ACTIVE

I.T.M. BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

3,9 M €

-14.9% YoY

Revenue

10,4 M €

+9.4% YoY

Equity

3,3 M €

+629.1% YoY

Workforce

47,1 ETP

+84.7% YoY

What does I.T.M. BELGIUM do?

I.T.M. BELGIUM is a Public limited company incorporated in 1991. Its main activity is: Activities of holding companies. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 47,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.175.173

Incorporation

15/05/1991

Legal form

Public limited company

Registered office

Rue du Bosquet 4
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

12 229 655,75 €

Latest accounts

31/12/2025

Average workforce

47,1 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	10,4 M €	+9.4%	9,5 M €	+49.6%	6,4 M €	+44.9%	4,4 M €	+7.0%	4,1 M €	+68.3%	2,4 M €	+2.6%	2,4 M €	-1.6%	2,4 M €	-2.8%	2,5 M €	-44.3%	4,5 M €	-38.0%	7,2 M €	+16.1%	6,2 M €
EBITDA	6,3 M €	+0.0%	6,3 M €	+109%	3 M €	+249%	864 k €	+16.5%	741,9 k €	-37.0%	1,2 M €	-64.9%	3,4 M €	+901%	-418,9 k €	-105%	9,2 M €	+256%	-5,9 M €	-998%	656,5 k €	+149%	-1,3 M €
Operating result	6,1 M €	-0.7%	6,1 M €	+109%	2,9 M €	+270%	791,2 k €	-7.5%	855,1 k €	-22.3%	1,1 M €	-66.5%	3,3 M €	+529%	-767,4 k €	-109%	9 M €	+252%	-5,9 M €	-1566%	405,3 k €	+121%	-1,9 M €
Net result	3,9 M €	-14.9%	4,6 M €	+143%	1,9 M €	+136%	803,1 k €	+9.1%	736,1 k €	+1081%	62,3 k €	-94.0%	1 M €	+336%	-443 k €	-111%	4,2 M €	+311%	-2 M €	+20.6%	-2,5 M €	+44.7%	-4,5 M €
Balance sheet
Equity	3,3 M €	+629%	-622,1 k €	+88.1%	-5,2 M €	+26.6%	-7,1 M €	+10.1%	-7,9 M €	+15.8%	-9,4 M €	+0.7%	-9,5 M €	+9.9%	-10,5 M €	-4.4%	-10,1 M €	+29.3%	-14,2 M €	-16.1%	-12,3 M €	-25.4%	-9,8 M €
Total assets	17,4 M €	+46.5%	11,9 M €	+6.0%	11,2 M €	+16.4%	9,6 M €	+28.1%	7,5 M €	-14.1%	8,7 M €	-3.3%	9 M €	-15.3%	10,7 M €	-35.0%	16,4 M €	-79.6%	80,5 M €	-10.4%	89,9 M €	+2.6%	87,6 M €
Cash	3,4 M €	+61.3%	2,1 M €	+622%	296 k €	-89.4%	2,8 M €	+45.8%	1,9 M €	-50.4%	3,9 M €	+24.3%	3,1 M €	+14.4%	2,7 M €	-29.5%	3,9 M €	+171%	1,4 M €	-7.4%	1,5 M €	+1035%	135,8 k €
Debts	14 M €	+12.4%	12,5 M €	-24.0%	16,4 M €	-1.8%	16,7 M €	+8.4%	15,4 M €	-14.6%	18 M €	+1.1%	17,8 M €	-4.0%	18,6 M €	-28.0%	25,8 M €	-70.1%	86,2 M €	-14.5%	100,9 M €	+5.3%	95,8 M €
Other
Workforce	47,1 ETP	+84.7%	25,5 ETP	+22.0%	20,9 ETP	+1.0%	20,7 ETP	+10.7%	18,7 ETP	-9.7%	20,7 ETP	-4.2%	21,6 ETP	-10.4%	24,1 ETP	-3.6%	25,0 ETP	-27.1%	34,3 ETP	+9.2%	31,4 ETP	+17.2%	26,8 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 31/12/2025 · 4 active · 23 ended

Active mandates

BENOIT DEBUSSCHERE

Director · since 01 novembre 2025 · until 01 novembre 2031

Active

EMMANUEL CORIA

Director · since 01 novembre 2025 · until 01 novembre 2031

Active

LAURENT BOUTBIEN

Director · since 22 septembre 2025 · until 22 septembre 2031

Active

PHILIPPE GUILPAIN

Director · since 30 novembre 2023 · until 30 novembre 2029

Active

Ended mandates

ANTOINE FLORIVAL

Managing director · since 01 juillet 2024 · until 30 juin 2030

Ended

PHILIPPE GUILPAIN

Managing director · since 30 novembre 2023 · until 29 novembre 2029

Ended

CEDRIC DEGAVRE

Managing director · since 30 novembre 2022 · until 27 juin 2028

Ended

CEDRIC DEGAVRE

Managing director · since 01 juillet 2021 · until 30 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
ARSCOTIM● Active	0802.441.309
BOISDIS● Active	0876.992.737
EMCA Distribution● Active	0664.578.375
FLORIDIS● Active	0808.038.902
IMMO AVAL BELGIUM● Active	0456.398.955
IMMOBILIERE EUROPEENNE DES MOUSQUETAIRES BELGIQUE● Active	0537.167.984
IMMO MOUSQUETAIRES BELGIUM● Active	0846.449.021
ITM ALIMENTAIRE BELGIUM● Active	0458.113.776
ITM Management● Active	0451.146.109
NANINVEST● Active	0698.651.705
OLA DISTRIBUTION● Active	0776.561.412
ORPECO● Active	0861.988.223
PYZENCO● Active	0805.412.279
Rhisninter● Active	0833.890.588
TIENIM● Active	0802.441.012
UNION DES MOUSQUETAIRES● Active	0502.694.184
WALHAINTER● Active	0893.138.485

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/07/2026	22/09/2025	30/07/2024	25/07/2023	09/06/2023	31/08/2021
General meeting	30/06/2026	18/09/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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
Full model	31/12/2025	30/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	18/09/2025	22/09/2025	French	PDF
Full model	31/12/2023	25/06/2024	30/07/2024	French	PDF
Full model	31/12/2022	27/06/2023	25/07/2023	French	PDF
Full modelCorrection	31/12/2021	28/06/2022	09/06/2023	French	PDF
Full model	31/12/2021	28/06/2022	23/08/2022	French	PDF
Full model	31/12/2020	29/06/2021	31/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	14/08/2020	French	PDF
Full model	31/12/2018	25/06/2019	22/07/2019	French	PDF
Full model	31/12/2017	26/06/2018	22/08/2018	French	PDF
Full model	31/12/2016	27/06/2017	03/07/2017	French	PDF
Full model	31/12/2015	28/06/2016	26/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	27/08/2015	French	PDF
Full model	31/12/2013	24/06/2014	07/07/2014	French	PDF
Full model	31/12/2012	25/06/2013	22/07/2013	French	PDF
Full model	31/12/2011	26/06/2012	13/08/2012	French	PDF
Full model	31/12/2010	28/06/2011	18/07/2011	French	PDF
Full model	31/12/2009	29/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	22/07/2009	18/08/2009	French	PDF
Full model	31/12/2007	15/07/2008	19/08/2008	French	PDF
Full modelCorrection	31/12/2006	26/06/2007	21/09/2007	French	PDF
Full model	31/12/2006	26/06/2007	03/08/2007	French	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 31/12/2025 · 4 active · 23 ended

Active mandates

BENOIT DEBUSSCHERE

Director · since 01 novembre 2025 · until 01 novembre 2031

Active

EMMANUEL CORIA

Director · since 01 novembre 2025 · until 01 novembre 2031

Active

LAURENT BOUTBIEN

Director · since 22 septembre 2025 · until 22 septembre 2031

Active

PHILIPPE GUILPAIN

Director · since 30 novembre 2023 · until 30 novembre 2029

Active

Ended mandates

ANTOINE FLORIVAL

Managing director · since 01 juillet 2024 · until 30 juin 2030

Ended

PHILIPPE GUILPAIN

Managing director · since 30 novembre 2023 · until 29 novembre 2029

Ended

CEDRIC DEGAVRE

Managing director · since 30 novembre 2022 · until 27 juin 2028

Ended

CEDRIC DEGAVRE

Managing director · since 01 juillet 2021 · until 30 juin 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring09/12/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/09/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/08/2024
DEMISSIONS, NOMINATIONS
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 20253,9 M €↓
01/11/2025
nominationEmmanuel CORIA — administrateur
01/11/2025
nominationBenoit DEBUSSCHERE — administrateur
23/09/2025
nominationLaurent Boutbien — administrateur délégué
22/09/2025
nominationLaurent BOUTBIEN — administrateur
06/05/2025
nominationArnaud Meyrant — directeur exécutif / CEO
2024
Annual accounts 20244,6 M €↑
01/07/2024
nominationAntoine FLORIVAL — administrateur délégué
25/06/2024
nominationKPMG Réviseurs d'Entreprises BV/SRL — commissaire
25/06/2024
nominationGrégory Gonzalez Rodriguez — représentant permanent
2023
Annual accounts 20231,9 M €↑
30/11/2023
nominationPhilippe GUILPAIN — administrateur
2022
Annual accounts 2022803,1 k €↑
30/11/2022
nominationCédric DEGAVRE — administrateur délégué
30/11/2022
reconductionPhilippe DE BREUCK — administrateur délégué
01/01/2022
nominationGrégory Gonzalez Rodriguez — représentant permanent du commissaire KPMG Réviseurs d'Entreprises
2021
Annual accounts 2021736,1 k €↑
01/07/2021
nominationCédric DEGAVRE — administrateur
2016
Annual accounts 201662,3 k €↓
2015
Annual accounts 20151 M €↑
2014
Annual accounts 2014-443 k €↓
2013
Annual accounts 20134,2 M €↑
2012
Annual accounts 2012-2 M €↑
2011
Annual accounts 2011-2,5 M €↑
2010
Annual accounts 2010-4,5 M €
15/05/1991
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

I.T.M. BELGIUM

Overview

What does I.T.M. BELGIUM do?

Trend over 12 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