ITcube
ActiveSummary
ITcube has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €468,293 and a net result of €34,039. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 4.3 in 2023; short-term debt: 18.6% and cash: 1.8% of total assets), and 24% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
29 d late
2022
on the day
2021
31 d late
2020
86 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 company by equity in Rixensart, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,039▼ 52.1%
2023 · €71,002
Working capital
€198,679▼ 15.3%
2023 · €234,531
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
Line20202021202220232024
Operating result€24,221€21,107▼ 12.9%€30,169▲ 42.9%€86,902▲ 188%€32,635▼ 62.4%
Net result€27,465€30,204▲ 10.0%€34,137▲ 13.0%€71,002▲ 108%€34,039▼ 52.1%
Equity€356,580▲ 8.3%€386,784▲ 8.5%€420,922▲ 8.8%€491,924▲ 16.9%€468,293▼ 4.8%
Total assets€448,764▲ 6.0%€458,691▲ 2.2%€575,069▲ 25.4%€613,682▲ 6.7%€615,862▲ 0.4%
Debt€92,184▼ 2.0%€71,907▼ 22.0%€154,148▲ 114%€121,758▼ 21.0%€147,569▲ 21.2%
Working capital€140,440▲ 44.0%€168,358▲ 19.9%€194,651▲ 15.6%€234,531▲ 20.5%€198,679▼ 15.3%
Staff (FTE)0.8▲ 300%000
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 62% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €615,862
Fixed assets
€302,493 ▼ 1.8%
Current assets
€313,369 ▲ 2.5%
Equity and liabilities €615,862
Equity
€468,293 ▼ 4.8%
Debt
€147,569 ▲ 21.2%
Debt's share of the balance-sheet total rises from 19.8% to 24.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54,920▼
2023 · €110,266
Cash flow
€56,324▼
2023 · €94,367
Current ratio
2.73▼
2023 · 4.30
Debt to equity
0.32▲
2023 · 0.25
ROE
7.3%▼
2023 · 14.4%
ROA
5.5%▼
2023 · 11.6%
Interest coverage
9.57▼
2023 · 20.96
Debt ≤ 1 year
€114,690▲
2023 · €71,054
Debt > 1 year
€32,814▼
2023 · €50,436
Income taxes
€14,740▼
2023 · €29,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €540 | €67 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,381 | €25,288 | €11,556 | €23,364 | €22,285 | ▼ 4.6% |
| Other operating charges640/8 | - | €1,558 | €6,669 | €2,205 | €2,097 | ▼ 4.9% |
| Non-recurring operating charges66A | - | €0 | €1,066 | €92 | €0 | ▼ 100% |
| Gross operating margin9900 | €71,832 | €47,953 | €49,460 | €112,563 | €57,018 | ▼ 49.3% |
| Operating profit (loss)9901 | €24,221 | €21,107 | €30,169 | €86,902 | €32,635 | ▼ 62.4% |
| Financial income75/76B | - | €13,807 | €20,069 | €18,879 | €21,885 | ▲ 15.9% |
| Recurring financial income75 | €7,559 | €13,807 | €20,069 | €18,879 | €21,885 | ▲ 15.9% |
| Financial charges65/66B | - | €1,350 | €2,238 | €5,261 | €5,741 | ▲ 9.1% |
| Recurring financial charges65 | €1,063 | €1,350 | €2,238 | €5,261 | €5,741 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €30,717 | €33,564 | €48,000 | €100,520 | €48,779 | ▼ 51.5% |
| Income taxes67/77 | €3,251 | €3,360 | €13,863 | €29,518 | €14,740 | ▼ 50.1% |
| Profit (loss) for the period9904 | €27,465 | €30,204 | €34,137 | €71,002 | €34,039 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €27,465 | €30,204 | €34,137 | €71,002 | €34,039 | ▼ 52.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €448,764 | €458,691 | €575,069 | €613,682 | €615,862 | ▲ 0.4% |
| Fixed assets21/28 | €256,803 | €240,275 | €323,061 | €308,097 | €302,493 | ▼ 1.8% |
| Tangible fixed assets22/27 | €84,182 | €61,127 | €137,124 | €115,100 | €102,153 | ▼ 11.2% |
| Land and buildings22 | - | €55,460 | €49,743 | €45,565 | €44,510 | ▼ 2.3% |
| Furniture and vehicles24 | - | €4,267 | €86,261 | €68,694 | €57,082 | ▼ 16.9% |
| Other tangible fixed assets26 | - | €1,400 | €1,120 | €840 | €560 | ▼ 33.3% |
| Financial fixed assets28 | €172,621 | €179,148 | €185,937 | €192,997 | €200,340 | ▲ 3.8% |
| Current assets29/58 | €191,961 | €218,416 | €252,009 | €305,585 | €313,369 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €98,332 | €203,016 | €244,121 | €260,634 | €300,093 | ▲ 15.1% |
| Trade receivables40 | - | €32,323 | €25,759 | €35,302 | €41,361 | ▲ 17.2% |
| Other amounts receivable41 | - | €170,693 | €218,362 | €225,333 | €258,732 | ▲ 14.8% |
| Cash at bank and in hand54/58 | €90,156 | €11,205 | €6,073 | €43,986 | €11,023 | ▼ 74.9% |
| Deferred charges and accrued income490/1 | - | €4,195 | €1,815 | €964 | €2,254 | ▲ 134% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €448,764 | €458,691 | €575,069 | €613,682 | €615,862 | ▲ 0.4% |
| Equity10/15 | €356,580 | €386,784 | €420,922 | €491,924 | €468,293 | ▼ 4.8% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €331,580 | €361,784 | €395,922 | €466,924 | €443,293 | ▼ 5.1% |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | €0 | - | - |
| Distributable reserves133 | - | €359,284 | €393,422 | €466,924 | €443,293 | ▼ 5.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | - |
| Amounts payable17/49 | €92,184 | €71,907 | €154,148 | €121,758 | €147,569 | ▲ 21.2% |
| Amounts payable after more than one year17 | €12,044 | €0 | €67,282 | €50,436 | €32,814 | ▼ 34.9% |
| Financial debts170/4 | - | €0 | €67,282 | €50,436 | €32,814 | ▼ 34.9% |
| Amounts payable within one year42/48 | €51,521 | €50,058 | €57,358 | €71,054 | €114,690 | ▲ 61.4% |
| Current portion of amounts payable after more than one year42 | - | €12,044 | €16,104 | €16,846 | €17,622 | ▲ 4.6% |
| Financial debts43 | - | €520 | €2,145 | €4,284 | €3,516 | ▼ 17.9% |
| Credit institutions430/8 | - | €520 | €2,145 | €4,284 | €3,516 | ▼ 17.9% |
| Trade debts44 | €23,272 | €27,143 | €26,729 | €20,384 | €31,368 | ▲ 53.9% |
| Suppliers440/4 | - | €27,143 | €26,729 | €20,384 | €31,368 | ▲ 53.9% |
| Taxes, remuneration and social security45 | - | €10,352 | €12,380 | €29,541 | €4,515 | ▼ 84.7% |
| Taxes450/3 | - | €8,852 | €12,380 | €29,541 | €4,515 | ▼ 84.7% |
| Remuneration and social security454/9 | - | €1,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €57,669 | - |
| Accrued charges and deferred income492/3 | - | €21,849 | €29,507 | €268 | €64 | ▼ 76.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,465 | €30,204 | €34,137 | €71,002 | €34,039 | ▼ 52.1% |
| + Depreciation and write-downs630 | €26,381 | €25,288 | €11,556 | €23,364 | €22,285 | ▼ 4.6% |
| Operating cash flow (approximation) | €53,847 | €55,492 | €45,693 | €94,367 | €56,324 | ▼ 40.3% |
| Investment in fixed assets (approximation) | - | -€8,760 | -€94,341 | -€8,401 | -€16,681 | ▼ 98.6% |
| Change in cash | - | -€78,951 | -€5,132 | €37,913 | -€32,963 | ▼ 187% |
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
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 40 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €71,002 ▲108%
Operating result €86,902, net result €71,002, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
31-12
Financial
Back to profitnet €27,465
Net result €27,465 after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet -€27,159
Net result drops to -€27,159, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Rixensart · 1 establishment unit since 2003
Ground area
981 m²
Building footprint
71 m²
Volume, LiDAR
824 m³
Parcel 25092B0401/00S000, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de La Hulpe 129, 1331 Rixensart
since 20032.126.111.029
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0401/00S000 | Wallonia | 981 m² | 1 · 70 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 5,576 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
Founded27-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.