Active · per the CBE, 29 October 2026

ITHAKA

BE0448387646

Rechtspersoon Non-profit association 3 establishments

ITHAKA is a home care service in Oostende. Non-profit, started on 13 July 1992, 3 establishments.

Kaaistraat 35, 8400 Oostende

Behind the company: Bart Sabbe, Dirk Sabbe, Annick Goes, Luc Dewilde+5.

Active for

34 year, 3 months

Financials

Financial year 2025

ITHAKA from Oostende, company number BE0448387646, closed financial year 2025 with a result of € -29,736 after tax. For that financial year ITHAKA recorded a gross margin of € 1.7 million and equity of € 1 million. Compared with financial year 2024, the result moved from € 116,416 to € -29,736. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.

What it is worth Healthy

€ 1 million

▼ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -29,736

▼ still € 116,416 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 706,308

▼ 7% vs 2024

Cash and bank balances on the last day of the fiscal year.

People and assets in 2025

Full-time equivalents

20.8

▲ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.6 million

▲ 17% vs 2024

€ 77,300 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.

Vehicles and equipment

€ 26,315

▼ 27% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 10 years to go

€ 278,648

▼ 9% vs 2024

€ 28,115 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 6,977

▼ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 239,907

▲ 6% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € 1,147,306 € 1,376,864 € 1,598,151 € 1,680,736 ▲ 5%
Profit after taxes € 14,723 € 69,794 € 116,416 € -29,736 ▼ € 146,152
Equity € 777,253 € 837,773 € 1,071,386 € 1,029,376 ▼ 4%
Total debts € 437,933 € 587,399 € 550,064 € 527,310 ▼ 4%
Cash € 393,003 € 576,804 € 759,655 € 706,308 ▼ 7%
Land & buildings € 556,069 € 548,924 € 526,767 € 504,609 ▼ 4%
Retained profit € 667,395 € 737,189 € 853,605 € 823,869 ▼ 3%
Bank debt € 239,956 € 330,921 € 306,301 € 278,648 ▼ 9%
Balance sheet total € 1,215,186 € 1,425,172 € 1,621,451 € 1,556,686 ▼ 4%
Employees (FTE) 17.4 18.5 20.2 20.8 ▲ 0.6

Key figures of ITHAKA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ITHAKA?

What happened at ITHAKA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2025: loss of € 29,736 (▼ € 146,152 vs 2024). Source: NBB ↗
  • Wilfried Moutton stepped down as director. NBB
  • Johan Lowyck stepped down as director. NBB
  • Patrick Roels became a director. NBB
  • Wim Vermeire became a director. NBB
  • New establishment in Oostende. KBO
  • New establishment in Oostende. KBO
  • Dirk Sabbe became a director. NBB

In short

From € 14,723 profit in 2022 to € 29,736 loss in 2025.

Paid € 5,952 in corporate taxes since 2022.

Best year ever: 2024, with € 116,416 profit.

On average € 80,800 of value added per employee in 2025.

Management

Behind ITHAKA are Bart Sabbe, Dirk Sabbe, Annick Goes, Luc Dewilde, Patrick Roels and Ann Decorte. Bart Sabbe is also behind Start West-Vlaanderen - Begeleiding van personen met een verstandelijke beperking en hun gezin and Vlaams Instituut voor de Eerste Lijn.

Directors

According to the 2025 annual accounts

Dirk Sabbe

Director

since 2022

Annick Goes

Director

since 2022

Luc Dewilde

Director

Patrick Roels

Chairman of the board

since 2024

Ann Decorte

Director

Armand Timmers

Director

since 2022

Erik Billiet

Director

Wim Vermeire

Vice-chairman of the board

since 2024

Wilfried Moutton

Director

· until 2026

Johan Lowyck

Director

· until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

Kaaistraat 35

8400 Oostende

2.358.644.278

Kaaistraat 37

8400 Oostende

Active since 25 April 2024

2.358.698.619

Kaaistraat 14

8400 Oostende

Active since 25 April 2024

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0448.387.646
VAT number
BE 0448.387.646
Registered office
Kaaistraat 35, 8400 Oostende
Names & denominations
ITHAKA
Enterprise type
Rechtspersoon
Legal form
Non-profit association
Legal situation
Normale toestand
Start date
13 July 1992
Peppol
Active · Active since 21 Oct 2026
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Cultureel onderwijs

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Frequently asked questions

What does ITHAKA do?
ITHAKA is a home care service in Oostende. Non-profit, started on 13 July 1992, 3 establishments.
What is the address of ITHAKA?
The registered office of ITHAKA is located at Kaaistraat 35, 8400 Oostende.
Is ITHAKA still active?
Yes. According to the CBE (29 October 2026) ITHAKA is active, legal situation “Normale toestand”, started on 13 July 1992.
Is ITHAKA registered on Peppol?
Yes, ITHAKA is registered on the Peppol network with ID 0208:0448387646.
What is the enterprise number of ITHAKA?
The enterprise number of ITHAKA is BE0448387646.
When was ITHAKA founded?
ITHAKA was founded on 13 July 1992.