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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ITINERA from Erpe-Mere, company number BE0468568297, closed financial year 2025 with a result of € 389,866 after tax. For that financial year ITINERA recorded a gross margin of € 110,015 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -262,222 to € 389,866. Profitable, and profit is growing. 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 March 20, 2026.
€ 1.1 million
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 389,866
▲ still € 262,222 loss in 2024
Profit after tax over the fiscal year.
€ 15,887
▲ € 15,059 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 357
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15,210
▼ 85% vs 2024
€ 5,210 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 131,948
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,803
▲ 25% 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 | € 259,627 | € -38,450 | € 148,765 | € 110,015 | ▼ 26% |
| Profit after taxes | € 552,843 | € -50,212 | € -262,222 | € 389,866 | ▲ € 652,088 |
| Equity | € 1,306,721 | € 1,030,223 | € 768,001 | € 1,107,867 | ▲ 44% |
| Total debts | € 277,561 | € 428,561 | € 689,136 | € 469,507 | ▼ 32% |
| Cash | € 1,166 | € 188 | € 828 | € 15,887 | ▲ € 15,059 |
| Retained profit | € 1,074,230 | € 1,024,018 | € 761,795 | € 1,101,661 | ▲ 45% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 155,533 | € 93,703 | € 104,873 | € 15,210 | ▼ 85% |
| Balance sheet total | € 1,655,437 | € 1,529,939 | € 1,528,291 | € 1,628,650 | ▲ 7% |
Key figures of ITINERA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ITINERA?
What happened at ITINERA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 389,866. Source: NBB ↗
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 552,843 profit in 2022 to € 389,866 profit in 2025.
Paid € 72,719 in corporate taxes since 2022.
Best year ever: 2022, with € 552,843 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
Behind ITINERA is Karel Van den Berghe. It owns 28.4% of Globis Invest and 16.4% of Globis itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Evenbroekveld 34
9420 Erpe-Mere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0468.568.297
- VAT number
- BE 0468.568.297
- Registered office
- Evenbroekveld 34, 9420 Erpe-Mere
- Names & denominations
- ITINERA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1999
- Peppol
- Active · Active since 29 Jul 2024
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