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iTraceiT

Active
Private limited companyfounded 20215 yrs activeRue du Grand Péril 108, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0770.300.358
Summary

The computed 12-month bankruptcy probability of iTraceiT is 5.3% (elevated). The 2024 annual accounts show negative equity (-€312,421) and a net result of -€635,419. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 1558 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
iTraceiTActiveChecked score 36/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010IT consultancy NACE 62020
#7 company by total assets in Braine-le-Comte, Telecoms and IT sector1 site
Size
€693,983total assets 2024
Staff
1 FTE
Equity
-€312,421
Loss
-€635,419
Net result -72%: other schema
Financial health
36 Weak Checked score 2024
Bankruptcy chance 12 m
5.3%
Structure
Largest shareholder
Wallonie Entreprendre · 17.75%
Accounts 66 d overdue0 of 4 deeds read
Why 36- 1 financial year not filed after the legal deadline; latest accounts 207 days late; 3 of the last 3 late- Figures for FY 2024 (filed 24-02-2026)- Loss of €635,419, the second in a row (FY 2024)+ Sector Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 23% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -45.0% of total assets
Liquidity 51+11
short-term debt 66.0% · cash 28.6%
Profitability 0=
return on assets -91.6%
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,832 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%● 0.0% vs 12-2024 02-2025: 0.8%● 0.0% vs 01-2025 03-2025: 0.7%▼ -16.8% vs 02-2025lowest value 04-2025: 0.7%● 0.0% vs 03-2025lowest value 05-2025: 0.7%▲ +0.6% vs 04-2025 06-2025: 0.7%▼ -0.4% vs 05-2025 07-2025: 0.7%▲ +0.7% vs 06-2025 08-2025: 1.0%▲ +43.1% vs 07-2025 09-2025: 1.1%▲ +9.5% vs 08-2025 10-2025: 1.6%▲ +46.6% vs 09-2025 11-2025: 1.7%▲ +5.3% vs 10-2025 12-2025: 1.9%▲ +13.1% vs 11-2025 01-2026: 2.6%▲ +37.5% vs 12-2025 02-2026: 2.6%● 0.0% vs 01-2026 03-2026: 2.8%▲ +5.1% vs 02-2026 04-2026: 2.8%● 0.0% vs 03-2026 05-2026: 2.6%▼ -4.7% vs 04-2026 06-2026: 2.6%▲ +0.2% vs 05-2026 07-2026: 2.7%▲ +1.9% vs 06-2026 08-2026: 3.3%▲ +23.5% vs 07-2026 09-2026: 3.6%▲ +8.8% vs 08-2026 10-2026: 5.3%▲ +46.1% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 207 days late; 3 of the last 3 late raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Figures for FY 2024 (filed 24-02-2026) raises the probability
  • Loss of €635,419, the second in a row (FY 2024) raises the probability
No credit on open account
Liquidity short (current ratio 0.7 against 0.59 in 2023; short-term debt: 66% and cash: 28.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 3%, liquidity 31%, profitability 5%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 207 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Figures for FY 2024 (filed 24-02-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €635,419, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
222324
2022 to 2024 · latest year -€312,421
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-02-2026, 207 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
207 d late
2023
31 d late
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 90 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Weakest financial yearnet -€635,419
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€312,421 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€635,419 View
  • Caution: Among the weakest 5% on equitysector median €289,963 · 1,559 companies -€312,421 View
  • Caution: Result fell in 2024different schema filed ▼ 71.8% View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View

By topic

Financials

Fiscal year
2024
Total assets
€693,983
Loss
-€635,419
Solvency
-45.0%
Total assets▲ 35.0%
Net result
20222024
Go to Financials

Timeline

Events
4
Since
2023
  1. 23-02-2026Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 31-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
24-06-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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