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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ITZU REAL ESTATE from Hasselt, company number BE0674771491, closed financial year 2025 with a result of € 12,291 after tax. For that financial year ITZU REAL ESTATE recorded revenue of € 68,912 and equity of € -125,949. Compared with financial year 2024, the result moved from € 30,187 to € 12,291. The company is profitable. 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 September 14, 2026.
€ -125,949
▲ € 12,291 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,291
▼ 59% vs 2024
Profit after tax over the fiscal year.
€ 35,178
▲ € 34,172 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 € -144,549.
Debts at end 2025
€ 336,025
▼ 10% vs 2024
€ 37,079 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 12,072
▲ 175% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 116 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 68,912 | |
| Gross margin | € 751,737 | € 56,071 | € 65,147 | - | |
| Profit after taxes | € -109,688 | € 27,647 | € 30,187 | € 12,291 | ▼ 59% |
| Equity | € -196,073 | € -168,426 | € -138,240 | € -125,949 | ▲ € 12,291 |
| Total debts | € 1,601,092 | € 1,433,326 | € 1,360,954 | € 1,379,588 | ▲ 1% |
| Cash | € 164,478 | € 24,909 | € 1,006 | € 35,178 | ▲ € 34,172 |
| Land & buildings | € 558,402 | € 533,882 | € 509,362 | € 484,842 | ▼ 5% |
| Retained profit | € -214,673 | € -187,026 | € -156,840 | € -144,549 | ▲ € 12,291 |
| Bank debt | € 445,715 | € 409,272 | € 372,521 | € 336,025 | ▼ 10% |
| Balance sheet total | € 1,405,019 | € 1,264,900 | € 1,222,714 | € 1,253,639 | ▲ 3% |
Key figures of ITZU REAL ESTATE, 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 ITZU REAL ESTATE?
What happened at ITZU REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,291 (▼ 59% vs 2024). filed late Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
- Luc Lormans became a director. NBB
- Koen Janssen became a director. NBB
- Louis Kemps became a director. NBB
In short
From € 109,688 loss in 2022 to € 12,291 profit in 2025.
Best year ever: 2024, with € 30,187 profit.
Pays suppliers within 116 days on average.
Management
Behind ITZU REAL ESTATE are Luc Lormans, Koen Janssen and Louis Kemps. It owns 50% of Vivamus Housing itself.
Directors
According to the 2025 annual accounts
Luc Lormans
Director
Also active at: VOKA - Kamer van Koophandel Limburg, K. RACING CLUB GENK 322, Eazer Facility, DIMACOM, AVANCE MATCHING PROFESSIONALS, Itzu Home, Certimvest, ITZU +6 more
since 2017
Koen Janssen
Director
Also active at: ILGAT BUSINESS PARK, Eazer Facility, ITZU, Mise en Place BE, ITZU Training, YourWork, VIVAMUS HOUSING, Itzu Jobs +3 more
since 2017
Louis Kemps
Director
Also active at: Certimed, MENSURA Service Externe de Prévention et de Protection au travail, B.S.F., ILGAT BUSINESS PARK, RABBIT, Eazer Facility, Itzu Home, ADDED VALUE SERVICES +19 more
since 2017
Establishments
Establishment units
Physical locations of this company
Ilgatlaan 15 box 0.01
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →B.S.F. same network
€ 21,414 gross margin · 2025
ILGAT BUSINESS PARK same network
€ 445,667 revenue · 2025
Natuur en Wildbeheer
AVANCE MATCHING PROFESSIONALS same network
€ 355,249 gross margin · 2025
FLEXU
€ 9,339 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0674.771.491
- VAT number
- BE 0674.771.491
- Registered office
- Ilgatlaan 15 bus 0.01, 3500 Hasselt
- Names & denominations
- ITZU REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2017
- Peppol
- Not registered