ACTIVE

ITEC

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Financial year 2023 · closed on 31/12/2023

Net result

1,9 M €

-38.3% YoY

Revenue

17 M €

+2.4% YoY

Equity

3,7 M €

+2.5% YoY

Workforce

20,7 ETP

-11.5% YoY

What does ITEC do?

ITEC is a Public limited company incorporated in 1991. Its registered office is in Hoogstraten. It employs on average 20,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.149.241

Incorporation

01/06/1991

Legal form

Public limited company

Registered office

John Lijsenstraat 49
2321 Hoogstraten · FlandreSee on map

Contributed capital

378 368,69 €

Latest accounts

31/12/2023

Average workforce

20,7 ETP

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	17 M €	+2.4%	16,6 M €	-0.8%	16,7 M €	-18.3%	20,5 M €	+10.8%	18,5 M €	+10.0%	16,8 M €	+24.3%	13,5 M €	-8.0%	14,7 M €	-1.5%	14,9 M €	-7.4%	16,1 M €	-11.2%	18,1 M €	-4.1%	18,9 M €	-7.4%	20,4 M €	+60.1%	12,8 M €	-8.1%	13,9 M €	-0.2%	13,9 M €	+9.0%	12,8 M €
EBITDA	4,6 M €	-25.0%	6,2 M €	-5.1%	6,5 M €	-7.3%	7 M €	+58.4%	4,4 M €	+13.4%	3,9 M €	-3.0%	4 M €	-5.6%	4,3 M €	+14.7%	3,7 M €	-15.6%	4,4 M €	-19.9%	5,5 M €	-16.7%	6,6 M €	-2.3%	6,8 M €	+59.2%	4,2 M €	+80.2%	2,4 M €	+38.9%	1,7 M €	+432%	318,5 k €
Operating result	2,5 M €	-41.3%	4,3 M €	+2.4%	4,2 M €	+6.0%	4 M €	+9.8%	3,6 M €	+7.4%	3,4 M €	-18.0%	4,1 M €	+3.8%	3,9 M €	+432%	741,5 k €	-47.7%	1,4 M €	-46.5%	2,7 M €	-18.9%	3,3 M €	-10.4%	3,7 M €	-7.0%	3,9 M €	+70.5%	2,3 M €	+85.2%	1,2 M €	+358%	271,3 k €
Net result	1,9 M €	-38.3%	3,1 M €	+0.2%	3,1 M €	-4.9%	3,3 M €	+12.1%	2,9 M €	+5.2%	2,8 M €	-17.7%	3,4 M €	+15.1%	2,9 M €	+944%	282,5 k €	-57.0%	657,5 k €	+351%	145,8 k €	-89.5%	1,4 M €	+30.4%	1,1 M €	-59.2%	2,6 M €	+83.3%	1,4 M €	+90.0%	746,8 k €	+545%	115,8 k €
Balance sheet
Equity	3,7 M €	+2.5%	3,6 M €	-4.3%	3,7 M €	-13.2%	4,3 M €	-43.5%	7,6 M €	-32.5%	11,3 M €	+33.0%	8,5 M €	+11.8%	7,6 M €	+63.9%	4,6 M €	+6.5%	4,3 M €	-2.1%	4,4 M €	+3.4%	4,3 M €	-7.9%	4,6 M €	+29.6%	3,6 M €	+264%	985,1 k €	+20.7%	815,9 k €	-39.2%	1,3 M €
Total assets	7 M €	-7.0%	7,5 M €	+13.5%	6,6 M €	-26.0%	9 M €	-11.2%	10,1 M €	-25.4%	13,6 M €	+35.2%	10 M €	-1.0%	10,1 M €	+44.9%	7 M €	+4.4%	6,7 M €	-35.6%	10,4 M €	-24.3%	13,7 M €	-30.1%	19,7 M €	-11.7%	22,2 M €	+246%	6,4 M €	+33.9%	4,8 M €	+100%	2,4 M €
Cash	209,9 k €	-9.8%	232,6 k €	+75.2%	132,7 k €	+60.6%	82,7 k €	-31.3%	120,3 k €	-85.7%	841,7 k €	-67.4%	2,6 M €	+3357%	74,8 k €	-33.8%	112,9 k €	+3.5%	109,1 k €	-84.8%	718,9 k €	+175%	261,7 k €	-57.7%	618 k €	+80.2%	343 k €	+128%	150,1 k €	+222%	46,6 k €	-29.0%	65,7 k €
Debts	1,3 M €	-52.2%	2,7 M €	+85.4%	1,5 M €	-39.5%	2,4 M €	+67.6%	1,4 M €	+27.9%	1,1 M €	+23.3%	910,7 k €	-53.0%	1,9 M €	-5.3%	2 M €	+14.9%	1,8 M €	-67.8%	5,5 M €	-36.3%	8,7 M €	-40.5%	14,6 M €	-20.2%	18,3 M €	+246%	5,3 M €	+36.5%	3,9 M €	+265%	1,1 M €
Other
Workforce	20,7 ETP	-11.5%	23,4 ETP	-0.8%	23,6 ETP	+7.8%	21,9 ETP	-11.0%	24,6 ETP	-0.4%	24,7 ETP	-3.9%	25,7 ETP	-5.9%	27,3 ETP	-18.5%	33,5 ETP	-9.0%	36,8 ETP	-11.8%	41,7 ETP	+5.8%	39,4 ETP	+50.4%	26,2 ETP	+41.6%	18,5 ETP	-15.5%	21,9 ETP	-12.7%	25,1 ETP	-36.9%	39,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 25 ended

Active mandates

Felicitatem Investments

Mandate · 0875.146.965

Represented by Rob Timmermans

Active

Ended mandates

Felicitatem Investments

Chairman of the board of directors · since 22 décembre 2020 · until 22 décembre 2026 · 0875.146.965

Represented by Henry Van Den Heuvel

Ended

Felicitatem Investments

Chairman of the board of directors · since 19 septembre 2018 · until 30 juin 2024 · 0875.146.965

Represented by Henry Van Den Heuvel

Ended

Contento BV

Director · since 01 janvier 2017 · until 22 décembre 2020

Represented by Rob Timmermans

Ended

Contento BV

Director · since 01 janvier 2017 · until 30 juin 2022

Represented by Rob Timmermans

Ended

At this address

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Malve● Active	1003.481.628

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2025	17/03/2025	27/02/2023	29/12/2022	05/05/2021	06/07/2020
General meeting	10/12/2024	10/12/2024	02/02/2023	22/12/2022	27/11/2020	08/10/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	10/12/2024	28/04/2025	Dutch	PDF
Full model	31/12/2022	10/12/2024	17/03/2025	Dutch	PDF
Full model	31/12/2021	02/02/2023	27/02/2023	Dutch	PDF
Full model	31/12/2020	22/12/2022	29/12/2022	Dutch	PDF
Full model	31/12/2019	27/11/2020	05/05/2021	Dutch	PDF
Full model	31/12/2018	08/10/2019	06/07/2020	Dutch	PDF
Full model	31/12/2017	19/09/2018	31/12/2018	Dutch	PDF
Full model	31/12/2016	30/08/2017	12/09/2017	Dutch	PDF
Full model	31/12/2015	31/08/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	31/08/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	30/08/2014	31/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	01/02/2013	28/02/2013	Dutch	PDF
Full model	31/12/2010	17/06/2011	07/02/2013	Dutch	PDF
Full model	31/12/2009	18/06/2010	13/08/2012	Dutch	PDF
Full model	31/12/2008	19/06/2009	16/12/2010	Dutch	PDF
Full model	30/06/2007	22/08/2007	19/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2023 · 1 active · 25 ended

Active mandates

Felicitatem Investments

Mandate · 0875.146.965

Represented by Rob Timmermans

Active

Ended mandates

Felicitatem Investments

Chairman of the board of directors · since 22 décembre 2020 · until 22 décembre 2026 · 0875.146.965

Represented by Henry Van Den Heuvel

Ended

Felicitatem Investments

Chairman of the board of directors · since 19 septembre 2018 · until 30 juin 2024 · 0875.146.965

Represented by Henry Van Den Heuvel

Ended

Contento BV

Director · since 01 janvier 2017 · until 22 décembre 2020

Represented by Rob Timmermans

Ended

Contento BV

Director · since 01 janvier 2017 · until 30 juin 2022

Represented by Rob Timmermans

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/03/2024
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/07/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates04/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/11/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2017
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

2023
Annual accounts 20231,9 M €↓
2022
Annual accounts 20223,1 M €↑
2021
Annual accounts 20213,1 M €↓
2020
Annual accounts 20203,3 M €↑
2019
Annual accounts 20192,9 M €↑
2018
Annual accounts 20182,8 M €↓
2017
Annual accounts 20173,4 M €↑
2016
Annual accounts 20162,9 M €↑
2015
Annual accounts 2015282,5 k €↓
2014
Annual accounts 2014657,5 k €↑
2013
Annual accounts 2013145,8 k €↓
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20102,6 M €↑
2009
Annual accounts 20091,4 M €↑
2008
Annual accounts 2008746,8 k €↑
2008
Name changeITEC
2007
Annual accounts 2007115,8 k €
2007
Name changeOGB/TOPDEAL
01/06/1991
IncorporationPublic limited company

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

ITEC

Overview

What does ITEC do?

Trend over 17 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