ITHEOS
ActiveSummary
ITHEOS has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,370 and a net result of €112,475. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 66% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €159,370
- Profit
- €112,475
- MACQ NathalieDirector
- MESSENS AlainDirector
Why 95lowers riskLiquidity: current ratio 1.82, cash €212,733Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €290,312Equity €159,370 (54.9% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 47% on solvency, 61% on liquidity, 82% on profitability and 55% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 56 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Equity above €150,000equity €159,370 ▲8.5%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 11% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,974 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.8% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 26,974 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,699 | €10,440 | €11,321 | €8,170 | €9,161 | €20,219 | €22,007 | ▲ 8.8% |
| Other operating charges640/8 | - | - | €660 | €531 | €562 | €199 | €289 | ▲ 45.7% |
| Non-recurring operating charges66A | - | - | - | - | €263 | - | - | - |
| Gross operating margin9900 | €25,348 | €45,535 | €103,787 | €123,303 | €166,665 | €150,294 | €167,088 | ▲ 11.2% |
| Operating profit (loss)9901 | €8,158 | €30,841 | €91,807 | €114,601 | €156,680 | €129,876 | €144,792 | ▲ 11.5% |
| Financial income75/76B | - | - | - | €0 | €327 | €448 | €411 | ▼ 8.3% |
| Recurring financial income75 | €10 | €0 | - | €0 | €327 | €448 | €411 | ▼ 8.3% |
| Financial charges65/66B | - | - | €665 | €237 | €215 | €489 | €44 | ▼ 91.0% |
| Recurring financial charges65 | €771 | €1,392 | €665 | €237 | €215 | €489 | €44 | ▼ 91.0% |
| Profit (loss) for the period before taxes9903 | €7,397 | €29,448 | €91,142 | €114,364 | €156,792 | €129,836 | €145,159 | ▲ 11.8% |
| Income taxes67/77 | €4,150 | €8,322 | €21,039 | €26,500 | €35,024 | €29,179 | €32,683 | ▲ 12.0% |
| Profit (loss) for the period9904 | €3,247 | €21,126 | €70,103 | €87,864 | €121,768 | €100,657 | €112,475 | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €3,247 | €21,126 | €70,103 | €87,864 | €121,768 | €100,657 | €112,475 | ▲ 11.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €77,801 | €100,292 | €129,594 | €224,401 | €238,356 | €252,247 | €290,312 | ▲ 15.1% |
| Fixed assets21/28 | €18,048 | €8,077 | €29,040 | €27,060 | €71,533 | €70,540 | €51,932 | ▼ 26.4% |
| Tangible fixed assets22/27 | €18,048 | €8,077 | €29,040 | €27,060 | €71,533 | €70,540 | €51,932 | ▼ 26.4% |
| Furniture and vehicles24 | - | - | €25,439 | €23,745 | €67,639 | €64,018 | €46,257 | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | €3,601 | €3,315 | €3,893 | €6,523 | €5,675 | ▼ 13.0% |
| Current assets29/58 | €59,753 | €92,216 | €100,554 | €197,341 | €166,823 | €181,707 | €238,380 | ▲ 31.2% |
| Amounts receivable within one year40/41 | €40,387 | €25,327 | €24,707 | €19,762 | €43,031 | €68,039 | €24,643 | ▼ 63.8% |
| Trade receivables40 | - | - | €21,707 | €18,262 | €39,031 | €57,039 | €24,643 | ▼ 56.8% |
| Other amounts receivable41 | - | - | €3,000 | €1,500 | €4,000 | €11,000 | - | - |
| Cash at bank and in hand54/58 | €17,946 | €64,602 | €74,459 | €176,829 | €121,530 | €112,811 | €212,733 | ▲ 88.6% |
| Deferred charges and accrued income490/1 | - | - | €1,389 | €750 | €2,262 | €857 | €1,004 | ▲ 17.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €77,801 | €100,292 | €129,594 | €224,401 | €238,356 | €252,247 | €290,312 | ▲ 15.1% |
| Equity10/15 | €9,447 | €30,573 | €100,676 | €95,058 | €205,062 | €146,895 | €159,370 | ▲ 8.5% |
| Contributions10/11 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €163 | €163 | €163 | €163 | €163 | €163 | €163 | = |
| Non-distributable reserves130/1 | - | - | €163 | €163 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €163 | €163 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €163 | €163 | €163 | = |
| Profit (loss) carried forward14 | €3,084 | €24,210 | €94,313 | €76,295 | €186,299 | €128,132 | €140,607 | ▲ 9.7% |
| Amounts payable17/49 | €68,354 | €69,719 | €28,918 | €129,343 | €33,294 | €105,352 | €130,941 | ▲ 24.3% |
| Amounts payable after more than one year17 | €14,193 | €7,965 | €1,609 | - | - | - | - | - |
| Financial debts170/4 | - | - | €1,609 | - | - | - | - | - |
| Amounts payable within one year42/48 | €54,161 | €61,755 | €27,309 | €129,343 | €33,294 | €105,352 | €130,941 | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | - | - | €6,356 | €1,609 | - | - | - | - |
| Trade debts44 | €2,183 | €902 | €2,906 | €6,768 | €8,102 | €12,543 | €7,119 | ▼ 43.2% |
| Suppliers440/4 | - | - | €2,906 | €6,768 | €8,102 | €12,543 | €7,119 | ▼ 43.2% |
| Taxes, remuneration and social security45 | - | - | €16,405 | €14,636 | €12,578 | €15,063 | €20,838 | ▲ 38.3% |
| Taxes450/3 | - | - | €16,405 | €14,636 | €12,578 | €15,063 | €20,198 | ▲ 34.1% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €640 | - |
| Other amounts payable47/48 | - | - | €1,642 | €106,329 | €12,614 | €77,746 | €102,984 | ▲ 32.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,247 | €21,126 | €70,103 | €87,864 | €121,768 | €100,657 | €112,475 | ▲ 11.7% |
| + Depreciation and write-downs630 | €13,699 | €10,440 | €11,321 | €8,170 | €9,161 | €20,219 | €22,007 | ▲ 8.8% |
| Operating cash flow (approximation) | €16,946 | €31,566 | €81,424 | €96,035 | €130,929 | €120,876 | €134,482 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | -€468 | -€32,284 | -€6,191 | -€53,634 | -€19,227 | -€3,398 | ▲ 82.3% |
| Change in cash | - | €46,656 | €9,857 | €102,370 | -€55,299 | -€8,719 | €99,922 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-03-2026 | 2026-00065299 |
| 31-12-2024 | full format | 26-06-2025 | 2025-00180918 |
| 31-12-2023 | full format | 12-06-2024 | 2024-00123567 |
| 31-12-2022 | full format | 09-06-2023 | 2023-00115263 |
| 31-12-2021 | full format | 27-06-2022 | 2022-20132106 |
| 31-12-2020 | full format | 14-06-2021 | 2021-19600304 |
| 31-12-2019 | full format | 11-06-2020 | 2020-16600582 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MACQ Nathalie |
|
| MESSENS Alain |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
30-05
Gazette deed
Appointments: MESSENS Alain (director) and MACQ Nathalie (director)Amendment of the articles · Capital conversion · Reserve release10 facts ▸
- General meeting, 17-05-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, supprimer le compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Other provision, “fin fonction administrateur actuel (ancien gérant), mandat conféré sous empire ancien Code des sociétés” (deed in French)
- Board rule, 2
- Director appointment, MESSENS Alain (director)
- Director appointment, MACQ Nathalie (director)
- Registered office clause, “1325 Corroy-le-Grand, Rue du Warichet”, 19 (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25021F0658/00A000 | Wallonia | 6,329 m² | 1 · 214 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le conseil en management et organisation spécialisé en déploiement et développement de nouveaux projets d'entreprise; La prestation de…” (deed in French)
13 activities (deed in French)
- Le conseil en management et organisation spécialisé en déploiement et développement de nouveaux projets d'entreprise;
- La prestation de conseils et d'études en management et en gestion de projet;
- Le développement,l'achat,la fabrication,la location et la vente de biens,produits et services pour son compte ou pour compte de tiers;
- L'exercice de toutes les activités de conseil de gestion d'entreprises,incluant l'optimisation des sources d'approvisionnement en matières premières et marchandises,des moyens de production,de la validation des processus de productions,d'interim management,des stratégies commerciales,du recrutement de personnel,de la gestion des stocks en produits finis et marchandises,des sources et moyens de financement,de la gestion de la trésorerie,de la formation et de la motivation du personnel,des systèmes et méthodes informatiques,IT Technology,communication,des méthodes et procédures de travail,etc.,…
- Le recrutement et la gestion des ressources humaines,en ce compris la recherche,la sélection,la formation,l'orientation et le placement de personnel;
- La formation et le coaching au sein et en dehors des entreprises;
- Toutes activités se rattachant directement ou indirectement au domaine de la construction,la rénovation,la transformation d’immeubles,ainsi que l’entreprise immobilière. Elle pourra notamment et sans que cette liste soit limitative,entreprendre tous travaux de démolition,remise en état,construction,montage,rénovation et/ou aménagement ainsi que tous travaux de parachèvement,tels que charpentes et menuiseries,bétonnage,maçonnerie et plafonnage,étanchéité,couverture – métallique et/ou non métallique – installations sanitaires,plomberie,chauffage,vitrerie,carrelages,le tout se rapportant à la construction de maisons,villas,halls industriels,complexes commerciaux,industriels,immeubles à appartements,parkings et autres ouvrages,habitations préfabriquées,industrialisées,chalet en vois ou autres.
- Toutes opérations se rapportant,directement ou indirectement,à la promotion immobilière,telles que,et sans que cette énumération soit limitative,acheter et vendre,y compris sur plans,donner en location,prendre en location,demander aussi bien que concéder des crédits à la construction,exploiter toutes propriétés et terrains,mettre en valeur,faire ériger des immeubles,les aménager,les décorer,les prendre ou les donner en location,lotir des terrains,faire tous travaux de voirie et de viabilisation,exécuter et/ou faire exécuter tous travaux de mise en valeur.
- La mise à disposition à des professionnels de la santé,et de la santé mentale en particulier,de services et de locaux équipés pour l’exercice de leur pratique ;
- La consultation individuelle,de couple,de famille et de groupe en psychologie,en psychologie clinique,en psychothérapie,en développement personnel,en art thérapie et toute autre profession liée à la santé mentale ;
- L'organisation d'ateliers,de stages ou autres pratiques en lien avec le développement personnel ou la santé mentale
- L’enseignement théorique et pratique dans le domaine de la santé mentale ; la vente de livres,CD et tout autre matériel didactique quel que soit le support
- Toutes prestations de service ou livraisons de biens en rapport avec l'aide aux personnes,l'accueil et l'écoute,comprenant recherches,conseils,avis,consultations,formations,études,séminaires,éditions sur tous supports.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ITHEOS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“13, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, 9” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “10, actions dont la cession est proposée” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et moment, si aucun autre liquidateur désigné” (deed in French)