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 19% of 1599 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€14.3m
2025
Operating result€2.0m
2025
Net result€4.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11.8m
2025
Equity€0.3m
2025
Debt€11.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€7.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin14.1%
2025
Return on assets (ROA)37.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency2.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.26
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)52.7
2025
Point at or tap 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
Line20182019202020212022202320242025
Turnover€18.2m-€17.9m▼ 1.6%€16.7m▼ 6.7%€16.9m▲ 1.4%€15.6m▼ 8.1%€15.3m▼ 1.6%€17.7m▲ 15.7%€14.3m▼ 19.4%
Operating result€2.3m-€2.1m▼ 8.6%€2.6m▲ 22.5%€2.0m▼ 24.1%€1.5m▼ 23.5%€0.9m▼ 36.8%€2.4m▲ 151%€2.0m▼ 15.1%
Net result€4.9m-€4.1m▼ 14.8%€4.9mabove the sector's middle half▲ 18.3%€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 margin12.6%-11.7%▼ 0.9pp15.4%▲ 3.7pp11.5%▼ 3.9pp9.6%▼ 1.9pp6.2%▼ 3.4pp13.4%▲ 7.2pp14.1%▲ 0.7pp
Equity€14.3m-€0.8m▼ 94.3%€0.6mwithin the sector's middle half▼ 22.4%€0.5mwithin the sector's middle half▼ 21.7%€0.4mwithin the sector's middle half▼ 27.8%€0.3mwithin the sector's middle half▼ 10.1%€0.3mwithin the sector's middle half▼ 1.1%€0.3mwithin the sector's middle half=
Total assets€20.0m-€21.0m▲ 5.2%€13.4mabove the sector's middle half▼ 36.1%€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€5.7m-€20.2m▲ 256%€12.8m▼ 36.6%€12.2m▼ 4.6%€12.3m▲ 0.8%€12.0m▼ 2.4%€13.1m▲ 9.4%€11.5m▼ 12.3%
Working capital€5.8m--€6.6m-€6.1mbelow the sector's middle half▲ 8.1%-€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%
Solvency71.6%-3.9%▼ 67.8pp4.7%below the sector's middle half▲ 0.8pp3.9%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 ratio2.47-0.64▼ 1.830.44below the sector's middle half▼ 0.200.45below 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)24.4%-19.7%▼ 4.6pp36.5%above the sector's middle half▲ 16.8pp35.1%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)51.8-49.7▼ 4.1%52.1above the sector's middle half▲ 4.8%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.
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €17.7m | €16.4m | €16.0m | €18.2m | €14.9m | ▼ 18.4% |
| Turnover70 | €18.2m | €17.9m | €16.7m | €16.9m | €15.6m | €15.3m | €17.7m | €14.3m | ▼ 19.4% |
| Other operating income74 | - | - | - | €0.8m | €0.8m | €0.7m | €0.5m | €0.6m | ▲ 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 | - | - | - | €0.5m | -€0.5m | -€0.3m | -€0.6m | €0.9m | ▲ 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 | €1.2m | €1.1m | €0.7m | €0.6m | €0.6m | €0.2m | €0.2m | €0.2m | ▲ 17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.05m | -€0.01m | €0.006m | -€0.04m | €0.2m | ▲ 647% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.02m | €0.06m | €0.03m | €0.01m | ▼ 45.5% |
| Operating profit (loss)9901 | €2.3m | €2.1m | €2.6m | €2.0m | €1.5m | €0.9m | €2.4m | €2.0m | ▼ 15.1% |
| Financial income75/76B | - | - | - | €2.8m | €4.4m | €4.7m | €3.5m | €2.6m | ▼ 25.6% |
| Recurring financial income75 | €2.7m | €2.3m | €2.6m | €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 | - | - | - | - | €0.05m | €0.5m | €0.6m | €0.3m | ▼ 48.4% |
| Other financial income752/9 | - | - | - | €0.02m | €0.2m | €0.1m | €0.08m | €0.1m | ▲ 72.0% |
| Financial charges65/66B | - | - | - | €0.1m | €0.3m | €0.08m | €0.2m | €0.1m | ▼ 55.7% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.2m | €0.1m | €0.3m | €0.08m | €0.2m | €0.1m | ▼ 55.7% |
| Debt charges650 | €0.003m | €331 | €47 | €80 | €0 | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.1m | €0.3m | €0.08m | €0.2m | €0.1m | ▼ 55.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €2 | - | - |
| Profit (loss) for the period before taxes9903 | €4.9m | €4.2m | €4.9m | €4.6m | €5.6m | €5.6m | €5.6m | €4.5m | ▼ 20.0% |
| Income taxes67/77 | €0.01m | €0.1m | €0.04m | €0.2m | €0.4m | -€0.8m | €0.8m | €0.04m | ▼ 95.2% |
| Taxes670/3 | - | - | - | €0.2m | €0.4m | €0.1m | €0.8m | €0.3m | ▼ 56.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0.9m | - | €0.3m | - |
| Profit (loss) for the period9904 | €4.9m | €4.1m | €4.9m | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €4.9m | €4.1m | €4.9m | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20.0m | €21.0m | €13.4m | €12.7m | €12.6m | €12.3m | €13.4m | €11.8m | ▼ 12.0% |
| Fixed assets21/28 | €10.2m | €9.3m | €8.6m | €8.1m | €7.7m | €7.7m | €8.9m | €9.2m | ▲ 4.0% |
| Intangible fixed assets21 | €2.5m | €1.6m | €1.0m | €0.6m | €0.2m | €0.3m | €0.5m | €0.5m | ▼ 4.9% |
| Tangible fixed assets22/27 | €0.9m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €1.5m | €1.9m | ▲ 25.6% |
| Land and buildings22 | - | - | - | €0.6m | €0.5m | €0.4m | €0.3m | €1.6m | ▲ 412% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.1m | €0.08m | €0.07m | €0.07m | ▲ 8.1% |
| Furniture and vehicles24 | - | - | - | €0.001m | €183 | €31 | - | €0.1m | - |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 14.3% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €1.1m | - | - |
| Financial fixed assets28 | €6.8m | €6.9m | €6.9m | €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 | €9.7m | €11.7m | €4.8m | €4.6m | €5.0m | €4.6m | €4.6m | €2.6m | ▼ 42.8% |
| Stocks and contracts in progress3 | €1.8m | €1.0m | €0.9m | €0.5m | €1.1m | €1.4m | €2.0m | €0.9m | ▼ 55.5% |
| Stocks30/36 | - | - | - | €0.5m | €1.1m | €1.4m | €2.0m | €0.9m | ▼ 55.5% |
| Finished goods33 | - | - | - | €0.3m | €0.8m | €1.2m | €2.0m | €0.9m | ▼ 55.5% |
| Goods purchased for resale34 | - | - | - | €0.3m | €0.2m | €0.2m | - | - | - |
| Amounts receivable within one year40/41 | €5.4m | €8.7m | €2.9m | €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 | - | - | - | €0.2m | €0.9m | €0.2m | €0.1m | €0.1m | ▼ 14.4% |
| Cash at bank and in hand54/58 | €1.8m | €1.3m | €0.2m | €0.9m | €0.4m | €0.4m | €0.06m | €0.03m | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.9m | €0.7m | €0.8m | €0.4m | €0.2m | ▼ 48.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20.0m | €21.0m | €13.4m | €12.7m | €12.6m | €12.3m | €13.4m | €11.8m | ▼ 12.0% |
| Equity10/15 | €14.3m | €0.8m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | = |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €13.2m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Investment grants15 | - | - | - | €0.2m | €0.04m | €0.004m | - | - | - |
| Amounts payable17/49 | €5.7m | €20.2m | €12.8m | €12.2m | €12.3m | €12.0m | €13.1m | €11.5m | ▼ 12.3% |
| Amounts payable within one year42/48 | €3.9m | €18.3m | €10.9m | €10.2m | €10.1m | €10.3m | €11.9m | €10.1m | ▼ 15.1% |
| Trade debts44 | €1.6m | €1.2m | €1.6m | €1.7m | €1.5m | €1.5m | €2.4m | €0.7m | ▼ 70.8% |
| Suppliers440/4 | - | - | - | €1.7m | €1.5m | €1.5m | €2.4m | €0.7m | ▼ 70.8% |
| Advances received on contracts in progress46 | - | - | - | €0.01m | €0.008m | €0.02m | €0.4m | €0.02m | ▼ 93.2% |
| Taxes, remuneration and social security45 | - | - | - | €1.5m | €1.8m | €1.0m | €2.0m | €1.7m | ▼ 13.5% |
| Taxes450/3 | - | - | - | €0.6m | €0.9m | €0.2m | €0.9m | €0.8m | ▼ 19.5% |
| Remuneration and social security454/9 | - | - | - | €0.9m | €0.9m | €0.8m | €1.1m | €1.0m | ▼ 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.9m | €4.1m | €4.9m | €4.5m | €5.2m | €6.3m | €4.9m | €4.5m | ▼ 8.1% |
| + Depreciation and write-downs630 | €1.2m | €1.1m | €0.7m | €0.6m | €0.6m | €0.2m | €0.2m | €0.2m | ▲ 17.2% |
| Operating cash flow (approximation) | €6.0m | €5.2m | €5.6m | €5.0m | €5.8m | €6.6m | €5.0m | €4.6m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.04m | -€0.1m | -€0.1m | -€0.3m | -€1.3m | -€0.5m | ▲ 58.1% |
| Change in cash | - | -€0.5m | -€1.0m | €0.6m | -€0.5m | €0.02m | -€0.3m | -€0.04m | ▲ 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.
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