ITM Management
ActiveITM Management has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191k and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 3175 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+1
Solvency40▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 8.87 in 2024; short-term debt: 30.9% and cash: 40.3% of total assets), but 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
14.8%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3175 sector peers (2025).
NBB · sector comparisonPosition among 3175 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €191k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
15 d early
2023
64 d late
2022
9 d late
2021
107 d late
2020
90 d late
2019
66 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▲ 212%
2024 · €13k
2018: €-124k
2019: €-220k
2020: €3k
2021: €-267k
2022: €6k
2023: €659k
2024: €13k
2018 → 2025
Working capital
€894k▲ 141%
2024 · €371k
2018: €-134k
2019: €-321k
2020: €-289k
2021: €-616k
2022: €-615k
2023: €139k
2024: €371k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-528k-€-523k▲ 1.1%€137k€150k▲ 9.7%€191k▲ 27.6%
Operating result€-196k-€51k€668k▲ 1,214%€21k▼ 96.9%€100k▲ 387%
Net result€-267k-€6k€659k▲ 11,218%€13k▼ 98.0%€41k▲ 212%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 387% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.29M
Equity
€191k▲ 27.6%
Debt
€1.10M▲ 311%
The debt ratio rises from 64.1% to 85.2%. Equity and debt are higher.
Key figures and ratios
Solvency
14.8%▼
2024 · 35.9%
Current ratio
3.24▼
2024 · 8.87
Quick ratio
3.24▼
2024 · 8.87
Debt / equity
5.75▲
2024 · 1.79
ROE
21.6%▲
2024 · 8.8%
ROA
3.2%▲
2024 · 3.2%
Debt
€1.10M▲
2024 · €268k
Debt ≤ 1 year
€399k▲
2024 · €47k
Debt > 1 year
€686k▲
2024 · €221k
Income taxes
€37k▲
2024 · €3k
Staff costs
€1.37M▲
2024 · €263k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€418k€1.29M▲
Current assets29/58€418k€1.29M▲
Amounts receivable within one year40/41€321k€765k▲
Trade receivables40€320k€700k▲
Other amounts receivable41€759€65k▲
Cash at bank and in hand54/58€97k€520k▲
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€418k€1.29M▲
Equity10/15€150k€191k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€40k€81k▲
Amounts payable17/49€268k€1.10M▲
Amounts payable after more than one year17€221k€686k▲
Other amounts payable178/9€221k€686k▲
Amounts payable within one year42/48€47k€399k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€35k€152k▲
Suppliers440/4€35k€152k▲
Taxes, remuneration and social security45€12k€246k▲
Taxes450/3€3k-
Remuneration and social security454/9€8k€246k▲
Accrued charges and deferred income492/3-€17k
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€44k€594k▲
Remuneration, social security and pensions62€263k€1.37M▲
Non-recurring operating charges66A€-2k€3k▲
Gross operating margin9900€282k€1.47M▲
Operating profit (loss)9901€21k€100k▲
Financial charges65/66B€4k€21k▲
Recurring financial charges65€4k€21k▲
Profit (loss) for the period before taxes9903€17k€79k▲
Income taxes67/77€3k€37k▲
Profit (loss) for the period9904€13k€41k▲
Profit (loss) for the period to be appropriated9905€13k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€81k▲
Profit (loss) brought forward from the previous period14P€27k€40k▲
Social balance
Average headcount (FTE)90876.49.6▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €150kEq €191k ▲27.6%
4 profitable years in a row build equity to €191k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 8.87
Current ratio from 2.08 to 8.87; short-term debt falls from €128k to €47k.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
31-12
Financial
Highest result since 2018net €659k ▲11218%
Operating result €668k, net result €659k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.08
Current ratio from 0.59 to 2.08; short-term debt falls from €1.49M to €128k.
31-12
Financial
Equity above €100kEq €137k
2 profitable years in a row build equity to €137k.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 9 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 107 days late
2021
31-12
Financial
Weakest financial yearnet €-267k ▼8265%
Net result drops to €-267k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 150 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2025
Cédric DEGAVRE: Resigned as Director
01-10-2025
Phillipe DE BREUCK: Resigned as Director
30-11-2022
Alain Boulle: Resigned as Director
08-03-2021
CRISMAB S.A.: Resigned as Director
08-03-2021
Paméla MARTIN: Resigned as Director
08-03-2021
Samuel TARQUINIO: Resigned as Director
29-09-2017
Benjamin JOYEUX: Resigned as Director
29-09-2017
Maxime JOYEUX: Resigned as Director
29-09-2016
Anne BASTIN: Resigned as Director
29-09-2016
Martin STAELENS: Resigned as Director
29-09-2016
Mélanie STAELENS: Resigned as Director
02-02-2004
Michel BOHET: Resigned as Director
02-02-2004
Nicolas BOHET: Resigned as Director
02-02-2004
Stephanie BOHET: Resigned as Director
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Bosquet 41348 Ottignies-Louvain-la-NeuveGround area
1.1 ha
Building footprint
3,123 m²
Volume, LiDAR
12,042 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Intermarché-Crisnée
since 19952.064.530.083
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64413A0317/00S000 | Wallonia | 5,916 m² | 1 · 1,426 m² | - |
| 25384B0048/00V000 | Wallonia | 4,586 m² | 1 · 1,697 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-10-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.