ITEL
Dissolution or liquidationFinancials · financial year 2025, micro format
Turnover
€153,355
EBIT margin
-14.7%
Net result
-€16,199▼ 638%
2023 · -€2,195
Working capital
-€2,489
2023 · €35,990
Trend over the years
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result is -€15,684 in 2025, compared with €8,417 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€15,684
2025
Net result-€16,199
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€21,263
2025
Equity-€2,477
2025
Debt€23,740
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2,489
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232025
Turnover€153,355-
Operating result-€22,590--€4,338▲ 80.8%€26,199€8,075▼ 69.2%€8,417▲ 4.2%-€15,684-
Net result-€26,131--€6,417▲ 75.4%€23,853€7,309▼ 69.4%-€2,195-€16,199-
EBIT margin-14.7%-
Equity€1,122--€5,295€18,558€25,867▲ 39.4%€23,671▼ 8.5%-€2,477-
Total assets€58,214-€60,787▲ 4.4%€56,588▼ 6.9%€52,315▼ 7.6%€45,439▼ 13.1%€21,263-
Debt€57,092-€66,082▲ 15.7%€38,030▼ 42.5%€26,448▼ 30.5%€21,767▼ 17.7%€23,740-
Working capital€1,072--€5,345€18,508€25,817▲ 39.5%€35,990▲ 39.4%-€2,489-
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €21,263
Fixed assets
€12 ▼ 99.5%
Current assets
€21,251 ▼ 50.4%
Equity and liabilities
Equity-€2,477
Debt€23,740
Equity is negative: debt (€23,740) exceeds the balance-sheet total (€21,263).
Key figures and ratios
Solvency
-11.7%▼
2023 · 52.1%
Current ratio
0.90▼
2023 · 6.24
ROA
-76.2%▼
2023 · -4.8%
Debt ≤ 1 year
€23,740▲
2023 · €6,867
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €153,355 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €218 | - | - |
| Other operating charges640/8 | - | - | €316 | €3,474 | €295 | - | - |
| Gross operating margin9900 | -€20,666 | -€2,872 | €26,515 | €11,549 | €8,930 | -€15,684 | - |
| Operating profit (loss)9901 | -€22,590 | -€4,338 | €26,199 | €8,075 | €8,417 | -€15,684 | - |
| Financial income75/76B | - | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - | - |
| Financial charges65/66B | - | - | €2,346 | €767 | €1,345 | €515 | - |
| Recurring financial charges65 | €2,287 | €2,079 | €2,346 | €767 | €1,345 | €515 | - |
| Profit (loss) for the period before taxes9903 | -€26,131 | -€6,417 | €23,853 | €7,309 | €7,072 | -€16,199 | - |
| Income taxes67/77 | - | - | - | - | €9,267 | - | - |
| Profit (loss) for the period9904 | -€26,131 | -€6,417 | €23,853 | €7,309 | -€2,195 | -€16,199 | - |
| Profit (loss) for the period to be appropriated9905 | -€26,131 | -€6,417 | €23,853 | €7,309 | -€2,195 | -€16,199 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €58,214 | €60,787 | €56,588 | €52,315 | €45,439 | €21,263 | - |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €2,581 | €12 | - |
| Tangible fixed assets22/27 | - | - | - | - | €1,031 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €1,031 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €1,550 | €12 | - |
| Current assets29/58 | €58,164 | €60,737 | €56,538 | €52,265 | €42,858 | €21,251 | - |
| Stocks and contracts in progress3 | €33,353 | €36,523 | €10,999 | - | - | - | - |
| Stocks30/36 | - | - | €10,999 | - | - | - | - |
| Amounts receivable within one year40/41 | €22,921 | €24,214 | €42,507 | €49,171 | €24,597 | €21,251 | - |
| Trade receivables40 | - | - | €23,724 | €29,464 | €4,243 | - | - |
| Other amounts receivable41 | - | - | €18,782 | €19,707 | €20,354 | €21,251 | - |
| Cash at bank and in hand54/58 | €1,890 | €0 | €3,032 | €3,039 | €18,203 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €55 | €58 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €58,214 | €60,787 | €56,588 | €52,315 | €45,439 | €21,263 | - |
| Equity10/15 | €1,122 | -€5,295 | €18,558 | €25,867 | €23,671 | -€2,477 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Capital10 | - | - | €18,600 | €18,600 | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | €18,600 | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | - | - |
| Other1109/19 | - | - | - | - | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Profit (loss) carried forward14 | -€19,338 | -€25,755 | -€1,902 | €5,407 | €3,211 | -€22,937 | - |
| Amounts payable17/49 | €57,092 | €66,082 | €38,030 | €26,448 | €21,767 | €23,740 | - |
| Amounts payable after more than one year17 | - | - | - | - | €14,900 | - | - |
| Financial debts170/4 | - | - | - | - | €14,900 | - | - |
| Amounts payable within one year42/48 | €57,092 | €66,082 | €38,030 | €26,448 | €6,867 | €23,740 | - |
| Current portion of amounts payable after more than one year42 | - | - | €7,232 | - | - | €8,193 | - |
| Financial debts43 | - | - | - | €5,838 | - | €13,426 | - |
| Credit institutions430/8 | - | - | - | €5,838 | - | €13,426 | - |
| Trade debts44 | €24,356 | €3,723 | €17,324 | €543 | - | €1,253 | - |
| Suppliers440/4 | - | - | €17,324 | €543 | - | €1,253 | - |
| Taxes, remuneration and social security45 | - | - | €13,474 | €20,067 | €6,867 | €869 | - |
| Taxes450/3 | - | - | €8,474 | €869 | €869 | €869 | - |
| Remuneration and social security454/9 | - | - | €5,000 | €19,199 | €5,999 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,131 | -€6,417 | €23,853 | €7,309 | -€2,195 | -€16,199 | - |
| + Depreciation and write-downs630 | - | - | - | - | €218 | - | - |
| Operating cash flow (approximation) | -€26,131 | -€6,417 | €23,853 | €7,309 | -€1,977 | -€16,199 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,749 | - | - |
| Change in cash | - | -€1,890 | €3,032 | €7 | €15,164 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 09-04-2026 | 2026-00077104 |
| 30-09-2023 | micro format | 26-04-2024 | 2024-00081876 |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00076220 |
| 30-09-2021 | micro format | 07-09-2022 | 2022-20423323 |
| 30-09-2020 | full format | 14-01-2022 | 2022-01000332 |
| 30-09-2019 | full format | 30-04-2020 | 2020-11600481 |
| 30-09-2018 | full format | 28-06-2019 | 2019-25600131 |
| 30-09-2017 | full format | 27-08-2018 | 2018-51100176 |
| 30-09-2016 | full format | 22-05-2017 | 2017-13100070 |
| 30-09-2015 | full format | 31-03-2016 | 2016-08900539 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.