ITICS
ActiveSummary
ITICS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,751 and a net result of €13,496. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 36% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €122,751
- Profit
- €13,496
Why 94lowers riskLiquidity: current ratio 1.54, cash €227,144Size: total assets €315,829Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €122,751 (38.9% 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 70, micro): better than 37% on solvency, 60% on liquidity, 38% on profitability and 60% on growth.
The bankruptcy probability was computed on 29-10-2026 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 6 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)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €13,496
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €16,813 after a loss of €72,031 in 2024, the highest result in the available series.
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 70, Activities of head offices; management consultancy 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 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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 17,041 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 | €39,694 | €40,422 | €43,515 | €46,751 | €47,831 | €22,492 | €25,030 | ▲ 11.3% |
| Other operating charges640/8 | - | - | €1,244 | €1,273 | €1,455 | €246 | €3,268 | ▲ 13× |
| Gross operating margin9900 | €57,987 | €52,205 | -€75,933 | -€69,811 | -€57,430 | -€49,292 | €45,111 | - |
| Operating profit (loss)9901 | €16,148 | €9,602 | -€120,693 | -€117,835 | -€106,716 | -€72,031 | €16,813 | - |
| Financial income75/76B | - | - | €801 | €708 | €479 | €370 | €427 | ▲ 15.3% |
| Recurring financial income75 | €658 | €743 | €801 | €708 | €479 | €370 | €427 | ▲ 15.3% |
| Financial charges65/66B | - | - | €1,464 | €1,078 | €351 | €211 | €2,720 | ▲ 13× |
| Recurring financial charges65 | €1,733 | €1,751 | €1,464 | €1,078 | €351 | €211 | €2,720 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €15,073 | €8,594 | -€121,356 | -€118,205 | -€106,588 | -€71,872 | €14,519 | - |
| Income taxes67/77 | €6,819 | €5,284 | €649 | €638 | €457 | €503 | €1,023 | ▲ 104% |
| Profit (loss) for the period9904 | €8,255 | €3,310 | -€122,005 | -€118,843 | -€107,045 | -€72,375 | €13,496 | - |
| Profit (loss) for the period to be appropriated9905 | €8,255 | €3,310 | -€122,005 | -€118,843 | -€107,045 | -€72,375 | €13,496 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €752,594 | €751,478 | €630,371 | €512,803 | €374,828 | €308,234 | €315,829 | ▲ 2.5% |
| Fixed assets21/28 | €195,173 | €157,691 | €141,869 | €96,744 | €64,254 | €41,762 | €18,571 | ▼ 55.5% |
| Tangible fixed assets22/27 | €195,140 | €157,658 | €141,836 | €96,710 | €64,221 | €41,729 | €18,538 | ▼ 55.6% |
| Land and buildings22 | - | - | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Plant, machinery and equipment23 | - | - | €980 | €1,608 | €1,896 | €1,451 | €561 | ▼ 61.3% |
| Furniture and vehicles24 | - | - | €24,271 | €16,130 | €20,966 | €15,451 | €4,422 | ▼ 71.4% |
| Other tangible fixed assets26 | - | - | €113,485 | €75,872 | €38,260 | €21,727 | €10,455 | ▼ 51.9% |
| Financial fixed assets28 | €33 | €33 | €33 | €33 | €33 | €33 | €33 | = |
| Current assets29/58 | €557,421 | €593,787 | €488,502 | €416,059 | €310,574 | €266,472 | €297,258 | ▲ 11.6% |
| Amounts receivable within one year40/41 | €84,323 | €65,813 | €74,518 | €61,421 | €42,501 | €51,454 | €66,068 | ▲ 28.4% |
| Trade receivables40 | - | - | €2,419 | €1,591 | €4,154 | €14,454 | €29,068 | ▲ 101% |
| Other amounts receivable41 | - | - | €72,099 | €59,830 | €38,346 | €37,000 | €37,000 | = |
| Cash at bank and in hand54/58 | €464,373 | €524,003 | €410,618 | €352,120 | €265,077 | €211,652 | €227,144 | ▲ 7.3% |
| Deferred charges and accrued income490/1 | - | - | €3,366 | €2,518 | €2,996 | €3,366 | €4,046 | ▲ 20.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €752,594 | €751,478 | €630,371 | €512,803 | €374,828 | €308,234 | €315,829 | ▲ 2.5% |
| Equity10/15 | €26,213 | €29,523 | -€92,483 | -€211,326 | -€318,371 | €109,255 | €122,751 | ▲ 12.4% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €512,400 | €512,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €11,953 | €15,263 | -€106,743 | -€225,586 | -€332,631 | -€405,005 | -€391,509 | ▲ 3.3% |
| Amounts payable17/49 | €726,381 | €721,955 | €722,854 | €724,129 | €693,199 | €198,979 | €193,078 | ▼ 3.0% |
| Amounts payable within one year42/48 | €726,381 | €721,955 | €722,854 | €724,129 | €693,199 | €198,979 | €193,078 | ▼ 3.0% |
| Trade debts44 | €2,710 | €1,213 | €4,364 | €5,651 | €3,701 | €8,115 | €6,300 | ▼ 22.4% |
| Suppliers440/4 | - | - | €4,364 | €5,651 | €3,701 | €8,115 | €6,300 | ▼ 22.4% |
| Taxes, remuneration and social security45 | - | - | €649 | €638 | €457 | €1,130 | €5,299 | ▲ 369% |
| Taxes450/3 | - | - | €649 | €638 | €457 | €1,127 | €5,299 | ▲ 370% |
| Remuneration and social security454/9 | - | - | - | - | - | €3 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €717,840 | €717,840 | €689,040 | €189,734 | €181,479 | ▼ 4.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,255 | €3,310 | -€122,005 | -€118,843 | -€107,045 | -€72,375 | €13,496 | - |
| + Depreciation and write-downs630 | €39,694 | €40,422 | €43,515 | €46,751 | €47,831 | €22,492 | €25,030 | ▲ 11.3% |
| Operating cash flow (approximation) | €47,948 | €43,732 | -€78,490 | -€72,092 | -€59,214 | -€49,882 | €38,526 | - |
| Investment in fixed assets (approximation) | - | -€2,940 | -€27,693 | -€1,626 | -€15,342 | €0 | -€1,839 | - |
| Change in cash | - | €59,630 | -€113,385 | -€58,498 | -€87,043 | -€53,425 | €15,491 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00093000 |
| 30-09-2024 | micro format | 24-04-2025 | 2025-00074652 |
| 30-09-2023 | micro format | 02-05-2024 | 2024-00080228 |
| 30-09-2022 | micro format | 25-04-2023 | 2023-00067408 |
| 30-09-2021 | micro format | 30-05-2022 | 2022-20040435 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12500292 |
| 30-09-2019 | micro format | 25-05-2020 | 2020-12800329 |
| 30-09-2018 | abbreviated format | 28-03-2019 | 2019-08100261 |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08100451 |
| 30-09-2016 | abbreviated format | 05-04-2017 | 2017-08000049 |
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
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Wim MOONS |
|
Owners and capital
Owners
3 ownersChain of control
- Holdco W.M. Comm. V
- ITICS
Highest known parent: Holdco W.M. Comm. V. The sources do not say who stands above it.
Owners 3
- Holdco WMparentSourceown accounts 30-09-201899%
- Holdco W.M. Comm. Vconsolidating parentconsolidates
- Wim Moonsnatural personSourceown accounts 30-09-20181%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 29-12-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-07
Gazette deed
MiscellaneousAuditor report · Capital contribution3 facts ▸
- General meeting, 27-06-2024
- Auditor report, “in eer en geweten vervuld, inbreng in natura bij ITICS BV” (deed in Dutch)
- Capital contribution, €500,000
29-12
Gazette deed
Appointment: Wim MOONS (director)Legal-form conversion · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 21-12-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Registered office clause, “Vlaams Gewest, 2547 Lint,Kardinaal Cardijnlaan 27” (deed in Dutch)
- Other provision, “itics.bvba@telenet.be, e-mailadres van de vennootschap” (deed in Dutch)
- Director appointment, Wim MOONS (director)
- Power of attorney (2 times)
- Capital
- Other provision, “TITEL VII ONTBINDING VEREFFENING, titel ontbinding vereffening” (deed in Dutch)
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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 |
|---|---|---|---|---|
| 11025D0086/00D005 | Flanders | 687 m² | 1 · 171 m² | 10.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verrichten van alle diensten en het verlenen van alle diensten inzake functionele consultancy en projectmanagement; Alle activiteiten…” (deed in Dutch)
13 activities (deed in Dutch)
- Het verrichten van alle diensten en het verlenen van alle diensten inzake functionele consultancy en projectmanagement
- Alle activiteiten van een softwarehuis,zoals de analyse,ontwikkeling,commercialisering en exploitatie van software,evenals de handelingen omtrent de in en verkoop en verhuur van ondersteunend materiaal.Opleiding in programmeertaal,het verlenen van advies,consultancy,diensten en voorlichting van natuurlijke en rechtspersonen,zowel in de privé als in de openbare sector,zowel in binnen- als in het buitenland met betrekking tot diverse informatiesystemen en het internet
- Aankoop en verkoop,import en export,verhuur,leasing en installatie van computerhardware en software en alle randapparatuur en toebehoren daarmee gepaard gaande,alsmede het onderhoud ervan
- De onderneming in elektronische handel,de verkoop van alle goederen of diensten via het Internet of andere gegevensdragers;het opmaken van websites en het verlenen van alle diensten dienaangaande
- De productie,ontwikkeling en realisatie van interactieve multimedia toepassingen en elke vorm van interactieve handel of levering van diensten
- Inkoop en verkoop,import en export,verhuur,leasing en installatie van communicatiesystemen,zowel hardware als software en alle toebehoren daarmee gepaard gaande
- Het ontwerp en inrichting van computerzalen en inkoop,verkoop en ontwerp van gespecialiseerd meubilair
- Zowel in België als in het buitenland,onder eender welke vorm,participaties te verwerven en aan te houden in vennootschappen en ondernemingen
- Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen;het management en het bestuur van om het even welke ondernemingen en vennootschappen;het optreden als vereffenaar
- Het verlenen van technische,administratieve,financiële of commerciële bijstand aan alle Belgische en buitenlandse ondernemingen
- Haar patrimonium,bestaande uit onroerende en roerende goederen,te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden
- De aankoop,verhuur,onderhoud en verkoop van alle onroerende en roerende goederen,desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden zoals alle soorten materieel,gereedschappen,machines,installaties en computers,soft- en hardware
- Het aanvragen,verwerven,verhandelen en exploiteren van licenties,octrooien,merken en dergelijke
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ITICS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, mag bij eenvoudig besluit bestuurszetels,bijhuizen en agentschappen oprichten,zowel in België als in buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “11.3. Vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meerdere bestuurders,natuurlijke of rechtspersonen,al dan niet aandeelhouders, iedere bestuurder kan te allen tijde vrijwillig…” (deed in Dutch)“Iedere bestuurder beschikt individueel over meest uitgebreide macht om alle daden van bestuur te verrichten nodig of dienstig tot…” (deed in Dutch)“Algemene vergadering, gewone algemene vergadering in boekjaar van verstrijken” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of March