ITINITY
InactiveOverview
Activity
Activity not known
Size
€79,575total assets 2022
- Staff
- 1 FTE
- Equity
- €73,292
- Loss
- -€6,461
Turnover not published (abbreviated or micro format)
Financial health
Inactive: no score
Structure
- Largest shareholder
- Eksel Domus · 21%
1 of 6 deeds summarised
Signalsraises riskTwo or more financial years not filed2022 accounts filed 30 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 year end31-07-2024 deadline26-10-2026 today
raises risk · 2022 accounts filed 30 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
30 days late
2021
32 days late
2020
15 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationResignations: EKSEL DOMUS (director) and…
- Annual accounts filedfinancial year 2022 · micro…
- Liquidity more than 6 timescurrent ratio 12.03
Financials · financial year 2022, micro format
2022 annual accounts filed late (30 days) Filed on 30 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00424998.
Equity
€73,292▼ 8.1%
2021 · €79,753
Total assets
€79,575▼ 51.3%
2021 · €163,358
Net result
-€6,461▲ 19.8%
2021 · -€8,054
Working capital
€69,280▼ 8.5%
2021 · €75,741
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €3,564 in 2022 against €6,207 in 2021; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€3,564
2022
Net result-€6,461
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€79,575
2022
Equity€73,292
2022
Debt€6,282
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€69,280
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€16,692-€112,592€117,494▲ 4.4%-€6,207-€3,564▲ 42.6%
Net result-€21,795-€103,252€83,523▼ 19.1%-€8,054-€6,461▲ 19.8%
Equity€61,032-€84,284▲ 38.1%€87,807▲ 4.2%€79,753▼ 9.2%€73,292▼ 8.1%
Total assets€249,581-€260,472▲ 4.4%€277,090▲ 6.4%€163,358▼ 41.0%€79,575▼ 51.3%
Debt€188,549-€176,188▼ 6.6%€189,283▲ 7.4%€83,605▼ 55.8%€6,282▼ 92.5%
Working capital€56,751-€79,250▲ 39.6%€83,029▲ 4.8%€75,741▼ 8.8%€69,280▼ 8.5%
Staff (FTE)2-2=2=1.3▼ 35.0%1▼ 23.1%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €79,575
Fixed assets
€4,012 =
Current assets
€75,563 ▼ 52.6%
Equity and liabilities €79,575
Equity
€73,292 ▼ 8.1%
Debt
€6,282 ▼ 92.5%
Debt's share of the balance-sheet total falls from 51.2% to 7.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
12.03▲
2021 · 1.91
Debt to equity
0.09▼
2021 · 1.05
ROE
-8.8%▲
2021 · -10.1%
ROA
-8.1%▼
2021 · -4.9%
Debt ≤ 1 year
€6,282▼
2021 · €83,605
Income taxes
€187▲
2021 · €153
Staff costs
€19,808▼
2021 · €100,785
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €100,785 | €19,808 | ▼ 80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,299 | €524 | €255 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €555 | €450 | ▼ 19.1% |
| Non-recurring operating charges66A | - | - | - | €766 | €0 | ▼ 100% |
| Gross operating margin9900 | €135,477 | €278,833 | €281,945 | €95,899 | €16,694 | ▼ 82.6% |
| Operating profit (loss)9901 | -€16,692 | €112,592 | €117,494 | -€6,207 | -€3,564 | ▲ 42.6% |
| Financial income75/76B | - | - | - | €838 | €258 | ▼ 69.2% |
| Recurring financial income75 | €1,331 | €323 | €328 | €838 | €258 | ▼ 69.2% |
| Financial charges65/66B | - | - | - | €2,532 | €2,967 | ▲ 17.2% |
| Recurring financial charges65 | €6,085 | €6,126 | €1,801 | €2,532 | €2,967 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | -€21,445 | €103,600 | €116,021 | -€7,901 | -€6,273 | ▲ 20.6% |
| Income taxes67/77 | €349 | €348 | €32,498 | €153 | €187 | ▲ 22.2% |
| Profit (loss) for the period9904 | -€21,795 | €103,252 | €83,523 | -€8,054 | -€6,461 | ▲ 19.8% |
| Profit (loss) for the period to be appropriated9905 | -€21,795 | €103,252 | €83,523 | -€8,054 | -€6,461 | ▲ 19.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €249,581 | €260,472 | €277,090 | €163,358 | €79,575 | ▼ 51.3% |
| Fixed assets21/28 | €4,280 | €5,034 | €4,778 | €4,012 | €4,012 | = |
| Tangible fixed assets22/27 | €268 | €1,022 | €766 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €4,012 | €4,012 | €4,012 | €4,012 | €4,012 | = |
| Current assets29/58 | €245,300 | €255,439 | €272,312 | €159,346 | €75,563 | ▼ 52.6% |
| Amounts receivable within one year40/41 | €205,828 | €119,584 | €152,970 | €91,735 | €5,130 | ▼ 94.4% |
| Trade receivables40 | - | - | - | €60,700 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €31,035 | €5,130 | ▼ 83.5% |
| Cash at bank and in hand54/58 | €37,970 | €133,207 | €113,272 | €62,974 | €70,433 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,636 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €249,581 | €260,472 | €277,090 | €163,358 | €79,575 | ▼ 51.3% |
| Equity10/15 | €61,032 | €84,284 | €87,807 | €79,753 | €73,292 | ▼ 8.1% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | = |
| Reserves13 | €32,826 | €32,826 | €32,826 | €32,826 | €32,826 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | - | €27,826 | €27,826 | = |
| Profit (loss) carried forward14 | -€21,795 | €1,457 | €4,980 | -€3,074 | -€9,534 | ▼ 210% |
| Amounts payable17/49 | €188,549 | €176,188 | €189,283 | €83,605 | €6,282 | ▼ 92.5% |
| Amounts payable within one year42/48 | €188,549 | €176,188 | €189,283 | €83,605 | €6,282 | ▼ 92.5% |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €99,274 | €57,965 | €58,867 | €72,582 | €6,253 | ▼ 91.4% |
| Suppliers440/4 | - | - | - | €72,582 | €6,253 | ▼ 91.4% |
| Taxes, remuneration and social security45 | - | - | - | €11,023 | €29 | ▼ 99.7% |
| Taxes450/3 | - | - | - | €7,500 | €29 | ▼ 99.6% |
| Remuneration and social security454/9 | - | - | - | €3,523 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,795 | €103,252 | €83,523 | -€8,054 | -€6,461 | ▲ 19.8% |
| + Depreciation and write-downs630 | €1,299 | €524 | €255 | €0 | - | - |
| Operating cash flow (approximation) | -€20,495 | €103,776 | €83,778 | -€8,054 | -€6,461 | ▲ 19.8% |
| Investment in fixed assets (approximation) | - | -€1,277 | €0 | €766 | €0 | ▼ 100% |
| Change in cash | - | €95,237 | -€19,935 | -€50,298 | €7,459 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 30-08-2023 | 2023-00424998 |
| 31-12-2021 | micro format | 01-09-2022 | 2022-20426378 |
| 31-12-2020 | abbreviated format | 16-07-2021 | 2021-36800552 |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-37100596 |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-43200007 |
| 31-12-2017 | abbreviated format | 17-10-2018 | 2018-69400597 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57100456 |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-52300220 |
| 31-12-2014 | abbreviated format | 25-08-2015 | 2015-52900361 |
| 31-12-2013 | abbreviated format | 22-07-2014 | 2014-34000353 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2024
No directors read yet: 1 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EKSEL DOMUS |
|
| VDDC |
|
Owners and capital
Owners
2 ownersOwners 2
-
21%
- Sourceaccounts VDDC 202413%
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.
Group and network
Connections & network
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This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
2024
23-02
Gazette deed
End & cessationResignations: EKSEL DOMUS (director) and VDDC (director) · Permanent representatives: LESKE Michael and VANDENDORPE Wim · Dissolution12 facts ▸
Gazette deed
End & cessation
Resignations: EKSEL DOMUS (director) and VDDC (director) · Permanent representatives: LESKE Michael and VANDENDORPE Wim · Dissolution12 facts ▸
- General meeting, 28-12-2023
- Dissolution, “vervroegde ontbinding en invereffeningstelling”, 28-12-2023 (deed in Dutch)
- Liquidation closure, “onmiddellijk in dezelfde akte, artikel 2:80 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Director resignation, EKSEL DOMUS (director)
- Director resignation, VDDC (director)
- Permanent representative, LESKE Michael
- Permanent representative, VANDENDORPE Wim
- Liquidation distribution, “van rechtswege onverdeelde eigenaars,elk voor hun deel,van alle actieve vermogensbestanddelen,ook indien op ogenblik sluiting niet gekend, Aandeelhouders” (deed in Dutch)
- Custody of records, “boeken en bescheiden, 9870 Zulte,Wilgenlaan 23” (deed in Dutch)
- Other provision, “consignatie gelden en/of waarden voor eventuele schuldeisers, hoger genomen besluiten en conclusies verslag bedrijfsrevisor overeenkomstig artikel 2:71,§2,derde…” (deed in Dutch)
- Power of attorney, EKSEL DOMUS
- Power of attorney, VDDC
2023
30-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 30 days late
2022
31-12
Financial
Liquidity more than 6 timescurrent ratio 12.03
Current ratio from 1.91 to 12.03; short-term debt falls from €83,605 to €6,282.
01-09
NBB filing
Annual accounts filed
financial year 2021 · micro format · 32 days late
2021
16-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
30-07
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial
Back to profitnet €103,252
Net result €103,252 after one loss-making year.
30-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
17-10
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 78 days late
2017
31-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 31 days late
2016
29-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 29 days late
2015
25-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 25 days late
2014
22-07
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
1 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 23-02-2024
Read from the deeds: 1 provision, deed of 23-02-2024