Ionco
ActiveSummary
Ionco has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€7,209) and a net result of €1,692. Equity is shrinking by ~10.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability79▲+12
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.25 in 2025; short-term debt: 134.9% and cash: 57.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2026Solvency, return and age of the figures
Solvency
-34.9%
Return on assets
8.2%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
46 d early
2024
38 d early
2023
40 d early
2022
15 d late
2021
3 d early
2020
29 d 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 21 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€33,970
EBIT margin
4.5%
Net result
€1,692▲ 447%
2025 · €309
Working capital
-€14,287▲ 19.6%
2025 · -€17,760
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 55, Accommodation, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€33,970
Operating result€1,534-€4,905€371€389▲ 4.9%€1,782▲ 358%
Net result€1,524within the sector's middle half-€4,986within the sector's middle half€147within the sector's middle half€309within the sector's middle half▲ 110%€1,692▲ 447%
EBIT margin4.5%
Equity-€4,372within the sector's middle half▲ 25.8%-€9,357within the sector's middle half▼ 114%-€9,210within the sector's middle half▲ 1.6%-€8,901within the sector's middle half▲ 3.4%-€7,209▲ 19.0%
Total assets€9,299below the sector's middle half▲ 2,634%€2,132below the sector's middle half▼ 77.1%€5,347below the sector's middle half▲ 151%€14,830below the sector's middle half▲ 177%€20,644▲ 39.2%
Debt€13,671▲ 119%€11,489▼ 16.0%€14,557▲ 26.7%€23,731▲ 63.0%€27,853▲ 17.4%
Working capital-€4,372within the sector's middle half▲ 25.8%-€9,357within the sector's middle half▼ 114%-€9,210within the sector's middle half▲ 1.6%-€17,760within the sector's middle half▼ 92.8%-€14,287▲ 19.6%
Solvency-47.0%below the sector's middle half-172.3%below the sector's middle half-60.0%below the sector's middle half▲ 112.2pp-34.9%▲ 25.1pp
Current ratio0.68within the sector's middle half0.37within the sector's middle half0.25within the sector's middle half▼ 0.120.49▲ 0.24
Return on assets (ROA)16.4%above the sector's middle half2.8%within the sector's middle half2.1%within the sector's middle half▼ 0.7pp8.2%▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 358% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €20,644
Fixed assets
€7,078 ▼ 20.1%
Current assets
€13,566 ▲ 127%
Key figures and ratios
EBITDA
€3,563▲
2025 · €436
Cash flow
€3,473▲
2025 · €356
Quick ratio
0.43▲
2025 · 0.20
Debt to equity
-3.86▼
2025 · -2.67
Interest coverage
39.57▲
2025 · 5.47
Debt ≤ 1 year
€27,853▲
2025 · €23,731
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 3,795 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €33,970 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €32,374 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €47 | €1,781 | ▲ 3,713% |
| Other operating charges640/8 | €62 | €62 | €7,562 | €2,562 | €11,062 | ▲ 332% |
| Gross operating margin9900 | €1,596 | -€4,843 | €7,933 | €2,998 | €14,625 | ▲ 388% |
| Operating profit (loss)9901 | €1,534 | -€4,905 | €371 | €389 | €1,782 | ▲ 358% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 75.0% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 75.0% |
| Financial charges65/66B | €11 | €81 | €224 | €80 | €90 | ▲ 13.1% |
| Recurring financial charges65 | €11 | €81 | €194 | €80 | €90 | ▲ 13.1% |
| Non-recurring financial charges66B | - | - | €30 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,524 | -€4,986 | €147 | €309 | €1,692 | ▲ 447% |
| Profit (loss) for the period9904 | €1,524 | -€4,986 | €147 | €309 | €1,692 | ▲ 447% |
| Profit (loss) for the period to be appropriated9905 | €1,524 | -€4,986 | €147 | €309 | €1,692 | ▲ 447% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,299 | €2,132 | €5,347 | €14,830 | €20,644 | ▲ 39.2% |
| Fixed assets21/28 | - | - | - | €8,859 | €7,078 | ▼ 20.1% |
| Tangible fixed assets22/27 | - | - | - | €8,859 | €7,078 | ▼ 20.1% |
| Land and buildings22 | - | - | - | €6,962 | €5,562 | ▼ 20.1% |
| Plant, machinery and equipment23 | - | - | - | €1,897 | €1,516 | ▼ 20.1% |
| Current assets29/58 | €9,299 | €2,132 | €5,347 | €5,971 | €13,566 | ▲ 127% |
| Stocks and contracts in progress3 | - | - | €1,133 | €1,255 | €1,625 | ▲ 29.5% |
| Stocks30/36 | - | - | €1,133 | €1,255 | €1,625 | ▲ 29.5% |
| Amounts receivable within one year40/41 | €244 | €60 | €126 | €1,095 | €143 | ▼ 86.9% |
| Trade receivables40 | - | - | - | €1,000 | - | - |
| Other amounts receivable41 | €244 | €60 | €126 | €95 | €143 | ▲ 51.1% |
| Cash at bank and in hand54/58 | €9,055 | €2,072 | €2,795 | €1,639 | €11,797 | ▲ 620% |
| Deferred charges and accrued income490/1 | - | - | €1,293 | €1,982 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,299 | €2,132 | €5,347 | €14,830 | €20,644 | ▲ 39.2% |
| Equity10/15 | -€4,372 | -€9,357 | -€9,210 | -€8,901 | -€7,209 | ▲ 19.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,996 | €1,996 | €1,996 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €137 | €137 | €137 | - | - | - |
| Profit (loss) carried forward14 | -€24,960 | -€29,945 | -€29,798 | -€29,352 | -€27,661 | ▲ 5.8% |
| Amounts payable17/49 | €13,671 | €11,489 | €14,557 | €23,731 | €27,853 | ▲ 17.4% |
| Amounts payable within one year42/48 | €13,671 | €11,489 | €14,557 | €23,731 | €27,853 | ▲ 17.4% |
| Trade debts44 | €2,695 | €71 | €53 | €8,465 | €124 | ▼ 98.5% |
| Suppliers440/4 | €2,695 | €71 | €53 | €8,465 | €124 | ▼ 98.5% |
| Taxes, remuneration and social security45 | €1,634 | €1,824 | €8,839 | €1,675 | €4,137 | ▲ 147% |
| Taxes450/3 | €1,634 | €1,824 | €3,089 | €1,675 | €4,137 | ▲ 147% |
| Remuneration and social security454/9 | - | - | €5,750 | - | - | - |
| Other amounts payable47/48 | €9,341 | €9,595 | €5,665 | €13,592 | €23,592 | ▲ 73.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,524 | -€4,986 | €147 | €309 | €1,692 | ▲ 447% |
| + Depreciation and write-downs630 | - | - | - | €47 | €1,781 | ▲ 3,713% |
| Operating cash flow (approximation) | €1,524 | -€4,986 | €147 | €356 | €3,473 | ▲ 875% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€6,983 | €723 | -€1,156 | €10,158 | ▲ 978% |
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
Next filing, fiscal year 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €147
Net result €147 after one loss-making year.
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€4,986
Net result drops to -€4,986, the lowest in the series; recovery starts the following year.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
31-03
Financial
Back to profitnet €1,524
Net result €1,524 after one loss-making year.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
24-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 389 days late
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Truiden · 2 establishment units since 1998
Ground area
2,266 m²
Building footprint
336 m²
Volume, LiDAR
1,863 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
2 establishment units
IONCO
since 19982.086.103.675
IONCO
since 20252.373.315.430
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009C0580/00P000 | Flanders | 1,960 m² | 1 · 166 m² | 8.8 m · 2 fl. |
| 71009D0472/00D000 | Flanders | 306 m² | 1 · 170 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 732 companies in sector 55209 we hold annual accounts for 207. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-1998
Fiscal year end31-03
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462836785
Also
9925:BE0462836785
Registered
31-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.