ITUNI
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549715.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 7 filings
Turnover
≈ €50,000
Estimated: probably between €24,000 and €98,000
Total assets
€182,110▼ 6.5%
2024 · €194,741
Net result
-€12,808▲ 88.0%
2024 · -€106,910
Working capital
€75,312▲ 1.0%
2024 · €74,591
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€15,709
▲ 85.4%
2025
20192025
Net result
-€12,808
▲ 88.0%
2025
lowest quarter of the sector
20192025
Equity
€80,533
▼ 13.7%
2025
middle half of the sector
20192025
Total assets
€182,110
▼ 6.5%
2025
middle half of the sector
20192025
Debt
€101,576
▲ 0.2%
2025
20192025
Working capital
€75,312
▲ 1.0%
2025
middle half of the sector
20192025
Solvency
44.2%
▼ 3.7pp
2025
middle half of the sector
20192025
Current ratio
1.76
▼ 0.04
2025
middle half of the sector
20192025
Return on assets (ROA)
-7.0%
▲ 47.9pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€129,331-€73,135▼ 43.5%€47,738▼ 34.7%€33,803▼ 29.2%€36,010▲ 6.5%-€107,582-€15,709▲ 85.4%
Net result€99,134-€58,482above the sector's middle half▼ 41.0%€36,550within the sector's middle half▼ 37.5%€24,508within the sector's middle half▼ 32.9%€27,377within the sector's middle half▲ 11.7%-€106,910below the sector's middle half-€12,808below the sector's middle half▲ 88.0%
Equity€53,334-€111,816within the sector's middle half▲ 110%€148,366within the sector's middle half▲ 32.7%€172,874above the sector's middle half▲ 16.5%€200,251above the sector's middle half▲ 15.8%€93,342within the sector's middle half▼ 53.4%€80,533within the sector's middle half▼ 13.7%
Total assets€151,065-€173,080within the sector's middle half▲ 14.6%€188,695within the sector's middle half▲ 9.0%€359,926above the sector's middle half▲ 90.7%€538,425above the sector's middle half▲ 49.6%€194,741within the sector's middle half▼ 63.8%€182,110within the sector's middle half▼ 6.5%
Debt€97,731-€61,264▼ 37.3%€40,329▼ 34.2%€187,052▲ 364%€338,174▲ 80.8%€101,399▼ 70.0%€101,576▲ 0.2%
Working capital€49,334-€31,070within the sector's middle half▼ 37.0%€83,589within the sector's middle half▲ 169%€107,575within the sector's middle half▲ 28.7%€160,647above the sector's middle half▲ 49.3%€74,591within the sector's middle half▼ 53.6%€75,312within the sector's middle half▲ 1.0%
Solvency35.3%-64.6%within the sector's middle half▲ 29.3pp78.6%within the sector's middle half▲ 14.0pp48.0%within the sector's middle half▼ 30.6pp37.2%within the sector's middle half▼ 10.8pp47.9%within the sector's middle half▲ 10.7pp44.2%within the sector's middle half▼ 3.7pp
Current ratio1.52-1.54within the sector's middle half▲ 0.023.26within the sector's middle half▲ 1.721.59within the sector's middle half▼ 1.671.49within the sector's middle half▼ 0.101.80within the sector's middle half▲ 0.311.76within the sector's middle half▼ 0.04
Return on assets (ROA)65.6%-33.8%above the sector's middle half▼ 31.8pp19.4%within the sector's middle half▼ 14.4pp6.8%within the sector's middle half▼ 12.6pp5.1%within the sector's middle half▼ 1.7pp-54.9%below the sector's middle half▼ 60.0pp-7.0%below the sector's middle half▲ 47.9pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €15,709, smaller than the loss of €107,582 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182,110
Fixed assets
€7,221 ▼ 73.0%
Current assets
€174,888 ▲ 4.1%
Equity and liabilities €182,110
Equity
€80,533 ▼ 13.7%
Debt
€101,576 ▲ 0.2%
Debt's share of the balance-sheet total rises from 52.1% to 55.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,820▲
2024 · -€81,022
Cash flow
€6,721▲
2024 · -€80,350
Debt to equity
1.26▲
2024 · 1.09
ROE
-15.9%▲
2024 · -114.5%
Interest coverage
1.34▲
2024 · -15.31
Debt ≤ 1 year
€99,576▲
2024 · €93,399
Income taxes
€205▼
2024 · €1,888
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,593 | €23,122 | €4,228 | €4,206 | - |
| Depreciation and write-downs of the year | €20,962 | €21,448 | €24,923 | €26,560 | €19,529 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,287 | €9,168 | €20,962 | €21,448 | €24,923 | €26,560 | €19,529 | ▼ 26.5% |
| Other operating charges640/8 | - | - | €483 | €505 | €3,849 | €6,462 | €5,512 | ▼ 14.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €58 | - | - |
| Gross operating margin9900 | €132,965 | €82,804 | €69,183 | €55,756 | €64,782 | -€74,503 | €9,332 | - |
| Operating profit (loss)9901 | €129,331 | €73,135 | €47,738 | €33,803 | €36,010 | -€107,582 | -€15,709 | ▲ 85.4% |
| Financial income75/76B | - | - | €689 | €1,416 | €4,325 | €7,852 | €5,960 | ▼ 24.1% |
| Recurring financial income75 | €803 | €2,921 | €689 | €1,416 | €4,325 | €7,852 | €5,960 | ▼ 24.1% |
| Financial charges65/66B | - | - | €265 | €104 | €453 | €5,292 | €2,854 | ▼ 46.1% |
| Recurring financial charges65 | €300 | €315 | €265 | €104 | €453 | €5,292 | €2,854 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | €129,834 | €75,742 | €48,162 | €35,114 | €39,883 | -€105,022 | -€12,603 | ▲ 88.0% |
| Income taxes67/77 | €30,700 | €17,260 | €11,612 | €10,606 | €12,506 | €1,888 | €205 | ▼ 89.1% |
| Profit (loss) for the period9904 | €99,134 | €58,482 | €36,550 | €24,508 | €27,377 | -€106,910 | -€12,808 | ▲ 88.0% |
| Profit (loss) for the period to be appropriated9905 | €99,134 | €58,482 | €36,550 | €24,508 | €27,377 | -€106,910 | -€12,808 | ▲ 88.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €151,065 | €173,080 | €188,695 | €359,926 | €538,425 | €194,741 | €182,110 | ▼ 6.5% |
| Fixed assets21/28 | €6,848 | €84,493 | €68,125 | €69,799 | €49,105 | €26,750 | €7,221 | ▼ 73.0% |
| Tangible fixed assets22/27 | €6,848 | €84,493 | €68,125 | €69,799 | €49,105 | €26,750 | €7,221 | ▼ 73.0% |
| Furniture and vehicles24 | - | - | €68,125 | €69,008 | €46,700 | €23,400 | €4,268 | ▼ 81.8% |
| Other tangible fixed assets26 | - | - | - | €791 | €2,405 | €3,351 | €2,953 | ▼ 11.9% |
| Current assets29/58 | €144,217 | €88,586 | €120,570 | €290,127 | €489,320 | €167,990 | €174,888 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €81,616 | €42,217 | €44,825 | €173,417 | €369,401 | €166,241 | €161,396 | ▼ 2.9% |
| Trade receivables40 | - | - | €25,333 | €89,063 | €255,903 | €31,490 | €63,950 | ▲ 103% |
| Other amounts receivable41 | - | - | €19,492 | €84,355 | €113,498 | €134,751 | €97,446 | ▼ 27.7% |
| Cash at bank and in hand54/58 | €62,601 | €44,902 | €74,531 | €116,710 | €119,919 | €1,502 | €13,492 | ▲ 798% |
| Deferred charges and accrued income490/1 | - | - | €1,215 | - | - | €247 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €151,065 | €173,080 | €188,695 | €359,926 | €538,425 | €194,741 | €182,110 | ▼ 6.5% |
| Equity10/15 | €53,334 | €111,816 | €148,366 | €172,874 | €200,251 | €93,342 | €80,533 | ▼ 13.7% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €47,134 | €105,616 | €142,166 | €166,674 | €194,051 | €87,142 | €74,333 | ▼ 14.7% |
| Distributable reserves133 | - | - | €142,166 | €166,674 | €194,051 | €87,142 | €74,333 | ▼ 14.7% |
| Amounts payable17/49 | €97,731 | €61,264 | €40,329 | €187,052 | €338,174 | €101,399 | €101,576 | ▲ 0.2% |
| Amounts payable within one year42/48 | €94,883 | €57,516 | €36,982 | €182,552 | €328,674 | €93,399 | €99,576 | ▲ 6.6% |
| Trade debts44 | €1,342 | €4,366 | €9,718 | €140,620 | €264,959 | €31,556 | €98,488 | ▲ 212% |
| Suppliers440/4 | - | - | €9,718 | €140,620 | €264,959 | €31,556 | €98,488 | ▲ 212% |
| Taxes, remuneration and social security45 | - | - | €27,264 | €41,932 | €63,715 | €61,844 | €1,088 | ▼ 98.2% |
| Taxes450/3 | - | - | €22,038 | €41,932 | €63,715 | €61,844 | €1,088 | ▼ 98.2% |
| Remuneration and social security454/9 | - | - | €5,226 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,348 | €4,500 | €9,500 | €8,000 | €2,000 | ▼ 75.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,134 | €58,482 | €36,550 | €24,508 | €27,377 | -€106,910 | -€12,808 | ▲ 88.0% |
| + Depreciation and write-downs630 | €3,287 | €9,168 | €20,962 | €21,448 | €24,923 | €26,560 | €19,529 | ▼ 26.5% |
| Operating cash flow (approximation) | €102,421 | €67,650 | €57,512 | €45,956 | €52,300 | -€80,350 | €6,721 | - |
| Investment in fixed assets (approximation) | - | -€86,814 | -€4,593 | -€23,122 | -€4,228 | -€4,206 | €0 | - |
| Change in cash | - | -€17,700 | €29,629 | €42,179 | €3,209 | -€118,417 | €11,990 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,440 companies had the same profile as ITUNI has now. Two years later, 90.0% were still going and 2.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
90.0%
was still going
7.4%
stopped otherwise
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITUNI itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,440 companies, not a prediction for ITUNI. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00549715 | |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538903 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00504055 | |
| 31-12-2022 | micro format | 08-10-2024 | 2024-00503798 | |
| 31-12-2021 | micro format | 28-10-2022 | 2022-20475689 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65900416 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59800005 |