IONFLOR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IONFLOR CONSTRUCT is 1.8% (moderate). For IONFLOR CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €37k and a net result of €4k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 3606 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability60▼-9
Solvency100▲+10
Growth57▼-5
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2023Solvency, return and age of the figures
Solvency
76%
Return on assets
9.2%
Age of the figures
35 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-10-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-10-2024 close31-05-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2023 was due by 31-05-2024 and was filed on 30-05-2024, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
9 d late
2021
10 d late
2020
2 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€75k▼ 13.7%
2022 · €86k
2020: €88k
2021: €102k▲ +16.2% vs 2020highest in 4 years
2022: €86k▼ -15.1% vs 2021
2023: €75k▼ -13.7% vs 2022lowest in 4 years
2020 → 2023
EBIT margin
9.1%▼ 0.8pp
2022 · 9.8%
2020: 1.4%lowest in 4 years
2021: 32.9%▲ +2319% vs 2020highest in 4 years
2022: 9.8%▼ -70.1% vs 2021
2023: 9.1%▼ -7.9% vs 2022
2020 → 2023
Net result
€4k▼ 28.4%
2022 · €6k
2020: €-1klowest in 4 years
2021: €26k▲ +2326% vs 2020highest in 4 years
2022: €6k▼ -76.3% vs 2021
2023: €4k▼ -28.4% vs 2022
2020 → 2023
Working capital
€36k▲ 11.9%
2022 · €32k
2020: €-179lowest in 4 years
2021: €26k▲ +14660% vs 2020
2022: €32k▲ +23.8% vs 2021
2023: €36k▲ +11.9% vs 2022highest in 4 years
2020 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Turnover€88k-€102k▲ 16.2%€86k▼ 15.1%€75k▼ 13.7%
2020: €88k
2021: €102k▲ +16.2% vs 2020highest in 4 years
2022: €86k▼ -15.1% vs 2021
2023: €75k▼ -13.7% vs 2022lowest in 4 years
Equity€-179-€26k€32k▲ 23.8%€37k▲ 13.8%
2020: €-179lowest in 4 years
2021: €26k▲ +14660% vs 2020
2022: €32k▲ +23.8% vs 2021
2023: €37k▲ +13.8% vs 2022highest in 4 years
Operating result€1k-€34k▲ 2,709%€9k▼ 74.6%€7k▼ 20.5%
2020: €1klowest in 4 years
2021: €34k▲ +2709% vs 2020highest in 4 years
2022: €9k▼ -74.6% vs 2021
2023: €7k▼ -20.5% vs 2022
Net result€-1k-€26k€6k▼ 76.3%€4k▼ 28.4%
2020: €-1klowest in 4 years
2021: €26k▲ +2326% vs 2020highest in 4 years
2022: €6k▼ -76.3% vs 2021
2023: €4k▼ -28.4% vs 2022
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 21% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €48k
Fixed assets
€620
Current assets
€48k
Equity and liabilities €48k
Equity
€37k ▲ 13.8%
Debt
€12k ▼ 34.5%
Debt's share of the balance-sheet total falls from 35.5% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.10▲
2022 · 2.82
Debt to equity
0.32▼
2022 · 0.55
ROE
12.1%▼
2022 · 19.2%
ROA
9.2%▼
2022 · 12.4%
Debt ≤ 1 year
€12k▼
2022 · €18k
Income taxes
€2k▼
2022 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 34 lines
Balance sheet
Code20222023
Assets
Total assets20/58€50k€48k▼
Fixed assets21/28-€620
Financial fixed assets28-€620
Current assets29/58€50k€48k▼
Amounts receivable after more than one year29€33k€32k▼
Other amounts receivable291€33k€32k▼
Amounts receivable within one year40/41€15k€15k▼
Trade receivables40€15k€14k▼
Other amounts receivable41€277€404▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€50k€48k▼
Equity10/15€32k€37k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€31k€36k▲
Amounts payable17/49€18k€12k▼
Amounts payable within one year42/48€18k€12k▼
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€7k▼
Remuneration and social security454/9-€850
Income statement
Code20222023
Turnover70€86k€75k▼
Goods, raw materials, services and sundry goods60/61€77k€68k▼
Other operating charges640/8€688€262▼
Gross operating margin9900€9k€7k▼
Operating profit (loss)9901€9k€7k▼
Financial charges65/66B€370€817▲
Recurring financial charges65€370€817▲
Profit (loss) for the period before taxes9903€8k€6k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€6k€4k▼
Profit (loss) for the period to be appropriated9905€6k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€36k▲
Profit (loss) brought forward from the previous period14P€25k€31k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €88k | €102k | €86k | €75k | ▼ 13.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €68k | €77k | €68k | ▼ 12.6% |
| Other operating charges640/8 | - | €76 | €688 | €262 | ▼ 62.0% |
| Gross operating margin9900 | €1k | €34k | €9k | €7k | ▼ 23.6% |
| Operating profit (loss)9901 | €1k | €34k | €9k | €7k | ▼ 20.5% |
| Financial charges65/66B | - | €159 | €370 | €817 | ▲ 121% |
| Recurring financial charges65 | €51 | €159 | €370 | €817 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €1k | €33k | €8k | €6k | ▼ 26.9% |
| Income taxes67/77 | €2k | €7k | €2k | €2k | ▼ 22.2% |
| Profit (loss) for the period9904 | €-1k | €26k | €6k | €4k | ▼ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €26k | €6k | €4k | ▼ 28.4% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19k | €51k | €50k | €48k | ▼ 3.4% |
| Fixed assets21/28 | - | - | - | €620 | - |
| Financial fixed assets28 | - | - | - | €620 | - |
| Current assets29/58 | €19k | €51k | €50k | €48k | ▼ 4.6% |
| Amounts receivable after more than one year29 | - | €31k | €33k | €32k | ▼ 3.6% |
| Other amounts receivable291 | - | €31k | €33k | €32k | ▼ 3.6% |
| Amounts receivable within one year40/41 | €12k | €18k | €15k | €15k | ▼ 3.0% |
| Trade receivables40 | - | €17k | €15k | €14k | ▼ 3.9% |
| Other amounts receivable41 | - | €1k | €277 | €404 | ▲ 46.0% |
| Cash at bank and in hand54/58 | €6k | €1k | €2k | €1k | ▼ 33.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19k | €51k | €50k | €48k | ▼ 3.4% |
| Equity10/15 | €-179 | €26k | €32k | €37k | ▲ 13.8% |
| Contributions10/11 | - | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-1k | €25k | €31k | €36k | ▲ 14.2% |
| Amounts payable17/49 | €19k | €25k | €18k | €12k | ▼ 34.5% |
| Amounts payable within one year42/48 | €19k | €25k | €18k | €12k | ▼ 34.5% |
| Trade debts44 | €3k | €10k | €8k | €4k | ▼ 56.2% |
| Suppliers440/4 | - | €4k | €8k | €4k | ▼ 56.2% |
| Bills of exchange payable441 | - | €6k | - | - | - |
| Taxes, remuneration and social security45 | - | €15k | €10k | €8k | ▼ 16.0% |
| Taxes450/3 | - | €10k | €10k | €7k | ▼ 24.9% |
| Remuneration and social security454/9 | - | €5k | - | €850 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €26k | €6k | €4k | ▼ 28.4% |
| Operating cash flow (approximation) | €-1k | €26k | €6k | €4k | ▼ 28.4% |
| Change in cash | - | €-5k | €735 | €-651 | ▼ 189% |
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
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 9 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-10
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-10
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 0.99 to 2.04.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Jans-Molenbeek · 1 establishment unit since 2019
Ground area
97 m²
Building footprint
91 m²
Volume, LiDAR
1,072 m³
Parcel 21012A0105/00S006, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ionflor
since 20192.286.513.890
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0105/00S006 | Brussels | 97 m² | 1 · 91 m² | 16.0 m · 5 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded19-02-2019
Fiscal year end31-10
Activities, NACEBEL 2025
43990Other specialised construction activities
53200Other postal and courier activities
81210General cleaning of buildings
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.