IKO
ActiveSummary
IKO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,050 and a net result of €16,468. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 8103 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+5
Solvency44▲+7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.36 in 2023; short-term debt: 67.6% and cash: 0.1% of total assets), and 80.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19.3%
Return on assets
7.2%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8103 sector peers (2024).
NBB · sector comparisonPosition among 8103 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €44,050
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
24 d late
2021
80 d early
2020
124 d early
2019
99 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€44,050▲ 59.7%
2023 · €27,582
Total assets
€228,165▼ 3.7%
2023 · €236,925
Net result
€16,468▲ 100%
2023 · €8,219
Working capital
-€96,126▼ 3.3%
2023 · -€93,039
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-€13,333-€34,222▼ 157%€13,822€11,700▼ 15.3%€19,570▲ 67.3%
Net result-€17,102-€44,581▼ 161%€9,507€8,219▼ 13.5%€16,468▲ 100%
Equity€42,037▼ 28.9%€9,856▼ 76.6%€19,363▲ 96.5%€27,582▲ 42.4%€44,050▲ 59.7%
Total assets€253,414▼ 14.9%€327,580▲ 29.3%€202,893▼ 38.1%€236,925▲ 16.8%€228,165▼ 3.7%
Debt€211,377▼ 11.5%€317,724▲ 50.3%€183,530▼ 42.2%€209,343▲ 14.1%€184,115▼ 12.1%
Working capital-€13,180▲ 52.6%-€125,689▼ 854%-€63,166▲ 49.7%-€93,039▼ 47.3%-€96,126▼ 3.3%
Staff (FTE)8.6▼ 15.7%9.5▲ 10.5%3.7▼ 61.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Staff (FTE) -61% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 67% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228,165
Fixed assets
€169,941 ▼ 7.7%
Current assets
€58,224 ▲ 10.3%
Equity and liabilities €228,165
Equity
€44,050 ▲ 59.7%
Debt
€184,115 ▼ 12.1%
Debt's share of the balance-sheet total falls from 88.4% to 80.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,760▲
2023 · €24,666
Cash flow
€30,658▲
2023 · €21,185
Current ratio
0.38▲
2023 · 0.36
Debt to equity
4.18▼
2023 · 7.59
ROE
37.4%▲
2023 · 29.8%
ROA
7.2%▲
2023 · 3.5%
Interest coverage
12.06▲
2023 · 7.54
Debt ≤ 1 year
€154,349▲
2023 · €145,834
Debt > 1 year
€29,765▼
2023 · €63,510
Income taxes
€303▲
2023 · €211
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €28,684 | - | - | - |
| Remuneration, social security and pensions62 | - | €123,947 | €49,067 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,053 | €50,344 | €1,168 | €12,966 | €14,190 | ▲ 9.4% |
| Other operating charges640/8 | - | €5,026 | €1,558 | €3,086 | €2,111 | ▼ 31.6% |
| Gross operating margin9900 | €138,420 | €145,096 | €65,615 | €27,752 | €35,871 | ▲ 29.3% |
| Operating profit (loss)9901 | -€13,333 | -€34,222 | €13,822 | €11,700 | €19,570 | ▲ 67.3% |
| Financial income75/76B | - | €64 | €21 | - | - | - |
| Recurring financial income75 | €42 | €64 | €21 | - | - | - |
| Financial charges65/66B | - | €10,217 | €4,300 | €3,270 | €2,799 | ▼ 14.4% |
| Recurring financial charges65 | €3,600 | €10,217 | €4,300 | €3,270 | €2,799 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | -€16,890 | -€44,375 | €9,543 | €8,430 | €16,771 | ▲ 98.9% |
| Income taxes67/77 | €212 | €206 | €36 | €211 | €303 | ▲ 43.4% |
| Profit (loss) for the period9904 | -€17,102 | -€44,581 | €9,507 | €8,219 | €16,468 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | -€17,102 | -€44,581 | €9,507 | €8,219 | €16,468 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253,414 | €327,580 | €202,893 | €236,925 | €228,165 | ▼ 3.7% |
| Fixed assets21/28 | €151,050 | €258,678 | €126,597 | €184,130 | €169,941 | ▼ 7.7% |
| Intangible fixed assets21 | €70,889 | €60,833 | - | - | - | - |
| Tangible fixed assets22/27 | €79,711 | €72,395 | €1,147 | €59,130 | €44,941 | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €6,074 | - | - | - | - |
| Furniture and vehicles24 | - | €4,216 | €1,147 | - | - | - |
| Leasing and similar rights25 | - | - | - | €59,130 | €44,941 | ▼ 24.0% |
| Other tangible fixed assets26 | - | €62,105 | - | - | - | - |
| Financial fixed assets28 | €450 | €125,450 | €125,450 | €125,000 | €125,000 | = |
| Current assets29/58 | €102,364 | €68,902 | €76,296 | €52,795 | €58,224 | ▲ 10.3% |
| Stocks and contracts in progress3 | €9,307 | €8,416 | - | - | - | - |
| Stocks30/36 | - | €8,416 | - | - | - | - |
| Amounts receivable within one year40/41 | €20,982 | €15,713 | €50,955 | €44,048 | €53,957 | ▲ 22.5% |
| Trade receivables40 | - | €5,827 | €50,955 | €40,380 | €53,840 | ▲ 33.3% |
| Other amounts receivable41 | - | €9,886 | - | €3,668 | €117 | ▼ 96.8% |
| Cash at bank and in hand54/58 | €55,685 | €34,359 | €20,894 | €4,156 | €157 | ▼ 96.2% |
| Deferred charges and accrued income490/1 | - | €10,414 | €4,446 | €4,591 | €4,110 | ▼ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253,414 | €327,580 | €202,893 | €236,925 | €228,165 | ▼ 3.7% |
| Equity10/15 | €42,037 | €9,856 | €19,363 | €27,582 | €44,050 | ▲ 59.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €35,837 | €1,860 | €1,860 | €8,982 | €25,450 | ▲ 183% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €8,982 | €25,450 | ▲ 183% |
| Profit (loss) carried forward14 | - | -€10,604 | -€1,097 | - | - | - |
| Amounts payable17/49 | €211,377 | €317,724 | €183,530 | €209,343 | €184,115 | ▼ 12.1% |
| Amounts payable after more than one year17 | €95,127 | €117,054 | €44,068 | €63,510 | €29,765 | ▼ 53.1% |
| Financial debts170/4 | - | €117,054 | €44,068 | €63,510 | €29,765 | ▼ 53.1% |
| Amounts payable within one year42/48 | €115,544 | €194,591 | €139,462 | €145,834 | €154,349 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €62,317 | €20,342 | €32,868 | €33,744 | ▲ 2.7% |
| Financial debts43 | - | €3,344 | - | - | - | - |
| Credit institutions430/8 | - | €3,344 | - | - | - | - |
| Trade debts44 | €19,481 | €35,523 | €5,550 | €6,961 | €6,109 | ▼ 12.2% |
| Suppliers440/4 | - | €35,523 | €5,550 | €6,961 | €6,109 | ▼ 12.2% |
| Taxes, remuneration and social security45 | - | €17,282 | €15,538 | €4,594 | €8,662 | ▲ 88.6% |
| Taxes450/3 | - | €5,873 | €8,108 | €342 | €8,662 | ▲ 2,432% |
| Remuneration and social security454/9 | - | €11,409 | €7,430 | €4,252 | - | - |
| Other amounts payable47/48 | - | €76,126 | €98,032 | €101,411 | €105,834 | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | €6,079 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,102 | -€44,581 | €9,507 | €8,219 | €16,468 | ▲ 100% |
| + Depreciation and write-downs630 | €47,053 | €50,344 | €1,168 | €12,966 | €14,190 | ▲ 9.4% |
| Operating cash flow (approximation) | €29,951 | €5,763 | €10,675 | €21,185 | €30,658 | ▲ 44.7% |
| Investment in fixed assets (approximation) | - | -€157,972 | €130,913 | -€70,499 | €0 | ▲ 100% |
| Change in cash | - | -€21,326 | -€13,465 | -€16,738 | -€3,999 | ▲ 76.1% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Back to profitnet €9,507
Net result €9,507 after 2 loss-making years.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€44,581
Net result drops to -€44,581, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ieper · 1 establishment unit since 2018
Ground area
219 m²
Building footprint
219 m²
Volume, LiDAR
2,330 m³
Parcel 33011G0061/00K000, Flanders · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IKO
since 20182.272.970.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011G0061/00K000 | Flanders | 219 m² | 1 · 219 m² | 19.2 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of IKO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,008 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
Founded12-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690541119
Also
9925:BE0690541119
Registered
16-10-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.