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 €616k and a net result of €24k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 67% of 26043 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 €45k 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€616k▲ 4.0%
2023 · €593k
Total assets
€1.17M▼ 6.0%
2023 · €1.25M
Net result
€24k▼ 32.3%
2023 · €35k
Working capital
€535k▼ 6.8%
2023 · €574k
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€50k▼ 20.4%€98k▲ 96.9%€55k▼ 43.7%€85k▲ 54.8%€77k▼ 10.2%
Net result€39k▼ 38.6%€74k▲ 90.8%€43k▼ 41.5%€35k▼ 18.9%€24k▼ 32.3%
Equity€441k▼ 60.7%€515k▲ 16.7%€558k▲ 8.4%€593k▲ 6.3%€616k▲ 4.0%
Total assets€1.43M▲ 3.6%€1.42M▼ 1.2%€1.26M▼ 10.9%€1.25M▼ 1.1%€1.17M▼ 6.0%
Debt€992k▲ 280%€901k▼ 9.2%€703k▼ 22.0%€655k▼ 6.9%€556k▼ 15.1%
Working capital€767k▼ 2.9%€780k▲ 1.7%€594k▼ 23.9%€574k▼ 3.3%€535k▼ 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 €1.17M
Fixed assets
€524k ▼ 8.8%
Current assets
€649k ▼ 3.6%
Equity and liabilities €1.17M
Equity
€616k ▲ 4.0%
Debt
€556k ▼ 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
€130k▲
2023 · €128k
Cash flow
€76k▼
2023 · €78k
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
€113k▲
2023 · €99k
Debt > 1 year
€402k▼
2023 · €523k
Income taxes
€11k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €33k | €32k | €43k | €53k | ▲ 22.9% |
| Other operating charges640/8 | - | €21k | €20k | €23k | €26k | ▲ 9.6% |
| Gross operating margin9900 | €100k | €151k | €107k | €152k | €155k | ▲ 2.2% |
| Operating profit (loss)9901 | €50k | €98k | €55k | €85k | €77k | ▼ 10.2% |
| Financial income75/76B | - | €4k | €5k | €1k | €4k | ▲ 244% |
| Recurring financial income75 | €6k | €4k | €5k | €1k | €4k | ▲ 244% |
| Financial charges65/66B | - | €3k | €3k | €35k | €46k | ▲ 29.3% |
| Recurring financial charges65 | €5k | €3k | €3k | €35k | €46k | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | €51k | €99k | €57k | €51k | €35k | ▼ 32.0% |
| Income taxes67/77 | €13k | €25k | €14k | €16k | €11k | ▼ 31.4% |
| Profit (loss) for the period9904 | €39k | €74k | €43k | €35k | €24k | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €39k | €74k | €43k | €35k | €24k | ▼ 32.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.42M | €1.26M | €1.25M | €1.17M | ▼ 6.0% |
| Fixed assets21/28 | €518k | €496k | €547k | €574k | €524k | ▼ 8.8% |
| Tangible fixed assets22/27 | €518k | €496k | €547k | €574k | €524k | ▼ 8.8% |
| Land and buildings22 | - | €469k | €451k | €430k | €409k | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €0 | - | - | €3k | - |
| Furniture and vehicles24 | - | €7k | €76k | €124k | €92k | ▼ 25.9% |
| Other tangible fixed assets26 | - | €20k | €20k | €20k | €20k | = |
| Current assets29/58 | €914k | €920k | €714k | €673k | €649k | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | €0 | €22k | €5k | €0 | ▼ 100% |
| Other amounts receivable291 | - | €0 | €22k | €5k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €52k | €75k | €84k | €94k | €92k | ▼ 2.0% |
| Stocks30/36 | - | €75k | €84k | €94k | €92k | ▼ 2.0% |
| Amounts receivable within one year40/41 | €492k | €366k | €310k | €218k | €187k | ▼ 14.2% |
| Trade receivables40 | - | €226k | €263k | €176k | €147k | ▼ 16.8% |
| Other amounts receivable41 | - | €140k | €46k | €42k | €40k | ▼ 3.2% |
| Cash at bank and in hand54/58 | €356k | €478k | €298k | €356k | €366k | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | €249 | €3k | ▲ 986% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.42M | €1.26M | €1.25M | €1.17M | ▼ 6.0% |
| Equity10/15 | €441k | €515k | €558k | €593k | €616k | ▲ 4.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €379k | €453k | €496k | €531k | €554k | ▲ 4.5% |
| Non-distributable reserves130/1 | - | €78k | €78k | €78k | €78k | = |
| Legal reserve130 | - | €78k | €78k | €78k | €78k | = |
| Distributable reserves133 | - | €374k | €418k | €452k | €476k | ▲ 5.2% |
| Amounts payable17/49 | €992k | €901k | €703k | €655k | €556k | ▼ 15.1% |
| Amounts payable after more than one year17 | €840k | €761k | €583k | €523k | €402k | ▼ 23.0% |
| Financial debts170/4 | - | €761k | €583k | €523k | €402k | ▼ 23.0% |
| Amounts payable within one year42/48 | €147k | €140k | €120k | €99k | €113k | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | - | €54k | €54k | €36k | €0 | ▼ 100% |
| Financial debts43 | - | €9k | €13k | €13k | €13k | = |
| Credit institutions430/8 | - | €9k | €13k | €13k | €13k | = |
| Trade debts44 | €35k | €33k | €17k | €10k | €30k | ▲ 188% |
| Suppliers440/4 | - | €33k | €17k | €10k | €30k | ▲ 188% |
| Taxes, remuneration and social security45 | - | €13k | €5k | €521 | €14k | ▲ 2,670% |
| Taxes450/3 | - | €13k | €5k | €521 | €14k | ▲ 2,670% |
| Other amounts payable47/48 | - | €31k | €31k | €39k | €56k | ▲ 43.4% |
| Accrued charges and deferred income492/3 | - | €0 | - | €33k | €40k | ▲ 21.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €74k | €43k | €35k | €24k | ▼ 32.3% |
| + Depreciation and write-downs630 | €29k | €33k | €32k | €43k | €53k | ▲ 22.9% |
| Operating cash flow (approximation) | €68k | €107k | €75k | €78k | €76k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-83k | €-70k | €-2k | ▲ 96.8% |
| Change in cash | - | €122k | €-180k | €58k | €10k | ▼ 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.
More with these figures Sector benchmark What changed Value indication
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 €24k ▼32.3%
Net result drops to €24k, 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 €74k ▲90.8%
Operating result €98k, net result €74k, both a record.
31-12
Financial
Equity above €500kEq €515k ▲16.7%
4 profitable years in a row build equity to €515k.
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 |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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 3,222 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
Scores and ratios are computed by Checked and are not a credit decision.