50,793-€21,627▲ 57.4%
Equity€37,300€44,465▲ 19.2%€44,323▼ 0.3%-€6,470-€28,097▼ 334%
Total assets€71,768▼ 5.1%€183,865▲ 156%€131,043▼ 28.7%€122,928▼ 6.2%€30,443▼ 75.2%
Debt€34,468▼ 56.5%€139,400▲ 304%€86,720▼ 37.8%€129,398▲ 49.2%€58,540▼ 54.8%
Working capital€29,718€35,868▲ 20.7%€32,033▼ 10.7%-€20,675-€40,043▼ 93.7%
Staff (FTE)1.3▲ 117%1.8▲ 38.5%1.3▼ 27.8%0.3▼ 76.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,082 in 2024 against €48,777 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,443
Fixed assets
€11,946 ▼ 15.9%
Current assets
€18,497 ▼ 83.0%
Key figures and ratios
EBITDA
-€16,292▲
2023 · -€43,227
Cash flow
-€16,837▲
2023 · -€45,243
Solvency
-92.3%▼
2023 · -5.3%
Current ratio
0.32▼
2023 · 0.84
Quick ratio
0.25▼
2023 · 0.62
Debt to equity
-2.08▲
2023 · -20.00
ROA
-71.0%▼
2023 · -41.3%
Interest coverage
-27.34▲
2023 · -27.83
Debt ≤ 1 year
€58,540▼
2023 · €129,398
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €414 | €336 | €245 | ▼ 27.1% |
| Remuneration, social security and pensions62 | - | €48,426 | €26,343 | €7,432 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,866 | €3,172 | €3,802 | €5,550 | €4,790 | ▼ 13.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€2,002 | - | - | - | - |
| Other operating charges640/8 | - | €427 | €1,501 | €3,277 | €56 | ▼ 98.3% |
| Gross operating margin9900 | €95,345 | €93,310 | €51,045 | -€32,518 | -€16,236 | ▲ 50.1% |
| Operating profit (loss)9901 | €61,321 | €43,287 | €19,399 | -€48,777 | -€21,082 | ▲ 56.8% |
| Financial income75/76B | - | €4 | €27 | €23 | €51 | ▲ 122% |
| Recurring financial income75 | €5 | €4 | €27 | €23 | €51 | ▲ 122% |
| Financial charges65/66B | - | €1,239 | €1,353 | €1,553 | €596 | ▼ 61.6% |
| Recurring financial charges65 | €998 | €1,239 | €1,353 | €1,553 | €596 | ▼ 61.6% |
| Profit (loss) for the period before taxes9903 | €60,328 | €42,052 | €18,073 | -€50,307 | -€21,627 | ▲ 57.0% |
| Income taxes67/77 | €19,304 | €7,887 | €4,215 | €486 | - | - |
| Profit (loss) for the period9904 | €41,024 | €34,165 | €13,858 | -€50,793 | -€21,627 | ▲ 57.4% |
| Profit (loss) for the period to be appropriated9905 | €41,024 | €34,165 | €13,858 | -€50,793 | -€21,627 | ▲ 57.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,768 | €183,865 | €131,043 | €122,928 | €30,443 | ▼ 75.2% |
| Fixed assets21/28 | €7,582 | €8,597 | €12,290 | €14,205 | €11,946 | ▼ 15.9% |
| Tangible fixed assets22/27 | €7,269 | €8,284 | €11,977 | €13,892 | €11,633 | ▼ 16.3% |
| Land and buildings22 | - | - | - | €3,499 | €2,626 | ▼ 24.9% |
| Plant, machinery and equipment23 | - | €4,418 | €9,739 | €8,037 | €5,215 | ▼ 35.1% |
| Furniture and vehicles24 | - | €1,831 | €1,220 | €2,356 | €3,792 | ▲ 61.0% |
| Other tangible fixed assets26 | - | €2,035 | €1,018 | - | - | - |
| Financial fixed assets28 | €313 | €313 | €313 | €313 | €313 | = |
| Current assets29/58 | €64,186 | €175,268 | €118,753 | €108,723 | €18,497 | ▼ 83.0% |
| Stocks and contracts in progress3 | €131 | €22,484 | €8,373 | €28,772 | €3,790 | ▼ 86.8% |
| Stocks30/36 | - | €22,484 | €8,373 | €28,772 | €3,790 | ▼ 86.8% |
| Amounts receivable within one year40/41 | €8,073 | €40,199 | €51,196 | €78,862 | €12,048 | ▼ 84.7% |
| Trade receivables40 | - | €34,006 | €43,689 | €71,881 | €11,906 | ▼ 83.4% |
| Other amounts receivable41 | - | €6,193 | €7,507 | €6,981 | €142 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €55,982 | €112,585 | €59,184 | €1,089 | €2,659 | ▲ 144% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,768 | €183,865 | €131,043 | €122,928 | €30,443 | ▼ 75.2% |
| Equity10/15 | €37,300 | €44,465 | €44,323 | -€6,470 | -€28,097 | ▼ 334% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €25,371 | €25,371 | €25,371 | €25,371 | €25,371 | = |
| Non-distributable reserves130/1 | - | €371 | €371 | €371 | €371 | = |
| Reserves not available under the articles1311 | - | €371 | €371 | €371 | €371 | = |
| Distributable reserves133 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€6,671 | €494 | €352 | -€50,441 | -€72,068 | ▼ 42.9% |
| Amounts payable17/49 | €34,468 | €139,400 | €86,720 | €129,398 | €58,540 | ▼ 54.8% |
| Amounts payable within one year42/48 | €34,468 | €139,400 | €86,720 | €129,398 | €58,540 | ▼ 54.8% |
| Current portion of amounts payable after more than one year42 | - | - | €11,200 | - | €12,166 | - |
| Trade debts44 | €7,931 | €56,100 | €38,709 | €77,440 | €6,889 | ▼ 91.1% |
| Suppliers440/4 | - | €56,100 | €38,709 | €77,440 | €6,889 | ▼ 91.1% |
| Taxes, remuneration and social security45 | - | €23,714 | €22,619 | €1,055 | €1,037 | ▼ 1.7% |
| Taxes450/3 | - | €19,488 | €19,803 | - | €1,037 | - |
| Remuneration and social security454/9 | - | €4,226 | €2,816 | €1,055 | - | - |
| Other amounts payable47/48 | - | €59,586 | €14,192 | €50,903 | €38,448 | ▼ 24.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,024 | €34,165 | €13,858 | -€50,793 | -€21,627 | ▲ 57.4% |
| + Depreciation and write-downs630 | €3,866 | €3,172 | €3,802 | €5,550 | €4,790 | ▼ 13.7% |
| Operating cash flow (approximation) | €44,890 | €37,337 | €17,660 | -€45,243 | -€16,837 | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | -€4,187 | -€7,495 | -€7,465 | -€2,531 | ▲ 66.1% |
| Change in cash | - | €56,603 | -€53,401 | -€58,095 | €1,570 | ▲ 103% |
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
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€50,793
Net result drops to -€50,793, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
31-12
Financial
Highest result since 2018net €41,024 ▲7,386%
Operating result €61,321, net result €41,024, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.81 to 1.86; short-term debt falls from €79,323 to €34,468.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 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, Evere · 1 establishment unit since 2009
Ground area
167 m²
Building footprint
139 m²
Volume, LiDAR
1,640 m³
Parcel 21372D0219/00F003, Brussels · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
I2-Tech
since 20092.176.637.636
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0219/00F003 | Brussels | 167 m² | 1 · 139 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.176.637.636
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Of 1,567 companies in sector 46900 we hold annual accounts for 919. 491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.