Debts
€135,381 98% of the balance sheet
Financial debts 1%Suppliers 19%Taxes and wages 45%Other 35%
Of this, €120,460 falls due within a year.
ITRD
Lifetime
4 annual accounts with figures on one time axispeak €140,677 (2024)
€87,224▼ 38.0%
lowest -€37,423 (2023)
€1,046▼ 96.1%
peak €12,509 (2022)
€3,030▲ 52.7%
€135,381▲ 14.7%
Board2 names since 2021
2 directorsVan Ruysevelt Maceo and 1 other
Documentsfilings and deeds
01-08-20261 day late
2025micro format
Gross margin from €140,677 to €87,224Result from €26,899 to €1,046Equity from €1,984 to €3,030Cash from €15,789 to €1,702
Key points
from the 2025 annual accountsStaff
2 employees on 31-12-2025
In 2025, 3 people joined and 5 left.
Position in the sector
2.2%
Lower solvency than 90% of companies in computer programming and consultancy. Sector median 60.0% · 21,217 companies.
2025 accounts filed 1 day after the deadline
Checked score
69
Healthy
Financially stronger than 28% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.1%▼ -0.1 percentage points vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.0%▼ -0.1 percentage points vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 1.8%▼ -0.2 percentage points vs 06-2025
08-2025: 2.4%▲ +0.6 percentage points vs 07-2025
09-2025: 2.8%▲ +0.4 percentage points vs 08-2025highest value
10-2025: 0.8%▼ -2.0 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.6 percentage points vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.97, cash €1,702, halved
Last filed accounts filed 1 day late; 2 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €138,411
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 62, micro). It does better than 10% of them on solvency, 2% on liquidity, 17% on profitability and 80% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,251 companies had the same profile as ITRD has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITRD itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,251 companies, not a prediction for ITRD. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 21217 sector peers (2025).
NBB · sector comparisonPosition among 21217 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 1 day late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
1 day late
2024
31 days late
2023
31 days late
2022
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 23 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 31 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Ixelles to Auderghem
New registered office: Avenue Herrmann-Debroux, 40-42 à 1160 Auderghem · Previous registered office: Avenue Louise, 65/11 à 1050 IXELLES · General meeting of 01-05-2024 · Gazette deed
Incorporation
Founder: VAN RUYSEVELT Maceo · 50 shares · Appointments: VAN RUYSEVELT Maceo (director) and VAN RUYSEVELT Yannik (director) · published on 03-11-2021 · Gazette deed
First establishment
Louizalaan 65, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITRD Auderghem | €138,411 | €87,224 | 2.2% | - |
| End To End Auderghem | €128,042 | €100,080 | 2.8% | - |
| INDIESOFT SERVICES Ganshoren | €150,347 | €86,564 | 85.6% | - |
| NUANTUM Uccle | €133,064 | €81,509 | 65.0% | - |
| FLORENCE LIBBRECHT Ixelles | €157,206 | €87,271 | 10.7% | - |
| glitched_fox Brussels | €128,944 | €99,349 | 5.8% | - |
| ARCS 3226 Sint-Gillis (bij-Brussel) | €131,241 | €81,318 | 73.8% | - |
These companies have the same main activity as ITRD: computer programming (NACE 62100). They are comparable in size and age: total assets between €128,000 and €157,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 28-10-2021Normal situation
- Registered office
- 126 active companies are registered at this address12 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Computer programmingNACE 62100and 10 others
- Establishment unit
- 2.324.774.1551050 Brussels, since 28-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €200,000estimated
- €138,411▲ 15.3%
- Employeeson 31-12-2025
- 2▼ 50.0%
- Filing
- Filed on 01-08-2026
Insights on ITRD
ITRD files the micro format. That format states no turnover. The gross margin rose from €31,198 in 2022 to €87,224 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 ITRD
- What is the company number of ITRD?
- The company number of ITRD is 0776.608.724. The VAT number is the same number with BE in front: BE 0776.608.724.
- Where is ITRD based?
- The registered office is at Herrmann-Debrouxlaan 40-42, 1160 Auderghem.Company details
- What does ITRD do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of ITRD?
- ITRD is a private limited company (BV).
- When was ITRD founded?
- ITRD was founded on 28-10-2021.
- Is ITRD still active?
- Yes, ITRD is an active enterprise in the KBO register.
- How many employees does ITRD have?
- ITRD had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ITRD?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €87,224 and 41 comparable companies (NACE 62100). It probably lies between €170,000 and €260,000.
- Is ITRD profitable?
- In financial year 2025, ITRD made a profit of €1,046.
- Where can I find the annual accounts of ITRD?
- ITRD filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ITRD due?
- ITRD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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