IOR
Absorbed by Société AbsorbanteOverview
Overview
Official details
Source: KBO- Status
- Absorbed by Société Absorbante merger by absorption, September 2025
- Activity
- “La vente et la promotion des ordinateurs et des machines de bureau,l'exploitation d'un bureau…” (deed in French)From the articles, 5 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 29-04-2025
Board and ownership
Board
- Benoit MullerDaily manager
- Tonia LanooDirector · since 11-03-2025
Shareholders
- Société Absorbanteall the sharesact of 05-09-2025
Financial position
No score
Annual accounts 2024
- Gross margin
- €568,302
- ▲ 41.3%
- Turnover
- ≈ €1.3m
- estimated
- Profit
- €181,937
- ▲ 625%
- Equity
- €389,121
- ▼ 12.3%
- Total assets
- €883,681
- ▲ 7.4%
- Employees on 31-12-2024
- 7
- ▼ 22.2%
Financials
Financials · financial year 2024, full format
Annual accounts 2024 filed on 18-06-2025 PDF all 42 filings
Turnover
≈ €1.3m
Estimated: probably between €810,000 and €2.3m
EBIT margin
Not included in this filing
Net result
€181,937▲ 625%
2023 · €25,087
Working capital
€380,119▼ 8.9%
2023 · €417,171
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€246,352
▲ 717%
2024
20182024
Net result
€181,937
▲ 625%
2024
20182024
Equity
€389,121
▼ 12.3%
2024
20182024
Total assets
€883,681
▲ 7.4%
2024
20182024
Debt
€494,560
▲ 30.3%
2024
20182024
Working capital
€380,119
▼ 8.9%
2024
20182024
Staff (FTE)
7.4
▲ 4.2%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.1m-€0.1m▼ 13.6%€0.2m▲ 90.1%€0.2m▲ 6.7%€0.09m▼ 60.8%€0.03m▼ 65.4%€0.2m▲ 717%
Net result€0.1m-€0.09m▼ 2.7%€0.2m▲ 73.6%€0.2m▼ 4.3%€0.08m▼ 47.7%€0.03m▼ 69.5%€0.2m▲ 625%
Equity€0.5m-€0.6m▲ 16.6%€0.8m▲ 24.8%€0.8m▲ 10.1%€0.5m▼ 38.9%€0.4m▼ 12.5%€0.4m▼ 12.3%
Total assets€0.7m-€0.8m▲ 6.9%€1.1m▲ 34.3%€1.1m▲ 4.0%€1.1m▼ 5.8%€0.8m▼ 21.7%€0.9m▲ 7.4%
Debt€0.2m-€0.2m▼ 16.0%€0.3m▲ 69.1%€0.3m▼ 6.2%€0.5m▲ 90.7%€0.4m▼ 30.3%€0.5m▲ 30.3%
Working capital€0.5m-€0.6m▲ 14.7%€0.8m▲ 29.6%€0.8m▼ 1.5%€0.5m▼ 40.3%€0.4m▼ 9.0%€0.4m▼ 8.9%
Staff (FTE)7-6.6▼ 5.7%5.5▼ 16.7%5.4▼ 1.8%6.2▲ 14.8%7.1▲ 14.5%7.4▲ 4.2%
The operating result for 2024 is 8.2 times that of 2023 and the highest since 2020. It is a recovery after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Staff figure correction
- 2023 The accounts state 348,390.8 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 7.1 FTE (source: social balance report).
- 2022 The accounts state 279,127.2 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 6.2 FTE (source: social balance report).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €883,681
Fixed assets
€10,666 ▼ 61.1%
Current assets
€873,015 ▲ 9.7%
Equity and liabilities €883,681
Equity
€389,121 ▼ 12.3%
Debt
€494,560 ▲ 30.3%
Debt's share of the balance-sheet total rises from 46.1% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€259,435▲
2023 · €51,771
Cash flow
€195,020▲
2023 · €46,694
Current ratio
1.77▼
2023 · 2.10
Debt to equity
1.27▲
2023 · 0.86
ROE
46.8%▲
2023 · 5.7%
ROA
20.6%▲
2023 · 3.0%
Interest coverage
46.41▲
2023 · 23.42
Debt ≤ 1 year
€492,897▲
2023 · €378,506
Income taxes
€75,799▲
2023 · €11,769
Staff costs
€299,811▼
2023 · €348,391
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 8 | 9 | 7 |
| full-time | 5 | 7 | 9 | 7 |
| part-time | 1 | 1 | - | 0 |
| in full-time equivalents | 5.4 | 7.8 | 9 | 7 |
| Average over the year, in full-time equivalents | 5.4 | 6.2 | 7.1 | 7.4 |
| On a permanent contract | 6 | 8 | 9 | 7 |
| Joined | 4 | 8 | 7 | 9 |
| Left | 3 | 6 | 6 | 11 |
| Training hours | - | - | - | 76 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €33,687 | €32,597 | - | - |
| Intangible fixed assets | €4,680 | - | - | - |
| Depreciation and write-downs of the year | €24,344 | €14,798 | €21,607 | €13,083 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €70 | €3,500 | €5,221 | ▲ 49.2% |
| Remuneration, social security and pensions62 | - | - | - | €253,397 | €279,127 | €348,391 | €299,811 | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,975 | €13,397 | €11,035 | €24,344 | €14,798 | €21,607 | €13,083 | ▼ 39.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€10,879 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€14,500 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €14,853 | €1,562 | €2,138 | €2,259 | ▲ 5.7% |
| Non-recurring operating charges66A | - | - | - | - | €2 | - | €6,796 | - |
| Gross operating margin9900 | €391,443 | €379,754 | €421,385 | €490,134 | €382,788 | €402,300 | €568,302 | ▲ 41.3% |
| Operating profit (loss)9901 | €127,224 | €109,883 | €208,851 | €222,920 | €87,300 | €30,164 | €246,352 | ▲ 717% |
| Financial income75/76B | - | - | - | €14,173 | €21,553 | €8,904 | €16,974 | ▲ 90.6% |
| Recurring financial income75 | €6,134 | €371,746 | €9,825 | €14,173 | €21,553 | €8,904 | €16,974 | ▲ 90.6% |
| Financial charges65/66B | - | - | - | €3,705 | €2,943 | €2,211 | €5,590 | ▲ 153% |
| Recurring financial charges65 | €1,871 | €345,239 | €3,032 | €3,705 | €2,943 | €2,211 | €5,590 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €131,487 | €136,389 | €215,645 | €233,388 | €105,910 | €36,856 | €257,736 | ▲ 599% |
| Income taxes67/77 | €34,074 | €41,595 | €51,074 | €75,920 | €23,552 | €11,769 | €75,799 | ▲ 544% |
| Profit (loss) for the period9904 | €97,412 | €94,795 | €164,570 | €157,468 | €82,358 | €25,087 | €181,937 | ▲ 625% |
| Transfer from tax-exempt reserves789 | - | - | - | €19,200 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €97,412 | €94,795 | €164,570 | €176,668 | €82,358 | €25,087 | €181,937 | ▲ 625% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.8m | €1.1m | €1.1m | €1.1m | €0.8m | €0.9m | ▲ 7.4% |
| Fixed assets21/28 | €0.02m | €0.02m | €0.05m | €0.06m | €0.05m | €0.03m | €0.01m | ▼ 61.1% |
| Intangible fixed assets21 | €172 | €86 | - | €0.004m | €0.003m | €0.001m | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.05m | €0.06m | €0.05m | €0.03m | €0.01m | ▼ 59.4% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €365 | - | - |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.02m | €0.01m | ▼ 52.1% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.004m | €0.004m | - | - |
| Current assets29/58 | €0.7m | €0.8m | €1.0m | €1.1m | €1.0m | €0.8m | €0.9m | ▲ 9.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.004m | €0.003m | €0.002m | ▼ 31.7% |
| Other amounts receivable291 | - | - | - | - | €0.004m | €0.003m | €0.002m | ▼ 31.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 13.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.04m | €0.005m | ▼ 88.5% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.8m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.006m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.8m | €1.1m | €1.1m | €1.1m | €0.8m | €0.9m | ▲ 7.4% |
| Equity10/15 | €0.5m | €0.6m | €0.8m | €0.8m | €0.5m | €0.4m | €0.4m | ▼ 12.3% |
| Contributions10/11 | €0.07m | €0.07m | - | €0.07m | €0.005m | €0.005m | €0.005m | = |
| Contributions outside capital11 | - | - | - | €0.07m | €0.005m | €0.005m | €0.005m | = |
| Other1109/19 | - | - | - | €0.07m | €0.005m | €0.005m | €0.005m | = |
| Reserves13 | €0.3m | €0.3m | €0.5m | €0.8m | €0.6m | €0.5m | €0.2m | ▼ 50.6% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.007m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €0.6m | €0.5m | €0.2m | ▼ 50.6% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | - | -€0.05m | -€0.03m | €0.2m | - |
| Provisions and deferred taxes16 | €0.01m | €0.01m | €0.01m | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 30.3% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 30.2% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 18.8% |
| Suppliers440/4 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 18.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.04m | €0.06m | €0.1m | ▲ 59.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.008m | €0.008m | €0.08m | ▲ 907% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.03m | €0.05m | €0.02m | ▼ 62.4% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.3m | €0.1m | €0.2m | ▲ 123% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 47.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,412 | €94,795 | €164,570 | €157,468 | €82,358 | €25,087 | €181,937 | ▲ 625% |
| + Depreciation and write-downs630 | €24,975 | €13,397 | €11,035 | €24,344 | €14,798 | €21,607 | €13,083 | ▼ 39.4% |
| Operating cash flow (approximation) | €122,387 | €108,192 | €175,605 | €181,811 | €97,156 | €46,694 | €195,020 | ▲ 318% |
| Investment in fixed assets (approximation) | - | -€6,108 | -€46,983 | -€35,202 | €126 | €0 | €3,679 | - |
| Change in cash | - | €108,199 | €178,432 | €86,249 | -€96,924 | -€181,102 | €103,347 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 18-06-2025 | 2025-00171261 | |
| 31-12-2023 | full format | 27-06-2024 | 2024-00168332 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00291993 | |
| 31-12-2021 | full format | 15-07-2022 | 2022-20193253 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-59900091 | |
| 31-12-2019 | full format | 28-10-2020 | 2020-64400545 | |
| 31-12-2018 | full format | 12-08-2019 | 2019-46200146 | |
| 31-12-2017 | full format | 15-08-2018 | 2018-46200275 | |
| 31-12-2016 | full format | 11-09-2017 | 2017-60800582 | |
| 31-12-2015 | full format | 05-08-2016 | 2016-41500475 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2025
Board 2
Benoit Muller
Current
Director · since 11-03-2025 · term without a fixed end · listed in the 2024 annual accounts, filed on 18-06-2025
Tonia Lanoo
Current
Director · since 11-03-2025 · term without a fixed end · listed in the 2024 annual accounts, filed on 18-06-2025
Day-to-day management 1
Benoit Muller
Current
Daily management delegate · appointed in the act of 26-03-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 26-03-2025Owners and capital
Shareholders
Stated in the act
act of 05-09-2025 ↗
- Société Absorbante all shares
Capital transactions
Capital over time
- 04-02-2022 Capital reduction of €67,286 · to €5,000 · repaid to the shareholders
Mandate history
4 people, 2 in office
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Benoit Muller |
|
| Tonia Lanoo |
|
| Nividic |
|
| Dominique du Bus de Warnaffe |
|
Network & group
Acquisitions and mergers
2 transactionsTaken over by:Société Absorbante
Taken over by:LOGIDRIVE
Connections & network
2 current directorsThe network starts from the directors of IOR. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2025
05-09
Gazette deed
Merger: absorbed by Société AbsorbanteDissolution of the company · Société Absorbante holds all the shares3 points ▸
Gazette deed
Merger: absorbed by Société Absorbante
Dissolution of the company · Société Absorbante holds all the shares3 points ▸
- General meeting, 31-07-2025
- Accounting effect, 01-01-2025
- Société Absorbante holds all the shares
- The act holds 11 more points.
25-06
Gazette deed
Merger proposal: to be absorbed by Logidrive1 point ▸
Gazette deed
Merger proposal: to be absorbed by Logidrive
1 point ▸
- Accounting effect, 01-01-2025
- The act holds 5 more points.
18-06
full format · 43 days before the deadline
26-03
Gazette deed
Registered office moved from Gosselies to Braine-l'AlleudNew seat: Avenue du Japon 1, 1420 Braine-l'Alleud · Previous seat: Rue Pont-à-Migneloux 12, 6041 Gosselies(Belgique) · Resignation: NIVIDIC (director)7 points ▸
Gazette deed
Registered office moved from Gosselies to Braine-l'Alleud
New seat: Avenue du Japon 1, 1420 Braine-l'Alleud · Previous seat: Rue Pont-à-Migneloux 12, 6041 Gosselies(Belgique) · Resignation: NIVIDIC (director)7 points ▸
- General meeting, 11-03-2025
- Director resignation, NIVIDIC (director)
- Director appointment, Benoit Muller (director)
- Director appointment, Tonia Lanoo (director)
- Board meeting, 11-03-2025
- Registered-office move, Avenue du Japon 1, 1420 Braine-l'Alleud
- Director appointment, Benoit Muller (daily management delegate)
2024
31-12
Financial
Highest result from 2018 to 2024net €181,937 ▲625%
The operating result of €246,352 and the net result of €181,937 are both a record.
27-06
full format · 34 days before the deadline
2023
31-12
Financial
Weakest financial yearnet €25,087 ▼69.5%
The net result drops to €25,087, the lowest from 2018 to 2024.
31-07
full format · on the deadline day
2022
15-07
full format · 16 days before the deadline
04-02
Gazette deed
Capital decrease of €67,286 to €5,000Resignation: Dominique du Bus de Warnaffe (manager) · Appointment: Nividic (sole director) · Permanent representative: Dominique du Bus de Warnaffe8 points ▸
Gazette deed
Capital decrease of €67,286 to €5,000
Resignation: Dominique du Bus de Warnaffe (manager) · Appointment: Nividic (sole director) · Permanent representative: Dominique du Bus de Warnaffe8 points ▸
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- Capital decrease, €67,286
- Capital, €5,000
- 250 shares
- Director resignation, Dominique du Bus de Warnaffe (manager)
- Director discharge, Dominique du Bus de Warnaffe
- Director appointment, Nividic (sole director)
- Permanent representative, Dominique du Bus de Warnaffe
- The act holds 3 more points.
2021
30-08
full format · 30 days late
2020
28-10
full format · 89 days late
Show earlier events
2019
12-08
full format · 12 days late
2018
15-08
full format · 15 days late
2017
11-09
full format · 42 days late
2016
05-08
full format · 5 days late
1983
01-01
Gazette deed
Incorporation
24 publications in the Belgian Official Gazette, the last on 05-09-2025
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by Société Absorbante in September 2025
IOR is no longer in the KBO register. Société Absorbante took it over in a merger by absorption, published in the Belgian Official Gazette on 5 September 2025.
- Status
- Inactive
- Reason
- Merger by absorptionBelgian Official Gazette, 5 September 2025 · act
- Absorbed by
- Société Absorbante
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Avenue Du Japon 1, 1420 Braine-L'alleudas published on 5 September 2025
- Legal form
- Private limited company
- First annual accounts
- financial year 1983
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La vente et la promotion des ordinateurs et des machines de bureau,l'exploitation d'un bureau d'étude de gestion et…”deed of 25-06-2025 (in French)
5 activities
- La vente et la promotion des ordinateurs et des machines de bureau,l'exploitation d'un bureau d'étude de gestion et d'informatique,l'exploitation d'un bureau de comptabilité et de gestion d'entreprise,ainsi que le commerce de détail du textile.
- L'impression en général et tous travaux y afférents,y compris également le vente et l'achat de papier,tous autres supports d'impression,la transformation et travail à façon de tout ce qui a un rapport avec l'imprimerie en général.
- Le consulting,l'audit,la gestion d'entreprises,la commercialisation de software,l'organisation et la réorganisation de sociétés,ainsi que la délégation de personnel.
- Elle peut faire toutes opérations civiles,commerciales,mobilières ou immobilières,industrielles ou financières se rapportant directement ou indirectement à son objet ou de nature à en faciliter la réalisation et servir d'intermédiaire commercial.
- Elle peut s'intéresser par voie d'apport,de fusion,de souscription,de participation,d'intervention financière,de soustraitance ou autrement,dans toutes sociétés et entreprises existantes ou à créer en Belgique ou à l'étranger,dont l'objet social serait analogue ou connexe au sien.
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-02-2022 (in French)
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of May at 17:30
deed of 04-02-2022 (in French)