ITINERA
ActiveSummary
ITINERA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €389,866. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+16
Solvency93▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.09 in 2024; short-term debt: 28.1% and cash: 1% of total assets), and 32% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68%
Return on assets
23.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
27 d late
2023
223 d late
2022
26 d late
2021
30 d late
2020
31 d late
2019
21 d 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 45 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 May (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by total assets in Erpe-Mere, Telecoms and IT sector#4 company by equity in Erpe-Mere, Telecoms and IT sector#6 oldest company in Erpe-Mere, Telecoms and IT sector
Equity
€1.1m▲ 44.3%
2024 · €768,001
Total assets
€1.6m▲ 6.6%
2024 · €1.5m
Net result
€389,866
2024 · -€262,222
Working capital
-€253,639▲ 55.0%
2024 · -€563,477
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
Line20212022202320242025
Operating result€75,340▼ 31.8%€251,714▲ 234%-€41,549€147,315€108,056▼ 26.6%
Net result€43,641within the sector's middle half▼ 24.5%€552,843above the sector's middle half▲ 1,167%-€50,212below the sector's middle half-€262,222below the sector's middle half▼ 422%€389,866above the sector's middle half
Equity€753,878above the sector's middle half▲ 6.1%€1.3mabove the sector's middle half▲ 73.3%€1.0mabove the sector's middle half▼ 21.2%€768,001above the sector's middle half▼ 25.5%€1.1mabove the sector's middle half▲ 44.3%
Total assets€1.8mabove the sector's middle half▲ 7.8%€1.7mabove the sector's middle half▼ 6.3%€1.5mabove the sector's middle half▼ 7.6%€1.5mabove the sector's middle half▼ 0.1%€1.6mabove the sector's middle half▲ 6.6%
Debt€992,447▲ 9.3%€277,561▼ 72.0%€428,561▲ 54.4%€689,136▲ 60.8%€469,507▼ 31.9%
Working capital-€627,961below the sector's middle half▼ 9.7%€17,637within the sector's middle half-€24,263below the sector's middle half-€563,477below the sector's middle half▼ 2,222%-€253,639below the sector's middle half▲ 55.0%
Solvency42.7%within the sector's middle half▼ 0.7pp78.9%above the sector's middle half▲ 36.3pp67.3%within the sector's middle half▼ 11.6pp50.3%within the sector's middle half▼ 17.1pp68.0%within the sector's middle half▲ 17.8pp
Current ratio0.10below the sector's middle half▲ 0.031.10within the sector's middle half▲ 0.990.94below the sector's middle half▼ 0.160.09below the sector's middle half▼ 0.850.45below the sector's middle half▲ 0.36
Return on assets (ROA)2.5%within the sector's middle half▼ 1.1pp33.4%above the sector's middle half▲ 30.9pp-3.3%below the sector's middle half▼ 36.7pp-17.2%below the sector's middle half▼ 13.9pp23.9%within the sector's middle half▲ 41.1pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▼ 3.5%
Current assets
€204,127 ▲ 286%
Equity and liabilities €1.6m
Equity
€1.1m ▲ 44.3%
Provisions
€51,277 ▼ 27.9%
Debt
€469,507 ▼ 31.9%
Debt's share of the balance-sheet total falls from 45.1% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,005▼
2024 · €148,264
Cash flow
€390,815▲
2024 · -€261,274
Debt to equity
0.42▼
2024 · 0.90
ROE
35.2%▲
2024 · -34.1%
Interest coverage
2.09▼
2024 · 33.43
Debt ≤ 1 year
€457,765▼
2024 · €616,296
Debt > 1 year
€10,000▼
2024 · €65,210
Income taxes
€35,803▲
2024 · €26,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €205,106 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,896 | €1,185 | €1,235 | €949 | €949 | = |
| Other operating charges640/8 | €5,234 | €6,728 | €1,864 | €501 | €1,011 | ▲ 102% |
| Gross operating margin9900 | €91,470 | €259,627 | -€38,450 | €148,765 | €110,015 | ▼ 26.0% |
| Operating profit (loss)9901 | €75,340 | €251,714 | -€41,549 | €147,315 | €108,056 | ▼ 26.6% |
| Financial income75/76B | €0 | €378,784 | €111 | €235 | €350,000 | ▲ 148,545% |
| Recurring financial income75 | €0 | €378,784 | €111 | €235 | €350,000 | ▲ 148,545% |
| Financial charges65/66B | €15,318 | €16,606 | €8,190 | €383,213 | €52,265 | ▼ 86.4% |
| Recurring financial charges65 | €15,318 | €16,606 | €8,190 | €4,435 | €52,265 | ▲ 1,079% |
| Non-recurring financial charges66B | - | - | - | €378,778 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €60,022 | €613,892 | -€49,629 | -€235,662 | €405,791 | ▲ 272% |
| Transfer from deferred taxes780 | - | - | - | - | €19,878 | - |
| Transfer to deferred taxes680 | - | €51,277 | €0 | - | - | - |
| Income taxes67/77 | €16,381 | €9,772 | €584 | €26,560 | €35,803 | ▲ 34.8% |
| Profit (loss) for the period9904 | €43,641 | €552,843 | -€50,212 | -€262,222 | €389,866 | ▲ 249% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €47,324 | - |
| Transfer to tax-exempt reserves689 | - | €153,830 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €43,641 | €399,014 | -€50,212 | -€262,222 | €437,189 | ▲ 267% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.5m | €1.5m | €1.6m | ▲ 6.6% |
| Fixed assets21/28 | €1.7m | €1.5m | €1.2m | €1.5m | €1.4m | ▼ 3.5% |
| Tangible fixed assets22/27 | €294,074 | €3,489 | €2,255 | €1,306 | €357 | ▼ 72.6% |
| Land and buildings22 | €289,399 | - | - | - | - | - |
| Furniture and vehicles24 | €4,675 | €3,489 | €2,255 | €1,306 | €357 | ▼ 72.6% |
| Financial fixed assets28 | €1.4m | €1.5m | €1.2m | €1.5m | €1.4m | ▼ 3.4% |
| Current assets29/58 | €73,015 | €201,495 | €353,518 | €52,819 | €204,127 | ▲ 286% |
| Amounts receivable within one year40/41 | €72,824 | €200,329 | €353,089 | €51,991 | €188,239 | ▲ 262% |
| Trade receivables40 | €70,897 | €10,541 | €258,107 | €45,541 | €132,192 | ▲ 190% |
| Other amounts receivable41 | €1,926 | €189,788 | €94,982 | €6,450 | €56,047 | ▲ 769% |
| Cash at bank and in hand54/58 | €192 | €1,166 | €188 | €828 | €15,887 | ▲ 1,819% |
| Deferred charges and accrued income490/1 | - | - | €241 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.5m | €1.5m | €1.6m | ▲ 6.6% |
| Equity10/15 | €753,878 | €1.3m | €1.0m | €768,001 | €1.1m | ▲ 44.3% |
| Contributions10/11 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Capital10 | €6,205 | €6,205 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,395 | €12,395 | - | - | - | - |
| Revaluation surpluses12 | €226,286 | €226,286 | €0 | - | - | - |
| Reserves13 | €49,184 | €203,013 | €203,013 | €203,013 | €305,690 | ▲ 50.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | €47,324 | €201,153 | €201,153 | €201,153 | €153,830 | ▼ 23.5% |
| Distributable reserves133 | - | - | - | €1,860 | €151,860 | ▲ 8,065% |
| Profit (loss) carried forward14 | €472,203 | €871,217 | €821,005 | €558,782 | €795,972 | ▲ 42.4% |
| Provisions and deferred taxes16 | €19,878 | €71,155 | €71,155 | €71,155 | €51,277 | ▼ 27.9% |
| Deferred taxes168 | €19,878 | €71,155 | €71,155 | €71,155 | €51,277 | ▼ 27.9% |
| Amounts payable17/49 | €992,447 | €277,561 | €428,561 | €689,136 | €469,507 | ▼ 31.9% |
| Amounts payable after more than one year17 | €290,134 | €93,703 | €44,873 | €65,210 | €10,000 | ▼ 84.7% |
| Financial debts170/4 | €237,624 | €93,703 | €44,873 | €65,210 | €10,000 | ▼ 84.7% |
| Other amounts payable178/9 | €52,510 | - | - | - | - | - |
| Amounts payable within one year42/48 | €700,976 | €183,858 | €377,781 | €616,296 | €457,765 | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | €97,450 | €61,722 | €48,829 | €39,663 | €5,210 | ▼ 86.9% |
| Financial debts43 | €3,943 | €108 | €0 | - | - | - |
| Credit institutions430/8 | €3,943 | €108 | €0 | - | - | - |
| Trade debts44 | €26,414 | €8,748 | €161,564 | €66,405 | €131,948 | ▲ 98.7% |
| Suppliers440/4 | €26,414 | €8,748 | €161,564 | €66,405 | €131,948 | ▲ 98.7% |
| Taxes, remuneration and social security45 | €32,201 | €39,005 | €42,594 | €28,607 | €35,803 | ▲ 25.2% |
| Taxes450/3 | €32,201 | €39,005 | €42,594 | €28,607 | €35,803 | ▲ 25.2% |
| Other amounts payable47/48 | €540,968 | €74,276 | €124,794 | €481,621 | €284,804 | ▼ 40.9% |
| Accrued charges and deferred income492/3 | €1,337 | - | €5,907 | €7,629 | €1,742 | ▼ 77.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,641 | €552,843 | -€50,212 | -€262,222 | €389,866 | ▲ 249% |
| + Depreciation and write-downs630 | €10,896 | €1,185 | €1,235 | €949 | €949 | = |
| Operating cash flow (approximation) | €54,537 | €554,029 | -€48,977 | -€261,274 | €390,815 | ▲ 250% |
| Investment in fixed assets (approximation) | - | €238,061 | €276,286 | -€300,000 | €50,000 | ▲ 117% |
| Change in cash | - | €974 | -€977 | €640 | €15,059 | ▲ 2,254% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-01
State Gazette act
General meeting · Capital increase
Share issue · Statutes amendment
2025
30-09
Financial
Back to profitnet €389,866
Net result €389,866 after 2 loss-making years.
30-09
Financial
Equity above €1mEq €1.1m ▲44.3%
Equity rises from €768,001 to €1.1m.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 223 days late
30-09
Financial
Weakest financial yearnet -€262,222
Net result drops to -€262,222, the lowest in the series; recovery starts the following year.
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
30-09
Financial
Highest result since 2018net €552,843 ▲1,167%
Operating result €251,714, net result €552,843, both a record.
30-09
Financial
Liquidity times 11current ratio 1.10
Current ratio from 0.10 to 1.10; short-term debt falls from €700,976 to €183,858.
30-09
Financial
Equity above €1mEq €1.3m ▲73.3%
5 profitable years in a row build equity to €1.3m.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Show earlier events
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
21-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2015
24-07
State Gazette act
General meeting · Statutes amendment
Capital increase · Share issue
Financial milestoneState Gazette actNBB 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, Erpe-Mere · 1 establishment unit since 1999
Ground area
1,915 m²
Building footprint
968 m²
Volume, LiDAR
9 m³
Parcel 41016D0935/00H000, Flanders · tallest building 2.0 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ITINERA
since 19992.309.203.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0935/00H000 | Flanders | 1,915 m² | 1 · 968 m² | 2.0 m |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
28.41%
-
16.37%
According to the annual accounts to 30-09-2025 of ITINERA and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 8,020 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
Founded22-12-1999
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468568297
Registered
29-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.