IKCON
ActiveSummary
IKCON has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €360,779 and a net result of -€96,609. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+49
Solvency40▼-16
Growth38=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.13 against 1.01 in 2023; short-term debt: 73.1% and cash: 0.3% of total assets), and 85.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.8%
Return on assets
-4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€96,609
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-06-2026, 305 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
305 d late
2023
83 d late
2022
564 d late
2021
87 d late
2020
31 d late
2019
56 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 188 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€183,768▼ 19.6%
2020 · €228,565
EBIT margin
-0.4%▼ 20.1pp
2020 · 19.8%
Net result
-€96,609▼ 20.3%
2023 · -€80,321
Working capital
-€1.5m
2023 · €8,387
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€228,565▲ 40.3%€183,768▼ 19.6%
Operating result€45,154▼ 45.7%-€678-€25,954▼ 3,728%-€72,194▼ 178%-€61,893▲ 14.3%
Net result€25,296within the sector's middle half▼ 37.3%-€11,464below the sector's middle half-€67,148below the sector's middle half▼ 486%-€80,321below the sector's middle half▼ 19.6%-€96,609below the sector's middle half▼ 20.3%
EBIT margin19.8%▼ 31.3pp-0.4%▼ 20.1pp
Equity€616,320within the sector's middle half▲ 4.3%€604,857within the sector's middle half▼ 1.9%€537,709within the sector's middle half▼ 11.1%€457,387within the sector's middle half▼ 14.9%€360,779above the sector's middle half▼ 21.1%
Total assets€1.5mwithin the sector's middle half▲ 47.3%€1.4mwithin the sector's middle half▼ 5.3%€1.5mwithin the sector's middle half▲ 9.6%€1.5mwithin the sector's middle half▼ 3.8%€2.4mabove the sector's middle half▲ 66.0%
Debt€832,652▲ 120%€769,382▼ 7.6%€971,831▲ 26.3%€996,179▲ 2.5%€2.1m▲ 108%
Working capital-€7,622below the sector's middle half-€128,077below the sector's middle half▼ 1,580%€175,788within the sector's middle half€8,387below the sector's middle half▼ 95.2%-€1.5mbelow the sector's middle half
Solvency42.0%within the sector's middle half▼ 17.3pp43.5%within the sector's middle half▲ 1.5pp35.3%within the sector's middle half▼ 8.2pp31.2%within the sector's middle half▼ 4.1pp14.8%within the sector's middle half▼ 16.4pp
Current ratio0.97below the sector's middle half▼ 0.660.67below the sector's middle half▼ 0.301.30within the sector's middle half▲ 0.631.01below the sector's middle half▼ 0.280.13below the sector's middle half▼ 0.88
Return on assets (ROA)1.7%within the sector's middle half▼ 2.3pp-0.8%below the sector's middle half▼ 2.5pp-4.4%below the sector's middle half▼ 3.6pp-5.5%below the sector's middle half▼ 1.1pp-4.0%below the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €61,893 in 2024 against €72,194 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.2m ▲ 181%
Current assets
€234,793 ▼ 65.6%
Equity and liabilities €2.4m
Equity
€360,779 ▼ 21.1%
Provisions
€0 ▼ 100%
Debt
€2.1m ▲ 108%
Debt's share of the balance-sheet total rises from 68.1% to 85.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32,765▲
2023 · -€20,797
Cash flow
-€1,950▲
2023 · -€28,924
Debt to equity
5.74▲
2023 · 2.18
ROE
-26.8%▼
2023 · -17.6%
Interest coverage
5.64▲
2023 · -1.89
Debt ≤ 1 year
€1.8m▲
2023 · €673,721
Debt > 1 year
€293,277▼
2023 · €322,458
Income taxes
€39,137▲
2023 · €1,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 2,508 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €228,565 | €183,768 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €150,957 | €309,877 | €161,197 | - | - |
| Remuneration, social security and pensions62 | - | - | €2,747 | €960 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,276 | €111,893 | €46,984 | €51,398 | €94,658 | ▲ 84.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,032 | - | €0 | - | - |
| Other operating charges640/8 | - | €116,497 | €2,490 | €15,091 | €14,097 | ▼ 6.6% |
| Non-recurring operating charges66A | - | - | - | - | €8,874 | - |
| Gross operating margin9900 | €204,029 | €228,744 | €26,266 | -€4,745 | €55,736 | ▲ 1,275% |
| Operating profit (loss)9901 | €45,154 | -€678 | -€25,954 | -€72,194 | -€61,893 | ▲ 14.3% |
| Financial income75/76B | - | - | - | €1,542 | €10 | ▼ 99.4% |
| Recurring financial income75 | €0 | - | - | €1,542 | €10 | ▼ 99.4% |
| Financial charges65/66B | - | €13,305 | €11,287 | €11,009 | €5,807 | ▼ 47.2% |
| Recurring financial charges65 | €15,531 | €13,305 | €11,287 | €11,009 | €5,807 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | €29,623 | -€13,983 | -€37,241 | -€81,661 | -€67,691 | ▲ 17.1% |
| Transfer from deferred taxes780 | - | €2,557 | €2,557 | €2,557 | €10,219 | ▲ 300% |
| Income taxes67/77 | €13,273 | €38 | €32,464 | €1,217 | €39,137 | ▲ 3,115% |
| Profit (loss) for the period9904 | €25,296 | -€11,464 | -€67,148 | -€80,321 | -€96,609 | ▼ 20.3% |
| Transfer from tax-exempt reserves789 | - | €9,400 | €9,400 | €9,400 | €37,563 | ▲ 300% |
| Profit (loss) for the period to be appropriated9905 | €42,669 | -€2,064 | -€57,748 | -€70,921 | -€59,046 | ▲ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.5m | €1.5m | €2.4m | ▲ 66.0% |
| Fixed assets21/28 | €1.2m | €1.1m | €754,596 | €781,678 | €2.2m | ▲ 181% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €647,995 | €675,077 | €2.1m | ▲ 209% |
| Land and buildings22 | - | €879,897 | €504,233 | €484,356 | €2.1m | ▲ 324% |
| Plant, machinery and equipment23 | - | €26,440 | €48,371 | €112,854 | €18,427 | ▼ 83.7% |
| Furniture and vehicles24 | - | €115,228 | €95,391 | €77,868 | €4,808 | ▼ 93.8% |
| Other tangible fixed assets26 | - | - | - | - | €9,544 | - |
| Financial fixed assets28 | €106,601 | €106,601 | €106,601 | €106,601 | €106,601 | = |
| Current assets29/58 | €256,536 | €261,408 | €767,720 | €682,108 | €234,793 | ▼ 65.6% |
| Amounts receivable within one year40/41 | €215,749 | €243,431 | €713,445 | €658,823 | €211,461 | ▼ 67.9% |
| Trade receivables40 | - | €32,526 | €482,330 | €455,792 | €11,334 | ▼ 97.5% |
| Other amounts receivable41 | - | €210,905 | €231,115 | €203,030 | €200,127 | ▼ 1.4% |
| Cash at bank and in hand54/58 | €39,787 | €6,535 | €0 | €12,556 | €7,911 | ▼ 37.0% |
| Deferred charges and accrued income490/1 | - | €11,442 | €54,275 | €10,730 | €15,421 | ▲ 43.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.5m | €1.5m | €2.4m | ▲ 66.0% |
| Equity10/15 | €616,320 | €604,857 | €537,709 | €457,387 | €360,779 | ▼ 21.1% |
| Contributions10/11 | €6,355 | €6,355 | €6,355 | €6,355 | €6,355 | = |
| Outside capital11 | - | €6,355 | €6,355 | €6,355 | - | - |
| Other1109/19 | - | €6,355 | €6,355 | €6,355 | - | - |
| Reserves13 | €66,226 | €56,826 | €47,426 | €38,026 | €463 | ▼ 98.8% |
| Non-distributable reserves130/1 | - | €463 | €463 | €463 | €463 | = |
| Reserves not available under the articles1311 | - | €463 | €463 | €463 | €463 | = |
| Tax-exempt reserves132 | - | €56,363 | €46,963 | €37,563 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €543,739 | €541,675 | €483,928 | €413,006 | €353,960 | ▼ 14.3% |
| Provisions and deferred taxes16 | €17,892 | €15,334 | €12,777 | €10,219 | €0 | ▼ 100% |
| Deferred taxes168 | - | €15,334 | €12,777 | €10,219 | €0 | ▼ 100% |
| Amounts payable17/49 | €832,652 | €769,382 | €971,831 | €996,179 | €2.1m | ▲ 108% |
| Amounts payable after more than one year17 | €568,494 | €379,898 | €379,898 | €322,458 | €293,277 | ▼ 9.0% |
| Financial debts170/4 | - | €379,898 | €379,898 | €322,458 | €293,277 | ▼ 9.0% |
| Amounts payable within one year42/48 | €264,158 | €389,484 | €591,932 | €673,721 | €1.8m | ▲ 164% |
| Current portion of amounts payable after more than one year42 | - | €28,265 | €28,265 | €28,873 | €29,182 | ▲ 1.1% |
| Financial debts43 | - | - | - | - | €11 | - |
| Credit institutions430/8 | - | - | - | - | €11 | - |
| Trade debts44 | €120,891 | €36,498 | €258,012 | €233,526 | €21,156 | ▼ 90.9% |
| Suppliers440/4 | - | €36,498 | €258,012 | €233,526 | €21,156 | ▼ 90.9% |
| Taxes, remuneration and social security45 | - | €14,533 | €11,700 | €12,351 | €21,967 | ▲ 77.9% |
| Taxes450/3 | - | €14,533 | €5,426 | €6,076 | €21,967 | ▲ 262% |
| Remuneration and social security454/9 | - | €0 | €6,274 | €6,274 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €310,189 | €293,955 | €398,972 | €1.7m | ▲ 327% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,296 | -€11,464 | -€67,148 | -€80,321 | -€96,609 | ▼ 20.3% |
| + Depreciation and write-downs630 | €100,276 | €111,893 | €46,984 | €51,398 | €94,658 | ▲ 84.2% |
| Operating cash flow (approximation) | €125,572 | €100,429 | -€20,164 | -€28,924 | -€1,950 | ▲ 93.3% |
| Investment in fixed assets (approximation) | - | -€29,730 | €326,586 | -€78,480 | -€1.5m | ▼ 1,822% |
| Change in cash | - | -€33,252 | -€6,535 | €12,556 | -€4,645 | ▼ 137% |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 305 days late
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 564 days late
2024
31-12
Financial
Weakest financial yearnet -€96,609
Net result drops to -€96,609, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 87 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 211 days late
2019
31-12
Financial
Back to profitnet €40,317
Net result €40,317 after one loss-making year.
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Schilde · 1 establishment unit since 1996
Ground area
2,015 m²
Building footprint
289 m²
Volume, LiDAR
1,361 m³
Parcel 11041C0287/00B000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IKCON NV
since 19962.075.623.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0287/00B000 | Flanders | 2,015 m² | 1 · 289 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,762. 1,380 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 (pre-2019)
Founded23-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457264928
Also
9925:BE0457264928
Registered
22-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.