ITS
ActiveSummary
ITS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253,813 and a net result of €52,122. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+45
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 5.72 against 3.53 in 2024; short-term debt: 13.7% and cash: 65.1% of total assets), and 14.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
85.7%
Return on assets
17.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €253,813
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
35 d late
2023
30 d late
2022
29 d late
2021
44 d early
2020
18 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€253,813▲ 25.8%
2024 · €201,690
Total assets
€296,267▲ 12.7%
2024 · €262,886
Net result
€52,122▲ 845%
2024 · €5,518
Working capital
€191,951▲ 32.7%
2024 · €144,668
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,297-€10,470€14,108€9,998▼ 29.1%€70,415▲ 604%
Net result€2,297within the sector's middle half-€12,079below the sector's middle half€13,338within the sector's middle half€5,518within the sector's middle half▼ 58.6%€52,122above the sector's middle half▲ 845%
Equity€194,912above the sector's middle half▼ 9.3%€182,834above the sector's middle half▼ 6.2%€196,172above the sector's middle half▲ 7.3%€201,690above the sector's middle half▲ 2.8%€253,813above the sector's middle half▲ 25.8%
Total assets€265,258within the sector's middle half▲ 3.2%€259,403within the sector's middle half▼ 2.2%€294,383within the sector's middle half▲ 13.5%€262,886within the sector's middle half▼ 10.7%€296,267within the sector's middle half▲ 12.7%
Debt€70,346▲ 66.4%€76,569▲ 8.8%€98,211▲ 28.3%€61,195▼ 37.7%€42,455▼ 30.6%
Working capital€126,067above the sector's middle half▼ 14.4%€118,631above the sector's middle half▼ 5.9%€136,123above the sector's middle half▲ 14.7%€144,668above the sector's middle half▲ 6.3%€191,951above the sector's middle half▲ 32.7%
Solvency73.5%above the sector's middle half▼ 10.1pp70.5%above the sector's middle half▼ 3.0pp66.6%within the sector's middle half▼ 3.8pp76.7%above the sector's middle half▲ 10.1pp85.7%above the sector's middle half▲ 8.9pp
Current ratio2.79within the sector's middle half▼ 1.692.55within the sector's middle half▼ 0.242.39within the sector's middle half▼ 0.163.53within the sector's middle half▲ 1.155.72above the sector's middle half▲ 2.19
Return on assets (ROA)0.9%within the sector's middle half▲ 6.6pp-4.7%below the sector's middle half▼ 5.5pp4.5%within the sector's middle half▲ 9.2pp2.1%within the sector's middle half▼ 2.4pp17.6%above the sector's middle half▲ 15.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 604% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296,267
Fixed assets
€63,660 ▲ 4.1%
Current assets
€232,607 ▲ 15.3%
Equity and liabilities €296,267
Equity
€253,813 ▲ 25.8%
Debt
€42,455 ▼ 30.6%
Debt's share of the balance-sheet total falls from 23.3% to 14.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,722▲
2024 · €12,328
Cash flow
€55,430▲
2024 · €7,848
Debt to equity
0.17▼
2024 · 0.30
ROE
20.5%▲
2024 · 2.7%
Interest coverage
38.64▲
2024 · 2.92
Debt ≤ 1 year
€40,656▼
2024 · €57,092
Income taxes
€16,390▲
2024 · €263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,164 | €4,643 | €4,153 | €2,330 | €3,307 | ▲ 41.9% |
| Other operating charges640/8 | €609 | €1,365 | €1,055 | €1,096 | €1,527 | ▲ 39.2% |
| Gross operating margin9900 | €6,070 | -€4,462 | €19,316 | €13,425 | €75,249 | ▲ 461% |
| Operating profit (loss)9901 | €4,297 | -€10,470 | €14,108 | €9,998 | €70,415 | ▲ 604% |
| Financial income75/76B | - | - | €0 | - | €5 | - |
| Recurring financial income75 | - | - | €0 | - | €5 | - |
| Financial charges65/66B | €1,511 | €1,377 | €289 | €4,217 | €1,908 | ▼ 54.8% |
| Recurring financial charges65 | €1,511 | €1,377 | €289 | €4,217 | €1,908 | ▼ 54.8% |
| Profit (loss) for the period before taxes9903 | €2,786 | -€11,847 | €13,819 | €5,781 | €68,513 | ▲ 1,085% |
| Income taxes67/77 | €489 | €231 | €481 | €263 | €16,390 | ▲ 6,142% |
| Profit (loss) for the period9904 | €2,297 | -€12,079 | €13,338 | €5,518 | €52,122 | ▲ 845% |
| Profit (loss) for the period to be appropriated9905 | €2,297 | -€12,079 | €13,338 | €5,518 | €52,122 | ▲ 845% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265,258 | €259,403 | €294,383 | €262,886 | €296,267 | ▲ 12.7% |
| Fixed assets21/28 | €68,845 | €64,202 | €60,049 | €61,126 | €63,660 | ▲ 4.1% |
| Tangible fixed assets22/27 | €18,845 | €14,202 | €10,049 | €11,126 | €13,660 | ▲ 22.8% |
| Land and buildings22 | €15,868 | €12,389 | €8,910 | €7,128 | €10,595 | ▲ 48.6% |
| Plant, machinery and equipment23 | €2,002 | €1,571 | €1,139 | €3,998 | €3,065 | ▼ 23.3% |
| Furniture and vehicles24 | €975 | €243 | - | - | - | - |
| Financial fixed assets28 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €196,413 | €195,201 | €234,334 | €201,760 | €232,607 | ▲ 15.3% |
| Amounts receivable within one year40/41 | €84,700 | €90,750 | €116,160 | €10,588 | €38,976 | ▲ 268% |
| Trade receivables40 | €84,700 | €90,750 | €116,160 | €10,588 | €13,976 | ▲ 32.0% |
| Other amounts receivable41 | - | - | - | - | €25,000 | - |
| Cash at bank and in hand54/58 | €111,713 | €103,869 | €117,567 | €190,539 | €192,970 | ▲ 1.3% |
| Deferred charges and accrued income490/1 | - | €582 | €607 | €633 | €662 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265,258 | €259,403 | €294,383 | €262,886 | €296,267 | ▲ 12.7% |
| Equity10/15 | €194,912 | €182,834 | €196,172 | €201,690 | €253,813 | ▲ 25.8% |
| Contributions10/11 | €38,592 | €38,592 | €42,451 | €38,592 | €38,592 | = |
| Capital10 | €38,592 | €38,592 | - | - | - | - |
| Issued capital100 | €38,592 | €38,592 | - | - | - | - |
| Reserves13 | €155,013 | €155,013 | €151,154 | €155,013 | €207,113 | ▲ 33.6% |
| Non-distributable reserves130/1 | €3,859 | €3,859 | - | - | - | - |
| Legal reserve130 | €3,859 | €3,859 | - | - | - | - |
| Distributable reserves133 | €151,154 | €151,154 | €151,154 | €155,013 | €207,113 | ▲ 33.6% |
| Profit (loss) carried forward14 | €1,307 | -€10,772 | €2,567 | €8,085 | €8,107 | ▲ 0.3% |
| Amounts payable17/49 | €70,346 | €76,569 | €98,211 | €61,195 | €42,455 | ▼ 30.6% |
| Amounts payable within one year42/48 | €70,346 | €76,569 | €98,211 | €57,092 | €40,656 | ▼ 28.8% |
| Trade debts44 | €3,296 | €2,177 | €1,245 | €2,237 | €4,218 | ▲ 88.5% |
| Suppliers440/4 | €3,296 | €2,177 | €1,245 | €2,237 | €4,218 | ▲ 88.5% |
| Taxes, remuneration and social security45 | €12,220 | €18,707 | €41,312 | €1,765 | €14,620 | ▲ 728% |
| Taxes450/3 | €8,320 | €1,957 | €6,562 | €1,765 | €13,120 | ▲ 643% |
| Remuneration and social security454/9 | €3,900 | €16,750 | €34,750 | - | €1,500 | - |
| Other amounts payable47/48 | €54,831 | €55,686 | €55,654 | €53,090 | €21,818 | ▼ 58.9% |
| Accrued charges and deferred income492/3 | - | - | - | €4,103 | €1,798 | ▼ 56.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,297 | -€12,079 | €13,338 | €5,518 | €52,122 | ▲ 845% |
| + Depreciation and write-downs630 | €1,164 | €4,643 | €4,153 | €2,330 | €3,307 | ▲ 41.9% |
| Operating cash flow (approximation) | €3,461 | -€7,436 | €17,491 | €7,848 | €55,430 | ▲ 606% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,406 | -€5,842 | ▼ 71.5% |
| Change in cash | - | -€7,844 | €13,698 | €72,972 | €2,431 | ▼ 96.7% |
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
01-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Equity above €200,000Eq €201,690 ▲2.8%
2 profitable years in a row build equity to €201,690.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €13,338
Net result €13,338 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,297
Net result €2,297 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€32,182
Net result drops to -€32,182, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
Show earlier events
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
05-10
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
Financial milestoneState Gazette actNBB 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, Willebroek · 1 establishment unit since 1997
Ground area
833 m²
Building footprint
163 m²
Volume, LiDAR
2 m³
Parcel 12342B0591/00K005, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Smederijstraat 36, 2830 Willebroek
since 19972.080.436.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342B0591/00K005 | Flanders | 833 m² | 1 · 163 m² | 0.2 m |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of ITS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
64 locations
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,576. 1,801 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
Founded13-02-1997
Fiscal year end31-12
Trade name NL
Global Talent Sourcers
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459930151
Also
9925:BE0459930151
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.