ITKAN
ActiveSummary
The computed 12-month bankruptcy probability of ITKAN is 1.7% (moderate). The 2025 annual accounts show equity of €51k and a net result of €-2k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 7500 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-56
Solvency86▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.18 in 2024; short-term debt: 38.5% and cash: 5.1% of total assets), and 38.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
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 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
-2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
31 d late
2023
23 d late
2022
30 d late
2021
31 d late
2020
24 d late
2018
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€51k▼ 4.5%
2024 · €53k
Total assets
€82k▼ 15.6%
2024 · €98k
Net result
€-2k
2024 · €19k
Working capital
€50k▼ 4.6%
2024 · €52k
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€-15k▼ 733%€22k€370▼ 98.3%€24k▲ 6,344%€746▼ 96.9%
Net result€-16k▼ 578%€21k€-86€19k€-2k
Equity€13k▼ 54.1%€34k▲ 158%€34k▼ 0.3%€53k▲ 55.3%€51k▼ 4.5%
Total assets€51k=€51k▲ 0.6%€42k▼ 18.3%€98k▲ 132%€82k▼ 15.6%
Debt€38k▲ 70.2%€17k▼ 54.7%€8k▼ 54.3%€45k▲ 468%€32k▼ 28.8%
Working capital€13k▼ 55.2%€34k▲ 165%€34k▼ 0.1%€52k▲ 56.1%€50k▼ 4.6%
Staff (FTE)2.21▼ 54.5%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€500 =
Current assets
€82k ▼ 15.7%
Equity and liabilities €82k
Equity
€51k ▼ 4.5%
Debt
€32k ▼ 28.8%
Debt's share of the balance-sheet total falls from 45.7% to 38.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.58▲
2024 · 2.18
Debt to equity
0.63▼
2024 · 0.84
ROE
-4.7%▼
2024 · 35.6%
ROA
-2.9%▼
2024 · 19.3%
Debt ≤ 1 year
€32k▼
2024 · €45k
Income taxes
€264▼
2024 · €5k
Staff costs
€30k▲
2024 · €21k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €83k | €44k | €20k | €21k | €30k | ▲ 43.6% |
| Other operating charges640/8 | €877 | €341 | €1k | €584 | €430 | ▼ 26.4% |
| Gross operating margin9900 | €68k | €67k | €21k | €45k | €31k | ▼ 31.2% |
| Operating profit (loss)9901 | €-15k | €22k | €370 | €24k | €746 | ▼ 96.9% |
| Financial income75/76B | €7 | - | €0 | - | €6 | - |
| Recurring financial income75 | €7 | - | €0 | - | €6 | - |
| Financial charges65/66B | €178 | €258 | €245 | €232 | €3k | ▲ 1,142% |
| Recurring financial charges65 | €178 | €258 | €245 | €232 | €3k | ▲ 1,122% |
| Non-recurring financial charges66B | - | - | - | - | €48 | - |
| Profit (loss) for the period before taxes9903 | €-16k | €22k | €126 | €24k | €-2k | ▼ 109% |
| Income taxes67/77 | - | €1k | €212 | €5k | €264 | ▼ 94.5% |
| Profit (loss) for the period9904 | €-16k | €21k | €-86 | €19k | €-2k | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €21k | €-86 | €19k | €-2k | ▼ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €51k | €42k | €98k | €82k | ▼ 15.6% |
| Fixed assets21/28 | €556 | €556 | €500 | €500 | €500 | = |
| Financial fixed assets28 | €556 | €556 | €500 | €500 | €500 | = |
| Current assets29/58 | €51k | €51k | €41k | €97k | €82k | ▼ 15.7% |
| Stocks and contracts in progress3 | €7k | - | - | - | - | - |
| Stocks30/36 | €7k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €31k | €34k | €26k | €66k | €77k | ▲ 16.5% |
| Trade receivables40 | €12k | €16k | €6k | €45k | €50k | ▲ 10.9% |
| Other amounts receivable41 | €19k | €18k | €20k | €21k | €28k | ▲ 28.2% |
| Cash at bank and in hand54/58 | €13k | €17k | €16k | €30k | €4k | ▼ 86.2% |
| Deferred charges and accrued income490/1 | - | - | - | €561 | €575 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €51k | €42k | €98k | €82k | ▼ 15.6% |
| Equity10/15 | €13k | €34k | €34k | €53k | €51k | ▼ 4.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-7k | €14k | €14k | €33k | €30k | ▼ 7.3% |
| Amounts payable17/49 | €38k | €17k | €8k | €45k | €32k | ▼ 28.8% |
| Amounts payable within one year42/48 | €38k | €17k | €8k | €45k | €32k | ▼ 28.8% |
| Trade debts44 | €7k | €13k | €4k | €7k | €26k | ▲ 257% |
| Suppliers440/4 | €7k | €13k | €4k | €7k | €26k | ▲ 257% |
| Advances received on contracts in progress46 | €6k | - | - | €34k | - | - |
| Taxes, remuneration and social security45 | €25k | €4k | €4k | €3k | €6k | ▲ 91.2% |
| Taxes450/3 | - | €1k | - | €3k | €3k | ▼ 9.0% |
| Remuneration and social security454/9 | €25k | €3k | €4k | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €21k | €-86 | €19k | €-2k | ▼ 113% |
| Operating cash flow (approximation) | €-16k | €21k | €-86 | €19k | €-2k | ▼ 113% |
| Investment in fixed assets (approximation) | - | €0 | €56 | €0 | €0 | - |
| Change in cash | - | €4k | €-840 | €14k | €-26k | ▼ 281% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.96
Current ratio from 1.34 to 2.96; short-term debt falls from €38k to €17k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 32 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2013
Ground area
328 m²
Building footprint
139 m²
Volume, LiDAR
1,197 m³
2 parcels, Brussels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Pamelstraat 258, 9400 Ninove
since 20132.221.670.776
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0203/00A002 | Flanders | 208 m² | 1 · 72 m² | 10.2 m · 2 fl. |
| 21523B0779/00R002 | Brussels | 120 m² | 1 · 66 m² | 14.9 m · 4 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,069 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
Founded16-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.