ITmore
ActiveThe annual accounts of ITmore for fiscal year 2024 show a net loss of 85% of total assets and of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €24k and a net result of €-50k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 20786 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency66▼-19
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.6 against 1.49 in 2023; short-term debt: 59% and cash: 33.3% of total assets), and 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
41%
Return on assets
-84.9%
Age of the figures
21 mo
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 23-07-2025, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
110 d late
2022
22 d late
2021
30 d late
2020
46 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▼ 67.4%
2023 · €74k
2020: €30k
2021: €31k
2022: €40k
2023: €74k
2020 → 2024
Total assets
€59k▼ 52.2%
2023 · €122k
2020: €78k
2021: €59k
2022: €81k
2023: €122k
2020 → 2024
Net result
€-50k
2023 · €34k
2020: €20k
2021: €828
2022: €9k
2023: €34k
2020 → 2024
Working capital
€-14k
2023 · €24k
2020: €16k
2021: €18k
2022: €11k
2023: €24k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€31k▲ 2.8%€40k▲ 29.7%€74k▲ 84.8%€24k▼ 67.4%
Operating result€29k-€621▼ 97.9%€13k▲ 2,032%€44k▲ 235%€-48k
Net result€20k-€828▼ 95.8%€9k▲ 1,003%€34k▲ 270%€-50k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48k after €44k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€38k▼ 24.2%
Current assets
€21k▼ 71.4%
Equity and liabilities €59k
Equity
€24k▼ 67.4%
Debt
€35k▼ 29.1%
The debt ratio rises from 39.8% to 59.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-35k▼
2023 · €57k
Cash flow
€-37k▼
2023 · €46k
Solvency
41.0%▼
2023 · 60.2%
Current ratio
0.60▼
2023 · 1.49
Quick ratio
0.60▼
2023 · 1.49
Debt / equity
1.44▲
2023 · 0.66
ROE
-207.0%▼
2023 · 45.9%
ROA
-84.9%▼
2023 · 27.6%
Interest coverage
-67.08▼
2023 · 83.48
Debt
€35k▼
2023 · €49k
Debt ≤ 1 year
€35k▼
2023 · €49k
Income taxes
€667▼
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€122k€59k▼
Fixed assets21/28€50k€38k▼
Tangible fixed assets22/27€50k€38k▼
Land and buildings22€41k€36k▼
Furniture and vehicles24€9k€1k▼
Current assets29/58€73k€21k▼
Amounts receivable within one year40/41€30k€575▼
Trade receivables40€25k€0▼
Other amounts receivable41€5k€575▼
Cash at bank and in hand54/58€42k€20k▼
Deferred charges and accrued income490/1€664€695▲
Equity and liabilities
Total equity and liabilities10/49€122k€59k▼
Equity10/15€74k€24k▼
Contributions10/11€10k€10k=
Reserves13€64k€14k▼
Distributable reserves133€64k€14k▼
Amounts payable17/49€49k€35k▼
Amounts payable within one year42/48€49k€35k▼
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€13k€12k▼
Suppliers440/4€13k€12k▼
Taxes, remuneration and social security45€13k€9k▼
Taxes450/3€11k€6k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€20k€13k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€818€1k▲
Gross operating margin9900€57k€-34k▼
Operating profit (loss)9901€44k€-48k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€678€527▼
Recurring financial charges65€678€527▼
Profit (loss) for the period before taxes9903€44k€-49k▼
Income taxes67/77€10k€667▼
Profit (loss) for the period9904€34k€-50k▼
Profit (loss) for the period to be appropriated9905€34k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€-50k▼
Transfer from equity791/2-€50k
Transfer to equity691/2€34k-
To other reserves6921€34k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-50k ▼247%
Net result drops to €-50k, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
31-12
Financial
Highest result since 2020net €34k ▲270%
Operating result €44k, net result €34k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mortsel · 1 establishment unit since 2019
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.
Hof van Riethlaan 532640 MortselGround area
265 m²
Building footprint
98 m²
Volume, LiDAR
511 m³
Parcel 11513C0142/00R000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ITmore
since 20192.289.827.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0142/00R000 | Flanders | 265 m² | 1 · 98 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
CURAGO
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beIT
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Robust IT
BE 0772.982.409
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Monads
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Schoten · Eq €24k
Human Learning
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,390. 13,680 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-06-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.