Itecq
ActiveSummary
Itecq has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,484 and a net result of -€3,113. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-47
Solvency51▼-24
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 5.19 in 2024; short-term debt: 13.7% and cash: 18.5% of total assets), but 74.5% of the assets are financed with debt.
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Signals
Seven 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
-4.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12819 sector peers (2025).
NBB · sector comparisonPosition among 12819 sector peers
Solvency
better than 24%
← weakest
strongest →
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 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 d early
2024
on the day
2023
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 31 July (3 of the last 3 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,484▼ 44.5%
2024 · €35,097
Total assets
€76,288▲ 8.3%
2024 · €70,449
Net result
-€3,113
2024 · €23,021
Working capital
€26,771▼ 47.0%
2024 · €50,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€25,064-€54,096▲ 116%€25,384▼ 53.1%
Net result€9,935within the sector's middle half-€23,021within the sector's middle half▲ 132%-€3,113below the sector's middle half
Equity€12,935below the sector's middle half-€35,097within the sector's middle half▲ 171%€19,484below the sector's middle half▼ 44.5%
Total assets€40,443below the sector's middle half-€70,449below the sector's middle half▲ 74.2%€76,288below the sector's middle half▲ 8.3%
Debt€8,693-€12,072▲ 38.9%€32,775▲ 172%
Working capital€19,671within the sector's middle half-€50,557within the sector's middle half▲ 157%€26,771within the sector's middle half▼ 47.0%
Solvency32.0%within the sector's middle half-49.8%within the sector's middle half▲ 17.8pp25.5%below the sector's middle half▼ 24.3pp
Current ratio3.26within the sector's middle half-5.19above the sector's middle half▲ 1.933.56within the sector's middle half▼ 1.63
Return on assets (ROA)24.6%within the sector's middle half-32.7%within the sector's middle half▲ 8.1pp-4.1%below the sector's middle half▼ 36.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,288
Fixed assets
€39,054 ▲ 399%
Current assets
€37,234 ▼ 40.5%
Equity and liabilities €76,288
Equity
€19,484 ▼ 44.5%
Provisions
€24,029 ▲ 3.2%
Debt
€32,775 ▲ 172%
Debt's share of the balance-sheet total rises from 17.1% to 43.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,507▼
2024 · €59,586
Cash flow
€3,010▼
2024 · €28,511
Debt to equity
1.68▲
2024 · 0.34
ROE
-16.0%▼
2024 · 65.6%
Interest coverage
1.26▼
2024 · 2.50
Debt ≤ 1 year
€10,464▼
2024 · €12,072
Debt > 1 year
€22,311
Income taxes
€3,457▼
2024 · €7,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
3.6%
went bankrupt
2.0%
stopped otherwise
93%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,290 | €5,490 | €6,123 | ▲ 11.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €18,816 | €4,464 | €749 | ▼ 83.2% |
| Other operating charges640/8 | €733 | €103 | €14 | ▼ 86.5% |
| Gross operating margin9900 | €48,902 | €64,153 | €32,270 | ▼ 49.7% |
| Operating profit (loss)9901 | €25,064 | €54,096 | €25,384 | ▼ 53.1% |
| Financial income75/76B | €1 | - | - | - |
| Recurring financial income75 | €1 | - | - | - |
| Financial charges65/66B | €3,041 | €23,882 | €25,040 | ▲ 4.8% |
| Recurring financial charges65 | €3,041 | €23,882 | €25,040 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €22,023 | €30,214 | €344 | ▼ 98.9% |
| Income taxes67/77 | €12,088 | €7,193 | €3,457 | ▼ 51.9% |
| Profit (loss) for the period9904 | €9,935 | €23,021 | -€3,113 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €9,935 | €23,021 | -€3,113 | ▼ 114% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €40,443 | €70,449 | €76,288 | ▲ 8.3% |
| Fixed assets21/28 | €12,079 | €7,820 | €39,054 | ▲ 399% |
| Tangible fixed assets22/27 | €12,079 | €7,820 | €39,054 | ▲ 399% |
| Furniture and vehicles24 | €12,079 | €7,820 | €39,054 | ▲ 399% |
| Current assets29/58 | €28,364 | €62,629 | €37,234 | ▼ 40.5% |
| Amounts receivable within one year40/41 | €14,789 | €14,543 | €22,076 | ▲ 51.8% |
| Trade receivables40 | €5,966 | €5,986 | €5,312 | ▼ 11.3% |
| Other amounts receivable41 | €8,823 | €8,557 | €16,764 | ▲ 95.9% |
| Cash at bank and in hand54/58 | €13,232 | €47,702 | €14,104 | ▼ 70.4% |
| Deferred charges and accrued income490/1 | €343 | €384 | €1,055 | ▲ 175% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €40,443 | €70,449 | €76,288 | ▲ 8.3% |
| Equity10/15 | €12,935 | €35,097 | €19,484 | ▼ 44.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €9,935 | €32,097 | €16,484 | ▼ 48.6% |
| Provisions and deferred taxes16 | €18,816 | €23,280 | €24,029 | ▲ 3.2% |
| Provisions for liabilities and charges160/5 | €18,816 | €23,280 | €24,029 | ▲ 3.2% |
| Other liabilities and charges164/5 | €18,816 | €23,280 | €24,029 | ▲ 3.2% |
| Amounts payable17/49 | €8,693 | €12,072 | €32,775 | ▲ 172% |
| Amounts payable after more than one year17 | - | - | €22,311 | - |
| Financial debts170/4 | - | - | €22,311 | - |
| Amounts payable within one year42/48 | €8,693 | €12,072 | €10,464 | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | - | €5,958 | - |
| Trade debts44 | €6,356 | €3,609 | €4,492 | ▲ 24.5% |
| Suppliers440/4 | €6,356 | €3,609 | €4,492 | ▲ 24.5% |
| Taxes, remuneration and social security45 | €2,336 | €3,236 | €14 | ▼ 99.6% |
| Taxes450/3 | €2,336 | €3,236 | €14 | ▼ 99.6% |
| Other amounts payable47/48 | - | €5,227 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,935 | €23,021 | -€3,113 | ▼ 114% |
| + Depreciation and write-downs630 | €4,290 | €5,490 | €6,123 | ▲ 11.5% |
| Operating cash flow (approximation) | €14,224 | €28,511 | €3,010 | ▼ 89.4% |
| Investment in fixed assets (approximation) | - | -€1,231 | -€37,357 | ▼ 2,936% |
| Change in cash | - | €34,470 | -€33,598 | ▼ 197% |
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
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,113
Net result drops to -€3,113, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €23,021 ▲132%
Operating result €54,096, net result €23,021, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek · 2 establishment units since 2023
Ground area
3,284 m²
Building footprint
1,964 m²
Volume, LiDAR
38,688 m³
2 parcels, Brussels, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
2 establishment units
ITECQ
since 20232.344.125.457
Itecq
since 20232.354.430.520
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0235/10X000 | Brussels | 2,429 m² | 1 · 1,794 m² | 32.1 m · 9 fl. |
| 23543K0203/00L002 | Flanders | 855 m² | 1 · 170 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845004D6U9441899088
Similar companies · same sector, comparable size
MG Legal société d'avocats
BE 0556.751.987
Liège · Eq €19,490
LAND ADVOCATEN
BE 0778.716.394
Mechelen · Eq €19,491
Christian Duvieusart
BE 1003.079.572
Sint-Pieters-Woluwe · Eq €19,472
Q.I.A. O.R.A
BE 0779.683.129
Etterbeek · Eq €19,514
MALADENISE - AVOCAT
BE 0690.616.838
Sint-Lambrechts-Woluwe · Eq €19,446
Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 6,117 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
Founded06-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0799216058
Also
9925:BE0799216058
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.