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ITIMO

Active
Public limited companyfounded 198838 yrs activeGrote Hemmenweg 9, 3520 Zonhoven, BelgiumKBO/BCE: BE 0433.644.339
Summary

ITIMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,205 and a net result of -€4,824. Equity is shrinking by ~23.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability14▼-5
Solvency88▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.04 in 2024; short-term debt: 34.3% and cash: 0.1% of total assets), and 36.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.2%
Return on assets
-3.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-11-2025, 71 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
71 d early
2024
80 d early
2023
50 d early
2022
54 d early
2021
24 d early
2020
52 d early
2019
60 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 56 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 8 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
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

ITIMO was incorporated on 7 March 1988.1 Total assets fell from EUR 413,718 in 2019 to EUR 125,229 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€79,205▼ 5.7%
2024 · €84,029
Total assets
€125,229▲ 0.1%
2024 · €125,069
Net result
-€4,824▼ 3,743%
2024 · -€126
Working capital
€39,619▼ 2.4%
2024 · €40,583
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€6,002-€14,194▼ 136%-€11,260▲ 20.7%-€4,994▲ 55.7%-€9,603▼ 92.3%
Net result€7,590-€526-€12,033▼ 2,187%-€126▲ 99.0%-€4,824▼ 3,743%
Equity€307,397▲ 2.5%€306,871▼ 0.2%€294,837▼ 3.9%€84,029▼ 71.5%€79,205▼ 5.7%
Total assets€314,423▼ 4.4%€310,486▼ 1.3%€301,395▼ 2.9%€125,069▼ 58.5%€125,229▲ 0.1%
Debt€7,027▼ 75.9%€3,616▼ 48.5%€6,557▲ 81.4%€41,040▲ 526%€46,024▲ 12.1%
Working capital€255,955▼ 1.6%€257,522▲ 0.6%€249,056▼ 3.3%€40,583▼ 83.7%€39,619▼ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: -€6,002-€6,002Net result 2021: €7,590€7,590Operating result 2022: -€14,194-€14,194Net result 2022: -€526-€526Operating result 2023: -€11,260-€11,260Net result 2023: -€12,033-€12,033Operating result 2024: -€4,994-€4,994Net result 2024: -€126-€126Operating result 2025: -€9,603-€9,603Net result 2025: -€4,824-€4,82420212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€11,260-€11,300Net result 2023: -€12,033-€12,000Operating result 2024: -€4,994-€4,990Net result 2024: -€126-€126Operating result 2025: -€9,603-€9,600Net result 2025: -€4,824-€4,820202320242025
The operating result stays negative: a loss of €9,603 in 2025 against €4,994 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,229
Fixed assets €42,599 ▼ 6.0%
Current assets €82,629 ▲ 3.6%
Equity and liabilities €125,229
Equity €79,205 ▼ 5.7%
Debt €46,024 ▲ 12.1%
Debt's share of the balance-sheet total rises from 32.8% to 36.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,871▼
2024 · -€2,262
Cash flow
-€2,093▼
2024 · €2,606
Current ratio
1.92▼
2024 · 2.04
Debt to equity
0.58▲
2024 · 0.49
ROE
-6.1%▼
2024 · -0.1%
ROA
-3.9%▼
2024 · -0.1%
Interest coverage
-183.22▼
2024 · -64.63
Debt ≤ 1 year
€43,011▲
2024 · €39,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% 1.7%
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 75% 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 12,321 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 · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€125,069€125,229▲
Fixed assets21/28€45,331€42,599▼
Tangible fixed assets22/27€45,331€42,599▼
Land and buildings22€42,988€41,503▼
Furniture and vehicles24€2,342€1,096▼
Current assets29/58€79,738€82,629▲
Amounts receivable within one year40/41€77,054€81,869▲
Other amounts receivable41€77,054€81,869▲
Cash at bank and in hand54/58€1,291€152▼
Deferred charges and accrued income490/1€1,394€608▼
Equity and liabilities
Total equity and liabilities10/49€125,069€125,229▲
Equity10/15€84,029€79,205▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€123,258€123,258=
Non-distributable reserves130/1€6,015€6,015=
Legal reserve130€6,015€6,015=
Distributable reserves133€117,243€117,243=
Profit (loss) carried forward14-€101,229-€106,054▼
Amounts payable17/49€41,040€46,024▲
Amounts payable within one year42/48€39,156€43,011▲
Trade debts44€2,216€62▼
Suppliers440/4€2,216€62▼
Other amounts payable47/48€36,940€42,949▲
Accrued charges and deferred income492/3€1,884€3,013▲
Income statement Code20242025
Non-recurring operating income76A-€371
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,732€2,732=
Other operating charges640/8€2,212€2,252▲
Gross operating margin9900-€50-€4,619▼
Operating profit (loss)9901-€4,994-€9,603▼
Financial income75/76B€4,903€4,816▼
Recurring financial income75€4,903€4,816▼
Financial charges65/66B€35€38▲
Recurring financial charges65€35€38▲
Profit (loss) for the period before taxes9903-€126-€4,824▼
Profit (loss) for the period9904-€126-€4,824▼
Profit (loss) for the period to be appropriated9905-€126-€4,824▼
Appropriation of the result
Profit (loss) to be appropriated9906-€101,229-€106,054▼
Profit (loss) brought forward from the previous period14P-€101,104-€101,229▼

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

Line20212022202320242025Change
Non-recurring operating income76A----€371-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,059€3,606€3,499€2,732€2,732=
Other operating charges640/8-€1,875€1,961€2,212€2,252▲ 1.8%
Gross operating margin9900-€2,093-€8,713-€5,800-€50-€4,619▼ 9,157%
Operating profit (loss)9901-€6,002-€14,194-€11,260-€4,994-€9,603▼ 92.3%
Financial income75/76B-€13,707€17,099€4,903€4,816▼ 1.8%
Recurring financial income75€16,398€13,707€17,099€4,903€4,816▼ 1.8%
Financial charges65/66B-€39€17,872€35€38▲ 7.1%
Recurring financial charges65€30€39€42€35€38▲ 7.1%
Non-recurring financial charges66B--€17,830---
Profit (loss) for the period before taxes9903€10,366-€526-€12,033-€126-€4,824▼ 3,743%
Income taxes67/77€2,775-----
Profit (loss) for the period9904€7,590-€526-€12,033-€126-€4,824▼ 3,743%
Profit (loss) for the period to be appropriated9905€7,590-€526-€12,033-€126-€4,824▼ 3,743%
Line20212022202320242025Change
Assets
Total assets20/58€314,423€310,486€301,395€125,069€125,229▲ 0.1%
Fixed assets21/28€53,637€51,562€48,063€45,331€42,599▼ 6.0%
Tangible fixed assets22/27€53,637€51,562€48,063€45,331€42,599▼ 6.0%
Land and buildings22-€46,561€44,474€42,988€41,503▼ 3.5%
Furniture and vehicles24-€5,001€3,588€2,342€1,096▼ 53.2%
Current assets29/58€260,786€258,925€253,332€79,738€82,629▲ 3.6%
Amounts receivable within one year40/41€179,963€257,055€252,275€77,054€81,869▲ 6.3%
Other amounts receivable41-€257,055€252,275€77,054€81,869▲ 6.3%
Cash at bank and in hand54/58€80,229€1,398€531€1,291€152▼ 88.2%
Deferred charges and accrued income490/1-€471€527€1,394€608▼ 56.4%
Equity and liabilities
Total equity and liabilities10/49€314,423€310,486€301,395€125,069€125,229▲ 0.1%
Equity10/15€307,397€306,871€294,837€84,029€79,205▼ 5.7%
Contributions10/11€272,683€272,683€272,683€62,000€62,000=
Capital10-€272,683€272,683€62,000€62,000=
Issued capital100-€272,683€272,683€62,000€62,000=
Reserves13€123,258€123,258€123,258€123,258€123,258=
Non-distributable reserves130/1-€6,015€6,015€6,015€6,015=
Legal reserve130-€6,015€6,015€6,015€6,015=
Distributable reserves133-€117,243€117,243€117,243€117,243=
Profit (loss) carried forward14-€88,545-€89,071-€101,104-€101,229-€106,054▼ 4.8%
Amounts payable17/49€7,027€3,616€6,557€41,040€46,024▲ 12.1%
Amounts payable within one year42/48€4,831€1,403€4,276€39,156€43,011▲ 9.8%
Trade debts44€2,055€1,403€4,276€2,216€62▼ 97.2%
Suppliers440/4-€1,403€4,276€2,216€62▼ 97.2%
Other amounts payable47/48---€36,940€42,949▲ 16.3%
Accrued charges and deferred income492/3-€2,213€2,281€1,884€3,013▲ 59.9%
Line20212022202320242025Change
Profit (loss) for the period9904€7,590-€526-€12,033-€126-€4,824▼ 3,743%
+ Depreciation and write-downs630€2,059€3,606€3,499€2,732€2,732=
Operating cash flow (approximation)€9,649€3,080-€8,534€2,606-€2,093▼ 180%
Investment in fixed assets (approximation)--€1,530€0€0€0-
Change in cash--€78,831-€868€760-€1,139▼ 250%

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

Next filing, fiscal year 2026, expected by 31-01-2027
2025
21-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
12-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
12-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
08-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial Liquidity triplescurrent ratio 184.58
Current ratio from 53.99 to 184.58; short-term debt falls from €4,831 to €1,403.
07-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Back to profitnet €7,590
Net result €7,590 after one loss-making year.
30-06
Financial Liquidity times 5current ratio 53.99
Current ratio from 10.63 to 53.99; short-term debt falls from €27,014 to €4,831.
2020
10-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial Weakest financial yearnet -€96,135
Net result drops to -€96,135, the lowest in the series; recovery starts the following year.
2019
02-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
05-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
09-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Zonhoven · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
1,024 m²
Building footprint
161 m²
Volume, LiDAR
1,545 m³
Parcel 71442C0552/00T002, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NV ITIMO
Grote Hemmenweg 9, 3520 ZonhovenNACE 70201
since 19882.039.303.254
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71442C0552/00T002 Flanders 1,024 m² 1 · 161 m² 13.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded07-03-1988
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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