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ITIFY

Active
Private limited companyfounded 20224 yrs activeAssesteenweg 116A, 1740 Ternat, BelgiumKBO/BCE: BE 0786.312.583
Summary

ITIFY has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77,631 and a net result of €23,874. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 11.15 against 8.36 in 2023; short-term debt: 8.6% and cash: 19.2% of total assets), and 8.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
86 d late
2022
71 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ITIFY was incorporated on 17 May 2022 as a Private limited company.1 Total assets rose from EUR 26,307 in 2022 to EUR 84,930 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23,874▼ 26.0%
2023 · €32,272
Working capital
€74,064▲ 51.7%
2023 · €48,821
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€19,883-€32,695▲ 64.4%€29,668▼ 9.3%
Net result€19,485within the sector's middle half-€32,272within the sector's middle half▲ 65.6%€23,874within the sector's middle half▼ 26.0%
Equity€21,485below the sector's middle half-€53,756within the sector's middle half▲ 150%€77,631within the sector's middle half▲ 44.4%
Total assets€26,307below the sector's middle half-€60,385below the sector's middle half▲ 130%€84,930within the sector's middle half▲ 40.6%
Debt€4,822-€6,629▲ 37.5%€7,300▲ 10.1%
Working capital€18,581-€48,821▲ 163%€74,064▲ 51.7%
Solvency81.7%above the sector's middle half-89.0%above the sector's middle half▲ 7.4pp91.4%above the sector's middle half▲ 2.4pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €19,883€19,883Net result 2022: €19,485€19,485Operating result 2023: €32,695€32,695Net result 2023: €32,272€32,272Operating result 2024: €29,668€29,668Net result 2024: €23,874€23,874202220232024€0€10,000€20,000€30,000Operating result 2022: €19,883€19,900Net result 2022: €19,485€19,500Operating result 2023: €32,695€32,700Net result 2023: €32,272€32,300Operating result 2024: €29,668€29,700Net result 2024: €23,874€23,900202220232024
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,930
Fixed assets €3,567 ▼ 27.7%
Current assets €81,364 ▲ 46.7%
Equity and liabilities €84,930
Equity €77,631 ▲ 44.4%
Debt €7,300 ▲ 10.1%
Debt's share of the balance-sheet total falls from 11.0% to 8.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€31,037▼
2023 · €34,064
Cash flow
€25,243▼
2023 · €33,640
Current ratio
11.15▲
2023 · 8.36
Debt to equity
0.09▼
2023 · 0.12
ROE
30.8%▼
2023 · 60.0%
ROA
28.1%▼
2023 · 53.4%
Interest coverage
206.06▲
2023 · 80.47
Debt ≤ 1 year
€7,300▲
2023 · €6,629
Income taxes
€5,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€60,385€84,930▲
Fixed assets21/28€4,935€3,567▼
Tangible fixed assets22/27€4,786€3,418▼
Furniture and vehicles24€4,786€3,418▼
Financial fixed assets28€149€149=
Current assets29/58€55,450€81,364▲
Amounts receivable within one year40/41€19,923€23,562▲
Trade receivables40€11,979€13,430▲
Other amounts receivable41€7,944€10,132▲
Current investments50/53€20,000€41,500▲
Cash at bank and in hand54/58€15,526€16,301▲
Equity and liabilities
Total equity and liabilities10/49€60,385€84,930▲
Equity10/15€53,756€77,631▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€51,756€75,631▲
Amounts payable17/49€6,629€7,300▲
Amounts payable within one year42/48€6,629€7,300▲
Trade debts44€4,661€3,848▼
Suppliers440/4€4,661€3,848▼
Taxes, remuneration and social security45€1,968€3,452▲
Taxes450/3€1,968€578▼
Remuneration and social security454/9-€2,873
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,369€1,369=
Other operating charges640/8€509€372▼
Gross operating margin9900€34,573€31,408▼
Operating profit (loss)9901€32,695€29,668▼
Financial income75/76B-€69
Recurring financial income75-€69
Financial charges65/66B€423€151▼
Recurring financial charges65€423€151▼
Profit (loss) for the period before taxes9903€32,272€29,587▼
Income taxes67/77-€5,712
Profit (loss) for the period9904€32,272€23,874▼
Profit (loss) for the period to be appropriated9905€32,272€23,874▼
Appropriation of the result
Profit (loss) to be appropriated9906€51,756€75,631▲
Profit (loss) brought forward from the previous period14P€19,485€51,756▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€689€1,369€1,369=
Other operating charges640/8-€509€372▼ 27.1%
Gross operating margin9900€20,572€34,573€31,408▼ 9.2%
Operating profit (loss)9901€19,883€32,695€29,668▼ 9.3%
Financial income75/76B--€69-
Recurring financial income75--€69-
Financial charges65/66B€398€423€151▼ 64.4%
Recurring financial charges65€398€423€151▼ 64.4%
Profit (loss) for the period before taxes9903€19,485€32,272€29,587▼ 8.3%
Income taxes67/77--€5,712-
Profit (loss) for the period9904€19,485€32,272€23,874▼ 26.0%
Profit (loss) for the period to be appropriated9905€19,485€32,272€23,874▼ 26.0%
Line202220232024Change
Assets
Total assets20/58€26,307€60,385€84,930▲ 40.6%
Fixed assets21/28€2,904€4,935€3,567▼ 27.7%
Tangible fixed assets22/27€2,755€4,786€3,418▼ 28.6%
Furniture and vehicles24€2,755€4,786€3,418▼ 28.6%
Financial fixed assets28€149€149€149=
Current assets29/58€23,403€55,450€81,364▲ 46.7%
Amounts receivable within one year40/41€9,170€19,923€23,562▲ 18.3%
Trade receivables40€9,170€11,979€13,430▲ 12.1%
Other amounts receivable41-€7,944€10,132▲ 27.5%
Current investments50/53€5,000€20,000€41,500▲ 108%
Cash at bank and in hand54/58€9,233€15,526€16,301▲ 5.0%
Equity and liabilities
Total equity and liabilities10/49€26,307€60,385€84,930▲ 40.6%
Equity10/15€21,485€53,756€77,631▲ 44.4%
Contributions10/11€2,000€2,000€2,000=
Profit (loss) carried forward14€19,485€51,756€75,631▲ 46.1%
Amounts payable17/49€4,822€6,629€7,300▲ 10.1%
Amounts payable within one year42/48€4,822€6,629€7,300▲ 10.1%
Trade debts44€17€4,661€3,848▼ 17.4%
Suppliers440/4€17€4,661€3,848▼ 17.4%
Taxes, remuneration and social security45€4,200€1,968€3,452▲ 75.4%
Taxes450/3€4,200€1,968€578▼ 70.6%
Remuneration and social security454/9--€2,873-
Other amounts payable47/48€606---
Line202220232024Change
Profit (loss) for the period9904€19,485€32,272€23,874▼ 26.0%
+ Depreciation and write-downs630€689€1,369€1,369=
Operating cash flow (approximation)€20,173€33,640€25,243▼ 25.0%
Investment in fixed assets (approximation)--€3,400€0▲ 100%
Change in cash-€6,293€775▼ 87.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
31-12
Financial Highest result since 2022net €32,272 ▲65.6%
Operating result €32,695, net result €32,272, both a record.
10-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ternat · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
178 m²
Building footprint
154 m²
Volume, LiDAR
1,411 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Albrecht Rodenbachstraat 18, 2140 Antwerpen
General electrical installation work
since 20222.331.323.536
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11312A0076/00Z004 Flanders 96 m² 1 · 96 m² 12.7 m · 3 fl.
23086A0354/00K002 Flanders 82 m² 1 · 58 m² 10.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 287 EUR awarded
Year Entries awardedpaid
2022 1 287 EUR0 EUR
Schemes
1 entry · 287 EUR · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,580 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
Contact
Website www.itify.be
E-mail ismail.boushabi@itify.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786312583
Also 9925:BE0786312583
Registered 17-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.