ACTIVE

Ithaka

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Financial year 2025 · closed on 31/12/2025

Net result

-23,1 k €

+0.5% YoY

Revenue

57,1 k €

+67.8% YoY

Equity

1,3 M €

+5.4% YoY

What does Ithaka do?

Ithaka is a Non-profit organization incorporated in 1984. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.683.769

Incorporation

24/04/1984

Legal form

Non-profit organization

Registered office

Vlotstraat 22
9000 Gent · FlandreSee on map

Latest accounts

31/12/2025

Signals

Solid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2018		2017
Income statement
Revenue	57,1 k €	+67.8%	34 k €	-6.7%	36,5 k €	-11.8%	41,4 k €	-20.8%	52,2 k €	-92.1%	659,7 k €		–		645,7 k €
EBITDA	2,4 k €	+135%	-6,9 k €	-103%	258,2 k €	-23.9%	339,5 k €	+896%	34,1 k €	-9.0%	37,4 k €	-48.5%	72,7 k €	+67.8%	43,3 k €
Operating result	-25,8 k €	+20.2%	-32,3 k €	-114%	225,4 k €	-26.3%	305,8 k €	+3118%	-10,1 k €	-3.2%	-9,8 k €	-126%	37,5 k €	+724%	4,5 k €
Net result	-23,1 k €	+0.5%	-23,2 k €	-110%	222,1 k €	-26.3%	301,6 k €	+2703%	-11,6 k €	-0.2%	-11,6 k €	-132%	35,7 k €	-94.5%	655,4 k €
Balance sheet
Equity	1,3 M €	+5.4%	1,2 M €	-1.9%	1,2 M €	+22.3%	997,7 k €	+43.3%	696,1 k €	-1.6%	707,7 k €	+2.7%	689,1 k €	+5.5%	653,3 k €
Total assets	1,3 M €	+4.5%	1,2 M €	-2.5%	1,2 M €	+21.4%	1 M €	+39.7%	735,2 k €	-12.9%	844,5 k €	+0.9%	836,8 k €	+1.0%	828,6 k €
Cash	40,4 k €	-24.6%	53,6 k €	-93.8%	867,4 k €	+8.7%	798,1 k €	+89.4%	421,4 k €	+83.6%	229,5 k €	-1.4%	232,6 k €	+28.9%	180,4 k €
Debts	–		9,9 k €	-46.2%	18,4 k €	-36.0%	28,7 k €	-25.7%	38,6 k €	-71.7%	136,8 k €	-7.4%	147,7 k €	-15.7%	175,3 k €
Other
Workforce	–		–		–		–		–		8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 9 ended

Active mandates

Alex Leemans

Mandate

Active

Filip Gijssels

Mandate

Active

Joris Vermeulen

Mandate

Active

Lieve De Bock

Mandate

Active

Marijke Goossens

Mandate

Active

Roland Stockman

Mandate

Active

Rudi Reyntjens

Mandate

Active

Trees Schaumont

Mandate

Active

Ended mandates

ALEX LEEMANS

Director

Ended

Bram Vermeulen

Mandate

Ended

FILIP GIJSSELS

Director

Ended

JORIS VERMEULEN

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Toreke● Active	0838.248.759

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	19/06/2025	15/06/2024	11/06/2023	20/07/2022	19/06/2021
General meeting	16/06/2026	18/06/2025	10/06/2024	07/06/2023	18/07/2022	15/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	18/06/2026	Dutch	PDF
Micro model	31/12/2024	18/06/2025	19/06/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	15/06/2024	Dutch	PDF
Micro model	31/12/2022	07/06/2023	11/06/2023	Dutch	PDF
Micro model	31/12/2021	18/07/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	19/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/10/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/05/2013	30/05/2013	Dutch	PDF
Abridged model	31/12/2011	24/05/2012	28/06/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	14/06/2011	24/11/2011	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	23/06/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	10/06/2008	08/12/2008	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 8 active · 9 ended

Active mandates

Alex Leemans

Mandate

Active

Filip Gijssels

Mandate

Active

Joris Vermeulen

Mandate

Active

Lieve De Bock

Mandate

Active

Marijke Goossens

Mandate

Active

Roland Stockman

Mandate

Active

Rudi Reyntjens

Mandate

Active

Trees Schaumont

Mandate

Active

Ended mandates

ALEX LEEMANS

Director

Ended

Bram Vermeulen

Mandate

Ended

FILIP GIJSSELS

Director

Ended

JORIS VERMEULEN

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/01/2024
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2010
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-23,1 k €↑
2024
Annual accounts 2024-23,2 k €↓
2023
Annual accounts 2023222,1 k €↓
2022
Annual accounts 2022301,6 k €↑
2021
Annual accounts 2021-11,6 k €↓
2020
Annual accounts 2020-11,6 k €↓
2018
Annual accounts 201835,7 k €↓
2017
Annual accounts 2017655,4 k €
24/04/1984
IncorporationNon-profit organization

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

Ithaka

Overview

What does Ithaka do?

Trend over 8 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline