Itransform
ActiveSummary
Itransform has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €26k. Equity is growing by ~59.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+62
Solvency92▲+3
Growth78▲+26
Track record82
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.79 in 2024; short-term debt: 32.4% and cash: 92.7% of total assets), and 33.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.9%
Return on assets
36.3%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
35 d early
2023
8 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 119%
2024 · €22k
Total assets
€72k▲ 110%
2024 · €34k
Net result
€26k▲ 20,892%
2024 · €124
Working capital
€47k▲ 113%
2024 · €22k
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
Line202320242025
Operating result€24k-€367▼ 98.5%€34k▲ 9,070%
Net result€19k-€124▼ 99.3%€26k▲ 20,892%
Equity€22k-€22k▲ 0.6%€48k▲ 119%
Total assets€30k-€34k▲ 12.9%€72k▲ 110%
Debt€8k-€12k▲ 44.5%€24k▲ 93.9%
Working capital€22k-€22k▲ 0.6%€47k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9,070% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€2k
Current assets
€70k
Equity and liabilities €72k
Equity
€48k ▲ 119%
Debt
€24k ▲ 93.9%
Debt's share of the balance-sheet total falls from 35.8% to 33.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k
Cash flow
€26k
Current ratio
3.02▲
2024 · 2.79
Debt to equity
0.49▼
2024 · 0.56
ROE
54.3%▲
2024 · 0.6%
ROA
36.3%▲
2024 · 0.4%
Interest coverage
38.62
Debt ≤ 1 year
€23k▲
2024 · €12k
Income taxes
€7k▲
2024 · €607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €162 | - |
| Other operating charges640/8 | €115 | €417 | €256 | ▼ 38.6% |
| Gross operating margin9900 | €24k | €784 | €34k | ▲ 4,248% |
| Operating profit (loss)9901 | €24k | €367 | €34k | ▲ 9,070% |
| Financial income75/76B | - | €364 | €0 | ▼ 100% |
| Recurring financial income75 | - | €364 | €0 | ▼ 100% |
| Financial charges65/66B | - | €0 | €876 | - |
| Recurring financial charges65 | - | €0 | €876 | - |
| Profit (loss) for the period before taxes9903 | €24k | €731 | €33k | ▲ 4,387% |
| Income taxes67/77 | €5k | €607 | €7k | ▲ 1,011% |
| Profit (loss) for the period9904 | €19k | €124 | €26k | ▲ 20,892% |
| Profit (loss) for the period to be appropriated9905 | €19k | €124 | €26k | ▲ 20,892% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30k | €34k | €72k | ▲ 110% |
| Fixed assets21/28 | - | - | €2k | - |
| Tangible fixed assets22/27 | - | - | €2k | - |
| Plant, machinery and equipment23 | - | - | €2k | - |
| Current assets29/58 | €30k | €34k | €70k | ▲ 105% |
| Stocks and contracts in progress3 | €4k | €1k | €0 | ▼ 100% |
| Stocks30/36 | €4k | €1k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €23k | €1k | €4k | ▲ 174% |
| Trade receivables40 | €23k | €1k | €3k | ▲ 107% |
| Other amounts receivable41 | - | - | €872 | - |
| Current investments50/53 | - | €30k | - | - |
| Cash at bank and in hand54/58 | €3k | - | €67k | - |
| Deferred charges and accrued income490/1 | - | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30k | €34k | €72k | ▲ 110% |
| Equity10/15 | €22k | €22k | €48k | ▲ 119% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €19k | €19k | €45k | ▲ 137% |
| Distributable reserves133 | €19k | €19k | €45k | ▲ 137% |
| Amounts payable17/49 | €8k | €12k | €24k | ▲ 93.9% |
| Amounts payable within one year42/48 | €8k | €12k | €23k | ▲ 89.7% |
| Financial debts43 | - | €1k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €1k | €0 | ▼ 100% |
| Trade debts44 | €523 | €29 | €3k | ▲ 11,207% |
| Suppliers440/4 | €523 | €29 | €3k | ▲ 11,207% |
| Taxes, remuneration and social security45 | €6k | €2k | €7k | ▲ 182% |
| Taxes450/3 | €6k | €2k | €7k | ▲ 182% |
| Other amounts payable47/48 | €2k | €8k | €13k | ▲ 57.8% |
| Accrued charges and deferred income492/3 | - | - | €525 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €124 | €26k | ▲ 20,892% |
| + Depreciation and write-downs630 | - | - | €162 | - |
| Operating cash flow (approximation) | €19k | €124 | €26k | ▲ 21,022% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €26k ▲20,892%
Operating result €34k, net result €26k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €124 ▼99.3%
Net result drops to €124, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2023
Ground area
104 m²
Building footprint
95 m²
Volume, LiDAR
597 m³
Parcel 31807H0428/00D002, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Itransform
since 20232.353.422.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807H0428/00D002 | Flanders | 104 m² | 1 · 95 m² | 11.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,535 EUR awarded · 1,535 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 444 EUR | 444 EUR |
| 2024 | 1 | 1,091 EUR | 1,091 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 433 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
Founded19-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
47279Other retail sale of food
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.