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IONICS

Active
Public limited companyfounded 2014active for 12 yearsRue des Alouettes 1, 4042 Herstal, BelgiumKBO/BCE: BE 0544.931.548
Summary

IONICS has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€1.4m. Equity has been shrinking by about 17% per year since 2018. Its solvency ranks better than 37% of 830 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Risk analysisFollow ReportCompare
IONICSActiveChecked score 62/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 31-01-2014 Normal situation
Activity
Coating of metals NACE 25510
Joint committees
111 Paritair Comité voor de metaal-, machine- en elektrische bouw
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
Establishment units
2.226.201.270 4042 Herstal, since 05-02-2014
2.240.322.490 7000 Mons, since 01-05-2014and 1 other
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
  • LL CONSULTINGManaging director · permanent representative Luc Langer
  • SPARAXISDirector · since 07-03-2024 · permanent representative Colin Loyens
  • BMF ConsultDirector · since 27-06-2024 · permanent representative Michel Beguin
and 4 others
Auditor
3R, LEBOUTTE & Co
Shareholders
and 4 other shareholders
Holdings
Shares in 2 companies Ionics France and ESIX SURFACE TECHNOLOGIES
Board & ownership

Financial position

62 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Annual accounts 2025
Turnover
€4.2m
▲ 26.5%
Loss
€1.4m
▲ 14.5%
Equity
€1.7m
▼ 56.8%
Total assets
€4.9m
▼ 28.0%
Employees on 31-12-2025
14
▼ 12.5%
Filed on 30-07-2026, 1 day before the deadline
Financials
Score breakdownraises riskLoss of €1.4m, the second in a row (financial year 2025)Liquidity: current ratio 0.85, cash €131,332, halvedSize: turnover €4.2m, 14.4 FTE, total assets €4.9mSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Show the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 26% of small companies in fabricated metal products (NACE 25)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 61-23
equity 35.5% of total assets
Liquidity 24-31
short-term debt 56.4% · cash 2.7%
Profitability 0=
return on assets -29.3%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (748 companies, NACE 25, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.4 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 1.5%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 1.5%● unchanged vs 08-2026highest value 10-2026: 1.5%● unchanged vs 09-2026highest value 11-2026: 1.5%● unchanged vs 10-2026highest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.85 (1.76 in 2024), below 1. Short-term debt is 56.4% and cash 2.7% of total assets. 64.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 25, small). It does better than 39% of them on solvency, 15% on liquidity, 2% on profitability and 48% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Loss of €1.4m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.85, cash €131,332, halved
NBB · annual accounts
raises risk · Size: turnover €4.2m, 14.4 FTE, total assets €4.9m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.4m
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
59 days early
2023
23 days early
2022
26 days early
2021
11 days early
2020
59 days early
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 9 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in fabricated metal productssector median €79,515 · 830 companies -€1.4m View
  • Caution: Equity fell in 2025from €4.1m to €1.7m ▼ 56.8% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.4m View

Recent changes

  1. · Gazette deed Permanent representatives: Johan Keppens and Nils Nijs
  2. · Gazette deed Permanent representatives: Laurent Dusoulier and Stéphane Voos
  3. · Gazette deed Appointments: 3R, Leboutte & Co, AGC Glass Europe SA and SPARAXIS SAResignations: Lionel Ventelon (director) and SAMANDA SA (director) · Permanent representatives: Michael Herbatschek, Nils Nijs and 2 others · Reappointments: AGC Glass Europe SA, INVEST FOR JOBS and 4 others
All 20 events

Companies linked to IONICS

Comparable companies

These companies have the same main activity as IONICS: coating of metals (NACE 25510). They are comparable in size and age: total assets between €1.5m and €8.3m, founded between 1988 and 2012.

CompanyTotal assetsTurnover
IONICS Herstal€4.9m€4.2m
MultiTech Oostende€3.6m€4.6m
CEVEMA SURFACE TREATMENTS Lummen€1.5m€2.0m
PAS Londerzeel€8.3m€3.6m
JMC Company Heusden-Zolder€7.6m€3.8m
ELECTROCOAT GENK Genk€3.6m€6.0m
COATINQ Mouscron Mouscron€2.7m€3.4m
Full comparison

Key facts about IONICS
What is the company number of IONICS?
The company number of IONICS is 0544.931.548. The VAT number is the same number with BE in front: BE 0544.931.548.
Where is IONICS based?
The registered office is at Rue des Alouettes 1, 4042 Herstal.Company details
What does IONICS do?
According to the KBO register, the main activity is coating of metals (NACE 25510).
What is the legal form of IONICS?
The legal form of IONICS is Public limited company (NV).
When was IONICS founded?
IONICS was founded on 31-01-2014.
Is IONICS still active?
Yes, IONICS is an active enterprise in the KBO register.
How many employees does IONICS have?
IONICS had an average of 14.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does IONICS fall under?
In its 2025 annual accounts, IONICS states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
What is the turnover of IONICS?
The turnover of IONICS was €4.2m in financial year 2025, according to the filed annual accounts.
Is IONICS profitable?
In financial year 2025, IONICS made a loss of €1.4m.
Where can I find the annual accounts of IONICS?
IONICS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IONICS due?
IONICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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