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Generated 11-08-2026
Active BE 0859.656.956Public limited companyOpen bankruptcy

ITG Services

Rue Catherine Seret 2 ·4470 Saint-Georges-sur-Meuse, Belgium· 23 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

A bankruptcy procedure is open for ITG Services according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €204k and a net result of €28k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €204k
Net result €28k
Staff (FTE) 1
Better than sector 38%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health26Profitability69Solvency76Growth78Stability0
50 / 100

Mixed profile: strong on growth, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 26
Profitability 69
Solvency 76
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
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.
Health barometer FY 2021 · computed
26 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · micro
€-40k€-20k€0€20k€40kOperating result 2018: €37k€37kNet result 2018: €-26k€-26kOperating result 2020: €4k€4kNet result 2020: €-12k€-12kOperating result 2021: €30k€30kNet result 2021: €28k€28k201820202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 40.5% 52.0%
better than 38% of 3465 sector peers
Net result €28k €20k
better than 59% of 3464 sector peers
Equity €204k €37k
better than 86% of 3470 sector peers
Gross operating margin €92k €36k
better than 80% of 3455 sector peers
Staff costs €62k €13k
higher than 85% of 319 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€5k
-87.4% 18-21
Net profit
€28k
- 18-21
Cash flow
€-12k
+52.5% 18-21
Total assets
€503k
+4.6% 18-21
Equity
€204k
+16.0% 18-21
Working capital
€190k
+51.2% 18-21
Employees (FTE)
1
0.0% 18-21
Staff costs
€62k
- 18-21
Income taxes
€2k
+283.3% 18-21
Debt
€300k
-2.0% 18-21
Debt ≤ 1y
€300k
-2.0% 18-21
Current ratio
1.63
+15.8% 18-21
Quick ratio
1.62
+15.9% 18-21
Solvency
40.5%
+10.9% 18-21
Debt / equity
1.47
- 18-21
ROE
13.8%
- 18-21
ROA
5.6%
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA-
Net profit€28k
Cash flow-
Staff costs€62k
Income taxes€2k
Dividends-
Total assets€503k
Equity€204k
Debt€300k
of which ≤ 1y€300k
of which > 1y-
Working capital€190k
Employees (FTE)1.0
Ratios (computed)
2021
Current ratio1.63
Quick ratio1.62
Working capital ratio37.7%
Solvency40.5%
Debt / equity1.47
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA5.6%
ROE13.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€503k
Fixed assets 21/28€14k
Financial fixed assets 28€14k
Current assets 29/58€489k
Stocks & contracts in progress 3€3k
Amounts receivable within one year 40/41€481k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€503k
Equity 10/15€204k
Contributions / capital 10/11€180k
Reserves 13€9k
Accumulated profits (losses) 14€14k
Amounts payable 17/49€300k
Amounts payable within one year 42/48€300k
Trade debts payable within one year 44€172k
Income statement
Gross operating margin 9900€92k
Operating result 9901€30k
Financial income 75€487
Financial charges 65€433
Result before taxes 9903€30k
Income taxes 67/77€2k
Net result for the period 9904€28k
Result to be appropriated 9905€28k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Vrancken Ghislain
    Manager
    State Gazette act 23064785 (16-05-2023)
    Current
    05-05-2023 → present
Former directors (2)
  • Vincent Vrancken
    Director
    State Gazette act 23073927 (07-06-2023)
    Former
    - → 07-06-2023
  • Nathalie Vrancken
    Director
    State Gazette act 23064785 (16-05-2023)
    Former
    - → 05-05-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates2 persons
Role Name Tenure Source
Curator LEON LEDUC
PLACE DE BRONCKART 1, 4000 LIEGE 1
 19-06-2023 → present Belgian State Gazette
Curator JEAN-LUC PAQUOT
AVENUE BLONDEN 33, 4000 LIEGE 1
 19-06-2023 → present Belgian State Gazette
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Public limited company(014)
Incorporation14-07-2003
StatusActive
Postal code4470
First BS signal 23-06-2023
Latest BS signal 23-06-2023
Company structure, linked entities2 linked entities
ITG ServicesBE 0859.656.956LEON LEDUCReceiverJEAN-LUC PAQUOTReceiver
Mandates
Establishment units 1 location
ITG Services
Rue Catherine Seret 2/4, 4470 Saint-Georges-sur-MeuseActiviteiten van hoofdkantoren
since 20032.133.114.033
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64065B0056/00T002 Wallonia 73 m² 1 · 56 m² 8.0 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
23-06-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · ITG SERVICES SA RUE CATHERINE SERET 2, 4470 SAINT-GEORGES-SUR-MEUSE · event 19-06-2023
07-06-2023
State Gazette act Director changes
16-05-2023
State Gazette act Director changes
2022
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
07-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
23-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
18-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
09-06-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
30-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
31-08-2012
NBB filing Annual accounts filed
fiscal year 2011 · volledig
Lifecycle & Insolvency Signals 1 events
23-06-2023
Bankruptcy Opening
Date: 19-06-2023 · Tribunal de l’entreprise de Liège, division Liège · ITG SERVICES SA RUE CATHERINE SERET 2, 4470 SAINT-GEORGES-SUR-MEUSE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-06-23 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 3 years ago
2023
07-06-2023 Vincent Vrancken resigns as director Director changes
  • Vincent Vrancken, Bestuurder
Technical details 
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}
16-05-2023 1 director appointed, 1 resigning Director changes
  • Vrancken Ghislain, Zaakvoerder
  • Nathalie Vrancken, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Detailhandel in bloemen, planten, zaden en kunstmeststoffen in gespecialiseerde winkels47761Detailhandel in bloemen, planten, zaden en kunstmeststoffen47761Gespecialiseerde detailhandel in bloemen en planten, zaden en kunstmeststoffen52483Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100
Primary activity highlighted.
Names & trade names
Legal nameFR ITG Services
Registered office
Rue Catherine Seret 2
4470 Saint-Georges-sur-Meuse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative