Equity
Equity fell by 49% in 17 years.
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 33% of them on solvency, 51% on liquidity, 35% on profitability and 52% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-09-2025.
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).
In July 2024, 17,041 companies had the same profile as ITHURON has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITHURON itself: < 0.1% within 12 months.
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 17,041 companies, not a prediction for ITHURON. 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.
Liquidity is tight, with a current ratio of 1.07 (0.92 in 2024), below the usual 1.5. Short-term debt is 35.1% and cash 20.1% of total assets. 66.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ITHURON Antwerp | €100,757 | €23,999 | 33.9% | - |
| Timber in business Zoersel | €92,395 | €22,974 | 81.4% | - |
| DELEU-ROSSOU Schilde | €100,418 | €20,863 | 91.0% | - |
| ATRIUM CONSULTANCY Schilde | €93,089 | €21,673 | 91.5% | - |
| STRATECO Brasschaat | €110,109 | €25,038 | 90.0% | - |
| JC IDEAS Antwerp | €116,097 | €23,868 | 55.4% | - |
| ARCHITECTS OF DREAMS Kalmthout | €107,823 | €28,823 | 57.4% | - |
These companies have the same main activity as ITHURON: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €92,400 and €116,000, founded between 2002 and 2006.
ITHURON files the micro format. That format states no turnover. The gross margin fell from €42,270 in 2007 to €23,999 in 2025.
The balance sheet grew most in 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €110,000. Estimated: probably between €53,000 and €220,000.
Higher than 33% of 39,342 companies in 2025.
Higher than 27% of 38,027 companies in 2025.
Higher than 24% of 38,499 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
100,757 | 110,500 | 58,279 | 64,937 | 35,123 | 20,935 | 32,867 | 40,494 | 63,367 | 50,033 | 41,482 | 74,282 | 97,410 | 103,146 | 88,988 | 97,106 | 116,680 | 146,353 | 165,551 | |
21/28 |
62,776 | 75,471 | 28,816 | 26,322 | 8,733 | 5,918 | 14,862 | 22,912 | 29,834 | - | 21,144 | 48,890 | 71,045 | 62,060 | 34,873 | 46,246 | 63,599 | 75,964 | 68,258 | |
22/27 |
62,776 | 75,471 | 28,816 | 26,322 | 8,733 | 5,918 | 14,862 | 22,912 | 29,834 | 33,109 | 21,144 | 48,890 | 71,045 | 62,060 | 34,873 | 46,246 | 63,599 | 75,964 | 68,258 | |
22 |
1,912 | 2,741 | 3,570 | 4,399 | 5,228 | 3,627 | 5,156 | 6,684 | 8,363 | 5,002 | 7,878 | 12,518 | 17,616 | 22,755 | 26,105 | 23,454 | 27,654 | 30,353 | 34,403 | |
23 |
105 | 358 | 611 | 864 | 1,117 | - | - | - | - | - | - | 714 | 1,720 | 2,726 | 3,732 | 4,739 | 4,560 | 5,550 | 6,540 | |
24 |
44,747 | 54,089 | 4,081 | 2,917 | 2,388 | 2,292 | 9,706 | 16,228 | 21,471 | 28,107 | 13,266 | 35,659 | 51,709 | 36,579 | 5,035 | 18,054 | 31,385 | 40,060 | 27,315 | |
26 |
16,011 | 18,282 | 20,553 | 18,141 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
37,981 | 35,029 | 29,463 | 38,616 | 26,390 | 15,016 | 18,005 | 17,582 | 33,533 | 16,924 | 20,338 | 25,391 | 26,365 | 41,086 | 54,115 | 50,860 | 53,081 | 70,390 | 97,293 | |
3 |
- | - | - | 1,554 | 1,554 | 1,804 | 1,804 | 1,804 | 2,054 | 2,280 | 2,529 | 5,269 | 5,569 | 9,342 | 9,003 | 5,029 | - | - | 890 | |
30/36 |
- | - | - | 1,554 | 1,554 | 1,804 | 1,804 | 1,804 | 2,054 | 2,280 | 2,529 | 5,269 | 5,569 | 9,342 | 9,003 | 5,029 | - | - | 890 | |
40/41 |
13,317 | 14,790 | 8,905 | 18,075 | 15,258 | 7,873 | 11,896 | 3,344 | 22,051 | 10,394 | 11,386 | 13,165 | 12,801 | 20,556 | 38,974 | 38,045 | 51,765 | 26,634 | 73,913 | |
40 |
13,182 | 14,644 | 8,883 | 17,750 | 15,258 | 7,873 | 11,896 | 3,344 | 18,570 | 7,861 | 11,295 | 12,326 | 10,567 | 20,556 | 38,974 | 30,063 | 41,765 | 26,634 | 70,853 | |
41 |
135 | 145 | 23 | 325 | - | - | - | - | 3,480 | 2,533 | 91 | 839 | 2,235 | - | - | 7,982 | 10,000 | 1 | 3,060 | |
50/53 |
- | - | - | - | - | 4,399 | 3,307 | 9,915 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
20,279 | 17,882 | 19,613 | 17,383 | 8,732 | - | - | - | 4,125 | 4,250 | 5,110 | 5,977 | 5,309 | 6,167 | 2,739 | 5,403 | 315 | 39,921 | 14,593 | |
490/1 |
4,385 | 2,357 | 945 | 1,604 | 846 | 940 | 998 | 2,518 | 5,302 | - | 1,313 | 981 | 2,687 | 5,021 | 3,399 | 2,383 | 1,002 | 3,834 | 7,897 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
100,757 | 110,500 | 58,279 | 64,937 | 35,123 | 20,935 | 32,867 | 40,494 | 63,367 | 50,033 | 41,482 | 74,282 | 97,410 | 103,146 | 88,988 | 97,106 | 116,680 | 146,353 | 165,551 | |
10/15 |
34,134 | 32,184 | 27,313 | 26,905 | 18,101 | 14,043 | 19,961 | 17,684 | 21,344 | 20,265 | 24,660 | 22,169 | 45,911 | 46,132 | 45,813 | 62,201 | 62,182 | 67,218 | 59,804 | |
10/11 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | - | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |
10 |
- | - | - | - | - | - | - | - | - | 6,250 | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | |
13 |
14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 14,015 | 15,919 | 15,919 | 39,563 | 39,563 | 39,563 | 55,951 | 55,932 | 60,968 | 53,554 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 12,155 | 14,059 | 14,059 | 37,703 | 37,703 | 37,703 | 54,091 | 54,072 | 59,108 | 51,694 | |
14 |
13,869 | 11,920 | 7,048 | 6,640 | -2,164 | -6,222 | -304 | -2,580 | 1,079 | - | 2,491 | - | 98 | 320 | - | - | - | - | - | |
17/49 |
66,623 | 78,315 | 30,966 | 38,032 | 17,022 | 6,892 | 12,907 | 22,810 | 42,023 | 29,768 | 16,822 | 52,113 | 51,499 | 57,014 | 43,175 | 34,905 | 54,498 | 79,135 | 105,747 | |
17 |
28,043 | 37,724 | - | - | - | - | - | 4,226 | 9,786 | 15,265 | 3,076 | 9,172 | 25,378 | 22,988 | - | - | 8,113 | 21,975 | 17,249 | |
170/4 |
28,043 | 37,724 | - | - | - | - | - | 4,226 | 9,786 | 15,265 | 3,076 | 9,172 | 25,378 | 22,988 | - | - | 8,113 | 21,975 | 17,249 | |
42/48 |
35,367 | 37,901 | 28,127 | 36,369 | 15,878 | 5,929 | 12,028 | 17,909 | 30,970 | 14,503 | 13,747 | 41,943 | 26,121 | 34,026 | 43,175 | 34,905 | 46,385 | 57,159 | 88,498 | |
42 |
9,681 | 9,257 | - | - | - | - | 4,226 | 5,561 | 5,479 | 5,398 | 6,097 | 16,206 | 15,642 | 10,417 | - | 8,113 | 13,863 | 13,863 | 7,666 | |
44 |
5,681 | 2,530 | 5,308 | 23,720 | 5,856 | 3,271 | 1,959 | 3,390 | 9,360 | 1,572 | 2,409 | 6,071 | 1,638 | 8,460 | 15,936 | 10,196 | 14,611 | 20,987 | 55,985 | |
440/4 |
5,681 | 2,530 | 5,308 | 23,720 | 5,856 | 3,271 | 1,959 | 3,390 | 9,360 | 1,572 | 2,409 | 6,071 | 1,638 | 8,460 | 15,936 | 10,196 | 14,611 | 20,987 | 55,985 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 177 | - | - | - | - | |
45 |
16,069 | 21,072 | 17,220 | 7,439 | 2,536 | 1,203 | 3,964 | 2,679 | 6,168 | 6,747 | 4,812 | 6,167 | 8,841 | 14,180 | 13,908 | 16,469 | 16,792 | 20,753 | 18,105 | |
450/3 |
12,069 | 12,072 | 11,220 | 5,034 | 2,536 | 1,203 | 3,964 | 2,679 | 5,268 | 4,155 | 4,812 | 2,667 | 8,841 | 8,580 | 5,308 | 10,869 | 11,092 | 16,753 | 16,105 | |
454/9 |
4,000 | 9,000 | 6,000 | 2,405 | - | - | - | - | 900 | 2,592 | - | 3,500 | - | 5,600 | 8,600 | 5,600 | 5,700 | 4,000 | 2,000 | |
47/48 |
3,935 | 5,042 | 5,600 | 5,211 | 7,485 | 1,456 | 1,879 | 6,280 | 9,963 | 786 | 429 | 13,500 | - | 969 | 13,154 | 127 | 1,120 | 1,557 | 6,742 | |
492/3 |
3,213 | 2,690 | 2,838 | 1,663 | 1,144 | 962 | 879 | 675 | 1,266 | - | - | 997 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 352 | - | - | 8,157 | - | - | - | - | 5,709 | |
9900 |
23,999 | 18,446 | 14,866 | 14,761 | 7,981 | 5,026 | 17,378 | 8,639 | 13,918 | 9,277 | 21,205 | 15,382 | 27,036 | 11,807 | 17,588 | 25,207 | 17,848 | 29,720 | 42,270 | |
630 |
15,467 | 8,573 | 4,268 | 2,605 | 2,325 | 9,786 | 9,881 | 9,825 | 9,442 | 11,334 | 12,563 | 22,285 | 22,283 | 16,526 | 18,985 | 18,814 | 18,916 | 17,471 | 13,357 | |
631/4 |
- | - | -2,529 | - | - | - | - | - | - | - | 2,529 | - | - | - | - | - | - | - | - | |
640/8 |
1,104 | 1,184 | 1,267 | 1,100 | 1,169 | 1,111 | 1,162 | 1,126 | 785 | 1,426 | 1,378 | 1,260 | 2,238 | 1,239 | 1,705 | 1,738 | 1,601 | 1,035 | 2,517 | |
66A |
- | - | - | - | - | - | - | 143 | - | - | - | - | - | - | - | - | 266 | - | - | |
9901 |
7,428 | 8,688 | 11,861 | 11,056 | 4,487 | -5,871 | 6,335 | -2,455 | 3,692 | -3,483 | 4,735 | -8,163 | 2,516 | -5,958 | -3,103 | 4,656 | -2,669 | 11,214 | 26,395 | |
75/76B |
0 | 10 | 1 | 0 | 1 | 1 | 3 | 0 | 0 | - | 147 | 133 | 105 | 541 | 434 | 113 | 24 | 770 | 1,601 | |
75 |
0 | 10 | 1 | 0 | 1 | 1 | 3 | 0 | 0 | 8 | 147 | 133 | 105 | 541 | 434 | 113 | 24 | 770 | 1,601 | |
76B |
- | - | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
2,081 | 877 | 133 | 424 | 297 | 289 | 535 | 840 | 946 | - | 944 | 1,667 | 2,200 | 1,825 | 1,142 | 2,731 | 2,123 | 1,136 | 1,765 | |
65 |
2,081 | 877 | 133 | 424 | 297 | 289 | 535 | 840 | 946 | 918 | 944 | 1,667 | 2,200 | 1,825 | 1,142 | 2,731 | 2,123 | 1,136 | 1,765 | |
9903 |
5,347 | 7,821 | 11,730 | 10,632 | 4,191 | -6,159 | 5,803 | -3,295 | 2,746 | -4,393 | 4,290 | -9,697 | 420 | 914 | -3,811 | 2,037 | -5,035 | 10,847 | 31,940 | |
67/77 |
3,397 | 2,950 | 3,321 | 1,828 | 132 | -242 | 3,527 | 365 | 1,667 | 2 | 1,799 | 545 | 642 | 594 | 577 | 2,018 | 2 | 3,433 | 12,179 | |
9904 |
1,950 | 4,871 | 8,408 | 8,804 | 4,058 | -5,917 | 2,276 | -3,660 | 1,079 | -4,395 | 2,491 | -10,242 | -222 | 320 | -4,389 | 19 | -5,036 | 7,415 | 19,761 | |
9905 |
1,950 | 4,871 | 8,408 | 8,804 | 4,058 | -5,917 | 2,276 | -3,660 | 1,079 | -4,395 | 2,491 | -10,242 | -222 | 320 | -4,389 | 19 | -5,036 | 7,415 | 19,761 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
13,869 | 11,920 | 15,048 | 6,640 | -2,164 | -6,222 | -304 | -2,580 | 1,079 | -1,904 | 2,491 | -10,144 | 98 | 320 | -4,389 | 19 | -5,036 | 7,415 | 19,761 | |
14P |
11,920 | 7,048 | 6,640 | -2,164 | -6,222 | - | - | - | - | 2,491 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | 1,904 | - | 23,644 | - | - | 16,389 | - | 5,036 | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19 | - | 7,415 | 13,878 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19 | - | 7,415 | 13,878 | |
694/7 |
- | - | 8,000 | - | - | - | - | - | - | - | - | 13,500 | - | - | 12,000 | - | - | - | 5,882 | |
694 |
- | - | 8,000 | - | - | - | - | - | - | - | - | 13,500 | - | - | 12,000 | - | - | - | 5,882 | |
| Document | ||||||||||||||||||||
The accounts for 2 older financial years (2005-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 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 30-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00100301 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00086470 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00080353 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00083691 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20009767 | |
| 30-09-2020 | micro format | 01-04-2021 | 2021-09400273 | |
| 30-09-2019 | micro format | 24-03-2020 | 2020-07300546 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07800529 | |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07700071 | |
| 30-09-2016 | abbreviated format | 11-04-2017 | 2017-09300229 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07900139 | |
| 30-09-2014 | abbreviated format | 30-03-2015 | 2015-08100201 | |
| 30-09-2013 | abbreviated format | 28-04-2014 | 2014-10300037 | |
| 30-09-2012 | abbreviated format | 30-04-2013 | 2013-10900481 | |
| 30-09-2011 | abbreviated format | 26-04-2012 | 2012-09800042 | |
| 30-09-2010 | abbreviated format | 19-04-2011 | 2011-08600256 | |
| 30-09-2009 | abbreviated format | 08-04-2010 | 2010-08900297 | |
| 30-09-2008 | abbreviated format | 23-03-2009 | 2009-08200293 | |
| 30-09-2007 | abbreviated format | 25-03-2008 | 2008-07900133 | |
| 30-09-2006 | abbreviated format | 26-03-2007 | 2007-09102103 | |
| 30-09-2005 | abbreviated format | 22-03-2006 | 2006-07804877 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €293 | €293 |
| 2022 | 1 | €120 | €120 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22,895 | 17,262 | 16,129 | 13,661 | 6,812 | 3,915 | 16,216 | 7,370 | 13,133 | 7,851 | 17,298 | 14,121 | 24,798 | 10,568 | 15,882 | 23,469 | 16,247 | 28,685 | 39,753 | ||
| 17,417 | 13,444 | 12,676 | 11,409 | 6,383 | 3,868 | 12,157 | 6,165 | 10,521 | 6,939 | 15,054 | 12,043 | 22,061 | 16,846 | 14,596 | 18,833 | 13,880 | 24,886 | 33,118 | ||
| 2,773 | 55,228 | 6,762 | 20,194 | 5,140 | 842 | 1,830 | 2,903 | 6,166 | 34,912 | 1,865 | 130 | 31,267 | 47,953 | 7,612 | 1,461 | 6,818 | 25,177 | 58,515 | ||
| 2,397 | -1,731 | 2,230 | 8,650 | - | - | - | - | -125 | -860 | -867 | 668 | -859 | 3,429 | -2,665 | 5,088 | -39,606 | 25,329 | - | ||
| 2,614 | -2,872 | 1,335 | 2,246 | 10,512 | 9,087 | 5,977 | -328 | 2,563 | 2,421 | 6,591 | -16,552 | 244 | 7,061 | 10,940 | 15,955 | 6,696 | 13,230 | 8,795 | ||
| 33.9% | 29.1% | 46.9% | 41.4% | 51.5% | 67.1% | 60.7% | 43.7% | 33.7% | 40.5% | 59.4% | 29.8% | 47.1% | 44.7% | 51.5% | 64.1% | 53.3% | 45.9% | 36.1% | ||
| 1.07 | 0.92 | 1.05 | 1.06 | 1.66 | 2.53 | 1.50 | 0.98 | 1.08 | 1.17 | 1.48 | 0.61 | 1.01 | 1.21 | 1.25 | 1.46 | 1.14 | 1.23 | 1.10 | ||
| 1.07 | 0.92 | 1.05 | 1.02 | 1.56 | 2.23 | 1.35 | 0.88 | 1.02 | 1.01 | 1.30 | 0.48 | 0.80 | 0.93 | 1.04 | 1.31 | 1.14 | 1.23 | 1.09 | ||
| 1.95 | 2.43 | 1.13 | 1.41 | 0.94 | 0.49 | 0.65 | 1.29 | 1.97 | 1.47 | 0.68 | 2.35 | 1.12 | 1.24 | 0.94 | 0.56 | 0.88 | 1.18 | 1.77 | ||
| 5.7% | 15.1% | 30.8% | 32.7% | 22.4% | -42.1% | 11.4% | -20.7% | 5.1% | -21.7% | 10.1% | -46.2% | -0.5% | 0.7% | -9.6% | 0.0% | -8.1% | 11.0% | 33.0% | ||
| 1.9% | 4.4% | 14.4% | 13.6% | 11.6% | -28.3% | 6.9% | -9.0% | 1.7% | -8.8% | 6.0% | -13.8% | -0.2% | 0.3% | -4.9% | 0.0% | -4.3% | 5.1% | 11.9% | ||
| 11.00 | 19.67 | over 100 | 32.21 | 22.93 | - | - | - | - | 8.55 | - | - | - | - | - | - | - | - | - |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,773 | €55,228 | €6,762 | €20,194 | €5,140 |
| €15,467 | €8,573 | €4,268 | €2,605 | €2,325 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 70.9% to 66.1%. Equity is higher and debt is lower.
ITHURON has no parent and no holdings in its annual accounts. ITHURON shares no director with another company.
| Bilsen, Jeroen (sole trader)
establishment since 24-08-2024 |
founded in 2024 1012.760.766 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 21 September 2004, ITHURON was incorporated.1 Of the 2 current board members, BILSEN Guy has served longest, since 2004.2 Total assets went from €32,867 in 2019 to €100,757 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Windmolenstraat 212 registered office 2660 Antwerp 7020001 Business and other management consultancy | 15-10-2004 | 2.139.700.729 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11019B0219/00Y006 | 430 m² | 1 · 115 m² | 11.5 m · 1 |
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