FION
ActiveSummary
FION has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €616,358 and a net result of €23,679. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 67% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-7
Solvency78▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 5.73 against 6.8 in 2023; short-term debt: 9.7% and cash: 31.2% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
54 d early
2022
12 d early
2021
22 d late
2020
58 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€616,358▲ 4.0%
2023 · €592,680
Total assets
€1.2m▼ 6.0%
2023 · €1.2m
Net result
€23,679▼ 32.3%
2023 · €34,961
Working capital
€535,308▼ 6.8%
2023 · €574,202
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€49,748▼ 20.4%€97,938▲ 96.9%€55,181▼ 43.7%€85,400▲ 54.8%€76,730▼ 10.2%
Net result€38,648▼ 38.6%€73,746▲ 90.8%€43,119▼ 41.5%€34,961▼ 18.9%€23,679▼ 32.3%
Equity€440,853▼ 60.7%€514,599▲ 16.7%€557,718▲ 8.4%€592,680▲ 6.3%€616,358▲ 4.0%
Total assets€1.4m▲ 3.6%€1.4m▼ 1.2%€1.3m▼ 10.9%€1.2m▼ 1.1%€1.2m▼ 6.0%
Debt€991,754▲ 280%€900,947▼ 9.2%€703,106▼ 22.0%€654,800▼ 6.9%€555,970▼ 15.1%
Working capital€766,926▼ 2.9%€779,843▲ 1.7%€593,663▼ 23.9%€574,202▼ 3.3%€535,308▼ 6.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€523,728 ▼ 8.8%
Current assets
€648,600 ▼ 3.6%
Equity and liabilities €1.2m
Equity
€616,358 ▲ 4.0%
Debt
€555,970 ▼ 15.1%
Debt's share of the balance-sheet total falls from 52.5% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129,549▲
2023 · €128,380
Cash flow
€76,497▼
2023 · €77,942
Current ratio
5.73▼
2023 · 6.80
Quick ratio
4.91▼
2023 · 5.85
Debt to equity
0.90▼
2023 · 1.10
ROE
3.8%▼
2023 · 5.9%
ROA
2.0%▼
2023 · 2.8%
Interest coverage
2.82▼
2023 · 3.62
Debt ≤ 1 year
€113,292▲
2023 · €98,952
Debt > 1 year
€402,482▼
2023 · €522,788
Income taxes
€11,050▼
2023 · €16,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,038 | €32,909 | €31,805 | €42,981 | €52,818 | ▲ 22.9% |
| Other operating charges640/8 | - | €20,620 | €20,006 | €23,400 | €25,637 | ▲ 9.6% |
| Gross operating margin9900 | €99,768 | €151,467 | €106,992 | €151,780 | €155,186 | ▲ 2.2% |
| Operating profit (loss)9901 | €49,748 | €97,938 | €55,181 | €85,400 | €76,730 | ▼ 10.2% |
| Financial income75/76B | - | €3,706 | €5,000 | €1,124 | €3,867 | ▲ 244% |
| Recurring financial income75 | €6,109 | €3,706 | €5,000 | €1,124 | €3,867 | ▲ 244% |
| Financial charges65/66B | - | €3,102 | €2,689 | €35,465 | €45,868 | ▲ 29.3% |
| Recurring financial charges65 | €4,545 | €3,102 | €2,689 | €35,465 | €45,868 | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | €51,312 | €98,542 | €57,492 | €51,059 | €34,729 | ▼ 32.0% |
| Income taxes67/77 | €12,664 | €24,795 | €14,373 | €16,097 | €11,050 | ▼ 31.4% |
| Profit (loss) for the period9904 | €38,648 | €73,746 | €43,119 | €34,961 | €23,679 | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €38,648 | €73,746 | €43,119 | €34,961 | €23,679 | ▼ 32.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 6.0% |
| Fixed assets21/28 | €518,277 | €496,021 | €547,034 | €574,326 | €523,728 | ▼ 8.8% |
| Tangible fixed assets22/27 | €518,277 | €496,021 | €547,034 | €574,326 | €523,728 | ▼ 8.8% |
| Land and buildings22 | - | €469,419 | €451,264 | €429,958 | €408,651 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €0 | - | - | €2,930 | - |
| Furniture and vehicles24 | - | €6,622 | €75,790 | €124,388 | €92,167 | ▼ 25.9% |
| Other tangible fixed assets26 | - | €19,980 | €19,980 | €19,980 | €19,980 | = |
| Current assets29/58 | €914,330 | €919,525 | €713,790 | €673,154 | €648,600 | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | €0 | €22,112 | €4,578 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €0 | €22,112 | €4,578 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €51,807 | €75,407 | €84,297 | €94,322 | €92,431 | ▼ 2.0% |
| Stocks30/36 | - | €75,407 | €84,297 | €94,322 | €92,431 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €492,351 | €366,424 | €309,519 | €218,147 | €187,198 | ▼ 14.2% |
| Trade receivables40 | - | €226,307 | €263,341 | €176,439 | €146,806 | ▼ 16.8% |
| Other amounts receivable41 | - | €140,117 | €46,177 | €41,707 | €40,392 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €356,103 | €477,694 | €297,863 | €355,858 | €366,266 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | €249 | €2,705 | ▲ 986% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 6.0% |
| Equity10/15 | €440,853 | €514,599 | €557,718 | €592,680 | €616,358 | ▲ 4.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €378,853 | €452,599 | €495,718 | €530,680 | €554,358 | ▲ 4.5% |
| Non-distributable reserves130/1 | - | €78,200 | €78,200 | €78,200 | €78,200 | = |
| Legal reserve130 | - | €78,200 | €78,200 | €78,200 | €78,200 | = |
| Distributable reserves133 | - | €374,399 | €417,518 | €452,480 | €476,158 | ▲ 5.2% |
| Amounts payable17/49 | €991,754 | €900,947 | €703,106 | €654,800 | €555,970 | ▼ 15.1% |
| Amounts payable after more than one year17 | €839,550 | €761,264 | €582,978 | €522,788 | €402,482 | ▼ 23.0% |
| Financial debts170/4 | - | €761,264 | €582,978 | €522,788 | €402,482 | ▼ 23.0% |
| Amounts payable within one year42/48 | €147,404 | €139,682 | €120,127 | €98,952 | €113,292 | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | - | €54,286 | €54,286 | €36,190 | €0 | ▼ 100% |
| Financial debts43 | - | €8,750 | €12,500 | €12,500 | €12,500 | = |
| Credit institutions430/8 | - | €8,750 | €12,500 | €12,500 | €12,500 | = |
| Trade debts44 | €34,835 | €32,537 | €17,053 | €10,417 | €29,975 | ▲ 188% |
| Suppliers440/4 | - | €32,537 | €17,053 | €10,417 | €29,975 | ▲ 188% |
| Taxes, remuneration and social security45 | - | €12,898 | €5,077 | €521 | €14,430 | ▲ 2,670% |
| Taxes450/3 | - | €12,898 | €5,077 | €521 | €14,430 | ▲ 2,670% |
| Other amounts payable47/48 | - | €31,212 | €31,212 | €39,324 | €56,388 | ▲ 43.4% |
| Accrued charges and deferred income492/3 | - | €0 | - | €33,060 | €40,196 | ▲ 21.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,648 | €73,746 | €43,119 | €34,961 | €23,679 | ▼ 32.3% |
| + Depreciation and write-downs630 | €29,038 | €32,909 | €31,805 | €42,981 | €52,818 | ▲ 22.9% |
| Operating cash flow (approximation) | €67,686 | €106,655 | €74,924 | €77,942 | €76,497 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€10,653 | -€82,818 | -€70,273 | -€2,221 | ▲ 96.8% |
| Change in cash | - | €121,591 | -€179,831 | €57,996 | €10,408 | ▼ 82.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €23,679 ▼32.3%
Net result drops to €23,679, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €73,746 ▲90.8%
Operating result €97,938, net result €73,746, both a record.
31-12
Financial
Equity above €500,000Eq €514,599 ▲16.7%
4 profitable years in a row build equity to €514,599.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 1986
Ground area
3,963 m²
Building footprint
1,499 m²
Volume, LiDAR
8,787 m³
2 parcels, Flanders · tallest building 42.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
G.T.V. NV
since 19862.036.053.655
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0164/00L002 | Flanders | 3,205 m² | 1 · 1,335 m² | 42.8 m · 2 fl. |
| 34323D0164/00W000 | Flanders | 758 m² | 1 · 164 m² | 34.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 538 EUR awarded · 538 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 310 EUR | 310 EUR |
| 2023 | 1 | 228 EUR | 228 EUR |
Similar companies · same sector, comparable size
CREATE
BE 0432.472.520
Bastogne · Eq €614,238
DEDUCO EUROPE
BE 0472.692.975
Kortrijk · Eq €614,060
PAMAR
BE 0414.706.672
Deerlijk · Eq €611,713
4PLAY INTERACTIVE
BE 0471.409.706
Erpe-Mere · Eq €621,383
AZERTY Informatique
BE 0453.155.690
Nivelles · Eq €623,171
Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429067523
Also
9925:BE0429067523
Registered
03-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.