ACTIVE

ITHACA

Financial year 2025 · Closed on 31/12/2025

Net result10,1 k €+14,8 %over 1 year

Gross margin14,9 k €+12,1 %over 1 year

Equity16,9 k €+149,4 %over 1 year

Identity

Source · BCE/KBO

ITHACA is a Private limited company incorporated in 1997. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Enghien.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0460.927.370
Incorporation: 25/06/1997
Legal form: Private limited company
Registered office: Rue Caremberg(P.E.) 21
7850 Enghien · WallonieSee on map
Contributed capital: 18 600,92 €
Latest accounts: 31/12/2025

Activities (NACE)

46392Non-specialised wholesale of food, beverages and tobacco· main 46392Non-specialised wholesale of food, beverages and tobacco 51392Air transport 46319Wholesale of fruit and vegetables 46319Wholesale of fruit and vegetables 51310Air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	14,9 k €	+12.1%	13,3 k €	+583%	-2,7 k €	-176%	3,6 k €	+133%	-11 k €
EBITDA	14,1 k €	+14.9%	12,3 k €	+402%	-4,1 k €	-253%	2,7 k €	+121%	-12,7 k €
Operating result	11,2 k €	+26.4%	8,9 k €	+217%	-7,6 k €	-204%	-2,5 k €	+85.7%	-17,5 k €
Net result	10,1 k €	+14.8%	8,8 k €	+209%	-8,1 k €	-220%	-2,5 k €	+84.9%	-16,8 k €
Balance sheet
Equity	16,9 k €	+149%	6,8 k €	+431%	-2 k €	-134%	6,1 k €	-29.5%	8,6 k €
Total assets	28,5 k €	+30.7%	21,8 k €	-20.2%	27,4 k €	+36.3%	20,1 k €	+21.1%	16,6 k €
Cash	7,5 k €	+33.7%	5,6 k €	+15.1%	4,9 k €	+173%	1,8 k €	+334%	410,9 €
Debts	11,4 k €	-24.0%	15,1 k €	-48.8%	29,4 k €	+110%	14 k €	+75.4%	8 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
HENRY NOLF	Directorsince 22/07/2021Manager25/06/1997 → 2017 accountsendedMandate2013 accountsended

Ended mandates

Director	Mandates in this company	Period
Henri Nolf	Manager2018 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	19/06/2026	31/08/2025	21/08/2024	21/08/2023	16/08/2022	03/08/2021
General meeting	29/05/2026	25/05/2025	25/05/2024	25/05/2023	25/05/2022	25/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	19/06/2026	French	PDF
Micro model	31/12/2024	25/05/2025	31/08/2025	French	PDF
Micro model	31/12/2023	25/05/2024	21/08/2024	French	PDF
Micro model	31/12/2022	25/05/2023	21/08/2023	French	PDF
Micro model	31/12/2021	25/05/2022	16/08/2022	French	PDF
Micro model	31/12/2020	25/05/2021	03/08/2021	French	PDF
Micro model	31/12/2019	25/05/2020	22/07/2020	French	PDF
Micro model	31/12/2018	25/05/2019	13/06/2019	French	PDF
Micro model	31/12/2017	25/05/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	24/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	30/05/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	01/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	10/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	11/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	15/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
HENRY NOLF	Directorsince 22/07/2021Manager25/06/1997 → 2017 accountsendedMandate2013 accountsended

Ended mandates

Director	Mandates in this company	Period
Henri Nolf	Manager2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other14/11/2022
OBJET
PDF
Mandates26/07/2021
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

HENRY NOLF

Henri Nolf

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ITHACA

Rue Caremberg(P.E.) 21, 7850 Enghien

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Caremberg(P.E.) 21, 7850 EnghienCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00179889

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ITHACACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00179889

Events

2025
Annual accounts 202510,1 k €↑
2024
Annual accounts 20248,8 k €↑
2023
Annual accounts 2023-8,1 k €↓
2022
Annual accounts 2022-2,5 k €↑
2021
Annual accounts 2021-16,8 k €↓
2020
Annual accounts 20203 k €↓
2019
Annual accounts 20193,8 k €↑
2018
Annual accounts 20183,2 k €↑
2017
Annual accounts 2017-1,3 k €↓
2016
Annual accounts 20165 k €↑
2015
Annual accounts 2015-5,7 k €↓
2014
Annual accounts 20141,1 k €↓
2013
Annual accounts 20132,2 k €↑
2012
Annual accounts 2012-3,4 k €↓
2011
Annual accounts 2011-1,5 k €↓
2010
Annual accounts 20104,6 k €↑
2009
Annual accounts 2009775 €↑
2008
Annual accounts 2008-3,8 k €↓
2007
Annual accounts 2007446 €↓
2006
Annual accounts 20061,6 k €
25/06/1997
IncorporationPrivate limited company

ITHACA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events