Turnover
≈ €98,000 estimated
The micro format states no turnover.
ITSPA GROUP
Lifetime
1 annual account with figurespeak €20,890 (2025)
€20,890
peak €16,241 (2025)
€16,241
peak €19,241 (2025)
€19,241
€9,202
Board1 name since 2025
1 directorPAPISMEDOV, Yitzik
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Incorporation 06-111 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 71% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.90, cash €8,619
Figures for financial year 2025 (filed on 14-07-2026)
Equity €19,241 (67.6% 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 70, micro). It does better than 63% of them on solvency, 66% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 11,279 companies had the same profile as ITSPA GROUP has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ITSPA GROUP itself: < 0.1% within 12 months.
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 11,279 companies, not a prediction for ITSPA GROUP. 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 €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.9, above the usual 1.5. Short-term debt is 32.4% and cash 30.3% of total assets. 32.4% 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
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 14-07-2026, 17 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
17 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1029990837
Incorporation
Appointment: PAPISMEDOV, Yitzik (director) · Registered office clause: Belgiëlei 140 bus 05, 2018 Antwerpen · Founder: PAPISMEDOV, Yitzik · published on 06-11-2025 · Gazette deed
First establishment
Belgiëlei 140, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITSPA GROUP Antwerp | €28,443 | €20,890 | 67.6% | - |
| Skog Antwerp | €32,577 | €20,037 | 52.2% | - |
| DRIVAN Antwerp | €29,805 | €22,353 | 68.2% | - |
| MB Advisory Partners Antwerp | €27,260 | €16,424 | 47.9% | - |
| Qualitim Consulting Kontich | €29,002 | €19,227 | 59.8% | - |
| PEVEBE Projects Antwerp | €32,284 | €22,170 | 47.9% | - |
| Tomy Sun Putte | €33,008 | €20,346 | 63.5% | - |
These companies have the same main activity as ITSPA GROUP: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €27,300 and €33,000, founded in 2025.
Official details
Source: KBO- Status
- Active since 04-11-2025Normal situation
- Activity
- Business and other management consultancyNACE 70200and 5 others
- Establishment unit
- 2.380.478.4832018 Antwerp, since 04-11-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €28,443
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on ITSPA GROUP
ITSPA GROUP has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,241 and a net result of €16,241.
Its solvency ranks better than 63% of 39,342 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
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 ITSPA GROUP
- What is the company number of ITSPA GROUP?
- The company number of ITSPA GROUP is 1029.990.837. The VAT number is the same number with BE in front: BE 1029.990.837.
- Where is ITSPA GROUP based?
- The registered office is at Belgiëlei 140, 2018 Antwerp.Company details
- What does ITSPA GROUP do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ITSPA GROUP?
- ITSPA GROUP is a private limited company (BV).
- When was ITSPA GROUP founded?
- ITSPA GROUP was founded on 04-11-2025.
- Is ITSPA GROUP still active?
- Yes, ITSPA GROUP is an active enterprise in the KBO register.
- What is the turnover of ITSPA GROUP?
- The turnover in financial year 2025 is ≈ €98,000. This figure is estimated from the gross margin of €20,890 and 204 comparable companies (NACE 70200). It probably lies between €46,000 and €190,000. It is a rough estimate.Financials
- Is ITSPA GROUP profitable?
- In financial year 2025, ITSPA GROUP made a profit of €16,241.
- Where can I find the annual accounts of ITSPA GROUP?
- ITSPA GROUP filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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 Compare this company with its sector.Sector benchmark Estimate what this company is worth.Value indication
See how customers, suppliers and banks see your own company and what to improve first.