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IKEA BELGIUM

Active
Public limited companyfounded 1983active for 42 yearsWeiveldlaan 19, 1930 Zaventem, BelgiumKBO/BCE: BE 0425.258.688
Summary

IKEA BELGIUM has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.0m and a net result of €72.9m. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 19% of 4,992 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Retail sale of household furniture
NACE 47551
2nd largest employer in Zaventem8 sites
Size
€1.15bnturnover 2025
Staff
3,338.7 FTE
Equity
€27.0m
Profit
€72.9m
Standalone figures, without subsidiaries
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
INGKA HOLDING EUROPE B.V. · 99.96%
Holdings
1
Auditor: KPMG Bedrijfsrevisoren CVBAAccounts 132 days early8 of 74 deeds read
Why 69raises riskEquity €27.0m (8.3% of total assets)Liquidity: current ratio 0.55, cash €17.2mSector: Retail trade (NACE 47)8 establishment unitsShow the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 41% of its sector peers (NACE 47, large)
Financial strength · tick = 2024
Weak
Solvency 33=
equity 8.3% of total assets
Liquidity 11+1
short-term debt 83.7% · cash 5.3%
Profitability 85-3
return on assets 22.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (83 companies, NACE 47, large)
Last 24 months 11-2024: 0.8%highest value 12-2024: 0.7%▼ -0.1 percentage points vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.6%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: 0.6%● unchanged vs 10-2025lowest value 12-2025: 0.7%▲ +0.1 percentage points vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.6%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €1,850,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.55, compared with 0.55 in 2024, below 1; short-term debt: 83.7% and cash: 5.3% of total assets), and 91.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, large): better than 15% on solvency, 19% on liquidity, 99% on profitability and 33% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Equity €27.0m (8.3% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.55, cash €17.2m
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · 8 establishment units
KBO · seat and establishments
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4992 sector peers (2025).
NBB · sector comparison
Position among 4992 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 19-11-2025, 132 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
132 days early
2024
130 days early
2023
88 days early
2022
106 days early
2021
111 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 113 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 10 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-08-2026 year end21-10-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Nikolaos Manalis (member of the…Appointment: Chiara Mazzalupi (member of…
  2. Resignations & appointmentsGeneral meeting
  3. Annual accounts filedfinancial year 2025 · consolidated

Key points

  • Positive: Among the best 5% on net resultsector median €39,953 · 4,992 companies €72.9m View
  • Controlled by INGKA HOLDING EUROPE B.V.known shareholders 100% 99.96% View
  • Positive: 7 profitable years in a rowprofit 2025: €72.9m 7 years View
  • Board changedlatest change 01-09-2026 · 0 in office 1 joined · 1 left View
  • Flemish supportawarded from 2022 to 2025 €345,298 View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€1.15bn
Profit
€72.9m
Solvency
8.3%
Turnover▼ 1.4%
Net result
20192025
Go to Financials

Board & ownership

Parent
INGKA HOLDING EUROPE B.V. · 99.96%
Known shareholders
100%
Auditor
KPMG Bedrijfsrevisoren CVBA
Go to Board & ownership

Timeline

Events
65
Since
1985
Next accounts
by 31-03-2027
  1. 23-03-2026Annual accounts filed
  2. 19-02-2026Resignations & appointments
  3. 19-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
8
Legal form
Public limited company
Activity
Retail sale of household furnitureNACE 47551
Founded
28-12-1983
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

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