Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ITAF from Gent, company number BE0466006806, closed financial year 2025 with a result of € 16,721 after tax. For that financial year ITAF recorded a gross margin of € 1.7 million and equity of € 800,614. Compared with financial year 2024, the result moved from € 78,408 to € 16,721. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 800,614
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,721
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 275,808
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 720,758.
People and assets in 2025
16.6
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 9% vs 2024
€ 82,600 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.
€ 170,464
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 722,515
▲ 46% vs 2024
€ 177,155 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 869,792
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 214,535
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,109,331 | € 1,620,641 | € 1,673,282 | € 1,734,390 | ▲ 4% |
| Profit after taxes | € 139,446 | € 271,297 | € 78,408 | € 16,721 | ▼ 79% |
| Equity | € 434,188 | € 705,485 | € 783,893 | € 800,614 | ▲ 2% |
| Total debts | € 1,583,078 | € 1,909,074 | € 1,773,136 | € 2,103,880 | ▲ 19% |
| Cash | € 192,495 | € 358,102 | € 368,028 | € 275,808 | ▼ 25% |
| Land & buildings | € 176,989 | € 135,102 | - | - | |
| Retained profit | € 354,332 | € 625,629 | € 704,037 | € 720,758 | ▲ 2% |
| Bank debt | € 758,049 | € 844,643 | € 496,061 | € 722,515 | ▲ 46% |
| Balance sheet total | € 2,017,265 | € 2,614,560 | € 2,557,029 | € 2,904,495 | ▲ 14% |
| Employees (FTE) | 11 | 13.3 | 16.2 | 16.6 | ▲ 0.4 |
Key figures of ITAF, 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 ITAF?
What happened at ITAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,721 (▼ 79% vs 2024). Source: NBB ↗
- Simplexify BV became a director. NBB
- Geniki BV became a director. NBB
- Glenn Provoost stepped down as director. NBB
- Consurity BV stepped down as director. NBB
- Katrien Boon stepped down as director. NBB
- Consurity BV became a director. NBB
- New establishment in Leuven. KBO
In short
From € 139,446 profit in 2022 to € 16,721 profit in 2025.
Paid € 203,094 in corporate taxes since 2022.
Best year ever: 2023, with € 271,297 profit.
On average € 104,500 of value added per employee in 2025.
Management
Behind ITAF are Simplexify BV and Geniki BV. It owns 100% of ITAF ICT SERVICES d.o.o. Novi Sad itself.
Directors
According to the 2025 annual accounts
since 2026
since 2026
Glenn Provoost
Director
· until 2026
Director · represented by Dieter Van Houtte
since 2025 · until 2026
· until 2026
Establishments
Establishment units
Physical locations of this company
Industrieweg 114H
9032 Gent
Industrieweg 114 box H
9032 Gent
Active since 1 June 1999
Sluisstraat 79
3000 Leuven
Active since 24 September 2018
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
ITAF, BE
Domain
Domain
itaf.eu
Registrar
ITAF bvba
Website info
Features
Security
Details
- Company number
- 0466.006.806
- VAT number
- BE 0466.006.806
- Registered office
- Industrieweg 114H, 9032 Gent
- Names & denominations
- ITAF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 1999
- Peppol
- Active · Active since 3 Dec 2025
- Contact
- itaf.eu [email protected]
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Gegevensverwerking
Computerconsultancy-activiteiten
Gegevensverwerking, webhosting en aanverwante activiteiten
Overige zakelijke dienstverlening, neg
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