ITM-TERA
ActiveSummary
ITM-TERA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,766 and a net result of €10,176. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 1631 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+9
Solvency100▲+1
Growth62=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.05 in 2023; short-term debt: 14% and cash: 10% of total assets), and 14% of the assets are financed with debt.
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Signals
Three 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
32 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€77,120▲ 14.3%
2018 · €67,495
EBIT margin
28.2%▲ 8.4pp
2018 · 19.8%
Net result
€10,176▲ 103%
2023 · €5,024
Working capital
€17,177▼ 0.9%
2023 · €17,342
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line20202021202220232024
Turnover
Operating result€18,216▼ 16.3%-€3,379€5,695€6,878▲ 20.8%€14,869▲ 116%
Net result€12,964within the sector's middle half▼ 22.8%-€3,697below the sector's middle half€4,852within the sector's middle half€5,024within the sector's middle half▲ 3.6%€10,176within the sector's middle half▲ 103%
EBIT margin
Equity€39,911within the sector's middle half▲ 48.1%€36,214within the sector's middle half▼ 9.3%€41,066within the sector's middle half▲ 13.4%€47,590within the sector's middle half▲ 15.9%€57,766within the sector's middle half▲ 21.4%
Total assets€74,656within the sector's middle half▲ 48.9%€56,517below the sector's middle half▼ 24.3%€59,829below the sector's middle half▲ 5.9%€64,147within the sector's middle half▲ 7.2%€67,200within the sector's middle half▲ 4.8%
Debt€34,745▲ 49.9%€20,303▼ 41.6%€18,763▼ 7.6%€16,557▼ 11.8%€9,434▼ 43.0%
Working capital€2,654▼ 72.4%€6,948▲ 162%€9,482▲ 36.5%€17,342▲ 82.9%€17,177▼ 0.9%
Solvency53.5%within the sector's middle half▼ 0.3pp64.1%within the sector's middle half▲ 10.6pp68.6%above the sector's middle half▲ 4.6pp74.2%above the sector's middle half▲ 5.6pp86.0%above the sector's middle half▲ 11.8pp
Staff (FTE)1within the sector's middle half=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 116% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,200
Fixed assets
€40,589 ▲ 34.2%
Current assets
€26,611 ▼ 21.5%
Equity and liabilities €67,200
Equity
€57,766 ▲ 21.4%
Debt
€9,434 ▼ 43.0%
Debt's share of the balance-sheet total falls from 25.8% to 14.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,910▲
2023 · €15,441
Cash flow
€22,218▲
2023 · €13,587
Current ratio
2.82▲
2023 · 2.05
Debt to equity
0.16▼
2023 · 0.35
ROE
17.6%▲
2023 · 10.6%
ROA
15.1%▲
2023 · 7.8%
Interest coverage
90.25▲
2023 · 75.19
Debt ≤ 1 year
€9,434▼
2023 · €16,557
Income taxes
€4,394▲
2023 · €1,648
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 34,672 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €32,327 | €32,574 | €35,173 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,831 | €8,797 | €10,254 | €8,563 | €12,042 | ▲ 40.6% |
| Other operating charges640/8 | - | €1,878 | €2,058 | €2,764 | €2,667 | ▼ 3.5% |
| Gross operating margin9900 | €55,909 | €39,624 | €50,580 | €53,377 | €29,577 | ▼ 44.6% |
| Operating profit (loss)9901 | €18,216 | -€3,379 | €5,695 | €6,878 | €14,869 | ▲ 116% |
| Financial charges65/66B | - | €191 | €216 | €205 | €298 | ▲ 45.2% |
| Recurring financial charges65 | €443 | €191 | €216 | €205 | €298 | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €17,773 | -€3,569 | €5,479 | €6,673 | €14,571 | ▲ 118% |
| Income taxes67/77 | €4,809 | €127 | €627 | €1,648 | €4,394 | ▲ 167% |
| Profit (loss) for the period9904 | €12,964 | -€3,697 | €4,852 | €5,024 | €10,176 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €12,964 | -€3,697 | €4,852 | €5,024 | €10,176 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,656 | €56,517 | €59,829 | €64,147 | €67,200 | ▲ 4.8% |
| Fixed assets21/28 | €37,863 | €29,266 | €31,583 | €30,248 | €40,589 | ▲ 34.2% |
| Tangible fixed assets22/27 | €36,263 | €27,466 | €29,783 | €28,448 | €38,789 | ▲ 36.3% |
| Plant, machinery and equipment23 | - | €2,185 | €416 | - | - | - |
| Furniture and vehicles24 | - | €19,668 | €12,628 | €6,828 | €8,852 | ▲ 29.6% |
| Other tangible fixed assets26 | - | €5,613 | €16,739 | €21,620 | €29,936 | ▲ 38.5% |
| Financial fixed assets28 | €1,600 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €36,793 | €27,251 | €28,246 | €33,899 | €26,611 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €15,064 | €17,409 | €21,673 | €20,076 | €19,235 | ▼ 4.2% |
| Trade receivables40 | - | €17,409 | €21,673 | €20,076 | €19,235 | ▼ 4.2% |
| Cash at bank and in hand54/58 | €21,729 | €9,842 | €5,875 | €13,123 | €6,732 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | - | €699 | €700 | €644 | ▼ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,656 | €56,517 | €59,829 | €64,147 | €67,200 | ▲ 4.8% |
| Equity10/15 | €39,911 | €36,214 | €41,066 | €47,590 | €57,766 | ▲ 21.4% |
| Contributions10/11 | €17,100 | €17,100 | €17,100 | €18,600 | €18,600 | = |
| Capital10 | - | €17,100 | €17,100 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €1,500 | €1,500 | - | - | - |
| Reserves13 | €300 | €300 | €300 | €300 | €10,300 | ▲ 3,333% |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | €300 | = |
| Legal reserve130 | - | €300 | €300 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €300 | €300 | = |
| Distributable reserves133 | - | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | €22,511 | €18,814 | €23,666 | €28,690 | €28,866 | ▲ 0.6% |
| Amounts payable17/49 | €34,745 | €20,303 | €18,763 | €16,557 | €9,434 | ▼ 43.0% |
| Amounts payable within one year42/48 | €34,139 | €20,303 | €18,763 | €16,557 | €9,434 | ▼ 43.0% |
| Trade debts44 | €11,664 | €5,463 | €205 | €705 | €284 | ▼ 59.8% |
| Suppliers440/4 | - | €5,463 | €205 | €705 | €284 | ▼ 59.8% |
| Taxes, remuneration and social security45 | - | €7,759 | €7,235 | €5,206 | €8,814 | ▲ 69.3% |
| Taxes450/3 | - | €6,709 | €5,235 | €5,206 | €8,814 | ▲ 69.3% |
| Remuneration and social security454/9 | - | €1,050 | €2,000 | - | - | - |
| Other amounts payable47/48 | - | €7,081 | €11,323 | €10,645 | €336 | ▼ 96.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,964 | -€3,697 | €4,852 | €5,024 | €10,176 | ▲ 103% |
| + Depreciation and write-downs630 | €5,831 | €8,797 | €10,254 | €8,563 | €12,042 | ▲ 40.6% |
| Operating cash flow (approximation) | €18,796 | €5,100 | €15,106 | €13,587 | €22,218 | ▲ 63.5% |
| Investment in fixed assets (approximation) | - | -€200 | -€12,571 | -€7,228 | -€22,382 | ▼ 210% |
| Change in cash | - | -€11,887 | -€3,967 | €7,248 | -€6,391 | ▼ 188% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,852
Net result €4,852 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€3,697
Net result drops to -€3,697, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €16,804 ▲63%
Operating result €21,769, net result €16,804, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Heusden-Zolder · 1 establishment unit since 2012
Ground area
827 m²
Building footprint
194 m²
Parcel 71025A0267/00H014, Flanders. Linked by address, not a title deed.
1 establishment unit
ITM-Tera
since 20122.206.273.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A0267/00H014 | Flanders | 827 m² | 1 · 194 m² | - |
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.
Similar companies · same sector, comparable size
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SELTECH
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TDS Service
BE 1007.326.291
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,060 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
Founded23-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842996118
Also
9925:BE0842996118
Registered
30-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.