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ITP MANAGEMENT

Active
Private limited companyfounded 20215 yrs activeJoseph Ruttenlaan 9, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0765.542.014
Summary

The annual accounts of ITP MANAGEMENT for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €5,917 and a net result of -€10,908. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 8737 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability6▼-73
Solvency31▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 tight (current ratio 1.07 against 1.18 in 2024; short-term debt: 87.4% of total assets), and 94.3% of the assets are financed with debt.
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Signals

Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2025
Solvency, return and age of the figures
Solvency
5.7%
Return on assets
-10.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 8737 sector peers (2025).
NBB · sector comparison
Position among 8737 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filings
Deviation from the deadline
2025
27 d late
2024
29 d late
2023
26 d late
2022
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven months
Position in the running window
27-09-2026 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 23 March 2021, ITP MANAGEMENT was incorporated as a Private limited company.1 Total assets went from EUR 20,956 in 2022 to EUR 103,712 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,908
2024 · €10,636
Working capital
€6,297▼ 67.5%
2024 · €19,376
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€467-€1,485▲ 218%€13,803▲ 829%-€10,014
Net result€255-€934▲ 266%€10,636▲ 1,039%-€10,908
Equity€5,255-€6,189▲ 17.8%€16,825▲ 172%€5,917▼ 64.8%
Total assets€20,956-€83,969▲ 301%€132,499▲ 57.8%€103,712▼ 21.7%
Debt€15,701-€77,780▲ 395%€115,673▲ 48.7%€97,794▼ 15.5%
Working capital€9,465-€6,289▼ 33.6%€19,376▲ 208%€6,297▼ 67.5%
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2022: €467€467Net result 2022: €255€255Operating result 2023: €1,485€1,485Net result 2023: €934€934Operating result 2024: €13,803€13,803Net result 2024: €10,636€10,636Operating result 2025: -€10,014-€10,014Net result 2025: -€10,908-€10,9082022202320242025-€20,000-€10,000€0€10,000Operating result 2023: €1,485€1,490Net result 2023: €934€934Operating result 2024: €13,803€13,800Net result 2024: €10,636€10,600Operating result 2025: -€10,014-€10,000Net result 2025: -€10,908-€10,900202320242025
The operating result turns negative in 2025: a loss of €10,014 after €13,803 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,712
Fixed assets €6,821 ▼ 7.9%
Current assets €96,891 ▼ 22.5%
Equity and liabilities €103,712
Equity €5,917 ▼ 64.8%
Debt €97,794 ▼ 15.5%
Debt's share of the balance-sheet total rises from 87.3% to 94.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,432▼
2024 · €14,010
Cash flow
-€10,326▼
2024 · €10,844
Current ratio
1.07▼
2024 · 1.18
Debt to equity
16.53▲
2024 · 6.87
ROE
-184.3%▼
2024 · 63.2%
ROA
-10.5%▼
2024 · 8.0%
Interest coverage
-10.56▼
2024 · 30.27
Debt ≤ 1 year
€90,594▼
2024 · €105,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
6.7% went bankrupt
5.6% stopped otherwise
86% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.2% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 646 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€132,499€103,712▼
Fixed assets21/28€7,403€6,821▼
Tangible fixed assets22/27€2,703€2,121▼
Plant, machinery and equipment23€2,703€2,121▼
Financial fixed assets28€4,700€4,700=
Current assets29/58€125,096€96,891▼
Amounts receivable within one year40/41€98,632€89,695▼
Trade receivables40€45,173€20,613▼
Other amounts receivable41€53,458€69,081▲
Cash at bank and in hand54/58€11,570-
Deferred charges and accrued income490/1€14,894€7,196▼
Equity and liabilities
Total equity and liabilities10/49€132,499€103,712▼
Equity10/15€16,825€5,917▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€11,825€917▼
Amounts payable17/49€115,673€97,794▼
Amounts payable within one year42/48€105,719€90,594▼
Financial debts43-€150
Credit institutions430/8-€150
Trade debts44€12,985€4,686▼
Suppliers440/4€12,985€4,686▼
Taxes, remuneration and social security45€16,991€5,933▼
Taxes450/3€15,641€5,933▼
Remuneration and social security454/9€1,350-
Other amounts payable47/48€75,744€79,826▲
Accrued charges and deferred income492/3€9,954€7,200▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€207€582▲
Other operating charges640/8€387€400▲
Gross operating margin9900€14,397-€9,033▼
Operating profit (loss)9901€13,803-€10,014▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€463€894▲
Recurring financial charges65€463€894▲
Profit (loss) for the period before taxes9903€13,341-€10,908▼
Income taxes67/77€2,704-
Profit (loss) for the period9904€10,636-€10,908▼
Profit (loss) for the period to be appropriated9905€10,636-€10,908▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,825€917▼
Profit (loss) brought forward from the previous period14P€1,189€11,825▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,298-€207€582▲ 181%
Other operating charges640/8€697€842€387€400▲ 3.2%
Gross operating margin9900€2,462€2,327€14,397-€9,033▼ 163%
Operating profit (loss)9901€467€1,485€13,803-€10,014▼ 173%
Financial income75/76B--€0--
Recurring financial income75--€0--
Financial charges65/66B€149€240€463€894▲ 93.1%
Recurring financial charges65€149€240€463€894▲ 93.1%
Profit (loss) for the period before taxes9903€319€1,245€13,341-€10,908▼ 182%
Income taxes67/77€64€311€2,704--
Profit (loss) for the period9904€255€934€10,636-€10,908▼ 203%
Profit (loss) for the period to be appropriated9905€255€934€10,636-€10,908▼ 203%
Line2022202320242025Change
Assets
Total assets20/58€20,956€83,969€132,499€103,712▼ 21.7%
Fixed assets21/28€1,500€3,100€7,403€6,821▼ 7.9%
Tangible fixed assets22/27--€2,703€2,121▼ 21.5%
Plant, machinery and equipment23--€2,703€2,121▼ 21.5%
Financial fixed assets28€1,500€3,100€4,700€4,700=
Current assets29/58€19,456€80,869€125,096€96,891▼ 22.5%
Amounts receivable within one year40/41€13,600€64,260€98,632€89,695▼ 9.1%
Trade receivables40€12,100€18,260€45,173€20,613▼ 54.4%
Other amounts receivable41€1,500€46,000€53,458€69,081▲ 29.2%
Cash at bank and in hand54/58€3,046€8,809€11,570--
Deferred charges and accrued income490/1€2,810€7,800€14,894€7,196▼ 51.7%
Equity and liabilities
Total equity and liabilities10/49€20,956€83,969€132,499€103,712▼ 21.7%
Equity10/15€5,255€6,189€16,825€5,917▼ 64.8%
Contributions10/11€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€255€1,189€11,825€917▼ 92.2%
Amounts payable17/49€15,701€77,780€115,673€97,794▼ 15.5%
Amounts payable within one year42/48€9,991€74,580€105,719€90,594▼ 14.3%
Financial debts43---€150-
Credit institutions430/8---€150-
Trade debts44€1,456€237€12,985€4,686▼ 63.9%
Suppliers440/4€1,456€237€12,985€4,686▼ 63.9%
Taxes, remuneration and social security45€6,879€9,647€16,991€5,933▼ 65.1%
Taxes450/3€6,879€9,647€15,641€5,933▼ 62.1%
Remuneration and social security454/9--€1,350--
Other amounts payable47/48€1,656€64,696€75,744€79,826▲ 5.4%
Accrued charges and deferred income492/3€5,710€3,200€9,954€7,200▼ 27.7%
Line2022202320242025Change
Profit (loss) for the period9904€255€934€10,636-€10,908▼ 203%
+ Depreciation and write-downs630€1,298-€207€582▲ 181%
Operating cash flow (approximation)€1,552€934€10,844-€10,326▼ 195%
Investment in fixed assets (approximation)--€1,600-€4,510€0▲ 100%
Change in cash-€5,763€2,761--

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
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial Weakest financial yearnet -€10,908
Net result drops to -€10,908, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial Highest result since 2022net €10,636 ▲1,039%
Operating result €13,803, net result €10,636, both a record.
26-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Pieters-Woluwe · 2 establishment units since 2021
seat establishment All 2 establishment units on the map
Ground area
703 m²
Building footprint
421 m²
Volume, LiDAR
1,851 m³
2 parcels, Brussels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
ITP MANAGEMENT
Joseph Ruttenlaan 9, 1150 Sint-Pieters-WoluweHoldings
since 20212.315.021.794
Mechelsesteenweg 139, 1970 Wezembeek-Oppem
Event catering
since 20242.358.988.530
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22006B0349/00X004 Flanders 566 m² 1 · 348 m² 7.3 m · 1 fl.
21683D0371/00B034 Brussels 136 m² 1 · 73 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

3 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 3

According to the 2025 annual accounts of ITP MANAGEMENT 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 17,216 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
Founded23-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Contact
E-mail itpmanagement@hotmail.com
Phone 0487537912
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765542014
Registered 10-10-2025

Register as of 27 September 2026 · Peppol Directory

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