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ITP GROUP

Active Risk: not assessed
Private limited companyfounded 20206 yrs activeRuiseleedsesteenweg 9, 8700 Tielt, BelgiumKBO/BCE: BE 0748.507.131
Summary

ITP GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.3m and a net result of -€466,463. Equity is growing by ~2.6% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
46 d early
2024
14 d early
2023
33 d early
2022
6 d early
2021
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 June 2020, ITP GROUP was incorporated as a Private limited company.1 Total assets went from EUR 7.9 million in 2021 to EUR 16 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€2.3m▼ 16.9%
2023 · €2.8m
Net result
-€466,463
2023 · €297,728
Total assets
€16.4m▲ 50.1%
2023 · €10.9m
Solvency
14.0%▼ 11.3pp
2023 · 25.3%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result€733,409-€161,300▼ 78.0%-€57,988-€130,879▼ 126%
Net result€555,741above the sector's middle half--€29,651below the sector's middle half€297,728above the sector's middle half-€466,463below the sector's middle half
Equity€2.3mabove the sector's middle half-€2.5mabove the sector's middle half▲ 5.8%€2.8mabove the sector's middle half▲ 12.1%€2.3mabove the sector's middle half▼ 16.9%
Total assets€7.9mabove the sector's middle half-€8.1mabove the sector's middle half▲ 2.4%€10.9mabove the sector's middle half▲ 34.5%€16.4mabove the sector's middle half▲ 50.1%
Debt€5.6m-€5.6m▲ 1.0%€8.1m▲ 44.3%€14.1m▲ 72.8%
Working capital-€840,160below the sector's middle half--€1.5mbelow the sector's middle half▼ 73.2%-€7.3mbelow the sector's middle half▼ 403%-€8.7mbelow the sector's middle half▼ 18.7%
Solvency29.4%within the sector's middle half-30.4%within the sector's middle half▲ 1.0pp25.3%within the sector's middle half▼ 5.1pp14.0%below the sector's middle half▼ 11.3pp
Current ratio0.05below the sector's middle half-0.14below the sector's middle half▲ 0.090.01below the sector's middle half▼ 0.140.12below the sector's middle half▲ 0.12
Return on assets (ROA)7.0%within the sector's middle half--0.4%below the sector's middle half▼ 7.4pp2.7%within the sector's middle half▲ 3.1pp-2.8%below the sector's middle half▼ 5.6pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000Operating result 2021: €733,409€733,409Net result 2021: €555,741€555,741Operating result 2022: €161,300€161,300Net result 2022: -€29,651-€29,651Operating result 2023: -€57,988-€57,988Net result 2023: €297,728€297,728Operating result 2024: -€130,879-€130,879Net result 2024: -€466,463-€466,4632021202220232024-€600,000-€400,000-€200,000€0€200,000Operating result 2022: €161,300€161,000Net result 2022: -€29,651-€29,700Operating result 2023: -€57,988-€58,000Net result 2023: €297,728€298,000Operating result 2024: -€130,879-€131,000Net result 2024: -€466,463-€466,000202220232024
The operating result stays negative: a loss of €130,879 in 2024 against €57,988 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 €16.4m
Fixed assets €15.2m ▲ 39.6%
Current assets €1.2m ▲ 2,706%
Equity and liabilities €16.4m
Equity €2.3m ▼ 16.9%
Debt €14.1m ▲ 72.8%
Debt's share of the balance-sheet total rises from 74.7% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
ROE
-20.3%▼
2023 · 10.8%
Debt ≤ 1 year
€9.9m▲
2023 · €7.4m
Debt > 1 year
€3.8m▲
2023 · €750,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€10.9m€16.4m▲
Formation expenses20€3,283€1,064▼
Fixed assets21/28€10.9m€15.2m▲
Intangible fixed assets21-€24,485
Financial fixed assets28€10.9m€15.1m▲
Current assets29/58€42,946€1.2m▲
Amounts receivable within one year40/41€27,413€1.1m▲
Trade receivables40€0€32,268▲
Other amounts receivable41€27,413€1.0m▲
Cash at bank and in hand54/58€14,719€125,203▲
Deferred charges and accrued income490/1€814€14,217▲
Equity and liabilities
Total equity and liabilities10/49€10.9m€16.4m▲
Equity10/15€2.8m€2.3m▼
Contributions10/11€1.9m€1.9m=
Reserves13€823,819€357,356▼
Distributable reserves133€823,819€357,356▼
Amounts payable17/49€8.1m€14.1m▲
Amounts payable after more than one year17€750,000€3.8m▲
Financial debts170/4€750,000€3.8m▲
Amounts payable within one year42/48€7.4m€9.9m▲
Current portion of amounts payable after more than one year42€0€500,000▲
Financial debts43-€1.0m
Credit institutions430/8-€1.0m
Trade debts44€22,566€224,064▲
Suppliers440/4€22,566€224,064▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€7.3m€8.2m▲
Accrued charges and deferred income492/3€29,260€377,721▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,220€4,234▲
Other operating charges640/8€1,160€1,218▲
Gross operating margin9900-€54,609-€125,427▼
Operating profit (loss)9901-€57,988-€130,879▼
Financial income75/76B€700,000€17,829▼
Recurring financial income75€700,000€17,829▼
Financial charges65/66B€344,283€353,413▲
Recurring financial charges65€344,283€353,413▲
Profit (loss) for the period before taxes9903€297,728-€466,463▼
Profit (loss) for the period9904€297,728-€466,463▼
Profit (loss) for the period to be appropriated9905€297,728-€466,463▼
Appropriation of the result
Profit (loss) to be appropriated9906€297,728-€466,463▼
Transfer from equity791/2€0€466,463▲
Transfer to equity691/2€297,728-
To other reserves6921€297,728-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,375€2,220€2,220€4,234▲ 90.8%
Other operating charges640/8€1,186€964€1,160€1,218▲ 5.0%
Gross operating margin9900€737,971€164,483-€54,609-€125,427▼ 130%
Operating profit (loss)9901€733,409€161,300-€57,988-€130,879▼ 126%
Financial income75/76B€225,050€0€700,000€17,829▼ 97.5%
Recurring financial income75€225,050€0€700,000€17,829▼ 97.5%
Financial charges65/66B€292,471€190,951€344,283€353,413▲ 2.7%
Recurring financial charges65€292,471€190,951€344,283€353,413▲ 2.7%
Profit (loss) for the period before taxes9903€665,988-€29,651€297,728-€466,463▼ 257%
Income taxes67/77€110,247€0---
Profit (loss) for the period9904€555,741-€29,651€297,728-€466,463▼ 257%
Profit (loss) for the period to be appropriated9905€555,741-€29,651€297,728-€466,463▼ 257%
Line2021202220232024Change
Assets
Total assets20/58€7.9m€8.1m€10.9m€16.4m▲ 50.1%
Formation expenses20€7,723€5,503€3,283€1,064▼ 67.6%
Fixed assets21/28€7.9m€7.9m€10.9m€15.2m▲ 39.6%
Intangible fixed assets21---€24,485-
Financial fixed assets28€7.9m€7.9m€10.9m€15.1m▲ 39.4%
Current assets29/58€45,414€239,981€42,946€1.2m▲ 2,706%
Amounts receivable within one year40/41-€36,300€27,413€1.1m▲ 3,787%
Trade receivables40-€36,300€0€32,268-
Other amounts receivable41--€27,413€1.0m▲ 3,669%
Cash at bank and in hand54/58€44,602€202,868€14,719€125,203▲ 751%
Deferred charges and accrued income490/1€812€812€814€14,217▲ 1,647%
Equity and liabilities
Total equity and liabilities10/49€7.9m€8.1m€10.9m€16.4m▲ 50.1%
Equity10/15€2.3m€2.5m€2.8m€2.3m▼ 16.9%
Contributions10/11€1.8m€1.9m€1.9m€1.9m=
Reserves13€555,741€526,090€823,819€357,356▼ 56.6%
Distributable reserves133€555,741€526,090€823,819€357,356▼ 56.6%
Amounts payable17/49€5.6m€5.6m€8.1m€14.1m▲ 72.8%
Amounts payable after more than one year17€4.6m€3.9m€750,000€3.8m▲ 407%
Financial debts170/4€4.6m€3.9m€750,000€3.8m▲ 407%
Amounts payable within one year42/48€885,574€1.7m€7.4m€9.9m▲ 34.4%
Current portion of amounts payable after more than one year42€751,667€751,667€0€500,000-
Financial debts43---€1.0m-
Credit institutions430/8---€1.0m-
Trade debts44€3,104€53,218€22,566€224,064▲ 893%
Suppliers440/4€3,104€53,218€22,566€224,064▲ 893%
Taxes, remuneration and social security45€130,803€297€0--
Taxes450/3€130,803€297€0--
Other amounts payable47/48-€890,197€7.3m€8.2m▲ 11.3%
Accrued charges and deferred income492/3€74,322€73,182€29,260€377,721▲ 1,191%
Line2021202220232024Change
Profit (loss) for the period9904€555,741-€29,651€297,728-€466,463▼ 257%
+ Depreciation and write-downs630€3,375€2,220€2,220€4,234▲ 90.8%
Operating cash flow (approximation)€559,117-€27,431€299,948-€462,229▼ 254%
Investment in fixed assets (approximation)--€2,220-€3.0m-€4.3m▼ 43.5%
Change in cash-€158,266-€188,149€110,484▲ 159%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
20-05
State Gazette act Resignation: Confidentius BV (director)
Permanent representatives: Veerle Vervaeck, Bart Verhelst and Matthias Van Snick7 facts ▸
  • General meeting, 24-02-2026
  • Director resignation, Confidentius BV (director)
  • Permanent representative, Veerle Vervaeck (permanent representative)
  • Board composition, AXI Holdings Services BV (director)
  • Permanent representative, Bart Verhelst (permanent representative)
  • Board composition, CTRL VS BV (director)
  • Permanent representative, Matthias Van Snick (permanent representative)
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€466,463
Net result drops to -€466,463, the lowest in the series.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €297,728
Net result €297,728 after one loss-making year.
25-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
no sitting director, last change in 2026
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.
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
3,093 m²
Building footprint
424 m²
Volume, LiDAR
1,994 m³
Parcel 37302E0523/00F002, Flanders · tallest building 17.9 m. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
ITP GROUP
Ruiseleedsesteenweg 9, 8700 TieltFinancial service activities, except insurance and pension funding
since 20202.304.905.981
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37302E0523/00F002 Flanders 3,093 m² 1 · 424 m² 17.9 m
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.

Mandate history

1 person since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
confidentius BV
  • Director, until 24-02-2026
See the board, name and seat on a given date →

Structure & network

Part of the group AXI Holdings Services 18 companies Group, risk and exposure

Owners and holdings

2 owners · 5 holdings · 7 subsidiaries in the tree

Chain of control

  1. AXI Holdings Services 100%
  2. ITP GROUP

Highest known parent: AXI Holdings Services. The sources do not say who stands above it.

Owners 2

Holdings 5

All subsidiaries, including indirect ones 7

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of ITP GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 2,250 EUR awarded · 2,250 EUR paid
Year Entries awardedpaid
2023 1 0 EUR2,250 EUR
2022 1 2,250 EUR0 EUR
Schemes
2 entries · 2,250 EUR · 2,250 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,507 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
Founded12-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0748507131
Also 9925:BE0748507131
Registered 30-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.