ITHENA
ActiveITHENA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €14k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-14
Solvency100=
Growth68=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.2 against 4.79 in 2024), and 23.7% 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○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 · 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
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
76.3%
Return on assets
12.4%
Age of the figures
8 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
29 d late
2022
25 d late
2021
2 d early
2020
30 d late
2019
28 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€136k▲ 23.7%
2023 · €110k
2023: €110k
2023 → 2024
EBIT margin
20.0%▲ 17.9pp
2023 · 2.1%
2023: 2.1%
2023 → 2024
Net result
€14k▼ 15.7%
2024 · €16k
2018: €37k
2019: €11k
2020: €26k
2021: €10k
2022: €5k
2023: €-824
2024: €16k
2018 → 2025
Working capital
€83k▲ 8.3%
2024 · €77k
2018: €6k
2019: €21k
2020: €45k
2021: €56k
2022: €56k
2023: €58k
2024: €77k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€110k€136k▲ 23.7%
Equity€61k-€66k▲ 8.8%€65k▼ 1.2%€82k▲ 25.0%€85k▲ 3.9%
Operating result€14k-€10k▼ 27.4%€2k▼ 77.6%€27k▲ 1,085%€21k▼ 24.0%
Net result€10k-€5k▼ 45.0%€-824€16k€14k▼ 15.7%
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 falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€2k▼ 62.5%
Current assets
€109k▲ 12.4%
Equity and liabilities €111k
Equity
€85k▲ 3.9%
Debt
€26k▲ 25.4%
The debt ratio rises from 20.5% to 23.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€24k▼
2024 · €33k
Cash flow
€17k▼
2024 · €22k
Solvency
76.3%▼
2024 · 79.5%
Current ratio
4.20▼
2024 · 4.79
Quick ratio
4.20▼
2024 · 4.79
Debt / equity
0.31▲
2024 · 0.26
ROE
16.2%▼
2024 · 20.0%
ROA
12.4%▼
2024 · 15.9%
Interest coverage
15.88▲
2024 · 7.90
Debt
€26k▲
2024 · €21k
Debt ≤ 1 year
€26k▲
2024 · €20k
Income taxes
€6k▼
2024 · €7k
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€103k€111k▲
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Plant, machinery and equipment23€6k€2k▼
Current assets29/58€97k€109k▲
Amounts receivable within one year40/41€12k€12k▼
Trade receivables40€12k€12k▼
Cash at bank and in hand54/58€75k€86k▲
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€103k€111k▲
Equity10/15€82k€85k▲
Contributions10/11€12k€12k=
Reserves13€69k€72k▲
Distributable reserves133€69k€72k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€21k€26k▲
Amounts payable within one year42/48€20k€26k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€8k€12k▲
Taxes450/3€8k€12k▲
Other amounts payable47/48€8k€11k▲
Accrued charges and deferred income492/3€776€376▼
Income statement
Code20242025
Turnover70€136k-
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€107k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€387€400▲
Gross operating margin9900€33k€25k▼
Operating profit (loss)9901€27k€21k▼
Financial income75/76B€240€370▲
Recurring financial income75€240€370▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€23k€20k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€16k€14k▼
Profit (loss) for the period to be appropriated9905€16k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€14k▼
Transfer from equity791/2-€11k
Transfer to equity691/2€16k€14k▼
To other reserves6921€16k€14k▼
Profit to be distributed694/7-€11k
Return on contributions (dividend)694-€11k
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-824 ▼115%
Net result drops to €-824, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
VERLINDEN Ruben
CurrentDirector · since 28-12-2023
28-12-2023
VERLINDEN Ruben: Appointed as Director
28-12-2023
VERLINDEN Ruben Hendrik Elisabert: Resigned as Director
Location & real-estate footprint
Registered office, Scherpenheuvel-Zichem · 1 establishment unit since 2007
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.
Basilieklaan 88A3270 Scherpenheuvel-ZichemGround area
1,097 m²
Building footprint
173 m²
Volume, LiDAR
1,756 m³
2 parcels, Brussels, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ITHENA
since 20072.161.056.862
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0372/00W000 | Flanders | 914 m² | 1 · 83 m² | 10.0 m · 3 fl. |
| 21443C0221/00S005 | Brussels | 184 m² | 1 · 90 m² | 16.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
MPECO
BE 0790.238.412
Destelbergen · Eq €85k
ULUA
BE 0769.877.617
Antwerpen · Eq €85k
S. MATTHYS CONSULTING
BE 1014.957.520
Oudergem · Eq €85k
SEA-PLAN
BE 0823.796.353
Damme · Eq €85k
Unity Group
BE 0751.839.872
Brussel · Eq €85k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 15,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2007
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
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
72220
72300
72400
72500
72600
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.