Summary
iTarget is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €68,791 and a net result of €6,674. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 76% of 2,991 sector peers (NACE 66, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€68,791▼ 34.2%
2024 · €104,527
Net result
€6,674▼ 19.5%
2024 · €8,286
Total assets
€89,669▼ 26.5%
2024 · €121,961
Solvency
76.7%▼ 9.0pp
2024 · 85.7%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 29% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€13,560
2025
Net result€6,674
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€89,669
2025
Equity€68,791
2025
Debt€20,878
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€53,458
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency76.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.56
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance 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
Line2019202020212022202320242025
Operating result€52,432-€32,867▼ 37.3%€21,687▼ 34.0%€10,808▼ 50.2%€8,442▼ 21.9%€19,227▲ 128%€13,560▼ 29.5%
Net result€42,219-€17,009within the sector's middle half▼ 59.7%€11,268within the sector's middle half▼ 33.8%€2,763within the sector's middle half▼ 75.5%€2,352within the sector's middle half▼ 14.9%€8,286within the sector's middle half▲ 252%€6,674within the sector's middle half▼ 19.5%
Equity€74,449-€91,459within the sector's middle half▲ 22.8%€101,126within the sector's middle half▲ 10.6%€103,889within the sector's middle half▲ 2.7%€96,241within the sector's middle half▼ 7.4%€104,527within the sector's middle half▲ 8.6%€68,791within the sector's middle half▼ 34.2%
Total assets€182,934-€182,302within the sector's middle half▼ 0.3%€165,143within the sector's middle half▼ 9.4%€149,169within the sector's middle half▼ 9.7%€136,092within the sector's middle half▼ 8.8%€121,961below the sector's middle half▼ 10.4%€89,669below the sector's middle half▼ 26.5%
Debt€108,485-€90,843▼ 16.3%€64,017▼ 29.5%€45,279▼ 29.3%€39,851▼ 12.0%€17,433▼ 56.3%€20,878▲ 19.8%
Working capital€51,972-€60,798within the sector's middle half▲ 17.0%€73,065within the sector's middle half▲ 20.2%€76,666within the sector's middle half▲ 4.9%€66,277within the sector's middle half▼ 13.6%€81,021within the sector's middle half▲ 22.2%€53,458within the sector's middle half▼ 34.0%
Solvency40.7%-50.2%within the sector's middle half▲ 9.5pp61.2%within the sector's middle half▲ 11.1pp69.6%within the sector's middle half▲ 8.4pp70.7%within the sector's middle half▲ 1.1pp85.7%above the sector's middle half▲ 15.0pp76.7%above the sector's middle half▼ 9.0pp
Current ratio3.05-2.83within the sector's middle half▼ 0.224.27above the sector's middle half▲ 1.444.60above the sector's middle half▲ 0.332.79within the sector's middle half▼ 1.815.65above the sector's middle half▲ 2.863.56within the sector's middle half▼ 2.09
Return on assets (ROA)23.1%-9.3%within the sector's middle half▼ 13.7pp6.8%within the sector's middle half▼ 2.5pp1.9%within the sector's middle half▼ 5.0pp1.7%within the sector's middle half▼ 0.1pp6.8%within the sector's middle half▲ 5.1pp7.4%within the sector's middle half▲ 0.6pp
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,669
Fixed assets
€15,333 ▼ 34.8%
Current assets
€74,336 ▼ 24.5%
Equity and liabilities €89,669
Equity
€68,791 ▼ 34.2%
Debt
€20,878 ▲ 19.8%
Debt's share of the balance-sheet total rises from 14.3% to 23.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
9.7%▲
2024 · 7.9%
Debt ≤ 1 year
€20,878▲
2024 · €17,433
Income taxes
€6,388▼
2024 · €11,665
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,200 | €18,343 | €18,543 | €18,543 | €18,400 | €21,401 | €8,174 | ▼ 61.8% |
| Other operating charges640/8 | - | - | €1,222 | €1,759 | €3,188 | €2,014 | €2,006 | ▼ 0.4% |
| Gross operating margin9900 | €72,863 | €53,336 | €41,452 | €31,110 | €30,029 | €42,642 | €23,740 | ▼ 44.3% |
| Operating profit (loss)9901 | €52,432 | €32,867 | €21,687 | €10,808 | €8,442 | €19,227 | €13,560 | ▼ 29.5% |
| Financial income75/76B | - | - | €324 | €328 | €1,268 | €2,298 | €346 | ▼ 84.9% |
| Recurring financial income75 | €61 | €187 | €324 | €328 | €1,268 | €2,298 | €346 | ▼ 84.9% |
| Financial charges65/66B | - | - | €3,514 | €3,412 | €3,145 | €1,574 | €845 | ▼ 46.3% |
| Recurring financial charges65 | €2,800 | €3,105 | €3,514 | €3,412 | €3,145 | €1,574 | €845 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €49,692 | €29,949 | €18,497 | €7,724 | €6,566 | €19,951 | €13,061 | ▼ 34.5% |
| Income taxes67/77 | €7,473 | €12,940 | €7,229 | €4,961 | €4,213 | €11,665 | €6,388 | ▼ 45.2% |
| Profit (loss) for the period9904 | €42,219 | €17,009 | €11,268 | €2,763 | €2,352 | €8,286 | €6,674 | ▼ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €42,219 | €17,009 | €11,268 | €2,763 | €2,352 | €8,286 | €6,674 | ▼ 19.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €182,934 | €182,302 | €165,143 | €149,169 | €136,092 | €121,961 | €89,669 | ▼ 26.5% |
| Fixed assets21/28 | €105,600 | €88,285 | €69,743 | €51,200 | €32,800 | €23,506 | €15,333 | ▼ 34.8% |
| Intangible fixed assets21 | €103,800 | €85,600 | €67,400 | €49,200 | €31,000 | €12,800 | €9,600 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | €885 | €543 | €200 | €0 | €8,906 | €3,933 | ▼ 55.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,880 | €2,160 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €543 | €200 | €0 | €6,026 | €1,772 | ▼ 70.6% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €77,334 | €94,017 | €95,400 | €97,969 | €103,292 | €98,454 | €74,336 | ▼ 24.5% |
| Amounts receivable within one year40/41 | €14,341 | €21,995 | €23,255 | €26,089 | €43,243 | €56,270 | €39,084 | ▼ 30.5% |
| Trade receivables40 | - | - | €8,593 | €10,199 | €13,796 | €11,832 | €26,872 | ▲ 127% |
| Other amounts receivable41 | - | - | €14,662 | €15,890 | €29,447 | €44,438 | €12,212 | ▼ 72.5% |
| Cash at bank and in hand54/58 | €62,133 | €70,913 | €69,877 | €68,621 | €58,023 | €38,922 | €33,618 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | - | - | €2,268 | €3,258 | €2,027 | €3,262 | €1,633 | ▼ 49.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €182,934 | €182,302 | €165,143 | €149,169 | €136,092 | €121,961 | €89,669 | ▼ 26.5% |
| Equity10/15 | €74,449 | €91,459 | €101,126 | €103,889 | €96,241 | €104,527 | €68,791 | ▼ 34.2% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €55,849 | €72,859 | €82,526 | €85,289 | €75,289 | €83,575 | €47,839 | ▼ 42.8% |
| Non-distributable reserves130/1 | - | - | €3,439 | €3,439 | €3,439 | €3,439 | €3,439 | = |
| Reserves not available under the articles1311 | - | - | €3,439 | €3,439 | €3,439 | €3,439 | €3,439 | = |
| Distributable reserves133 | - | - | €79,088 | €81,850 | €71,850 | €80,136 | €44,400 | ▼ 44.6% |
| Profit (loss) carried forward14 | -€29,540 | - | €0 | - | €2,352 | €2,352 | €2,352 | = |
| Amounts payable17/49 | €108,485 | €90,843 | €64,017 | €45,279 | €39,851 | €17,433 | €20,878 | ▲ 19.8% |
| Amounts payable after more than one year17 | €83,122 | €55,733 | €39,935 | €23,716 | €2,835 | €0 | - | - |
| Financial debts170/4 | - | - | €39,935 | €23,716 | €2,835 | €0 | - | - |
| Amounts payable within one year42/48 | €25,362 | €33,219 | €22,336 | €21,302 | €37,016 | €17,433 | €20,878 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | €15,798 | €16,219 | €16,760 | €2,835 | €0 | ▼ 100% |
| Trade debts44 | €2,953 | €3,892 | €6,538 | €3,802 | €6,184 | €5,049 | €5,411 | ▲ 7.2% |
| Suppliers440/4 | - | - | €6,538 | €3,802 | €6,184 | €5,049 | €5,411 | ▲ 7.2% |
| Taxes, remuneration and social security45 | - | - | €0 | €1,282 | €4,072 | €9,549 | €12,556 | ▲ 31.5% |
| Taxes450/3 | - | - | €0 | €1,282 | €4,072 | €9,549 | €12,556 | ▲ 31.5% |
| Other amounts payable47/48 | - | - | - | - | €10,000 | €0 | €2,910 | - |
| Accrued charges and deferred income492/3 | - | - | €1,746 | €261 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,219 | €17,009 | €11,268 | €2,763 | €2,352 | €8,286 | €6,674 | ▼ 19.5% |
| + Depreciation and write-downs630 | €18,200 | €18,343 | €18,543 | €18,543 | €18,400 | €21,401 | €8,174 | ▼ 61.8% |
| Operating cash flow (approximation) | €60,419 | €35,352 | €29,811 | €21,305 | €20,752 | €29,687 | €14,848 | ▼ 50.0% |
| Investment in fixed assets (approximation) | - | -€1,028 | €0 | €0 | €0 | -€12,108 | €0 | - |
| Change in cash | - | €8,780 | -€1,036 | -€1,256 | -€10,598 | -€19,100 | -€5,304 | ▲ 72.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00342509 |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00373184 |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00148230 |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00067506 |
| 30-09-2021 | micro format | 04-05-2022 | 2022-20019212 |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11600563 |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10900189 |
| 30-09-2018 | micro format | 11-04-2019 | 2019-09700252 |
| 30-09-2017 | micro format | 25-06-2018 | 2018-21600033 |
| 30-09-2016 | abbreviated format | 31-05-2017 | 2017-13600572 |
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Of the 232 active companies whose main activity is activities auxiliary to financial services and insurance activities (NACE 66290), figures are known for 147. 105 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 · 1 entry · €174 awarded · €174 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.