ITOS
Dissolved and wound up on 31-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 12-03-2026 PDF all 24 filings
Equity
€105,584▼ 4.5%
2024 · €110,610
Total assets
€158,415▼ 14.6%
2024 · €185,581
Net result
-€5,027
2024 · €3,594
Working capital
€102,934▼ 11.3%
2024 · €116,013
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€4,785
2025
20182025
Net result
-€5,027
2025
20182025
Equity
€105,584
▼ 4.5%
2025
20182025
Total assets
€158,415
▼ 14.6%
2025
20182025
Debt
€52,831
▼ 29.5%
2025
20182025
Working capital
€102,934
▼ 11.3%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€901-€781▼ 13.2%€26,391▲ 34×€29,447▲ 11.6%€4,320▼ 85.3%€55,770▲ 13×€4,998▼ 91.0%-€4,785
Net result-€106-€188€16,828▲ 89×€20,109▲ 19.5%€1,794▼ 91.1%€35,861▲ 20×€3,594▼ 90.0%-€5,027
Equity€37,619-€37,808▲ 0.5%€54,635▲ 44.5%€71,794▲ 31.4%€72,788▲ 1.4%€107,849▲ 48.2%€110,610▲ 2.6%€105,584▼ 4.5%
Total assets€64,691-€50,865▼ 21.4%€131,564▲ 159%€157,792▲ 19.9%€125,561▼ 20.4%€187,795▲ 49.6%€185,581▼ 1.2%€158,415▼ 14.6%
Debt€27,072-€13,057▼ 51.8%€76,929▲ 489%€85,998▲ 11.8%€52,773▼ 38.6%€79,947▲ 51.5%€74,971▼ 6.2%€52,831▼ 29.5%
Working capital€25,933-€32,280▲ 24.5%€31,613▼ 2.1%€80,012▲ 153%€92,043▲ 15.0%€118,444▲ 28.7%€116,013▼ 2.1%€102,934▼ 11.3%
The operating result for 2025 is a loss of €4,785, after a profit of €4,998 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,415
Fixed assets
€2,650 ▼ 56.9%
Current assets
€155,765 ▼ 13.2%
Equity and liabilities €158,415
Equity
€105,584 ▼ 4.5%
Debt
€52,831 ▼ 29.5%
Debt's share of the balance-sheet total falls from 40.4% to 33.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,286▼
2024 · €6,726
Cash flow
-€1,527▼
2024 · €5,322
Current ratio
2.95▲
2024 · 2.83
Debt to equity
0.50▼
2024 · 0.68
ROE
-4.8%▼
2024 · 3.2%
ROA
-3.2%▼
2024 · 1.9%
Interest coverage
-3.39▼
2024 · 3.85
Debt ≤ 1 year
€52,831▼
2024 · €63,419
Income taxes
€57▼
2024 · €3,346
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,551 | €3,988 | €746 | €3,020 | - |
| Depreciation and write-downs of the year | €21,129 | €22,308 | €3,701 | €1,728 | €3,499 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €135 awarded · €135 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €2,072 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €1,908 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,612 | €6,158 | €24,383 | €21,129 | €22,308 | €3,701 | €1,728 | €3,499 | ▲ 103% |
| Other operating charges640/8 | - | - | - | €1,114 | €563 | €800 | €654 | €310 | ▼ 52.7% |
| Gross operating margin9900 | €10,059 | €7,634 | €55,725 | €51,690 | €27,190 | €60,271 | €9,289 | -€976 | - |
| Operating profit (loss)9901 | €901 | €781 | €26,391 | €29,447 | €4,320 | €55,770 | €4,998 | -€4,785 | - |
| Financial income75/76B | - | - | - | - | €477 | €1,161 | €3,691 | €194 | ▼ 94.7% |
| Recurring financial income75 | - | - | - | - | €477 | €1,161 | €3,691 | €194 | ▼ 94.7% |
| Financial charges65/66B | - | - | - | €1,447 | €1,289 | €651 | €1,749 | €379 | ▼ 78.3% |
| Recurring financial charges65 | €65 | €79 | €236 | €1,447 | €1,289 | €651 | €1,749 | €379 | ▼ 78.3% |
| Profit (loss) for the period before taxes9903 | €836 | €703 | €26,155 | €28,000 | €3,507 | €56,280 | €6,940 | -€4,970 | - |
| Income taxes67/77 | €942 | €514 | €9,328 | €7,891 | €1,713 | €20,419 | €3,346 | €57 | ▼ 98.3% |
| Profit (loss) for the period9904 | -€106 | €188 | €16,828 | €20,109 | €1,794 | €35,861 | €3,594 | -€5,027 | - |
| Profit (loss) for the period to be appropriated9905 | -€106 | €188 | €16,828 | €20,109 | €1,794 | €35,861 | €3,594 | -€5,027 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €64,691 | €50,865 | €131,564 | €157,792 | €125,561 | €187,795 | €185,581 | €158,415 | ▼ 14.6% |
| Fixed assets21/28 | €11,686 | €5,528 | €37,710 | €26,133 | €7,813 | €4,858 | €6,149 | €2,650 | ▼ 56.9% |
| Tangible fixed assets22/27 | €11,686 | €5,528 | €37,710 | €26,133 | €7,813 | €4,858 | €6,149 | €2,650 | ▼ 56.9% |
| Furniture and vehicles24 | - | - | - | €12,400 | €6,247 | €4,792 | €6,149 | €2,650 | ▼ 56.9% |
| Other tangible fixed assets26 | - | - | - | €13,732 | €1,566 | €66 | - | - | - |
| Current assets29/58 | €53,005 | €45,337 | €93,854 | €131,660 | €117,749 | €182,938 | €179,432 | €155,765 | ▼ 13.2% |
| Stocks and contracts in progress3 | €4,160 | €4,160 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,630 | €15,834 | €46,733 | €18,250 | €14,779 | €26,777 | €3,207 | €923 | ▼ 71.2% |
| Trade receivables40 | - | - | - | €12,583 | €6,545 | €18,154 | €1,513 | - | - |
| Other amounts receivable41 | - | - | - | €5,667 | €8,234 | €8,623 | €1,695 | €923 | ▼ 45.6% |
| Current investments50/53 | - | - | - | - | - | €184 | - | - | - |
| Cash at bank and in hand54/58 | €25,550 | €23,678 | €44,236 | €111,421 | €95,301 | €153,088 | €174,445 | €154,842 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,988 | €7,669 | €2,889 | €1,780 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €64,691 | €50,865 | €131,564 | €157,792 | €125,561 | €187,795 | €185,581 | €158,415 | ▼ 14.6% |
| Equity10/15 | €37,619 | €37,808 | €54,635 | €71,794 | €72,788 | €107,849 | €110,610 | €105,584 | ▼ 4.5% |
| Contributions10/11 | €12,813 | €12,813 | - | €12,813 | €12,813 | €12,813 | €12,813 | €12,813 | = |
| Reserves13 | €25,254 | €25,254 | €41,795 | €58,972 | €59,962 | €94,962 | €97,689 | €97,689 | = |
| Non-distributable reserves130/1 | - | - | - | €38,821 | €1,921 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,921 | €1,921 | - | - | - | - |
| Other1319 | - | - | - | €36,900 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €20,152 | €58,042 | €94,962 | €97,689 | €97,689 | = |
| Profit (loss) carried forward14 | -€448 | -€259 | €28 | €9 | €13 | €74 | €108 | -€4,918 | - |
| Amounts payable17/49 | €27,072 | €13,057 | €76,929 | €85,998 | €52,773 | €79,947 | €74,971 | €52,831 | ▼ 29.5% |
| Amounts payable after more than one year17 | - | - | €14,689 | €34,350 | €27,068 | €15,453 | €11,552 | - | - |
| Financial debts170/4 | - | - | - | €34,350 | €27,068 | €15,453 | €11,552 | - | - |
| Amounts payable within one year42/48 | €27,072 | €13,057 | €62,241 | €51,648 | €25,705 | €64,493 | €63,419 | €52,831 | ▼ 16.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,512 | €8,066 | €7,220 | - | €1,291 | - |
| Trade debts44 | €14,720 | €9,959 | €36,893 | €18,540 | €5,535 | €30,375 | €8,298 | €9,449 | ▲ 13.9% |
| Suppliers440/4 | - | - | - | €18,540 | €5,535 | €30,375 | €8,298 | €9,449 | ▲ 13.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €2,000 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €21,596 | €12,044 | €26,648 | €21,522 | €2,369 | ▼ 89.0% |
| Taxes450/3 | - | - | - | €21,596 | €12,044 | €26,648 | €21,082 | €2,369 | ▼ 88.8% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €440 | - | - |
| Other amounts payable47/48 | - | - | - | - | €60 | €250 | €31,598 | €39,721 | ▲ 25.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€106 | €188 | €16,828 | €20,109 | €1,794 | €35,861 | €3,594 | -€5,027 | - |
| + Depreciation and write-downs630 | €6,612 | €6,158 | €24,383 | €21,129 | €22,308 | €3,701 | €1,728 | €3,499 | ▲ 103% |
| Operating cash flow (approximation) | €6,506 | €6,346 | €41,211 | €41,238 | €24,102 | €39,562 | €5,322 | -€1,527 | - |
| Investment in fixed assets (approximation) | - | €0 | -€56,566 | -€9,551 | -€3,988 | -€746 | -€3,020 | €0 | - |
| Change in cash | - | -€1,872 | €20,558 | €67,185 | -€16,120 | €57,787 | €21,357 | -€19,603 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-03-2026 | 2026-00055886 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00407864 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00447148 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00417187 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20274624 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-51000005 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50300010 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61000445 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57700594 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54600283 |