ITE
ActiveSummary
ITE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.30M and a net result of €30k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+20
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 9.14 against 12.94 in 2024; short-term debt: 6.3% and cash: 33.8% of total assets), and 6.3% 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○neutral
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
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
93.7%
Return on assets
0.4%
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
44 d early
2022
32 d early
2021
30 d late
2020
30 d early
2019
31 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€7.30M▲ 0.1%
2024 · €7.29M
2018: €7.00M
2019: €6.98M
2020: €7.06M
2024: €7.29M
2018 → 2025
Total assets
€7.80M▲ 0.1%
2024 · €7.78M
2018: €7.40M
2019: €7.66M
2020: €7.62M
2024: €7.78M
2018 → 2025
Net result
€30k▲ 19.0%
2024 · €25k
2018: €48k
2019: €82k
2020: €85k
2024: €25k
2018 → 2025
Working capital
€4.03M▼ 21.5%
2024 · €5.13M
2018: €6.71M
2019: €6.65M
2020: €6.69M
2024: €5.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020242025Trend
Equity€7.00M-€6.98M▼ 0.3%€7.06M▲ 1.2%€7.29M▲ 3.2%€7.30M▲ 0.1%
Operating result€129k-€203k▲ 57.5%€236k▲ 16.4%€-157k€97k
Net result€48k-€82k▲ 70.1%€85k▲ 4.8%€25k▼ 70.9%€30k▲ 19.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €97k after a loss of €157k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.80M
Fixed assets
€3.28M ▲ 47.2%
Current assets
€4.52M ▼ 18.7%
Equity and liabilities €7.80M
Equity
€7.30M ▲ 0.1%
Debt
€494k ▲ 0.3%
Debt's share of the balance-sheet total stays at 6.3%.
Key figures and ratios
EBITDA
€292k▲
2024 · €1k
Cash flow
€225k▲
2024 · €183k
Current ratio
9.14▼
2024 · 12.94
Quick ratio
5.95▼
2024 · 9.56
Debt to equity
0.07▲
2024 · 0.07
ROE
0.4%▲
2024 · 0.3%
ROA
0.4%▲
2024 · 0.3%
Interest coverage
2.36▲
2024 · 0.02
Debt ≤ 1 year
€494k▲
2024 · €430k
Income taxes
€1k▼
2024 · €1k
Staff costs
€1.19M▼
2024 · €1.35M
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.78M€7.80M▲
Fixed assets21/28€2.23M€3.28M▲
Intangible fixed assets21€117k€118k▲
Tangible fixed assets22/27€2.11M€3.16M▲
Land and buildings22€1.84M€2.91M▲
Plant, machinery and equipment23€63k€50k▼
Furniture and vehicles24€207k€197k▼
Current assets29/58€5.56M€4.52M▼
Stocks and contracts in progress3€1.45M€1.58M▲
Stocks30/36€1.45M€1.58M▲
Amounts receivable within one year40/41€358k€265k▼
Trade receivables40€285k€228k▼
Other amounts receivable41€74k€37k▼
Cash at bank and in hand54/58€3.71M€2.63M▼
Deferred charges and accrued income490/1€35k€42k▲
Equity and liabilities
Total equity and liabilities10/49€7.78M€7.80M▲
Equity10/15€7.29M€7.30M▲
Contributions10/11€180k€180k=
Capital10€180k€180k=
Issued capital100€180k€180k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Profit (loss) carried forward14€7.09M€7.10M▲
Amounts payable17/49€493k€494k▲
Amounts payable within one year42/48€430k€494k▲
Trade debts44€244k€352k▲
Suppliers440/4€244k€352k▲
Taxes, remuneration and social security45€163k€122k▼
Taxes450/3€1k-
Remuneration and social security454/9€162k€122k▼
Other amounts payable47/48€22k€20k▼
Accrued charges and deferred income492/3€63k-
Income statement
Code20242025
Non-recurring operating income76A€60k€123k▲
Remuneration, social security and pensions62€1.35M€1.19M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158k€195k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-271k
Other operating charges640/8€8k€8k▼
Gross operating margin9900€1.36M€1.22M▼
Operating profit (loss)9901€-157k€97k▲
Financial income75/76B€236k€57k▼
Recurring financial income75€236k€57k▼
Financial charges65/66B€53k€124k▲
Recurring financial charges65€53k€124k▲
Profit (loss) for the period before taxes9903€26k€31k▲
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€25k€30k▲
Profit (loss) for the period to be appropriated9905€25k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7.11M€7.12M▲
Profit (loss) brought forward from the previous period14P€7.09M€7.09M▲
Profit to be distributed694/7€20k€20k=
Directors or managers695€20k€20k=
Social balance
Average headcount (FTE)908712.611.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €25k ▼70.9%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
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
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €85k ▲4.8%
Operating result €236k, net result €85k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Sint-Niklaas · 1 establishment unit since 1989
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.
Europark-Oost 249100 Sint-NiklaasGround area
9,405 m²
Building footprint
2,834 m²
Volume, LiDAR
21,814 m³
Parcel 46442C0412/00K000, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
I.T.E.
since 19892.037.071.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0412/00K000 | Flanders | 9,405 m² | 1 · 2,834 m² | 9.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 18,068 EUR awarded · 18,068 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,416 EUR | 4,416 EUR |
| 2024 | 2 | 6,152 EUR | 6,152 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 462 companies in sector 28250 we hold annual accounts for 285. 94 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 formPublic limited company
Founded15-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.