The IT Cloud
ActiveSummary
The IT Cloud has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €111k and a net result of €-60k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-15
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.83 against 8.19 in 2023; short-term debt: 20.5% and cash: 92.6% of total assets), and 20.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.5%
Return on assets
-42.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-60k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
428 d late
2022
25 d late
2021
20 d early
2020
23 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€111k▼ 35.0%
2023 · €170k
2018: €60klowest in 7 years
2019: €88k▲ +47.5% vs 2018
2020: €124k▲ +40.5% vs 2019
2021: €148k▲ +19.3% vs 2020
2022: €176k▲ +18.9% vs 2021highest in 7 years
2023: €170k▼ -3.6% vs 2022
2024: €111k▼ -35.0% vs 2023
2018 → 2024
Total assets
€139k▼ 28.1%
2023 · €193k
2018: €88klowest in 7 years
2019: €118k▲ +33.3% vs 2018
2020: €159k▲ +35.3% vs 2019
2021: €212k▲ +33.2% vs 2020
2022: €223k▲ +5.0% vs 2021highest in 7 years
2023: €193k▼ -13.2% vs 2022
2024: €139k▼ -28.1% vs 2023
2018 → 2024
Net result
€-60k▼ 851%
2023 · €-6k
2018: €30k
2019: €28k▼ -4.4% vs 2018
2020: €36k▲ +25.8% vs 2019
2021: €38k▲ +6.9% vs 2020
2022: €44k▲ +14.6% vs 2021highest in 7 years
2023: €-6k▼ -114% vs 2022
2024: €-60k▼ -851% vs 2023lowest in 7 years
2018 → 2024
Working capital
€109k▼ 35.0%
2023 · €168k
2018: €45klowest in 7 years
2019: €79k▲ +75.5% vs 2018
2020: €119k▲ +51.9% vs 2019
2021: €147k▲ +23.2% vs 2020
2022: €174k▲ +18.2% vs 2021highest in 7 years
2023: €168k▼ -3.3% vs 2022
2024: €109k▼ -35.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€124k-€148k▲ 19.3%€176k▲ 18.9%€170k▼ 3.6%€111k▼ 35.0%
2020: €124k
2021: €148k▲ +19.3% vs 2020
2022: €176k▲ +18.9% vs 2021highest in 5 years
2023: €170k▼ -3.6% vs 2022
2024: €111k▼ -35.0% vs 2023lowest in 5 years
Operating result€50k-€53k▲ 6.4%€61k▲ 14.2%€-6k€-59k▼ 931%
2020: €50k
2021: €53k▲ +6.4% vs 2020
2022: €61k▲ +14.2% vs 2021highest in 5 years
2023: €-6k▼ -109% vs 2022
2024: €-59k▼ -931% vs 2023lowest in 5 years
Net result€36k-€38k▲ 6.9%€44k▲ 14.6%€-6k€-60k▼ 851%
2020: €36k
2021: €38k▲ +6.9% vs 2020
2022: €44k▲ +14.6% vs 2021highest in 5 years
2023: €-6k▼ -114% vs 2022
2024: €-60k▼ -851% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€1k ▼ 31.4%
Current assets
€138k ▼ 28.1%
Equity and liabilities €139k
Equity
€111k ▼ 35.0%
Debt
€29k ▲ 22.1%
Debt's share of the balance-sheet total rises from 12.1% to 20.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-59k▼
2023 · €-5k
Cash flow
€-59k▼
2023 · €-6k
Current ratio
4.83▼
2023 · 8.19
Debt to equity
0.26▲
2023 · 0.14
ROE
-53.9%▼
2023 · -3.7%
ROA
-42.8%▼
2023 · -3.2%
Interest coverage
-219.68▼
2023 · -13.19
Debt ≤ 1 year
€29k▲
2023 · €23k
Income taxes
€59▼
2023 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€193k€139k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€192k€138k▼
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€0-
Other amounts receivable41€11k€9k▼
Cash at bank and in hand54/58€181k€129k▼
Equity and liabilities
Total equity and liabilities10/49€193k€139k▼
Equity10/15€170k€111k▼
Reserves13€176k€176k=
Distributable reserves133€176k€176k=
Profit (loss) carried forward14€-6k€-66k▼
Amounts payable17/49€23k€29k▲
Amounts payable within one year42/48€23k€29k▲
Trade debts44€8k€6k▼
Suppliers440/4€8k€6k▼
Taxes, remuneration and social security45€9k€22k▲
Taxes450/3€9k€22k▲
Other amounts payable47/48€7k€628▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€573€573=
Other operating charges640/8€577€3k▲
Gross operating margin9900€-5k€-56k▼
Operating profit (loss)9901€-6k€-59k▼
Financial charges65/66B€392€267▼
Recurring financial charges65€392€267▼
Profit (loss) for the period before taxes9903€-6k€-59k▼
Income taxes67/77€123€59▼
Profit (loss) for the period9904€-6k€-60k▼
Profit (loss) for the period to be appropriated9905€-6k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-66k▼
Profit (loss) brought forward from the previous period14P-€-6k
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €2k | €573 | €573 | = |
| Other operating charges640/8 | - | €699 | €556 | €577 | €3k | ▲ 352% |
| Gross operating margin9900 | €56k | €58k | €63k | €-5k | €-56k | ▼ 1,120% |
| Operating profit (loss)9901 | €50k | €53k | €61k | €-6k | €-59k | ▼ 931% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €219 | €434 | €392 | €267 | ▼ 31.9% |
| Recurring financial charges65 | €174 | €219 | €434 | €392 | €267 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €50k | €53k | €61k | €-6k | €-59k | ▼ 869% |
| Income taxes67/77 | €14k | €15k | €17k | €123 | €59 | ▼ 51.9% |
| Profit (loss) for the period9904 | €36k | €38k | €44k | €-6k | €-60k | ▼ 851% |
| Profit (loss) for the period to be appropriated9905 | €36k | €38k | €44k | €-6k | €-60k | ▼ 851% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159k | €212k | €223k | €193k | €139k | ▼ 28.1% |
| Fixed assets21/28 | €5k | €1k | €2k | €2k | €1k | ▼ 31.4% |
| Tangible fixed assets22/27 | €5k | €1k | €2k | €2k | €1k | ▼ 31.4% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €1k | €2k | €2k | €1k | ▼ 31.4% |
| Current assets29/58 | €155k | €211k | €220k | €192k | €138k | ▼ 28.1% |
| Amounts receivable within one year40/41 | €32k | €25k | €20k | €11k | €9k | ▼ 18.7% |
| Trade receivables40 | - | €25k | €18k | €0 | - | - |
| Other amounts receivable41 | - | - | €2k | €11k | €9k | ▼ 18.7% |
| Cash at bank and in hand54/58 | €123k | €186k | €200k | €181k | €129k | ▼ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159k | €212k | €223k | €193k | €139k | ▼ 28.1% |
| Equity10/15 | €124k | €148k | €176k | €170k | €111k | ▼ 35.0% |
| Contributions10/11 | - | €0 | - | - | - | - |
| Reserves13 | €112k | €148k | €176k | €176k | €176k | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €148k | €176k | €176k | €176k | = |
| Profit (loss) carried forward14 | - | - | €0 | €-6k | €-66k | ▼ 951% |
| Amounts payable17/49 | €35k | €64k | €47k | €23k | €29k | ▲ 22.1% |
| Amounts payable within one year42/48 | €35k | €64k | €47k | €23k | €29k | ▲ 22.1% |
| Trade debts44 | €6k | €2k | €9k | €8k | €6k | ▼ 19.8% |
| Suppliers440/4 | - | €2k | €9k | €8k | €6k | ▼ 19.8% |
| Taxes, remuneration and social security45 | - | €22k | €20k | €9k | €22k | ▲ 140% |
| Taxes450/3 | - | €22k | €20k | €9k | €22k | ▲ 140% |
| Other amounts payable47/48 | - | €40k | €18k | €7k | €628 | ▼ 90.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €38k | €44k | €-6k | €-60k | ▼ 851% |
| + Depreciation and write-downs630 | €5k | €4k | €2k | €573 | €573 | = |
| Operating cash flow (approximation) | €41k | €42k | €46k | €-6k | €-59k | ▼ 937% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €0 | - |
| Change in cash | - | €63k | €15k | €-20k | €-52k | ▼ 160% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 428 days late
2024
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €44k ▲14.6%
Operating result €61k, net result €44k, both a record.
31-12
Financial
Equity above €150kEq €176k ▲18.9%
5 profitable years in a row build equity to €176k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €124k ▲40.5%
3 profitable years in a row build equity to €124k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zonnebeke · 1 establishment unit since 2016
Ground area
448 m²
Building footprint
102 m²
Volume, LiDAR
524 m³
Parcel 33037B0579/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The IT Cloud
since 20162.256.751.520
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037B0579/00H000 | Flanders | 448 m² | 1 · 102 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500ABG6IPN6DKWG79
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
63910Web portal activities
70200Business and other management consultancy
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.