ITHEAL
ActiveSummary
ITHEAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.04M) and a net result of €-305k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+2
Solvency0▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 129.8% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-29.8%
Return on assets
-8.8%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.04M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
27 d late
2022
40 d early
2021
30 d late
2020
24 d late
2019
20 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-1.04M▼ 41.8%
2024 · €-730k
2018: €-39k
2019: €31k
2020: €40k
2021: €-60k
2022: €-198k
2023: €-412k
2024: €-730k
2018 → 2025
Total assets
€3.47M▲ 9.5%
2024 · €3.17M
2018: €320k
2019: €469k
2020: €2.30M
2021: €2.26M
2022: €3.20M
2023: €3.19M
2024: €3.17M
2018 → 2025
Net result
€-305k▲ 4.2%
2024 · €-318k
2018: €-3k
2019: €69k
2020: €9k
2021: €-100k
2022: €-138k
2023: €-214k
2024: €-318k
2018 → 2025
Working capital
€-4.51M▼ 15.6%
2024 · €-3.90M
2018: €-338k
2019: €-268k
2020: €-2.15M
2021: €-2.30M
2022: €-3.38M
2023: €-3.59M
2024: €-3.90M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-60k-€-198k▼ 230%€-412k▼ 108%€-730k▼ 77.4%€-1.04M▼ 41.8%
Operating result€-9k-€-10k▼ 19.8%€-13k▼ 23.8%€-15k▼ 21.4%€-14k▲ 9.8%
Net result€-100k-€-138k▼ 38.0%€-214k▼ 54.8%€-318k▼ 49.1%€-305k▲ 4.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.47M
Fixed assets
€3.47M ▲ 9.6%
Current assets
€895 ▼ 65.6%
Key figures and ratios
EBITDA
€-6k▲
2024 · €-8k
Cash flow
€-297k▲
2024 · €-311k
Solvency
-29.8%▼
2024 · -23.0%
Current ratio
0.00▼
2024 · 0.00
Debt to equity
-4.35▲
2024 · -5.34
ROA
-8.8%▲
2024 · -10.0%
Interest coverage
-0.02▲
2024 · -0.02
Debt
€4.51M▲
2024 · €3.90M
Debt ≤ 1 year
€4.51M▲
2024 · €3.90M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.17M€3.47M▲
Fixed assets21/28€3.17M€3.47M▲
Tangible fixed assets22/27€16k€8k▼
Plant, machinery and equipment23€16k€8k▼
Financial fixed assets28€3.15M€3.46M▲
Current assets29/58€3k€895▼
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€229€895▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€3.17M€3.47M▲
Equity10/15€-730k€-1.04M▼
Contributions10/11€25k€25k=
Reserves13€462€462=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€462€462=
Profit (loss) carried forward14€-755k€-1.06M▼
Amounts payable17/49€3.90M€4.51M▲
Amounts payable within one year42/48€3.90M€4.51M▲
Trade debts44€81k€77k▼
Suppliers440/4€81k€77k▼
Other amounts payable47/48€3.82M€4.43M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-6k€-5k▲
Operating profit (loss)9901€-15k€-14k▲
Financial charges65/66B€303k€291k▼
Recurring financial charges65€303k€291k▼
Profit (loss) for the period before taxes9903€-318k€-305k▲
Profit (loss) for the period9904€-318k€-305k▲
Profit (loss) for the period to be appropriated9905€-318k€-305k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-755k€-1.06M▼
Profit (loss) brought forward from the previous period14P€-437k€-755k▼
The notes to these accounts (9 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-318k
Net result drops to €-318k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2014
02-09
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
Financial milestoneState Gazette actNBB 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
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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, Wommelgem · 1 establishment unit since 2014
Ground area
8,904 m²
Building footprint
2,714 m²
Volume, LiDAR
22,663 m³
Parcel 11052C0166/00N000, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ITHEAL
since 20142.233.515.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0166/00N000 | Flanders | 8,904 m² | 1 · 2,714 m² | 13.9 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-07-2014
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.