ITECH GROUP
ActiveSummary
The computed 12-month bankruptcy probability of ITECH GROUP is 1.6% (moderate). The 2025 annual accounts show equity of €45k and a net result of €2k. Equity is growing by ~54.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 982 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-29
Solvency63▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.4 in 2024; short-term debt: 62.2% and cash: 0.3% of total assets), and 62.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.8%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
106 d early
2023
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€739k
EBIT margin
-1.3%
Net result
€2k▼ 95.7%
2024 · €45k
2023: €-15k
2024: €45k
2023 → 2025
Working capital
€19k▼ 56.4%
2024 · €43k
2023: €-16k
2024: €43k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€739k-
Equity€-2k-€43k€45k▲ 4.5%
Operating result€-10k-€61k€7k▼ 88.1%
Net result€-15k-€45k€2k▼ 95.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€26k ▲ 136%
Current assets
€92k ▼ 38.7%
Equity and liabilities €118k
Equity
€45k ▲ 4.5%
Debt
€73k ▼ 38.3%
Debt's share of the balance-sheet total falls from 73.6% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €65k
Cash flow
€6k▼
2024 · €49k
Current ratio
1.26▼
2024 · 1.40
Quick ratio
0.34▼
2024 · 1.40
Debt to equity
1.65▼
2024 · 2.79
ROE
4.4%▼
2024 · 104.9%
ROA
1.6%▼
2024 · 27.7%
Interest coverage
32.46▲
2024 · 14.68
Debt ≤ 1 year
€73k▼
2024 · €107k
Income taxes
€5k▼
2024 · €12k
Staff costs
€117k▼
2024 · €347k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€162k€118k▼
Fixed assets21/28€11k€26k▲
Tangible fixed assets22/27€11k€25k▲
Land and buildings22-€2k
Plant, machinery and equipment23€7k€20k▲
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€350€350=
Current assets29/58€151k€92k▼
Stocks and contracts in progress3-€67k
Stocks30/36-€11k
Contracts in progress37-€57k
Amounts receivable within one year40/41€151k€25k▼
Trade receivables40€147k€15k▼
Other amounts receivable41€4k€9k▲
Cash at bank and in hand54/58€10€353▲
Equity and liabilities
Total equity and liabilities10/49€162k€118k▼
Equity10/15€43k€45k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€30k€32k▲
Amounts payable17/49€119k€73k▼
Amounts payable after more than one year17€12k-
Other amounts payable178/9€12k-
Amounts payable within one year42/48€107k€73k▼
Trade debts44€42k€4k▼
Suppliers440/4€42k€4k▼
Taxes, remuneration and social security45€65k€38k▼
Taxes450/3€25k€24k▼
Remuneration and social security454/9€40k€14k▼
Other amounts payable47/48-€32k
Income statement
Code20242025
Remuneration, social security and pensions62€347k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€417k€130k▼
Operating profit (loss)9901€61k€7k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€4k€340▼
Recurring financial charges65€4k€340▼
Profit (loss) for the period before taxes9903€56k€7k▼
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€45k€2k▼
Profit (loss) for the period to be appropriated9905€45k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€32k▲
Profit (loss) brought forward from the previous period14P€-15k€30k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Heusden-Zolder · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudstrijderslaan 163550 Heusden-ZolderGround area
267 m²
Building footprint
151 m²
Parcel 71502B0842/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
ITECH GROUP
since 20222.335.264.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0842/00G000 | Flanders | 267 m² | 1 · 151 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 207 EUR awarded · 207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 207 EUR | 207 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
63920Other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.