Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 23.6 to 20.7.
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Late annual account NBB
Fiscal year 2023 was filed 271 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
ITEC from Hoogstraten, company number BE0444149241, closed financial year 2023 with a result of € 1.9 million after tax. For that financial year ITEC recorded revenue of € 17 million and equity of € 3.7 million. Compared with financial year 2022, the result moved from € 3.1 million to € 1.9 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2025.
€ 3.7 million
▲ 2% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 38% vs 2022
Profit after tax over the fiscal year.
€ 209,931
▼ 10% vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2023
20.7
▼ 2.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 1% vs 2022
€ 59,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 213,535
▼ 24% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 615,654
▼ 64% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 610,598
▼ 38% vs 2022
Taxes, VAT and social contributions still to pay.
| 2020 | 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|---|
| Revenue | € 20,502,323 | € 16,747,292 | € 16,612,633 | € 17,009,742 | ▲ 2% |
| Profit after taxes | € 3,293,443 | € 3,132,639 | € 3,140,166 | € 1,937,994 | ▼ 38% |
| Equity | € 4,291,366 | € 3,724,006 | € 3,564,172 | € 3,652,806 | ▲ 2% |
| Total debts | € 4,695,338 | € 2,922,914 | € 3,980,674 | € 3,367,588 | ▼ 15% |
| Cash | € 82,667 | € 132,749 | € 232,628 | € 209,931 | ▼ 10% |
| Land & buildings | - | € 8,188 | € 6,373 | € 4,557 | ▼ 28% |
| Retained profit | € 3,912,997 | € 3,345,637 | € 3,185,803 | € 3,274,437 | ▲ 3% |
| Dividend | € 6,600,000 | € 3,700,000 | € 3,300,000 | € 1,850,000 | ▼ 44% |
| Balance sheet total | € 8,986,704 | € 6,646,920 | € 7,544,846 | € 7,020,394 | ▼ 7% |
| Employees (FTE) | 21.9 | 23.6 | 23.4 | 20.7 | ▼ 2.7 |
Key figures of ITEC, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to ITEC?
What happened at ITEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 1.9 million (▼ 38% vs 2022). filed late Source: NBB ↗
- New establishment in Rumst. KBO
- New establishment in Hoogstraten. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.3 million profit in 2020 to € 1.9 million profit in 2023.
Paid € 3.6 million in corporate taxes since 2020.
Best year ever: 2020, with € 3.3 million profit.
Paid out € 15.5 million in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
John Lijsenstraat 49
2321 Hoogstraten
Molenbergstraat 107
2840 Rumst
Active since 1 January 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →B.I. HOLDING
€ 121,714 gross margin · 2025
BI Invest
€ 295,318 gross margin · 2025
Leasing Solutions
€ 3.7 million gross margin · 2025
Expo Supplies
€ 404,726 gross margin · 2025
Alcom
€ 1.3 million gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
HOASTED, NL
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0444.149.241
- VAT number
- BE 0444.149.241
- Registered office
- John Lijsenstraat 49, 2321 Hoogstraten
- Names & denominations
- ITEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 June 1991
- Peppol
- Active · Active since 9 Apr 2026
- Contact
- itec.be
- Activities · NACE
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