ITAL TECH
ActiveSummary
The annual accounts of ITAL TECH for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €3,458 and a net result of -€10,225. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 11502 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency35▼-26
Growth35▼-13
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05 against 1.6 in 2024; short-term debt: 90.2% and cash: 4.8% of total assets), and 90.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
9.8%
Return on assets
-29%
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 →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10,225
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
2 d early
2023
1 d early
2022
4 d early
2021
25 d late
2020
30 d late
2019
68 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 20 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€174,425▼ 10.7%
2021 · €195,323
EBIT margin
4.5%▲ 5.7pp
2021 · -1.2%
Net result
-€10,225▲ 27.3%
2024 · -€14,073
Working capital
€1,654▼ 86.2%
2024 · €11,984
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€195,323▲ 1.5%€174,425▼ 10.7%
Operating result-€2,332€7,819€7,992▲ 2.2%-€12,791-€9,510▲ 25.6%
Net result-€370within the sector's middle half-€199within the sector's middle half▲ 46.1%€6,814within the sector's middle half-€14,073below the sector's middle half-€10,225below the sector's middle half▲ 27.3%
EBIT margin-1.2%▼ 9.6pp4.5%▲ 5.7pp
Equity€25,294within the sector's middle half▼ 1.4%€20,942within the sector's middle half▼ 17.2%€27,756within the sector's middle half▲ 32.5%€13,683within the sector's middle half▼ 50.7%€3,458below the sector's middle half▼ 74.7%
Total assets€74,875within the sector's middle half▼ 37.3%€73,455within the sector's middle half▼ 1.9%€70,279within the sector's middle half▼ 4.3%€37,558below the sector's middle half▼ 46.6%€35,262below the sector's middle half▼ 6.1%
Debt€49,581▼ 47.1%€52,513▲ 5.9%€42,523▼ 19.0%€23,875▼ 43.9%€31,804▲ 33.2%
Working capital€14,953within the sector's middle half▼ 24.6%€14,172within the sector's middle half▼ 5.2%€19,411within the sector's middle half▲ 37.0%€11,984within the sector's middle half▼ 38.3%€1,654within the sector's middle half▼ 86.2%
Solvency33.8%within the sector's middle half▲ 12.3pp28.5%within the sector's middle half▼ 5.3pp39.5%within the sector's middle half▲ 11.0pp36.4%within the sector's middle half▼ 3.1pp9.8%within the sector's middle half▼ 26.6pp
Current ratio1.42within the sector's middle half▲ 0.151.33within the sector's middle half▼ 0.091.50within the sector's middle half▲ 0.181.60within the sector's middle half▲ 0.101.05within the sector's middle half▼ 0.55
Return on assets (ROA)-0.5%within the sector's middle half▼ 8.8pp-0.3%within the sector's middle half▲ 0.2pp9.7%within the sector's middle half▲ 10.0pp-37.5%below the sector's middle half▼ 47.2pp-29.0%below the sector's middle half▲ 8.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,510 in 2025 against €12,791 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,262
Fixed assets
€1,804 ▼ 68.5%
Current assets
€33,458 ▲ 5.1%
Equity and liabilities €35,262
Equity
€3,458 ▼ 74.7%
Debt
€31,804 ▲ 33.2%
Debt's share of the balance-sheet total rises from 63.6% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,586▲
2024 · -€7,745
Cash flow
-€6,301▲
2024 · -€9,027
Quick ratio
0.65▼
2024 · 0.79
Debt to equity
9.20▲
2024 · 1.74
ROE
-295.7%▼
2024 · -102.8%
Interest coverage
-10.59▼
2024 · -7.01
Debt ≤ 1 year
€31,804▲
2024 · €19,846
Income taxes
€188▼
2024 · €190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 644 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 | €195,323 | €174,425 | - | - | - | - |
| Non-recurring operating income76A | - | €2,520 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €197,559 | €165,253 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €79 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,757 | €4,877 | €4,742 | €5,046 | €3,924 | ▼ 22.2% |
| Other operating charges640/8 | €956 | €1,359 | €637 | €868 | €1,460 | ▲ 68.2% |
| Gross operating margin9900 | €3,381 | €14,055 | €13,372 | -€6,798 | -€4,126 | ▲ 39.3% |
| Operating profit (loss)9901 | -€2,332 | €7,819 | €7,992 | -€12,791 | -€9,510 | ▲ 25.6% |
| Financial income75/76B | - | €25 | €1,090 | €13 | €1 | ▼ 94.1% |
| Recurring financial income75 | - | €25 | €1,090 | €13 | €1 | ▼ 94.1% |
| Financial charges65/66B | €2,007 | €1,291 | €1,203 | €1,105 | €528 | ▼ 52.2% |
| Recurring financial charges65 | €2,007 | €1,291 | €1,203 | €1,105 | €528 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | -€4,338 | €6,553 | €7,879 | -€13,883 | -€10,037 | ▲ 27.7% |
| Income taxes67/77 | -€3,968 | €6,752 | €1,066 | €190 | €188 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€370 | -€199 | €6,814 | -€14,073 | -€10,225 | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | -€370 | -€199 | €6,814 | -€14,073 | -€10,225 | ▲ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,875 | €73,455 | €70,279 | €37,558 | €35,262 | ▼ 6.1% |
| Fixed assets21/28 | €24,457 | €16,099 | €12,373 | €5,728 | €1,804 | ▼ 68.5% |
| Tangible fixed assets22/27 | €19,357 | €12,999 | €9,273 | €4,228 | €304 | ▼ 92.8% |
| Furniture and vehicles24 | €17,706 | €12,999 | €9,273 | €4,228 | €304 | ▼ 92.8% |
| Other tangible fixed assets26 | €1,650 | - | - | - | - | - |
| Financial fixed assets28 | €5,100 | €3,100 | €3,100 | €1,500 | €1,500 | = |
| Current assets29/58 | €50,419 | €57,355 | €57,905 | €31,830 | €33,458 | ▲ 5.1% |
| Stocks and contracts in progress3 | €27,191 | €22,743 | €28,718 | €16,130 | €12,643 | ▼ 21.6% |
| Stocks30/36 | €27,191 | €22,743 | €28,718 | €16,130 | €12,643 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €13,009 | €24,893 | €20,183 | €9,884 | €18,783 | ▲ 90.0% |
| Trade receivables40 | €13,009 | €24,893 | €20,183 | €9,884 | €18,783 | ▲ 90.0% |
| Cash at bank and in hand54/58 | €10,219 | €9,720 | €9,004 | €5,302 | €1,677 | ▼ 68.4% |
| Deferred charges and accrued income490/1 | - | - | - | €516 | €356 | ▼ 31.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,875 | €73,455 | €70,279 | €37,558 | €35,262 | ▼ 6.1% |
| Equity10/15 | €25,294 | €20,942 | €27,756 | €13,683 | €3,458 | ▼ 74.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | €4,834 | €482 | €7,296 | -€6,777 | -€17,002 | ▼ 151% |
| Amounts payable17/49 | €49,581 | €52,513 | €42,523 | €23,875 | €31,804 | ▲ 33.2% |
| Amounts payable after more than one year17 | €14,116 | €9,329 | €4,029 | €4,029 | - | - |
| Financial debts170/4 | €14,116 | €9,329 | €4,029 | €4,029 | - | - |
| Amounts payable within one year42/48 | €35,466 | €43,184 | €38,494 | €19,846 | €31,804 | ▲ 60.3% |
| Current portion of amounts payable after more than one year42 | €5,571 | €5,219 | €5,300 | - | - | - |
| Financial debts43 | - | - | - | - | €1,716 | - |
| Credit institutions430/8 | - | - | - | - | €1,716 | - |
| Trade debts44 | €13,080 | €9,024 | €19,009 | €10,391 | €6,107 | ▼ 41.2% |
| Suppliers440/4 | €13,080 | €9,024 | €19,009 | €10,391 | €6,107 | ▼ 41.2% |
| Advances received on contracts in progress46 | - | €11,281 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,243 | €11,208 | €12,093 | €9,455 | €14,411 | ▲ 52.4% |
| Taxes450/3 | €7,479 | €7,197 | €9,282 | €7,544 | €6,500 | ▼ 13.8% |
| Remuneration and social security454/9 | €1,764 | €4,011 | €2,811 | €1,911 | €7,911 | ▲ 314% |
| Other amounts payable47/48 | €7,572 | €6,451 | €2,093 | - | €9,571 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€370 | -€199 | €6,814 | -€14,073 | -€10,225 | ▲ 27.3% |
| + Depreciation and write-downs630 | €4,757 | €4,877 | €4,742 | €5,046 | €3,924 | ▼ 22.2% |
| Operating cash flow (approximation) | €4,387 | €4,678 | €11,556 | -€9,027 | -€6,301 | ▲ 30.2% |
| Investment in fixed assets (approximation) | - | €3,480 | -€1,017 | €1,600 | €0 | ▼ 100% |
| Change in cash | - | -€499 | -€716 | -€3,703 | -€3,624 | ▲ 2.1% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€14,073
Net result drops to -€14,073, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,814
Net result €6,814 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €9,957 ▲106%
Operating result €16,237, net result €9,957, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Vorst · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brits Tweede Legerlaan 451190 Vorst1 establishment unit
Brits Tweede Legerlaan 45, 1190 Vorst
since 20122.212.035.510
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 528 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
Founded02-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
26110Manufacture of computer, electronic and optical products
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
Website
www.belinq.beVorst
Website
www.romax.beVorst
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847047550
Also
9925:BE0847047550
Registered
23-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.