ACTIVE

TRUE IT

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Financial year 2024 · closed on 31/12/2024
Net result
7,1 k €
-66.7% YoY
Gross margin
35,4 k €
-51.0% YoY
Equity
165,4 k €
+1.3% YoY

What does TRUE IT do?

TRUE IT is a Cooperative company with limited liability incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Herk-de-Stad.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.913.919
Incorporation
24/01/1997
Legal form
Cooperative company with limited liability
Registered office
Grotstraat 33/2
3540 Herk-de-Stad · FlandreSee on map
Contributed capital
52 673,00 €
Latest accounts
31/12/2024
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities
Joint committees (2)
  • 100
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202420232022202120132012201120102009200820072006
Income statement
Gross margin35,4 k €72,3 k €36,4 k €93,9 k €18,4 k €30,4 k €6,5 k €-11,2 k €248,8 k €289,7 k €238,6 k €106,9 k €
EBITDA30,3 k €53,9 k €17,8 k €78,7 k €16,5 k €18,3 k €7,1 k €-70 k €7,5 k €-17,5 k €50,7 k €-16,4 k €
Operating result13,9 k €37,3 k €3,1 k €78,1 k €13,2 k €17,8 k €6,6 k €-75,5 k €-4 k €-38,7 k €22 k €-58,7 k €
Net result7,1 k €21,2 k €-1,8 k €55,9 k €6,1 k €11,8 k €7,1 k €-82,4 k €-11,3 k €40 k €5,1 k €-73,9 k €
Balance sheet
Equity165,4 k €163,3 k €163,5 k €165,3 k €-9,5 k €-15,5 k €-27,4 k €-34,5 k €47,9 k €59,2 k €72,6 k €67,5 k €
Total assets406 k €427,5 k €422,8 k €235,4 k €38,1 k €31,3 k €39,9 k €47,4 k €135,3 k €426,4 k €488,8 k €405,1 k €
Cash2,5 k €2,7 €1,4 k €39,7 k €524,7 €–524,7 €204,7 €15,5 k €11,4 k €–54 €
Debts240,6 k €263,8 k €259,3 k €70,1 k €47,5 k €46,8 k €67,3 k €81,9 k €72,2 k €337,2 k €396,8 k €337,6 k €
Other
Workforce–––––––0,9 ETP4,4 ETP5,4 ETP4,4 ETP3,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 19 ended

Active mandates

Ive Vanlee

Managing director · since 01 octobre 2020

Active
Rony Vanlee

Managing director · since 01 octobre 2020

Active

Ended mandates

Ive Vanlee

Gedelegeerd bestuurder · since 01 octobre 2020

Ended
Rony Vanlee

Gedelegeerd bestuurder · since 01 octobre 2020

Ended
Limelight Information Technologies V.O.F.

Director · since 12 mai 2016 · 0557.955.084

Represented by Ive Vanlee

Ended
EXTRA MUROS

Managing director · since 24 février 2010 · 0444.463.995

Represented by Rony Vanlee

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/10/202530/08/202429/09/202330/09/202228/10/202128/08/2020
General meeting02/06/202531/05/202431/05/202331/05/202231/05/202131/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202402/06/202530/10/2025DutchPDF
Micro model31/12/202331/05/202430/08/2024DutchPDF
Micro model31/12/202231/05/202329/09/2023DutchPDF
Micro model31/12/202131/05/202230/09/2022DutchPDF
Micro model31/12/202031/05/202128/10/2021DutchPDF
Micro model31/12/201931/05/202028/08/2020DutchPDF
Micro model31/12/201831/05/201929/08/2019DutchPDF
Micro model31/12/201731/05/201831/08/2018DutchPDF
Micro model31/12/201631/05/201731/08/2017DutchPDF
Abridged model31/12/201531/05/201631/08/2016DutchPDF
Abridged model31/12/201431/05/201528/10/2015DutchPDF
Abridged model31/12/201331/05/201412/06/2014DutchPDF
Abridged model31/12/201231/05/201330/08/2013DutchPDF
Abridged model31/12/201131/05/201221/02/2013DutchPDF
Abridged model31/12/201031/05/201121/12/2011DutchPDF
Abridged model31/12/200931/05/201031/08/2010DutchPDF
Abridged model31/12/200801/06/200904/07/2009DutchPDF
Abridged model31/12/200731/05/200823/07/2008DutchPDF
Abridged model31/12/200631/05/200730/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 2 active · 19 ended

Active mandates

Ive Vanlee

Managing director · since 01 octobre 2020

Active
Rony Vanlee

Managing director · since 01 octobre 2020

Active

Ended mandates

Ive Vanlee

Gedelegeerd bestuurder · since 01 octobre 2020

Ended
Rony Vanlee

Gedelegeerd bestuurder · since 01 octobre 2020

Ended
Limelight Information Technologies V.O.F.

Director · since 12 mai 2016 · 0557.955.084

Represented by Ive Vanlee

Ended
EXTRA MUROS

Managing director · since 24 février 2010 · 0444.463.995

Represented by Rony Vanlee

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/03/2026
    Bekrachtiging ontslag en benoeming (gedelegeerd) bestuurder(s) en
    PDF
  • Other17/06/2016
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Court decision10/11/2014
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Court decision08/04/2014
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Mandates30/05/2011
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/05/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/06/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2007
    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

Timeline

  1. 2024
    Annual accounts 20247,1 k €↓
  2. 2023
    Annual accounts 202321,2 k €↑
  3. 2022
    Annual accounts 2022-1,8 k €↓
  4. 2021
    Annual accounts 202155,9 k €↑
  5. 2013
    Annual accounts 20136,1 k €↓
  6. 2012
    Annual accounts 201211,8 k €↑
  7. 2011
    Annual accounts 20117,1 k €↑
  8. 2010
    Annual accounts 2010-82,4 k €↓
  9. 2009
    Annual accounts 2009-11,3 k €↓
  10. 2008
    Annual accounts 200840 k €↑
  11. 2007
    Annual accounts 20075,1 k €↑
  12. 2006
    Annual accounts 2006-73,9 k €
  13. 24/01/1997
    IncorporationCooperative company with limited liability