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ITHURRIA

Active
Public limited companyfounded 1990active for 36 yearsOmmegangstraat 7-9, 9690 Kluisbergen, BelgiumKBO/BCE: BE 0442.295.353
Summary

The annual accounts of ITHURRIA for financial year 2025 show a net loss of 70% of total assets and of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €468,425 and a net result of -€1.4m. Equity is shrinking by about 4.9% per year across the filed financial years. Its solvency ranks better than 25% of 10,771 sector peers (NACE 70, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
ITHURRIAActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200
2nd oldest company in Kluisbergen, Professional and technical services sector1 site
Size
≈ €1,900turnover 2025, estimated
Equity
€468,425
Loss
-€1.4m
Turnover estimated from the gross margin
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Holdings
2
2025 accounts filed 27 days late1 of 7 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €1.4m, the second in a row (financial year 2025)Liquidity: current ratio 0.04, cash €4,318lowers riskSize: total assets €2.0mSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 70, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 48-32
equity 23.4% of total assets
Liquidity 11-20
short-term debt 72.5% · cash 0.2%
Profitability 0-12
return on assets -69.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,519 companies, NACE 70, small)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 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: 0.3%▲ +0.2 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025highest value 07-2025: 0.1%▼ -0.2 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €24,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.04, compared with 0.14 in 2024, below 1; short-term debt: 72.5% and cash: 0.2% of total assets), and 76.6% of the assets are financed with debt and provisions.
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 70, small): better than 24% on solvency, 5% on liquidity, 1% on profitability and 3% on growth.

The bankruptcy probability was computed on 28-10-2026 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

Six signals.
lowers riskraises risk
raises risk · Loss of €1.4m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €2.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.04, cash €4,318
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.4m
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
28 days late
2023
on the day
2022
2 days early
2021
31 days early
2020
28 days early
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end29-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointments: Norbert DRUWEL, Alexandre DRUWEL and…Gazette deed
  3. Weakest financial yearnet -€1.4m

Key points

  • Risk: 6 loss-making years in a rowloss financial year 2025 -€1.4m View
  • Caution: Result fell in 2025from -€173,621 to -€1.4m ▼ 703% View
  • Caution: Among the weakest 5% on net resultsector median €37,739 · 10,771 companies -€1.4m View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Financial year
2025
Total assets
€2.0m
Loss
-€1.4m
Solvency
23.4%
Total assets▼ 41.3%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • Alexandre DRUWELDirector
  • Magali DRUWELDirector
  • Norbert DRUWELDirector
Go to Board & ownership

Timeline

Events
37
Since
1993
Next accounts
by 30-04-2027
  1. 28-05-2025Annual accounts filed
  2. 30-04-2024Annual accounts filed
  3. 28-04-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
16-10-1990
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about ITHURRIA

What is the company number of ITHURRIA?
0442.295.353. In Belgium the VAT number is the company number with BE in front: BE 0442.295.353.
Where is ITHURRIA based?
The registered office is at Ommegangstraat 7-9, 9690 Kluisbergen.Company details
What does ITHURRIA do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of ITHURRIA?
Public limited company (NV).
When was ITHURRIA founded?
On 16-10-1990.
Is ITHURRIA still active?
Yes, ITHURRIA is an active enterprise in the KBO register.
What is the turnover of ITHURRIA?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is ITHURRIA profitable?
In financial year 2025, ITHURRIA made a loss of €1.4m.
Where can I find the annual accounts of ITHURRIA?
ITHURRIA filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ITHURRIA due?
By 30-04-2027, for financial year 2026.Timeline

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