IT2B

Active

Private limited companyfounded 20187 yrs activePrinsenstraat 41, 3500 Hasselt, BelgiumKBO/BCE: BE 0711.952.878

IT2B has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 20792 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

73 / 100

Healthy▼ -10 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency27▼-53

Growth78=

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.11 against 1.85 in 2023), and 80.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

19.6%

Return on assets

29.8%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 20792 sector peers (2024).

NBB · sector comparison

Position among 20792 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

34 d early

2022

34 d early

2021

32 d early

2020

36 d early

2019

38 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€21k▼ 52.6%

2023 · €44k

2019: €18k 2020: €51k 2021: €99k 2022: €133k 2023: €44k

2019 → 2024

Total assets

€107k▼ 4.0%

2023 · €111k

2019: €39k 2020: €57k 2021: €103k 2022: €142k 2023: €111k

2019 → 2024

Net result

€32k▲ 2.4%

2023 · €31k

2019: €14k 2020: €34k 2021: €37k 2022: €36k 2023: €31k

2019 → 2024

Working capital

€7k▼ 76.3%

2023 · €29k

2019: €18k 2020: €50k 2021: €97k 2022: €119k 2023: €29k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€51k-€99k▲ 94.1%€133k▲ 34.6%€44k▼ 66.8%€21k▼ 52.6%

Operating result€44k-€47k▲ 5.9%€47k▼ 0.6%€39k▼ 17.1%€41k▲ 7.0%

Net result€34k-€37k▲ 8.7%€36k▼ 3.5%€31k▼ 13.6%€32k▲ 2.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 7% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €107k

35.3%

64.7%

Fixed assets €38k▼ 22.1%

Current assets €69k▲ 9.8%

Equity and liabilities €107k

19.6%

80.4%

Equity €21k▼ 52.6%

Debt €86k▲ 28.0%

The debt ratio rises from 60.3% to 80.4%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€53k▲

2023 · €48k

Cash flow

€44k▲

2023 · €40k

Solvency

19.6%▼

2023 · 39.7%

Current ratio

1.11▼

2023 · 1.85

Quick ratio

1.11▼

2023 · 1.85

Debt / equity

4.10▲

2023 · 1.52

ROE

151.8%▲

2023 · 70.2%

ROA

29.8%▲

2023 · 27.9%

Interest coverage

28.70▼

2023 · 29.32

Debt

€86k▲

2023 · €67k

Debt ≤ 1 year

€62k▲

2023 · €34k

Debt > 1 year

€24k▼

2023 · €33k

Income taxes

€8k▲

2023 · €8k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€111k€107k▼

Fixed assets21/28€48k€38k▼

Tangible fixed assets22/27€48k€38k▼

Furniture and vehicles24€48k€38k▼

Current assets29/58€63k€69k▲

Amounts receivable within one year40/41€11k€13k▲

Trade receivables40€10k€12k▲

Other amounts receivable41€969€969=

Current investments50/53€30k€26k▼

Cash at bank and in hand54/58€16k€23k▲

Deferred charges and accrued income490/1€6k€7k▲

Equity and liabilities

Total equity and liabilities10/49€111k€107k▼

Equity10/15€44k€21k▼

Contributions10/11€19k€19k=

Reserves13€26k€2k▼

Distributable reserves133€26k€2k▼

Amounts payable17/49€67k€86k▲

Amounts payable after more than one year17€33k€24k▼

Financial debts170/4€33k€24k▼

Amounts payable within one year42/48€34k€62k▲

Current portion of amounts payable after more than one year42€9k€9k▲

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Taxes, remuneration and social security45€3k€5k▲

Taxes450/3€3k€5k▲

Other amounts payable47/48€20k€45k▲

Accrued charges and deferred income492/3€89€55▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲

Other operating charges640/8€294€196▼

Gross operating margin9900€48k€54k▲

Operating profit (loss)9901€39k€41k▲

Financial income75/76B€2k€630▼

Recurring financial income75€2k€630▼

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€39k€40k▲

Income taxes67/77€8k€8k▲

Profit (loss) for the period9904€31k€32k▲

Profit (loss) for the period to be appropriated9905€31k€32k▲

Appropriation of the result

Profit (loss) to be appropriated9906€31k€32k▲

Transfer from equity791/2€100k€23k▼

Transfer to equity691/2€11k-

To other reserves6921€11k-

Profit to be distributed694/7€120k€55k▼

Return on contributions (dividend)694€120k€55k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €100kEq €133k ▲34.6%

4 profitable years in a row build equity to €133k.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2019net €37k ▲8.7%

Operating result €47k, net result €37k, both a record.

31-12

Financial Liquidity triplescurrent ratio 24.34

Current ratio from 8.75 to 24.34; short-term debt falls from €6k to €4k.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Liquidity times 5current ratio 8.75

Current ratio from 1.87 to 8.75; short-term debt falls from €21k to €6k.

23-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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