ITERATE
ActiveSummary
ITERATE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,404 and a net result of €39,951. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency96▲+52
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.61 against 0.97 in 2024; short-term debt: 23.3% and cash: 24% of total assets), and 28.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.2%
Return on assets
47.9%
Age of the figures
9 mo
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 €59,404
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
30 d early
2023
31 d early
2022
4 d early
2021
31 d early
2020
31 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,404▲ 205%
2024 · €19,453
Total assets
€83,468▼ 19.0%
2024 · €103,062
Net result
€39,951▼ 12.6%
2024 · €45,734
Working capital
€31,309
2024 · -€2,270
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
Line20212022202320242025
Operating result€49,416▲ 38.5%€46,552▼ 5.8%€74,464▲ 60.0%€60,880▼ 18.2%€52,724▼ 13.4%
Net result€37,006▲ 39.5%€32,818▼ 11.3%€56,128▲ 71.0%€45,734▼ 18.5%€39,951▼ 12.6%
Equity€47,661▲ 124%€48,479▲ 1.7%€19,453▼ 59.9%€19,453=€59,404▲ 205%
Total assets€77,050▼ 35.0%€93,104▲ 20.8%€98,294▲ 5.6%€103,062▲ 4.9%€83,468▼ 19.0%
Debt€29,389▼ 69.8%€44,626▲ 51.8%€78,841▲ 76.7%€83,608▲ 6.0%€24,064▼ 71.2%
Working capital€35,088▲ 213%€39,196▲ 11.7%€7,994▼ 79.6%-€2,270€31,309
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,468
Fixed assets
€32,750 ▼ 7.5%
Current assets
€50,718 ▼ 25.0%
Equity and liabilities €83,468
Equity
€59,404 ▲ 205%
Debt
€24,064 ▼ 71.2%
Debt's share of the balance-sheet total falls from 81.1% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,616▼
2024 · €68,386
Cash flow
€50,844▼
2024 · €53,240
Current ratio
2.61▲
2024 · 0.97
Debt to equity
0.41▼
2024 · 4.30
ROE
67.3%▼
2024 · 235.1%
ROA
47.9%▲
2024 · 44.4%
Interest coverage
50.05▲
2024 · 29.02
Debt ≤ 1 year
€19,410▼
2024 · €69,932
Debt > 1 year
€4,654▼
2024 · €13,676
Income taxes
€11,502▼
2024 · €12,790
Staff costs
€8,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €8,741 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,628 | €3,291 | €3,936 | €7,506 | €10,893 | ▲ 45.1% |
| Other operating charges640/8 | €9,439 | €9,873 | €1,629 | €999 | €814 | ▼ 18.6% |
| Gross operating margin9900 | €61,482 | €59,716 | €80,029 | €69,386 | €73,172 | ▲ 5.5% |
| Operating profit (loss)9901 | €49,416 | €46,552 | €74,464 | €60,880 | €52,724 | ▼ 13.4% |
| Financial income75/76B | €473 | €47 | €14 | €0 | €0 | ▼ 45.5% |
| Recurring financial income75 | €473 | €47 | €14 | €0 | €0 | ▼ 45.5% |
| Financial charges65/66B | €1,876 | €3,045 | €2,775 | €2,356 | €1,271 | ▼ 46.1% |
| Recurring financial charges65 | €1,876 | €3,045 | €2,775 | €2,356 | €1,271 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | €48,013 | €43,555 | €71,703 | €58,524 | €51,453 | ▼ 12.1% |
| Income taxes67/77 | €11,007 | €10,737 | €15,575 | €12,790 | €11,502 | ▼ 10.1% |
| Profit (loss) for the period9904 | €37,006 | €32,818 | €56,128 | €45,734 | €39,951 | ▼ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €37,006 | €32,818 | €56,128 | €45,734 | €39,951 | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,050 | €93,104 | €98,294 | €103,062 | €83,468 | ▼ 19.0% |
| Fixed assets21/28 | €12,574 | €9,283 | €11,459 | €35,400 | €32,750 | ▼ 7.5% |
| Tangible fixed assets22/27 | €12,574 | €9,283 | €11,459 | €35,400 | €32,750 | ▼ 7.5% |
| Land and buildings22 | €968 | €938 | €907 | €876 | €8,299 | ▲ 847% |
| Plant, machinery and equipment23 | €8,685 | €5,779 | €5,597 | €3,814 | €2,242 | ▼ 41.2% |
| Furniture and vehicles24 | €2,921 | €2,566 | €4,955 | €30,709 | €22,209 | ▼ 27.7% |
| Current assets29/58 | €64,476 | €83,822 | €86,835 | €67,662 | €50,718 | ▼ 25.0% |
| Amounts receivable after more than one year29 | €10,000 | - | - | - | - | - |
| Other amounts receivable291 | €10,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,593 | €4,749 | €17,424 | €16,967 | €29,879 | ▲ 76.1% |
| Trade receivables40 | €21,174 | €4,749 | €17,424 | €16,967 | €29,381 | ▲ 73.2% |
| Other amounts receivable41 | €419 | - | - | - | €498 | - |
| Cash at bank and in hand54/58 | €28,583 | €76,715 | €66,946 | €50,406 | €19,991 | ▼ 60.3% |
| Deferred charges and accrued income490/1 | €4,300 | €2,358 | €2,464 | €289 | €847 | ▲ 193% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,050 | €93,104 | €98,294 | €103,062 | €83,468 | ▼ 19.0% |
| Equity10/15 | €47,661 | €48,479 | €19,453 | €19,453 | €59,404 | ▲ 205% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,061 | €29,879 | €853 | €853 | €40,804 | ▲ 4,683% |
| Non-distributable reserves130/1 | €1,660 | €1,660 | - | - | - | - |
| Reserves not available under the articles1311 | €1,660 | €1,660 | - | - | - | - |
| Tax-exempt reserves132 | €853 | €853 | €853 | €853 | €853 | = |
| Distributable reserves133 | €26,548 | €27,366 | - | - | €39,951 | - |
| Amounts payable17/49 | €29,389 | €44,626 | €78,841 | €83,608 | €24,064 | ▼ 71.2% |
| Amounts payable after more than one year17 | - | - | - | €13,676 | €4,654 | ▼ 66.0% |
| Financial debts170/4 | - | - | - | €13,676 | €4,654 | ▼ 66.0% |
| Amounts payable within one year42/48 | €29,389 | €44,626 | €78,841 | €69,932 | €19,410 | ▼ 72.2% |
| Current portion of amounts payable after more than one year42 | €842 | €850 | €856 | €9,675 | €10,047 | ▲ 3.8% |
| Trade debts44 | €1,172 | €2,846 | €1,559 | €1,014 | €684 | ▼ 32.5% |
| Suppliers440/4 | €1,172 | €2,846 | €1,559 | €1,014 | €684 | ▼ 32.5% |
| Taxes, remuneration and social security45 | €9,374 | €15,893 | €15,103 | €17,931 | €8,678 | ▼ 51.6% |
| Taxes450/3 | €9,374 | €15,893 | €15,103 | €17,931 | €7,577 | ▼ 57.7% |
| Remuneration and social security454/9 | - | - | - | - | €1,101 | - |
| Other amounts payable47/48 | €18,000 | €25,036 | €61,322 | €41,313 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,006 | €32,818 | €56,128 | €45,734 | €39,951 | ▼ 12.6% |
| + Depreciation and write-downs630 | €2,628 | €3,291 | €3,936 | €7,506 | €10,893 | ▲ 45.1% |
| Operating cash flow (approximation) | €39,634 | €36,108 | €60,064 | €53,240 | €50,844 | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | €0 | -€6,112 | -€31,447 | -€8,243 | ▲ 73.8% |
| Change in cash | - | €48,131 | -€9,769 | -€16,540 | -€30,415 | ▼ 83.9% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 2.61
Current ratio from 0.97 to 2.61; short-term debt falls from €69,932 to €19,410.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €56,128 ▲71%
Operating result €74,464, net result €56,128, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Antwerpen · 1 establishment unit since 2016
Ground area
113 m²
Building footprint
65 m²
Volume, LiDAR
758 m³
Parcel 11003A0129/00Y003, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ITERATE
since 20162.254.288.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0129/00Y003 | Flanders | 113 m² | 1 · 65 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,455 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
Founded02-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
93299Other amusement and recreation activities
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655847781
Also
9925:BE0655847781
Registered
11-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.