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IVONIK

Active
Private limited companyfounded 20242 yrs activeMijnwerkersstraat 19, 9620 Zottegem, BelgiumKBO/BCE: BE 1004.759.652
Summary

The annual accounts of IVONIK for fiscal year 2025 show a net loss of 73% of total assets. The 2025 annual accounts show equity of €898 and a net result of -€4,102. Its solvency ranks better than 41% of 2361 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency41
Growth-
Track record67
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.62; short-term debt: 61.8% and cash: 98% of total assets), but 84% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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 2025
Solvency, return and age of the figures
Solvency
16%
Return on assets
-72.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
30 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IVONIK was incorporated on 16 January 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€898
Total assets
€5,625
Net result
-€4,102
Working capital
€2,148

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €5,625
Equity €898
Debt €4,727
Debt finances 84.0% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.62
ROA
-72.9%
Debt ≤ 1 year
€3,477
Equity ratios withheld: equity of €898 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.6% went bankrupt
4.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 1,207 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
Filed annual accounts As filed with the NBB · 2025 · 24 lines
Balance sheet Code2025
Assets
Total assets20/58€5,625
Current assets29/58€5,625
Amounts receivable within one year40/41€111
Other amounts receivable41€111
Cash at bank and in hand54/58€5,514
Equity and liabilities
Total equity and liabilities10/49€5,625
Equity10/15€898
Contributions10/11€5,000
Profit (loss) carried forward14-€4,102
Amounts payable17/49€4,727
Amounts payable within one year42/48€3,477
Trade debts44€515
Suppliers440/4€515
Other amounts payable47/48€2,962
Accrued charges and deferred income492/3€1,250
Income statement Code2025
Other operating charges640/8€449
Gross operating margin9900-€3,574
Operating profit (loss)9901-€4,023
Financial charges65/66B€79
Recurring financial charges65€79
Profit (loss) for the period before taxes9903-€4,102
Profit (loss) for the period9904-€4,102
Profit (loss) for the period to be appropriated9905-€4,102
Appropriation of the result
Profit (loss) to be appropriated9906-€4,102

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€449
Gross operating margin9900-€3,574
Operating profit (loss)9901-€4,023
Financial charges65/66B€79
Recurring financial charges65€79
Profit (loss) for the period before taxes9903-€4,102
Profit (loss) for the period9904-€4,102
Profit (loss) for the period to be appropriated9905-€4,102
Line2025
Assets
Total assets20/58€5,625
Current assets29/58€5,625
Amounts receivable within one year40/41€111
Other amounts receivable41€111
Cash at bank and in hand54/58€5,514
Equity and liabilities
Total equity and liabilities10/49€5,625
Equity10/15€898
Contributions10/11€5,000
Profit (loss) carried forward14-€4,102
Amounts payable17/49€4,727
Amounts payable within one year42/48€3,477
Trade debts44€515
Suppliers440/4€515
Other amounts payable47/48€2,962
Accrued charges and deferred income492/3€1,250
Line2025
Profit (loss) for the period9904-€4,102
Operating cash flow (approximation)-€4,102

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
NBB filing
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, Zottegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
5,747 m²
Building footprint
444 m²
Volume, LiDAR
2,312 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
IVONIK
Oude Gentweg 69, 9230 WetterenRaising of horses and other equines
since 20242.355.116.448
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41017D0863/00B000 Flanders 5,457 m² 1 · 353 m² 8.2 m · 2 fl.
42025G1139/00H000 Flanders 290 m² 1 · 90 m² 7.5 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.

Similar companies · same sector, comparable size

Of 3,294 companies in sector 93110 we hold annual accounts for 1,500. 122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-01-2024
Fiscal year end31-03
Activities, NACEBEL 2025
93110Operation of sports facilities
01430Raising of horses and other equines
55204Guest rooms (bed and breakfast)
77210Renting and leasing of sports and recreation goods
93127Equestrian clubs
93199Other sports activities
Contact
E-mail ivor@ivor.beWetteren
Phone 0471245036Wetteren
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004759652
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.