Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
74 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ION HOLDING from Waregem, company number BE0840549639, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year ION HOLDING recorded revenue of € 12.4 million and equity of € 72.1 million. Compared with financial year 2024, the result moved from € 17.2 million to € 1.2 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 72.1 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 93% vs 2024
Profit after tax over the fiscal year.
€ 3.5 million
▲ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
30.4
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▼ 1% vs 2024
€ 87,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 208,601
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 61.3 million
▲ 20% vs 2024
€ 37.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3.2 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 1 million
▲ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,825,998 | € 14,702,982 | € 11,387,527 | € 12,449,236 | ▲ 9% |
| Profit after taxes | € 15,139,499 | € 11,413,660 | € 17,213,635 | € 1,166,142 | ▼ 93% |
| Equity | € 45,364,710 | € 56,711,370 | € 73,925,005 | € 72,091,147 | ▼ 2% |
| Total debts | € 43,993,390 | € 57,768,130 | € 58,700,149 | € 70,041,625 | ▲ 19% |
| Cash | € 1,232,082 | € 2,225,031 | € 2,100,633 | € 3,474,584 | ▲ 65% |
| Retained profit | € 45,164,710 | € 56,511,370 | € 73,725,005 | € 71,891,147 | ▼ 2% |
| Dividend | € 500,000 | € 0 | € 0 | € 3,000,000 | |
| Bank debt | € 38,229,188 | € 51,138,839 | € 51,282,394 | € 61,312,498 | ▲ 20% |
| Balance sheet total | € 89,358,100 | € 114,479,500 | € 132,625,155 | € 142,132,772 | ▲ 7% |
| Employees (FTE) | 60.5 | 43.9 | 29.4 | 30.4 | ▲ 1 |
Key figures of ION HOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ION HOLDING?
What happened at ION HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 93% vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Antwerpen. KBO
- New establishment in Waregem. KBO
- Paul Thiers became a director. NBB
- Davy Demuynck became a director. NBB
- Kristof Vanfleteren became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15.1 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 193,751 in corporate taxes since 2022.
Best year ever: 2024, with € 17.2 million profit.
Paid out € 3.5 million in dividends to the owners in total.
Management
Behind ION HOLDING are Paul Thiers, Davy Demuynck and Kristof Vanfleteren. It owns 100% of ION RES, 100% of I-Land, 100% of BedRocks, 100% of Cadore, 100% of IDD Real Estate and 100% of WHB itself.
Directors
According to the 2025 annual accounts
Paul Thiers
Director
Also active at: COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, BedRocks, KEMPENSE LAND BANK, STUDIO 2CV, CELIDEE CONSTRUCT, ION Service Provider +39 more
since 2011
Davy Demuynck
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2011
Kristof Vanfleteren
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2011
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Kantersteen 47
1000 Brussel
Active since 30 November 2022
Borsbeeksebrug 34
2600 Antwerpen
Active since 30 November 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 74 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+69 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0840.549.639
- VAT number
- BE 0840.549.639
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- ION HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 2011
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van holdings
Holdings
Ontwikkeling van niet-residentiële bouwprojecten
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