Equity
ITC EAC has made a profit without a break since 2021.
ITC EAC has made a profit without a break since 2021.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 55 days after the end of the period.
Higher gross margin than 95% of companies in specialised construction. Sector median €39,317 · 35,079 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 55% of them on solvency, 70% on liquidity, 77% on profitability and 84% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as ITC EAC has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITC EAC itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for ITC EAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.25 (1.1 in 2024), below the usual 1.5. Short-term debt is 49.4% and cash 36.5% of total assets. 49.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ITC EAC Berchem-Sainte-Agathe | €206,626 | €318,029 | 50.6% | - |
| JT SECURITE Herstal | €222,073 | €309,770 | 5.7% | - |
| GOEMANS TECHNICS Antwerp | €185,884 | €315,720 | 18.6% | - |
| Du Nord Brasschaat | €248,662 | €334,684 | 43.5% | - |
| SLW Solutions Erpe-Mere | €232,153 | €311,485 | 56.6% | - |
| MK-tec Evere | €166,429 | €300,260 | 48.0% | - |
| H.K CONNEXION Uccle | €154,186 | €245,485 | 64.0% | - |
These companies have the same main activity as ITC EAC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €154,000 and €249,000, founded between 2017 and 2020.
ITC EAC files the micro format. That format states no turnover. The gross margin rose from -€933 in 2020 to €318,029 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €600,000 and €870,000.
Higher than 54% of 35,119 companies in 2025.
Higher than 31% of 34,493 companies in 2025.
Higher than 74% of 34,694 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
206,626 | 162,477 | 158,213 | 64,455 | 45,051 | 20,778 | |
21/28 |
79,089 | 58,224 | 60,419 | 3,926 | 850 | 614 | |
22/27 |
60,414 | 39,549 | 41,744 | 1,263 | 850 | 614 | |
23 |
676 | - | - | - | - | - | |
24 |
59,738 | 39,549 | 41,744 | 1,263 | 850 | 614 | |
28 |
18,676 | 18,676 | 18,676 | 2,663 | - | - | |
29/58 |
127,536 | 104,253 | 97,794 | 60,529 | 44,201 | 20,164 | |
40/41 |
52,039 | 63,621 | 77,956 | 49,711 | 39,614 | 7,084 | |
40 |
52,039 | 47,187 | 67,254 | 38,441 | 32,543 | 5,406 | |
41 |
- | 16,434 | 10,701 | 11,270 | 7,071 | 1,678 | |
54/58 |
75,497 | 39,981 | 19,681 | 9,957 | 4,108 | 13,081 | |
490/1 |
- | 652 | 157 | 861 | 480 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
206,626 | 162,477 | 158,213 | 64,455 | 45,051 | 20,778 | |
10/15 |
104,540 | 67,582 | 37,718 | 32,343 | 27,121 | 1,993 | |
10/11 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
10 |
- | - | - | - | 4,000 | - | |
100 |
- | - | - | - | 4,000 | 4,000 | |
14 |
100,540 | 63,582 | 33,718 | 28,343 | 23,121 | -2,007 | |
17/49 |
102,085 | 94,895 | 120,495 | 32,112 | 17,930 | 18,785 | |
42/48 |
102,085 | 94,895 | 120,495 | 32,112 | 17,930 | 18,785 | |
44 |
31,571 | 17,007 | 42,607 | 1,047 | 1,274 | 12,249 | |
440/4 |
31,571 | 17,007 | 42,607 | 1,047 | 1,274 | 12,249 | |
45 |
5,012 | - | - | - | - | - | |
450/3 |
5,012 | - | - | - | - | - | |
47/48 |
65,502 | 77,888 | 77,888 | 31,065 | 16,656 | 6,536 | |
| Income statement | |||||||
9900 |
318,029 | 66,300 | 17,319 | 22,606 | 30,436 | -933 | |
62 |
94,431 | 24,065 | 2,755 | 15,499 | 1,221 | - | |
630 |
21,371 | 8,631 | 767 | 1,074 | 579 | 307 | |
640/8 |
1,655 | 769 | 942 | 591 | 2,443 | 753 | |
9901 |
200,571 | 32,834 | 12,854 | 5,442 | 26,194 | -1,993 | |
65/66B |
120 | 105 | 161 | 220 | 158 | 14 | |
65 |
120 | 105 | 161 | 220 | 158 | 14 | |
9903 |
200,451 | 32,730 | 12,694 | 5,222 | 26,036 | -2,007 | |
67/77 |
163,493 | 2,866 | 7,318 | - | 908 | - | |
9904 |
36,958 | 29,864 | 5,375 | 5,222 | 25,128 | -2,007 | |
9905 |
36,958 | 29,864 | 5,375 | 5,222 | 25,128 | -2,007 | |
| Appropriation of the result | |||||||
9906 |
100,540 | 63,582 | 33,718 | 28,343 | 23,121 | -2,007 | |
14P |
63,582 | 33,718 | 28,343 | 23,121 | -2,007 | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00253021 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00229490 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00345957 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00266906 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20174277 | |
| 31-12-2020 | micro format | 24-09-2021 | 2021-68600298 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 221,942 | 41,465 | 13,621 | 6,516 | 26,773 | -1,686 | ||
| 58,329 | 38,495 | 6,142 | 6,296 | 25,707 | -1,700 | ||
| 42,236 | 6,435 | 57,260 | 4,150 | 815 | 921 | ||
| 35,516 | 20,299 | 9,724 | 5,849 | -8,973 | - | ||
| 25,451 | 9,358 | -22,701 | 28,417 | 26,271 | 1,379 | ||
| 50.6% | 41.6% | 23.8% | 50.2% | 60.2% | 9.6% | ||
| 1.25 | 1.10 | 0.81 | 1.88 | 2.47 | 1.07 | ||
| 0.98 | 1.40 | 3.19 | 0.99 | 0.66 | 9.43 | ||
| 35.4% | 44.2% | 14.3% | 16.1% | 92.7% | -100.7% | ||
| 17.9% | 18.4% | 3.4% | 8.1% | 55.8% | -9.7% | ||
| over 100 | over 100 | 84.86 | 29.56 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €42,236 | €6,435 | €41,248 | €1,487 | €815 |
| Financial fixed assets | - | - | €16,012 | €2,663 | - |
| €21,371 | €8,631 | €767 | €1,074 | €579 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6.1 times that of 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 58.4% to 49.4%. Equity and debt are higher.
ITC EAC has no parent and no holdings in its annual accounts.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Groot-Bijgaardenstraat 14 registered office 1082 Berchem-Sainte-Agathe | 22-10-2019 | 2.295.698.505 |
| Bergense Steenweg 1277 1070 Anderlecht | 14-06-2023 | 2.345.989.441 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21307E0261/00G000 | 1.1 ha | 1 · 3,826 m² | 47.8 m · 3 |
| 21342B0043/00F003 | 290 m² | 1 · 293 m² | 10.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0736.672.141
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