IMAGE RECOGNITION INTEGRATED SYSTEMS
ActiveSummary
IMAGE RECOGNITION INTEGRATED SYSTEMS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €318,420 and a net result of €4.5m. Equity is shrinking by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 1460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+2
Solvency28▲+1
Growth29▼-3
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.39 in 2024; short-term debt: 85.2% and cash: 0.2% of total assets), and 97.3% 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
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
2.7%
Return on assets
37.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1460 sector peers (2025).
NBB · sector comparisonPosition among 1460 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
56 d early
2023
30 d early
2022
31 d early
2021
4 d early
2020
23 d early
2019
3 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 oldest company in Mont-Saint-Guibert, Telecoms and IT sector#4 company by total assets in Mont-Saint-Guibert, Telecoms and IT sector#5 employer in Mont-Saint-Guibert, Telecoms and IT sector
Turnover
€14.3m▼ 19.4%
2024 · €17.7m
EBIT margin
14.1%▲ 0.7pp
2024 · 13.4%
Net result
€4.5m▼ 8.1%
2024 · €4.9m
Working capital
-€7.5m▼ 2.4%
2024 · -€7.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€16.9m▲ 1.4%€15.6m▼ 8.1%€15.3m▼ 1.6%€17.7m▲ 15.7%€14.3m▼ 19.4%
Operating result€2.0m▼ 24.1%€1.5m▼ 23.5%€943,257▼ 36.8%€2.4m▲ 151%€2.0m▼ 15.1%
Net result€4.5mabove the sector's middle half▼ 9.1%€5.2mabove the sector's middle half▲ 17.0%€6.3mabove the sector's middle half▲ 21.5%€4.9mabove the sector's middle half▼ 23.3%€4.5mabove the sector's middle half▼ 8.1%
EBIT margin11.5%▼ 3.9pp9.6%▼ 1.9pp6.2%▼ 3.4pp13.4%▲ 7.2pp14.1%▲ 0.7pp
Equity€496,101within the sector's middle half▼ 21.7%€358,318within the sector's middle half▼ 27.8%€322,055within the sector's middle half▼ 10.1%€318,420within the sector's middle half▼ 1.1%€318,420within the sector's middle half=
Total assets€12.7mabove the sector's middle half▼ 5.4%€12.6mabove the sector's middle half▼ 0.3%€12.3mabove the sector's middle half▼ 2.6%€13.4mabove the sector's middle half▲ 9.2%€11.8mabove the sector's middle half▼ 12.0%
Debt€12.2m▼ 4.6%€12.3m▲ 0.8%€12.0m▼ 2.4%€13.1m▲ 9.4%€11.5m▼ 12.3%
Working capital-€5.6mbelow the sector's middle half▲ 7.4%-€5.1mbelow the sector's middle half▲ 8.8%-€5.8mbelow the sector's middle half▼ 12.1%-€7.3mbelow the sector's middle half▼ 26.6%-€7.5mbelow the sector's middle half▼ 2.4%
Solvency3.9%below the sector's middle half▼ 0.8pp2.8%below the sector's middle half▼ 1.1pp2.6%below the sector's middle half▼ 0.2pp2.4%below the sector's middle half▼ 0.2pp2.7%below the sector's middle half▲ 0.3pp
Current ratio0.45below the sector's middle half▲ 0.010.49below the sector's middle half▲ 0.040.44below the sector's middle half▼ 0.050.39below the sector's middle half▼ 0.060.26below the sector's middle half▼ 0.13
Return on assets (ROA)35.1%above the sector's middle half▼ 1.4pp41.2%above the sector's middle half▲ 6.1pp51.4%above the sector's middle half▲ 10.2pp36.1%above the sector's middle half▼ 15.3pp37.7%above the sector's middle half▲ 1.6pp
Staff (FTE)58.7above the sector's middle half▲ 12.7%58.4above the sector's middle half▼ 0.5%58.7above the sector's middle half▲ 0.5%54.7above the sector's middle half▼ 6.8%52.7above the sector's middle half▼ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.8m
Fixed assets
€9.2m ▲ 4.0%
Current assets
€2.6m ▼ 42.8%
Equity and liabilities €11.8m
Equity
€318,420 =
Debt
€11.5m ▼ 12.3%
Debt's share of the balance-sheet total falls from 97.6% to 97.3%. Debt is lower.
Key figures and ratios
EBITDA
€2.2m▼
2024 · €2.5m
Cash flow
€4.6m▼
2024 · €5.0m
Quick ratio
0.17▼
2024 · 0.22
Debt to equity
36.16▼
2024 · 41.21
Interest coverage
22.70▲
2024 · 11.59
Debt ≤ 1 year
€10.1m▼
2024 · €11.9m
Income taxes
€36,749▼
2024 · €768,654
Staff costs
€5.8m▲
2024 · €5.7m
A ratio outside any meaningful range has been withheld (balance sheet total €11.8m, equity €318,420).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.7m | €16.4m | €16.0m | €18.2m | €14.9m | ▼ 18.4% |
| Turnover70 | €16.9m | €15.6m | €15.3m | €17.7m | €14.3m | ▼ 19.4% |
| Other operating income74 | €755,244 | €848,116 | €734,060 | €527,202 | €604,488 | ▲ 14.7% |
| Operating charges60/66A | €15.7m | €14.9m | €15.1m | €15.9m | €12.9m | ▼ 18.9% |
| Goods for resale, raw materials and consumables60 | €5.6m | €4.9m | €4.6m | €6.3m | €3.1m | ▼ 50.5% |
| Purchases600/8 | €5.1m | €5.4m | €5.0m | €6.9m | €2.2m | ▼ 67.8% |
| Change in stocks: decrease (increase)609 | €459,791 | -€500,810 | -€338,723 | -€593,058 | €891,870 | ▲ 250% |
| Services and other goods61 | €4.3m | €4.1m | €4.3m | €3.7m | €3.5m | ▼ 5.2% |
| Remuneration, social security and pensions62 | €5.1m | €5.4m | €5.9m | €5.7m | €5.8m | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €583,344 | €568,019 | €247,326 | €152,513 | €178,738 | ▲ 17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €50,802 | -€13,204 | €6,415 | -€40,095 | €219,186 | ▲ 647% |
| Other operating charges640/8 | €56,517 | €15,848 | €61,406 | €27,018 | €14,730 | ▼ 45.5% |
| Operating profit (loss)9901 | €2.0m | €1.5m | €943,257 | €2.4m | €2.0m | ▼ 15.1% |
| Financial income75/76B | €2.8m | €4.4m | €4.7m | €3.5m | €2.6m | ▼ 25.6% |
| Recurring financial income75 | €2.8m | €4.4m | €4.7m | €3.5m | €2.6m | ▼ 25.6% |
| Income from financial fixed assets750 | €2.8m | €4.1m | €4.1m | €2.8m | €2.2m | ▼ 23.6% |
| Income from current assets751 | - | €45,601 | €526,141 | €566,852 | €292,346 | ▼ 48.4% |
| Other financial income752/9 | €20,090 | €185,979 | €108,840 | €76,276 | €131,230 | ▲ 72.0% |
| Financial charges65/66B | €127,435 | €263,802 | €83,968 | €217,536 | €96,429 | ▼ 55.7% |
| Recurring financial charges65 | €127,435 | €263,802 | €83,968 | €217,535 | €96,429 | ▼ 55.7% |
| Debt charges650 | €80 | €0 | - | - | - | - |
| Other financial charges652/9 | €127,356 | €263,802 | €83,968 | €217,535 | €96,429 | ▼ 55.7% |
| Non-recurring financial charges66B | - | - | - | €2 | - | - |
| Profit (loss) for the period before taxes9903 | €4.6m | €5.6m | €5.6m | €5.6m | €4.5m | ▼ 20.0% |
| Income taxes67/77 | €156,380 | €390,113 | -€758,213 | €768,654 | €36,749 | ▼ 95.2% |
| Taxes670/3 | €156,380 | €390,113 | €133,250 | €768,654 | €338,116 | ▼ 56.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | €891,464 | - | €301,366 | - |
| Profit (loss) for the period9904 | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.7m | €12.6m | €12.3m | €13.4m | €11.8m | ▼ 12.0% |
| Fixed assets21/28 | €8.1m | €7.7m | €7.7m | €8.9m | €9.2m | ▲ 4.0% |
| Intangible fixed assets21 | €583,720 | €161,068 | €320,428 | €477,700 | €454,236 | ▼ 4.9% |
| Tangible fixed assets22/27 | €630,440 | €606,816 | €512,401 | €1.5m | €1.9m | ▲ 25.6% |
| Land and buildings22 | €552,847 | €476,929 | €395,551 | €318,050 | €1.6m | ▲ 412% |
| Plant, machinery and equipment23 | €63,049 | €96,048 | €82,340 | €66,029 | €71,371 | ▲ 8.1% |
| Furniture and vehicles24 | €874 | €183 | €31 | - | €130,687 | - |
| Other tangible fixed assets26 | €13,671 | €33,656 | €34,479 | €30,174 | €25,868 | ▼ 14.3% |
| Assets under construction and advance payments27 | - | - | - | €1.1m | - | - |
| Financial fixed assets28 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Affiliated companies280/1 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Participating interests280 | €6.9m | €6.9m | €6.9m | €6.9m | €6.9m | = |
| Current assets29/58 | €4.6m | €5.0m | €4.6m | €4.6m | €2.6m | ▼ 42.8% |
| Stocks and contracts in progress3 | €542,484 | €1.1m | €1.4m | €2.0m | €884,761 | ▼ 55.5% |
| Stocks30/36 | €542,484 | €1.1m | €1.4m | €2.0m | €884,761 | ▼ 55.5% |
| Finished goods33 | €281,582 | €827,040 | €1.2m | €2.0m | €884,761 | ▼ 55.5% |
| Goods purchased for resale34 | €260,901 | €235,810 | €211,532 | - | - | - |
| Amounts receivable within one year40/41 | €2.3m | €2.8m | €2.0m | €2.2m | €1.5m | ▼ 29.7% |
| Trade receivables40 | €2.1m | €1.9m | €1.8m | €2.0m | €1.4m | ▼ 30.8% |
| Other amounts receivable41 | €190,100 | €931,171 | €163,189 | €138,131 | €118,232 | ▼ 14.4% |
| Cash at bank and in hand54/58 | €860,175 | €377,986 | €396,088 | €64,684 | €26,815 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €865,809 | €718,522 | €824,142 | €367,421 | €188,590 | ▼ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.7m | €12.6m | €12.3m | €13.4m | €11.8m | ▼ 12.0% |
| Equity10/15 | €496,101 | €358,318 | €322,055 | €318,420 | €318,420 | = |
| Contributions10/11 | €289,473 | €289,473 | €289,473 | €289,473 | €289,473 | = |
| Capital10 | €289,473 | €289,473 | €289,473 | €289,473 | €289,473 | = |
| Issued capital100 | €289,473 | €289,473 | €289,473 | €289,473 | €289,473 | = |
| Reserves13 | €28,947 | €28,947 | €28,947 | €28,947 | €28,947 | = |
| Non-distributable reserves130/1 | €28,947 | €28,947 | €28,947 | €28,947 | €28,947 | = |
| Legal reserve130 | €28,947 | €28,947 | €28,947 | €28,947 | €28,947 | = |
| Investment grants15 | €177,681 | €39,898 | €3,635 | - | - | - |
| Amounts payable17/49 | €12.2m | €12.3m | €12.0m | €13.1m | €11.5m | ▼ 12.3% |
| Amounts payable within one year42/48 | €10.2m | €10.1m | €10.3m | €11.9m | €10.1m | ▼ 15.1% |
| Trade debts44 | €1.7m | €1.5m | €1.5m | €2.4m | €693,976 | ▼ 70.8% |
| Suppliers440/4 | €1.7m | €1.5m | €1.5m | €2.4m | €693,976 | ▼ 70.8% |
| Advances received on contracts in progress46 | €10,109 | €8,021 | €19,922 | €364,590 | €24,749 | ▼ 93.2% |
| Taxes, remuneration and social security45 | €1.5m | €1.8m | €1.0m | €2.0m | €1.7m | ▼ 13.5% |
| Taxes450/3 | €569,030 | €940,510 | €208,227 | €947,010 | €762,091 | ▼ 19.5% |
| Remuneration and social security454/9 | €904,791 | €864,388 | €817,014 | €1.1m | €979,271 | ▼ 8.1% |
| Other amounts payable47/48 | €7.0m | €6.8m | €7.8m | €7.1m | €7.6m | ▲ 7.0% |
| Accrued charges and deferred income492/3 | €2.0m | €2.2m | €1.7m | €1.3m | €1.4m | ▲ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| + Depreciation and write-downs630 | €583,344 | €568,019 | €247,326 | €152,513 | €178,738 | ▲ 17.2% |
| Operating cash flow (approximation) | €5.0m | €5.8m | €6.6m | €5.0m | €4.6m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€121,742 | -€312,271 | -€1.3m | -€534,357 | ▲ 58.1% |
| Change in cash | - | -€482,189 | €18,101 | -€331,404 | -€37,868 | ▲ 88.6% |
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
Reappointment: Deloitte, réviseurs d'entreprises (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Deloitte, réviseurs d'entreprises (statutory auditor)
2 facts ▸
- General meeting, 29-05-2026
- Auditor reappointment, Deloitte, réviseurs d'entreprises (statutory auditor)
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €6.3m ▲21.5%
Net result €6.3m, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €4.1m ▼14.8%
Net result drops to €4.1m, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Deloitte Réviseurs d'Entreprises
CurrentStatutory auditor · since 10-07-2026 · perm. rep.: Carl LASCHET
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 →
Location & real-estate footprint
Registered office, Mont-Saint-Guibert · 2 establishment units since 1987
Ground area
9,050 m²
Building footprint
1,578 m²
Volume, LiDAR
4,466 m³
2 parcels, Wallonia · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
I.R.I.S.
since 19872.032.244.129
I.R.I.S.
since 20052.205.507.707
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020A0014/00B002 | Wallonia | 4,976 m² | 1 · 957 m² | 10.9 m · 1 fl. |
| 25020A0013/00G000 | Wallonia | 4,074 m² | 1 · 620 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Deloitte Réviseurs d'Entreprises |
|
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- IMAGE RECOGNITION INTEGRATED SYSTEMS GROUP
- IMAGE RECOGNITION INTEGRATED SYSTEMS
Highest known parent: IMAGE RECOGNITION INTEGRATED SYSTEMS GROUP. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of IMAGE RECOGNITION INTEGRATED SYSTEMS and those 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
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded06-04-1987
Fiscal year end31-12
Abbreviation FR
I.R.I.S.
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430824708
Also
9925:BE0430824708
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.