ACTIVE

ION Service Provider

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Financial year 2025 · closed on 31/12/2025
Net result
2,6 M €
+987.5% YoY
Revenue
6 M €
+146.0% YoY
Equity
5,5 M €
+91.7% YoY
Workforce
2,7 ETP
+35.0% YoY

What does ION Service Provider do?

ION Service Provider is a Public limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Waregem. It employs on average 2,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0599.816.128
Incorporation
02/03/2015
Legal form
Public limited company
Registered office
Vredestraat 53
8790 Waregem · FlandreSee on map
Contributed capital
375 000,00 €
Latest accounts
31/12/2025
Average workforce
2,7 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate68321Management of real estate on a fee or contract basis68321Management of real estate on a fee or contract basis66300Fund management activities66300Fund management activities+2
Joint committees (2)
  • 200
  • 20000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212015
Income statement
Revenue6 M €2,5 M €3,2 M €2,7 M €1,7 M €416,7 k €
EBITDA2,8 M €380,7 k €865,4 k €852,9 k €93,2 k €8,7 k €
Operating result2,8 M €380,7 k €865,4 k €852,9 k €93,2 k €5,7 k €
Net result2,6 M €240,1 k €644,8 k €606,7 k €63,6 k €2,5 k €
Balance sheet
Equity5,5 M €2,8 M €2,6 M €2 M €1,9 M €252,5 k €
Total assets8,1 M €6,1 M €5,8 M €4,8 M €5 M €412,1 k €
Cash40,8 k €197,5 k €63,3 k €26,7 k €25,8 k €60,2 k €
Debts2,7 M €2,7 M €2,8 M €2,5 M €3 M €159,6 k €
Other
Workforce2,7 ETP2,0 ETP3,6 ETP4,5 ETP3,1 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Davy Demuynck

Director · since 09 juin 2021 · until 19 mai 2027

Active
Kristof Vanfleteren

Director · since 09 juin 2021 · until 19 mai 2027

Active
Paul THIERS

Director · since 09 juin 2021 · until 19 mai 2027

Active

Ended mandates

Davy Demuynck

Director · since 27 février 2015 · until 19 mai 2021

Ended
Davy Demuynck

Director · since 27 février 2015 · until 09 juin 2021

Ended
Jan Ruysschaert

Director · since 22 février 2015 · until 22 novembre 2016

Ended
Kristof Vanfleteren

Director · since 22 février 2015 · until 19 mai 2021

Ended
At this address

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0681.839.427
ACCONSTRUCT● Active
0712.729.670
ADT DEVELOPMENT● Active
0783.335.970
ADT PROJECT● Active
0748.831.486
ASTY MOULIN PROPERTIES● Active
0795.308.839
BDL CONSTRUCT● Active
0633.919.447
BEAUBOURG PROJECTS● Active
0473.144.818
BedRocks● Active
0465.649.191
BFT Development● Active
1025.609.506
BIB Project● Active
0795.180.264
Blauwe Hoek● Active
0772.864.227
CADORE● Active
1025.610.692
CAPRONNIER INVEST● Active
0767.963.153
Carduus Beheer● Active
0769.576.125
CELIDEE CONSTRUCT● Active
0506.880.527
CENTRAL GARDENS● Active
0835.930.954
COBOS● Active
0425.242.852
CONGRES INVEST● Active
0729.668.642
Conima● Active
0775.713.453
Deelvereniging van mede-eigenaars Waregem Business Park Gebouw C● Active
0655.985.759
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202624/06/202501/07/202415/06/202306/07/202225/06/2021
General meeting10/06/202611/06/202505/06/202417/05/202308/06/202209/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202510/06/202629/06/2026DutchPDF
Full model31/12/202411/06/202524/06/2025DutchPDF
Full model31/12/202305/06/202401/07/2024DutchPDF
Full model31/12/202217/05/202315/06/2023DutchPDF
Full model31/12/202108/06/202206/07/2022DutchPDF
Full model31/12/202009/06/202125/06/2021DutchPDF
Full model31/12/201930/06/202016/07/2020DutchPDF
Full model31/12/201805/06/201928/06/2019DutchPDF
Full model31/12/201716/05/201827/06/2018DutchPDF
Full model31/12/201617/05/201713/06/2017DutchPDF
Full model31/12/201518/05/201613/07/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Davy Demuynck

Director · since 09 juin 2021 · until 19 mai 2027

Active
Kristof Vanfleteren

Director · since 09 juin 2021 · until 19 mai 2027

Active
Paul THIERS

Director · since 09 juin 2021 · until 19 mai 2027

Active

Ended mandates

Davy Demuynck

Director · since 27 février 2015 · until 19 mai 2021

Ended
Davy Demuynck

Director · since 27 février 2015 · until 09 juin 2021

Ended
Jan Ruysschaert

Director · since 22 février 2015 · until 22 novembre 2016

Ended
Kristof Vanfleteren

Director · since 22 février 2015 · until 19 mai 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/11/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DIVERSEN
    PDF
  • Mandates01/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/08/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2016
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other04/03/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,6 M €↑
  2. 2024
    Annual accounts 2024240,1 k €↓
  3. 2023
    Annual accounts 2023644,8 k €↑
  4. 2022
    Annual accounts 2022606,7 k €↑
  5. 2022
    Name changeION Service Provider
  6. 2021
    Annual accounts 202163,6 k €↑
  7. 2015
    Annual accounts 20152,5 k €
  8. 02/03/2015
    IncorporationPublic limited company
  9. 2015
    Name changeThe Fund Manager