ITzy
Annual accounts 2025
micro format, filed on 30-04-2026, 92 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €820,000. Estimated: probably between €560,000 and €1.3m.
Balance sheet
balance sheet total €246,961 on 31-12-2025Change in equityin euro
Change in cashin euro
Position in the sector
Solvency32.7%
Higher than 29% of 21,166 companies in 2025.
Current ratio1.47
Higher than 32% of 20,529 companies in 2025.
Return on assets40.7%
Higher than 78% of 20,705 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
Total assets20/58 |
246,961 | 216,325 | 94,341 | 43,976 | |
Fixed assets21/28 |
3,925 | 4,663 | 1,881 | 1,069 | |
Tangible fixed assets22/27 |
3,668 | 4,406 | 1,624 | 1,069 | |
Plant, machinery and equipment23 |
2,828 | 3,328 | 1,624 | 1,069 | |
Furniture and vehicles24 |
840 | 1,078 | - | - | |
Financial fixed assets28 |
257 | 257 | 257 | - | |
Current assets29/58 |
243,036 | 211,662 | 92,460 | 42,907 | |
Amounts receivable within one year40/41 |
49,526 | 76,706 | 22,879 | 12,203 | |
Trade receivables40 |
43,374 | 75,991 | 22,879 | 10,094 | |
Other amounts receivable41 |
6,152 | 715 | 0 | 2,109 | |
Current investments50/53 |
14,850 | 14,850 | 14,847 | - | |
Cash at bank and in hand54/58 |
176,816 | 119,229 | 54,406 | 30,703 | |
Deferred charges and accrued income490/1 |
1,844 | 877 | 328 | - | |
| Balance sheet: equity and liabilities | |||||
Total equity and liabilities10/49 |
246,961 | 216,325 | 94,341 | 43,976 | |
Equity10/15 |
80,859 | 125,439 | 56,386 | 21,060 | |
Contributions10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
Profit (loss) carried forward14 |
78,859 | 123,439 | 54,386 | 19,060 | |
Amounts payable17/49 |
166,102 | 90,886 | 37,955 | 22,916 | |
Amounts payable within one year42/48 |
165,384 | 90,686 | 37,805 | 22,766 | |
Financial debts43 |
573 | 1,677 | 883 | 379 | |
Credit institutions430/8 |
573 | 1,677 | 883 | 379 | |
Trade debts44 |
36,861 | 41,764 | 1,758 | 4,033 | |
Suppliers440/4 |
36,861 | 41,764 | 1,758 | 4,033 | |
Taxes, remuneration and social security45 |
7,950 | 47,246 | 27,615 | 10,805 | |
Taxes450/3 |
- | 31,452 | 21,725 | 8,405 | |
Remuneration and social security454/9 |
7,950 | 15,794 | 5,890 | 2,400 | |
Other amounts payable47/48 |
120,000 | 0 | 7,549 | 7,549 | |
Accrued charges and deferred income492/3 |
719 | 200 | 150 | 150 | |
| Income statement | |||||
Gross operating margin9900 |
313,680 | 195,377 | 60,129 | 27,017 | |
Remuneration, social security and pensions62 |
181,701 | 103,655 | 12,887 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,106 | 1,712 | 454 | 87 | |
Non-recurring operating charges66A |
- | 1,300 | 278 | 822 | |
Operating profit (loss)9901 |
129,874 | 88,710 | 46,509 | 26,109 | |
Financial income75/76B |
1,455 | 715 | - | - | |
Recurring financial income75 |
1,455 | 715 | - | - | |
Financial charges65/66B |
126 | 239 | 267 | 190 | |
Recurring financial charges65 |
126 | 239 | 267 | 190 | |
Profit (loss) for the period before taxes9903 |
131,203 | 89,185 | 46,242 | 25,919 | |
Income taxes67/77 |
30,782 | 20,133 | 10,083 | 6,059 | |
Profit (loss) for the period9904 |
100,420 | 69,053 | 36,159 | 19,860 | |
Profit (loss) for the period to be appropriated9905 |
100,420 | 69,053 | 36,159 | 19,860 | |
| Appropriation of the result | |||||
Profit (loss) to be appropriated9906 |
223,859 | 123,439 | 55,219 | 19,860 | |
Profit (loss) brought forward from the previous period14P |
123,439 | 54,386 | 19,060 | - | |
Profit to be distributed694/7 |
145,000 | - | 833 | 800 | |
Return on contributions (dividend)694 |
145,000 | - | 833 | 800 | |
| Social balance sheet | |||||
Average staff (FTE)9087 |
- | 1.3 | - | - | |
Hours worked1013 |
- | 2,101 | - | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| EBITDA | 131,979 | 90,421 | 46,964 | 26,195 | |
| Cash flow | 102,526 | 70,764 | 36,614 | 19,947 | |
| Investment in fixed assets | 1,368 | 4,493 | 1,266 | 1,156 | |
| Change in cash | 57,587 | 64,823 | 23,703 | - | |
| Working capital | 77,653 | 120,976 | 54,655 | 20,140 | |
| Solvency | 32.7% | 58.0% | 59.8% | 47.9% | |
| Current ratio | 1.47 | 2.33 | 2.45 | 1.88 | |
| Debt to equity | 2.05 | 0.72 | 0.67 | 1.09 | |
| ROE | 124.2% | 55.0% | 64.1% | 94.3% | |
| ROA | 40.7% | 31.9% | 38.3% | 45.2% | |
| Interest coverage | over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 1.3 |
| On a permanent contract | 2 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,368 | €4,493 | €1,009 | €1,156 |
| Financial fixed assets | - | - | €257 | - |
| Depreciation and write-downs of the year | €2,106 | €1,712 | €454 | €87 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ITzy
The operating result for 2025 is 46% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 42.0% to 67.3%. Equity is lower and debt is higher.