IT-SYSTEMES
ActiveSummary
IT-SYSTEMES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228,148 and a net result of €75,010. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+14
Solvency74▲+20
Growth75=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.3 in 2024; short-term debt: 51.3% and cash: 18.2% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.7%
Return on assets
16%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
258 d late
2023
140 d late
2022
93 d late
2021
135 d late
2020
150 d late
2019
124 d late
← 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 124 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 December (4 of the last 5 filed years within 123 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.1m▲ 14.7%
2022 · €946,726
EBIT margin
1.1%▼ 0.2pp
2022 · 1.4%
Net result
€75,010▲ 187%
2024 · €26,096
Working capital
€219,274▲ 92.6%
2024 · €113,822
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€885,360▲ 3.9%€946,726▲ 6.9%€1.1m▲ 14.7%
Operating result€7,244▼ 52.1%€12,889▲ 77.9%€12,251▼ 4.9%€35,131▲ 187%€121,613▲ 246%
Net result€22,673within the sector's middle half▲ 22.0%€18,675within the sector's middle half▼ 17.6%€26,259above the sector's middle half▲ 40.6%€26,096within the sector's middle half▼ 0.6%€75,010within the sector's middle half▲ 187%
EBIT margin0.8%▼ 1.0pp1.4%▲ 0.5pp1.1%▼ 0.2pp
Equity€82,150within the sector's middle half▲ 4.2%€100,825within the sector's middle half▲ 22.7%€127,086within the sector's middle half▲ 26.0%€153,138below the sector's middle half▲ 20.5%€228,148within the sector's middle half▲ 49.0%
Total assets€271,288within the sector's middle half▼ 1.8%€243,360within the sector's middle half▼ 10.3%€327,630within the sector's middle half▲ 34.6%€530,111below the sector's middle half▲ 61.8%€468,672within the sector's middle half▼ 11.6%
Debt€189,138▼ 4.1%€142,535▼ 24.6%€200,544▲ 40.7%€376,972▲ 88.0%€240,524▼ 36.2%
Working capital€78,550within the sector's middle half▲ 4.4%€97,225within the sector's middle half▲ 23.8%€123,486above the sector's middle half▲ 27.0%€113,822within the sector's middle half▼ 7.8%€219,274within the sector's middle half▲ 92.6%
Solvency30.3%within the sector's middle half▲ 1.7pp41.4%within the sector's middle half▲ 11.1pp38.8%within the sector's middle half▼ 2.6pp28.9%within the sector's middle half▼ 9.9pp48.7%within the sector's middle half▲ 19.8pp
Current ratio1.42within the sector's middle half▲ 0.031.68within the sector's middle half▲ 0.271.62within the sector's middle half▼ 0.071.30within the sector's middle half▼ 0.311.91within the sector's middle half▲ 0.61
Return on assets (ROA)8.4%within the sector's middle half▲ 1.6pp7.7%within the sector's middle half▼ 0.7pp8.0%within the sector's middle half▲ 0.3pp4.9%within the sector's middle half▼ 3.1pp16.0%above the sector's middle half▲ 11.1pp
Staff (FTE)7.9within the sector's middle half8.2above the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 246% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €468,672
Fixed assets
€8,910 ▼ 77.3%
Current assets
€459,763 ▼ 6.3%
Equity and liabilities €468,672
Equity
€228,148 ▲ 49.0%
Debt
€240,524 ▼ 36.2%
Debt's share of the balance-sheet total falls from 71.1% to 51.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122,391▲
2024 · €36,712
Cash flow
€75,788▲
2024 · €27,676
Quick ratio
1.63▲
2024 · 1.10
Debt to equity
1.05▼
2024 · 2.46
ROE
32.9%▲
2024 · 17.0%
Interest coverage
48.12▲
2024 · 19.40
Debt ≤ 1 year
€240,489▼
2024 · €376,972
Income taxes
€44,309▲
2024 · €17,013
Staff costs
€260,641▲
2024 · €235,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €885,360 | €946,726 | €1.1m | - | - | - |
| Non-recurring operating income76A | - | €34,669 | €9,852 | €2,157 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €762,613 | €803,445 | €862,343 | - | - | - |
| Remuneration, social security and pensions62 | €114,596 | €164,541 | €218,729 | €235,434 | €260,641 | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,581 | €778 | ▼ 50.8% |
| Other operating charges640/8 | €844 | €520 | €2,758 | €23,181 | €5,172 | ▼ 77.7% |
| Gross operating margin9900 | €122,684 | €177,950 | €233,738 | €295,326 | €388,204 | ▲ 31.4% |
| Operating profit (loss)9901 | €7,244 | €12,889 | €12,251 | €35,131 | €121,613 | ▲ 246% |
| Financial income75/76B | €22,523 | €13,785 | €21,173 | €9,870 | €249 | ▼ 97.5% |
| Recurring financial income75 | €22,523 | €13,785 | €21,173 | €9,870 | €249 | ▼ 97.5% |
| Financial charges65/66B | €2,934 | €968 | €1,733 | €1,893 | €2,543 | ▲ 34.4% |
| Recurring financial charges65 | €2,934 | €968 | €1,733 | €1,893 | €2,543 | ▲ 34.4% |
| Non-recurring financial charges66B | - | - | €1,733 | - | - | - |
| Profit (loss) for the period before taxes9903 | €26,833 | €25,706 | €31,691 | €43,109 | €119,319 | ▲ 177% |
| Income taxes67/77 | €4,160 | €7,031 | €5,432 | €17,013 | €44,309 | ▲ 160% |
| Profit (loss) for the period9904 | €22,673 | €18,675 | €26,259 | €26,096 | €75,010 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €22,673 | €18,675 | €26,259 | €26,096 | €75,010 | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,288 | €243,360 | €327,630 | €530,111 | €468,672 | ▼ 11.6% |
| Fixed assets21/28 | €3,600 | €3,600 | €3,600 | €39,316 | €8,910 | ▼ 77.3% |
| Tangible fixed assets22/27 | - | - | - | €39,316 | €8,910 | ▼ 77.3% |
| Furniture and vehicles24 | - | - | - | - | €3,515 | - |
| Other tangible fixed assets26 | - | - | - | €39,316 | €5,394 | ▼ 86.3% |
| Financial fixed assets28 | €3,600 | €3,600 | €3,600 | - | - | - |
| Current assets29/58 | €267,688 | €239,760 | €324,030 | €490,795 | €459,763 | ▼ 6.3% |
| Stocks and contracts in progress3 | €26,540 | €86,608 | €128,785 | €76,212 | €66,887 | ▼ 12.2% |
| Stocks30/36 | €26,540 | €86,608 | €128,785 | €76,212 | €66,887 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €190,334 | €88,955 | €151,800 | €312,720 | €305,456 | ▼ 2.3% |
| Trade receivables40 | €89,466 | €56,553 | €111,788 | €292,487 | €231,974 | ▼ 20.7% |
| Other amounts receivable41 | €100,868 | €32,402 | €40,012 | €20,233 | €73,482 | ▲ 263% |
| Cash at bank and in hand54/58 | €50,814 | €64,197 | €43,445 | €101,863 | €85,279 | ▼ 16.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,140 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,288 | €243,360 | €327,630 | €530,111 | €468,672 | ▼ 11.6% |
| Equity10/15 | €82,150 | €100,825 | €127,086 | €153,138 | €228,148 | ▲ 49.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €76,870 | ▲ 4,033% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €75,010 | - |
| Profit (loss) carried forward14 | €61,690 | €80,365 | €106,626 | €132,678 | €132,678 | = |
| Amounts payable17/49 | €189,138 | €142,535 | €200,544 | €376,972 | €240,524 | ▼ 36.2% |
| Amounts payable within one year42/48 | €189,138 | €142,535 | €200,544 | €376,972 | €240,489 | ▼ 36.2% |
| Trade debts44 | €160,798 | €93,371 | €147,013 | €266,285 | €118,429 | ▼ 55.5% |
| Suppliers440/4 | €160,798 | €93,371 | €147,013 | €266,285 | €118,429 | ▼ 55.5% |
| Taxes, remuneration and social security45 | €28,340 | €41,384 | €53,531 | €84,481 | €122,060 | ▲ 44.5% |
| Taxes450/3 | €5,032 | €3,403 | €3,363 | €36,759 | €91,576 | ▲ 149% |
| Remuneration and social security454/9 | €23,308 | €37,981 | €50,168 | €47,722 | €30,483 | ▼ 36.1% |
| Other amounts payable47/48 | - | €7,780 | - | €26,207 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €35 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,673 | €18,675 | €26,259 | €26,096 | €75,010 | ▲ 187% |
| + Depreciation and write-downs630 | - | - | - | €1,581 | €778 | ▼ 50.8% |
| Operating cash flow (approximation) | €22,673 | €18,675 | €26,259 | €27,676 | €75,788 | ▲ 174% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€37,297 | €29,629 | ▲ 179% |
| Change in cash | - | €13,383 | -€20,752 | €58,418 | -€16,584 | ▼ 128% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 258 days late
2025
31-12
Financial
Highest result since 2018net €75,010 ▲187%
Operating result €121,613, net result €75,010, both a record.
31-12
Financial
Equity above €200,000Eq €228,148 ▲49%
8 profitable years in a row build equity to €228,148.
2024
31-12
Financial
Equity above €150,000Eq €153,138 ▲20.5%
7 profitable years in a row build equity to €153,138.
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 93 days late
2022
31-12
Financial
Equity above €100,000Eq €100,825 ▲22.7%
5 profitable years in a row build equity to €100,825.
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 120 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Verviers · 1 establishment unit since 2008
Ground area
153 m²
Building footprint
95 m²
Volume, LiDAR
1,241 m³
Parcel 63079A0765/00P007, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IT-SYSTEMES
since 20082.172.384.086
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A0765/00P007 | Wallonia | 153 m² | 1 · 95 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
2549005H0L2TTZNV1V09
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,408. 1,074 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
Founded14-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897899504
Also
9925:BE0897899504
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.