Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
I.T. WORKS from Gent, company number BE0454842797, closed financial year 2025 with a result of € -8,880 after tax. For that financial year I.T. WORKS recorded a gross margin of € -7,140 and equity of € -77,128. Compared with financial year 2024, the result moved from € 7,937 to € -8,880. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -77,128
▼ € 8,880 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,880
▼ still € 7,937 profit in 2024
Profit after tax over the fiscal year.
€ 3,426
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -95,720.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 55
▲ € 1,330 vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,067
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 551
▼ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,853 | € 5,399 | € 4,222 | € -7,140 | ▼ € 11,362 |
| Profit after taxes | € -58,522 | € 2,523 | € 7,937 | € -8,880 | ▼ € 16,818 |
| Equity | € -78,707 | € -76,185 | € -68,247 | € -77,128 | ▼ € 8,880 |
| Total debts | € 123,939 | € 100,030 | € 97,291 | € 82,335 | ▼ 15% |
| Cash | € 16,436 | € 10,835 | € 14,362 | € 3,426 | ▼ 76% |
| Retained profit | € -97,299 | € -94,777 | € -86,839 | € -95,720 | ▼ € 8,880 |
| Balance sheet total | € 45,232 | € 23,845 | € 29,044 | € 5,208 | ▼ 82% |
Key figures of I.T. WORKS, 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 I.T. WORKS?
What happened at I.T. WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,880 (▼ € 16,818 vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Patrick Van Renterghem became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 58,522 loss in 2022 to € 8,880 loss in 2025.
Paid € 1,033 in corporate taxes since 2022.
Best year ever: 2024, with € 7,937 profit.
Management
Behind I.T. WORKS is Patrick Van Renterghem.
Directors
According to the 2025 annual accounts
Patrick Van Renterghem
Director
since 1995
Establishments
Establishment units
Physical locations of this company
Soenenspark 35
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.842.797
- VAT number
- BE 0454.842.797
- Registered office
- Soenenspark 35, 9051 Gent
- Names & denominations
- I.T. WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1995
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Ontwerpen van computerprogramma’s
Overige advisering in verband met programmatuur en levering van programmatuur
Ontwerpen en programmeren van computerprogramma's