Itransform
ActiveSummary
The computed 12-month bankruptcy probability of Itransform is 2.6% (moderate). The 2025 annual accounts show equity of €48,034 and a net result of €26,065. Equity is growing by about 60% per year across the filed financial years. Its solvency ranks better than 81% of 5,672 sector peers (NACE 96, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €48,034
- Profit
- €26,065
- Van Zandweghe VirginieDirector
Why 55raises risk2 changes of registered office in 24 monthsFounded in 2023lowers riskLiquidity: current ratio 3.02, cash €66,559Equity €48,034 (66.9% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 81% on solvency, 87% on liquidity, 93% on profitability and 92% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 17 days before the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €26,065 ▲20,892%
- Registered officeRegistered-office move · Power of…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 92 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| 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 | €23,904 | €784 | €34,107 | ▲ 43× |
| Operating profit (loss)9901 | €23,789 | €367 | €33,688 | ▲ 92× |
| 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 | €23,789 | €731 | €32,812 | ▲ 45× |
| Income taxes67/77 | €4,944 | €607 | €6,747 | ▲ 11× |
| Profit (loss) for the period9904 | €18,845 | €124 | €26,065 | ▲ 210× |
| Profit (loss) for the period to be appropriated9905 | €18,845 | €124 | €26,065 | ▲ 210× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,329 | €34,227 | €71,807 | ▲ 110% |
| Fixed assets21/28 | - | - | €1,688 | - |
| Tangible fixed assets22/27 | - | - | €1,688 | - |
| Plant, machinery and equipment23 | - | - | €1,688 | - |
| Current assets29/58 | €30,329 | €34,227 | €70,119 | ▲ 105% |
| Stocks and contracts in progress3 | €4,000 | €1,000 | €0 | ▼ 100% |
| Stocks30/36 | €4,000 | €1,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €23,329 | €1,301 | €3,560 | ▲ 174% |
| Trade receivables40 | €23,329 | €1,301 | €2,688 | ▲ 107% |
| Other amounts receivable41 | - | - | €872 | - |
| Current investments50/53 | - | €29,937 | - | - |
| Cash at bank and in hand54/58 | €3,000 | - | €66,559 | - |
| Deferred charges and accrued income490/1 | - | €1,988 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,329 | €34,227 | €71,807 | ▲ 110% |
| Equity10/15 | €21,845 | €21,969 | €48,034 | ▲ 119% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €18,845 | €18,969 | €45,034 | ▲ 137% |
| Distributable reserves133 | €18,845 | €18,969 | €45,034 | ▲ 137% |
| Amounts payable17/49 | €8,484 | €12,258 | €23,773 | ▲ 93.9% |
| Amounts payable within one year42/48 | €8,484 | €12,258 | €23,248 | ▲ 89.7% |
| Financial debts43 | - | €1,488 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €1,488 | €0 | ▼ 100% |
| Trade debts44 | €523 | €29 | €3,238 | ▲ 113× |
| Suppliers440/4 | €523 | €29 | €3,238 | ▲ 113× |
| Taxes, remuneration and social security45 | €5,546 | €2,469 | €6,959 | ▲ 182% |
| Taxes450/3 | €5,546 | €2,469 | €6,959 | ▲ 182% |
| Other amounts payable47/48 | €2,415 | €8,272 | €13,051 | ▲ 57.8% |
| Accrued charges and deferred income492/3 | - | - | €525 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,845 | €124 | €26,065 | ▲ 210× |
| + Depreciation and write-downs630 | - | - | €162 | - |
| Operating cash flow (approximation) | €18,845 | €124 | €26,228 | ▲ 211× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00260668 |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00180851 |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00335281 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €1,535 awarded · €1,535 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €444 | €444 |
| 2024 | 1 | €1,091 | €1,091 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Van Zandweghe Virginie |
|
Owners and capital
Capital and shareholders
- Van Zandweghe Virginie sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-12-2023 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 19 December 2023, Itransform was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Brugge.3 Van Zandweghe Virginie has served as niet statutair a bestuurder of the company since 2023.2 Total assets went from €30,329 in 2023 to €71,807 in 2025.4
Acts, filings and financial milestones
24-09
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- General meeting, 15-06-2025
- Registered-office move, Koolkerkse Steenweg 3 8000 Brugge
- Power of attorney, Alelousti Accountancy
13-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 15-06-2025
- Registered-office move, Koolkerkse Steenweg 8 8000 Brugge
21-12
Gazette deed
IncorporationAppointment: Van Zandweghe Virginie (niet statutair a bestuurder) · Founder · Founding capital8 facts ▸
- Incorporation, “Itransform” (deed in Dutch)
- Founder, Van Zandweghe Virginie
- Founding capital, €3,000
- Registered office clause, “8370 Blankenberge, Landdijk 8” (deed in Dutch)
- Board rule, 1
- Director appointment, Van Zandweghe Virginie (niet statutair a bestuurder)
- Other provision, “afwezigheid beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31807H0428/00D002 | Flanders | 104 m² | 1 · 95 m² | 11.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Verkoop van allerhande voedingsmiddelen; Holdings; Handel in eigen onroerend goed; Verhuur en exploitatie van eigen of geleasd residentieel…” (deed in Dutch)
9 activities (deed in Dutch)
- Verkoop van allerhande voedingsmiddelen
- Holdings
- Handel in eigen onroerend goed
- Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed,exclusief sociale woningen
- Activiteiten op het vlak van geestelijke gezondheidszorg (therapie,psychologie)
- Coaching sessies
- Onderhoud van eigen onroerend goed
- Schrijven van boeken
- Overige dienstverlening en administratieve ondersteuning aan bovenstaande bedrijvigheden
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Itransform
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking,zonder bepaling onbepaalde duur, bestuursorgaan” (deed in Dutch)“Vaste of evenredige vergoeding, vergoeding bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen Wetboek van vennootschappen en verenigingen,inzage aandeelhouders betreffende hun…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, overblijvende aandelen eerst aan andere aandeelhouders die voorkeurrecht…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed