Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ITWARE from Sint-Niklaas, company number BE0478516539, closed financial year 2025 with a result of € 4,844 after tax. For that financial year ITWARE recorded a gross margin of € 43,999 and equity of € 80,254. Compared with financial year 2024, the result moved from € 2,374 to € 4,844. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 80,254
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,844
▲ 104% vs 2024
Profit after tax over the fiscal year.
€ 1,072
▼ 58% 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 € 30,254.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,014
▲ 33% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,178
▲ 143% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 112,783
▼ 7% vs 2024
€ 8,060 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 47,671
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,675
▲ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 50,488 | € 18,761 | € 37,665 | € 43,999 | ▲ 17% |
| Profit after taxes | € -25,805 | € -3,363 | € 2,374 | € 4,844 | ▲ 104% |
| Equity | € 76,399 | € 73,036 | € 75,410 | € 80,254 | ▲ 6% |
| Total debts | € 213,523 | € 188,877 | € 176,092 | € 173,682 | ▼ 1% |
| Cash | € 4,253 | € 10,656 | € 2,564 | € 1,072 | ▼ 58% |
| Land & buildings | € 147,159 | € 143,666 | € 140,173 | € 136,680 | ▼ 2% |
| Retained profit | € 26,399 | € 23,036 | € 25,410 | € 30,254 | ▲ 19% |
| Bank debt | € 129,791 | € 130,362 | € 121,367 | € 112,783 | ▼ 7% |
| Balance sheet total | € 289,921 | € 261,912 | € 251,502 | € 253,936 | ▲ 1% |
Key figures of ITWARE, 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 ITWARE?
What happened at ITWARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,844 (▲ 104% vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,806 loss in 2022 to € 4,844 profit in 2025.
Paid € 28,086 in corporate taxes since 2022.
Best year ever: 2025, with € 4,844 profit.
Management
Behind ITWARE is Xavier Alexander.
Directors
According to the 2025 annual accounts
Xavier Alexander
Director
Establishments
Establishment units
Physical locations of this company
Kokkelbeekstraat 43
9100 Sint-Niklaas
Kokkelbeekstraat 125
9100 Sint-Niklaas
Active since 18 October 2002
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0478.516.539
- VAT number
- BE 0478.516.539
- Registered office
- Kokkelbeekstraat 43, 9100 Sint-Niklaas
- Names & denominations
- ITWARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2002
- Peppol
- Active · Active since 13 May 2025
- Contact
- itware.be
- Activities · NACE
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