IKEA Distribution BENELUX

Active

Public limited companyfounded 1973active for 52 yearsMercuriuslaan 2, 3600 Genk, BelgiumKBO/BCE: BE 0413.749.837

From the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

IKEA Distribution BENELUX has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of €2.4m. Equity has been stable since 2019 (±0% per year). Its solvency ranks better than 15% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisFollow Report Compare

IKEA Distribution BENELUXActiveChecked score 80/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 05-11-1973 Normal situation
Legal form: Public limited company
Registered office: Mercuriuslaan 2, 3600 Genk
Activity: Wholesale of non-electrical household articles NACE 46494and 1 other
Establishment unit: 2.013.389.804 3600 Genk, since 14-03-1994
Financial year end: 31 August
Peppol: Reachable since 05-03-2025

Company details

Board and ownership

Board

Nilsson Karnell MariaDirector · since 20-11-2024
Vanoverbeke StefanDirector · since 20-11-2024
André SchmidtgallDirector
Francis KANTNERDirector

and 3 other directors

Auditor: KPMG BEDRIJFSREVISOREN BV CVBA

Shareholders

INGKA HOLDING EUROPE B.V.99.99%annual accounts 31-08-2025
INGKA HOLDING BV0.01%annual accounts 31-08-2025

Board & ownership

Financial position

80 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Annual accounts to 31-08-2025

Turnover: €104.5m; ▲ 6.8%
Profit: €2.4m; ▼ 2.6%
Equity: €5.0m; ▼ 0.1%
Total assets: €38.3m; ▲ 34.7%
Staff: 317.2 FTE; ▲ 1.5%

2025 accounts filed 132 days before the deadline

Filed on 19-11-2025PDF

Financials

Score breakdownraises riskLiquidity: current ratio 0.29, cash €287Equity €5.0m (12.9% of total assets)lowers riskSize: turnover €104.5m, 317.2 FTE, total assets €38.3mFounded in 1973Show the evidence

Checked score

Score 2025

80 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 39% of large companies in wholesale trade (NACE 46)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Weak

Solvency 38-4

equity 12.9% of total assets

Liquidity 2-3

short-term debt 87.1% · cash 0.0%

Profitability 66-2

return on assets 6.4%

Bankruptcy probability within 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies, NACE 46, large)

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.4%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: 0.5%▲ +0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025highest value 01-2026: 0.5%● unchanged vs 12-2025highest value 02-2026: 0.5%● unchanged vs 01-2026highest value 03-2026: 0.5%● unchanged vs 02-2026highest value 04-2026: 0.5%● unchanged vs 03-2026highest value 05-2026: 0.5%● unchanged vs 04-2026highest value 06-2026: 0.5%● unchanged vs 05-2026highest value 07-2026: 0.5%● unchanged vs 06-2026highest value 08-2026: 0.5%● unchanged vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026

Credit of up to €390,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.29 (0.29 in 2024), below 1. Short-term debt is 87.1% and cash 0% of total assets. 87.1% of the assets are financed with debt and provisions.

Calculation

The band follows from the bankruptcy probability. 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 46, large). It does better than 20% of them on solvency, 7% on liquidity, 71% on profitability and 58% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.29, cash €287

NBB · annual accounts

Equity €5.0m (12.9% of total assets)

NBB · annual accounts

Size: turnover €104.5m, 317.2 FTE, total assets €38.3m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Founded in 1973

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Weak solvency compared with the sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 6167 sector peers (2025).

NBB · sector comparison

Position among 6167 sector peers

Solvency

better than 15%

← weakest strongest →

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 · 10 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

2020

107 days early

2019

117 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 113 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 end01-11-2026 today31-03-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Key points

Positive: Largest employer in Genk, Wholesale and retail trade sectorin the Checked rankings No. 1 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €2.4m 7 years View
Board changedlatest change 01-03-2026 · 7 in office 1 joined · 1 left View
Flemish supportawarded from 2022 to 2025 €98,013 View

Documents

Key facts about IKEA Distribution BENELUX

What is the company number of IKEA Distribution BENELUX?: The company number of IKEA Distribution BENELUX is 0413.749.837. The VAT number is the same number with BE in front: BE 0413.749.837.
Where is IKEA Distribution BENELUX based?: The registered office is at Mercuriuslaan 2, 3600 Genk.Company details
What does IKEA Distribution BENELUX do?: According to the KBO register, the main activity is wholesale of non-electrical household articles (NACE 46494).
What is the legal form of IKEA Distribution BENELUX?: The legal form of IKEA Distribution BENELUX is Public limited company (NV).
When was IKEA Distribution BENELUX founded?: IKEA Distribution BENELUX was founded on 05-11-1973.
Is IKEA Distribution BENELUX still active?: Yes, IKEA Distribution BENELUX is an active enterprise in the KBO register.
How many employees does IKEA Distribution BENELUX have?: IKEA Distribution BENELUX had an average of 317.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of IKEA Distribution BENELUX?: The turnover of IKEA Distribution BENELUX was €104.5m in financial year 2025, according to the filed annual accounts.
Is IKEA Distribution BENELUX profitable?: In financial year 2025, IKEA Distribution BENELUX made a profit of €2.4m.
Where can I find the annual accounts of IKEA Distribution BENELUX?: IKEA Distribution BENELUX filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of IKEA Distribution BENELUX due?: IKEA Distribution BENELUX must file the annual accounts for financial year 2026 by 31-03-2027.Timeline

Comparable companies

These companies have the same main activity as IKEA Distribution BENELUX: wholesale of non-electrical household articles (NACE 46494). They are comparable in size and age: total assets between €4.8m and €39m, founded between 1968 and 1987.

Company	Total assets	Turnover
IKEA Distribution BENELUX Genk	€38.3m	€104.5m
JOLIPA Tournai	€38.6m	€40.5m
SERAX Kontich	€26.4m	€42.2m
Menouquin Nivelles	€30.9m	€150.7m
CODERA Waregem	€4.8m	-
SWAROVSKI BELGIUM Elsene	€6.5m	€13.7m
FORMA Leuven	€5.4m	-