Equity
€35,164 ▲ 49.0%
IThical has made a profit in every financial year since 2023.
IThical
Overview
Lifetime
3 annual accounts with figures on one time axispeak €26,467 (2023)
€17,072▲ 52.2%
peak €18,195 (2023)
€11,569▲ 299%
peak €35,164 (2025)
€35,164▲ 49.0%
€7,941▼ 24.1%
Board4 names since 2022
1 directorTRONÇON Ruben Stephanie Roger
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from €11,219 to €17,072Result from €2,900 to €11,569Registered office moved within Turnhout 17-06Equity from €23,595 to €35,164Debts from €10,464 to €7,941Cash from €21,566 to €37,092
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 83% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.6 percentage points vs 06-2025highest value
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.1%▼ -0.6 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 5.31, cash €37,092
Equity €35,164 (81.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 85% of them on solvency, 84% on liquidity, 82% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as IThical has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IThical itself is lower: < 0.1% within 12 months. It rests on far more data about IThical than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for IThical. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.31 (3.19 in 2024), above the usual 1.5. Short-term debt is 18.4% and cash 86.1% of total assets. 18.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
50 days early
2024
49 days early
2023
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 33 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 June (3 of the last 3 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Turnhout
New registered office: Zandbergstraat 35, 2300 Turnhout · Previous registered office: Acacialaan 26 2300 Turnhout · Ruben Tronçon holds all the shares · General meeting of 01-04-2025 · Gazette deed
Company renamed from Nick Van Gorp to IThical
Registered office moved from Beerse to Turnhout · New registered office: Acacialaan 26, 2300 Turnhout · Previous registered office: Klaproosstraat 46, 2340 Beerse · Gazette deed
New director
Anja Michielsen appointed, Nick Van Gorp resigned · Director discharge: Nick Van Gorp (director (not named in the articles)) · General meeting of 20-04-2023 · Gazette deed
Incorporation
Founding capital of €2,500 · Founder: Van Gorp, Nicola Louis Magda · Appointment: Van Gorp, Nicola Louis Magda (director) · published on 13-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IThical Turnhout | €43,105 | €17,072 | 81.6% | - |
| MC IT CONSULTING Willebroek | €47,587 | €17,002 | 62.6% | - |
| NASR Consulting Mechelen | €38,205 | €17,735 | 66.0% | - |
| DATA4IT Molenbeek-Saint-Jean | €40,594 | €16,842 | 4.6% | - |
| AI-Software Engineering Izegem | €42,899 | €15,683 | 90.0% | - |
| BETTER BRIDGE Bastogne | €42,251 | €15,828 | 71.7% | - |
| THE DEVLAB Woluwe-Saint-Lambert | €48,580 | €17,646 | 77.5% | - |
These companies have the same main activity as IThical: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €38,200 and €48,600, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 09-12-2022Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.339.100.7582300 Turnhout, since 09-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €17,072▲ 52.2%
- €11,569▲ 299%
- €35,164▲ 49.0%
- €43,105▲ 26.6%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on IThical
IThical files the micro format. That format states no turnover. The gross margin fell from €26,467 in 2023 to €17,072 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 11-06-2026, 50 days before the deadline€17,072
▲ 52.2%
€14,944
▲ 195%
€11,569
▲ 299%
€34,206
▲ 49.8%
81.6%
▲ 12.3 percentage points
5.31
▲ 2.11
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €91,000. Estimated: probably between €44,000 and €180,000.
Balance sheet
balance sheet total €43,105 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
81.6%
Higher than 77% of 21,208 companies in 2025.
5.31
Higher than 77% of 20,571 companies in 2025.
26.8%
Higher than 63% of 20,746 companies in 2025.
IThical
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
43,105 | 34,059 | 30,648 | |
21/28 |
958 | 816 | 1,633 | |
22/27 |
958 | 816 | 1,633 | |
24 |
958 | 816 | 1,633 | |
29/58 |
42,147 | 33,243 | 29,015 | |
40/41 |
243 | 6,915 | 6,309 | |
40 |
- | 6,915 | 6,309 | |
41 |
243 | - | - | |
54/58 |
37,092 | 21,566 | 22,067 | |
490/1 |
4,811 | 4,761 | 640 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
43,105 | 34,059 | 30,648 | |
10/15 |
35,164 | 23,595 | 20,695 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
14,469 | 2,900 | - | |
133 |
14,469 | 2,900 | - | |
14 |
18,195 | 18,195 | 18,195 | |
17/49 |
7,941 | 10,464 | 9,953 | |
42/48 |
7,941 | 10,408 | 9,953 | |
44 |
2,320 | 3,407 | 2,237 | |
440/4 |
2,320 | 3,407 | 2,237 | |
45 |
5,620 | 6,456 | 6,083 | |
450/3 |
5,620 | 6,456 | 6,083 | |
47/48 |
- | 545 | 1,633 | |
492/3 |
- | 56 | - | |
| Income statement | ||||
9900 |
17,072 | 11,219 | 26,467 | |
62 |
250 | 5,147 | - | |
630 |
899 | 816 | - | |
640/8 |
978 | 193 | 2,128 | |
9901 |
14,944 | 5,062 | 24,339 | |
75/76B |
- | 0 | - | |
75 |
- | 0 | - | |
65/66B |
152 | 30 | 38 | |
65 |
152 | 30 | 38 | |
9903 |
14,792 | 5,033 | 24,302 | |
67/77 |
3,223 | 2,132 | 6,107 | |
9904 |
11,569 | 2,900 | 18,195 | |
9905 |
11,569 | 2,900 | 18,195 | |
| Appropriation of the result | ||||
9906 |
29,764 | 21,095 | 18,195 | |
14P |
18,195 | 18,195 | - | |
691/2 |
11,569 | 2,900 | - | |
6921 |
11,569 | 2,900 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 11-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 15,843 | 5,879 | - | ||
| 12,468 | 3,717 | - | ||
| 1,041 | 0 | 1,633 | ||
| 15,526 | -501 | - | ||
| 34,206 | 22,835 | 19,062 | ||
| 81.6% | 69.3% | 67.5% | ||
| 5.31 | 3.19 | 2.92 | ||
| 0.23 | 0.44 | 0.48 | ||
| 32.9% | 12.3% | 87.9% | ||
| 26.8% | 8.5% | 59.4% | ||
| over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,041 | - | €1,633 |
| €899 | €816 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on IThical
The operating result for 2025 is 195% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 30.7% to 18.4%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, no change since 2023Director (not named in the articles)
since 29-09-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 11-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 13.4 van de statuten luidt voortaan als volgt: “4. Externe vertegenwoordiging Alle akten die de vennootschap verbinden, in en buiten…”deed of 24-10-2023
Mandates through the years
4 names, the dashed line is todayTRONÇON Ruben Stephanie Roger
Director (not named in the articles)
Director (not named in the articles)
MICHIELSEN Anja Marianne
Director (not named in the articles)
Director (not named in the articles)
Nick Van Gorp
Director (not named in the articles)
Director (not named in the articles)
Van Gorp, Nicola Louis Magda
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- TRONÇON Ruben Stephanie Roger
- Director (not named in the articles), from 29-09-2023 to date
- MICHIELSEN Anja Marianne
- Director (not named in the articles), appointed by deed of 08-05-2023, until 24-10-2023
- Nick Van Gorp
- Director (not named in the articles), until 08-05-2023
- Van Gorp, Nicola Louis Magda
- Director (not named in the articles), appointed by deed of 13-12-2022, no longer listed in the 2025 annual accounts
Control
Shareholder
Ruben Tronçon
This company
IThical
Equity €35,164
Profit €11,569 in 2025
Capital
- Contribution
- €2,500
- Source
- deed of 13-12-2022
Articles of association
deed of 13-12-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Goedkeuring medeaandeelhouders overeenkomstig procedure artikel 12.2, bestuursorgaan”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 20:00
Shareholders
Stated in the deed
deed of 17-06-2025 ↗
- Ruben Tronçon all shares
At incorporation
deed of 13-12-2022 ↗
- Van Gorp, Nicola Louis Magda sole founder · 100% at incorporation
Network & group
No group
IThical has no parent and no holdings in its annual accounts. TRONÇON Ruben Stephanie Roger is the only director. IThical shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
9 events since 2022Board
Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 50 days before the deadline
2025
Registered office moved within TurnhoutNew registered office: Zandbergstraat 35, 2300 Turnhout · Previous registered office: Acacialaan 26 2300 Turnhout · Ruben Tronçon holds all the shares · General meeting of 01-04-20253 points ▸
- General meeting, 01-04-2025
- Registered-office move, Zandbergstraat 35, 2300 Turnhout
- Ruben Tronçon holds all the shares
Annual accounts 2024 filed PDFmicro format · 49 days before the deadline
2024
Weakest financial year net €2,900 ▼84.1% The net result drops to €2,900, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Company renamed from Nick Van Gorp to IThicalRegistered office moved from Beerse to Turnhout · New registered office: Acacialaan 26, 2300 Turnhout · Previous registered office: Klaproosstraat 46, 2340 Beerse5 points ▸
- Name change, IThical
- Purpose change, “as restated in Artikel 3” (deed in Dutch)
- Registered-office move, Acacialaan 26, 2300 Turnhout
- Director resignation, MICHIELSEN Anja Marianne
- Director appointment, TRONÇON Ruben Stephanie Roger (director (not named in the articles))
- The deed holds 1 more point.
New directorAnja Michielsen appointed, Nick Van Gorp resigned · Director discharge: Nick Van Gorp (director (not named in the articles)) · General meeting of 20-04-20234 points ▸
- General meeting, 20-04-2023
- Director resignation, Nick Van Gorp (director (not named in the articles))
- Director discharge, Nick Van Gorp (director (not named in the articles))
- Director appointment, Anja Michielsen (director (not named in the articles))
2022
IncorporationFounding capital of €2,500 · Founder: Van Gorp, Nicola Louis Magda · Appointment: Van Gorp, Nicola Louis Magda (director) · published on 13-12-20224 points ▸
- Founder, Van Gorp, Nicola Louis Magda
- Founding capital, €2,500
- Registered office clause, Klaproosstraat 46, 2340 Beerse
- Director appointment, Van Gorp, Nicola Louis Magda (director (not named in the articles))
- The deed holds 2 more points.
First establishment Zandbergstraat 35, Turnhout
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 9 December 2022, IThical was incorporated as a private limited company by one natural person, with a starting capital of €2,500.12 Since 2023 the company has been called IThical.3 In 2023 the registered office moved to Turnhout.3 TRONÇON Ruben Stephanie Roger has served as director since 2023.4 Total assets went from €30,648 in 2023 to €43,105 in 2025.5
Company details
Identity
- Enterprise number
- 0794.597.670
- VAT number
- BE 0794.597.670
- Peppol ID
- 0208:0794597670
- LEI code
- 875500OPDLOUNVV7J057 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 20:00deed of 13-12-2022 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- IThical in Dutch
- Former name
- Nick Van Gorp until the deed of 24-10-2023
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-12-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Nick Van Gorpdeed of 13-12-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-12-2022 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
63910
Web portal activities
Codes under NACEBEL 2008
62030
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Psychologische begeleiding,individueel en/of in groep; Psychotherapie,individueel en/of in groep; Geven van intervisie en supervisie; Geven…”deed of 13-12-2022 (in Dutch)
8 activities
- Psychologische begeleiding,individueel en/of in groep
- Psychotherapie,individueel en/of in groep
- Geven van intervisie en supervisie
- Geven van opleidingen,lessen en trainingen
- Alle activiteiten op het vlak van geestelijke gezondheidszorg
- Alle diensten en adviezen van psychologen en psychotherapeuten
- Deskundig onderzoek in het psychologisch en psychotherapeutisch veld
- Alle activiteiten van bemiddeling,begeleiding en coaching
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zandbergstraat 35 registered office 2300 Turnhout | 09-12-2022 | 2.339.100.758 |
1 former office
- Klaproosstraat 46, 2340 Beerse until the deed of 24-10-2023
Buildings and parcels at the address
- Ground area
- 331 m²
- Buildings
- 105 m²
- Volume, LiDAR
- 780 m³
- Tallest building
- 10.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13040C0840/00H006 | 331 m² | 1 · 105 m² | 10.6 m · 3 |
Contact
Website
www.ithical.be establishment in Turnhout
E-mail
info@ithical.be establishment in Turnhout