Summary
IRCOM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €583k and a net result of €110k. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 5547 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5547 sector peers (2025).
NBB · sector comparisonPosition among 5547 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
36 d late
2022
28 d late
2021
38 d early
2020
1 d early
2019
88 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€583k▲ 23.1%
2024 · €474k
Net result
€110k▼ 10.1%
2024 · €122k
Total assets
€2.69M▲ 5.1%
2024 · €2.56M
Solvency
21.7%▲ 3.2pp
2024 · 18.5%
Trend over the years
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€93k▲ 770%€175k▲ 87.1%€174k▼ 0.3%€176k▲ 1.0%€133k▼ 24.6%
Net result€66k▲ 739%€111k▲ 67.1%€135k▲ 22.1%€122k▼ 9.7%€110k▼ 10.1%
Equity€106k▲ 164%€217k▲ 104%€352k▲ 62.2%€474k▲ 34.6%€583k▲ 23.1%
Total assets€210k▲ 67.5%€292k▲ 39.1%€419k▲ 43.6%€2.56M▲ 511%€2.69M▲ 5.1%
Debt€103k▲ 21.7%€75k▼ 27.6%€67k▼ 10.3%€2.09M▲ 3,008%€2.11M▲ 1.0%
Working capital€-10k▲ 87.1%€102k€239k▲ 134%€2.39M▲ 899%€2.52M▲ 5.3%
Solvency50.8%▲ 18.6pp74.4%▲ 23.6pp84.0%▲ 9.6pp18.5%▼ 65.5pp21.7%▲ 3.2pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.69M
Fixed assets
€122k ▲ 5.0%
Current assets
€2.57M ▲ 5.1%
Equity and liabilities €2.69M
Equity
€583k ▲ 23.1%
Debt
€2.11M ▲ 1.0%
Debt's share of the balance-sheet total falls from 81.5% to 78.3%. Equity and debt are higher.
Key figures and ratios
ROE
18.8%▼
2024 · 25.7%
ROA
4.1%▼
2024 · 4.8%
Debt ≤ 1 year
€52k▼
2024 · €55k
Debt > 1 year
€2.00M=
2024 · €2.00M
Income taxes
€47k▼
2024 · €57k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €3k | ▲ 55.8% |
| Other operating charges640/8 | €847 | €822 | €794 | €805 | €995 | ▲ 23.6% |
| Gross operating margin9900 | €96k | €177k | €177k | €179k | €137k | ▼ 23.6% |
| Operating profit (loss)9901 | €93k | €175k | €174k | €176k | €133k | ▼ 24.6% |
| Financial income75/76B | - | €2k | €190 | €33k | €145k | ▲ 338% |
| Recurring financial income75 | - | €2k | €190 | €33k | €145k | ▲ 338% |
| Financial charges65/66B | €180 | €17k | €-17k | €30k | €121k | ▲ 297% |
| Recurring financial charges65 | €180 | €17k | €-17k | €30k | €121k | ▲ 297% |
| Profit (loss) for the period before taxes9903 | €93k | €160k | €191k | €178k | €156k | ▼ 12.5% |
| Income taxes67/77 | €27k | €50k | €56k | €57k | €47k | ▼ 17.8% |
| Profit (loss) for the period9904 | €66k | €111k | €135k | €122k | €110k | ▼ 10.1% |
| Profit (loss) for the period to be appropriated9905 | €66k | €111k | €135k | €122k | €110k | ▼ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210k | €292k | €419k | €2.56M | €2.69M | ▲ 5.1% |
| Fixed assets21/28 | €117k | €115k | €113k | €116k | €122k | ▲ 5.0% |
| Tangible fixed assets22/27 | €117k | €115k | €113k | €111k | €117k | ▲ 5.2% |
| Land and buildings22 | €117k | €115k | €113k | €111k | €109k | ▼ 1.7% |
| Furniture and vehicles24 | - | - | - | - | €8k | - |
| Financial fixed assets28 | - | - | - | €5k | €5k | = |
| Current assets29/58 | €93k | €177k | €306k | €2.44M | €2.57M | ▲ 5.1% |
| Amounts receivable within one year40/41 | €3k | €0 | €14k | €2.05M | €2.08M | ▲ 1.7% |
| Trade receivables40 | - | - | - | €17k | €0 | ▼ 100% |
| Other amounts receivable41 | €3k | €0 | €14k | €2.03M | €2.08M | ▲ 2.5% |
| Current investments50/53 | - | €137k | €244k | €350k | €451k | ▲ 28.7% |
| Cash at bank and in hand54/58 | €91k | €40k | €49k | €43k | €22k | ▼ 48.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €10k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210k | €292k | €419k | €2.56M | €2.69M | ▲ 5.1% |
| Equity10/15 | €106k | €217k | €352k | €474k | €583k | ▲ 23.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €78k | €194k | €337k | €457k | €566k | ▲ 23.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €76k | €192k | €337k | €457k | €566k | ▲ 23.9% |
| Profit (loss) carried forward14 | €16k | €11k | €3k | €5k | €6k | ▲ 12.7% |
| Amounts payable17/49 | €103k | €75k | €67k | €2.09M | €2.11M | ▲ 1.0% |
| Amounts payable after more than one year17 | - | - | - | €2.00M | €2.00M | = |
| Other amounts payable178/9 | - | - | - | €2.00M | €2.00M | = |
| Amounts payable within one year42/48 | €103k | €75k | €67k | €55k | €52k | ▼ 6.3% |
| Trade debts44 | €5k | €14k | €18k | €22k | €24k | ▲ 8.4% |
| Suppliers440/4 | €5k | €14k | €18k | €22k | €24k | ▲ 8.4% |
| Taxes, remuneration and social security45 | €21k | €23k | €28k | €29k | €15k | ▼ 46.9% |
| Taxes450/3 | €21k | €23k | €28k | €29k | €15k | ▼ 46.9% |
| Other amounts payable47/48 | €78k | €37k | €21k | €4k | €12k | ▲ 217% |
| Accrued charges and deferred income492/3 | - | - | - | €30k | €54k | ▲ 77.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66k | €111k | €135k | €122k | €110k | ▼ 10.1% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €3k | ▲ 55.8% |
| Operating cash flow (approximation) | €68k | €112k | €137k | €124k | €113k | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-5k | €-9k | ▼ 74.5% |
| Change in cash | - | €-50k | €9k | €-6k | €-21k | ▼ 238% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €500kEq €583k ▲23.1%
8 profitable years in a row build equity to €583k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Liquidity times 10current ratio 44.45
Current ratio from 4.56 to 44.45; short-term debt falls from €67k to €55k.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Highest result since 2018net €135k ▲22.1%
Net result €135k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.37
Current ratio from 0.90 to 2.37; short-term debt falls from €103k to €75k.
31-12
Financial
Equity above €200kEq €217k ▲104%
5 profitable years in a row build equity to €217k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €106k ▲164%
4 profitable years in a row build equity to €106k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lede · 1 establishment unit since 1998
Ground area
1,540 m²
Building footprint
343 m²
Volume, LiDAR
2,347 m³
2 parcels, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kasterstraat 88, 9230 Wetteren
since 19982.089.238.359
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41032B0185/00A000 | Flanders | 933 m² | 1 · 255 m² | 14.3 m · 3 fl. |
| 42302C0769/00G000 | Flanders | 607 m² | 1 · 87 m² | 9.7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.