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ION

Active
Private limited companyfounded 2011active for 15 yearsVredestraat 53, 8790 Waregem, Belgium141 active companies are registered at this addressKBO/BCE: BE 0838.897.867
Summary

ION has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €529,639 and a net result of €195,722. Equity is shrinking by about 7.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€8.7mturnover 2024
Equity
€529,639
Profit
€195,722
Financial health
68 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
ION HOLDING · 100%
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 36 days early1 of 11 deeds read
Why 68raises riskFigures for financial year 2024 (filed 03-07-2025)Liquidity: current ratio 3.59, cash €119,512Equity €529,639 (4.5% of total assets)lowers riskSize: turnover €8.7m, total assets €11.8mShow the evidence

Checked score

Score 2024
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 68, medium-sized)
Financial strength · tick = 2023
Weak
Solvency 29=
equity 4.5% of total assets
Liquidity 40+18
short-term debt 27.8% · cash 1.0%
Profitability 38+5
return on assets 1.7%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,719 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.2%▲ +0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.59, compared with 1.7 in 2023, above the usual 1.5; short-term debt: 27.8% and cash: 1% of total assets), but 95.5% 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 68, medium-sized): better than 22% on solvency, 32% on liquidity, 42% on profitability and 51% on growth.

The bankruptcy probability was computed on 13-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 03-07-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 3.59, cash €119,512
NBB · annual accounts
lowers risk · Size: turnover €8.7m, total assets €11.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €529,639 (4.5% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
31 days early
2023
22 days early
2022
19 days early
2021
31 days late
2020
24 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Wim Van Gasse…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Result rose in 2024from €121,813 to €195,722 ▲ 60.7% View
  • Controlled by ION HOLDING 100% View
  • EU supportawarded in 2023 €440,035 View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2024
Turnover
€8.7m
Profit
€195,722
Solvency
4.5%
Turnover▼ 26.5%
Net result
20182024
Go to Financials

Timeline

Events
24
Since
2012
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2024
  2. 31-12-2024Liquidity more than doubled
  3. 31-12-2024Equity above €500,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of non-residential building projectsNACE 68122
Founded
31-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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