IRATHIMO

Active

Private limited companyfounded 20205 yrs activeRijselstraat 191, 8820 Torhout, BelgiumKBO/BCE: BE 0755.538.542

Summary

The computed 12-month bankruptcy probability of IRATHIMO is 2.4% (moderate). The 2025 annual accounts show equity of €20,640 and a net result of €11,065. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

IRATHIMOActiveChecked score 52/100

Risk analysis Report Compare

Checked score

Score 2025

52 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability67▲+30

Solvency47▼-53

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,000 at 30 days acceptable

Liquidity tight (current ratio 1.28 against 4.85 in 2024; short-term debt: 77.8% and cash: 78.5% of total assets), and 77.8% 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

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22.2%

Return on assets

11.9%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

28 d late

2024

26 d late

2023

22 d late

2022

24 d late

2021

5 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 5 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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 24 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 1 October 2020, IRATHIMO was incorporated as a Private limited company.¹ Total assets went from EUR 37,984 in 2021 to EUR 93,145 in 2025.²

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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€20,640▼ 72.3%

2024 · €74,575

Total assets

€93,145▼ 0.9%

2024 · €93,960

Net result

€11,065

2024 · -€75

Working capital

€20,640▼ 72.3%

2024 · €74,575

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€38,817-€31,091▼ 19.9%€42,657▲ 37.2%€182▼ 99.6%€16,878▲ 9,173%

Net result€28,988-€23,427▼ 19.2%€32,735▲ 39.7%-€75€11,065

Equity€36,488-€59,915▲ 64.2%€92,650▲ 54.6%€74,575▼ 19.5%€20,640▼ 72.3%

Total assets€37,984-€62,900▲ 65.6%€97,246▲ 54.6%€93,960▼ 3.4%€93,145▼ 0.9%

Debt€1,497-€2,986▲ 99.5%€4,595▲ 53.9%€19,385▲ 322%€72,505▲ 274%

Working capital€36,488-€59,915▲ 64.2%€92,650▲ 54.6%€74,575▼ 19.5%€20,640▼ 72.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 9,173% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €93,145

22.2%

77.8%

Equity €20,640 ▼ 72.3%

Debt €72,505 ▲ 274%

Debt's share of the balance-sheet total rises from 20.6% to 77.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Current ratio

1.28▼

2024 · 4.85

Debt to equity

3.51▲

2024 · 0.26

ROE

53.6%▲

2024 · -0.1%

ROA

11.9%▲

2024 · -0.1%

Debt ≤ 1 year

€72,505▲

2024 · €19,385

Income taxes

€5,738▲

2024 · €394

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

Micro
5 to 10 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more

1.8% went bankrupt

2.2% 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 higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,713 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines

Balance sheet Code20242025

Assets

Total assets20/58€93,960€93,145▼

Current assets29/58€93,960€93,145▼

Amounts receivable within one year40/41€10,706€18,506▲

Trade receivables40€2,296€17,400▲

Other amounts receivable41€8,410€1,106▼

Cash at bank and in hand54/58€81,899€73,118▼

Deferred charges and accrued income490/1€1,356€1,521▲

Equity and liabilities

Total equity and liabilities10/49€93,960€93,145▼

Equity10/15€74,575€20,640▼

Contributions10/11€7,500€7,500=

Reserves13€67,075€13,140▼

Distributable reserves133€67,075€13,140▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€19,385€72,505▲

Amounts payable within one year42/48€19,385€72,505▲

Trade debts44€1,385€55▼

Suppliers440/4€1,385€55▼

Taxes, remuneration and social security45€0€5,738▲

Taxes450/3€0€5,738▲

Other amounts payable47/48€18,000€66,712▲

Income statement Code20242025

Other operating charges640/8€842€519▼

Gross operating margin9900€1,024€17,398▲

Operating profit (loss)9901€182€16,878▲

Financial income75/76B€211€0▼

Recurring financial income75€211€0▼

Financial charges65/66B€74€75▲

Recurring financial charges65€74€75▲

Profit (loss) for the period before taxes9903€319€16,803▲

Income taxes67/77€394€5,738▲

Profit (loss) for the period9904-€75€11,065▲

Profit (loss) for the period to be appropriated9905-€75€11,065▲

Appropriation of the result

Profit (loss) to be appropriated9906-€75€11,065▲

Transfer from equity791/2€18,075€65,000▲

Transfer to equity691/2€0€11,065▲

To other reserves6921€0€11,065▲

Profit to be distributed694/7€18,000€65,000▲

Return on contributions (dividend)694€18,000€65,000▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Other operating charges640/8	€2,016	€602	€355	€842	€519	▼ 38.3%
Gross operating margin9900	€40,834	€31,693	€43,012	€1,024	€17,398	▲ 1,599%
Operating profit (loss)9901	€38,817	€31,091	€42,657	€182	€16,878	▲ 9,173%
Financial income75/76B	-	-	€34	€211	€0	▼ 100%
Recurring financial income75	-	-	€34	€211	€0	▼ 100%
Financial charges65/66B	€74	€69	€79	€74	€75	▲ 2.1%
Recurring financial charges65	€74	€69	€79	€74	€75	▲ 2.1%
Profit (loss) for the period before taxes9903	€38,743	€31,022	€42,612	€319	€16,803	▲ 5,167%
Income taxes67/77	€9,755	€7,594	€9,877	€394	€5,738	▲ 1,358%
Profit (loss) for the period9904	€28,988	€23,427	€32,735	-€75	€11,065	▲ 14,914%
Profit (loss) for the period to be appropriated9905	€28,988	€23,427	€32,735	-€75	€11,065	▲ 14,914%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€37,984	€62,900	€97,246	€93,960	€93,145	▼ 0.9%
Current assets29/58	€37,984	€62,900	€97,246	€93,960	€93,145	▼ 0.9%
Amounts receivable within one year40/41	€6,409	€15,394	€13,792	€10,706	€18,506	▲ 72.9%
Trade receivables40	€6,254	€15,394	€10,754	€2,296	€17,400	▲ 658%
Other amounts receivable41	€155	€0	€3,038	€8,410	€1,106	▼ 86.8%
Cash at bank and in hand54/58	€30,453	€46,162	€83,454	€81,899	€73,118	▼ 10.7%
Deferred charges and accrued income490/1	€1,123	€1,345	€0	€1,356	€1,521	▲ 12.2%
Equity and liabilities
Total equity and liabilities10/49	€37,984	€62,900	€97,246	€93,960	€93,145	▼ 0.9%
Equity10/15	€36,488	€59,915	€92,650	€74,575	€20,640	▼ 72.3%
Contributions10/11	€7,500	€7,500	€7,500	€7,500	€7,500	=
Reserves13	€28,988	€52,415	€85,150	€67,075	€13,140	▼ 80.4%
Distributable reserves133	€28,988	€52,415	€85,150	€67,075	€13,140	▼ 80.4%
Profit (loss) carried forward14	-	-	-	€0	€0	-
Amounts payable17/49	€1,497	€2,986	€4,595	€19,385	€72,505	▲ 274%
Amounts payable within one year42/48	€1,497	€2,986	€4,595	€19,385	€72,505	▲ 274%
Trade debts44	€9	€1,704	€4,001	€1,385	€55	▼ 96.0%
Suppliers440/4	€9	€1,704	€4,001	€1,385	€55	▼ 96.0%
Taxes, remuneration and social security45	€731	€1,241	€594	€0	€5,738	-
Taxes450/3	€731	€1,241	€594	€0	€5,738	-
Other amounts payable47/48	€757	€40	€0	€18,000	€66,712	▲ 271%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€28,988	€23,427	€32,735	-€75	€11,065	▲ 14,914%
Operating cash flow (approximation)	€28,988	€23,427	€32,735	-€75	€11,065	▲ 14,914%
Change in cash	-	€15,709	€37,292	-€1,555	-€8,781	▼ 465%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Back to profitnet €11,065

Net result €11,065 after one loss-making year.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

31-12

Financial Weakest financial yearnet -€75

Net result drops to -€75, the lowest in the series; recovery starts the following year.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

2023

31-12

Financial Highest result since 2021net €32,735 ▲39.7%

Operating result €42,657, net result €32,735, both a record.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

05-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 5 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has 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

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Torhout · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

599 m²

Building footprint

318 m²

Volume, LiDAR

2,994 m³

2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

IRATHIMO

Vlamingstraat 1, 8020 OostkampGeneral cleaning of buildings

since 20202.309.178.832

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31025G0028/00M000	Flanders	512 m²	1 · 274 m²	14.5 m · 3 fl.
31523F0077/00L000	Flanders	87 m²	1 · 44 m²	8.3 m · 2 fl.

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.

Identification & contact

Identification

Legal formPrivate limited company

Founded01-10-2020

Fiscal year end31-12

E-invoicing

Reachable via Peppol

Peppol ID 0208:0755538542

Registered 02-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.