ACTIVE

ITC Co

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Financial year 2025 · closed on 31/12/2025
Net result
-5,3 M €
-793.1% YoY
Revenue
69,2 M €
-20.3% YoY
Equity
29,2 M €
-15.3% YoY
Workforce
431,8 ETP
-6.2% YoY

What does ITC Co do?

ITC Co is a Private limited company incorporated in 2021. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Tielt. It employs on average 431,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0777.929.607
Incorporation
01/12/2021
Legal form
Private limited company
Registered office
Kanegemstraat 15
8700 Tielt · FlandreSee on map
Contributed capital
21 004 713,36 €
Latest accounts
31/12/2025
Average workforce
431,8 ETP
Activities (NACE)
13929Manufacture of made-up textile articles, except apparel· main13929Manufacture of made-up textile articles, except apparel13930Manufacture of carpets and rugs13930Manufacture of carpets and rugs
Joint committees (2)
  • 120
  • 214
Signals
Solid equityPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Revenue69,2 M €86,9 M €94,3 M €138,7 M €
EBITDA1,1 M €5,6 M €711,5 k €7,3 M €
Operating result-3,1 M €2,0 M €-2,6 M €2,3 M €
Net result-5,3 M €-591,7 k €-5,2 M €-1,1 M €
Balance sheet
Equity29,2 M €34,5 M €35,1 M €40,3 M €
Total assets77,3 M €76,4 M €84,8 M €104,7 M €
Cash152,8 k €1,3 M €8,3 M €13,6 M €
Debts36,0 M €28,6 M €33,5 M €45,0 M €
Other
Workforce431,8 ETP460,5 ETP472,5 ETP499,2 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 31/12/2025 · 3 active · 5 ended

Active mandates

TWINNSON

Director · since 19 mai 2026 · 0817.958.834

Represented by Diego Claeys

Active
EQIDNA

Director · since 06 décembre 2022 · 0695.547.705

Represented by James Neuling

Active
ANMIRU

Director · since 01 juillet 2022 · until 19 mai 2026 · 0627.665.719

Represented by Andy Rogiest

Active

Ended mandates

EQIDNA

Director · since 06 décembre 2022 · 0695.547.705

Represented by James Neuling

Ended
ANMIRU

Director · since 01 juillet 2022 · 0627.665.719

Represented by Andy Rogiest

Ended
Emmanuel Rigaux

Director · since 15 avril 2022 · until 30 juin 2022

Ended
Cyrille Ragoucy

Managing director · since 01 octobre 2021 · until 29 février 2024

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/10/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months15 months
Filing date14/07/202608/07/202527/06/202422/06/2023
General meeting19/06/202620/06/202521/06/202416/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202614/07/2026DutchPDF
Full model31/12/202420/06/202508/07/2025DutchPDF
Full model31/12/202321/06/202427/06/2024DutchPDF
Full model31/12/202216/06/202322/06/2023DutchPDF
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 31/12/2025 · 3 active · 5 ended

Active mandates

TWINNSON

Director · since 19 mai 2026 · 0817.958.834

Represented by Diego Claeys

Active
EQIDNA

Director · since 06 décembre 2022 · 0695.547.705

Represented by James Neuling

Active
ANMIRU

Director · since 01 juillet 2022 · until 19 mai 2026 · 0627.665.719

Represented by Andy Rogiest

Active

Ended mandates

EQIDNA

Director · since 06 décembre 2022 · 0695.547.705

Represented by James Neuling

Ended
ANMIRU

Director · since 01 juillet 2022 · 0627.665.719

Represented by Andy Rogiest

Ended
Emmanuel Rigaux

Director · since 15 avril 2022 · until 30 juin 2022

Ended
Cyrille Ragoucy

Managing director · since 01 octobre 2021 · until 29 février 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/05/2022
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring20/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring16/12/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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. 19/05/2026
    nominationTWINNSON — bijkomend bestuurder
  2. 19/05/2026
    apport
  3. 2025
    Annual accounts 2025-5,3 M €↓
  4. 20/06/2025
    reconductionPWC Bedrijfsrevisoren BCVBA — commissaris
  5. 2024
    Annual accounts 2024-591,7 k €↑
  6. 01/03/2024
    nominationNEULING Andrew James — vaste vertegenwoordiger
  7. 2023
    Annual accounts 2023-5,2 M €↓
  8. 2022
    Annual accounts 2022-1,1 M €
  9. 06/12/2022
    nominationEQIDNA BV — bestuurder
  10. 01/07/2022
    nominationANMIRU BV — bestuurder
  11. 15/04/2022
    nominationEmmanuel Rigaux — bestuurder
  12. 31/03/2022
    apport
  13. 01/12/2021
    nominationPeter Opsomer — commissaris
  14. 01/12/2021
    IncorporationPrivate limited company