iTER Solutions
ActiveSummary
iTER Solutions has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €288k and a net result of €73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 1114 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-14
Solvency51▲+7
Growth80=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.96 in 2023; short-term debt: 55.9% and cash: 18.5% of total assets), and 74.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-05-2025, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d early
2023
44 d early
2022
56 d early
2021
52 d early
2020
65 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.75M▲ 13.6%
2023 · €1.54M
2018: €747k
2019: €895k
2020: €697k
2021: €880k
2022: €1.14M
2023: €1.54M
2018 → 2024
EBIT margin
5.0%▼ 3.3pp
2023 · 8.3%
2018: 3.4%
2019: 4.3%
2020: -6.0%
2021: -0.2%
2022: -4.4%
2023: 8.3%
2018 → 2024
Net result
€73k▼ 37.8%
2023 · €117k
2018: €23k
2019: €38k
2020: €-44k
2021: €-3k
2022: €-56k
2023: €117k
2018 → 2024
Working capital
€46k
2023 · €-20k
2018: €82k
2019: €77k
2020: €12k
2021: €-5k
2022: €-105k
2023: €-20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€697k-€880k▲ 26.2%€1.14M▲ 29.5%€1.54M▲ 34.8%€1.75M▲ 13.6%
Equity€58k-€55k▼ 4.9%€-997€116k€288k▲ 149%
Operating result€-42k-€-2k▲ 95.5%€-51k▼ 2,575%€127k€88k▼ 31.0%
Net result€-44k-€-3k▲ 93.6%€-56k▼ 1,872%€117k€73k▼ 37.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€445k ▲ 167%
Current assets
€670k ▲ 48.0%
Equity and liabilities €1.11M
Equity
€288k ▲ 149%
Debt
€826k ▲ 64.2%
Debt's share of the balance-sheet total falls from 81.3% to 74.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164k▼
2023 · €184k
Cash flow
€149k▼
2023 · €174k
Current ratio
1.07▲
2023 · 0.96
Quick ratio
1.07▲
2023 · 0.95
Debt to equity
2.87▼
2023 · 4.35
ROE
25.2%▼
2023 · 100.9%
ROA
6.5%▼
2023 · 18.9%
Interest coverage
12.81▼
2023 · 13.92
Debt ≤ 1 year
€624k▲
2023 · €472k
Debt > 1 year
€201k▲
2023 · €28k
Income taxes
€2k▲
2023 · €750
Staff costs
€967k▲
2023 · €800k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€619k€1.11M▲
Fixed assets21/28€167k€445k▲
Intangible fixed assets21€32k€186k▲
Tangible fixed assets22/27€134k€259k▲
Plant, machinery and equipment23€99k€172k▲
Furniture and vehicles24€10k€24k▲
Leasing and similar rights25€25k€63k▲
Financial fixed assets28€700€700=
Current assets29/58€452k€670k▲
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€340k€450k▲
Trade receivables40€317k€412k▲
Other amounts receivable41€23k€39k▲
Cash at bank and in hand54/58€100k€206k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€619k€1.11M▲
Equity10/15€116k€288k▲
Contributions10/11€377k€477k▲
Capital10€377k€477k▲
Issued capital100€377k€477k▲
Reserves13€209€209=
Non-distributable reserves130/1€209€209=
Legal reserve130€209€209=
Profit (loss) carried forward14€-261k€-189k▲
Amounts payable17/49€503k€826k▲
Amounts payable after more than one year17€28k€201k▲
Financial debts170/4€28k€201k▲
Amounts payable within one year42/48€472k€624k▲
Current portion of amounts payable after more than one year42€67k€112k▲
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€141k€134k▼
Suppliers440/4€141k€134k▼
Taxes, remuneration and social security45€115k€178k▲
Taxes450/3€18k€29k▲
Remuneration and social security454/9€97k€149k▲
Other amounts payable47/48-€50k
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20232024
Turnover70€1.54M€1.75M▲
Non-recurring operating income76A-€817
Goods, raw materials, services and sundry goods60/61€576k€635k▲
Remuneration, social security and pensions62€800k€967k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€76k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€215-
Other operating charges640/8€9k€9k▲
Gross operating margin9900€994k€1.14M▲
Operating profit (loss)9901€127k€88k▼
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€117k€75k▼
Income taxes67/77€750€2k▲
Profit (loss) for the period9904€117k€73k▼
Profit (loss) for the period to be appropriated9905€117k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-261k€-189k▲
Profit (loss) brought forward from the previous period14P€-378k€-261k▲
Social balance
Average headcount (FTE)908713.019.0▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €288k ▲149%
2 profitable years in a row build equity to €288k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €117k
Net result €117k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €116k
Equity rises from €-997 to €116k.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €103k ▲58.5%
2 profitable years in a row build equity to €103k.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Fernelmont · 1 establishment unit since 2011
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.
Rue du Tronquoy, ZI, Nov. 245380 Fernelmont1 establishment unit
"iTER Solutions"
since 20112.205.163.851
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.iter-solutions.be