ITHAKA INVEST
ActiveSummary
ITHAKA INVEST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462k and a net result of €80k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency56▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.07 in 2024; short-term debt: 41.3% and cash: 1.5% of total assets), and 69.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
30.9%
Return on assets
5.3%
Age of the figures
12 mo
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-05-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
on the day
2023
on the day
2022
4 d early
2021
2 d late
2020
60 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€462k▲ 20.9%
2024 · €382k
2018: €85k
2019: €107k
2020: €109k
2021: €94k
2022: €196k
2023: €311k
2024: €382k
2018 → 2025
Total assets
€1.49M▼ 4.3%
2024 · €1.56M
2018: €444k
2019: €429k
2020: €414k
2021: €1.90M
2022: €1.73M
2023: €1.66M
2024: €1.56M
2018 → 2025
Net result
€80k▲ 12.7%
2024 · €71k
2018: €22k
2019: €22k
2020: €2k
2021: €-15k
2022: €102k
2023: €115k
2024: €71k
2018 → 2025
Working capital
€-594k▼ 4.8%
2024 · €-567k
2018: €11k
2019: €-3k
2020: €22k
2021: €-415k
2022: €-635k
2023: €-604k
2024: €-567k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€196k▲ 109%€311k▲ 58.5%€382k▲ 22.8%€462k▲ 20.9%
Operating result€-6k-€142k€179k▲ 26.4%€115k▼ 35.8%€131k▲ 13.9%
Net result€-15k-€102k€115k▲ 12.3%€71k▼ 38.2%€80k▲ 12.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€1.47M ▼ 3.2%
Current assets
€23k ▼ 44.6%
Equity and liabilities €1.49M
Equity
€462k ▲ 20.9%
Debt
€1.03M ▼ 12.5%
Debt's share of the balance-sheet total falls from 75.5% to 69.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▲
2024 · €161k
Cash flow
€125k▲
2024 · €116k
Current ratio
0.04▼
2024 · 0.07
Debt to equity
2.23▼
2024 · 3.09
ROE
17.3%▼
2024 · 18.6%
ROA
5.3%▲
2024 · 4.5%
Interest coverage
8.68▲
2024 · 7.80
Debt ≤ 1 year
€617k▲
2024 · €608k
Debt > 1 year
€351k▼
2024 · €546k
Income taxes
€30k▲
2024 · €24k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.49M▼
Fixed assets21/28€1.52M€1.47M▼
Tangible fixed assets22/27€573k€529k▼
Land and buildings22€534k€491k▼
Plant, machinery and equipment23€38k€37k▼
Furniture and vehicles24€578€290▼
Financial fixed assets28€947k€942k▼
Current assets29/58€41k€23k▼
Amounts receivable within one year40/41€39k€1k▼
Trade receivables40€32k€1k▼
Other amounts receivable41€6k-
Cash at bank and in hand54/58€2k€22k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.49M▼
Equity10/15€382k€462k▲
Contributions10/11€140k€140k=
Profit (loss) carried forward14€242k€322k▲
Amounts payable17/49€1.18M€1.03M▼
Amounts payable after more than one year17€546k€351k▼
Financial debts170/4€546k€351k▼
Amounts payable within one year42/48€608k€617k▲
Current portion of amounts payable after more than one year42€191k€196k▲
Trade debts44€56k€289▼
Suppliers440/4€152€289▲
Bills of exchange payable441€56k-
Advances received on contracts in progress46€30k-
Taxes, remuneration and social security45€26k€35k▲
Taxes450/3€26k€35k▲
Other amounts payable47/48€305k€386k▲
Accrued charges and deferred income492/3€25k€64k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€46k▲
Other operating charges640/8€13k€13k▲
Gross operating margin9900€173k€190k▲
Operating profit (loss)9901€115k€131k▲
Financial charges65/66B€21k€21k▲
Recurring financial charges65€21k€20k▼
Non-recurring financial charges66B-€975
Profit (loss) for the period before taxes9903€95k€110k▲
Income taxes67/77€24k€30k▲
Profit (loss) for the period9904€71k€80k▲
Profit (loss) for the period to be appropriated9905€71k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€242k€322k▲
Profit (loss) brought forward from the previous period14P€171k€242k▲
The notes to these accounts (9 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €115k ▲12.3%
Operating result €179k, net result €115k, both a record.
30-09
Financial
Equity above €200kEq €311k ▲58.5%
2 profitable years in a row build equity to €311k.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
30-09
Financial
Equity above €150kEq €196k ▲109%
Equity rises from €94k to €196k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Weakest financial yearnet €-15k ▼758%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
30-09
Financial
Liquidity doublescurrent ratio 1.97
Current ratio from 0.92 to 1.97; short-term debt falls from €40k to €23k.
Show earlier events
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
Financial
Equity above €100kEq €107k ▲25.4%
2 profitable years in a row build equity to €107k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lochristi · 1 establishment unit since 2012
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.
Koning-Albertlaan 29080 LochristiGround area
9,569 m²
Building footprint
6,686 m²
Volume, LiDAR
18,171 m³
Parcel 44034A0758/00Y002, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ITHAKA INVEST
since 20122.311.084.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034A0758/00Y002 | Flanders | 9,569 m² | 1 · 6,686 m² | 7.5 m · 1 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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Of 587 companies in sector 68204 we hold annual accounts for 317. 238 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
Founded19-11-2012
Fiscal year end30-09
Activities, NACEBEL 2025
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.