ITHEOS
ActiveSummary
ITHEOS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159k and a net result of €112k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.72 in 2024; short-term debt: 45.1% and cash: 73.3% of total assets), and 45.1% 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
54.9%
Return on assets
38.7%
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 30-03-2026, 123 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
123 d early
2024
35 d early
2023
49 d early
2022
52 d early
2021
34 d early
2020
47 d early
2019
50 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€112k▲ 11.7%
2024 · €101k
2019: €3klowest in 7 years
2020: €21k▲ +551% vs 2019
2021: €70k▲ +232% vs 2020
2022: €88k▲ +25.3% vs 2021
2023: €122k▲ +38.6% vs 2022highest in 7 years
2024: €101k▼ -17.3% vs 2023
2025: €112k▲ +11.7% vs 2024
2019 → 2025
Working capital
€107k▲ 40.7%
2024 · €76k
2019: €6klowest in 7 years
2020: €30k▲ +445% vs 2019
2021: €73k▲ +140% vs 2020
2022: €68k▼ -7.2% vs 2021
2023: €134k▲ +96.4% vs 2022highest in 7 years
2024: €76k▼ -42.8% vs 2023
2025: €107k▲ +40.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€95k▼ 5.6%€205k▲ 116%€147k▼ 28.4%€159k▲ 8.5%
2021: €101k
2022: €95k▼ -5.6% vs 2021lowest in 5 years
2023: €205k▲ +116% vs 2022highest in 5 years
2024: €147k▼ -28.4% vs 2023
2025: €159k▲ +8.5% vs 2024
Operating result€92k-€115k▲ 24.8%€157k▲ 36.7%€130k▼ 17.1%€145k▲ 11.5%
2021: €92klowest in 5 years
2022: €115k▲ +24.8% vs 2021
2023: €157k▲ +36.7% vs 2022highest in 5 years
2024: €130k▼ -17.1% vs 2023
2025: €145k▲ +11.5% vs 2024
Net result€70k-€88k▲ 25.3%€122k▲ 38.6%€101k▼ 17.3%€112k▲ 11.7%
2021: €70klowest in 5 years
2022: €88k▲ +25.3% vs 2021
2023: €122k▲ +38.6% vs 2022highest in 5 years
2024: €101k▼ -17.3% vs 2023
2025: €112k▲ +11.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€52k ▼ 26.4%
Current assets
€238k ▲ 31.2%
Equity and liabilities €290k
Equity
€159k ▲ 8.5%
Debt
€131k ▲ 24.3%
Debt's share of the balance-sheet total rises from 41.8% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€167k▲
2024 · €150k
Cash flow
€134k▲
2024 · €121k
Current ratio
1.82▲
2024 · 1.72
Debt to equity
0.82▲
2024 · 0.72
ROE
70.6%▲
2024 · 68.5%
ROA
38.7%▼
2024 · 39.9%
Interest coverage
3780.56▲
2024 · 307.21
Debt ≤ 1 year
€131k▲
2024 · €105k
Income taxes
€33k▲
2024 · €29k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€252k€290k▲
Fixed assets21/28€71k€52k▼
Tangible fixed assets22/27€71k€52k▼
Furniture and vehicles24€64k€46k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€182k€238k▲
Amounts receivable within one year40/41€68k€25k▼
Trade receivables40€57k€25k▼
Other amounts receivable41€11k-
Cash at bank and in hand54/58€113k€213k▲
Deferred charges and accrued income490/1€857€1k▲
Equity and liabilities
Total equity and liabilities10/49€252k€290k▲
Equity10/15€147k€159k▲
Contributions10/11€19k€19k=
Reserves13€163€163=
Distributable reserves133€163€163=
Profit (loss) carried forward14€128k€141k▲
Amounts payable17/49€105k€131k▲
Amounts payable within one year42/48€105k€131k▲
Trade debts44€13k€7k▼
Suppliers440/4€13k€7k▼
Taxes, remuneration and social security45€15k€21k▲
Taxes450/3€15k€20k▲
Remuneration and social security454/9-€640
Other amounts payable47/48€78k€103k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k▲
Other operating charges640/8€199€289▲
Gross operating margin9900€150k€167k▲
Operating profit (loss)9901€130k€145k▲
Financial income75/76B€448€411▼
Recurring financial income75€448€411▼
Financial charges65/66B€489€44▼
Recurring financial charges65€489€44▼
Profit (loss) for the period before taxes9903€130k€145k▲
Income taxes67/77€29k€33k▲
Profit (loss) for the period9904€101k€112k▲
Profit (loss) for the period to be appropriated9905€101k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€287k€241k▼
Profit (loss) brought forward from the previous period14P€186k€128k▼
Profit to be distributed694/7€159k€100k▼
Return on contributions (dividend)694€159k€100k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €8k | €9k | €20k | €22k | ▲ 8.8% |
| Other operating charges640/8 | €660 | €531 | €562 | €199 | €289 | ▲ 45.7% |
| Non-recurring operating charges66A | - | - | €263 | - | - | - |
| Gross operating margin9900 | €104k | €123k | €167k | €150k | €167k | ▲ 11.2% |
| Operating profit (loss)9901 | €92k | €115k | €157k | €130k | €145k | ▲ 11.5% |
| Financial income75/76B | - | €0 | €327 | €448 | €411 | ▼ 8.3% |
| Recurring financial income75 | - | €0 | €327 | €448 | €411 | ▼ 8.3% |
| Financial charges65/66B | €665 | €237 | €215 | €489 | €44 | ▼ 91.0% |
| Recurring financial charges65 | €665 | €237 | €215 | €489 | €44 | ▼ 91.0% |
| Profit (loss) for the period before taxes9903 | €91k | €114k | €157k | €130k | €145k | ▲ 11.8% |
| Income taxes67/77 | €21k | €27k | €35k | €29k | €33k | ▲ 12.0% |
| Profit (loss) for the period9904 | €70k | €88k | €122k | €101k | €112k | ▲ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €70k | €88k | €122k | €101k | €112k | ▲ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130k | €224k | €238k | €252k | €290k | ▲ 15.1% |
| Fixed assets21/28 | €29k | €27k | €72k | €71k | €52k | ▼ 26.4% |
| Tangible fixed assets22/27 | €29k | €27k | €72k | €71k | €52k | ▼ 26.4% |
| Furniture and vehicles24 | €25k | €24k | €68k | €64k | €46k | ▼ 27.7% |
| Other tangible fixed assets26 | €4k | €3k | €4k | €7k | €6k | ▼ 13.0% |
| Current assets29/58 | €101k | €197k | €167k | €182k | €238k | ▲ 31.2% |
| Amounts receivable within one year40/41 | €25k | €20k | €43k | €68k | €25k | ▼ 63.8% |
| Trade receivables40 | €22k | €18k | €39k | €57k | €25k | ▼ 56.8% |
| Other amounts receivable41 | €3k | €2k | €4k | €11k | - | - |
| Cash at bank and in hand54/58 | €74k | €177k | €122k | €113k | €213k | ▲ 88.6% |
| Deferred charges and accrued income490/1 | €1k | €750 | €2k | €857 | €1k | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130k | €224k | €238k | €252k | €290k | ▲ 15.1% |
| Equity10/15 | €101k | €95k | €205k | €147k | €159k | ▲ 8.5% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €163 | €163 | €163 | €163 | €163 | = |
| Non-distributable reserves130/1 | €163 | €163 | - | - | - | - |
| Reserves not available under the articles1311 | €163 | €163 | - | - | - | - |
| Distributable reserves133 | - | - | €163 | €163 | €163 | = |
| Profit (loss) carried forward14 | €94k | €76k | €186k | €128k | €141k | ▲ 9.7% |
| Amounts payable17/49 | €29k | €129k | €33k | €105k | €131k | ▲ 24.3% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Financial debts170/4 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €27k | €129k | €33k | €105k | €131k | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | €6k | €2k | - | - | - | - |
| Trade debts44 | €3k | €7k | €8k | €13k | €7k | ▼ 43.2% |
| Suppliers440/4 | €3k | €7k | €8k | €13k | €7k | ▼ 43.2% |
| Taxes, remuneration and social security45 | €16k | €15k | €13k | €15k | €21k | ▲ 38.3% |
| Taxes450/3 | €16k | €15k | €13k | €15k | €20k | ▲ 34.1% |
| Remuneration and social security454/9 | - | - | - | - | €640 | - |
| Other amounts payable47/48 | €2k | €106k | €13k | €78k | €103k | ▲ 32.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €88k | €122k | €101k | €112k | ▲ 11.7% |
| + Depreciation and write-downs630 | €11k | €8k | €9k | €20k | €22k | ▲ 8.8% |
| Operating cash flow (approximation) | €81k | €96k | €131k | €121k | €134k | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | €-6k | €-54k | €-19k | €-3k | ▲ 82.3% |
| Change in cash | - | €102k | €-55k | €-9k | €100k | ▲ 1,246% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €150kEq €159k ▲8.5%
7 profitable years in a row build equity to €159k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €122k ▲38.6%
Operating result €157k, net result €122k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.01
Current ratio from 1.53 to 5.01; short-term debt falls from €129k to €33k.
31-12
Financial
Equity above €200kEq €205k ▲116%
5 profitable years in a row build equity to €205k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
05-04
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2021
31-12
Financial
Liquidity doublescurrent ratio 3.68
Current ratio from 1.49 to 3.68; short-term debt falls from €62k to €27k.
31-12
Financial
Equity above €100kEq €101k ▲229%
3 profitable years in a row build equity to €101k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Chaumont-Gistoux · 1 establishment unit since 2018
Ground area
6,329 m²
Building footprint
214 m²
Volume, LiDAR
1,094 m³
Parcel 25021F0658/00A000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Warichet, Corroy 19, 1325 Chaumont-Gistoux
since 20182.280.453.370
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25021F0658/00A000 | Wallonia | 6,329 m² | 1 · 214 m² | 8.9 m · 2 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Similar companies · same sector, comparable size
KOZKO
BE 0788.811.720
Halle · Eq €159,366
DP Service & consultancy
BE 0790.364.314
Temse · Eq €159,407
InterHumans
BE 0659.720.160
Zemst · Eq €159,301
M&E CONSULT
BE 0674.539.780
Lille · Eq €159,293
Arkhangel Data Solutions
BE 1002.341.679
Leuven · Eq €159,460
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,270 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
Founded05-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.