ITZU Training
ActiveSummary
ITZU Training has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.8m and a net result of €415,387. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+34
Solvency53▲+4
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.83 in 2023; short-term debt: 53% and cash: 2.6% of total assets), and 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.4%
Return on assets
6.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
85 d late
2022
71 d late
2021
46 d late
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Hasselt, Education sector#3 company by equity in Hasselt, Education sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€5.2m▲ 26.5%
2023 · €4.1m
EBIT margin
11.9%▲ 11.6pp
2023 · 0.3%
Net result
€415,387▲ 198%
2023 · €139,479
Working capital
-€581,534▼ 14.3%
2023 · -€508,572
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€4.1m€5.2m▲ 26.5%
Operating result€611,983▲ 1,781%€866,837▲ 41.6%€927,234▲ 7.0%€13,506▼ 98.5%€615,859▲ 4,460%
Net result€455,044▲ 2,423%€648,847above the sector's middle half▲ 42.6%€632,171above the sector's middle half▼ 2.6%€139,479above the sector's middle half▼ 77.9%€415,387above the sector's middle half▲ 198%
EBIT margin0.3%11.9%▲ 11.6pp
Equity€498,081▲ 128%€559,928within the sector's middle half▲ 12.4%€1.3mwithin the sector's middle half▲ 130%€1.4mabove the sector's middle half▲ 10.8%€1.8mabove the sector's middle half▲ 28.8%
Total assets€1.1m▲ 20.0%€1.6mwithin the sector's middle half▲ 46.6%€6.5mabove the sector's middle half▲ 300%€6.0mabove the sector's middle half▼ 7.5%€6.5mabove the sector's middle half▲ 7.7%
Debt€704,875=€1.1m▲ 50.9%€5.2m▲ 390%€4.6m▼ 12.0%€4.6m▲ 1.2%
Working capital€426,434▲ 76.9%€532,827within the sector's middle half▲ 24.9%-€26,813below the sector's middle half-€508,572below the sector's middle half▼ 1,797%-€581,534below the sector's middle half▼ 14.3%
Solvency45.0%▲ 21.4pp34.5%below the sector's middle half▼ 10.5pp19.8%below the sector's middle half▼ 14.7pp23.7%within the sector's middle half▲ 3.9pp28.4%within the sector's middle half▲ 4.6pp
Current ratio1.66▲ 0.291.52below the sector's middle half▼ 0.140.99below the sector's middle half▼ 0.530.83below the sector's middle half▼ 0.160.83below the sector's middle half=
Return on assets (ROA)41.1%▲ 39.1pp40.0%above the sector's middle half▼ 1.1pp9.7%above the sector's middle half▼ 30.2pp2.3%within the sector's middle half▼ 7.4pp6.4%within the sector's middle half▲ 4.1pp
Staff (FTE)2.5▲ 25.0%3.6below the sector's middle half▲ 44.0%17.5within the sector's middle half▲ 386%8.5within the sector's middle half▼ 51.4%12.6within the sector's middle half▲ 48.2%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -78%, Staff (FTE) -51% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4,460% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.5m
Fixed assets
€3.6m ▲ 4.8%
Current assets
€2.8m ▲ 11.8%
Equity and liabilities €6.5m
Equity
€1.8m ▲ 28.8%
Debt
€4.6m ▲ 1.2%
Debt's share of the balance-sheet total falls from 76.3% to 71.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€714,216▲
2023 · €99,648
Cash flow
€513,743▲
2023 · €225,621
Debt to equity
2.53▼
2023 · 3.21
ROE
22.6%▲
2023 · 9.8%
Interest coverage
19.41▲
2023 · 3.10
Debt ≤ 1 year
€3.4m▲
2023 · €3.1m
Debt > 1 year
€1.2m▼
2023 · €1.5m
Income taxes
€162,101▲
2023 · €2,203
Staff costs
€1.0m▲
2023 · €552,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €4.1m | €5.9m | ▲ 43.0% |
| Turnover70 | - | - | - | €4.1m | €5.2m | ▲ 26.5% |
| Other operating income74 | - | - | - | €31,659 | €29,998 | ▼ 5.2% |
| Non-recurring operating income76A | - | - | €184 | €12,716 | €708,615 | ▲ 5,472% |
| Operating charges60/66A | - | - | - | €4.1m | €5.3m | ▲ 28.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.8m | €2.4m | ▲ 30.6% |
| Purchases600/8 | - | - | - | €1.8m | €2.4m | ▲ 30.6% |
| Services and other goods61 | - | - | - | €1.6m | €1.7m | ▲ 7.6% |
| Remuneration, social security and pensions62 | - | €177,126 | €802,420 | €552,142 | €1.0m | ▲ 88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,811 | €29,372 | €72,226 | €86,142 | €98,357 | ▲ 14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | -€12,000 | -€18,220 | -€1,680 | ▲ 90.8% |
| Other operating charges640/8 | - | €1,276 | €34,543 | €45,791 | €20,333 | ▼ 55.6% |
| Non-recurring operating charges66A | - | - | €70,128 | €124 | €0 | ▼ 100% |
| Gross operating margin9900 | €754,683 | €1.1m | €1.9m | - | - | - |
| Operating profit (loss)9901 | €611,983 | €866,837 | €927,234 | €13,506 | €615,859 | ▲ 4,460% |
| Financial income75/76B | - | €0 | €2,081 | €162,439 | €1 | ▼ 100.0% |
| Recurring financial income75 | €13 | €0 | €2,081 | €162,439 | €1 | ▼ 100.0% |
| Income from financial fixed assets750 | - | - | - | €159,520 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | - | €2,920 | €1 | ▼ 100.0% |
| Financial charges65/66B | - | €1,994 | €33,254 | €34,263 | €38,373 | ▲ 12.0% |
| Recurring financial charges65 | €941 | €1,994 | €33,254 | €34,263 | €38,373 | ▲ 12.0% |
| Debt charges650 | - | - | - | €32,144 | €36,803 | ▲ 14.5% |
| Other financial charges652/9 | - | - | - | €2,120 | €1,570 | ▼ 25.9% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €611,619 | €864,843 | €896,061 | €141,682 | €577,487 | ▲ 308% |
| Income taxes67/77 | €156,575 | €215,996 | €263,889 | €2,203 | €162,101 | ▲ 7,258% |
| Taxes670/3 | - | - | - | €2,203 | €162,101 | ▲ 7,258% |
| Profit (loss) for the period9904 | €455,044 | €648,847 | €632,171 | €139,479 | €415,387 | ▲ 198% |
| Transfer to tax-exempt reserves689 | - | €202,080 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €455,044 | €446,767 | €632,171 | €139,479 | €415,387 | ▲ 198% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.6m | €6.5m | €6.0m | €6.5m | ▲ 7.7% |
| Formation expenses20 | €1,121 | €412 | €57 | €0 | - | - |
| Fixed assets21/28 | €33,858 | €67,439 | €3.5m | €3.5m | €3.6m | ▲ 4.8% |
| Intangible fixed assets21 | €25,403 | €59,021 | €114,785 | €133,839 | €311,368 | ▲ 133% |
| Tangible fixed assets22/27 | €12,211 | €8,418 | €51,254 | €41,634 | €29,351 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | €0 | €508 | €423 | €338 | ▼ 20.0% |
| Furniture and vehicles24 | - | €8,418 | €35,415 | €30,463 | €21,748 | ▼ 28.6% |
| Other tangible fixed assets26 | - | - | €15,332 | €10,748 | €7,265 | ▼ 32.4% |
| Financial fixed assets28 | €0 | - | €3.3m | €3.3m | €3.3m | = |
| Affiliated companies280/1 | - | - | - | €3.3m | €3.3m | = |
| Participating interests280 | - | - | - | €3.3m | €3.3m | = |
| Other financial fixed assets284/8 | - | - | - | €2,180 | €1,528 | ▼ 29.9% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €2,180 | €1,528 | ▼ 29.9% |
| Current assets29/58 | €1.1m | €1.6m | €3.0m | €2.5m | €2.8m | ▲ 11.8% |
| Stocks and contracts in progress3 | €0 | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €615,025 | €1.1m | €2.1m | €2.3m | €2.6m | ▲ 16.9% |
| Trade receivables40 | - | €1.1m | €1.5m | €1.7m | €1.8m | ▲ 3.9% |
| Other amounts receivable41 | - | €1,949 | €552,469 | €524,827 | €839,231 | ▲ 59.9% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €513,029 | €443,156 | €866,920 | €224,112 | €166,513 | ▼ 25.7% |
| Deferred charges and accrued income490/1 | - | €0 | €75,779 | €57,561 | €32,800 | ▼ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.6m | €6.5m | €6.0m | €6.5m | ▲ 7.7% |
| Equity10/15 | €498,081 | €559,928 | €1.3m | €1.4m | €1.8m | ▲ 28.8% |
| Contributions10/11 | - | €50,000 | €301,844 | €301,844 | €301,844 | = |
| Reserves13 | €298,081 | €509,928 | €984,561 | €1.1m | €1.5m | ▲ 36.5% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €202,080 | €202,080 | €202,080 | €202,080 | = |
| Distributable reserves133 | - | €307,848 | €782,481 | €921,960 | €1.3m | ▲ 44.5% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €704,875 | €1.1m | €5.2m | €4.6m | €4.6m | ▲ 1.2% |
| Amounts payable after more than one year17 | - | - | €1.9m | €1.5m | €1.2m | ▼ 24.6% |
| Financial debts170/4 | - | - | €1.9m | €1.5m | €1.2m | ▼ 24.6% |
| Leasing and similar obligations172 | - | - | - | €56,156 | €51,848 | ▼ 7.7% |
| Credit institutions173 | - | - | - | €1.5m | €1.1m | ▼ 25.2% |
| Amounts payable within one year42/48 | €646,833 | €1.0m | €3.1m | €3.1m | €3.4m | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | - | - | €364,636 | €369,982 | €375,410 | ▲ 1.5% |
| Financial debts43 | - | - | €16,744 | €16,857 | €16,865 | = |
| Credit institutions430/8 | - | - | €16,744 | €16,857 | €16,865 | = |
| Trade debts44 | €577,167 | €969,009 | €1.3m | €1.4m | €2.0m | ▲ 42.6% |
| Suppliers440/4 | - | €969,009 | €1.3m | €1.4m | €2.0m | ▲ 42.6% |
| Taxes, remuneration and social security45 | - | €53,800 | €323,150 | €323,425 | €217,628 | ▼ 32.7% |
| Taxes450/3 | - | €31,160 | €254,215 | €269,253 | €114,306 | ▼ 57.5% |
| Remuneration and social security454/9 | - | €22,641 | €68,935 | €54,172 | €103,322 | ▲ 90.7% |
| Other amounts payable47/48 | - | - | €1.1m | €940,573 | €815,480 | ▼ 13.3% |
| Accrued charges and deferred income492/3 | - | €40,750 | €241,878 | €0 | €56,786 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €455,044 | €648,847 | €632,171 | €139,479 | €415,387 | ▲ 198% |
| + Depreciation and write-downs630 | €23,811 | €29,372 | €72,226 | €86,142 | €98,357 | ▲ 14.2% |
| Operating cash flow (approximation) | €478,855 | €678,219 | €704,397 | €225,621 | €513,743 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€62,952 | -€3.5m | -€95,576 | -€262,949 | ▼ 175% |
| Change in cash | - | -€69,873 | €423,764 | -€642,808 | -€57,599 | ▲ 91.0% |
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
2026
26-06
State Gazette act
Appointment: BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)Permanent representatives: Nathalie BOGAERTS, Louis KEMPS and Koen JANSSEN7 facts ▸
State Gazette act
Appointment: BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)
Permanent representatives: Nathalie BOGAERTS, Louis KEMPS and Koen JANSSEN7 facts ▸
- General meeting, 13-02-2026
- Auditor appointment, BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Nathalie BOGAERTS (permanent representative)
- Director in office, NV ADDED VALUE SERVICES (director)
- Permanent representative, Louis KEMPS (permanent representative)
- Director in office, BV HUMAN CAPITAL MANAGEMENT SERVICES (director)
- Permanent representative, Koen JANSSEN (permanent representative)
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 84 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 85 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Equity above €1mEq €1.3m ▲130%
4 profitable years in a row build equity to €1.3m.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 46 days late
2021
31-12
Financial
Highest result since 2019net €648,847 ▲42.6%
Net result €648,847, the highest in the series.
31-12
Financial
Equity above €500,000Eq €559,928 ▲12.4%
3 profitable years in a row build equity to €559,928.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
BV VAN HAVERMAET BEDRIJFSREVISOREN
CurrentStatutory auditor · since 26-06-2026 · perm. rep.: Nathalie BOGAERTS
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt · 2 establishment units since 2018
Ground area
1.0 ha
Building footprint
3,895 m²
Volume, LiDAR
33,781 m³
2 parcels, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
2 establishment units
Ilgatlaan 15, 3500 Hasselt
since 20182.274.803.814
Rouwbergskens 6, 2340 Beerse
since 20242.354.136.550
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0176/00K025 | Flanders | 7,757 m² | 1 · 3,089 m² | 10.5 m · 3 fl. |
| 71328D0379/00Z000 | Flanders | 2,312 m² | 1 · 805 m² | 15.6 m · 5 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV VAN HAVERMAET BEDRIJFSREVISOREN |
|
Structure & network
Part of the group
ITZU
15 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdings · 3 subsidiaries in the treeChain of control
- ITZU
- ITZU Training
Highest known parent: ITZU. The sources do not say who stands above it.
Owners 1
- ITZUparentSourceaccounts ITZU 2024100%
Holdings 2
-
100%
- Itzu Talent SolutionssubsidiaryEquity €2.9mResult €189,952100%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- HURA 100%
Itzu Talent Solutions 100%1 subsidiary
- CAREERFIT 100%
According to the 2024 annual accounts of ITZU Training 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 16,978 EUR awarded · 16,978 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,780 EUR | 2,780 EUR |
| 2023 | 2 | 906 EUR | 14,198 EUR |
| 2022 | 2 | 13,292 EUR | 0 EUR |
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
Legal Entity Identifier
254900EZRKQRBG3RB779
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Identification & contact
Identification
Legal formPrivate limited company
Founded21-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
58290Other software publishing
62100Computer programming
70200Business and other management consultancy
78100Employment placement agencies
82300Organisation of conventions and trade shows
Contact
Website
www.itzu.euBeerse
E-mail
talentsolutions@itzu.euBeerse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692777364
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.