ITENSO
ActiveSummary
ITENSO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €950,160 and a net result of €19,101. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-3
Solvency69▲+16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 0.53 in 2023; short-term debt: 22.1% and cash: 0.2% of total assets), but 56.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
16 d early
2022
33 d early
2021
9 d early
2020
27 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€950,160▲ 254%
2023 · €268,060
Total assets
€2.2m▲ 126%
2023 · €960,249
Net result
€19,101▼ 35.9%
2023 · €29,813
Working capital
€368,076
2023 · -€162,890
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€41,253▲ 15.8%€20,815▼ 49.5%€10,518▼ 49.5%-€51,515-€43,479▲ 15.6%
Net result€29,188▲ 64.5%€9,334▼ 68.0%-€2,722€29,813€19,101▼ 35.9%
Equity€159,733▲ 21.6%€169,067▲ 5.8%€166,345▼ 1.6%€268,060▲ 61.1%€950,160▲ 254%
Total assets€340,253▲ 17.0%€952,197▲ 180%€986,489▲ 3.6%€960,249▼ 2.7%€2.2m▲ 126%
Debt€180,520▲ 13.2%€783,130▲ 334%€820,144▲ 4.7%€692,189▼ 15.6%€1.2m▲ 76.4%
Working capital€117,124▲ 23.0%-€65,278-€161,535▼ 147%-€162,890▼ 0.8%€368,076
Staff (FTE)1=1.4▲ 40.0%0.80.8=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,479 in 2024 against €51,515 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.3m ▲ 70.7%
Current assets
€847,317 ▲ 359%
Equity and liabilities €2.2m
Equity
€950,160 ▲ 254%
Debt
€1.2m ▲ 76.4%
Debt's share of the balance-sheet total falls from 72.1% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€21,826▲
2023 · -€38,193
Cash flow
€40,753▼
2023 · €43,134
Current ratio
1.77▲
2023 · 0.53
Quick ratio
1.66▲
2023 · 0.32
Debt to equity
1.29▼
2023 · 2.58
ROE
2.0%▼
2023 · 11.1%
ROA
0.9%▼
2023 · 3.1%
Interest coverage
-0.80▲
2023 · -2.46
Debt ≤ 1 year
€479,242▲
2023 · €347,560
Debt > 1 year
€741,776▲
2023 · €344,629
Income taxes
€124▼
2023 · €3,137
Staff costs
€19,448▼
2023 · €28,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €56,212 | €67,236 | €28,380 | €19,448 | ▼ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,046 | €20,810 | €7,787 | €13,322 | €21,653 | ▲ 62.5% |
| Other operating charges640/8 | - | €488 | €1,042 | €851 | €812 | ▼ 4.6% |
| Gross operating margin9900 | €110,140 | €98,325 | €86,582 | -€8,962 | -€1,566 | ▲ 82.5% |
| Operating profit (loss)9901 | €41,253 | €20,815 | €10,518 | -€51,515 | -€43,479 | ▲ 15.6% |
| Financial income75/76B | - | €49 | €0 | €100,015 | €90,025 | ▼ 10.0% |
| Recurring financial income75 | €59 | €49 | €0 | €100,015 | €90,025 | ▼ 10.0% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €4,356 | €12,144 | €15,550 | €27,321 | ▲ 75.7% |
| Recurring financial charges65 | €1,510 | €4,356 | €12,144 | €15,550 | €27,321 | ▲ 75.7% |
| Profit (loss) for the period before taxes9903 | €40,114 | €16,508 | -€1,626 | €32,950 | €19,225 | ▼ 41.7% |
| Income taxes67/77 | €10,926 | €7,173 | €1,096 | €3,137 | €124 | ▼ 96.0% |
| Profit (loss) for the period9904 | €29,188 | €9,334 | -€2,722 | €29,813 | €19,101 | ▼ 35.9% |
| Profit (loss) for the period to be appropriated9905 | €29,188 | €9,334 | -€2,722 | €29,813 | €19,101 | ▼ 35.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,253 | €952,197 | €986,489 | €960,249 | €2.2m | ▲ 126% |
| Fixed assets21/28 | €66,388 | €762,578 | €762,989 | €775,579 | €1.3m | ▲ 70.7% |
| Intangible fixed assets21 | €13,000 | €6,500 | €5,850 | €5,200 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €48,665 | €34,355 | €35,416 | €48,648 | €37,461 | ▼ 23.0% |
| Land and buildings22 | - | €5,934 | €5,922 | €4,650 | €3,875 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €7,581 | €13,467 | €34,299 | €30,216 | ▼ 11.9% |
| Furniture and vehicles24 | - | €4,495 | €4,542 | €3,073 | €1,604 | ▼ 47.8% |
| Leasing and similar rights25 | - | €16,345 | €11,486 | €6,626 | €1,766 | ▼ 73.3% |
| Financial fixed assets28 | €4,723 | €721,723 | €721,723 | €721,731 | €1.3m | ▲ 78.2% |
| Current assets29/58 | €273,865 | €189,619 | €223,500 | €184,670 | €847,317 | ▲ 359% |
| Stocks and contracts in progress3 | €5,867 | €9,655 | €54,778 | €74,412 | €49,991 | ▼ 32.8% |
| Stocks30/36 | - | €9,655 | €54,778 | €74,412 | €49,991 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €64,086 | €92,880 | €80,161 | €50,980 | €791,898 | ▲ 1,453% |
| Trade receivables40 | - | €78,002 | €64,930 | €46,764 | €164,638 | ▲ 252% |
| Other amounts receivable41 | - | €14,878 | €15,231 | €4,217 | €627,260 | ▲ 14,776% |
| Cash at bank and in hand54/58 | €194,637 | €77,970 | €74,832 | €54,822 | €4,916 | ▼ 91.0% |
| Deferred charges and accrued income490/1 | - | €9,115 | €13,728 | €4,456 | €513 | ▼ 88.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,253 | €952,197 | €986,489 | €960,249 | €2.2m | ▲ 126% |
| Equity10/15 | €159,733 | €169,067 | €166,345 | €268,060 | €950,160 | ▲ 254% |
| Contributions10/11 | - | €37,000 | €37,000 | €37,000 | €700,000 | ▲ 1,792% |
| Reserves13 | €122,733 | €132,067 | €132,067 | €231,060 | €250,160 | ▲ 8.3% |
| Non-distributable reserves130/1 | - | €3,985 | €3,985 | €3,985 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €3,985 | €3,985 | €3,985 | €0 | ▼ 100% |
| Distributable reserves133 | - | €128,082 | €128,082 | €227,075 | €250,160 | ▲ 10.2% |
| Profit (loss) carried forward14 | - | €0 | -€2,722 | - | - | - |
| Amounts payable17/49 | €180,520 | €783,130 | €820,144 | €692,189 | €1.2m | ▲ 76.4% |
| Amounts payable after more than one year17 | €23,604 | €528,233 | €435,109 | €344,629 | €741,776 | ▲ 115% |
| Financial debts170/4 | - | €528,233 | €435,109 | €344,629 | €741,776 | ▲ 115% |
| Amounts payable within one year42/48 | €156,741 | €254,897 | €385,035 | €347,560 | €479,242 | ▲ 37.9% |
| Current portion of amounts payable after more than one year42 | - | €95,371 | €93,124 | €90,085 | €171,469 | ▲ 90.3% |
| Financial debts43 | - | - | €50,000 | €50,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €50,000 | €50,000 | €0 | ▼ 100% |
| Trade debts44 | €14,310 | €23,708 | €112,964 | €22,397 | €57,017 | ▲ 155% |
| Suppliers440/4 | - | €23,708 | €112,964 | €22,397 | €57,017 | ▲ 155% |
| Taxes, remuneration and social security45 | - | €11,966 | €6,576 | €17,969 | €755 | ▼ 95.8% |
| Taxes450/3 | - | €3,652 | €4,076 | €15,391 | €120 | ▼ 99.2% |
| Remuneration and social security454/9 | - | €8,315 | €2,500 | €2,577 | €635 | ▼ 75.4% |
| Other amounts payable47/48 | - | €123,852 | €122,371 | €167,109 | €250,000 | ▲ 49.6% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,188 | €9,334 | -€2,722 | €29,813 | €19,101 | ▼ 35.9% |
| + Depreciation and write-downs630 | €22,046 | €20,810 | €7,787 | €13,322 | €21,653 | ▲ 62.5% |
| Operating cash flow (approximation) | €51,234 | €30,144 | €5,064 | €43,134 | €40,753 | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | -€717,000 | -€8,197 | -€25,911 | -€569,935 | ▼ 2,100% |
| Change in cash | - | -€116,667 | -€3,137 | -€20,011 | -€49,906 | ▼ 149% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.77
Current ratio from 0.53 to 1.77.
31-12
Financial
Equity above €500,000Eq €950,160 ▲254%
2 profitable years in a row build equity to €950,160.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €29,813
Net result €29,813 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €268,060 ▲61.1%
Equity rises from €166,345 to €268,060.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€2,722
Net result drops to -€2,722, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150,000Eq €159,733 ▲21.6%
3 profitable years in a row build equity to €159,733.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waregem · 1 establishment unit since 2001
Ground area
3,291 m²
Building footprint
3,362 m²
Volume, LiDAR
1,552 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pladijsstraat 26, 8540 Deerlijk
since 20012.116.412.217
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0205/00M007 | Flanders | 3,019 m² | 1 · 3,124 m² | 0.1 m |
| 34392D0084/00W004 | Flanders | 272 m² | 1 · 238 m² | 10.5 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.
Structure & network
Owners and holdings
2 owners · 2 holdingsOwners 2
-
25%
-
25%
Holdings 2
- DRS Moldes PortugalPTsubsidiarySourceown accounts 2024100%
-
100%
According to the 2024 annual accounts of ITENSO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 108 companies in sector 25639 we hold annual accounts for 81. 61 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
Founded21-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
25639Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475044335
Also
9925:BE0475044335
Registered
17-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.