Equity
€48,034 ▲ 119%
Itransform has made a profit in every financial year since 2023.
Itransform
Lifetime
3 annual accounts with figures on one time axispeak €34,107 (2025)
€34,107▲ 43×
peak €26,065 (2025)
€26,065▲ 210×
peak €48,034 (2025)
€48,034▲ 119%
€23,773▲ 93.9%
Board1 name since 2023
1 directorVan Zandweghe Virginie
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €784 to €34,107Result from €124 to €26,065Registered office moved from Blankenberge to Bruges 24-09Registered office moved from Blankenberge to Bruges 13-08Equity from €21,969 to €48,034Debts from €12,258 to €23,773
Key points
from the 2025 annual accountsTurnover
≈ €99,000 estimated
The micro format states no turnover.
Investments
€1,850 11.4 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 1 late
The 2023 accounts came 8 days late. The other two were filed on time.
Starting capital
€3,000 100 shares
Position in the sector
€26,065
Higher net result than 84% of companies in personal services. Sector median €2,798 · 5,761 companies.
Checked score
55
Fair
Financially stronger than 88% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 1.1%
02-2025: 1.1%● unchanged vs 01-2025lowest value
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.3 percentage points vs 03-2025
05-2025: 1.5%▲ +0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 2.6%▲ +1.1 percentage points vs 06-2025
08-2025: 2.6%● unchanged vs 07-2025
09-2025: 3.8%▲ +1.2 percentage points vs 08-2025
10-2025: 8.9%▲ +5.1 percentage points vs 09-2025
11-2025: 8.9%● unchanged vs 10-2025
12-2025: 9.1%▲ +0.2 percentage points vs 11-2025
01-2026: 9.1%● unchanged vs 12-2025
02-2026: 9.1%● unchanged vs 01-2026
03-2026: 9.2%▲ +0.1 percentage points vs 02-2026
04-2026: 10.1%▲ +0.9 percentage points vs 03-2026
05-2026: 10.1%● unchanged vs 04-2026
06-2026: 10.2%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 10.2%● unchanged vs 06-2026highest value
08-2026: 2.6%▼ -7.6 percentage points vs 07-2026
09-2026: 2.6%● unchanged vs 08-2026
10-2026: 2.6%● unchanged vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Founded in 2023
lowers risk
Liquidity: current ratio 3.02, cash €66,559
Equity €48,034 (66.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 81% of them on solvency, 87% on liquidity, 93% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Itransform has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Itransform itself is higher: 2.6% within 12 months. It rests on far more data about Itransform than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Itransform. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.02 (2.79 in 2024), above the usual 1.5. Short-term debt is 32.4% and cash 92.7% of total assets. 33.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
35 days early
2023
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 17 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003594167
Registered office moved from Blankenberge to Bruges
New registered office: Koolkerkse Steenweg 3 8000 Brugge · Previous registered office: Landdijk 8 8370 Blankenberge · General meeting of 15-06-2025 · Gazette deed
Registered office moved from Blankenberge to Bruges
New registered office: Koolkerkse Steenweg 8 8000 Brugge · Previous registered office: Landdijk 8 8370 Blankenberge · General meeting of 15-06-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: Van Zandweghe Virginie · Appointment: Van Zandweghe Virginie (class A director) · published on 21-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Itransform Bruges | €71,807 | €34,107 | 66.9% | - |
| DESIERTO Bruges | €71,255 | €23,246 | 61.4% | - |
| Pollevalent Antwerp | €61,524 | €36,588 | 86.4% | - |
| TRA Koksijde | €89,765 | €34,774 | 68.9% | - |
| Sarah Detollenaere Duffel | €69,008 | €25,021 | 12.7% | - |
| ALBATRIOS Woluwe-Saint-Lambert | €50,424 | €37,642 | 51.0% | - |
| Gilles Van Kerckvoorde Merelbeke-Melle | €63,684 | €57,430 | 60.0% | - |
These companies have the same main activity as Itransform: other personal services (NACE 96999). They are comparable in size and age: total assets between €50,400 and €89,800, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 19-12-2023Normal situation
- Activity
- Other personal servicesNACE 96999and 2 others
- Establishment unit
- 2.353.422.2158000 Bruges, since 19-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Annual accounts 2025
- €71,807▲ 110%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on Itransform
Itransform files the micro format. That format states no turnover. The gross margin rose from €23,904 in 2023 to €34,107 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Itransform
- What is the company number of Itransform?
- The company number of Itransform is 1003.594.167. The VAT number is the same number with BE in front: BE 1003.594.167.
- Where is Itransform based?
- The registered office is at Koolkerkse Steenweg 3, 8000 Bruges.Company details
- What does Itransform do?
- According to the KBO register, the main activity is other personal services (NACE 96999).
- What is the legal form of Itransform?
- Itransform is a private limited company (BV).
- When was Itransform founded?
- Itransform was founded on 19-12-2023.
- Is Itransform still active?
- Yes, Itransform is an active enterprise in the KBO register.
- What is the turnover of Itransform?
- The turnover in financial year 2025 is ≈ €99,000. This figure is estimated from the gross margin of €34,107 and 51 comparable companies (NACE 96). It probably lies between €74,000 and €150,000.Financials
- Is Itransform profitable?
- In financial year 2025, Itransform made a profit of €26,065.
- Where can I find the annual accounts of Itransform?
- Itransform filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Itransform due?
- Itransform must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.