ITS Plus
ActiveSummary
ITS Plus has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,425 and a net result of €215,905. Equity is growing by ~64.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency62▼-36
Growth78=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 3.24 in 2024; short-term debt: 55% and cash: 16.3% of total assets), and 62.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37.3%
Return on assets
36.5%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
28 d early
2022
31 d early
2021
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€220,425▼ 38.5%
2024 · €358,167
Total assets
€591,542▲ 20.7%
2024 · €489,946
Net result
€215,905▲ 40.5%
2024 · €153,647
Working capital
€136,838▼ 53.5%
2024 · €294,398
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
Line20212022202320242025
Operating result€94,648-€82,691▼ 12.6%€117,321▲ 41.9%€201,841▲ 72.0%€286,274▲ 41.8%
Net result€67,579-€56,536▼ 16.3%€77,406▲ 36.9%€153,647▲ 98.5%€215,905▲ 40.5%
Equity€70,579-€127,115▲ 80.1%€204,520▲ 60.9%€358,167▲ 75.1%€220,425▼ 38.5%
Total assets€338,772-€449,738▲ 32.8%€396,032▼ 11.9%€489,946▲ 23.7%€591,542▲ 20.7%
Debt€268,193-€322,624▲ 20.3%€191,512▼ 40.6%€131,779▼ 31.2%€371,116▲ 182%
Working capital€22,394-€77,398▲ 246%€142,364▲ 83.9%€294,398▲ 107%€136,838▼ 53.5%
Staff (FTE)2.4-2.7▲ 12.5%3.2▲ 18.5%3.7▲ 15.6%5.1▲ 37.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €591,542
Fixed assets
€129,548 ▲ 103%
Current assets
€461,994 ▲ 8.4%
Equity and liabilities €591,542
Equity
€220,425 ▼ 38.5%
Debt
€371,116 ▲ 182%
Debt's share of the balance-sheet total rises from 26.9% to 62.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€302,586▲
2024 · €219,152
Cash flow
€232,218▲
2024 · €170,957
Current ratio
1.42▼
2024 · 3.24
Quick ratio
0.84▼
2024 · 1.93
Debt to equity
1.68▲
2024 · 0.37
ROE
97.9%▲
2024 · 42.9%
ROA
36.5%▲
2024 · 31.4%
Interest coverage
376.82▼
2024 · 981.69
Debt ≤ 1 year
€325,156▲
2024 · €131,605
Debt > 1 year
€45,950▲
2024 · €0
Income taxes
€72,527▲
2024 · €49,813
Staff costs
€186,517▲
2024 · €141,792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €82,770 | €108,382 | €127,204 | €141,792 | €186,517 | ▲ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,741 | €14,172 | €15,468 | €17,311 | €16,313 | ▼ 5.8% |
| Other operating charges640/8 | €3,847 | €2,846 | €5,864 | €5,819 | €1,651 | ▼ 71.6% |
| Gross operating margin9900 | €191,006 | €208,092 | €265,857 | €366,762 | €490,755 | ▲ 33.8% |
| Operating profit (loss)9901 | €94,648 | €82,691 | €117,321 | €201,841 | €286,274 | ▲ 41.8% |
| Financial income75/76B | €51 | €609 | €3,356 | €1,842 | €2,962 | ▲ 60.8% |
| Recurring financial income75 | €51 | €609 | €3,356 | €1,842 | €2,962 | ▲ 60.8% |
| Financial charges65/66B | €721 | €3,484 | €8,630 | €223 | €803 | ▲ 260% |
| Recurring financial charges65 | €721 | €3,484 | €8,630 | €223 | €803 | ▲ 260% |
| Profit (loss) for the period before taxes9903 | €93,979 | €79,816 | €112,046 | €203,460 | €288,432 | ▲ 41.8% |
| Income taxes67/77 | €26,400 | €23,280 | €34,640 | €49,813 | €72,527 | ▲ 45.6% |
| Profit (loss) for the period9904 | €67,579 | €56,536 | €77,406 | €153,647 | €215,905 | ▲ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €67,579 | €56,536 | €77,406 | €153,647 | €215,905 | ▲ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €338,772 | €449,738 | €396,032 | €489,946 | €591,542 | ▲ 20.7% |
| Fixed assets21/28 | €62,538 | €73,694 | €64,439 | €63,943 | €129,548 | ▲ 103% |
| Tangible fixed assets22/27 | €62,538 | €73,694 | €64,439 | €63,943 | €129,548 | ▲ 103% |
| Plant, machinery and equipment23 | - | - | - | - | €2,521 | - |
| Furniture and vehicles24 | €49,043 | €40,176 | €28,293 | €21,100 | €77,598 | ▲ 268% |
| Other tangible fixed assets26 | €13,495 | €33,518 | €36,146 | €42,843 | €49,428 | ▲ 15.4% |
| Current assets29/58 | €276,234 | €376,044 | €331,593 | €426,003 | €461,994 | ▲ 8.4% |
| Stocks and contracts in progress3 | €157,238 | €175,386 | €162,390 | €171,387 | €189,090 | ▲ 10.3% |
| Stocks30/36 | €157,238 | €175,386 | €162,390 | €171,387 | €189,090 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €71,125 | €92,932 | €82,547 | €118,084 | €170,100 | ▲ 44.0% |
| Trade receivables40 | €70,125 | €92,684 | €82,299 | €113,402 | €152,267 | ▲ 34.3% |
| Other amounts receivable41 | €1,000 | €248 | €248 | €4,682 | €17,832 | ▲ 281% |
| Current investments50/53 | - | - | - | €70,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €46,620 | €104,996 | €80,827 | €62,165 | €96,131 | ▲ 54.6% |
| Deferred charges and accrued income490/1 | €1,250 | €2,729 | €5,829 | €4,367 | €6,674 | ▲ 52.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €338,772 | €449,738 | €396,032 | €489,946 | €591,542 | ▲ 20.7% |
| Equity10/15 | €70,579 | €127,115 | €204,520 | €358,167 | €220,425 | ▼ 38.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €67,579 | €124,115 | €201,520 | €355,167 | €217,425 | ▼ 38.8% |
| Distributable reserves133 | €67,579 | €124,115 | €201,520 | €355,167 | €217,425 | ▼ 38.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €268,193 | €322,624 | €191,512 | €131,779 | €371,116 | ▲ 182% |
| Amounts payable after more than one year17 | €14,353 | €8,290 | €2,095 | €0 | €45,950 | - |
| Financial debts170/4 | €14,353 | €8,290 | €2,095 | €0 | €45,950 | - |
| Amounts payable within one year42/48 | €253,840 | €298,646 | €189,229 | €131,605 | €325,156 | ▲ 147% |
| Current portion of amounts payable after more than one year42 | €5,935 | €6,063 | €6,195 | €2,095 | €15,754 | ▲ 652% |
| Trade debts44 | €25,945 | €41,452 | €83,566 | €54,110 | €50,199 | ▼ 7.2% |
| Suppliers440/4 | €25,945 | €41,452 | €83,566 | €54,110 | €50,199 | ▼ 7.2% |
| Advances received on contracts in progress46 | - | €135 | €1,502 | €607 | €210 | ▼ 65.4% |
| Taxes, remuneration and social security45 | €47,134 | €79,992 | €96,986 | €74,793 | €65,123 | ▼ 12.9% |
| Taxes450/3 | €38,623 | €67,452 | €79,000 | €60,252 | €47,458 | ▼ 21.2% |
| Remuneration and social security454/9 | €8,510 | €12,539 | €17,986 | €14,541 | €17,666 | ▲ 21.5% |
| Other amounts payable47/48 | €174,826 | €171,004 | €980 | €0 | €193,869 | - |
| Accrued charges and deferred income492/3 | - | €15,688 | €188 | €174 | €11 | ▼ 93.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,579 | €56,536 | €77,406 | €153,647 | €215,905 | ▲ 40.5% |
| + Depreciation and write-downs630 | €9,741 | €14,172 | €15,468 | €17,311 | €16,313 | ▼ 5.8% |
| Operating cash flow (approximation) | €77,320 | €70,708 | €92,874 | €170,957 | €232,218 | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | -€25,329 | -€6,213 | -€16,815 | -€81,917 | ▼ 387% |
| Change in cash | - | €58,376 | -€24,169 | -€18,662 | €33,965 | ▲ 282% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €215,905 ▲40.5%
Operating result €286,274, net result €215,905, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €204,520 ▲60.9%
3 profitable years in a row build equity to €204,520.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €56,536 ▼16.3%
Net result drops to €56,536, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €127,115 ▲80.1%
2 profitable years in a row build equity to €127,115.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lokeren · 1 establishment unit since 2021
Ground area
1,041 m²
Building footprint
241 m²
Parcel 46383D1165/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
ITS Plus
since 20212.311.942.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1165/00R000 | Flanders | 1,041 m² | 1 · 241 m² | - |
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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 3,222 companies in sector 47400 we hold annual accounts for 1,806. 1,337 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
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
95100Repair and maintenance of computers and communication equipment
Contact
Website
www.its-plus.be
E-mail
info@its-plus.be
Scores and ratios are computed by Checked and are not a credit decision.