IT-Source
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IT-Source has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,924 and a net result of €62,406. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 79% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 05-04-2012 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 2 others
- Establishment unit
- 2.209.537.462 9200 Dendermonde, since 04-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €93,216
- ▲ 124%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €62,406
- ▲ 137%
- Equity
- €185,924
- ▲ 50.5%
- Total assets
- €223,216
- ▲ 47.9%
Score breakdownlowers riskLiquidity: current ratio 6.04, cash €131,508Equity €185,924 (83.3% of total assets)Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €223,216Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 86% on liquidity, 82% on profitability and 79% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421567.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 14 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 128% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as IT-Source: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €196,000 and €227,000, founded between 2010 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| IT-Source Dendermonde | 2012 | €223,216 | €185,924 | €93,216 | €62,406 | 2025 |
| WHITE EM Evergem | 2012 | €208,206 | €137,917 | €89,576 | €19,896 | 2025 |
| SINCE11 Denderleeuw | 2011 | €212,551 | €197,148 | €98,924 | €68,017 | 2025 |
| HILLSOFT Gent | 2010 | €224,985 | €164,248 | €84,850 | €46,957 | 2025 |
| NBI Maldegem | 2014 | €227,225 | €61,532 | €103,148 | €58,521 | 2025 |
| DTCOM Orp-Jauche | 2013 | €213,632 | €191,445 | €85,122 | €16,501 | 2025 |
| Modern Digital Ottignies-Louvain-la-Neuve | 2012 | €196,128 | €139,546 | €90,084 | €47,998 | 2025 |
They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as IT-Source has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of IT-Source itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for IT-Source. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,395 | €11,395 | €11,395 | €789 | €1,080 | €1,324 | €1,199 | €1,434 | ▲ 19.7% |
| Other operating charges640/8 | - | - | - | €201 | €212 | €436 | €232 | €361 | ▲ 55.7% |
| Gross operating margin9900 | €18,499 | €33,261 | €25,902 | €24,733 | €37,003 | €28,351 | €41,547 | €93,216 | ▲ 124% |
| Operating profit (loss)9901 | €6,897 | €21,655 | €14,343 | €23,743 | €35,711 | €26,592 | €40,117 | €91,421 | ▲ 128% |
| Financial income75/76B | - | - | - | €1 | €0 | €2 | €10 | €10 | ▼ 2.0% |
| Recurring financial income75 | €1 | €0 | €205 | €1 | €0 | €2 | €10 | €10 | ▼ 2.0% |
| Financial charges65/66B | - | - | - | €117 | €85 | €226 | €115 | €115 | ▲ 0.2% |
| Recurring financial charges65 | €542 | €489 | €237 | €117 | €85 | €226 | €115 | €115 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €6,355 | €21,166 | €14,311 | €23,626 | €35,626 | €26,368 | €40,012 | €91,316 | ▲ 128% |
| Income taxes67/77 | €4,000 | €6,047 | €4,040 | €6,030 | €9,650 | €9,200 | €13,698 | €28,909 | ▲ 111% |
| Profit (loss) for the period9904 | €2,355 | €15,120 | €10,271 | €17,596 | €25,977 | €17,168 | €26,313 | €62,406 | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €2,355 | €15,120 | €10,271 | €17,596 | €25,977 | €17,168 | €26,313 | €62,406 | ▲ 137% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,486 | €75,873 | €81,125 | €83,258 | €119,257 | €124,642 | €150,899 | €223,216 | ▲ 47.9% |
| Fixed assets21/28 | €24,431 | €13,050 | €1,655 | €4,147 | €3,066 | €4,249 | €3,051 | €3,190 | ▲ 4.6% |
| Tangible fixed assets22/27 | €24,431 | €13,037 | €1,642 | €4,133 | €3,053 | €4,232 | €3,034 | €3,169 | ▲ 4.5% |
| Furniture and vehicles24 | - | - | - | - | - | €1,755 | €920 | €1,420 | ▲ 54.2% |
| Other tangible fixed assets26 | - | - | - | €4,133 | €3,053 | €2,477 | €2,113 | €1,749 | ▼ 17.2% |
| Financial fixed assets28 | - | €13 | €13 | €14 | €14 | €17 | €17 | €22 | ▲ 28.8% |
| Current assets29/58 | €41,055 | €62,823 | €79,469 | €79,112 | €116,190 | €120,393 | €147,849 | €220,026 | ▲ 48.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Other amounts receivable291 | - | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €25,839 | €40,421 | €43,957 | €43,784 | €35,086 | €41,263 | €58,833 | €71,884 | ▲ 22.2% |
| Trade receivables40 | - | - | - | €11,250 | €12,843 | €8,652 | €18,310 | €19,070 | ▲ 4.2% |
| Other amounts receivable41 | - | - | - | €32,534 | €22,243 | €32,611 | €40,523 | €52,813 | ▲ 30.3% |
| Cash at bank and in hand54/58 | €15,215 | €21,877 | €34,799 | €33,796 | €64,800 | €62,792 | €72,642 | €131,508 | ▲ 81.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,532 | €1,304 | €1,338 | €1,374 | €1,635 | ▲ 19.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,486 | €75,873 | €81,125 | €83,258 | €119,257 | €124,642 | €150,899 | €223,216 | ▲ 47.9% |
| Equity10/15 | €39,710 | €52,330 | €54,964 | €72,560 | €80,037 | €97,205 | €123,518 | €185,924 | ▲ 50.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €27,996 | €37,996 | €40,560 | €58,060 | €65,460 | €82,460 | €108,760 | €171,060 | ▲ 57.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €56,200 | €63,600 | €80,600 | €108,760 | €171,060 | ▲ 57.3% |
| Profit (loss) carried forward14 | €5,514 | €8,134 | €8,204 | €8,300 | €8,377 | €8,545 | €8,558 | €8,664 | ▲ 1.2% |
| Amounts payable17/49 | €25,776 | €23,543 | €26,160 | €10,698 | €39,220 | €27,437 | €27,381 | €37,292 | ▲ 36.2% |
| Amounts payable after more than one year17 | €14,919 | €6,441 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €10,007 | €16,252 | €25,310 | €9,848 | €38,370 | €26,587 | €26,531 | €36,442 | ▲ 37.4% |
| Trade debts44 | €372 | €3,169 | €2,360 | €1,706 | €5,652 | €6,015 | €7,931 | €5,038 | ▼ 36.5% |
| Suppliers440/4 | - | - | - | €1,706 | €5,652 | €6,015 | €7,931 | €5,038 | ▼ 36.5% |
| Taxes, remuneration and social security45 | - | - | - | €8,141 | €14,218 | €20,573 | €18,600 | €31,404 | ▲ 68.8% |
| Taxes450/3 | - | - | - | €8,141 | €14,218 | €20,573 | €18,600 | €31,404 | ▲ 68.8% |
| Other amounts payable47/48 | - | - | - | - | €18,500 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €850 | €850 | €850 | €850 | €850 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,355 | €15,120 | €10,271 | €17,596 | €25,977 | €17,168 | €26,313 | €62,406 | ▲ 137% |
| + Depreciation and write-downs630 | €11,395 | €11,395 | €11,395 | €789 | €1,080 | €1,324 | €1,199 | €1,434 | ▲ 19.7% |
| Operating cash flow (approximation) | €13,750 | €26,514 | €21,665 | €18,385 | €27,057 | €18,491 | €27,512 | €63,841 | ▲ 132% |
| Investment in fixed assets (approximation) | - | -€13 | €0 | -€3,280 | €0 | -€2,507 | €0 | -€1,574 | - |
| Change in cash | - | €6,661 | €12,922 | -€1,003 | €31,005 | -€2,009 | €9,851 | €58,865 | ▲ 498% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00421567 | NBB |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403413 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00390728 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00333834 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20342386 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-53300424 | |
| 31-12-2019 | micro format | 23-10-2020 | 2020-62600025 | |
| 31-12-2018 | micro format | 16-08-2019 | 2019-46700209 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48800078 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48000165 |
Board & ownership
Directors
Owners and capital
Shareholders
- L'ECLUSE Tom André Amanda 180 shares
- DESLOOVER Evelien Paula Agnes 6 shares
Capital transactions
- 09-10-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| L'ECLUSE Tom André Amanda |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Een of meer bestuurders, met of zonder beperking,zonder bepaling onbepaalde duur”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met WVV-vermeldingen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid verworven aantal, elke overdracht onder levenden ten bezwarende of kosteloze…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging”
Articles of association, deed of 09-10-2023 (in Dutch)
Network & group
IT-Source shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of IT-Source. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-10
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: L'ECLUSE Tom André Amanda (manager and director) · Appointment: L'ECLUSE Tom André Amanda (director) · Incorporation18 points ▸
- Incorporation, 04-04-2012
- Other provision, “statutenwijzigingen, nog niet gewijzigd” (deed in Dutch)
- General meeting, 25-09-2023
- L'ECLUSE Tom André Amanda holds 180 shares
- DESLOOVER Evelien Paula Agnes holds 6 shares
- Capital, mentioned 2 times in the deed
- Other provision, 06-09-2023
- Other provision, “aanpassing statuten aan WVV,omzetting kapitaal naar eigenvermogensrekening,schrapping onbeschikbare rekening, aanneming nieuwe versie statuten” (deed in Dutch)
- Board composition, L'ECLUSE Tom André Amanda (director)
- Other provision, “oproeping en quorum, geen commissaris benoemd” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- The act holds 6 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20257 activities
- Het verlenen van advies over soorten computers(hardware)en hun configuratie en toepassing van bijhorende programmatuur(software),analyseren van behoeften en problemen van gebruikers en het aanbieden van de beste oplossing.
- De activiteiten van studie,opleiding,organisatie-dienstverlening en raadgevend bureau inzake automatisering op alle niveaus,systeemanalyse en ontwerp,softwareanalyse en ontwerp,softwareontwikkeling,implementatie en onderhoud van softwaretoepassingen,telecommunicatie,informatieverwerking en dienstbureau voor derden,hardware en softwarepersoneel,het publiceren van artikels omtrent hardware en software.
- De aankoop en verkoop,import en export,verhuur,leasing en installatie van computer hardware en software en alle randapparatuur en toebehoren daarmee gepaard gaande alsmede het onderhoud ervan.
- De vennootschap kan tevens op rechtstreekse als op onrechtstreekse wijze deelnemen in andere vennootschappen,deelgenootschappen aangaan,leningen verstrekken en opnemen en verder alle ander verrichtingen als commissionair,makelaar en tussenpersoon in het algemeen,financiële verrichtingen stellen,die op directe of indirecte wijze met deze doelstelling verbonden zijn of deze doelstelling kunnen helpen verwezenlijken.
- De vennootschap kan eveneens bij wijze van inbreng,fusie,inschrijving of op één of andere wijze,deelnemen in elke onderneming,vereniging of vennootschap met een gelijkaardige of analoge doelstelling.
- De vennootschap kan tevens als bestuurder zitting houden in de raad van bestuur van om het even welke vennootschap.
- Zij kan eveneens dienstverlenende activiteiten van financiële,commerciële,technische,administratieve en sociale aard verrichten.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42001B0106/00Z002 | Flanders | 227 m² | 1 · 102 m² | 11.0 m · 3 |