ITAF
ActiveSummary
ITAF has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €800,614 and a net result of €16,721. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-9
Solvency53▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.9 in 2024; short-term debt: 54.7% and cash: 9.5% of total assets), and 72.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.6%
Return on assets
0.6%
Age of the figures
9 mo
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
31 d early
2023
48 d late
2022
32 d early
2021
33 d early
2020
38 d late
2019
53 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 2 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€800,614▲ 2.1%
2024 · €783,893
Total assets
€2.9m▲ 13.6%
2024 · €2.6m
Net result
€16,721▼ 78.7%
2024 · €78,408
Working capital
-€362,146▼ 133%
2024 · -€155,517
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€148,128▲ 16.9%€208,202▲ 40.6%€417,112▲ 100%€156,030▼ 62.6%€95,665▼ 38.7%
Net result€82,071▲ 18.5%€139,446▲ 69.9%€271,297▲ 94.6%€78,408▼ 71.1%€16,721▼ 78.7%
Equity€294,742▲ 38.6%€434,188▲ 47.3%€705,485▲ 62.5%€783,893▲ 11.1%€800,614▲ 2.1%
Total assets€2.0m▼ 13.7%€2.0m▼ 0.7%€2.6m▲ 29.6%€2.6m▼ 2.2%€2.9m▲ 13.6%
Debt€1.7m▼ 18.9%€1.6m▼ 8.8%€1.9m▲ 20.6%€1.8m▼ 7.1%€2.1m▲ 18.7%
Working capital-€376,512▲ 10.9%-€394,264▼ 4.7%-€262,214▲ 33.5%-€155,517▲ 40.7%-€362,146▼ 133%
Staff (FTE)16.9▲ 34.1%11▼ 34.9%13.3▲ 20.9%16.2▲ 21.8%16.6▲ 2.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.7m ▲ 43.1%
Current assets
€1.2m ▼ 11.4%
Equity and liabilities €2.9m
Equity
€800,614 ▲ 2.1%
Debt
€2.1m ▲ 18.7%
Debt's share of the balance-sheet total rises from 69.3% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€354,361▼
2024 · €405,998
Cash flow
€275,417▼
2024 · €328,376
Current ratio
0.77▼
2024 · 0.90
Quick ratio
0.66▼
2024 · 0.75
Debt to equity
2.63▲
2024 · 2.26
ROE
2.1%▼
2024 · 10.0%
ROA
0.6%▼
2024 · 3.1%
Interest coverage
5.35▼
2024 · 6.19
Debt ≤ 1 year
€1.6m▲
2024 · €1.5m
Debt > 1 year
€487,539▲
2024 · €219,030
Income taxes
€16,938▼
2024 · €36,869
Staff costs
€1.4m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,876 | €38,583 | - | - | - |
| Remuneration, social security and pensions62 | €783,487 | €691,872 | €950,330 | €1.3m | €1.4m | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €226,793 | €206,466 | €238,442 | €249,968 | €258,696 | ▲ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €11,441 | - | - | - |
| Other operating charges640/8 | €2,918 | €2,790 | €3,317 | €6,837 | €8,806 | ▲ 28.8% |
| Gross operating margin9900 | €1.2m | €1.1m | €1.6m | €1.7m | €1.7m | ▲ 3.7% |
| Operating profit (loss)9901 | €148,128 | €208,202 | €417,112 | €156,030 | €95,665 | ▼ 38.7% |
| Financial income75/76B | €22 | €18 | €3,350 | €41,733 | €5,633 | ▼ 86.5% |
| Recurring financial income75 | €22 | €18 | €3,350 | €1,332 | €1,258 | ▼ 5.5% |
| Non-recurring financial income76B | - | - | - | €40,401 | €4,375 | ▼ 89.2% |
| Financial charges65/66B | €28,408 | €22,466 | €46,185 | €82,486 | €67,639 | ▼ 18.0% |
| Recurring financial charges65 | €28,408 | €14,152 | €46,185 | €65,610 | €66,272 | ▲ 1.0% |
| Non-recurring financial charges66B | - | €8,314 | - | €16,876 | €1,367 | ▼ 91.9% |
| Profit (loss) for the period before taxes9903 | €119,742 | €185,754 | €374,276 | €115,277 | €33,660 | ▼ 70.8% |
| Income taxes67/77 | €37,671 | €46,308 | €102,979 | €36,869 | €16,938 | ▼ 54.1% |
| Profit (loss) for the period9904 | €82,071 | €139,446 | €271,297 | €78,408 | €16,721 | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €82,071 | €139,446 | €271,297 | €78,408 | €16,721 | ▼ 78.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.0m | €2.6m | €2.6m | €2.9m | ▲ 13.6% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.4m | €1.2m | €1.7m | ▲ 43.1% |
| Intangible fixed assets21 | €824,524 | €864,478 | €1.0m | €906,090 | €792,934 | ▼ 12.5% |
| Tangible fixed assets22/27 | €373,916 | €357,796 | €374,459 | €263,505 | €249,193 | ▼ 5.4% |
| Land and buildings22 | €165,297 | €176,989 | €135,102 | - | - | - |
| Plant, machinery and equipment23 | €21,103 | €30,033 | €27,379 | €23,262 | €20,133 | ▼ 13.5% |
| Furniture and vehicles24 | €141,032 | €119,198 | €161,262 | €199,884 | €170,464 | ▼ 14.7% |
| Leasing and similar rights25 | €33,187 | €19,490 | - | - | - | - |
| Other tangible fixed assets26 | €13,297 | €12,087 | €50,716 | €40,359 | €58,596 | ▲ 45.2% |
| Financial fixed assets28 | €59,000 | - | €2,800 | €2,800 | €635,800 | ▲ 22,607% |
| Current assets29/58 | €773,094 | €794,992 | €1.2m | €1.4m | €1.2m | ▼ 11.4% |
| Stocks and contracts in progress3 | €90,910 | €109,120 | €182,073 | €227,249 | €174,409 | ▼ 23.3% |
| Stocks30/36 | €42,590 | €45,270 | €31,245 | €43,345 | €60,133 | ▲ 38.7% |
| Contracts in progress37 | €48,320 | €63,850 | €150,828 | €183,904 | €114,275 | ▼ 37.9% |
| Amounts receivable within one year40/41 | €476,755 | €479,005 | €665,906 | €755,814 | €710,305 | ▼ 6.0% |
| Trade receivables40 | €414,976 | €441,653 | €647,402 | €695,661 | €643,231 | ▼ 7.5% |
| Other amounts receivable41 | €61,779 | €37,352 | €18,504 | €60,152 | €67,074 | ▲ 11.5% |
| Cash at bank and in hand54/58 | €194,022 | €192,495 | €358,102 | €368,028 | €275,808 | ▼ 25.1% |
| Deferred charges and accrued income490/1 | €11,407 | €14,372 | €10,441 | €33,544 | €66,046 | ▲ 96.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €2.6m | €2.6m | €2.9m | ▲ 13.6% |
| Equity10/15 | €294,742 | €434,188 | €705,485 | €783,893 | €800,614 | ▲ 2.1% |
| Contributions10/11 | €79,856 | €79,856 | €79,856 | €79,856 | €79,856 | = |
| Reserves13 | €214,886 | €354,332 | €625,629 | €704,037 | €720,758 | ▲ 2.4% |
| Distributable reserves133 | €214,886 | €354,332 | €625,629 | €704,037 | €720,758 | ▲ 2.4% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.9m | €1.8m | €2.1m | ▲ 18.7% |
| Amounts payable after more than one year17 | €586,186 | €393,822 | €430,338 | €219,030 | €487,539 | ▲ 123% |
| Financial debts170/4 | €586,186 | €393,822 | €430,338 | €219,030 | €487,539 | ▲ 123% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.5m | €1.5m | €1.6m | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | €224,373 | €219,881 | €268,275 | €162,223 | €177,155 | ▲ 9.2% |
| Financial debts43 | €137,606 | €144,346 | €146,031 | €114,808 | €57,821 | ▼ 49.6% |
| Credit institutions430/8 | €62,606 | €69,346 | €146,031 | €114,808 | €57,821 | ▼ 49.6% |
| Other loans439 | €75,000 | €75,000 | - | - | - | - |
| Trade debts44 | €528,272 | €594,097 | €779,873 | €838,220 | €869,792 | ▲ 3.8% |
| Suppliers440/4 | €528,272 | €594,097 | €779,873 | €838,220 | €869,792 | ▲ 3.8% |
| Taxes, remuneration and social security45 | €160,655 | €141,537 | €180,926 | €314,278 | €214,535 | ▼ 31.7% |
| Taxes450/3 | €92,791 | €51,654 | €47,621 | €85,879 | €61,802 | ▼ 28.0% |
| Remuneration and social security454/9 | €67,865 | €89,882 | €133,305 | €228,399 | €152,734 | ▼ 33.1% |
| Other amounts payable47/48 | €98,700 | €89,395 | €103,632 | €110,622 | €269,409 | ▲ 144% |
| Accrued charges and deferred income492/3 | - | - | - | €13,954 | €27,628 | ▲ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,071 | €139,446 | €271,297 | €78,408 | €16,721 | ▼ 78.7% |
| + Depreciation and write-downs630 | €226,793 | €206,466 | €238,442 | €249,968 | €258,696 | ▲ 3.5% |
| Operating cash flow (approximation) | €308,864 | €345,912 | €509,739 | €328,376 | €275,417 | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | -€171,301 | -€414,206 | -€24,326 | -€764,228 | ▼ 3,042% |
| Change in cash | - | -€1,527 | €165,608 | €9,925 | -€92,219 | ▼ 1,029% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 48 days late
2023
31-12
Financial
Highest result since 2018net €271,297 ▲94.6%
Operating result €417,112, net result €271,297, both a record.
31-12
Financial
Equity above €500,000Eq €705,485 ▲62.5%
6 profitable years in a row build equity to €705,485.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 38 days late
2020
31-12
Financial
Equity above €200,000Eq €212,671 ▲48.3%
3 profitable years in a row build equity to €212,671.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
6 acts for this company are 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, Gent · 2 establishment units since 1999
Ground area
4,123 m²
Building footprint
437 m²
Volume, LiDAR
2,416 m³
3 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ITAF Gent
since 19992.091.215.773
ITAF Leuven
since 20182.279.721.714
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0176/00P000 | Flanders | 1,959 m² | - | - |
| 44074C0328/00W000 | Flanders | 1,306 m² | 1 · 142 m² | 10.8 m · 1 fl. |
| 44074C0328/00S000 | Flanders | 858 m² | 1 · 295 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,821 EUR awarded · 8,366 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,652 EUR | 1,197 EUR |
| 2024 | 1 | 3,824 EUR | 3,824 EUR |
| 2023 | 1 | 2,205 EUR | 2,205 EUR |
| 2022 | 1 | 1,140 EUR | 1,140 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 716 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
Founded06-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
82990Other business support services
Contact
Website
www.itaf.eu
E-mail
info@itaf.eu
Scores and ratios are computed by Checked and are not a credit decision.