ITERSYS
ActiveITERSYS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €297k and a net result of €-38k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-31
Solvency90▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 4.27 in 2024; short-term debt: 35.5% and cash: 66.2% of total assets), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
22 d late
2023
35 d early
2022
12 d early
2021
31 d early
2020
19 d early
2019
29 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-38k
2024 · €40k
2018: €70k
2019: €86k
2020: €17k
2021: €33k
2022: €17k
2023: €53k
2024: €40k
2018 → 2025
Working capital
€269k▼ 7.9%
2024 · €293k
2018: €116k
2019: €210k
2020: €186k
2021: €157k
2022: €171k
2023: €238k
2024: €293k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€225k-€242k▲ 7.5%€295k▲ 21.8%€335k▲ 13.5%€297k▼ 11.3%
Operating result€99k-€106k▲ 6.8%€172k▲ 63.0%€127k▼ 26.3%€92k▼ 27.3%
Net result€33k-€17k▼ 47.9%€53k▲ 211%€40k▼ 24.4%€-38k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €460k
Fixed assets
€28k▼ 34.7%
Current assets
€433k▲ 13.2%
Equity and liabilities €460k
Equity
€297k▼ 11.3%
Debt
€163k▲ 82.2%
The debt ratio rises from 21.1% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €146k
Cash flow
€-18k▼
2024 · €59k
Solvency
64.5%▼
2024 · 78.9%
Current ratio
2.65▼
2024 · 4.27
Quick ratio
2.65▼
2024 · 4.27
Debt / equity
0.55▲
2024 · 0.27
ROE
-12.7%▼
2024 · 11.9%
ROA
-8.2%▼
2024 · 9.4%
Interest coverage
0.86▼
2024 · 1.96
Debt
€163k▲
2024 · €90k
Debt ≤ 1 year
€163k▲
2024 · €90k
Income taxes
€132▼
2024 · €13k
Staff costs
€38k▲
2024 · €22k
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€424k€460k▲
Fixed assets21/28€42k€28k▼
Intangible fixed assets21€31k€16k▼
Tangible fixed assets22/27€10k€11k▲
Plant, machinery and equipment23€891€4k▲
Furniture and vehicles24€9k€7k▼
Financial fixed assets28€1k€699▼
Current assets29/58€382k€433k▲
Amounts receivable within one year40/41€141k€122k▼
Trade receivables40€139k€112k▼
Other amounts receivable41€3k€10k▲
Cash at bank and in hand54/58€235k€305k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€424k€460k▲
Equity10/15€335k€297k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€267k€229k▼
Amounts payable17/49€90k€163k▲
Amounts payable within one year42/48€90k€163k▲
Current portion of amounts payable after more than one year42€645€723▲
Trade debts44€61k€60k▼
Suppliers440/4€61k€60k▼
Taxes, remuneration and social security45€11k€21k▲
Taxes450/3€11k€16k▲
Remuneration and social security454/9€541€4k▲
Other amounts payable47/48€17k€81k▲
Income statement
Code20242025
Remuneration, social security and pensions62€22k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€14k€15k▲
Gross operating margin9900€183k€165k▼
Operating profit (loss)9901€127k€92k▼
Financial income75/76B€120€165▲
Recurring financial income75€120€165▲
Financial charges65/66B€75k€130k▲
Recurring financial charges65€75k€130k▲
Profit (loss) for the period before taxes9903€53k€-38k▼
Income taxes67/77€13k€132▼
Profit (loss) for the period9904€40k€-38k▼
Profit (loss) for the period to be appropriated9905€40k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€267k€229k▼
Profit (loss) brought forward from the previous period14P€227k€267k▲
Social balance
Average headcount (FTE)90870.21.0▲
The notes to these accounts (9 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet €-38k ▼194%
Net result drops to €-38k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €225k ▲17%
4 profitable years in a row build equity to €225k.
12-07
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
Highest result since 2018net €86k ▲21.6%
Operating result €187k, net result €86k, both a record.
31-12
Financial
Equity above €200kEq €225k ▲61.4%
2 profitable years in a row build equity to €225k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
28-07
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
12 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1996
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.
Livornostraat 71060 Sint-Gillis (bij-Brussel)Ground area
4,310 m²
Building footprint
692 m²
Volume, LiDAR
12,598 m³
Parcel 21013B0040/00C021, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Livornostraat 7, 1060 Sint-Gillis (bij-Brussel)
since 19962.076.270.548
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00C021 | Brussels | 4,310 m² | 1 · 692 m² | 28.8 m · 8 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
Legal Entity Identifier
254900XJXS7INEMMHN88
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,755. 2,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-03-1996
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
73120Media representation
74401
74402
58190Other publishing activities, excluding software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.itersys.com
E-mail:Info@Itersys.com