Active BE 0473.708.012Private limited company

IT4FUSION

Snoeckstraat(MEL) 15 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 25 yrs active

Sector: Other information technology and computer services (62900)

Conclusion Checked

IT4FUSION has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €-11k. Equity is shrinking by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 20792 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€36k
Net result	€-11k
Better than sector	31%
Active	25 yrs

Financial profile 5 of 5 axes measured · computed by Checked

54 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 53

Profitability 0

Solvency 86

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

86 2021

52 2022

53 2023

53 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 6.76 (≥ 1.5) +10

Quick ratio Quick ratio 6.76 (≥ 1.0) +5

Leverage Debt/equity 1.42 (< 2.0) +3

Profitability Negatieve ROE -32% -10

Interest coverage Interest coverage -2.4× (< 1.5×) -10

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview24 NBB filings

Annual accounts filed on 01-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~30.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	41.4%	62.9%	better than 31% of 20792 sector peers
Net result	€-11k	€27k	better than 9% of 20791 sector peers
Equity	€36k	€74k	better than 31% of 20803 sector peers
Gross operating margin	€-6k	€53k	better than 6% of 20768 sector peers
Total assets	€86k	€136k	better than 32% of 20803 sector peers

EBITDA

€-7k

+44.4% 21-24

Net profit

€-11k

+59.0% 21-24

Cash flow

€-8k

+41.9% 21-24

Total assets

€86k

-18.2% 21-24

Equity

€36k

-24.2% 21-24

Working capital

€65k

-20.7% 21-24

Income taxes

€57

-5.0% 21-24

Dividends

€26k

- 21-24

Debt

€51k

-13.4% 21-24

Debt ≤ 1y

€11k

+10.2% 21-24

Debt > 1y

€39k

-18.4% 21-24

Current ratio

6.76

-25.0% 21-24

Quick ratio

6.76

-25.0% 21-24

Solvency

41.4%

-7.3% 21-24

Debt / equity

1.42

+14.2% 21-24

ROE

-31.9%

+45.9% 21-24

ROA

-13.2%

+49.8% 21-24

Interest coverage

-2.36

+36.7% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€-7k	€-12k	€-15k	€27k
Net profit	€-11k	€-28k	€-31k	€6k
Cash flow	€-8k	€-14k	€-17k	€19k
Staff costs	-	-	-	-
Income taxes	€57	€61	€157	€3k
Dividends	-	-	-	€26k
Total assets	€86k	€106k	€141k	€181k
Equity	€36k	€47k	€75k	€106k
Debt	€51k	€59k	€66k	€75k
of which ≤ 1y	€11k	€10k	€9k	€10k
of which > 1y	€39k	€48k	€57k	€65k
Working capital	€65k	€82k	€104k	€129k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	6.76	9.01	12.79	13.36
Quick ratio	6.76	9.01	12.79	13.36
Working capital ratio	74.8%	77.2%	73.9%	71.1%
Solvency	41.4%	44.6%	53.3%	58.5%
Debt / equity	1.42	1.24	0.87	0.71
Long-term debt ratio	1.10	1.02	0.76	0.61
Interest coverage	-2.36	-3.74	-4.07	5.68
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-13.2%	-26.3%	-22.1%	3.3%
ROE	-31.9%	-59.0%	-41.5%	5.7%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €11k · 12.2% Current assets €76k · 87.8%

Equity & liabilities

Equity €36k · 41.4% Debt €51k · 58.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€86k	€106k	€141k	€181k
Fixed assets	21/28	€11k	€14k	€28k	€42k
Tangible fixed assets	22/27	€11k	€14k	€28k	€42k
Current assets	29/58	€76k	€92k	€113k	€139k
Amounts receivable within one year	40/41	€8k	€6k	€8k	€9k
Cash & bank	54/58	€7k	€20k	€34k	€55k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€86k	€106k	€141k	€181k
Equity	10/15	€36k	€47k	€75k	€106k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€51k	€51k	€51k	€51k
Accumulated profits (losses)	14	€-28k	€-16k	€11k	€43k
Amounts payable	17/49	€51k	€59k	€66k	€75k
Amounts payable after one year	17	€39k	€48k	€57k	€65k
Amounts payable within one year	42/48	€11k	€10k	€9k	€10k
Trade debts payable within one year	44	€663	-	€226	€29
Income statement
Gross operating margin	9900	€-6k	€-12k	€-15k	€30k
Operating result	9901	€-10k	€-26k	€-29k	€13k
Financial income	75	€2k	€2k	€2k	€202
Financial charges	65	€3k	€3k	€4k	€5k
Result before taxes	9903	€-11k	€-28k	€-31k	€9k
Income taxes	67/77	€57	€61	€157	€3k
Net result for the period	9904	€-11k	€-28k	€-31k	€6k
Result to be appropriated	9905	€-11k	€-28k	€-31k	€6k

Directors & mandates 2 directors

Current directors & mandates

Stefan Brands
Director
State Gazette act 23340696 (03-05-2023)

Current
03-05-2023 → present
Weyns
Director
State Gazette act 23340696 (03-05-2023)

Current
03-05-2023 → present

Legal Structure

NACE primary	Other information technology and computer services(62900)
Legal form	Private limited company(610)
Incorporation	22-12-2000
Status	Active
Postal code	9120

Establishment units 1 location

Snoeckstraat(MEL) 15, 9120 Beveren-Kruibeke-Zwijndrecht

Scientific research and development

since 20012.100.007.735

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46016E0029/00L000	Flanders	1,205 m²	1 · 236 m²	9.4 m · 2 fl.

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.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

16-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

03-05

State Gazette act Director changes

Vincent Lesseliers

2022

31-12

Financial Weakest financial yearnet €-31k ▼615%

Net result drops to €-31k, the lowest in the series; recovery starts the following year.

14-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

09-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 9 days late

2020

24-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 24 days late

2019

04-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 35 days late

2018

07-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 68 days late

2017

17-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 48 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

03-05-2023 2 directors appointed Director changes·Vincent Lesseliers

Stefan Brands, Bestuurder
Weyns, Bestuurder

Notary: Vincent Lesseliers · Beveren

Original publication ↗

Technical details

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      "rep_rotation_new_rep": null,
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    }
  ],
  "notary": {
    "name": "Vincent Lesseliers",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Beveren",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-05-03",
    "filing_date": "2023-04-28",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-04-26",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0473.708.012",
    "name_full": "IT4FUSION",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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    "person_name": "Vincent LESSELIERS",
    "org_rep_person_name": null,
    "person_role_at_subject": "Notaris"
  },
  "co_filed_documents": [
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Other information technology and computer services6290072600

Names & trade names

Legal nameNL

IT4FUSION

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