IT4FUSION
ActiveSummary
IT4FUSION has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €-11k. Equity is shrinking by ~14.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 31% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▲+2
Solvency66▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 6.76 against 9.01 in 2023; short-term debt: 13% and cash: 7.8% of total assets), but 58.6% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
41.4%
Return on assets
-13.2%
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 €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
45 d early
2022
49 d early
2021
47 d early
2020
9 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 24.2%
2023 · €47k
2018: €124k
2019: €105k
2020: €126k
2021: €106k
2022: €75k
2023: €47k
2018 → 2024
Total assets
€86k▼ 18.2%
2023 · €106k
2018: €258k
2019: €261k
2020: €266k
2021: €181k
2022: €141k
2023: €106k
2018 → 2024
Net result
€-11k▲ 59.0%
2023 · €-28k
2018: €-4k
2019: €21k
2020: €34k
2021: €6k
2022: €-31k
2023: €-28k
2018 → 2024
Working capital
€65k▼ 20.7%
2023 · €82k
2018: €81k
2019: €47k
2020: €72k
2021: €129k
2022: €104k
2023: €82k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€126k-€106k▼ 15.8%€75k▼ 29.3%€47k▼ 37.1%€36k▼ 24.2%
Operating result€46k-€13k▼ 70.9%€-29k€-26k▲ 9.8%€-10k▲ 61.0%
Net result€34k-€6k▼ 82.0%€-31k€-28k▲ 10.7%€-11k▲ 59.0%
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 €10k in 2024 against €26k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€11k ▼ 24.3%
Current assets
€76k ▼ 17.3%
Equity and liabilities €86k
Equity
€36k ▼ 24.2%
Debt
€51k ▼ 13.4%
Debt's share of the balance-sheet total rises from 55.4% to 58.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▲
2023 · €-12k
Cash flow
€-8k▲
2023 · €-14k
Current ratio
6.76▼
2023 · 9.01
Debt to equity
1.42▲
2023 · 1.24
ROE
-31.9%▲
2023 · -59.0%
ROA
-13.2%▲
2023 · -26.3%
Interest coverage
-2.36▲
2023 · -3.74
Debt ≤ 1 year
€11k▲
2023 · €10k
Debt > 1 year
€39k▼
2023 · €48k
Income taxes
€57▼
2023 · €61
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€106k€86k▼
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€11k€9k▼
Current assets29/58€92k€76k▼
Amounts receivable after more than one year29€66k€61k▼
Other amounts receivable291€66k€61k▼
Amounts receivable within one year40/41€6k€8k▲
Trade receivables40-€1k
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€20k€7k▼
Equity and liabilities
Total equity and liabilities10/49€106k€86k▼
Equity10/15€47k€36k▼
Contributions10/11€12k€12k=
Reserves13€51k€51k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-16k€-28k▼
Amounts payable17/49€59k€51k▼
Amounts payable after more than one year17€48k€39k▼
Financial debts170/4€48k€39k▼
Amounts payable within one year42/48€10k€11k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44-€663
Suppliers440/4-€663
Taxes, remuneration and social security45€36€267▲
Taxes450/3€36€267▲
Other amounts payable47/48€2k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€3k▼
Other operating charges640/8€516€528▲
Gross operating margin9900€-12k€-6k▲
Operating profit (loss)9901€-26k€-10k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-28k€-11k▲
Income taxes67/77€61€57▼
Profit (loss) for the period9904€-28k€-11k▲
Profit (loss) for the period to be appropriated9905€-28k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-28k▼
Profit (loss) brought forward from the previous period14P€11k€-16k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-31k ▼615%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 13.36
Current ratio from 2.66 to 13.36; short-term debt falls from €43k to €10k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Highest result since 2018net €34k ▲60.3%
Operating result €46k, net result €34k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
07-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 68 days late
2017
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 48 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2001
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.
Snoeckstraat(MEL) 159120 Beveren-Kruibeke-ZwijndrechtGround area
1,205 m²
Building footprint
236 m²
Volume, LiDAR
1,504 m³
Parcel 46016E0029/00L000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Snoeckstraat(MEL) 15, 9120 Beveren-Kruibeke-Zwijndrecht
since 20012.100.007.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016E0029/00L000 | Flanders | 1,205 m² | 1 · 236 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FBDT
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VEDIS
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,283 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.