Financials
- Financial year
- 2025
- Turnover
- €373,528
- Profit
- €180,696
- Solvency
- -9.5%
Turnover▼ 32.3%
Net result
20232025
IT - SPIN OFF
Judicial reorganisationSummary
The file of IT - SPIN OFF contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€253,315) and a net result of €180,696. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 14% of 1,677 sector peers (NACE 62, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 23 December 2019
- Track
- Reorganisation by collective agreement
- Docket number
- 20190034
- Moratorium until
- 12 September 2020 (passed; an extension would be in a later judgment)
- Creditors' vote
- 20 April 2020
- Delegated judge
- Nadine Scoyez
- Official Gazette
- 02-01-2020 (pdf) ↗
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Computer consultancy and computer facilities management
NACE 62200Other software publishing NACE 58290
1 site
Size
€373,528turnover 2025
- Equity
- -€253,315
- Profit
- €180,696
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Holdings
- 3
- TM DIFFUSIONDirector · permanent representative Michel Hemberg
2025 accounts 25 days early5 of 11 deeds summarised
Signalsraises riskWeak solvency vs sectorIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency
16+7
equity -9.5% of total assets
Liquidity
51-1
short-term debt 1.8% · cash 0.7%
Profitability
85-1
return on assets 6.8%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 5.08, compared with 1.93 in 2024, above the usual 1.5; short-term debt: 1.8% and cash: 0.7% of total assets), but equity is negative.
Signals
Three signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1677 sector peers (2025).
NBB · sector comparisonPosition among 1677 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
31 days early
2023
41 days early
2022
46 days early
2021
32 days late
2020
51 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · RestructuringIncorporation · Registered-office move ·…
- RestructuringMerger
Key points
- Risk: In judicial reorganisationtrustee not known 23-12-2019 View
- Risk: Negative equityfinancial year 2025: debts exceed assets -€253,315 View
- Caution: Among the weakest 10% on equitysector median €430,967 · 1,677 companies -€253,315 View
- 2 restructurings in 2026latest: merger with HI 2 View
- Caution: Turnover fell in 2025from €551,836 to €373,528 ▼ 32.3% View
- Positive: 6 profitable years in a rowprofit 2025: €180,696 6 years View
- Heads a groupcompanies controlled · known shareholders 100% 3 View
- Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
By topic
Board & ownership
- Board
- 1 member
- Known shareholders
- 100%
- TM DIFFUSIONDirector
Network & group
- Subsidiaries
- 3
- Mergers and asset contributions
- 2
3 subsidiaries
Timeline
- Events
- 37
- Since
- 2001
- Next accounts
- by 31-07-2027
- 31-12-2025Liquidity more than doubled
- 30-06-2025Annual accounts filed
- 31-12-2024Liquidity more than 11 times
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Founded
- 19-07-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 28
- Annual meeting
- Last Friday of June at 08:30
- Purpose
- “L'audit, le contrôle et l'assurance qualité, l'intermédiaire commercial, la gestion en bon…” (deed in French)
Key facts about IT - SPIN OFF
- What is the company number of IT - SPIN OFF?
- 0466.573.562. In Belgium the VAT number is the company number with BE in front: BE 0466.573.562.
- Where is IT - SPIN OFF based?
- The registered office is at Rue Jean Jaurès 5, 7190 Ecaussinnes.Company details
- What does IT - SPIN OFF do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of IT - SPIN OFF?
- Public limited company (NV).
- When was IT - SPIN OFF founded?
- On 19-07-1999.
- Is IT - SPIN OFF still active?
- Yes, IT - SPIN OFF is in the KBO register. A judicial reorganisation is running.
- How many employees does IT - SPIN OFF have?
- On average 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of IT - SPIN OFF?
- €373,528 in financial year 2025, according to the filed annual accounts.
- Is IT - SPIN OFF profitable?
- In financial year 2025, IT - SPIN OFF made a profit of €180,696.
- Where can I find the annual accounts of IT - SPIN OFF?
- IT - SPIN OFF filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IT - SPIN OFF due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to IT - SPIN OFF
Subsidiaries and holdings
Comparable companies
- ERCASoftEcaussinnes
- FLEXALISEcaussinnes
- ITRA SystemsEcaussinnes
- LISAM SYSTEMSEcaussinnes
- MAZAMEcaussinnes
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date How is this company connected to another party?Network investigator Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the computer consultancy and computer facilities management sector doing?Sector figures
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