ACTIVE

ITINERIS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

7,8 M €

-0.2% YoY

Revenue

71,4 M €

+10.4% YoY

Equity

29,5 M €

-53.0% YoY

Workforce

224,1 ETP

+4.8% YoY

What does ITINERIS do?

ITINERIS is a Public limited company incorporated in 2001. Its registered office is in Gent. It employs on average 224,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.964.260

Incorporation

08/06/2001

Legal form

Public limited company

Registered office

Kortrijksesteenweg 1144
9051 Gent · FlandreSee on map

Contributed capital

27 849 759,00 €

Latest accounts

31/12/2025

Average workforce

224,1 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	71,4 M €	+10.4%	64,6 M €	+21.4%	53,2 M €	+21.1%	43,9 M €	+26.2%	34,8 M €	+15.6%	30,1 M €	+16.1%	25,9 M €	-13.8%	30,1 M €	+1.2%	29,7 M €	+14.4%	26 M €	+23.7%	21 M €	-5.2%	22,2 M €	+19.9%	18,5 M €	+10.8%	16,7 M €	+20.1%	13,9 M €	+11.5%	12,5 M €	-7.3%	13,4 M €		–		–		–
EBITDA	13 M €	+2.2%	12,7 M €	+206%	4,2 M €	+520%	-988,4 k €	-2020%	51,5 k €	-95.4%	1,1 M €	+443%	-325 k €	-108%	4,3 M €	-18.3%	5,2 M €	+14.3%	4,6 M €	+75.2%	2,6 M €	-36.5%	4,1 M €	+457%	-1,2 M €	+46.2%	-2,1 M €	-3000%	-69 k €	-103%	2,2 M €	+3.4%	2,1 M €	-11.6%	2,4 M €	+25.2%	1,9 M €	+149%	768,9 k €
Operating result	8,5 M €	+1.7%	8,3 M €	+10093%	81,6 k €	+102%	-4,3 M €	-84.3%	-2,3 M €	+32.7%	-3,5 M €	+31.0%	-5 M €	-850%	-530,7 k €	-199%	534,8 k €	-18.4%	655,5 k €	+630%	89,8 k €	-97.0%	3 M €	+301%	-1,5 M €	+41.4%	-2,5 M €	-569%	-375,9 k €	-119%	1,9 M €	+10.8%	1,8 M €	-7.4%	1,9 M €	+11.4%	1,7 M €	+162%	651 k €
Net result	7,8 M €	-0.2%	7,9 M €	+4249%	-189,4 k €	+97.4%	-7,3 M €	-152%	-2,9 M €	+29.3%	-4,1 M €	+20.8%	-5,2 M €	-1897%	287,3 k €	-5.9%	305,3 k €	-44.0%	544,7 k €	+77.2%	307,5 k €	-88.9%	2,8 M €	+283%	-1,5 M €	+43.3%	-2,7 M €	-472%	-467,8 k €	-139%	1,2 M €	+14.3%	1,1 M €	-10.3%	1,2 M €	+10.8%	1,1 M €	+187%	368,7 k €
Balance sheet
Equity	29,5 M €	-53.0%	62,7 M €	+14.4%	54,8 M €	-0.3%	55 M €	+19.6%	46 M €	+19.8%	38,4 M €	+12.0%	34,3 M €	-13.1%	39,5 M €	+20.3%	32,8 M €	+0.9%	32,5 M €	+36.9%	23,7 M €	+59.0%	14,9 M €	+22.8%	12,2 M €	+138%	5,1 M €	+27.6%	4 M €	+172%	1,5 M €	+15.7%	1,3 M €	+24.5%	1 M €	-21.4%	1,3 M €	+24.6%	1 M €
Total assets	49,7 M €	-47.9%	95,5 M €	+17.6%	81,2 M €	+21.5%	66,9 M €	+5.9%	63,1 M €	+23.4%	51,2 M €	+20.4%	42,5 M €	-10.8%	47,6 M €	+11.0%	42,9 M €	+0.7%	42,6 M €	+32.6%	32,1 M €	+54.9%	20,8 M €	+11.7%	18,6 M €	+89.2%	9,8 M €	+33.3%	7,4 M €	+70.9%	4,3 M €	-25.7%	5,8 M €	-4.4%	6,1 M €	+27.1%	4,8 M €	+47.9%	3,2 M €
Cash	5,1 M €	-87.2%	39,6 M €	+40.0%	28,2 M €	+264%	7,8 M €	-24.3%	10,2 M €	-13.5%	11,8 M €	+219%	3,7 M €	-67.2%	11,3 M €	+2.8%	11 M €	-32.3%	16,3 M €	+76.9%	9,2 M €	+1082%	777,3 k €	+122%	350,3 k €	-74.3%	1,4 M €	+63.3%	834 k €	+111%	395,5 k €	-77.4%	1,8 M €	+169%	651 k €	-29.3%	921,2 k €	+48.6%	619,9 k €
Debts	15,4 M €	-40.0%	25,7 M €	+27.5%	20,2 M €	+82.8%	11 M €	-22.9%	14,3 M €	+57.5%	9,1 M €	+54.0%	5,9 M €	-8.6%	6,5 M €	-6.1%	6,9 M €	+8.7%	6,3 M €	+52.3%	4,2 M €	-10.6%	4,6 M €	+8.7%	4,3 M €	+7.8%	4 M €	+56.0%	2,5 M €	+37.9%	1,8 M €	-35.7%	2,9 M €	-8.8%	3,1 M €	+26.1%	2,5 M €	+91.2%	1,3 M €
Other
Workforce	224,1 ETP	+4.8%	213,9 ETP	+0.2%	213,4 ETP	+3.3%	206,5 ETP	+7.4%	192,2 ETP	+9.2%	176,0 ETP	+7.7%	163,4 ETP	+1.3%	161,3 ETP	-2.6%	165,6 ETP	+11.7%	148,3 ETP	+6.3%	139,5 ETP	-8.6%	152,6 ETP	+31.3%	116,2 ETP	+16.2%	100,0 ETP	+20.5%	83,0 ETP	+15.3%	72,0 ETP	-0.3%	72,2 ETP	+7.0%	67,5 ETP	+29.6%	52,1 ETP	+10.1%	47,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 57 ended

Active mandates

Peter Ringoot

Director · since 10 septembre 2025 · until 30 mai 2031

Active

EXCELLENCE CONSULTING

Managing director · since 29 juillet 2025 · until 30 mai 2031 · 0471.835.219

Represented by Edgard Vermeersch

Active

Ended mandates

EXCELLENCE CONSULTING

Managing director · since 31 mai 2024 · until 30 mai 2030 · 0471.835.219

Represented by Edgard Vermeersch

Ended

Ruben Monballieu

Director · since 31 mai 2024 · until 30 mai 2030

Ended

MACIFE Consulting

Chairman of the board of directors · since 28 mai 2021 · until 31 mai 2024 · 0755.789.059

Represented by Hedwig Maes

Ended

MACIFE Consulting

Chairman of the board of directors · since 28 mai 2021 · until 28 mai 2027 · 0755.789.059

Represented by Hedwig Maes

Ended

At this address

Other companies at this address

Company	CBE no.
Administratiekantoor Itineris● Active	0524.852.746
AgriBevents● Active	0475.842.705
AGRIFLORA● Active	0461.573.411
AVBS, de sierteelt- en groenfederatie● Active	0738.846.228
EUROPEAN NURSERYSTOCK ASSOCIATION● Active	0536.747.223
FLORALL● Active	0845.970.157
Itineris Group● Active	1024.767.881
Itineris Holding● Active	1024.716.908
Itineris Partnership● Active	1025.792.618
SEQUITOR● Active	0651.765.467
SPOON INVEST● Active	0463.534.393
THV Tractebel-Ney-Bureau Bas Smets● Active	0726.968.478
Twixl media● Active	0892.553.121

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	08/06/2026	07/07/2025	10/06/2024	14/06/2023	07/09/2022	28/06/2021
General meeting	29/05/2026	30/05/2025	02/06/2024	26/05/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	07/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/05/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	02/06/2024	10/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	31/05/2024	10/06/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	14/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	26/05/2023	12/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	27/05/2022	07/09/2022	Dutch	PDF
Full model	31/12/2021	27/05/2022	24/08/2022	Dutch	PDF
Consolidated accounts	31/12/2021	17/01/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	28/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	28/05/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	06/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	15/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	20/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	31/05/2019	20/06/2019	Dutch	PDF
Full modelCorrection	31/12/2017	12/05/2018	13/12/2018	Dutch	PDF
Full model	31/12/2017	12/05/2018	13/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	12/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	13/05/2017	22/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	13/05/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	09/05/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	10/05/2014	06/06/2014	Dutch	PDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 2 active · 57 ended

Active mandates

Peter Ringoot

Director · since 10 septembre 2025 · until 30 mai 2031

Active

EXCELLENCE CONSULTING

Managing director · since 29 juillet 2025 · until 30 mai 2031 · 0471.835.219

Represented by Edgard Vermeersch

Active

Ended mandates

EXCELLENCE CONSULTING

Managing director · since 31 mai 2024 · until 30 mai 2030 · 0471.835.219

Represented by Edgard Vermeersch

Ended

Ruben Monballieu

Director · since 31 mai 2024 · until 30 mai 2030

Ended

MACIFE Consulting

Chairman of the board of directors · since 28 mai 2021 · until 31 mai 2024 · 0755.789.059

Represented by Hedwig Maes

Ended

MACIFE Consulting

Chairman of the board of directors · since 28 mai 2021 · until 28 mai 2027 · 0755.789.059

Represented by Hedwig Maes

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates21/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/06/2024
KAPITAAL - AANDELEN
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 20257,8 M €↓
10/09/2025
nominationPeter Ringoot — bestuurder
29/07/2025
reconductionExcellence Consulting NV — gedelegeerd bestuurder
29/07/2025
nominationExcellence Consulting NV — bestuurder
29/07/2025
nominationStDae BV — bestuurder
16/07/2025
augmentation_capital
30/05/2025
reconductionFilip Lacquet — PMV-bestuurder
2024
Annual accounts 20247,9 M €↑
31/05/2024
reconductionExcellence Consulting NV — gedelegeerd bestuurder
31/05/2024
reconductionExcellence Consulting NV — bestuurder
31/05/2024
reconductionRuben Monballieu — Gimv bestuurder
31/05/2024
reconductionBDO Bedrijfsrevisoren BV — commissaris
23/05/2024
augmentation_capital
2023
Annual accounts 2023-189,4 k €↑
26/05/2023
augmentation_capital
08/02/2023
augmentation_capital
2022
Annual accounts 2022-7,3 M €↓
2021
Annual accounts 2021-2,9 M €↑
2020
Annual accounts 2020-4,1 M €↑
2019
Annual accounts 2019-5,2 M €↓
2018
Annual accounts 2018287,3 k €↓
2017
Annual accounts 2017305,3 k €↓
2016
Annual accounts 2016544,7 k €↑
2015
Annual accounts 2015307,5 k €↓
2014
Annual accounts 20142,8 M €↑
2013
Annual accounts 2013-1,5 M €↑
2012
Annual accounts 2012-2,7 M €↓
2011
Annual accounts 2011-467,8 k €↓
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 20091,1 M €↓
2008
Annual accounts 20081,2 M €↑
2007
Annual accounts 20071,1 M €↑
2006
Annual accounts 2006368,7 k €
08/06/2001
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

ITINERIS

Overview

What does ITINERIS do?

Trend over 20 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