ITTE
ActiveThe file of ITTE contains 3 judicial reorganisation notices and 1 administrative flag, as published in the Belgian State Gazette.
Summary
For ITTE, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2023 annual accounts show equity of €643,182 and a net result of -€7,826. Equity is growing by ~9.8% per year across the filed fiscal years.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability78▼-4
Solvency91▲+3
Growth35▼-43
Track record52
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
66.3%
Return on assets
-0.8%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-04-2024, 111 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
111 d early
2022
255 d late
2021
277 d late
2020
642 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 219 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€10,670▼ 86.8%
2022 · €80,948
EBIT margin
-46.8%▼ 114.1pp
2022 · 67.3%
Net result
-€7,826
2022 · €37,550
Working capital
-€138,321▲ 8.9%
2022 · -€151,805
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
Line20192020202120222023
Turnover€80,948€10,670▼ 86.8%
Operating result€46,939▼ 47.5%€145,169▲ 209%€47,360▼ 67.4%€54,466▲ 15.0%-€4,995
Net result€177,085▲ 402%€106,875▼ 39.6%€31,721▼ 70.3%€37,550▲ 18.4%-€7,826
EBIT margin67.3%-46.8%▼ 114.1pp
Equity€474,862▲ 59.5%€581,737▲ 22.5%€613,459▲ 5.5%€651,009▲ 6.1%€643,182▼ 1.2%
Total assets€974,165▼ 1.9%€1.1m▲ 9.5%€1.0m▼ 2.5%€1.0m▼ 0.4%€970,659▼ 6.3%
Debt€499,302▼ 28.2%€462,663▼ 7.3%€404,046▼ 12.7%€362,464▼ 10.3%€304,985▼ 15.9%
Working capital-€180,883▲ 41.1%-€110,114▲ 39.1%-€234,740▼ 113%-€151,805▲ 35.3%-€138,321▲ 8.9%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4,995 after €54,466 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €970,659
Fixed assets
€947,541 ▼ 2.3%
Current assets
€23,118 ▼ 65.2%
Equity and liabilities €970,659
Equity
€643,182 ▼ 1.2%
Provisions
€22,493 =
Debt
€304,985 ▼ 15.9%
Debt's share of the balance-sheet total falls from 35.0% to 31.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,017▼
2022 · €75,857
Cash flow
€14,186▼
2022 · €58,941
Current ratio
0.14▼
2022 · 0.30
Debt to equity
0.47▼
2022 · 0.56
ROE
-1.2%▼
2022 · 5.8%
ROA
-0.8%▼
2022 · 3.6%
Interest coverage
6.01▼
2022 · 18.31
Debt ≤ 1 year
€161,439▼
2022 · €218,216
Debt > 1 year
€143,546▼
2022 · €144,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €80,948 | €10,670 | ▼ 86.8% |
| Non-recurring operating income76A | - | - | - | €5,750 | €29,446 | ▲ 412% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €10,191 | €22,808 | ▲ 124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,954 | €14,439 | €17,911 | €21,391 | €22,013 | ▲ 2.9% |
| Other operating charges640/8 | - | €678 | €730 | €650 | €290 | ▼ 55.4% |
| Gross operating margin9900 | €69,436 | €160,287 | €66,000 | €76,507 | €17,307 | ▼ 77.4% |
| Operating profit (loss)9901 | €46,939 | €145,169 | €47,360 | €54,466 | -€4,995 | ▼ 109% |
| Recurring financial income75 | €150,000 | - | - | - | - | - |
| Financial charges65/66B | - | €10,942 | €3,864 | €4,143 | €2,831 | ▼ 31.7% |
| Recurring financial charges65 | €11,770 | €10,942 | €3,864 | €4,143 | €2,831 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | €185,170 | €134,228 | €43,496 | €50,323 | -€7,826 | ▼ 116% |
| Transfer to deferred taxes680 | - | €22,493 | - | - | - | - |
| Income taxes67/77 | €8,085 | €4,860 | €11,774 | €12,773 | - | - |
| Profit (loss) for the period9904 | €177,085 | €106,875 | €31,721 | €37,550 | -€7,826 | ▼ 121% |
| Transfer to tax-exempt reserves689 | - | €89,970 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €177,085 | €16,905 | €31,721 | €37,550 | -€7,826 | ▼ 121% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €974,165 | €1.1m | €1.0m | €1.0m | €970,659 | ▼ 6.3% |
| Fixed assets21/28 | €937,024 | €928,113 | €1.0m | €969,554 | €947,541 | ▼ 2.3% |
| Tangible fixed assets22/27 | €287,891 | €278,979 | €365,806 | €320,421 | €298,408 | ▼ 6.9% |
| Land and buildings22 | - | €278,979 | €365,806 | €320,421 | €298,408 | ▼ 6.9% |
| Financial fixed assets28 | €649,133 | €649,133 | €649,133 | €649,133 | €649,133 | = |
| Current assets29/58 | €37,140 | €138,780 | €25,058 | €66,411 | €23,118 | ▼ 65.2% |
| Amounts receivable within one year40/41 | €29,288 | €16,720 | €16,720 | €16,720 | €19,343 | ▲ 15.7% |
| Trade receivables40 | - | €395 | €395 | €395 | €32 | ▼ 92.0% |
| Other amounts receivable41 | - | €16,324 | €16,324 | €16,324 | €19,311 | ▲ 18.3% |
| Cash at bank and in hand54/58 | €6,761 | €122,060 | €8,339 | €49,691 | €3,776 | ▼ 92.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €974,165 | €1.1m | €1.0m | €1.0m | €970,659 | ▼ 6.3% |
| Equity10/15 | €474,862 | €581,737 | €613,459 | €651,009 | €643,182 | ▼ 1.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €91,829 | €91,829 | €91,829 | €91,829 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €89,970 | €89,970 | €89,970 | €89,970 | = |
| Profit (loss) carried forward14 | €454,411 | €471,316 | €503,038 | €540,588 | €532,761 | ▼ 1.4% |
| Provisions and deferred taxes16 | - | €22,493 | €22,493 | €22,493 | €22,493 | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | €22,493 | - |
| Pensions and similar obligations160 | - | - | - | - | €22,493 | - |
| Deferred taxes168 | - | €22,493 | €22,493 | €22,493 | - | - |
| Amounts payable17/49 | €499,302 | €462,663 | €404,046 | €362,464 | €304,985 | ▼ 15.9% |
| Amounts payable after more than one year17 | €281,279 | €213,769 | €144,248 | €144,248 | €143,546 | ▼ 0.5% |
| Financial debts170/4 | - | €213,769 | €144,248 | €144,248 | €143,546 | ▼ 0.5% |
| Amounts payable within one year42/48 | €218,023 | €248,894 | €259,798 | €218,216 | €161,439 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | - | €76,362 | €120,333 | €84,417 | €47,627 | ▼ 43.6% |
| Trade debts44 | €27,881 | €69,252 | €39,582 | €7,208 | - | - |
| Suppliers440/4 | - | €69,252 | €39,582 | €7,208 | - | - |
| Taxes, remuneration and social security45 | - | €4,820 | €16,594 | €29,367 | €29,367 | = |
| Taxes450/3 | - | €4,820 | €16,594 | €29,367 | €29,367 | = |
| Other amounts payable47/48 | - | €98,461 | €83,289 | €97,223 | €84,445 | ▼ 13.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177,085 | €106,875 | €31,721 | €37,550 | -€7,826 | ▼ 121% |
| + Depreciation and write-downs630 | €14,954 | €14,439 | €17,911 | €21,391 | €22,013 | ▲ 2.9% |
| Operating cash flow (approximation) | €192,038 | €121,314 | €49,633 | €58,941 | €14,186 | ▼ 75.9% |
| Investment in fixed assets (approximation) | - | -€5,527 | -€104,737 | €23,994 | €0 | ▼ 100% |
| Change in cash | - | €115,299 | -€113,721 | €41,353 | -€45,916 | ▼ 211% |
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
2026
11-05
Judicial reorganisation
Reorganisation plan revoked
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 05-05-2026
09-03
KBO administration
Address struck
Grote Heerweg 312 L’adresse du siège Grote Heerweg 312 8792 Die Sitzadresse Grote Heerweg 312 8792
8792 Waregem werd doorgehaald met ingang Waregem · event 22-02-2026
2025
19-02
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 11-02-2025
2024
19-11
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 12-11-2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 255 days late
2023
31-12
Financial
Weakest financial yearnet -€7,826
Net result drops to -€7,826, the lowest in the series.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 277 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 642 days late
2020
31-12
Financial
Equity above €500,000Eq €581,737 ▲22.5%
3 profitable years in a row build equity to €581,737.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €177,085 ▲402%
Net result €177,085, the highest in the series.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
SignalFinancial 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, Waregem
Ground area
314 m²
Building footprint
177 m²
Volume, LiDAR
1,053 m³
Parcel 34010A0066/00R000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0066/00R000 | Flanders | 314 m² | 1 · 177 m² | 11.6 m · 2 fl. |
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 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the 2021 annual accounts of ITTE 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
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-09-2001
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.