IT's Vulsteke
ActiveIT's Vulsteke has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €-87k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-96
Solvency24▼-66
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.88 in 2024), and 86% 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 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
14%
Return on assets
-20.1%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 16932 sector peers (2025).
NBB · sector comparisonPosition among 16932 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
28 d late
2023
8 d early
2022
5 d early
2021
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 59.0%
2024 · €148k
2021: €67k
2022: €99k
2023: €119k
2024: €148k
2021 → 2025
Total assets
€432k▲ 40.2%
2024 · €308k
2021: €75k
2022: €117k
2023: €141k
2024: €308k
2021 → 2025
Net result
€-87k
2024 · €28k
2021: €57k
2022: €32k
2023: €21k
2024: €28k
2021 → 2025
Working capital
€59k▼ 58.0%
2024 · €141k
2021: €46k
2022: €80k
2023: €106k
2024: €141k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€99k▲ 48.2%€119k▲ 20.8%€148k▲ 23.8%€61k▼ 59.0%
Operating result€73k-€42k▼ 42.2%€28k▼ 33.6%€41k▲ 45.6%€-86k
Net result€57k-€32k▼ 43.2%€21k▼ 36.1%€28k▲ 38.4%€-87k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €86k after €41k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432k
Fixed assets
€2k▼ 78.2%
Current assets
€431k▲ 43.0%
Equity and liabilities €432k
Equity
€61k▼ 59.0%
Debt
€372k▲ 131%
The debt ratio rises from 52.1% to 86.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-80k▼
2024 · €46k
Cash flow
€-82k▼
2024 · €34k
Solvency
14.0%▼
2024 · 47.9%
Current ratio
1.16▼
2024 · 1.88
Quick ratio
1.16▼
2024 · 1.88
Debt / equity
6.14▲
2024 · 1.09
ROE
-143.7%▼
2024 · 19.2%
ROA
-20.1%▼
2024 · 9.2%
Interest coverage
-91.62▼
2024 · 353.89
Debt
€372k▲
2024 · €161k
Debt ≤ 1 year
€372k▲
2024 · €161k
Income taxes
€437▼
2024 · €14k
Staff costs
€270k▲
2024 · €81k
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€308k€432k▲
Fixed assets21/28€7k€2k▼
Tangible fixed assets22/27€7k€2k▼
Furniture and vehicles24€7k€2k▼
Financial fixed assets28€0-
Current assets29/58€301k€431k▲
Amounts receivable within one year40/41€200k€316k▲
Trade receivables40€200k€307k▲
Other amounts receivable41€275€10k▲
Current investments50/53€58k€58k=
Cash at bank and in hand54/58€43k€56k▲
Deferred charges and accrued income490/1€871€853▼
Equity and liabilities
Total equity and liabilities10/49€308k€432k▲
Equity10/15€148k€61k▼
Contributions10/11€10k€10k=
Reserves13€138k€45k▼
Distributable reserves133€138k€45k▼
Profit (loss) carried forward14€83€6k▲
Amounts payable17/49€161k€372k▲
Amounts payable within one year42/48€161k€372k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€115k€298k▲
Suppliers440/4€115k€298k▲
Taxes, remuneration and social security45€39k€67k▲
Taxes450/3€21k€20k▼
Remuneration and social security454/9€18k€47k▲
Other amounts payable47/48€7k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€81k€270k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€827€665▼
Gross operating margin9900€128k€190k▲
Operating profit (loss)9901€41k€-86k▼
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€131€876▲
Recurring financial charges65€131€876▲
Profit (loss) for the period before taxes9903€42k€-87k▼
Income taxes67/77€14k€437▼
Profit (loss) for the period9904€28k€-87k▼
Profit (loss) for the period to be appropriated9905€28k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-87k▼
Profit (loss) brought forward from the previous period14P€205€83▼
Transfer from equity791/2-€93k
Transfer to equity691/2€29k€0▼
To other reserves6921€29k€0▼
The notes to these accounts (6 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-87k ▼407%
Net result drops to €-87k, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €119k ▲20.8%
3 profitable years in a row build equity to €119k.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2020
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.
Spellewerkstraat 979030 GentGround area
225 m²
Building footprint
85 m²
Parcel 44038A0612/00N005, Flanders. Linked by address, not a title deed.
1 establishment unit
IT's Vulsteke
since 20202.311.674.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0612/00N005 | Flanders | 225 m² | 1 · 85 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
98450006GDCU57D0E962
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 15,411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2020
Fiscal year end30-09
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
41001General construction of residential buildings
43211General electrical installation work
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.