ITSTW
ActiveSummary
ITSTW has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €9k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+1
Solvency56▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.9 in 2024; short-term debt: 52.3% and cash: 5.8% of total assets), and 69.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
30.8%
Return on assets
3.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-08-2025, 168 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
168 d early
2024
32 d early
2023
45 d early
2022
42 d early
2021
76 d early
2020
11 d early
2019
27 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▲ 12.0%
2024 · €79k
Total assets
€287k▲ 4.2%
2024 · €275k
Net result
€9k▲ 26.3%
2024 · €8k
Working capital
€-40k▼ 179%
2024 · €-14k
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€30k▲ 254%€2k▼ 93.8%€-55€7k€16k▲ 117%
Net result€35k▲ 387%€-775€-3k▼ 250%€8k€9k▲ 26.3%
Equity€88k▲ 64.4%€74k▼ 16.0%€71k▼ 3.7%€79k▲ 10.5%€88k▲ 12.0%
Total assets€226k▲ 25.0%€215k▼ 4.9%€206k▼ 4.2%€275k▲ 33.6%€287k▲ 4.2%
Debt€138k▲ 8.4%€141k▲ 2.2%€135k▼ 4.5%€196k▲ 45.9%€198k▲ 1.0%
Working capital€9k▼ 54.9%€-5k€6k€-14k€-40k▼ 179%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 117% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287k
Fixed assets
€176k ▲ 15.3%
Current assets
€110k ▼ 9.7%
Equity and liabilities €287k
Equity
€88k ▲ 12.0%
Debt
€198k ▲ 1.0%
Debt's share of the balance-sheet total falls from 71.3% to 69.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €37k
Cash flow
€36k▼
2024 · €37k
Current ratio
0.74▼
2024 · 0.90
Quick ratio
0.62▼
2024 · 0.65
Debt to equity
2.24▼
2024 · 2.49
ROE
10.7%▲
2024 · 9.5%
ROA
3.3%▲
2024 · 2.7%
Interest coverage
15.27▲
2024 · 12.00
Debt ≤ 1 year
€150k▲
2024 · €137k
Debt > 1 year
€48k▼
2024 · €60k
Income taxes
€3k▲
2024 · €2k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €28k | €20k | €30k | €27k | ▼ 10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-4k | €640 | €-258 | €33k | ▲ 12,949% |
| Other operating charges640/8 | - | €5k | €2k | €1k | €4k | ▲ 169% |
| Non-recurring operating charges66A | - | €3k | €2k | - | - | - |
| Gross operating margin9900 | €61k | €33k | €24k | €38k | €79k | ▲ 107% |
| Operating profit (loss)9901 | €30k | €2k | €-55 | €7k | €16k | ▲ 117% |
| Financial income75/76B | - | €137 | €12 | €5k | €26 | ▼ 99.5% |
| Recurring financial income75 | €107 | €137 | €12 | €5k | €26 | ▼ 99.5% |
| Financial charges65/66B | - | €2k | €2k | €3k | €3k | ▼ 10.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | €3k | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €35k | €36 | €-2k | €10k | €13k | ▲ 34.4% |
| Income taxes67/77 | €159 | €810 | €748 | €2k | €3k | ▲ 64.7% |
| Profit (loss) for the period9904 | €35k | €-775 | €-3k | €8k | €9k | ▲ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €15k | €-775 | €-3k | €8k | €9k | ▲ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226k | €215k | €206k | €275k | €287k | ▲ 4.2% |
| Fixed assets21/28 | €157k | €148k | €126k | €153k | €176k | ▲ 15.3% |
| Tangible fixed assets22/27 | €157k | €137k | €126k | €153k | €176k | ▲ 15.3% |
| Land and buildings22 | - | €111k | €111k | €105k | €120k | ▲ 15.2% |
| Plant, machinery and equipment23 | - | €6k | €4k | €4k | €21k | ▲ 447% |
| Furniture and vehicles24 | - | €20k | €11k | €45k | €35k | ▼ 21.9% |
| Financial fixed assets28 | - | €12k | - | - | - | - |
| Current assets29/58 | €69k | €67k | €80k | €122k | €110k | ▼ 9.7% |
| Stocks and contracts in progress3 | €5k | €26k | €33k | €33k | €18k | ▼ 47.2% |
| Stocks30/36 | - | €26k | €33k | €33k | €18k | ▼ 47.2% |
| Amounts receivable within one year40/41 | €56k | €41k | €43k | €80k | €76k | ▼ 5.6% |
| Trade receivables40 | - | €39k | €36k | €71k | €66k | ▼ 6.2% |
| Other amounts receivable41 | - | €2k | €7k | €10k | €9k | ▼ 1.1% |
| Cash at bank and in hand54/58 | €8k | €464 | €4k | €9k | €17k | ▲ 91.4% |
| Deferred charges and accrued income490/1 | - | - | €27 | €243 | €619 | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226k | €215k | €206k | €275k | €287k | ▲ 4.2% |
| Equity10/15 | €88k | €74k | €71k | €79k | €88k | ▲ 12.0% |
| Contributions10/11 | - | €19k | €19k | €20k | €20k | = |
| Reserves13 | €26k | €7k | €7k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €43k | €49k | €46k | €54k | €63k | ▲ 17.7% |
| Amounts payable17/49 | €138k | €141k | €135k | €196k | €198k | ▲ 1.0% |
| Amounts payable after more than one year17 | €78k | €69k | €61k | €60k | €48k | ▼ 19.2% |
| Financial debts170/4 | - | €69k | €61k | €60k | €48k | ▼ 19.2% |
| Amounts payable within one year42/48 | €60k | €71k | €73k | €137k | €150k | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €29k | €11k | ▼ 59.8% |
| Trade debts44 | €21k | €27k | €38k | €77k | €111k | ▲ 43.7% |
| Suppliers440/4 | - | €27k | €38k | €77k | €111k | ▲ 43.7% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €2k | €3k | ▲ 64.7% |
| Taxes450/3 | - | €810 | €2k | €2k | €3k | ▲ 64.7% |
| Remuneration and social security454/9 | - | €1k | - | - | - | - |
| Other amounts payable47/48 | - | €34k | €26k | €29k | €24k | ▼ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €-775 | €-3k | €8k | €9k | ▲ 26.3% |
| + Depreciation and write-downs630 | €29k | €28k | €20k | €30k | €27k | ▼ 10.9% |
| Operating cash flow (approximation) | €64k | €27k | €17k | €37k | €36k | ▼ 3.5% |
| Investment in fixed assets (approximation) | - | €-19k | €2k | €-56k | €-50k | ▲ 11.3% |
| Change in cash | - | €-8k | €3k | €5k | €8k | ▲ 55.0% |
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
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
2023
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €35k ▲387%
Operating result €30k, net result €35k, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Morlanwelz · 2 establishment units since 2014
Ground area
960 m²
Building footprint
194 m²
Volume, LiDAR
1,911 m³
2 parcels, Wallonia · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ITSTW
since 20142.232.810.534
Wifi-Access
since 20212.324.758.418
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56015C0181/00H003 | Wallonia | 810 m² | 1 · 45 m² | - |
| 52027A0451/00T000 | Wallonia | 150 m² | 1 · 149 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,576 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
Founded17-07-2014
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46190Agents in non-specialised wholesale trade
62900Other information technology and computer services
63910Web portal activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
Phone
0483/465 130Chapelle-lez-Herlaimont
Scores and ratios are computed by Checked and are not a credit decision.