ITAM
ActiveSummary
ITAM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €56k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 67% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+19
Solvency87▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.39 in 2024; short-term debt: 33.7% and cash: 8.4% of total assets), and 37.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
16.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
1 d early
2022
6 d early
2021
30 d late
2020
4 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€216k▲ 35.3%
2024 · €160k
2018: €27klowest in 8 years
2019: €59k▲ +114% vs 2018
2020: €59k▲ +1.4% vs 2019
2021: €112k▲ +88.3% vs 2020
2022: €137k▲ +23.0% vs 2021
2023: €157k▲ +14.1% vs 2022
2024: €160k▲ +1.8% vs 2023
2025: €216k▲ +35.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€346k▲ 30.7%
2024 · €265k
2018: €239klowest in 8 years
2019: €255k▲ +6.6% vs 2018
2020: €241k▼ -5.5% vs 2019
2021: €300k▲ +24.8% vs 2020
2022: €308k▲ +2.5% vs 2021
2023: €308k▲ +0.2% vs 2022
2024: €265k▼ -14.0% vs 2023
2025: €346k▲ +30.7% vs 2024highest in 8 years
2018 → 2025
Net result
€56k▲ 1,953%
2024 · €3k
2018: €23k
2019: €19k▼ -17.6% vs 2018
2020: €2k▼ -87.1% vs 2019lowest in 8 years
2021: €54k▲ +2130% vs 2020
2022: €27k▼ -49.4% vs 2021
2023: €21k▼ -22.9% vs 2022
2024: €3k▼ -87.0% vs 2023
2025: €56k▲ +1953% vs 2024highest in 8 years
2018 → 2025
Working capital
€-3k▲ 95.1%
2024 · €-64k
2018: €-180klowest in 8 years
2019: €-143k▲ +20.4% vs 2018
2020: €-141k▲ +1.7% vs 2019
2021: €-98k▲ +30.3% vs 2020
2022: €-93k▲ +5.8% vs 2021
2023: €-65k▲ +30.3% vs 2022
2024: €-64k▲ +0.4% vs 2023
2025: €-3k▲ +95.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€137k▲ 23.0%€157k▲ 14.1%€160k▲ 1.8%€216k▲ 35.3%
2021: €112klowest in 5 years
2022: €137k▲ +23.0% vs 2021
2023: €157k▲ +14.1% vs 2022
2024: €160k▲ +1.8% vs 2023
2025: €216k▲ +35.3% vs 2024highest in 5 years
Operating result€68k-€37k▼ 45.2%€31k▼ 16.4%€5k▼ 85.1%€85k▲ 1,730%
2021: €68k
2022: €37k▼ -45.2% vs 2021
2023: €31k▼ -16.4% vs 2022
2024: €5k▼ -85.1% vs 2023lowest in 5 years
2025: €85k▲ +1730% vs 2024highest in 5 years
Net result€54k-€27k▼ 49.4%€21k▼ 22.9%€3k▼ 87.0%€56k▲ 1,953%
2021: €54k
2022: €27k▼ -49.4% vs 2021
2023: €21k▼ -22.9% vs 2022
2024: €3k▼ -87.0% vs 2023lowest in 5 years
2025: €56k▲ +1953% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,730% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€233k ▲ 4.0%
Current assets
€114k ▲ 176%
Equity and liabilities €346k
Equity
€216k ▲ 35.3%
Debt
€130k ▲ 23.7%
Debt's share of the balance-sheet total falls from 39.8% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2024 · €27k
Cash flow
€86k▲
2024 · €26k
Current ratio
0.97▲
2024 · 0.39
Debt to equity
0.60▼
2024 · 0.66
ROE
26.1%▲
2024 · 1.7%
ROA
16.3%▲
2024 · 1.0%
Interest coverage
192.29▼
2024 · 469.81
Debt ≤ 1 year
€117k▲
2024 · €105k
Debt > 1 year
€14k
Income taxes
€28k▲
2024 · €2k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€265k€346k▲
Fixed assets21/28€224k€233k▲
Tangible fixed assets22/27€224k€233k▲
Land and buildings22€110k€103k▼
Plant, machinery and equipment23€110k€98k▼
Furniture and vehicles24€4k€32k▲
Current assets29/58€41k€114k▲
Amounts receivable within one year40/41€36k€84k▲
Trade receivables40€34k€82k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€4k€29k▲
Deferred charges and accrued income490/1€715€823▲
Equity and liabilities
Total equity and liabilities10/49€265k€346k▲
Equity10/15€160k€216k▲
Contributions10/11€19k€19k=
Reserves13€141k€197k▲
Tax-exempt reserves132€42€42=
Distributable reserves133€141k€197k▲
Amounts payable17/49€105k€130k▲
Amounts payable after more than one year17-€14k
Financial debts170/4-€14k
Amounts payable within one year42/48€105k€117k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€3k€48k▲
Suppliers440/4€3k€48k▲
Taxes, remuneration and social security45€10k€21k▲
Taxes450/3€8k€21k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€92k€44k▼
Income statement
Code20242025
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€29k▲
Other operating charges640/8€615€1k▲
Gross operating margin9900€28k€116k▲
Operating profit (loss)9901€5k€85k▲
Financial charges65/66B€59€597▲
Recurring financial charges65€59€597▲
Profit (loss) for the period before taxes9903€5k€85k▲
Income taxes67/77€2k€28k▲
Profit (loss) for the period9904€3k€56k▲
Profit (loss) for the period to be appropriated9905€3k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€56k▲
Profit (loss) brought forward from the previous period14P€2k-
Transfer to equity691/2€5k€56k▲
To other reserves6921€5k€56k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €20k | €23k | €29k | ▲ 28.4% |
| Other operating charges640/8 | €1k | €753 | €827 | €615 | €1k | ▲ 75.9% |
| Gross operating margin9900 | €89k | €57k | €52k | €28k | €116k | ▲ 312% |
| Operating profit (loss)9901 | €68k | €37k | €31k | €5k | €85k | ▲ 1,730% |
| Financial charges65/66B | €1k | €1k | €2k | €59 | €597 | ▲ 920% |
| Recurring financial charges65 | €1k | €1k | €2k | €59 | €597 | ▲ 920% |
| Profit (loss) for the period before taxes9903 | €67k | €36k | €30k | €5k | €85k | ▲ 1,741% |
| Income taxes67/77 | €13k | €9k | €9k | €2k | €28k | ▲ 1,427% |
| Profit (loss) for the period9904 | €54k | €27k | €21k | €3k | €56k | ▲ 1,953% |
| Profit (loss) for the period to be appropriated9905 | €54k | €27k | €21k | €3k | €56k | ▲ 1,953% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300k | €308k | €308k | €265k | €346k | ▲ 30.7% |
| Fixed assets21/28 | €211k | €231k | €223k | €224k | €233k | ▲ 4.0% |
| Tangible fixed assets22/27 | €211k | €231k | €223k | €224k | €233k | ▲ 4.0% |
| Land and buildings22 | €129k | €123k | €116k | €110k | €103k | ▼ 5.8% |
| Plant, machinery and equipment23 | €78k | €106k | €102k | €110k | €98k | ▼ 11.0% |
| Furniture and vehicles24 | €5k | €3k | €5k | €4k | €32k | ▲ 664% |
| Current assets29/58 | €89k | €77k | €85k | €41k | €114k | ▲ 176% |
| Stocks and contracts in progress3 | €375 | €400 | €120 | - | - | - |
| Stocks30/36 | €375 | €400 | €120 | - | - | - |
| Amounts receivable within one year40/41 | €53k | €52k | €69k | €36k | €84k | ▲ 130% |
| Trade receivables40 | €53k | €51k | €68k | €34k | €82k | ▲ 138% |
| Other amounts receivable41 | - | €1k | €1k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €35k | €24k | €16k | €4k | €29k | ▲ 626% |
| Deferred charges and accrued income490/1 | €1k | €21 | €22 | €715 | €823 | ▲ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300k | €308k | €308k | €265k | €346k | ▲ 30.7% |
| Equity10/15 | €112k | €137k | €157k | €160k | €216k | ▲ 35.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €92k | €118k | €136k | €141k | €197k | ▲ 40.0% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €1k | - | - | - |
| Tax-exempt reserves132 | €42 | €42 | €42 | €42 | €42 | = |
| Distributable reserves133 | €91k | €117k | €135k | €141k | €197k | ▲ 40.0% |
| Profit (loss) carried forward14 | €986 | €420 | €2k | - | - | - |
| Amounts payable17/49 | €189k | €170k | €151k | €105k | €130k | ▲ 23.7% |
| Amounts payable after more than one year17 | - | - | - | - | €14k | - |
| Financial debts170/4 | - | - | - | - | €14k | - |
| Amounts payable within one year42/48 | €187k | €169k | €150k | €105k | €117k | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €11k | €6k | €411 | €3k | €48k | ▲ 1,399% |
| Suppliers440/4 | €11k | €6k | €411 | €3k | €48k | ▲ 1,399% |
| Taxes, remuneration and social security45 | €19k | €18k | €19k | €10k | €21k | ▲ 106% |
| Taxes450/3 | €19k | €15k | €17k | €8k | €21k | ▲ 156% |
| Remuneration and social security454/9 | €152 | €3k | €2k | €2k | - | - |
| Other amounts payable47/48 | €158k | €145k | €130k | €92k | €44k | ▼ 52.5% |
| Accrued charges and deferred income492/3 | €1k | €1k | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €27k | €21k | €3k | €56k | ▲ 1,953% |
| + Depreciation and write-downs630 | €19k | €19k | €20k | €23k | €29k | ▲ 28.4% |
| Operating cash flow (approximation) | €73k | €46k | €41k | €26k | €86k | ▲ 235% |
| Investment in fixed assets (approximation) | - | €-39k | €-12k | €-24k | €-38k | ▼ 61.7% |
| Change in cash | - | €-11k | €-8k | €-12k | €25k | ▲ 316% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €56k ▲1,953%
Operating result €85k, net result €56k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲35.3%
8 profitable years in a row build equity to €216k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €157k ▲14.1%
6 profitable years in a row build equity to €157k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €112k ▲88.3%
4 profitable years in a row build equity to €112k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €2k ▼87.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated 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, Deinze · 1 establishment unit since 2017
Ground area
581 m²
Building footprint
218 m²
Volume, LiDAR
842 m³
Parcel 44069A0327/00R000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Elen
since 20172.261.916.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44069A0327/00R000 | Flanders | 581 m² | 1 · 218 m² | 9.2 m · 1 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,137 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
Founded27-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.