ITExp
ActiveSummary
ITExp has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73,291 and a net result of €15,209. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+1
Solvency56▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.09 in 2023; short-term debt: 13.7% and cash: 14.8% of total assets), and 69.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30.7%
Return on assets
6.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 23%
← weakest
strongest →
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 31-07-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
2 d early
2022
1 d late
2021
10 d late
2020
18 d late
2019
18 d early
← 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 2 days after 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€73,291▲ 11.8%
2023 · €65,582
Total assets
€238,491▼ 3.6%
2023 · €247,368
Net result
€15,209▲ 0.5%
2023 · €15,126
Working capital
€4,604▲ 56.6%
2023 · €2,940
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€14,339▲ 56.8%€19,048▲ 32.8%€5,357▼ 71.9%€25,864▲ 383%€27,404▲ 6.0%
Net result€8,398▲ 112%€9,969▲ 18.7%-€199€15,126€15,209▲ 0.5%
Equity€48,185▲ 21.1%€58,155▲ 20.7%€57,956▼ 0.3%€65,582▲ 13.2%€73,291▲ 11.8%
Total assets€153,447▼ 1.4%€162,689▲ 6.0%€162,058▼ 0.4%€247,368▲ 52.6%€238,491▼ 3.6%
Debt€105,262▼ 9.2%€104,534▼ 0.7%€104,103▼ 0.4%€181,786▲ 74.6%€165,200▼ 9.1%
Working capital€26,692▲ 115%€39,119▲ 46.6%€36,027▼ 7.9%€2,940▼ 91.8%€4,604▲ 56.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €238,491
Fixed assets
€201,122 ▼ 5.3%
Current assets
€37,369 ▲ 6.7%
Equity and liabilities €238,491
Equity
€73,291 ▲ 11.8%
Debt
€165,200 ▼ 9.1%
Debt's share of the balance-sheet total falls from 73.5% to 69.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,859▲
2023 · €34,483
Cash flow
€26,664▲
2023 · €23,746
Current ratio
1.14▲
2023 · 1.09
Debt to equity
2.25▼
2023 · 2.77
ROE
20.8%▼
2023 · 23.1%
ROA
6.4%▲
2023 · 6.1%
Interest coverage
6.60▲
2023 · 6.31
Debt ≤ 1 year
€32,765▲
2023 · €32,072
Debt > 1 year
€130,412▼
2023 · €147,692
Income taxes
€6,404▲
2023 · €5,336
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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €114,849 | €125,237 | €123,157 | €117,590 | ▼ 4.5% |
| Remuneration, social security and pensions62 | - | - | €2,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,261 | €10,097 | €8,357 | €8,619 | €11,455 | ▲ 32.9% |
| Other operating charges640/8 | - | €1,777 | €1,681 | €487 | €541 | ▲ 11.2% |
| Gross operating margin9900 | €28,382 | €30,922 | €17,395 | €34,970 | €39,400 | ▲ 12.7% |
| Operating profit (loss)9901 | €14,339 | €19,048 | €5,357 | €25,864 | €27,404 | ▲ 6.0% |
| Financial income75/76B | - | - | - | €60 | €102 | ▲ 69.5% |
| Recurring financial income75 | - | - | - | €60 | €102 | ▲ 69.5% |
| Financial charges65/66B | - | €4,791 | €3,363 | €5,462 | €5,892 | ▲ 7.9% |
| Recurring financial charges65 | €2,834 | €2,651 | €3,363 | €5,462 | €5,892 | ▲ 7.9% |
| Non-recurring financial charges66B | - | €2,140 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €11,505 | €14,257 | €1,995 | €20,462 | €21,614 | ▲ 5.6% |
| Income taxes67/77 | €3,107 | €4,287 | €2,194 | €5,336 | €6,404 | ▲ 20.0% |
| Profit (loss) for the period9904 | €8,398 | €9,969 | -€199 | €15,126 | €15,209 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €8,398 | €9,969 | -€199 | €15,126 | €15,209 | ▲ 0.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,447 | €162,689 | €162,058 | €247,368 | €238,491 | ▼ 3.6% |
| Fixed assets21/28 | €107,357 | €98,593 | €101,467 | €212,357 | €201,122 | ▼ 5.3% |
| Intangible fixed assets21 | €1,231 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €106,126 | €98,593 | €101,467 | €212,357 | €200,902 | ▼ 5.4% |
| Land and buildings22 | - | €95,267 | €88,879 | €206,167 | €196,009 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €1,586 | €4,164 | €5,945 | €4,746 | ▼ 20.2% |
| Furniture and vehicles24 | - | €1,740 | €8,424 | €245 | €147 | ▼ 40.2% |
| Financial fixed assets28 | - | - | - | - | €220 | - |
| Current assets29/58 | €46,090 | €64,096 | €60,591 | €35,011 | €37,369 | ▲ 6.7% |
| Amounts receivable within one year40/41 | €14,875 | €27,179 | €21,951 | €12,432 | €1,332 | ▼ 89.3% |
| Trade receivables40 | - | €26,032 | €12,500 | €12,432 | €1,332 | ▼ 89.3% |
| Other amounts receivable41 | - | €1,147 | €9,451 | - | - | - |
| Cash at bank and in hand54/58 | €31,215 | €36,917 | €38,640 | €21,838 | €35,240 | ▲ 61.4% |
| Deferred charges and accrued income490/1 | - | - | - | €742 | €797 | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,447 | €162,689 | €162,058 | €247,368 | €238,491 | ▼ 3.6% |
| Equity10/15 | €48,185 | €58,155 | €57,956 | €65,582 | €73,291 | ▲ 11.8% |
| Contributions10/11 | - | €13,650 | €13,650 | €13,650 | €13,650 | = |
| Reserves13 | €1,727 | €1,860 | €1,860 | €8,860 | €15,860 | ▲ 79.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €7,000 | €14,000 | ▲ 100% |
| Profit (loss) carried forward14 | €32,809 | €42,645 | €42,446 | €43,072 | €43,781 | ▲ 1.6% |
| Amounts payable17/49 | €105,262 | €104,534 | €104,103 | €181,786 | €165,200 | ▼ 9.1% |
| Amounts payable after more than one year17 | €85,155 | €78,849 | €78,768 | €147,692 | €130,412 | ▼ 11.7% |
| Financial debts170/4 | - | €78,849 | €78,768 | €147,692 | €130,412 | ▼ 11.7% |
| Amounts payable within one year42/48 | €19,399 | €24,977 | €24,564 | €32,072 | €32,765 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €6,306 | €7,960 | €16,881 | €17,280 | ▲ 2.4% |
| Trade debts44 | €401 | €339 | €199 | €407 | €261 | ▼ 35.9% |
| Suppliers440/4 | - | €339 | €199 | €407 | €261 | ▼ 35.9% |
| Taxes, remuneration and social security45 | - | €17,912 | €16,406 | €6,121 | €7,669 | ▲ 25.3% |
| Taxes450/3 | - | €3,480 | €1,763 | €3,521 | €5,069 | ▲ 44.0% |
| Remuneration and social security454/9 | - | €14,432 | €14,643 | €2,600 | €2,600 | = |
| Other amounts payable47/48 | - | €421 | - | €8,663 | €7,556 | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | €709 | €771 | €2,023 | €2,023 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,398 | €9,969 | -€199 | €15,126 | €15,209 | ▲ 0.5% |
| + Depreciation and write-downs630 | €10,261 | €10,097 | €8,357 | €8,619 | €11,455 | ▲ 32.9% |
| Operating cash flow (approximation) | €18,660 | €20,067 | €8,158 | €23,746 | €26,664 | ▲ 12.3% |
| Investment in fixed assets (approximation) | - | -€1,333 | -€11,231 | -€119,509 | -€220 | ▲ 99.8% |
| Change in cash | - | €5,702 | €1,723 | -€16,802 | €13,402 | ▲ 180% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €15,209 ▲0.5%
Operating result €27,404, net result €15,209, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €15,126
Net result €15,126 after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet -€199
Net result drops to -€199, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Liège · 1 establishment unit since 2017
Ground area
905 m²
Building footprint
107 m²
Volume, LiDAR
589 m³
Parcel 62113A1296/00E008, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ITExp
since 20172.259.810.978
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113A1296/00E008 | Wallonia | 905 m² | 1 · 107 m² | 7.5 m · 2 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.
Similar companies · same sector, comparable size
Lemon iT
BE 0793.904.319
Pont-à-Celles · Eq €73,274
Program Poetic
BE 0787.895.465
Aalst · Eq €73,317
IT TRIO
BE 0834.746.861
Schaarbeek · Eq €73,255
SMOOTHLY
BE 0893.981.791
Waterloo · Eq €73,205
Lièjoe
BE 1018.896.314
Sint-Genesius-Rode · Eq €73,378
Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,927 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 (pre-2019)
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.