ACTIVE

Itrusd

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

547,6 k €

+321.0% YoY

Gross margin

186,9 k €

-26.1% YoY

Equity

1,1 M €

+17.6% YoY

What does Itrusd do?

Itrusd is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Overijse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.720.794

Incorporation

12/07/2010

Legal form

Private limited company

Registered office

Sparrenlaan 17
3090 Overijse · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64929Other credit granting 64929Other credit granting 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	186,9 k €	-26.1%	252,9 k €	+28.9%	196,2 k €	+24.3%	157,9 k €	-22.6%	203,9 k €	+50.7%	135,3 k €	-11.5%	152,9 k €	+19.1%	128,4 k €	-40.3%	215,1 k €	+115%	100,1 k €	+243%	29,2 k €	-33.5%	43,9 k €	+238%	13 k €
EBITDA	177,2 k €	-25.7%	238,4 k €	+29.3%	184,3 k €	+21.1%	152,2 k €	-22.3%	195,9 k €	+49.6%	131 k €	-13.1%	150,8 k €	+18.7%	127 k €	-39.9%	211,4 k €	+115%	98,1 k €	+258%	27,4 k €	-32.1%	40,5 k €	+245%	11,7 k €
Operating result	146,6 k €	-26.7%	200,1 k €	+48.5%	134,7 k €	+22.1%	110,4 k €	-35.9%	172,1 k €	+70.6%	100,9 k €	-15.7%	119,7 k €	+21.3%	98,7 k €	-40.6%	166,2 k €	+96.8%	84,5 k €	+436%	15,7 k €	-44.6%	28,4 k €	+1188%	2,2 k €
Net result	547,6 k €	+321%	130 k €	+64.4%	79,1 k €	+4.4%	75,8 k €	-25.8%	102,1 k €	+58.6%	64,4 k €	-4.2%	67,2 k €	+15.7%	58,1 k €	-39.0%	95,3 k €	+36.1%	70 k €	+976%	6,5 k €	-49.4%	12,9 k €	+817%	-1,8 k €
Balance sheet
Equity	1,1 M €	+17.6%	915,7 k €	+16.6%	785,7 k €	+11.2%	706,6 k €	+12.0%	630,8 k €	+94.3%	324,7 k €	+24.7%	260,3 k €	+34.8%	193,1 k €	+43.0%	135 k €	+240%	39,8 k €	+67.3%	23,8 k €	+37.7%	17,3 k €	+292%	4,4 k €
Total assets	1,7 M €	+61.1%	1 M €	+9.6%	941,2 k €	+8.8%	865,4 k €	+6.0%	816,5 k €	+15.9%	704,4 k €	+6.3%	662,9 k €	+17.7%	563,4 k €	+23.8%	454,9 k €	+208%	147,8 k €	+84.9%	79,9 k €	+4.1%	76,8 k €	+27.8%	60,1 k €
Cash	47,6 k €	-82.6%	274,2 k €	+123%	122,8 k €	-71.6%	432,2 k €	-7.4%	466,9 k €	+281%	122,6 k €	-14.3%	143,1 k €	+166%	53,8 k €	-70.2%	180,4 k €	+107%	87 k €	+150%	34,7 k €	+31.8%	26,4 k €	+283%	6,9 k €
Debts	581,8 k €	+415%	113 k €	-26.5%	153,7 k €	-2.6%	157,8 k €	-14.1%	183,8 k €	-50.9%	373,9 k €	-6.3%	399,1 k €	+9.4%	364,9 k €	+15.1%	316,9 k €	+198%	106,2 k €	+93.0%	55 k €	-7.5%	59,5 k €	+6.9%	55,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Erik MAES

Director

Active

Ended mandates

Erik Maes

Manager · since 07 juillet 2010

Ended

Annual accounts

Full financial information

	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	06/07/2026	08/06/2025	29/07/2024	14/07/2023	18/07/2022	10/08/2021
General meeting	27/06/2026	08/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	06/07/2026	Dutch	PDF
Micro model	31/12/2024	08/06/2025	08/06/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	14/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/07/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/07/2018	23/10/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	31/07/2016	10/10/2016	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	23/10/2014	Dutch	PDF
Abridged model	31/03/2013	31/07/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	31/07/2012	13/11/2012	Dutch	PDF
Abridged model	31/03/2011	31/07/2011	01/02/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Erik MAES

Director

Active

Ended mandates

Erik Maes

Manager · since 07 juillet 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/10/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other15/04/2015
BENAMING - DOEL - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other22/07/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

2025
Annual accounts 2025547,6 k €↑
2024
Annual accounts 2024130 k €↑
2023
Annual accounts 202379,1 k €↑
2022
Annual accounts 202275,8 k €↓
2021
Annual accounts 2021102,1 k €↑
2018
Annual accounts 201864,4 k €↓
2017
Annual accounts 201767,2 k €↑
2016
Annual accounts 201658,1 k €↓
2015
Annual accounts 201595,3 k €↑
2015
Name changeItrusd
2014
Annual accounts 201470 k €↑
2013
Annual accounts 20136,5 k €↓
2012
Annual accounts 201212,9 k €↑
2011
Annual accounts 2011-1,8 k €
2011
Name changeERIK MAES
12/07/2010
IncorporationPrivate 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

Itrusd

Overview

What does Itrusd do?

Trend over 13 financial years

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