ITW ADDITIVES International
The computed 12-month bankruptcy probability of ITW ADDITIVES International is 0.1% (very low). The 2024 annual accounts show equity of €15.21M and a net result of €4.17M. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 95 sector peers (fiscal year 2024). The company has been active since 1958 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €15.21M |
| Net result | €4.17M |
| Staff (FTE) | 37.3 |
| Better than sector | 86% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.7% | 23.0% | |
| Net result | €4.17M | €20 | |
| Equity | €15.21M | €39k | |
| Staff costs | €4.69M | €461k | |
| Employees (FTE) | 37.3 | 15.4 |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €30.45M |
| EBITDA | €6.95M |
| Net profit | €4.17M |
| Cash flow | €5.94M |
| Staff costs | €4.69M |
| Income taxes | €1.41M |
| Dividends | - |
| Total assets | €19.33M |
| Equity | €15.21M |
| Debt | €4.12M |
| of which ≤ 1y | €3.29M |
| of which > 1y | - |
| Working capital | €15.11M |
| Employees (FTE) | 37.3 |
| 2024 | |
|---|---|
| Current ratio | 5.59 |
| Quick ratio | 4.71 |
| Working capital ratio | 78.2% |
| Solvency | 78.7% |
| Debt / equity | 0.27 |
| Long-term debt ratio | - |
| Interest coverage | 417.82 |
| Gross margin | 60.0% |
| Net margin | 13.7% |
| ROA | 21.6% |
| ROE | 27.4% |
| EBITDA margin | 22.8% |
| Days sales outstanding | 49d |
| Days payable outstanding | 74d |
| Inventory turnover | 4.23 |
| Days inventory (DSI) | 86d |
Full annual accounts (25 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €19.33M |
| Fixed assets | 21/28 | €927k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €918k |
| Financial fixed assets | 28 | €9k |
| Current assets | 29/58 | €18.40M |
| Stocks & contracts in progress | 3 | €2.88M |
| Amounts receivable within one year | 40/41 | €4.46M |
| Cash & bank | 54/58 | €11.06M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19.33M |
| Equity | 10/15 | €15.21M |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €408k |
| Accumulated profits (losses) | 14 | €14.74M |
| Amounts payable | 17/49 | €4.12M |
| Amounts payable within one year | 42/48 | €3.29M |
| Trade debts payable within one year | 44 | €2.47M |
| Income statement | ||
| Turnover | 70 | €30.45M |
| Operating result | 9901 | €5.19M |
| Financial income | 75 | €593k |
| Financial charges | 65 | €199k |
| Result before taxes | 9903 | €5.58M |
| Income taxes | 67/77 | €1.41M |
| Net result for the period | 9904 | €4.17M |
| Result to be appropriated | 9905 | €4.17M |
| NACE primary | Vervaardiging van andere chemische producten, neg(20590) |
| Legal form | Private limited company(610) |
| Incorporation | 08-07-1958 |
| Status | Active |
| Postal code | 9100 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1818/00D000 | Flanders | 1.9 ha | 1 · 8,530 m² | 10.1 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-05-2025 2 directors appointed, 1 resigning
- David RICHELLE, Algemeen beheerder
- David RICHELLE, Algemeen beheerder
- Deloitte Bedrijfsrevisoren BV, Commissaris
Technical details
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{
"kind": "commissaris_revocation",
"role": "commissaris",
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"name": "Deloitte Bedrijfsrevisoren BV",
"address": "Gateway building! Luchthaven Brussel Nationaal 1J, B-1930 Zaventem",
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},
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"effective_date": "2024-01-01",
"evidence_quote": "De commissaris van de Vennootschap, Deloitte Bedrijfsrevisoren BV, met zetel te Gateway building! Luchthaven Brussel Nationaal 1J, B-1930 Zaventem, heeft aan de Vennootschap laten weten dat haar vaste vertegenwoordiger, met name Sofian Milad (A02547), zal worden vervangen door Ken Vanderstraeten (A0",
"decharge_status": null,
"mandate_duration": {
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{
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"name": "Fieldfisher (Belgium) LLP",
"address": "1040 Brussel, Louis Schmidtlaan 29/15",
"country": "BE",
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},
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"evidence_quote": "De aandeelhouders beslissen om een volmacht te verlenen aan elke advocaat van Fieldfisher (Belgium) LLP waarvan de zetel gevestigd is te 1040 Brussel, Louis Schmidtlaan 29/15",
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"via_org": {
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"name": "corpoconsultSrl",
"address": "1050 Brussel, Louizalaan 200 bus 21",
"country": "BE",
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},
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"evidence_quote": "De aandeelhouders beslissen om een volmacht te verlenen aan elke advocaat van Fieldfisher (Belgium) LLP waarvan de zetel gevestigd is te 1040 Brussel, Louis Schmidtlaan 29/15, evenals aan corpoconsultSrl, waarvan de zetel gevestigd is te 1050 Brussel, Louizalaan 200 bus 21",
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],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-05-02",
"filing_date": "2025-04-23",
"act_kind_objet": "WIJZIGING VAN DE VERTEGENWOORDIGER VAN DE COMMISSARIS"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-04-11",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0404.615.605",
"name_full": "ITW ADDITIVES International",
"legal_form": "BESLOTEN VENNOOTSCHAP"
},
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"person_role_at_subject": "Bijzonder gevolmachtigde"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | ITW ADDITIVES International |
| AbbreviationNL | ITW ADDITIVES INTL |