ACTIVE

ITFTM

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Financial year 2025 · closed on 31/12/2025

Net result

-3 k €

-260.0% YoY

Gross margin

-1,8 k €

-165.8% YoY

Equity

35,8 k €

-7.8% YoY

What does ITFTM do?

ITFTM is a Private limited company incorporated in 2006. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.958.867

Incorporation

27/01/2006

Legal form

Private limited company

Registered office

Chaussée de Vilvorde 80 box 4
1120 Bruxelles · BruxellesSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 51840Air transport 62020Computer consultancy activities 62090Other information technology and computer service activities 62200Computer programming, consultancy and related activities+9

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ 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
Gross margin	-1,8 k €	-166%	2,7 k €	-16.2%	3,2 k €	+136%	-9 k €	-759%	1,4 k €	-93.4%	20,7 k €	+123%	9,3 k €	+256%	2,6 k €	+5.3%	2,5 k €	-51.5%	5,1 k €	+70.5%	3 k €	+203%	-2,9 k €	-933%	-281 €	-105%	5,9 k €	-47.2%	11,1 k €	+573%	1,6 k €	-87.8%	13,5 k €	+269%	3,7 k €	+57.3%	2,3 k €	-46.3%	4,3 k €
EBITDA	-2,5 k €	-220%	2,1 k €	-20.6%	2,6 k €	+127%	-9,6 k €	-1130%	932 €	-95.4%	20,3 k €	+131%	8,8 k €	+304%	2,2 k €	-0.0%	2,2 k €	-51.0%	4,4 k €	+98.7%	2,2 k €	+161%	-3,7 k €	-255%	-1 k €	-121%	4,8 k €	-52.9%	10,2 k €	+1185%	796 €	-93.8%	12,7 k €	+352%	2,8 k €	+104%	1,4 k €	-60.9%	3,5 k €
Operating result	-3,2 k €	-332%	1,4 k €	-28.1%	1,9 k €	+118%	-10,3 k €	-4354%	242 €	-98.8%	20,1 k €	+159%	7,8 k €	+554%	1,2 k €	-0.1%	1,2 k €	-73.3%	4,4 k €	+98.7%	2,2 k €	+154%	-4,2 k €	-304%	-1 k €	-122%	4,7 k €	-34.3%	7,1 k €	+271%	-4,2 k €	-146%	9,1 k €	+557%	-2 k €	+38.9%	-3,3 k €	-2222%	154 €
Net result	-3 k €	-260%	1,9 k €	-3.1%	2 k €	+117%	-11,5 k €	-2467%	487 €	-97.4%	18,7 k €	+187%	6,5 k €	+850%	688 €	+648%	92 €	-97.6%	3,8 k €	+77.3%	2,2 k €	+150%	-4,3 k €	-419%	-834 €	-126%	3,2 k €	-40.6%	5,4 k €	+178%	-6,9 k €	-177%	9 k €	+439%	-2,6 k €	+33.2%	-4 k €	-3419%	119 €
Balance sheet
Equity	35,8 k €	-7.8%	38,8 k €	+5.1%	37 k €	+5.6%	35 k €	-24.8%	46,5 k €	+1.1%	46 k €	+54.5%	29,8 k €	+28.1%	23,3 k €	+3.0%	22,6 k €	+0.4%	22,5 k €	+6.3%	21,1 k €	+11.4%	19 k €	-18.6%	23,3 k €	-3.5%	24,1 k €	+15.2%	20,9 k €	+34.5%	15,6 k €	-30.7%	22,5 k €	+66.2%	13,5 k €	-16.3%	16,2 k €	-19.6%	20,1 k €
Total assets	39,5 k €	-2.9%	40,6 k €	+1.7%	39,9 k €	+7.0%	37,3 k €	-30.6%	53,8 k €	-8.1%	58,5 k €	+77.3%	33 k €	+3.3%	31,9 k €	+12.4%	28,4 k €	-13.2%	32,8 k €	+24.5%	26,3 k €	-3.2%	27,2 k €	-16.0%	32,3 k €	+5.4%	30,7 k €	+23.2%	24,9 k €	+26.1%	19,7 k €	-40.0%	32,9 k €	+99.8%	16,5 k €	-11.1%	18,5 k €	-12.0%	21,1 k €
Cash	1,6 k €	-79.9%	7,8 k €	+53.4%	5,1 k €	-62.0%	13,4 k €	-53.5%	28,9 k €	+11.8%	25,8 k €	+495%	4,3 k €	-56.7%	10 k €	+97.1%	5,1 k €	+36.9%	3,7 k €	+115%	1,7 k €	-71.5%	6,1 k €	+290%	1,6 k €	-12.4%	1,8 k €	-60.5%	4,5 k €	+343%	1 k €	-76.3%	4,3 k €	+497%	716 €	+107%	346 €	-72.9%	1,3 k €
Debts	3,7 k €	+103%	1,8 k €	-39.9%	3 k €	+28.7%	2,3 k €	-67.9%	7,2 k €	-42.0%	12,5 k €	+288%	3,2 k €	-63.0%	8,7 k €	+48.3%	5,9 k €	-43.1%	10,3 k €	+98.9%	5,2 k €	-37.0%	8,2 k €	-9.2%	9 k €	+38.0%	6,6 k €	+65.7%	4 k €	-5.1%	4,2 k €	-60.0%	10,4 k €	+255%	2,9 k €	+24.7%	2,4 k €	+150%	943 €

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 · 1 active · 2 ended

Active mandates

PANAGIOTOU Panagiotis

Director · since 26 janvier 2006

Active

Ended mandates

PANAGIOTOU Panagiotis

Manager · since 26 janvier 2007

Ended

PANAGIOTOU Panagiotis

Manager · since 26 janvier 2006

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/08/2026	31/08/2025	20/12/2024	18/09/2023	30/08/2022	28/12/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	25/08/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	06/05/2024	20/12/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	18/09/2023	French	PDF
Abridged model	31/12/2021	02/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	28/12/2021	French	PDF
Abridged model	31/12/2019	04/05/2020	18/12/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	02/10/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	18/09/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	30/01/2017	French	PDF
Abridged model	31/12/2014	04/05/2015	15/10/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	17/12/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	29/09/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	10/08/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	14/09/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	04/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	05/05/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	27/08/2007	French	PDF

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 · 1 active · 2 ended

Active mandates

PANAGIOTOU Panagiotis

Director · since 26 janvier 2006

Active

Ended mandates

PANAGIOTOU Panagiotis

Manager · since 26 janvier 2007

Ended

PANAGIOTOU Panagiotis

Manager · since 26 janvier 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/07/2025
SIEGE SOCIAL
PDF
Mandates21/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office14/02/2022
SIEGE SOCIAL
PDF
Other08/02/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-3 k €↓
2024
Annual accounts 20241,9 k €↓
2023
Annual accounts 20232 k €↑
2022
Annual accounts 2022-11,5 k €↓
2021
Annual accounts 2021487 €↓
2020
Annual accounts 202018,7 k €↑
2019
Annual accounts 20196,5 k €↑
2018
Annual accounts 2018688 €↑
2017
Annual accounts 201792 €↓
2016
Annual accounts 20163,8 k €↑
2015
Annual accounts 20152,2 k €↑
2014
Annual accounts 2014-4,3 k €↓
2013
Annual accounts 2013-834 €↓
2012
Annual accounts 20123,2 k €↓
2011
Annual accounts 20115,4 k €↑
2010
Annual accounts 2010-6,9 k €↓
2009
Annual accounts 20099 k €↑
2008
Annual accounts 2008-2,6 k €↑
2007
Annual accounts 2007-4 k €↓
2006
Annual accounts 2006119 €
27/01/2006
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

ITFTM

Overview

What does ITFTM 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