ILONATO
ActiveSummary
The computed 12-month bankruptcy probability of ILONATO is 3.7% (moderate). The 2025 annual accounts show equity of €6.3m and a net result of €4.8m. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 2204 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, full schema
In the rankings
#3 company by staff growth in Brussels, Construction sector#7 company by equity in the Brussels-Capital Region, Specialised construction sector#8 company by total assets in the Brussels-Capital Region, Specialised construction sector
Turnover
€47.5m▲ 14.6%
2024 · €41.4m
EBIT margin
11.1%▼ 2.1pp
2024 · 13.2%
Net result
€4.8m▼ 5.7%
2024 · €5.1m
Working capital
-€4.6m
2024 · €1.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25.5m€36.2m▲ 41.9%€41.4m▲ 14.5%€47.5m▲ 14.6%
Operating result€1.8m▲ 179%€4.0m▲ 121%€4.0m▲ 0.4%€5.5m▲ 36.7%€5.3m▼ 3.3%
Net result€1.3mabove the sector's middle half▲ 137%€2.9m▲ 124%€2.7m▼ 7.0%€5.1m▲ 88.3%€4.8mabove the sector's middle half▼ 5.7%
EBIT margin15.6%11.0%▼ 4.6pp13.2%▲ 2.1pp11.1%▼ 2.1pp
Equity€2.9mabove the sector's middle half▲ 61.5%€4.9m▲ 71.6%€6.7m▲ 36.4%€10.5m▲ 57.1%€6.3mabove the sector's middle half▼ 39.5%
Total assets€15.2mabove the sector's middle half▲ 27.4%€18.9m▲ 24.2%€29.2m▲ 54.1%€36.6m▲ 25.3%€40.0mabove the sector's middle half▲ 9.3%
Debt€12.4m▲ 21.5%€14.0m▲ 13.2%€22.5m▲ 60.3%€26.1m▲ 15.9%€33.6m▲ 28.9%
Working capital€3.6mabove the sector's middle half▲ 130%€2.0m▼ 43.4%€1.6m▼ 21.1%€1.4m▼ 10.1%-€4.6mbelow the sector's middle half
Solvency18.7%below the sector's middle half▲ 4.0pp25.9%▲ 7.2pp22.9%▼ 3.0pp28.7%▲ 5.8pp15.9%below the sector's middle half▼ 12.8pp
Current ratio1.78within the sector's middle half▲ 0.321.24▼ 0.541.14▼ 0.101.10▼ 0.040.78below the sector's middle half▼ 0.32
Return on assets (ROA)8.5%within the sector's middle half▲ 3.9pp15.2%▲ 6.8pp9.2%▼ 6.0pp13.8%▲ 4.6pp11.9%above the sector's middle half▼ 1.9pp
Staff (FTE)24.4above the sector's middle half▲ 30.5%30.7▲ 25.8%34.6▲ 12.7%40.3▲ 16.5%45.8above the sector's middle half▲ 13.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40.0m
Fixed assets
€23.6m ▲ 15.0%
Current assets
€16.3m ▲ 2.0%
Equity and liabilities €40.0m
Equity
€6.3m ▼ 39.5%
Debt
€33.6m ▲ 28.9%
Debt's share of the balance-sheet total rises from 71.3% to 84.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6.4m▲
2024 · €6.4m
Cash flow
€5.9m▼
2024 · €6.0m
Quick ratio
0.38▼
2024 · 0.56
Debt to equity
5.30▲
2024 · 2.48
ROE
75.1%▲
2024 · 48.1%
Interest coverage
9.06▲
2024 · 8.88
Debt ≤ 1 year
€21.0m▲
2024 · €14.6m
Debt > 1 year
€12.6m▲
2024 · €11.4m
Income taxes
€1.2m▼
2024 · €1.2m
Staff costs
€2.8m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,609 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €25.6m | €36.3m | €41.5m | €47.6m | ▲ 14.5% |
| Turnover70 | - | €25.5m | €36.2m | €41.4m | €47.5m | ▲ 14.6% |
| Other operating income74 | - | €0.07m | €0.08m | €0.06m | €0.09m | ▲ 52.7% |
| Non-recurring operating income76A | €0.002m | €0.03m | €0.02m | €0.04m | €0.001m | ▼ 98.2% |
| Operating charges60/66A | - | €21.6m | €32.3m | €36.1m | €42.3m | ▲ 17.2% |
| Goods for resale, raw materials and consumables60 | - | €18.6m | €28.0m | €30.8m | €35.8m | ▲ 15.9% |
| Purchases600/8 | - | €19.9m | €28.8m | €31.7m | €36.2m | ▲ 14.1% |
| Change in stocks: decrease (increase)609 | - | -€1.4m | -€0.8m | -€0.9m | -€0.4m | ▲ 50.7% |
| Services and other goods61 | - | €0.9m | €1.3m | €1.6m | €2.1m | ▲ 31.7% |
| Remuneration, social security and pensions62 | €0.9m | €1.3m | €1.7m | €2.2m | €2.8m | ▲ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.5m | €1.0m | €1.0m | €1.1m | ▲ 19.4% |
| Other operating charges640/8 | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▼ 3.3% |
| Non-recurring operating charges66A | - | €0.07m | €0.02m | - | €0.001m | - |
| Gross operating margin9900 | €3.3m | - | - | - | - | - |
| Operating profit (loss)9901 | €1.8m | €4.0m | €4.0m | €5.5m | €5.3m | ▼ 3.3% |
| Financial income75/76B | €0.07m | €0.09m | €0.1m | €1.6m | €1.4m | ▼ 8.6% |
| Recurring financial income75 | €0.07m | €0.09m | €0.09m | €1.6m | €1.4m | ▼ 8.5% |
| Income from financial fixed assets750 | - | - | - | €1.5m | €1.3m | ▼ 10.3% |
| Income from current assets751 | - | - | - | €0.005m | €0.006m | ▲ 39.3% |
| Other financial income752/9 | - | €0.09m | €0.09m | €0.1m | €0.1m | ▲ 13.8% |
| Non-recurring financial income76B | - | - | €0.02m | €0.001m | - | - |
| Financial charges65/66B | €0.1m | €0.2m | €0.5m | €0.8m | €0.8m | ▼ 0.3% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.5m | €0.8m | €0.8m | ▼ 1.3% |
| Debt charges650 | - | €0.2m | €0.5m | €0.7m | €0.7m | ▼ 2.0% |
| Other financial charges652/9 | - | €0.02m | €0.03m | €0.04m | €0.04m | ▲ 12.4% |
| Non-recurring financial charges66B | - | - | - | - | €0.007m | - |
| Profit (loss) for the period before taxes9903 | €1.7m | €3.9m | €3.6m | €6.3m | €6.0m | ▼ 5.0% |
| Income taxes67/77 | €0.4m | €1.0m | €0.9m | €1.2m | €1.2m | ▼ 2.2% |
| Taxes670/3 | - | €1.0m | €0.9m | €1.2m | €1.2m | ▼ 2.2% |
| Profit (loss) for the period9904 | €1.3m | €2.9m | €2.7m | €5.1m | €4.8m | ▼ 5.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.3m | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €2.9m | €2.7m | €4.7m | €4.8m | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.2m | €18.9m | €29.2m | €36.6m | €40.0m | ▲ 9.3% |
| Fixed assets21/28 | €7.1m | €8.4m | €16.3m | €20.5m | €23.6m | ▲ 15.0% |
| Intangible fixed assets21 | €0.1m | €0.09m | €0.08m | €0.06m | €0.05m | ▼ 21.9% |
| Tangible fixed assets22/27 | €7.0m | €8.3m | €14.7m | €14.7m | €17.8m | ▲ 21.0% |
| Land and buildings22 | €6.0m | €7.0m | €12.5m | €12.9m | €16.2m | ▲ 25.7% |
| Plant, machinery and equipment23 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 30.0% |
| Furniture and vehicles24 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 5.4% |
| Leasing and similar rights25 | €0.4m | €0.6m | €1.4m | €1.2m | €0.8m | ▼ 30.8% |
| Other tangible fixed assets26 | - | - | €0.009m | €0.009m | €0.009m | = |
| Financial fixed assets28 | €0.02m | €0.02m | €1.6m | €5.7m | €5.7m | = |
| Affiliated companies280/1 | - | - | €1.6m | €5.7m | €5.7m | = |
| Participating interests280 | - | - | €1.6m | €5.7m | €5.7m | = |
| Other financial fixed assets284/8 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable and cash guarantees285/8 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €8.1m | €10.5m | €12.9m | €16.0m | €16.3m | ▲ 2.0% |
| Stocks and contracts in progress3 | €4.8m | €6.2m | €7.0m | €7.9m | €8.3m | ▲ 5.3% |
| Stocks30/36 | €4.8m | €6.2m | €7.0m | €7.9m | €8.3m | ▲ 5.3% |
| Goods purchased for resale34 | - | €6.2m | €7.0m | €7.9m | €8.3m | ▲ 5.3% |
| Amounts receivable within one year40/41 | €2.4m | €3.4m | €4.5m | €6.4m | €6.9m | ▲ 7.4% |
| Trade receivables40 | €2.4m | €3.4m | €4.4m | €5.8m | €6.5m | ▲ 12.0% |
| Other amounts receivable41 | - | €0.005m | €0.2m | €0.6m | €0.4m | ▼ 33.7% |
| Cash at bank and in hand54/58 | €0.9m | €0.9m | €1.2m | €1.7m | €1.1m | ▼ 34.9% |
| Deferred charges and accrued income490/1 | €0.005m | €0.04m | €0.04m | €0.03m | €0.03m | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.2m | €18.9m | €29.2m | €36.6m | €40.0m | ▲ 9.3% |
| Equity10/15 | €2.9m | €4.9m | €6.7m | €10.5m | €6.3m | ▼ 39.5% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.005m | €0.005m | - | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | €0.005m | €0.005m | - | - | - | - |
| Reserves not available under the articles1311 | €0.005m | €0.005m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €1.6m | €3.7m | €5.3m | €8.6m | €4.6m | ▼ 46.8% |
| Investment grants15 | €0.8m | €0.8m | €1.0m | €1.1m | €1.0m | ▼ 10.1% |
| Amounts payable17/49 | €12.4m | €14.0m | €22.5m | €26.1m | €33.6m | ▲ 28.9% |
| Amounts payable after more than one year17 | €7.8m | €5.5m | €11.2m | €11.4m | €12.6m | ▲ 10.1% |
| Financial debts170/4 | €7.8m | €5.5m | €11.1m | €11.4m | €12.5m | ▲ 10.1% |
| Leasing and similar obligations172 | - | €0.5m | €1.2m | €0.9m | €0.6m | ▼ 37.2% |
| Credit institutions173 | - | €5.0m | €10.0m | €10.5m | €11.9m | ▲ 14.3% |
| Other amounts payable178/9 | €0.03m | €0.04m | €0.04m | €0.04m | €0.05m | ▲ 3.3% |
| Amounts payable within one year42/48 | €4.6m | €8.5m | €11.3m | €14.6m | €21.0m | ▲ 43.8% |
| Current portion of amounts payable after more than one year42 | €0.7m | €0.8m | €1.5m | €3.2m | €1.9m | ▼ 40.3% |
| Financial debts43 | - | €3.1m | €3.7m | €3.8m | €3.8m | = |
| Credit institutions430/8 | - | €3.1m | €3.7m | €3.8m | €3.8m | = |
| Trade debts44 | €3.2m | €3.2m | €4.6m | €5.5m | €5.8m | ▲ 4.1% |
| Suppliers440/4 | €3.2m | €3.2m | €4.6m | €5.5m | €5.8m | ▲ 4.1% |
| Taxes, remuneration and social security45 | €0.4m | €1.1m | €0.9m | €0.8m | €1.1m | ▲ 42.9% |
| Taxes450/3 | €0.4m | €1.0m | €0.8m | €0.6m | €0.9m | ▲ 50.5% |
| Remuneration and social security454/9 | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 20.2% |
| Other amounts payable47/48 | €0.2m | €0.3m | €0.6m | €1.3m | €8.4m | ▲ 572% |
| Accrued charges and deferred income492/3 | €0.02m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €2.9m | €2.7m | €5.1m | €4.8m | ▼ 5.7% |
| + Depreciation and write-downs630 | €0.4m | €0.5m | €1.0m | €1.0m | €1.1m | ▲ 19.4% |
| Operating cash flow (approximation) | €1.7m | €3.4m | €3.7m | €6.0m | €5.9m | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | -€1.8m | -€8.9m | -€5.2m | -€4.2m | ▲ 18.7% |
| Change in cash | - | €0.02m | €0.4m | €0.4m | -€0.6m | ▼ 236% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 15,515 companies in this sector we hold annual accounts for 7,450. 771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector