On IT Corp & Gov

Active

Public limited companyfounded 2001active for 25 yearsHenry Fordlaan 18, 3600 Genk, BelgiumKBO/BCE: BE 0474.405.323

Summary

On IT Corp & Gov has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €1.3m. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 45% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

On IT Corp & GovActiveChecked score 96/100

Risk analysis Report Compare

Activity

Wholesale of information and communication equipment

NACE 46500

1 site

Size

≈ €13.0mturnover 2025, estimated

Staff: 11.6 FTE
Equity: €3.6m
Profit: €1.3m

Turnover estimated from the gross marginNet result +91%: merger

Financial health

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: On IT · 100%
Holdings: 2

FRANK VERJANSManaging director
Jan HuybrechtsDirector
On ITDirector · permanent representative Laurent De Pauw

Auditor: PricewaterhouseCoopers Reviseurs d'Entreprises2025 accounts 2 days early5 of 10 deeds summarised

Why 96lowers riskFounded in 2001Size: 11.6 FTE, total assets €8.9mProfit of €1.3m (financial year 2025)Liquidity: current ratio 1.52, cash €1.6mShow the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 69% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 66-34

equity 40.7% of total assets

Liquidity 53-9

short-term debt 40.4% · cash 17.6%

Profitability 86-5

return on assets 14.1%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 0.1% 12-2024: < 0.1%▼ -0.1 percentage points vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.2 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%▲ +0.4 percentage points vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026highest value 07-2026: 0.7%▼ -0.1 percentage points vs 06-2026 08-2026: < 0.1%▼ -0.7 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €340,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.52, compared with 5.17 in 2024, above the usual 1.5; short-term debt: 40.4% and cash: 17.6% of total assets), but 59.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 47% on solvency, 69% on liquidity and 90% on profitability.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Founded in 2001

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 11.6 FTE, total assets €8.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Profit of €1.3m (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 1.52, cash €1.6m

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 days early

2024

7 days late

2023

35 days early

2022

21 days early

2021

34 days early

2020

46 days early

2019

30 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-07-2026 Annual accounts filedfinancial year 2025 · full…
05-03-2026 Name · RestructuringMerger · Accounting effect ·…
31-12-2025 Highest result from 2019 to 2025net €1.3m ▲91.5%

Key points

Result rose in 2025merger with ForeSee ▲ 91.5% View
Positive: Among the best 16% on net resultsector median €112,386 · 6,077 companies €1.3m View
Controlled by On ITultimately: AROUND II 100% View
Positive: 7 profitable years in a rowprofit 2025: €1.3m 7 years View

By topic

Financials

Financial year: 2025
Total assets: €8.9m
Profit: €1.3m
Solvency: 40.7%

Total assets▲ 138%

Net result

20192025

Go to Financials

Board & ownership

Board: 3 members
Parent: On IT · 100%
Auditor: PricewaterhouseCoopers Reviseurs d'Entreprises

FRANK VERJANSManaging director
Jan HuybrechtsDirector
On ITDirector

Go to Board & ownership

Network & group

Group: AROUND II
Subsidiaries: 2
Connected companies: 18
Mergers and asset contributions: 1

2 subsidiaries

Go to Network & group

Timeline

Events: 31
Since: 2003

25-11-2025Restructuring
13-10-2025Resignation: HUYBRECHTS Jan Karel Maria (director)
04-04-2025Appointment: PwC Bedrijfsrevisoren (statutory auditor)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale of information and communication equipmentNACE 46500
Founded: 23-03-2001
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 7

Purpose: “Consulting in de sector van alle infrastructuur voor telefoon en dataverkeer, al dan niet…” (deed in Dutch)

Go to Articles of association

Key facts about On IT Corp & Gov

What is the company number of On IT Corp & Gov?: 0474.405.323. In Belgium the VAT number is the company number with BE in front: BE 0474.405.323.
Where is On IT Corp & Gov based?: The registered office is at Henry Fordlaan 18, 3600 Genk.Company details
What does On IT Corp & Gov do?: According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
What is the legal form of On IT Corp & Gov?: Public limited company (NV).
When was On IT Corp & Gov founded?: On 23-03-2001.
Is On IT Corp & Gov still active?: Yes, On IT Corp & Gov is an active enterprise in the KBO register.
How many employees does On IT Corp & Gov have?: On average 11.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of On IT Corp & Gov?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is On IT Corp & Gov profitable?: In financial year 2025, On IT Corp & Gov made a profit of €1.3m.
Where can I find the annual accounts of On IT Corp & Gov?: On IT Corp & Gov filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.