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IT4REAL

Active
Private limited company (pre-2019)founded 2000active for 26 yearsRue de Coeurcq 52, 1480 Tubize, BelgiumKBO/BCE: BE 0472.862.033
Summary

IT4REAL has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €339,610 and a net result of €76,541. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 56% of 2,292 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €290,000
Estimated: probably between €190,000 and €440,000
Total assets
€544,971▲ 16.0%
2024 · €469,964
Net result
€76,541▲ 43.2%
2024 · €53,460
Working capital
€325,555▲ 34.8%
2024 · €241,597
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has risen four years in a row; 2025 is 44% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€109,509 2025 Net result€76,541 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 63, Computing infrastructure, data processing, hosting and other information service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€22,194-€16,005▼ 27.9%€34,647▲ 116%€38,466▲ 11.0%€44,491▲ 15.7%€54,517▲ 22.5%€76,245▲ 39.9%€109,509▲ 43.6%
Net result€16,912-€6,514▼ 61.5%€16,521within the sector's middle half▲ 154%€18,889within the sector's middle half▲ 14.3%€24,028within the sector's middle half▲ 27.2%€33,358within the sector's middle half▲ 38.8%€53,460above the sector's middle half▲ 60.3%€76,541above the sector's middle half▲ 43.2%
Equity€114,008-€116,129▲ 1.9%€133,334within the sector's middle half▲ 14.8%€152,223above the sector's middle half▲ 14.2%€176,250above the sector's middle half▲ 15.8%€209,609above the sector's middle half▲ 18.9%€263,069above the sector's middle half▲ 25.5%€339,610above the sector's middle half▲ 29.1%
Total assets€318,591-€334,987▲ 5.1%€350,262above the sector's middle half▲ 4.6%€391,946above the sector's middle half▲ 11.9%€419,782above the sector's middle half▲ 7.1%€443,065above the sector's middle half▲ 5.5%€469,964above the sector's middle half▲ 6.1%€544,971above the sector's middle half▲ 16.0%
Debt€204,583-€218,858▲ 7.0%€216,928▼ 0.9%€239,724▲ 10.5%€243,531▲ 1.6%€233,456▼ 4.1%€206,895▼ 11.4%€205,361▼ 0.7%
Working capital€63,687-€74,073▲ 16.3%€96,246within the sector's middle half▲ 29.9%€121,844above the sector's middle half▲ 26.6%€154,702above the sector's middle half▲ 27.0%€190,667above the sector's middle half▲ 23.2%€241,597above the sector's middle half▲ 26.7%€325,555above the sector's middle half▲ 34.8%
Solvency35.8%-34.7%▼ 1.1pp38.1%within the sector's middle half▲ 3.4pp38.8%within the sector's middle half▲ 0.8pp42.0%within the sector's middle half▲ 3.1pp47.3%within the sector's middle half▲ 5.3pp56.0%within the sector's middle half▲ 8.7pp62.3%within the sector's middle half▲ 6.3pp
Current ratio1.31-1.34▲ 0.031.45within the sector's middle half▲ 0.111.51within the sector's middle half▲ 0.061.64within the sector's middle half▲ 0.131.82within the sector's middle half▲ 0.182.17within the sector's middle half▲ 0.352.63within the sector's middle half▲ 0.46
Return on assets (ROA)5.3%-1.9%▼ 3.4pp4.7%within the sector's middle half▲ 2.8pp4.8%within the sector's middle half▲ 0.1pp5.7%within the sector's middle half▲ 0.9pp7.5%within the sector's middle half▲ 1.8pp11.4%within the sector's middle half▲ 3.8pp14.0%within the sector's middle half▲ 2.7pp
above within below the middle half of NACE 63, Computing infrastructure, data processing, hosting and other information service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €544,971
Fixed assets €19,905 ▼ 7.3%
Current assets €525,066 ▲ 17.1%
Equity and liabilities €544,971
Equity €339,610 ▲ 29.1%
Debt €205,361 ▼ 0.7%
Debt's share of the balance-sheet total falls from 44.0% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€112,314▲
2024 · €77,830
Cash flow
€79,345▲
2024 · €55,045
Debt to equity
0.60▼
2024 · 0.79
ROE
22.5%▲
2024 · 20.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€199,511▼
2024 · €206,895
Income taxes
€33,455▲
2024 · €23,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€469,964€544,971▲
Fixed assets21/28€21,472€19,905▼
Tangible fixed assets22/27€21,472€19,905▼
Land and buildings22€17,122€16,052▼
Plant, machinery and equipment23€4,272€3,853▼
Furniture and vehicles24€78€0▼
Current assets29/58€448,491€525,066▲
Amounts receivable within one year40/41€31,251€7,150▼
Trade receivables40€31,215€7,079▼
Other amounts receivable41€36€71▲
Current investments50/53€152,477€153,050▲
Cash at bank and in hand54/58€256,753€356,004▲
Deferred charges and accrued income490/1€8,010€8,862▲
Equity and liabilities
Total equity and liabilities10/49€469,964€544,971▲
Equity10/15€263,069€339,610▲
Contributions10/11€6,500€6,500=
Reserves13€241,574€318,115▲
Non-distributable reserves130/1€22,100€22,100=
Reserves not available under the articles1311€22,100€22,100=
Distributable reserves133€219,474€296,015▲
Profit (loss) carried forward14€14,995€14,995=
Amounts payable17/49€206,895€205,361▼
Amounts payable within one year42/48€206,895€199,511▼
Financial debts43€199€358▲
Credit institutions430/8€199€358▲
Trade debts44€5,775€1,921▼
Suppliers440/4€5,775€1,921▼
Taxes, remuneration and social security45€9,576€24,487▲
Taxes450/3€9,576€24,487▲
Other amounts payable47/48€191,346€172,745▼
Accrued charges and deferred income492/3-€5,850
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,585€2,805▲
Other operating charges640/8€1,186€1,189▲
Non-recurring operating charges66A-€223
Gross operating margin9900€79,016€113,725▲
Operating profit (loss)9901€76,245€109,509▲
Financial income75/76B€614€819▲
Recurring financial income75€614€819▲
Financial charges65/66B€191€332▲
Recurring financial charges65€191€332▲
Profit (loss) for the period before taxes9903€76,668€109,996▲
Income taxes67/77€23,208€33,455▲
Profit (loss) for the period9904€53,460€76,541▲
Profit (loss) for the period to be appropriated9905€53,460€76,541▲
Appropriation of the result
Profit (loss) to be appropriated9906€68,455€91,536▲
Profit (loss) brought forward from the previous period14P€14,995€14,995=
Transfer to equity691/2€53,460€76,541▲
To other reserves6921€53,460€76,541▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,265€8,265€7,896€9,062€9,247€2,606€1,585€2,805▲ 77.0%
Other operating charges640/8---€1,067€1,085€1,319€1,186€1,189▲ 0.2%
Non-recurring operating charges66A-------€223-
Gross operating margin9900€31,762€25,070€43,672€48,595€54,823€58,443€79,016€113,725▲ 43.9%
Operating profit (loss)9901€22,194€16,005€34,647€38,466€44,491€54,517€76,245€109,509▲ 43.6%
Financial income75/76B---€173€0€146€614€819▲ 33.3%
Recurring financial income75€166€167€183€173€0€146€614€819▲ 33.3%
Financial charges65/66B---€8,617€8,622€5,929€191€332▲ 74.0%
Recurring financial charges65€2,297€4,487€8,418€8,617€8,622€5,929€191€332▲ 74.0%
Profit (loss) for the period before taxes9903€25,312€11,672€26,080€30,022€35,870€48,734€76,668€109,996▲ 43.5%
Income taxes67/77€8,399€5,157€9,559€11,134€11,842€15,376€23,208€33,455▲ 44.2%
Profit (loss) for the period9904€16,912€6,514€16,521€18,889€24,028€33,358€53,460€76,541▲ 43.2%
Profit (loss) for the period to be appropriated9905€16,912€6,514€16,521€18,889€24,028€33,358€53,460€76,541▲ 43.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€318,591€334,987€350,262€391,946€419,782€443,065€469,964€544,971▲ 16.0%
Fixed assets21/28€50,321€42,056€37,871€30,795€21,548€18,942€21,472€19,905▼ 7.3%
Tangible fixed assets22/27€50,321€42,056€37,871€30,795€21,548€18,942€21,472€19,905▼ 7.3%
Land and buildings22---€20,333€19,263€18,193€17,122€16,052▼ 6.3%
Plant, machinery and equipment23---€1,979€982€297€4,272€3,853▼ 9.8%
Furniture and vehicles24---€8,483€1,303€452€78€0▼ 100%
Current assets29/58€268,270€292,932€312,390€361,151€398,233€424,123€448,491€525,066▲ 17.1%
Amounts receivable within one year40/41€39,484€30,504€43,328€24,720€42,212€14,348€31,251€7,150▼ 77.1%
Trade receivables40---€24,720€42,038€14,250€31,215€7,079▼ 77.3%
Other amounts receivable41----€174€98€36€71▲ 98.8%
Current investments50/53-----€152,048€152,477€153,050▲ 0.4%
Cash at bank and in hand54/58€222,424€254,772€261,504€328,982€348,723€249,796€256,753€356,004▲ 38.7%
Deferred charges and accrued income490/1---€7,449€7,298€7,930€8,010€8,862▲ 10.6%
Equity and liabilities
Total equity and liabilities10/49€318,591€334,987€350,262€391,946€419,782€443,065€469,964€544,971▲ 16.0%
Equity10/15€114,008€116,129€133,334€152,223€176,250€209,609€263,069€339,610▲ 29.1%
Contributions10/11€6,500€6,500-€6,500€6,500€6,500€6,500€6,500=
Reserves13€92,513€94,634€111,839€130,728€154,756€188,114€241,574€318,115▲ 31.7%
Non-distributable reserves130/1---€22,100€22,100€22,100€22,100€22,100=
Reserves not available under the articles1311---€22,100€22,100€22,100€22,100€22,100=
Distributable reserves133---€108,628€132,656€166,014€219,474€296,015▲ 34.9%
Profit (loss) carried forward14€14,995€14,995€14,995€14,995€14,995€14,995€14,995€14,995=
Amounts payable17/49€204,583€218,858€216,928€239,724€243,531€233,456€206,895€205,361▼ 0.7%
Amounts payable within one year42/48€204,583€218,858€216,145€239,307€243,531€233,456€206,895€199,511▼ 3.6%
Financial debts43-----€196€199€358▲ 80.0%
Credit institutions430/8-----€196€199€358▲ 80.0%
Trade debts44€1,862€2,669€1,974€932€1,110€1,350€5,775€1,921▼ 66.7%
Suppliers440/4---€932€1,110€1,350€5,775€1,921▼ 66.7%
Taxes, remuneration and social security45---€24,425€25,327€9,067€9,576€24,487▲ 156%
Taxes450/3---€24,425€25,327€9,067€9,576€24,487▲ 156%
Other amounts payable47/48---€213,951€217,094€222,844€191,346€172,745▼ 9.7%
Accrued charges and deferred income492/3---€416---€5,850-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€16,912€6,514€16,521€18,889€24,028€33,358€53,460€76,541▲ 43.2%
+ Depreciation and write-downs630€8,265€8,265€7,896€9,062€9,247€2,606€1,585€2,805▲ 77.0%
Operating cash flow (approximation)€25,177€14,779€24,417€27,951€33,275€35,964€55,045€79,345▲ 44.1%
Investment in fixed assets (approximation)-€0-€3,712-€1,986€0€0-€4,115-€1,237▲ 69.9%
Change in cash-€32,348€6,732€67,478€19,742-€98,927€6,957€99,251▲ 14×

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 10-06-2026 2026-00149464
31-12-2024 micro format 07-07-2025 2025-00235826
31-12-2023 micro format 30-08-2024 2024-00401582
31-12-2022 micro format 31-08-2023 2023-00398155
31-12-2021 micro format 31-08-2022 2022-20364872
31-12-2020 micro format 30-06-2021 2021-27800119
31-12-2019 micro format 28-08-2020 2020-46400181
31-12-2018 micro format 30-08-2019 2019-60200497
31-12-2017 micro format 30-08-2018 2018-56000160
31-12-2016 micro format 21-08-2017 2017-45900038

Show all 25 filings

Similar companies · same sector, comparable size

Of the 2,672 active companies whose main activity is computing infrastructure, data processing, hosting and related activities (NACE 63100), figures are known for 1,280. 883 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.