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IT APPLICATION CONCEPT

Active
Private limited companyfounded 200817 yrs activeKlipveldstraat 67, 1180 Ukkel, BelgiumKBO/BCE: BE 0807.351.982

IT APPLICATION CONCEPT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624k and a net result of €55k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
94 / 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-3
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 36.62 against 32.92 in 2024), and 2.6% 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+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
97.4%
Return on assets
8.5%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 17 years 0 20 y
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 filings
Deviation from the deadline
2025
13 d late
2024
15 d early
2023
29 d early
2022
27 d early
2021
34 d early
2020
5 d early
2019
2 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 months
Position in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€624k▲ 9.6%
2024 · €570k
2018: €272k 2019: €324k 2020: €367k 2021: €415k 2022: €463k 2023: €516k 2024: €570k
2018 → 2025
Total assets
€641k▲ 9.4%
2024 · €586k
2018: €283k 2019: €335k 2020: €380k 2021: €427k 2022: €478k 2023: €532k 2024: €586k
2018 → 2025
Net result
€55k▲ 2.8%
2024 · €53k
2018: €39k 2019: €52k 2020: €43k 2021: €48k 2022: €48k 2023: €54k 2024: €53k
2018 → 2025
Working capital
€587k▲ 12.9%
2024 · €519k
2018: €271k 2019: €323k 2020: €359k 2021: €408k 2022: €459k 2023: €514k 2024: €519k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€415k-€463k▲ 11.6%€516k▲ 11.6%€570k▲ 10.3%€624k▲ 9.6%
Operating result€68k-€66k▼ 2.9%€74k▲ 11.7%€73k▼ 1.0%€74k▲ 0.4%
Net result€48k-€48k▲ 0.7%€54k▲ 11.3%€53k▼ 0.8%€55k▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40k€60k€80kOperating result 2021: €68k€68kNet result 2021: €48k€48kOperating result 2022: €66k€66kNet result 2022: €48k€48kOperating result 2023: €74k€74kNet result 2023: €54k€54kOperating result 2024: €73k€73kNet result 2024: €53k€53kOperating result 2025: €74k€74kNet result 2025: €55k€55k20212022202320242025
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €641k
Fixed assets €38k▼ 24.5%
Current assets €603k▲ 12.5%
Equity and liabilities €641k
Equity €624k▲ 9.6%
Debt €16k▲ 1.2%
The debt ratio falls from 2.8% to 2.6%: equity grows faster than debt.
Key figures and ratios
2025 value · change against 2024
EBITDA
€86k
2024 · €85k
Cash flow
€67k
2024 · €65k
Solvency
97.4%
2024 · 97.2%
Current ratio
36.62
2024 · 32.92
Quick ratio
36.62
2024 · 32.92
Debt / equity
0.03
2024 · 0.03
ROE
8.8%
2024 · 9.3%
ROA
8.5%
2024 · 9.1%
Interest coverage
1303.09
2024 · 305.25
Debt
€16k
2024 · €16k
Debt ≤ 1 year
€16k
2024 · €16k
Income taxes
€21k
2024 · €20k
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€586k€641k
Fixed assets21/28€50k€38k
Tangible fixed assets22/27€49k€37k
Furniture and vehicles24€49k€37k
Financial fixed assets28€1k€1k=
Current assets29/58€536k€603k
Amounts receivable within one year40/41€12k€14k
Trade receivables40€12k€14k
Current investments50/53€305k€305k=
Cash at bank and in hand54/58€218k€282k
Deferred charges and accrued income490/1€1k€2k
Equity and liabilities
Total equity and liabilities10/49€586k€641k
Equity10/15€570k€624k
Contributions10/11€12k€12k=
Reserves13€557k€612k
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€549k€603k
Profit (loss) carried forward14€1€1=
Amounts payable17/49€16k€16k
Amounts payable within one year42/48€16k€16k
Trade debts44€228€236
Suppliers440/4€228€236
Taxes, remuneration and social security45€13k€14k
Taxes450/3€13k€14k
Other amounts payable47/48€3k€3k=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k
Other operating charges640/8€387€400
Gross operating margin9900€86k€86k
Operating profit (loss)9901€73k€74k
Financial income75/76B€341€2k
Recurring financial income75€341€2k
Financial charges65/66B€280€66
Recurring financial charges65€280€66
Profit (loss) for the period before taxes9903€73k€75k
Income taxes67/77€20k€21k
Profit (loss) for the period9904€53k€55k
Profit (loss) for the period to be appropriated9905€53k€55k
Appropriation of the result
Profit (loss) to be appropriated9906€53k€55k
Profit (loss) brought forward from the previous period14P€1€1=
Transfer to equity691/2€53k€55k
To other reserves6921€53k€55k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial Highest result since 2018net €55k ▲2.8%
Net result €55k, the highest in the series.
16-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €500kEq €516k ▲11.6%
6 profitable years in a row build equity to €516k.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
13-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
26-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ukkel · 1 establishment unit since 2008
establishment The establishment unit on the map
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.

Klipveldstraat 671180 Ukkel
Ground area
125 m²
Building footprint
60 m²
Volume, LiDAR
492 m³
Parcel 21614E0050/00G007, Brussels · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IT Application Concept
Klipveldstraat 67, 1180 UkkelComputer programming, consultancy and related activities
since 20082.174.017.943
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21614E0050/00G007 Brussels 125 m² 1 · 59 m² 11.3 m · 3 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

Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 5,081 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded24-10-2008
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.