ITEC

Active

Public limited companyfounded 199135 years activeJohn Lijsenstraat 49, 2321 Hoogstraten, BelgiumKBO/BCE: BE 0444.149.241

Summary

The computed 12-month bankruptcy probability of ITEC is 4.6% (elevated). For ITEC, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €3.7m and a net result of €1.9m. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 6,606 sector peers (NACE 47, fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ITECActive

Risk analysis Report Compare

Activity

Retail sale of information and communication equipment

NACE 47400Wholesale of information and communication equipment NACE 46500

2 sites

Size

€17.0mturnover 2023

Staff: 20.7 FTE
Equity: €3.7m
Profit: €1.9m

Financial health

Bankruptcy probabilitywithin 12 months: 4.6%

2023 figures too old to score

Structure

Parent: Felicitatem Investments · 100%

Accounts 433 days overdue0 of 18 deeds read

Signals- Figures for FY 2023 (filed 28-04-2025)- 2 financial years not filed after the legal deadline; latest accounts 271 days late; 3 of the last 3 late- 2 establishment units- Two or more financial years not filed- Filed more than 90 days late+ Founded in 1991Show the evidence

Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Strong

Solvency 77+5

equity 52.0% of total assets

Liquidity 49+11

short-term debt 18.4% · cash 3.0%

Profitability 100=

return on assets 27.6%

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,685 companies)

Last 24 months 11-2024: 4.3% 12-2024: 4.3%● unchanged vs 11-2024 01-2025: 4.3%● unchanged vs 12-2024 02-2025: 4.3%● unchanged vs 01-2025 03-2025: 4.6%▲ +0.3 percentage points vs 02-2025 04-2025: 3.4%▼ -1.2 percentage points vs 03-2025 05-2025: 0.5%▼ -2.9 percentage points vs 04-2025lowest value 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.4%▲ +0.4 percentage points vs 09-2025 11-2025: 1.5%▲ +0.1 percentage points vs 10-2025 12-2025: 1.9%▲ +0.4 percentage points vs 11-2025 01-2026: 3.8%▲ +1.9 percentage points vs 12-2025 02-2026: 3.8%● unchanged vs 01-2026 03-2026: 3.8%● unchanged vs 02-2026 04-2026: 3.4%▼ -0.4 percentage points vs 03-2026 05-2026: 3.4%● unchanged vs 04-2026 06-2026: 3.4%● unchanged vs 05-2026 07-2026: 3.4%● unchanged vs 06-2026 08-2026: 4.6%▲ +1.2 percentage points vs 07-2026highest value 09-2026: 4.6%● unchanged vs 08-2026highest value 10-2026: 4.6%● unchanged vs 09-2026highest value

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Signals

Six signals.

−lowers risk+raises risk

Figures for FY 2023 (filed 28-04-2025)

NBB · annual accounts

2 financial years not filed after the legal deadline; latest accounts 271 days late; 3 of the last 3 late

NBB · filings

Founded in 1991

How long the company has existed counts in the probability; how much depends on the rest of its profile.

KBO

2 establishment units

KBO · seat and establishments

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline07-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-04-2025, 271 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

271 days late

2022

595 days late

2021

211 days late

2020

516 days late

2019

278 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 374 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

Checked from 2021 on.

KBO publications · our coverage

28-04-2025 Annual accounts filedfiscal year 2023 · full…
17-03-2025 Annual accounts filedfiscal year 2022 · full…
31-12-2023 Weakest financial yearnet €1.9m ▼38.3%

Key points

Risk: Accounts not fileddeadline was 31-07-2025 433 days late View
Positive: Among the best 5% on net resultsector median €31,561 · 6,603 companies €1.9m View
Controlled by Felicitatem Investmentsknown shareholders 100% 100% View
Caution: Result fell in 2023from €3.1m to €1.9m ▼ 38.3% View
Positive: 6 profitable years in a rowprofit 2023: €1.9m 6 years View