Ithaca Quest
ActiveIthaca Quest has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €92k. Equity is shrinking by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency26▲+9
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.05 in 2024), and 82.8% 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 · 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
Sector 62
lower
← 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
17.2%
Return on assets
68.1%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 16906 sector peers (2025).
NBB · sector comparisonPosition among 16906 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
20 d early
2022
22 d early
2021
on the day
2020
1 d early
2019
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▼ 11.1%
2024 · €26k
2019: €165k
2020: €82k
2021: €149k
2022: €194k
2023: €276k
2024: €26k
2019 → 2025
Total assets
€135k▼ 63.8%
2024 · €373k
2019: €216k
2020: €117k
2021: €198k
2022: €212k
2023: €296k
2024: €373k
2019 → 2025
Net result
€92k▲ 2.3%
2024 · €90k
2019: €20k
2020: €62k
2021: €67k
2022: €45k
2023: €83k
2024: €90k
2019 → 2025
Working capital
€16k▼ 10.7%
2024 · €18k
2019: €155k
2020: €77k
2021: €149k
2022: €192k
2023: €274k
2024: €18k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€194k▲ 29.9%€276k▲ 42.7%€26k▼ 90.5%€23k▼ 11.1%
Operating result€86k-€58k▼ 32.5%€106k▲ 81.9%€114k▲ 8.1%€117k▲ 2.7%
Net result€67k-€45k▼ 33.4%€83k▲ 85.5%€90k▲ 9.1%€92k▲ 2.3%
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 three years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€8k▼ 6.1%
Current assets
€127k▼ 65.1%
Equity and liabilities €135k
Equity
€23k▼ 11.1%
Debt
€112k▼ 67.7%
The debt ratio falls from 93.0% to 82.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€120k▲
2024 · €116k
Cash flow
€94k▲
2024 · €91k
Solvency
17.2%▲
2024 · 7.0%
Current ratio
1.14▲
2024 · 1.05
Quick ratio
1.14▲
2024 · 1.05
Debt / equity
4.80▼
2024 · 13.23
ROE
395.1%▲
2024 · 343.5%
ROA
68.1%▲
2024 · 24.1%
Interest coverage
1186.87▲
2024 · 730.25
Debt
€112k▼
2024 · €347k
Debt ≤ 1 year
€111k▼
2024 · €347k
Income taxes
€25k▲
2024 · €24k
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€373k€135k▼
Fixed assets21/28€8k€8k▼
Tangible fixed assets22/27€8k€8k▼
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€6k€5k▼
Current assets29/58€365k€127k▼
Amounts receivable within one year40/41€20k€20k▼
Trade receivables40€20k€20k▼
Cash at bank and in hand54/58€342k€104k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€373k€135k▼
Equity10/15€26k€23k▼
Contributions10/11€19k€19k=
Reserves13€8k€5k▼
Distributable reserves133€8k€5k▼
Amounts payable17/49€347k€112k▼
Amounts payable within one year42/48€347k€111k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€4k€12k▲
Taxes450/3€4k€9k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€341k€97k▼
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€507€120▼
Gross operating margin9900€116k€120k▲
Operating profit (loss)9901€114k€117k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€158€101▼
Recurring financial charges65€158€101▼
Profit (loss) for the period before taxes9903€114k€117k▲
Income taxes67/77€24k€25k▲
Profit (loss) for the period9904€90k€92k▲
Profit (loss) for the period to be appropriated9905€90k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€346k€92k▼
Profit (loss) brought forward from the previous period14P€256k-
Transfer from equity791/2-€3k
Transfer to equity691/2€6k-
To other reserves6921€6k-
Profit to be distributed694/7€340k€95k▼
Return on contributions (dividend)694€340k€95k▼
The notes to these accounts (7 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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €92k ▲2.3%
Operating result €117k, net result €92k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €276k ▲42.7%
5 profitable years in a row build equity to €276k.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 11.62
Current ratio from 4.13 to 11.62; short-term debt falls from €48k to €18k.
30-06
Financial
Equity above €150kEq €194k ▲29.9%
4 profitable years in a row build equity to €194k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €149k ▲81.3%
3 profitable years in a row build equity to €149k.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
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.
Directors · office · real estate
Directors
2 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, Mortsel · 1 establishment unit since 2016
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.
Haleblok 152640 MortselGround area
364 m²
Building footprint
118 m²
Parcel 11513C0152/00A006, Flanders. Linked by address, not a title deed.
1 establishment unit
Ithaca Quest
since 20162.250.870.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0152/00A006 | Flanders | 364 m² | 1 · 117 m² | - |
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
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BE 0628.907.616
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BLBA Consulting
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G.B. AVIATION
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WANDERPLAN
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Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 13,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2016
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.