NORMAL SITUATION

ITAP

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Financial year 2021 · closed on 31/12/2021

Net result

53,8 k €

-18.2% YoY

Gross margin

2 M €

-13.4% YoY

Equity

1,1 M €

-60.0% YoY

Workforce

32,4 ETP

-18.8% YoY

Company — Normal situation.

What does ITAP do?

ITAP is a company registered in Belgium. It employs on average 32,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.685.461

Legal form

Public limited company

Contributed capital

125 000,00 €

Latest accounts

31/12/2021

Average workforce

32,4 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2 M €	-13.4%	2,3 M €	-13.9%	2,6 M €	+11.5%	2,4 M €	+6.4%	2,2 M €	+2.2%	2,2 M €	-4.1%	2,3 M €	+2.6%	2,2 M €	+6.7%	2,1 M €	+11.3%	1,9 M €	-5.0%	1,9 M €	+0.2%	1,9 M €	-2.9%	2 M €	+2.6%	2 M €	+2.4%	1,9 M €	-4.3%	2 M €
EBITDA	99,7 k €	+287%	25,8 k €	-68.3%	81,4 k €	+4.5%	77,9 k €	-33.0%	116,2 k €	-26.4%	157,8 k €	+15.7%	136,4 k €	+8.1%	126,2 k €	+4.0%	121,4 k €	-12.1%	138,1 k €	+3.1%	134 k €	-38.1%	216,4 k €	-20.1%	271 k €	+4.7%	258,9 k €	+37.0%	188,9 k €	-1.0%	190,9 k €
Operating result	99,6 k €	+286%	25,8 k €	-68.3%	81,4 k €	+4.5%	77,9 k €	-33.0%	116,2 k €	-25.7%	156,4 k €	+16.2%	134,5 k €	+8.5%	124 k €	+5.3%	117,8 k €	-8.9%	129,3 k €	+38.8%	93,2 k €	-29.3%	131,7 k €	-12.2%	150 k €	+36.2%	110,2 k €	+31.7%	83,6 k €	-16.2%	99,8 k €
Net result	53,8 k €	-18.2%	65,8 k €	-1.0%	66,5 k €	+6.0%	62,7 k €	-27.8%	86,9 k €	-29.9%	123,9 k €	+1.9%	121,6 k €	-1.7%	123,6 k €	+6.1%	116,6 k €	-16.4%	139,4 k €	+41.3%	98,7 k €	-22.6%	127,5 k €	-15.4%	150,7 k €	+14.5%	131,6 k €	+19.8%	109,9 k €	+1.9%	107,8 k €
Balance sheet
Equity	1,1 M €	-60.0%	2,8 M €	+0.7%	2,8 M €	+2.4%	2,7 M €	+2.3%	2,7 M €	+3.3%	2,6 M €	+5.0%	2,5 M €	+5.2%	2,4 M €	+5.5%	2,2 M €	-3.4%	2,3 M €	+6.4%	2,2 M €	+4.8%	2,1 M €	+6.6%	1,9 M €	+7.4%	1,8 M €	+7.8%	1,7 M €	+7.0%	1,6 M €
Total assets	3,2 M €	-0.2%	3,2 M €	-8.3%	3,5 M €	+11.9%	3,1 M €	+1.0%	3,1 M €	+4.7%	3 M €	+3.8%	2,9 M €	+4.4%	2,7 M €	+4.3%	2,6 M €	-1.1%	2,7 M €	+1.8%	2,6 M €	+7.2%	2,4 M €	+2.8%	2,4 M €	+8.5%	2,2 M €	+4.1%	2,1 M €	+6.9%	2 M €
Cash	109,9 k €	-83.7%	675,7 k €	+2675%	24,4 k €	-30.8%	35,2 k €	+664%	4,6 k €	+39.2%	3,3 k €	+8.1%	3,1 k €	-66.6%	9,2 k €	+4.6%	8,8 k €	-43.0%	15,4 k €	+144%	6,3 k €	+30.4%	4,8 k €	-98.7%	369,7 k €	+4496%	8 k €	-36.8%	12,7 k €	+47.2%	8,6 k €
Debts	2,1 M €	+445%	381,5 k €	-45.0%	693,2 k €	+78.6%	388,1 k €	-7.8%	420,8 k €	+15.1%	365,6 k €	-4.1%	381,2 k €	+0.6%	378,8 k €	-3.3%	391,6 k €	+14.7%	341,3 k €	-21.1%	432,4 k €	+22.8%	352,2 k €	-14.4%	411,3 k €	+16.4%	353,4 k €	-10.2%	393,5 k €	+0.4%	392,1 k €
Other
Workforce	32,4 ETP	-18.8%	39,9 ETP	-1.5%	40,5 ETP	-0.2%	40,6 ETP	+8.8%	37,3 ETP	+7.2%	34,8 ETP	-13.9%	40,4 ETP	0.0%	40,4 ETP	+3.9%	38,9 ETP	+10.8%	35,1 ETP	-10.2%	39,1 ETP	+5.1%	37,2 ETP	-3.1%	38,4 ETP	+2.1%	37,6 ETP	-5.8%	39,9 ETP	-9.9%	44,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 14 ended

Active mandates

Laurent Van Parys (AV 2023)

Director

Active

Marianne Turck (AV 2023)

Director

Active

Renaat Van Parys (AV 2023)

Managing director

Active

Ended mandates

Laurent Van Parys (AV 2023)

Director · since 06 février 2018

Ended

Jan (AV 2010) Van Braekel

Director

Ended

Jan (AV 2016) Van Braekel

Director

Ended

Jan Van Braekel

Director · until 06 février 2018

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2022	29/10/2021	07/10/2020	22/08/2019	23/07/2018	13/07/2017
General meeting	13/06/2022	14/06/2021	07/09/2020	11/06/2019	11/06/2018	12/06/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	13/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	07/09/2020	07/10/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	28/08/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	14/06/2011	19/12/2011	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	15/09/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	24/08/2007	Dutch	PDF
Abridged model	31/12/2005	12/06/2006	24/07/2006	Dutch	PDF
Abridged model	31/12/2004	13/06/2005	15/07/2005	Dutch	PDF
Abridged model	31/12/2003	14/06/2004	16/07/2004	Dutch	PDF
Abridged model	31/12/2002	10/06/2003	30/07/2003	Dutch	PDF
Abridged model	31/12/2001	10/06/2002	12/07/2002	Dutch	PDF
Abridged model	31/12/2000	11/06/2001	19/07/2001	Dutch	PDF
Abridged model	31/12/1999	13/06/2000	13/07/2000	Dutch	PDF

View all 36 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 14 ended

Active mandates

Laurent Van Parys (AV 2023)

Director

Active

Marianne Turck (AV 2023)

Director

Active

Renaat Van Parys (AV 2023)

Managing director

Active

Ended mandates

Laurent Van Parys (AV 2023)

Director · since 06 février 2018

Ended

Jan (AV 2010) Van Braekel

Director

Ended

Jan (AV 2016) Van Braekel

Director

Ended

Jan Van Braekel

Director · until 06 février 2018

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 202153,8 k €↓
2020
Annual accounts 202065,8 k €↓
2019
Annual accounts 201966,5 k €↑
2018
Annual accounts 201862,7 k €↓
2017
Annual accounts 201786,9 k €↓
2016
Annual accounts 2016123,9 k €↑
2015
Annual accounts 2015121,6 k €↓
2014
Annual accounts 2014123,6 k €↑
2013
Annual accounts 2013116,6 k €↓
2012
Annual accounts 2012139,4 k €↑
2011
Annual accounts 201198,7 k €↓
2010
Annual accounts 2010127,5 k €↓
2009
Annual accounts 2009150,7 k €↑
2008
Annual accounts 2008131,6 k €↑
2007
Annual accounts 2007109,9 k €↑
2006
Annual accounts 2006107,8 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ITAP

Overview

What does ITAP do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline