IT ChenCorp
ActiveSummary
IT ChenCorp has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €446k and a net result of €180k. Equity is growing by ~104.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency99▲+6
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 1.45 in 2023; short-term debt: 25.7% and cash: 1% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.3%
Return on assets
30%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
30 d late
2022
248 d late
2021
613 d late
2020
977 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Turnover
€309k▼ 2.8%
2023 · €318k
EBIT margin
77.1%▲ 12.4pp
2023 · 64.7%
Net result
€180k▲ 13.0%
2023 · €159k
Working capital
€230k▲ 317%
2023 · €55k
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
Turnover€238k€318k▲ 33.9%€309k▼ 2.8%
Operating result€19k€104k▲ 445%€75k▼ 28.3%€206k▲ 175%€238k▲ 15.9%
Net result€15k€85k▲ 463%€70k▼ 17.8%€159k▲ 129%€180k▲ 13.0%
EBIT margin31.5%64.7%▲ 33.2pp77.1%▲ 12.4pp
Equity€17k▲ 753%€77k▲ 351%€107k▲ 38.7%€266k▲ 150%€446k▲ 67.7%
Total assets€68k▲ 140%€172k▲ 153%€209k▲ 21.0%€390k▲ 86.8%€600k▲ 54.0%
Debt€50k▲ 99.7%€96k▲ 92.2%€102k▲ 6.8%€124k▲ 21.2%€154k▲ 24.5%
Working capital€17k▲ 398%€-25k€-39▲ 99.8%€55k€230k▲ 317%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 16% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €600k
Fixed assets
€216k ▲ 2.7%
Current assets
€384k ▲ 115%
Equity and liabilities €600k
Equity
€446k ▲ 67.7%
Debt
€154k ▲ 24.5%
Debt's share of the balance-sheet total falls from 31.7% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€243k▲
2023 · €208k
Cash flow
€185k▲
2023 · €162k
Current ratio
2.49▲
2023 · 1.45
Debt to equity
0.35▼
2023 · 0.46
ROE
40.4%▼
2023 · 59.9%
ROA
30.0%▼
2023 · 40.9%
Interest coverage
97.24▲
2023 · 88.19
Debt ≤ 1 year
€154k▲
2023 · €124k
Income taxes
€68k▲
2023 · €44k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €238k | €318k | €309k | ▼ 2.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €188k | €123k | €79k | ▼ 35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €221 | €444 | €1k | €2k | €5k | ▲ 117% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | €-2k | - | - | - | - |
| Other operating charges640/8 | €348 | €2k | €348 | €620 | €387 | ▼ 37.6% |
| Gross operating margin9900 | €20k | €105k | €76k | €208k | €243k | ▲ 16.7% |
| Operating profit (loss)9901 | €19k | €104k | €75k | €206k | €238k | ▲ 15.9% |
| Financial income75/76B | €12 | - | €7k | €16 | €12k | ▲ 77,253% |
| Recurring financial income75 | €12 | - | €2k | €16 | €12k | ▲ 77,253% |
| Non-recurring financial income76B | - | - | €5k | - | - | - |
| Financial charges65/66B | €213 | €1k | €652 | €2k | €2k | ▲ 6.0% |
| Recurring financial charges65 | €213 | €1k | €652 | €2k | €2k | ▲ 6.0% |
| Profit (loss) for the period before taxes9903 | €19k | €103k | €81k | €203k | €248k | ▲ 22.1% |
| Income taxes67/77 | €4k | €18k | €11k | €44k | €68k | ▲ 55.2% |
| Profit (loss) for the period9904 | €15k | €85k | €70k | €159k | €180k | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €15k | €85k | €70k | €159k | €180k | ▲ 13.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €172k | €209k | €390k | €600k | ▲ 54.0% |
| Fixed assets21/28 | €1k | €102k | €107k | €211k | €216k | ▲ 2.7% |
| Tangible fixed assets22/27 | €1k | €102k | €107k | €211k | €216k | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | €6k | €10k | €16k | ▲ 65.8% |
| Furniture and vehicles24 | €1k | €2k | €974 | €1k | €431 | ▼ 63.3% |
| Assets under construction and advance payments27 | - | €100k | €100k | €200k | €200k | = |
| Current assets29/58 | €67k | €71k | €102k | €179k | €384k | ▲ 115% |
| Amounts receivable within one year40/41 | €58k | €57k | €83k | €169k | €378k | ▲ 124% |
| Trade receivables40 | €48k | €28k | €23k | €61k | €65k | ▲ 6.9% |
| Other amounts receivable41 | €10k | €29k | €59k | €108k | €313k | ▲ 190% |
| Cash at bank and in hand54/58 | €9k | €13k | €19k | €10k | €6k | ▼ 42.7% |
| Deferred charges and accrued income490/1 | €25 | €61 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €172k | €209k | €390k | €600k | ▲ 54.0% |
| Equity10/15 | €17k | €77k | €107k | €266k | €446k | ▲ 67.7% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €18k | €18k | €18k | €18k | €18k | = |
| Non-distributable reserves130/1 | €18k | €18k | €18k | €18k | €18k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | €17k | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €-3k | €56k | €86k | €246k | €426k | ▲ 73.3% |
| Provisions and deferred taxes16 | €2k | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €2k | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €2k | €0 | - | - | - | - |
| Amounts payable17/49 | €50k | €96k | €102k | €124k | €154k | ▲ 24.5% |
| Amounts payable within one year42/48 | €50k | €96k | €102k | €124k | €154k | ▲ 24.5% |
| Trade debts44 | €17k | €23k | €10k | €17k | €37k | ▲ 121% |
| Suppliers440/4 | €17k | €23k | €10k | €17k | €37k | ▲ 121% |
| Taxes, remuneration and social security45 | €32k | €48k | €52k | €67k | €117k | ▲ 74.7% |
| Taxes450/3 | €32k | €48k | €52k | €67k | €117k | ▲ 74.7% |
| Remuneration and social security454/9 | €0 | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €0 | €25k | €40k | €40k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €85k | €70k | €159k | €180k | ▲ 13.0% |
| + Depreciation and write-downs630 | €221 | €444 | €1k | €2k | €5k | ▲ 117% |
| Operating cash flow (approximation) | €15k | €85k | €71k | €162k | €185k | ▲ 14.3% |
| Investment in fixed assets (approximation) | - | €-101k | €-6k | €-106k | €-10k | ▲ 90.5% |
| Change in cash | - | €4k | €6k | €-9k | €-4k | ▲ 54.6% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €180k ▲13%
Operating result €238k, net result €180k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 248 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 613 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 977 days late
2023
31-12
Financial
Equity above €200kEq €266k ▲150%
4 profitable years in a row build equity to €266k.
2022
31-12
Financial
Equity above €100kEq €107k ▲38.7%
3 profitable years in a row build equity to €107k.
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Dilbeek · 1 establishment unit since 2016
Ground area
1,966 m²
Building footprint
243 m²
Volume, LiDAR
1,851 m³
2 parcels, Brussels, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IT ChenCorp
since 20162.248.566.205
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0302/00R000 | Flanders | 1,863 m² | 1 · 153 m² | 8.3 m · 2 fl. |
| 21522B0619/00M005 | Brussels | 103 m² | 1 · 90 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
SKA CONSULTANTS
BE 0457.041.630
Brasschaat · Eq €445,840
N.F.DEVELOPMENT
BE 0761.448.614
Pont-à-Celles · Eq €445,767
PITCHDRIVE
BE 0703.977.104
Antwerpen · Eq €446,522
Simple Group
BE 0715.800.612
Verviers · Eq €446,638
INFORMATION AND COMPUTER SOLUTIONS
BE 0475.801.430
Tessenderlo-Ham · Eq €447,088
Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 5,654 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
Founded30-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.