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Ithaka

Active
Private limited companyfounded 20233 yrs activeDe Lescluzestraat 34, 2600 Antwerpen, BelgiumKBO/BCE: BE 0797.429.872
Summary

Ithaka has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €419,825 and a net result of €224,364. Equity is growing by ~95.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 16765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.15 against 5.32 in 2024; short-term debt: 21.6% and cash: 52% of total assets), and 21.6% of the assets are financed with debt.
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Signals

Four 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
78.4%
Return on assets
41.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-03-2026, 150 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
150 d early
2024
28 d early
2023
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 2 July (3 of the last 3 filed years within 121 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Ithaka was incorporated on 20 January 2023 as a Private limited company.1 Total assets rose from EUR 59,968 in 2023 to EUR 535,190 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
€419,825▲ 115%
2024 · €195,460
Total assets
€535,190▲ 124%
2024 · €239,422
Net result
€224,364▲ 52.4%
2024 · €147,245
Working capital
€363,545▲ 91.3%
2024 · €190,063
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health 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
Line202320242025
Operating result€56,912-€189,947▲ 234%€292,171▲ 53.8%
Net result€45,215within the sector's middle half-€147,245above the sector's middle half▲ 226%€224,364above the sector's middle half▲ 52.4%
Equity€48,215within the sector's middle half-€195,460within the sector's middle half▲ 305%€419,825above the sector's middle half▲ 115%
Total assets€59,968below the sector's middle half-€239,422within the sector's middle half▲ 299%€535,190within the sector's middle half▲ 124%
Debt€11,752-€43,962▲ 274%€115,365▲ 162%
Working capital€48,215within the sector's middle half-€190,063within the sector's middle half▲ 294%€363,545above the sector's middle half▲ 91.3%
Solvency80.4%within the sector's middle half-81.6%within the sector's middle half▲ 1.2pp78.4%within the sector's middle half▼ 3.2pp
Current ratio5.10within the sector's middle half-5.32within the sector's middle half▲ 0.224.15within the sector's middle half▼ 1.17
Return on assets (ROA)75.4%above the sector's middle half-61.5%above the sector's middle half▼ 13.9pp41.9%above the sector's middle half▼ 19.6pp
Staff (FTE)0.31▲ 233%
above within below the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2023: €56,912€56,912Net result 2023: €45,215€45,215Operating result 2024: €189,947€189,947Net result 2024: €147,245€147,245Operating result 2025: €292,171€292,171Net result 2025: €224,364€224,364202320242025€0€100,000€200,000€300,000Operating result 2023: €56,912€56,900Net result 2023: €45,215€45,200Operating result 2024: €189,947€190,000Net result 2024: €147,245€147,000Operating result 2025: €292,171€292,000Net result 2025: €224,364€224,000202320242025
The operating result has risen two years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535,190
Fixed assets €56,280 ▲ 942%
Current assets €478,910 ▲ 105%
Equity and liabilities €535,190
Equity €419,825 ▲ 115%
Debt €115,365 ▲ 162%
Debt's share of the balance-sheet total rises from 18.4% to 21.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.27▲
2024 · 0.22
ROE
53.4%▼
2024 · 75.3%
Debt ≤ 1 year
€115,365▲
2024 · €43,959
Income taxes
€68,727▲
2024 · €43,041
Staff costs
€21,105▲
2024 · €4,215
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€239,422€535,190▲
Fixed assets21/28€5,400€56,280▲
Tangible fixed assets22/27€5,400€56,280▲
Other tangible fixed assets26€5,400€56,280▲
Current assets29/58€234,022€478,910▲
Amounts receivable within one year40/41€41€0▼
Other amounts receivable41€41€0▼
Current investments50/53€200,000€200,000=
Cash at bank and in hand54/58€33,910€278,421▲
Deferred charges and accrued income490/1€71€489▲
Equity and liabilities
Total equity and liabilities10/49€239,422€535,190▲
Equity10/15€195,460€419,825▲
Contributions10/11€3,000€3,000=
Reserves13€192,460€416,825▲
Distributable reserves133€192,460€416,825▲
Amounts payable17/49€43,962€115,365▲
Amounts payable within one year42/48€43,959€115,365▲
Trade debts44€775€970▲
Suppliers440/4€775€970▲
Taxes, remuneration and social security45€42,939€114,080▲
Taxes450/3€42,939€111,376▲
Remuneration and social security454/9-€2,704
Other amounts payable47/48€245€315▲
Accrued charges and deferred income492/3€3€0▼
Income statement Code20242025
Remuneration, social security and pensions62€4,215€21,105▲
Other operating charges640/8€182€186▲
Gross operating margin9900€194,344€313,461▲
Operating profit (loss)9901€189,947€292,171▲
Financial income75/76B€340€966▲
Recurring financial income75€340€966▲
Financial charges65/66B€0€45▲
Recurring financial charges65€0€45▲
Profit (loss) for the period before taxes9903€190,286€293,091▲
Income taxes67/77€43,041€68,727▲
Profit (loss) for the period9904€147,245€224,364▲
Profit (loss) for the period to be appropriated9905€147,245€224,364▲
Appropriation of the result
Profit (loss) to be appropriated9906€147,245€224,364▲
Transfer to equity691/2€147,245€224,364▲
To other reserves6921€147,245€224,364▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62-€4,215€21,105▲ 401%
Other operating charges640/8€492€182€186▲ 2.1%
Gross operating margin9900€57,404€194,344€313,461▲ 61.3%
Operating profit (loss)9901€56,912€189,947€292,171▲ 53.8%
Financial income75/76B-€340€966▲ 184%
Recurring financial income75-€340€966▲ 184%
Financial charges65/66B-€0€45▲ 10,000%
Recurring financial charges65-€0€45▲ 10,000%
Profit (loss) for the period before taxes9903€56,912€190,286€293,091▲ 54.0%
Income taxes67/77€11,697€43,041€68,727▲ 59.7%
Profit (loss) for the period9904€45,215€147,245€224,364▲ 52.4%
Profit (loss) for the period to be appropriated9905€45,215€147,245€224,364▲ 52.4%
Line202320242025Change
Assets
Total assets20/58€59,968€239,422€535,190▲ 124%
Fixed assets21/28-€5,400€56,280▲ 942%
Tangible fixed assets22/27-€5,400€56,280▲ 942%
Other tangible fixed assets26-€5,400€56,280▲ 942%
Current assets29/58€59,968€234,022€478,910▲ 105%
Amounts receivable within one year40/41€41€41€0▼ 100%
Other amounts receivable41€41€41€0▼ 100%
Current investments50/53-€200,000€200,000=
Cash at bank and in hand54/58€59,926€33,910€278,421▲ 721%
Deferred charges and accrued income490/1-€71€489▲ 588%
Equity and liabilities
Total equity and liabilities10/49€59,968€239,422€535,190▲ 124%
Equity10/15€48,215€195,460€419,825▲ 115%
Contributions10/11€3,000€3,000€3,000=
Reserves13€45,215€192,460€416,825▲ 117%
Distributable reserves133€45,215€192,460€416,825▲ 117%
Amounts payable17/49€11,752€43,962€115,365▲ 162%
Amounts payable within one year42/48€11,752€43,959€115,365▲ 162%
Trade debts44€55€775€970▲ 25.1%
Suppliers440/4€55€775€970▲ 25.1%
Taxes, remuneration and social security45€11,697€42,939€114,080▲ 166%
Taxes450/3€11,697€42,939€111,376▲ 159%
Remuneration and social security454/9--€2,704-
Other amounts payable47/48-€245€315▲ 28.6%
Accrued charges and deferred income492/3-€3€0▼ 100%
Line202320242025Change
Profit (loss) for the period9904€45,215€147,245€224,364▲ 52.4%
Operating cash flow (approximation)€45,215€147,245€224,364▲ 52.4%
Investment in fixed assets (approximation)---€50,880-
Change in cash--€26,017€244,511▲ 1,040%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €224,364 ▲52.4%
Operating result €292,171, net result €224,364, both a record.
31-12
Financial Equity above €200,000Eq €419,825 ▲115%
3 profitable years in a row build equity to €419,825.
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €150,000Eq €195,460 ▲305%
2 profitable years in a row build equity to €195,460.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro 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, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
130 m²
Building footprint
92 m²
Volume, LiDAR
839 m³
Parcel 11303B0425/00P007, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Ithaka
De Lescluzestraat 34, 2600 AntwerpenSpecialist medical practice
since 20232.341.951.172
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11303B0425/00P007 Flanders 130 m² 1 · 92 m² 14.5 m · 3 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

Of 16,629 companies in sector 86220 we hold annual accounts for 7,986. 6,557 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
Founded20-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797429872
Also 9925:BE0797429872
Registered 16-05-2025

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.