ITHAGI
ActiveSummary
For ITHAGI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€8,279) and a net result of -€944. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 5% of 18490 sector peers (fiscal year 2023). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability8▲+2
Solvency0=
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and 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 2023Solvency, return and age of the figures
Solvency
-47.7%
Return on assets
-5.4%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-09-2024, 55 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
not confirmed
2024
not filed
2023
55 d late
2022
17 d late
2021
268 d late
2020
16 d early
2019
349 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 135 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
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Financials · fiscal year 2023, micro schema
Turnover
€281▲ 26.0%
2022 · €223
EBIT margin
-160.1%▲ 560.9pp
2022 · -721.1%
Net result
-€944▲ 42.6%
2022 · -€1,646
Working capital
€3,708▼ 20.3%
2022 · €4,652
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€5,416▲ 16.8%€3,084▼ 43.1%€1,608▼ 47.9%€223▼ 86.1%€281▲ 26.0%
Operating result€1,428-€139-€1,612▼ 1,060%-€1,608▲ 0.2%-€450▲ 72.0%
Net result€861€9,207within the sector's middle half▲ 969%-€1,614below the sector's middle half-€1,646below the sector's middle half▼ 2.0%-€944below the sector's middle half▲ 42.6%
EBIT margin26.4%▲ 104.4pp-4.5%▼ 30.9pp-100.2%▼ 95.7pp-721.1%▼ 620.8pp-160.1%▲ 560.9pp
Equity-€13,282▲ 6.1%-€4,075below the sector's middle half▲ 69.3%-€5,689below the sector's middle half▼ 39.6%-€7,335below the sector's middle half▼ 28.9%-€8,279below the sector's middle half▼ 12.9%
Total assets€23,141▲ 49.9%€29,725below the sector's middle half▲ 28.5%€26,494below the sector's middle half▼ 10.9%€22,196below the sector's middle half▼ 16.2%€17,342below the sector's middle half▼ 21.9%
Debt€36,423▲ 23.1%€33,800▼ 7.2%€32,183▼ 4.8%€29,531▼ 8.2%€25,621▼ 13.2%
Working capital€7,047€13,091within the sector's middle half▲ 85.8%€8,797below the sector's middle half▼ 32.8%€4,652below the sector's middle half▼ 47.1%€3,708below the sector's middle half▼ 20.3%
Solvency-57.4%▲ 34.2pp-13.7%below the sector's middle half▲ 43.7pp-21.5%below the sector's middle half▼ 7.8pp-33.0%below the sector's middle half▼ 11.6pp-47.7%below the sector's middle half▼ 14.7pp
Current ratio1.49▲ 0.681.85within the sector's middle half▲ 0.371.52within the sector's middle half▼ 0.331.27below the sector's middle half▼ 0.251.28below the sector's middle half▲ 0.01
Return on assets (ROA)3.7%▲ 12.7pp31.0%above the sector's middle half▲ 27.3pp-6.1%below the sector's middle half▼ 37.1pp-7.4%below the sector's middle half▼ 1.3pp-5.4%below the sector's middle half▲ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €450 in 2023 against €1,608 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €17,342
Fixed assets
€413 =
Current assets
€16,929 ▼ 22.3%
Key figures and ratios
EBITDA
-€450▲
2022 · -€1,138
Cash flow
-€944▲
2022 · -€1,176
Debt to equity
-3.09▲
2022 · -4.03
Interest coverage
-4.46▲
2022 · -29.95
Debt ≤ 1 year
€13,221▼
2022 · €17,131
Debt > 1 year
€12,400=
2022 · €12,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5,416 | €3,084 | €1,608 | €223 | €281 | ▲ 26.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2,043 | €1,013 | €244 | ▼ 75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €359 | €359 | €360 | €470 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €817 | €348 | €487 | ▲ 39.9% |
| Gross operating margin9900 | €2,546 | €567 | -€435 | -€790 | €37 | ▲ 105% |
| Operating profit (loss)9901 | €1,428 | -€139 | -€1,612 | -€1,608 | -€450 | ▲ 72.0% |
| Financial income75/76B | - | - | €30 | - | - | - |
| Recurring financial income75 | €13 | - | €30 | - | - | - |
| Financial charges65/66B | - | - | €32 | €38 | €494 | ▲ 1,200% |
| Recurring financial charges65 | €580 | - | €32 | €38 | €101 | ▲ 166% |
| Non-recurring financial charges66B | - | - | - | - | €393 | - |
| Profit (loss) for the period before taxes9903 | €861 | €9,207 | -€1,614 | -€1,646 | -€944 | ▲ 42.6% |
| Profit (loss) for the period9904 | €861 | €9,207 | -€1,614 | -€1,646 | -€944 | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €861 | €9,207 | -€1,614 | -€1,646 | -€944 | ▲ 42.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,141 | €29,725 | €26,494 | €22,196 | €17,342 | ▼ 21.9% |
| Fixed assets21/28 | €1,567 | €1,242 | €883 | €413 | €413 | = |
| Tangible fixed assets22/27 | €1,189 | €830 | €470 | - | - | - |
| Furniture and vehicles24 | - | - | €470 | - | - | - |
| Financial fixed assets28 | €378 | €412 | €413 | €413 | €413 | = |
| Current assets29/58 | €21,574 | €28,483 | €25,611 | €21,783 | €16,929 | ▼ 22.3% |
| Amounts receivable after more than one year29 | - | - | - | €1,001 | €1,527 | ▲ 52.5% |
| Trade receivables290 | - | - | - | €1,001 | €1,527 | ▲ 52.5% |
| Stocks and contracts in progress3 | €4,612 | €4,612 | €4,612 | €4,612 | €0 | ▼ 100% |
| Stocks30/36 | - | - | €4,612 | €4,612 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €14,839 | €14,718 | €13,771 | €13,621 | €13,789 | ▲ 1.2% |
| Trade receivables40 | - | - | €13,771 | €13,621 | €13,771 | ▲ 1.1% |
| Other amounts receivable41 | - | - | - | - | €18 | - |
| Cash at bank and in hand54/58 | €256 | €7,540 | €5,616 | €936 | - | - |
| Deferred charges and accrued income490/1 | - | - | €1,612 | €1,613 | €1,613 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,141 | €29,725 | €26,494 | €22,196 | €17,342 | ▼ 21.9% |
| Equity10/15 | -€13,282 | -€4,075 | -€5,689 | -€7,335 | -€8,279 | ▼ 12.9% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€31,882 | -€22,675 | -€24,289 | -€25,935 | -€26,879 | ▼ 3.6% |
| Amounts payable17/49 | €36,423 | €33,800 | €32,183 | €29,531 | €25,621 | ▼ 13.2% |
| Amounts payable after more than one year17 | €21,896 | €18,408 | €15,369 | €12,400 | €12,400 | = |
| Financial debts170/4 | - | - | €12,400 | €12,400 | €12,400 | = |
| Advances received on contracts in progress176 | - | - | €2,969 | - | - | - |
| Amounts payable within one year42/48 | €14,527 | €15,392 | €16,814 | €17,131 | €13,221 | ▼ 22.8% |
| Trade debts44 | €2,044 | €3,003 | €4,417 | €4,765 | €860 | ▼ 82.0% |
| Suppliers440/4 | - | - | €4,417 | €4,765 | €860 | ▼ 82.0% |
| Taxes, remuneration and social security45 | - | - | €12,397 | €12,366 | €12,361 | = |
| Taxes450/3 | - | - | €36 | €5 | - | - |
| Remuneration and social security454/9 | - | - | €12,361 | €12,361 | €12,361 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €861 | €9,207 | -€1,614 | -€1,646 | -€944 | ▲ 42.6% |
| + Depreciation and write-downs630 | €359 | €359 | €360 | €470 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1,220 | €9,566 | -€1,254 | -€1,176 | -€944 | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | -€34 | -€1 | €0 | €0 | - |
| Change in cash | - | €7,284 | -€1,924 | -€4,680 | - | - |
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
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 268 days late
2022
31-12
Financial
Weakest financial yearnet -€1,646
Net result drops to -€1,646, the lowest in the series; recovery starts the following year.
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 349 days late
2020
31-12
Financial
Highest result since 2018net €9,207 ▲969%
Net result €9,207, the highest in the series.
2019
31-12
Financial
Back to profitnet €861
Net result €861 after one loss-making year.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 34 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 320 days late
2014
06-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
16-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Bierbeek · 1 establishment unit since 2004
Ground area
287 m²
Building footprint
110 m²
Volume, LiDAR
520 m³
Parcel 24053B0399/00R000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oude Baan 163, 3360 Bierbeek
since 20042.139.087.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0399/00R000 | Flanders | 287 m² | 1 · 110 m² | 7.3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
95100Repair and maintenance of computers and communication equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866657287
Also
9925:BE0866657287
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.