ITEMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.28M and a net result of €386k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 5498 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.28M
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
8 d early
2023
28 d early
2022
12 d early
2021
17 d early
2020
27 d late
2019
8 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.28M▲ 42.1%
2024 · €904k
2018: €192k
2019: €195k
2020: €214k
2021: €223k
2022: €223k
2023: €320k
2024: €904k
2018 → 2025
Net result
€386k▼ 34.4%
2024 · €588k
2018: €119k
2019: €25k
2020: €18k
2021: €18k
2022: €37k
2023: €176k
2024: €588k
2018 → 2025
Total assets
€2.16M▼ 18.6%
2024 · €2.65M
2018: €675k
2019: €644k
2020: €650k
2021: €655k
2022: €698k
2023: €2.36M
2024: €2.65M
2018 → 2025
Solvency
59.5%▲ 25.4pp
2024 · 34.1%
2018: 28.5%
2019: 30.3%
2020: 32.9%
2021: 34.1%
2022: 32.0%
2023: 13.6%
2024: 34.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€223k=€320k▲ 43.1%€904k▲ 183%€1.28M▲ 42.1%
Operating result€22k-€52k▲ 132%€242k▲ 365%€869k▲ 259%€588k▼ 32.4%
Net result€18k-€37k▲ 110%€176k▲ 379%€588k▲ 233%€386k▼ 34.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.16M
Fixed assets
€1k▲ 521%
Current assets
€2.16M▼ 18.6%
Equity and liabilities €2.16M
Equity
€1.28M▲ 42.1%
Debt
€873k▼ 50.0%
The debt ratio falls from 65.9% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
59.5%▲
2024 · 34.1%
ROE
30.1%▼
2024 · 65.1%
ROA
17.9%▼
2024 · 22.2%
Debt
€873k▼
2024 · €1.75M
Debt ≤ 1 year
€873k▼
2024 · €1.75M
Income taxes
€184k▼
2024 · €277k
Staff costs
€85k▲
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.65M€2.16M▼
Fixed assets21/28€206€1k▲
Tangible fixed assets22/27€18€1k▲
Furniture and vehicles24€18€1k▲
Financial fixed assets28€188€188=
Current assets29/58€2.65M€2.16M▼
Stocks and contracts in progress3€865k€108k▼
Stocks30/36€865k€108k▼
Amounts receivable within one year40/41€478k€329k▼
Trade receivables40€161k€103k▼
Other amounts receivable41€317k€226k▼
Cash at bank and in hand54/58€1.29M€1.70M▲
Deferred charges and accrued income490/1€18k€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.65M€2.16M▼
Equity10/15€904k€1.28M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€614k€995k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€24k€24k=
Distributable reserves133€584k€965k▲
Profit (loss) carried forward14€228k€228k=
Amounts payable17/49€1.75M€873k▼
Amounts payable within one year42/48€1.75M€873k▼
Trade debts44€1.04M€329k▼
Suppliers440/4€1.04M€329k▼
Taxes, remuneration and social security45€349k€197k▼
Taxes450/3€340k€187k▼
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€352k€347k▼
Income statement
Code20242025
Remuneration, social security and pensions62€81k€85k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€147▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€138€340▲
Other operating charges640/8€895€1k▲
Non-recurring operating charges66A-€149
Gross operating margin9900€953k€675k▼
Operating profit (loss)9901€869k€588k▼
Financial income75/76B€79-
Recurring financial income75€79-
Financial charges65/66B€4k€18k▲
Recurring financial charges65€4k€18k▲
Profit (loss) for the period before taxes9903€865k€570k▼
Income taxes67/77€277k€184k▼
Profit (loss) for the period9904€588k€386k▼
Profit (loss) for the period to be appropriated9905€588k€386k▼
Appropriation of the result
Profit (loss) to be appropriated9906€816k€614k▼
Profit (loss) brought forward from the previous period14P€228k€228k=
Transfer to equity691/2€584k€381k▼
To other reserves6921€584k€381k▼
Profit to be distributed694/7€4k€5k▲
Employees696€4k€5k▲
The notes to these accounts (5 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.28M ▲42.1%
8 profitable years in a row build equity to €1.28M.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €588k ▲233%
Operating result €869k, net result €588k, both a record.
31-12
Financial
Equity above €500kEq €904k ▲183%
7 profitable years in a row build equity to €904k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 7current ratio 1.16
Current ratio from 0.17 to 1.16.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €18k ▼5%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €200kEq €214k ▲9.7%
3 profitable years in a row build equity to €214k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Vorst · 1 establishment unit since 2001
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.
Bondgenotenstraat 2161190 VorstGround area
2,305 m²
Building footprint
283 m²
Volume, LiDAR
5,474 m³
Parcel 21007A0069/00A072, Brussels · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Bondgenotenstraat 216, 1190 Vorst
since 20012.098.558.376
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00A072 | Brussels | 2,305 m² | 1 · 283 m² | 23.3 m · 7 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.098.558.376
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 12,110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-07-2001
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.