ITHACA
ActiveITHACA has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320k and a net result of €64k. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-9
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.13 against 4.93 in 2024; short-term debt: 10.7% and cash: 97.4% of total assets), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
89.3%
Return on assets
17.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
30 d late
2022
21 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€320k▲ 25.0%
2024 · €256k
2022: €73k
2023: €173k
2024: €256k
2022 → 2025
Total assets
€358k▲ 12.6%
2024 · €318k
2022: €84k
2023: €238k
2024: €318k
2022 → 2025
Net result
€64k▼ 22.2%
2024 · €82k
2022: €72k
2023: €101k
2024: €82k
2022 → 2025
Working capital
€312k▲ 27.5%
2024 · €245k
2022: €71k
2023: €169k
2024: €245k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€73k-€173k▲ 139%€256k▲ 47.5%€320k▲ 25.0%
Operating result€100k-€120k▲ 19.2%€111k▼ 7.5%€83k▼ 25.4%
Net result€72k-€101k▲ 39.6%€82k▼ 18.3%€64k▼ 22.2%
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 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358k
Fixed assets
€7k▼ 31.9%
Current assets
€351k▲ 14.2%
Equity and liabilities €358k
Equity
€320k▲ 25.0%
Debt
€38k▼ 38.3%
The debt ratio falls from 19.6% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2024 · €114k
Cash flow
€67k▼
2024 · €86k
Solvency
89.3%▲
2024 · 80.4%
Current ratio
9.13▲
2024 · 4.93
Quick ratio
9.13▲
2024 · 4.93
Debt / equity
0.12▼
2024 · 0.24
ROE
20.0%▼
2024 · 32.2%
ROA
17.9%▼
2024 · 25.9%
Interest coverage
572.75▼
2024 · 922.52
Debt
€38k▼
2024 · €62k
Debt ≤ 1 year
€38k▼
2024 · €62k
Income taxes
€18k▼
2024 · €32k
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€318k€358k▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€307k€351k▲
Amounts receivable within one year40/41€78k€2k▼
Trade receivables40€566€566=
Other amounts receivable41€77k€1k▼
Cash at bank and in hand54/58€229k€349k▲
Equity and liabilities
Total equity and liabilities10/49€318k€358k▲
Equity10/15€256k€320k▲
Contributions10/11€500€500=
Reserves13€255k€255k=
Distributable reserves133€255k€255k=
Profit (loss) carried forward14-€64k
Amounts payable17/49€62k€38k▼
Amounts payable within one year42/48€62k€38k▼
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€56k€32k▼
Taxes450/3€54k€32k▼
Remuneration and social security454/9€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€400€1k▲
Gross operating margin9900€114k€87k▼
Operating profit (loss)9901€111k€83k▼
Financial income75/76B€4k€9▼
Recurring financial income75€4k€9▼
Financial charges65/66B€124€150▲
Recurring financial charges65€124€150▲
Profit (loss) for the period before taxes9903€114k€82k▼
Income taxes67/77€32k€18k▼
Profit (loss) for the period9904€82k€64k▼
Profit (loss) for the period to be appropriated9905€82k€64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€64k▼
Transfer to equity691/2€82k-
To other reserves6921€82k-
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €64k ▼22.2%
Net result drops to €64k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Equity above €200kEq €256k ▲47.5%
3 profitable years in a row build equity to €256k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €101k ▲39.6%
Operating result €120k, net result €101k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲139%
2 profitable years in a row build equity to €173k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2021
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.
Ernest Solvaystraat 251050 ElseneGround area
156 m²
Building footprint
108 m²
Volume, LiDAR
1,788 m³
Parcel 21009A0631/00K000, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ITHACA
since 20212.321.270.376
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0631/00K000 | Brussels | 156 m² | 1 · 108 m² | 19.6 m · 6 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.
Similar companies · same sector, comparable size
Rymius Legal Solutions
BE 0860.354.663
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BE 0544.887.206
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Advocatenkantoor Pieter Nobels
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Jacubowitz, Vastmans & associés, Cabinet d'avocats - Advocatenkantoor Jacubowitz, Vastmans & vennoten
BE 0725.840.805
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CORTHOUTS Advocaten
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Of 22,049 companies in sector 69101 we hold annual accounts for 9,048. 6,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2021
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.