Financials
Financial year 2025
ITALO from Kortrijk, company number BE0894399287, closed financial year 2025 with a result of € 11,784 after tax. For that financial year ITALO recorded revenue of € 402,000 and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 23,246 to € 11,784. The company is profitable. 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 July 2, 2026.
€ 2.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,784
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 40,097
▲ 194% 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 € 180,776.
People and assets in 2025
0.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 56,888
▼ 7% 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.
€ 57,533
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,011
▼ 31% vs 2024
€ 20,269 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 177,513
▲ € 135,104 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 227 days on average.
€ 10,616
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 222,000 | € 222,000 | € 324,000 | € 402,000 | ▲ 24% |
| Profit after taxes | € 10,254 | € -21,981 | € 23,246 | € 11,784 | ▼ 49% |
| Equity | € 2,665,726 | € 2,643,745 | € 2,666,991 | € 2,678,776 | |
| Total debts | € 1,451,698 | € 1,308,804 | € 1,349,324 | € 1,503,965 | ▲ 11% |
| Cash | € 5,024 | € 29,329 | € 13,620 | € 40,097 | ▲ 194% |
| Retained profit | € 167,726 | € 145,745 | € 168,991 | € 180,776 | ▲ 7% |
| Bank debt | € 0 | € 0 | € 62,608 | € 43,011 | ▼ 31% |
| Balance sheet total | € 4,117,424 | € 3,952,549 | € 4,016,316 | € 4,182,741 | ▲ 4% |
| Employees (FTE) | 1 | 1 | 1 | 0.8 | ▼ 0.2 |
Key figures of ITALO, 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 ITALO?
What happened at ITALO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,784 (▼ 49% vs 2024). Source: NBB ↗
- ETOMA BV became a director. NBB
- New establishment in Kortrijk. KBO
- Yvan OSTYN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,254 profit in 2022 to € 11,784 profit in 2025.
Paid € 20,766 in corporate taxes since 2022.
Best year ever: 2024, with € 23,246 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ITALO are Yvan OSTYN and ETOMA BV. It owns 100% of VERANCLASSIC FRANCE SARL, 99.9% of Thola and 75.1% of Ostyn Facilities itself.
Directors
According to the 2025 annual accounts
Yvan OSTYN
Director
since 2007
since 2023
Establishments
Establishment units
Physical locations of this company
Edward Vermeulenstraat(Mar) 10
8510 Kortrijk
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.
Details
- Company number
- 0894.399.287
- VAT number
- BE 0894.399.287
- Registered office
- Edward Vermeulenstraat(Mar) 10, 8510 Kortrijk
- Names & denominations
- ITALO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2007
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings