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Complete company report
Generated 18-07-2026
Active BE 0444.149.241Public limited company

ITEC

John Lijsenstraat 49 ·2321 Hoogstraten, Belgium· 35 yrs active
Sector: Retail trade (47400)
Conclusion Checked

The computed 12-month bankruptcy probability of ITEC is 0.6% (low). The 2023 annual accounts show equity of €3.65M and a net result of €1.94M. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 755 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €3.65M
Net result €1.94M
Staff (FTE) 20.7
Better than sector 80%
Snowflake analysis 5 axes · computed by Checked
Health100Profitability94Solvency96Growth33Stability100
85 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 94
Solvency 96
Growth 33
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 28-04-2025 with the NBB · fiscal year 2023 · volledig
€0€10.00M€20.00MRevenue 2019: €18.50M€18.50MOperating result 2019: €3.61M€3.61MNet result 2019: €13.78M€13.78MRevenue 2020: €20.50M€20.50MOperating result 2020: €3.96M€3.96MNet result 2020: €3.29M€3.29MRevenue 2021: €16.75M€16.75MOperating result 2021: €4.20M€4.20MNet result 2021: €3.13M€3.13MRevenue 2022: €16.61M€16.61MOperating result 2022: €4.30M€4.30MNet result 2022: €3.14M€3.14MRevenue 2023: €17.01M€17.01MOperating result 2023: €2.53M€2.53MNet result 2023: €1.94M€1.94M20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~20.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
€0€5.00M€10.00M2024: €2.37M (€913k - €3.82M)2025: €1.89M (€0 - €4.21M)2026: €1.51M (€0 - €4.71M)2018: €11.26M2019: €7.60M2020: €4.29M2021: €3.72M2022: €3.56M2023: €3.65M201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 52.0% 18.0%
better than 80% of 755 sector peers
Net result €1.94M €14k
better than 95% of 751 sector peers
Equity €3.65M €82k
better than 95% of 756 sector peers
Staff costs €1.23M €191k
higher than 91% of 591 sector peers
Employees (FTE) 20.7 5.2
better than 86% of 509 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€17.01M
+2.4% 18-23
EBITDA
€3.37M
-45.2% far above sector median
Net profit
€1.94M
-38.3% far above sector median
Cash flow
€2.79M
-44.3% far above sector median
Total assets
€7.02M
-7.0% far above sector median
Equity
€3.65M
+2.5% far above sector median
Working capital
€3.64M
+6.1% far above sector median
Employees (FTE)
21
-11.5% far above sector median
Staff costs
€1.23M
-0.7% far above sector median
Income taxes
€662k
-45.1% far above sector median
Dividends
€1.85M
-43.9% 18-23
Debt
€3.37M
-15.4% far above sector median
Debt ≤ 1y
€1.29M
-52.2% far above sector median
Current ratio
3.83
+68.3% +83% vs sector
Quick ratio
1.44
+3.6% -31% vs sector
Solvency
52.0%
+10.1% -5% vs sector
Debt / equity
0.92
-17.5% +11% vs sector
ROE
53.1%
-39.8% far above sector median
ROA
27.6%
-33.7% far above sector median
Net margin
11.4%
-39.7% 18-23
EBITDA margin
19.8%
-46.5% 18-23
Interest coverage
29157.50
-16.6% far above sector median
Figures by fiscal year
Fiscal year2023
Revenue€17.01M
EBITDA€3.37M
Net profit€1.94M
Cash flow€2.79M
Staff costs€1.23M
Income taxes€662k
Dividends€1.85M
Total assets€7.02M
Equity€3.65M
Debt€3.37M
of which ≤ 1y€1.29M
of which > 1y-
Working capital€3.64M
Employees (FTE)20.7
Ratios (computed)
2023
Current ratio3.83
Quick ratio1.44
Working capital ratio51.9%
Solvency52.0%
Debt / equity0.92
Long-term debt ratio-
Interest coverage29157.50
Gross margin42.7%
Net margin11.4%
ROA27.6%
ROE53.1%
EBITDA margin19.8%
Days sales outstanding24d
Days payable outstanding23d
Inventory turnover3.17
Days inventory (DSI)115d
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€7.02M
Fixed assets 21/28€2.09M
Intangible fixed assets 21€1.46M
Tangible fixed assets 22/27€619k
Financial fixed assets 28€12k
Current assets 29/58€4.93M
Stocks & contracts in progress 3€3.08M
Amounts receivable within one year 40/41€1.64M
Cash & bank 54/58€210k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.02M
Equity 10/15€3.65M
Contributions / capital 10/11€378k
Reserves 13€39k
Accumulated profits (losses) 14€3.24M
Amounts payable 17/49€3.37M
Amounts payable within one year 42/48€1.29M
Trade debts payable within one year 44€616k
Income statement
Turnover 70€17.01M
Operating result 9901€2.53M
Financial income 75€75k
Financial charges 65€2k
Result before taxes 9903€2.60M
Income taxes 67/77€662k
Net result for the period 9904€1.94M
Result to be appropriated 9905€1.94M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Retail trade(47400)
Legal form Public limited company(014)
Incorporation01-06-1991
StatusActive
Postal code2321
Establishment units 2 locations
ITEC
John Lijsenstraat 49, 2321 Hoogstratende kleinhandel in computers en standaardprogrammatuur
since 19922.135.241.006
ITEC
Molenbergstraat 107, 2840 RumstDetailhandel in computers, randapparatuur en software in gespecialiseerde winkels
since 20242.370.534.005
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13020E0069/00R000 Flanders 5,775 m² 1 · 9,831 m² 10.1 m · 3 fl.
11037D0010/00Z003 Flanders 338 m² 1 · 131 m² 10.7 m · 1 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-04-2025
NBB filing Annual accounts filed
fiscal year 2023 · volledig
17-03-2025
NBB filing Annual accounts filed
fiscal year 2022 · volledig
24-02-2025
State Gazette act Director changes
2023
27-02-2023
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2022
29-12-2022
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2021
05-05-2021
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2020
06-07-2020
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
31-12-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
12-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
31-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
24-02-2025 1 director appointed, 1 resigning Director changes
  • Jozef Vanhees, Commissaris
  • Philip De Meyer, Commissaris
Technical details 
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  "act_meta": {
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    "filing_date": "2025-02-13",
    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-12-11",
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    }
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  "is_correction": false,
  "subject_company": {
    "kbo": "0444.149.241",
    "name_full": "ITES",
    "legal_form": "Naamloze vennootschap"
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  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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    "person_name": "Rob Timmermans",
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  "co_filed_documents": [],
  "corrected_publication_numac": null
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Groothandel in informatie- en communicatieapparatuur46500Groothandel in computers, randapparatuur en software46510Detailhandel in ICT-apparatuur47400Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels47410Groothandel in computers, randapparatuur en programmatuur51840Gespecialiseerde detailhandel in kantoormachines en -meubelen, computers en standaardprogrammatuur en telecommunicatieapparatuur52487
Primary activity highlighted.
Names & trade names
Legal nameNL ITEC
Registered office
John Lijsenstraat 49
2321 Hoogstraten, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative