TONIX
ActiveSummary
TONIX has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of -€80,208. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-19
Solvency57=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.9 in 2024; short-term debt: 26.3% and cash: 0.1% of total assets), but 67.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-0.7%
Age of the figures
12 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€80,208
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
70 d late
2021
26 d late
2020
31 d late
2019
74 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?NEREMAT HOLDING · 17 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Izegem, Real estate sector#6 oldest company in Izegem, Real estate sector
Equity
€3.4m▼ 2.3%
2024 · €3.5m
Total assets
€10.7m▼ 1.6%
2024 · €10.9m
Net result
-€80,208▲ 56.9%
2024 · -€186,088
Working capital
€4.9m▼ 2.7%
2024 · €5.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€752,941▲ 985%€1.0m▲ 33.5%€1.0m▲ 0.9%-€184,442-€46,014▲ 75.1%
Net result€535,721above the sector's middle half€715,438above the sector's middle half▲ 33.5%€771,480above the sector's middle half▲ 7.8%-€186,088below the sector's middle half-€80,208below the sector's middle half▲ 56.9%
Equity€2.2mabove the sector's middle half▲ 31.9%€2.9mabove the sector's middle half▲ 32.3%€3.7mabove the sector's middle half▲ 26.3%€3.5mabove the sector's middle half▼ 5.0%€3.4mabove the sector's middle half▼ 2.3%
Total assets€3.7mwithin the sector's middle half▲ 22.1%€3.2mwithin the sector's middle half▼ 13.4%€6.7mabove the sector's middle half▲ 106%€10.9mabove the sector's middle half▲ 63.5%€10.7mabove the sector's middle half▼ 1.6%
Debt€1.5m▲ 10.2%€89,934▼ 94.1%€2.5m▲ 2,703%€6.9m▲ 175%€6.9m▼ 0.7%
Working capital-€525,078below the sector's middle half▲ 48.8%€891,457above the sector's middle half€368,716within the sector's middle half▼ 58.6%€5.1mabove the sector's middle half▲ 1,277%€4.9mabove the sector's middle half▼ 2.7%
Solvency59.3%within the sector's middle half▲ 4.4pp90.6%above the sector's middle half▲ 31.3pp55.6%within the sector's middle half▼ 35.0pp32.3%within the sector's middle half▼ 23.3pp32.1%within the sector's middle half▼ 0.2pp
Current ratio0.65within the sector's middle half▲ 0.4011.70above the sector's middle half▲ 11.051.15within the sector's middle half▼ 10.552.90above the sector's middle half▲ 1.752.75above the sector's middle half▼ 0.15
Return on assets (ROA)14.3%above the sector's middle half▲ 14.5pp22.1%above the sector's middle half▲ 7.8pp11.6%above the sector's middle half▼ 10.5pp-1.7%below the sector's middle half▼ 13.3pp-0.7%within the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46,014 in 2025 against €184,442 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.7m
Fixed assets
€3.0m ▼ 5.7%
Current assets
€7.8m ▲ 0.1%
Equity and liabilities €10.7m
Equity
€3.4m ▼ 2.3%
Provisions
€404,609 ▼ 9.2%
Debt
€6.9m ▼ 0.7%
Debt's share of the balance-sheet total rises from 63.6% to 64.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€254,155▲
2024 · €184,936
Cash flow
€219,962▲
2024 · €183,289
Debt to equity
2.00▲
2024 · 1.97
ROE
-2.3%▲
2024 · -5.3%
Interest coverage
1.55▼
2024 · 3.99
Debt ≤ 1 year
€2.8m▲
2024 · €2.7m
Debt > 1 year
€3.9m▼
2024 · €4.2m
Income taxes
€20,477▲
2024 · -€297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 825 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 825 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238,777 | €178,491 | €96,938 | €369,377 | €300,169 | ▼ 18.7% |
| Other operating charges640/8 | €159,387 | €157,784 | €130,371 | €222,663 | €265,211 | ▲ 19.1% |
| Non-recurring operating charges66A | €508 | - | - | €485,000 | - | - |
| Gross operating margin9900 | €1.2m | €1.3m | €1.2m | €892,599 | €519,366 | ▼ 41.8% |
| Operating profit (loss)9901 | €752,941 | €1.0m | €1.0m | -€184,442 | -€46,014 | ▲ 75.1% |
| Financial income75/76B | €679 | €83 | €24,397 | €50,563 | €109,322 | ▲ 116% |
| Recurring financial income75 | €679 | €83 | €24,397 | €50,563 | €109,322 | ▲ 116% |
| Financial charges65/66B | €54,135 | €39,276 | €154 | €46,361 | €164,182 | ▲ 254% |
| Recurring financial charges65 | €54,135 | €39,276 | €154 | €46,361 | €164,182 | ▲ 254% |
| Profit (loss) for the period before taxes9903 | €699,485 | €965,969 | €1.0m | -€180,241 | -€100,873 | ▲ 44.0% |
| Transfer from deferred taxes780 | €717 | €717 | €538 | €41,599 | €41,142 | ▼ 1.1% |
| Transfer to deferred taxes680 | - | €213,082 | €225,628 | €47,744 | - | - |
| Income taxes67/77 | €164,482 | €38,167 | €42,274 | -€297 | €20,477 | ▲ 6,995% |
| Profit (loss) for the period9904 | €535,721 | €715,438 | €771,480 | -€186,088 | -€80,208 | ▲ 56.9% |
| Transfer from tax-exempt reserves789 | €2,152 | €2,152 | €1,614 | €124,798 | €123,427 | ▼ 1.1% |
| Transfer to tax-exempt reserves689 | - | €639,247 | €676,883 | €143,232 | - | - |
| Profit (loss) for the period to be appropriated9905 | €537,873 | €78,342 | €96,211 | -€204,523 | €43,220 | ▲ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.2m | €6.7m | €10.9m | €10.7m | ▼ 1.6% |
| Fixed assets21/28 | €2.7m | €2.3m | €3.8m | €3.1m | €3.0m | ▼ 5.7% |
| Tangible fixed assets22/27 | €2.7m | €2.3m | €3.8m | €3.1m | €3.0m | ▼ 5.7% |
| Land and buildings22 | €2.7m | €2.2m | €1.5m | €1.0m | €1.1m | ▲ 5.6% |
| Plant, machinery and equipment23 | €15,993 | €11,016 | €2.4m | €2.1m | €1.9m | ▼ 11.1% |
| Furniture and vehicles24 | €14,598 | €9,897 | €7,070 | - | - | - |
| Current assets29/58 | €988,647 | €974,745 | €2.8m | €7.8m | €7.8m | ▲ 0.1% |
| Amounts receivable after more than one year29 | - | €100,000 | €2.7m | €5.4m | €5.5m | ▲ 0.9% |
| Other amounts receivable291 | - | €100,000 | €2.7m | €5.4m | €5.5m | ▲ 0.9% |
| Amounts receivable within one year40/41 | €16,252 | €171,649 | €3,863 | €2.0m | €2.0m | = |
| Trade receivables40 | - | €1,649 | €2,363 | €2.0m | €2.0m | ▲ 0.9% |
| Other amounts receivable41 | €16,252 | €170,000 | €1,500 | €25,992 | €7,403 | ▼ 71.5% |
| Cash at bank and in hand54/58 | €924,164 | €681,791 | €37,472 | €149,392 | €9,437 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | €48,230 | €21,306 | €106,310 | €152,342 | €251,933 | ▲ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.2m | €6.7m | €10.9m | €10.7m | ▼ 1.6% |
| Equity10/15 | €2.2m | €2.9m | €3.7m | €3.5m | €3.4m | ▼ 2.3% |
| Contributions10/11 | €820,000 | €820,000 | €820,000 | €820,000 | €820,000 | = |
| Capital10 | €820,000 | €820,000 | €820,000 | €820,000 | €820,000 | = |
| Issued capital100 | €820,000 | €820,000 | €820,000 | €820,000 | €820,000 | = |
| Reserves13 | €1.4m | €2.1m | €2.9m | €2.7m | €2.6m | ▼ 3.0% |
| Non-distributable reserves130/1 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Legal reserve130 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Tax-exempt reserves132 | €6,456 | €643,552 | €1.3m | €1.3m | €1.2m | ▼ 9.2% |
| Distributable reserves133 | €1.3m | €1.4m | €1.5m | €1.3m | €1.3m | ▲ 3.4% |
| Provisions and deferred taxes16 | €2,152 | €214,517 | €439,607 | €445,752 | €404,609 | ▼ 9.2% |
| Deferred taxes168 | €2,152 | €214,517 | €439,607 | €445,752 | €404,609 | ▼ 9.2% |
| Amounts payable17/49 | €1.5m | €89,934 | €2.5m | €6.9m | €6.9m | ▼ 0.7% |
| Amounts payable after more than one year17 | - | - | - | €4.2m | €3.9m | ▼ 5.3% |
| Financial debts170/4 | - | - | - | €4.2m | €3.9m | ▼ 7.2% |
| Other amounts payable178/9 | - | - | - | - | €79,000 | - |
| Amounts payable within one year42/48 | €1.5m | €83,289 | €2.5m | €2.7m | €2.8m | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €300,000 | €300,000 | = |
| Financial debts43 | €100,001 | - | - | - | - | - |
| Credit institutions430/8 | €100,001 | - | - | - | - | - |
| Trade debts44 | €48,306 | €33,452 | €2.4m | €2.4m | €2.5m | ▲ 5.4% |
| Suppliers440/4 | €48,306 | €33,452 | €2.4m | €2.4m | €2.5m | ▲ 5.4% |
| Taxes, remuneration and social security45 | €0 | €49,836 | €80,441 | - | €20,473 | - |
| Taxes450/3 | €0 | €49,836 | €80,441 | - | €20,473 | - |
| Other amounts payable47/48 | €1.4m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €3,245 | €6,645 | €51,540 | €107,234 | €130,784 | ▲ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €535,721 | €715,438 | €771,480 | -€186,088 | -€80,208 | ▲ 56.9% |
| + Depreciation and write-downs630 | €238,777 | €178,491 | €96,938 | €369,377 | €300,169 | ▼ 18.7% |
| Operating cash flow (approximation) | €774,497 | €893,929 | €868,418 | €183,289 | €219,962 | ▲ 20.0% |
| Investment in fixed assets (approximation) | - | €306,840 | -€1.7m | €313,427 | -€120,326 | ▼ 138% |
| Change in cash | - | -€242,374 | -€644,319 | €111,920 | -€139,955 | ▼ 225% |
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 2026, expected by
2026
10-07
State Gazette act
Appointment: Rabauwen bv (sole director)Permanent representatives: Jin Shan and Diego Neirynck · Resignation: Neremat Holding NV (director) · Director discharge9 facts ▸
State Gazette act
Appointment: Rabauwen bv (sole director)
Permanent representatives: Jin Shan and Diego Neirynck · Resignation: Neremat Holding NV (director) · Director discharge9 facts ▸
- General meeting, 02-03-2026
- Director appointment, Rabauwen bv (sole director)
- Permanent representative, Jin Shan (permanent representative)
- General meeting, 15-06-2026
- Other statement, 15-05-2025
- Director resignation, Neremat Holding NV (director)
- Permanent representative, Diego Neirynck (permanent representative)
- Director discharge, Neremat Holding NV
- Director discharge, Diego Neirynck
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€186,088
Net result drops to -€186,088, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 2.90
Current ratio from 1.15 to 2.90.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
30-09
Financial
Highest result since 2018net €771,480 ▲7.8%
Operating result €1.0m, net result €771,480, both a record.
2022
31-12
Financial
Liquidity times 18current ratio 11.70
Current ratio from 0.65 to 11.70; short-term debt falls from €1.5m to €83,289.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €535,721
Net result €535,721 after 3 loss-making years.
31-12
Financial
Equity above €2mEq €2.2m ▲31.9%
Equity rises from €1.7m to €2.2m.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
RABAUWEN
CurrentSole director · since 02-03-2026 · Private limited company · perm. rep.: Jin Shan
Permanent representatives 1
Jin Shan
CurrentPermanent representative · since 02-03-2026 · for RABAUWEN
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1998
Ground area
319 m²
Building footprint
167 m²
Volume, LiDAR
1,724 m³
Parcel 36008A0871/00S000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Grote Markt 36, 8870 Izegem
since 19982.017.643.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0871/00S000 | Flanders | 319 m² | 1 · 167 m² | 14.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RABAUWEN |
|
| Neremat Holding |
|
Structure & network
Part of the group
NEREMAT HOLDING
17 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- NEREMAT HOLDING
- TONIX
Highest known parent: NEREMAT HOLDING. The sources do not say who stands above it.
Owners 1
- NEREMAT HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
PEGASUS BRIDGE REAL ESTATE INVESTMENT FUND
Shared corporate director
→
Similar companies · same sector, comparable size
Pataga Real Estate
BE 0744.396.311
Peer · Eq €3,437,448
GCK
BE 0454.459.054
Halle · Eq €3,433,779
Fondation HYPOCRATE CHIREC
BE 0836.949.949
Oudergem · Eq €3,433,629
Zuidoever
BE 1009.336.171
Leuven · Eq €3,430,877
Régie communale autonome Saint-Ghislain Sports
BE 0756.991.760
Saint-Ghislain · Eq €3,426,955
Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,088 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-06-1980
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
77320Rental and leasing activities
46630Wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420691968
Also
9925:BE0420691968
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.