Equity
€1.1m from €2.2m in 2006
Equity fell by 49% in 19 years.
ITEF
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €447,728 (2006)
€110,321▼ 9.9%
lowest -€66,989 (2014)
€17,045▼ 34.6%
peak €2.2m (2006)
€1.1m▲ 1.5%
€301,986▼ 16.5%
peak 1 FTE (2006)
-not published
Board11 names since 2019
4 directorsBarbara de Fierlant Dormer and 3 others
Documentsfilings and deeds
21-05-202671 days before the deadline
2025micro format
Result from €26,063 to €17,045Debts from €361,535 to €301,986
Key points
from the 2025 annual accountsStaff
1 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 59 to 80 days before the end of the period.
At the same address
395 companies
Board
4 joined
New directors. Latest change 07-05-2026 · 4 in office.
Position in the sector
€1.1m
More equity than 93% of companies in real estate. Sector median €73,060 · 17,215 companies.
Checked score
96
Excellent
Financially stronger than 64% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.55, cash €12,359
lowers risk
Size: total assets €1.4m
Figures for financial year 2025 (filed on 23-05-2026)
Equity €1.1m (78.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 56% on liquidity, 59% on profitability and 51% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as ITEF has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITEF itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for ITEF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.55 (0.26 in 2024), below 1. Short-term debt is 2.2% and cash 0.9% of total assets. 21.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
78 days early
2023
62 days early
2022
80 days early
2021
59 days early
2020
57 days early
2019
56 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 66 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
4 directors reappointed
Barbara de Fierlant Dormer, Harold de Fierlant Dormer (chair), Diego de Fierlant Dormer (managing director) and Lorraine de Fierlant Dormer · General meeting of 07-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0416137522
Capital decrease of €690,000 to €310,000
Capital from €1,000,000 to €310,000 · General meeting of 24-11-2020 · Gazette deed
4 directors appointed, 2 resignations
Resignations: Baron Thierry de Fierlant Dormer and François des Cressonnières · Appointments: Baronne de FIERLANT DORMER Barbara, Baron de FIERLANT DORMER Harold (chair of the board), Baron de FIERLANT DORMER Diego (managing director) and Baronne de FIERLANT DORMER Lorraine · Director discharge: Baron Thierry de Fierlant Dormer · General meeting of 15-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITEF Ixelles | €1.4m | €110,321 | 78.9% | - |
| Société immobilière Garo Uccle | €1.6m | €84,230 | 95.8% | - |
| NICSTEE Auderghem | €1.6m | €134,510 | 51.5% | - |
| APRODEC BOUWONDERNEMING Antwerp | €1.4m | €125,475 | 31.4% | 0.7 |
| EGLANTIER Kontich | €1.3m | €141,135 | 95.7% | - |
| Bureau d'Etudes BLAVIER Liège | €1.4m | €153,102 | 82.9% | - |
| SELECT BUILDING Bruges | €1.3m | €118,509 | -5.9% | - |
These companies have the same main activity as ITEF: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €1.6m, founded between 1973 and 1982.
Official details
Source: KBO- Status
- Active since 06-07-1976Normal situation
- Registered office
- 396 active companies are registered at this address30 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.012.533.6301050 Ixelles, since 26-07-1976
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- ≈ €200,000estimated
- €1.4m▼ 2.9%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on ITEF
ITEF files the micro format. That format states no turnover. The gross margin fell from €447,728 in 2006 to €110,321 in 2025.
In July 2026, the Official Gazette published the appointment of Diego de Fierlant Dormer as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ITEF
- What is the company number of ITEF?
- The company number of ITEF is 0416.137.522. The VAT number is the same number with BE in front: BE 0416.137.522.
- Where is ITEF based?
- The registered office is at Marsveldplein 5, 1050 Ixelles.Company details
- What does ITEF do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of ITEF?
- ITEF is a public limited company (NV).
- When was ITEF founded?
- ITEF was founded on 06-07-1976.
- Is ITEF still active?
- Yes, ITEF is an active enterprise in the KBO register.
- How many employees does ITEF have?
- ITEF had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ITEF?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €110,321 and 49 comparable companies (NACE 681). It probably lies between €150,000 and €370,000. In financial year 2020 turnover was €199,713.
- Is ITEF profitable?
- In financial year 2025, ITEF made a profit of €17,045.
- Where can I find the annual accounts of ITEF?
- ITEF filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ITEF due?
- ITEF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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