I-TRAX · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of I-TRAX is 2.0% (moderate). The 2022 annual accounts show equity of €96k and a net result of €40k. Equity is growing by ~61.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 6635 sector peers (fiscal year 2022). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 747 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-01-2024, 178 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	25-01-2024	178 d late	2024-00006359
31-12-2021	31-07-2022	25-01-2024	543 d late	2024-00006287
31-12-2020	31-07-2021	21-12-2021	143 d late	2021-81400108
31-12-2019	31-07-2020	23-11-2020	115 d late	2020-71900243
31-12-2018	31-07-2019	02-10-2019	63 d late	2019-68200062
31-12-2017	31-07-2018	20-09-2018	51 d late	2018-63600353

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€268k-29.7%

EBIT margin17.5%+16.1pp

Net result€40k+657.6%

Working capitalNot included in this filing

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 25-01-2024 with the NBB · fiscal year 2022 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~61.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	100.0%	36.3%	better than 95% of 6635 sector peers
Net result	€40k	€12k	better than 82% of 6620 sector peers
Equity	€96k	€26k	better than 86% of 6643 sector peers
Gross operating margin	€136k	€32k	better than 88% of 6614 sector peers
Staff costs	€86k	€27k	higher than 80% of 2536 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2022 · n=1739-6635

Net result P82

Stable position over 2020-2022 · n=1732-6620

Equity P86

Improving position over 2020-2022 · n=1741-6643

Gross operating margin P88

Improving position over 2020-2022 · n=1730-6614

Describes the position versus peers, not a forecast.

Revenue

€268k

-29.7% 18-22

EBITDA

€28k

+29.1% 18-22

Net profit

€40k

+657.6% 18-22

Cash flow

€47k

+65.3% 18-22

Total assets

€96k

+70.2% 18-22

Equity

€96k

+70.2% 18-22

Staff costs

€86k

+202.9% 18-22

Income taxes

€7k

- 18-22

Show 7 other metrics

Debt

€14k

- 18-22

Debt ≤ 1y

€14k

- 18-22

Solvency

100.0%

0.0% 18-22

ROE

41.3%

+345.0% 18-22

ROA

41.3%

+345.0% 18-22

Net margin

14.8%

+977.2% 18-22

EBITDA margin

14.7%

+104.7% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	€268k
EBITDA	-
Net profit	€40k
Cash flow	-
Staff costs	€86k
Income taxes	€7k
Dividends	-
Total assets	€96k
Equity	€96k
Debt	-
of which ≤ 1y	-
of which > 1y	-
Working capital	-
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	-
Quick ratio	-
Working capital ratio	-
Solvency	100.0%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	50.7%
Net margin	14.8%
ROA	41.3%
ROE	41.3%
EBITDA margin	-
Days sales outstanding	18d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €29k · 30.4% Current assets €67k · 69.6%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€96k
Fixed assets	21/28	€29k
Tangible fixed assets	22/27	€28k
Financial fixed assets	28	€1k
Current assets	29/58	€67k
Amounts receivable within one year	40/41	€13k
Cash & bank	54/58	€54k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€96k
Equity	10/15	€96k
Contributions / capital	10/11	€6k
Reserves	13	€775
Accumulated profits (losses)	14	€89k
Income statement
Turnover	70	€268k
Gross operating margin	9900	€136k
Operating result	9901	€47k
Financial charges	65	€87
Result before taxes	9903	€47k
Income taxes	67/77	€7k
Net result for the period	9904	€40k
Result to be appropriated	9905	€40k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

68 / 100 Healthy

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Boulevard de la Sauvenière 144/334000 Liège

Establishment units

1 location

I-TRAX

Wijnheuvelenstraat 72, 1030 SchaarbeekGrondverzet : graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven

since 20172.264.164.694

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area387 m²

Buildings1

Building footprint192 m²

Volume (LiDAR)5,238 m³

Tallest building29.5 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (50%) Brussels 1 (50%)