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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INDUSTRIELE TOELEVERING KACHTEM from Izegem, company number BE0895000885, closed financial year 2025 with a result of € -476,246 after tax. For that financial year INDUSTRIELE TOELEVERING KACHTEM recorded revenue of € 17.6 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 24,226 to € -476,246. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 2.9 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -476,246
▼ still € 24,226 profit in 2024
Profit after tax over the fiscal year.
€ 170,949
▲ € 163,212 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2025
56.7
▼ 5.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4 million
▼ 7% vs 2024
€ 71,200 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.
€ 1 million
▼ 10% vs 2024
Of which on lease € 998,480.
Debts at end 2025
€ 2.3 million
▼ 21% vs 2024
€ 154,383 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.7 million
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 816,531
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,885,045 | € 21,816,818 | € 20,102,255 | € 17,647,525 | ▼ 12% |
| Profit after taxes | € 524,157 | € 109,969 | € 24,226 | € -476,246 | ▼ € 500,472 |
| Equity | € 3,301,356 | € 3,311,325 | € 3,335,551 | € 2,859,305 | ▼ 14% |
| Total debts | € 7,420,870 | € 7,188,650 | € 7,093,533 | € 5,840,169 | ▼ 18% |
| Cash | € 15,357 | € 15,827 | € 7,737 | € 170,949 | ▲ € 163,212 |
| Retained profit | € 3,239,856 | € 3,249,825 | € 3,274,051 | € 2,797,805 | ▼ 15% |
| Dividend | € 400,000 | € 100,000 | € 0 | € 0 | |
| Bank debt | € 2,276,819 | € 1,634,122 | € 2,906,930 | € 2,298,724 | ▼ 21% |
| Balance sheet total | € 10,755,552 | € 10,550,564 | € 10,451,649 | € 8,728,448 | ▼ 16% |
| Employees (FTE) | 65.2 | 62.3 | 62.5 | 56.7 | ▼ 5.8 |
Key figures of INDUSTRIELE TOELEVERING KACHTEM, 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 INDUSTRIELE TOELEVERING KACHTEM?
What happened at INDUSTRIELE TOELEVERING KACHTEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fortinum BV stepped down as director. NBB
- GCV Alexander Desplentere stepped down as director. NBB
- BC.M BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 476,246 (▼ € 500,472 vs 2024). Source: NBB ↗
- Fortinum BV became a director. NBB
- GCV Alexander Desplentere became a director. NBB
- BC.M BV became a director. NBB
- New establishment in Izegem. KBO
In short
From € 524,157 profit in 2022 to € 476,246 loss in 2025.
Paid € 319,106 in corporate taxes since 2022.
Best year ever: 2022, with € 524,157 profit.
Paid out € 500,000 in dividends to the owners in total.
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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
The stake of MOL CY, FORTINUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INDUSTRIELE TOELEVERING KACHTEMThe shares are held by MOL CY (100%) and FORTINUM (0.2%).
Directors
According to the 2025 annual accounts
since 2022 · until 2027
Managing director · represented by Alexander Desplentere
since 2022 · until 2027
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Priester Pattynstraat 15
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.000.885
- VAT number
- BE 0895.000.885
- Registered office
- Priester Pattynstraat 15, 8870 Izegem
- Names & denominations
- INDUSTRIELE TOELEVERING KACHTEM · I T K
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 2008
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Verspanend bewerken van metalen
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking
Coating van metalen
Oppervlaktebehandeling van metalen