ITnARCH
ActiveSummary
ITnARCH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23,721 and a net result of -€8,506. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-22
Solvency81▲+22
Growth72=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 1.58 in 2023; short-term debt: 22% and cash: 34.6% of total assets), and 44.1% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.9%
Return on assets
-20%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€8,506
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
29 d late
2022
3 d late
2021
17 d early
2020
9 d early
2019
17 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€137,407▲ 28.5%
2019 · €106,969
EBIT margin
15.9%▲ 23.5pp
2019 · -7.6%
Net result
-€8,506▼ 37.9%
2023 · -€6,170
Working capital
€19,441▼ 30.1%
2023 · €27,824
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€137,407▲ 28.5%
Operating result€21,850€14,935▼ 31.6%€20,557▲ 37.6%-€5,683-€7,524▼ 32.4%
Net result€15,469within the sector's middle half€8,756within the sector's middle half▼ 43.4%€13,614within the sector's middle half▲ 55.5%-€6,170below the sector's middle half-€8,506below the sector's middle half▼ 37.9%
EBIT margin15.9%▲ 23.5pp
Equity€64,231within the sector's middle half▲ 4.0%€58,637within the sector's middle half▼ 8.7%€72,251within the sector's middle half▲ 23.2%€32,226within the sector's middle half▼ 55.4%€23,721within the sector's middle half▼ 26.4%
Total assets€187,790within the sector's middle half▲ 9.2%€170,628within the sector's middle half▼ 9.1%€139,428within the sector's middle half▼ 18.3%€94,803within the sector's middle half▼ 32.0%€42,460below the sector's middle half▼ 55.2%
Debt€123,559▲ 12.1%€111,991▼ 9.4%€67,176▼ 40.0%€62,577▼ 6.8%€18,739▼ 70.1%
Working capital€56,975within the sector's middle half▲ 10.6%€51,651within the sector's middle half▼ 9.3%€67,349within the sector's middle half▲ 30.4%€27,824within the sector's middle half▼ 58.7%€19,441within the sector's middle half▼ 30.1%
Solvency34.2%within the sector's middle half▼ 1.7pp34.4%within the sector's middle half▲ 0.2pp51.8%within the sector's middle half▲ 17.5pp34.0%within the sector's middle half▼ 17.8pp55.9%within the sector's middle half▲ 21.9pp
Current ratio1.73within the sector's middle half▼ 0.151.65within the sector's middle half▼ 0.082.60within the sector's middle half▲ 0.941.58within the sector's middle half▼ 1.013.08within the sector's middle half▲ 1.50
Return on assets (ROA)8.2%within the sector's middle half▲ 14.5pp5.1%within the sector's middle half▼ 3.1pp9.8%within the sector's middle half▲ 4.6pp-6.5%below the sector's middle half▼ 16.3pp-20.0%below the sector's middle half▼ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,524 in 2024 against €5,683 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42,460
Fixed assets
€13,683 ▼ 29.5%
Current assets
€28,777 ▼ 61.8%
Equity and liabilities €42,460
Equity
€23,721 ▼ 26.4%
Debt
€18,739 ▼ 70.1%
Debt's share of the balance-sheet total falls from 66.0% to 44.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,805▼
2023 · €2,896
Cash flow
-€2,786▼
2023 · €2,409
Debt to equity
0.79▼
2023 · 1.94
ROE
-35.9%▼
2023 · -19.1%
Interest coverage
-1.85▼
2023 · 1.40
Debt ≤ 1 year
€9,336▼
2023 · €47,578
Debt > 1 year
€8,333▼
2023 · €14,999
Income taxes
€6▼
2023 · €248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 4,815 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €137,407 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,287 | €14,633 | €11,788 | €8,579 | €5,720 | ▼ 33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,447 | -€4,297 | - | - |
| Other operating charges640/8 | - | - | €9,423 | €13,291 | €1,761 | ▼ 86.7% |
| Gross operating margin9900 | €39,775 | €31,354 | €51,215 | €11,889 | -€43 | ▼ 100% |
| Operating profit (loss)9901 | €21,850 | €14,935 | €20,557 | -€5,683 | -€7,524 | ▼ 32.4% |
| Financial income75/76B | - | - | €1,871 | €1,823 | €2 | ▼ 99.9% |
| Recurring financial income75 | €40 | €83 | €1,871 | €1,823 | €2 | ▼ 99.9% |
| Financial charges65/66B | - | - | €1,819 | €2,062 | €977 | ▼ 52.6% |
| Recurring financial charges65 | €2,942 | €2,266 | €1,819 | €2,062 | €977 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | €18,948 | €12,752 | €20,609 | -€5,922 | -€8,500 | ▼ 43.5% |
| Income taxes67/77 | €3,479 | €3,996 | €6,994 | €248 | €6 | ▼ 97.5% |
| Profit (loss) for the period9904 | €15,469 | €8,756 | €13,614 | -€6,170 | -€8,506 | ▼ 37.9% |
| Profit (loss) for the period to be appropriated9905 | €15,469 | €8,756 | €13,614 | -€6,170 | -€8,506 | ▼ 37.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,790 | €170,628 | €139,428 | €94,803 | €42,460 | ▼ 55.2% |
| Fixed assets21/28 | €52,725 | €39,740 | €29,901 | €19,402 | €13,683 | ▼ 29.5% |
| Intangible fixed assets21 | €5,321 | €2,880 | €1,920 | €0 | €0 | - |
| Tangible fixed assets22/27 | €47,404 | €36,860 | €27,981 | €19,402 | €13,683 | ▼ 29.5% |
| Land and buildings22 | - | - | €25,139 | €17,639 | €12,639 | ▼ 28.3% |
| Furniture and vehicles24 | - | - | €2,842 | €1,763 | €1,043 | ▼ 40.8% |
| Current assets29/58 | €135,065 | €130,888 | €109,526 | €75,401 | €28,777 | ▼ 61.8% |
| Amounts receivable within one year40/41 | €115,570 | €108,415 | €67,575 | €53,704 | €5,052 | ▼ 90.6% |
| Trade receivables40 | - | - | €66,006 | €18,586 | €1,082 | ▼ 94.2% |
| Other amounts receivable41 | - | - | €1,569 | €35,119 | €3,971 | ▼ 88.7% |
| Cash at bank and in hand54/58 | €15,213 | €18,756 | €37,051 | €10,089 | €14,677 | ▲ 45.5% |
| Deferred charges and accrued income490/1 | - | - | €4,900 | €11,608 | €9,048 | ▼ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,790 | €170,628 | €139,428 | €94,803 | €42,460 | ▼ 55.2% |
| Equity10/15 | €64,231 | €58,637 | €72,251 | €32,226 | €23,721 | ▼ 26.4% |
| Contributions10/11 | €0 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €41,310 | €35,715 | €49,315 | €15,460 | €13,600 | ▼ 12.0% |
| Non-distributable reserves130/1 | - | - | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €47,455 | €15,460 | €13,600 | ▼ 12.0% |
| Profit (loss) carried forward14 | €10,521 | €10,522 | €10,536 | €4,366 | -€2,279 | ▼ 152% |
| Amounts payable17/49 | €123,559 | €111,991 | €67,176 | €62,577 | €18,739 | ▼ 70.1% |
| Amounts payable after more than one year17 | €45,468 | €32,662 | €24,999 | €14,999 | €8,333 | ▼ 44.4% |
| Financial debts170/4 | - | - | €24,999 | €14,999 | €8,333 | ▼ 44.4% |
| Amounts payable within one year42/48 | €78,091 | €79,237 | €42,177 | €47,578 | €9,336 | ▼ 80.4% |
| Current portion of amounts payable after more than one year42 | - | - | €7,662 | €6,667 | €6,667 | = |
| Financial debts43 | - | - | €25 | €0 | €23 | - |
| Credit institutions430/8 | - | - | €25 | €0 | €23 | - |
| Trade debts44 | €10,941 | €17,218 | €11,652 | €1,750 | €606 | ▼ 65.4% |
| Suppliers440/4 | - | - | €11,652 | €1,750 | €606 | ▼ 65.4% |
| Taxes, remuneration and social security45 | - | - | €19,050 | €5,066 | €1,800 | ▼ 64.5% |
| Taxes450/3 | - | - | €19,050 | €5,066 | €1,800 | ▼ 64.5% |
| Remuneration and social security454/9 | - | - | €0 | €0 | - | - |
| Other amounts payable47/48 | - | - | €3,787 | €34,095 | €240 | ▼ 99.3% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | €1,070 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,469 | €8,756 | €13,614 | -€6,170 | -€8,506 | ▼ 37.9% |
| + Depreciation and write-downs630 | €16,287 | €14,633 | €11,788 | €8,579 | €5,720 | ▼ 33.3% |
| Operating cash flow (approximation) | €31,757 | €23,389 | €25,403 | €2,409 | -€2,786 | ▼ 216% |
| Investment in fixed assets (approximation) | - | -€1,648 | -€1,950 | €1,920 | €0 | ▼ 100% |
| Change in cash | - | €3,542 | €18,296 | -€26,962 | €4,587 | ▲ 117% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €15,469
Net result €15,469 after one loss-making year.
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waremme · 1 establishment unit since 2010
Ground area
384 m²
Building footprint
103 m²
Volume, LiDAR
933 m³
Parcel 64074C0761/00M003, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bureau d'Architecture DIRICK
since 20102.194.683.594
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0761/00M003 | Wallonia | 384 m² | 1 · 103 m² | 11.0 m · 3 fl. |
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.
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 4,686 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
Founded21-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832078074
Also
9925:BE0832078074
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.