IREAS
ActiveIREAS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €38k. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+4
Solvency46▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.44 in 2024; short-term debt: 59.1% and cash: 7.9% of total assets), but 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
20.8%
Return on assets
9.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €82k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
41 d late
2023
61 d late
2022
30 d late
2021
26 d late
2020
30 d late
2019
131 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€82k▲ 86.1%
2024 · €44k
2018: €124k
2019: €76k
2020: €64k
2021: €97k
2022: €101k
2023: €20k
2024: €44k
2018 → 2025
Total assets
€393k▲ 11.9%
2024 · €351k
2018: €725k
2019: €508k
2020: €316k
2021: €301k
2022: €312k
2023: €306k
2024: €351k
2018 → 2025
Net result
€38k▲ 61.3%
2024 · €23k
2018: €12k
2019: €102k
2020: €-12k
2021: €33k
2022: €4k
2023: €11k
2024: €23k
2018 → 2025
Working capital
€143k▲ 43.3%
2024 · €100k
2018: €23k
2019: €211k
2020: €192k
2021: €202k
2022: €201k
2023: €81k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€101k▲ 4.3%€20k▼ 79.8%€44k▲ 115%€82k▲ 86.1%
Operating result€8k-€4k▼ 45.3%€-4k€33k€52k▲ 56.0%
Net result€33k-€4k▼ 87.4%€11k▲ 163%€23k▲ 113%€38k▲ 61.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393k
Fixed assets
€18k▼ 23.0%
Current assets
€375k▲ 14.4%
Equity and liabilities €393k
Equity
€82k▲ 86.1%
Debt
€312k▲ 1.3%
The debt ratio falls from 87.5% to 79.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €36k
Cash flow
€41k▲
2024 · €27k
Solvency
20.8%▲
2024 · 12.5%
Current ratio
1.61▲
2024 · 1.44
Quick ratio
1.61▲
2024 · 1.44
Debt / equity
3.81▼
2024 · 7.01
ROE
46.3%▼
2024 · 53.4%
ROA
9.6%▲
2024 · 6.7%
Interest coverage
268.09▼
2024 · 310.57
Debt
€312k▲
2024 · €308k
Debt ≤ 1 year
€232k▲
2024 · €229k
Debt > 1 year
€79k=
2024 · €79k
Income taxes
€15k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€351k€393k▲
Fixed assets21/28€23k€18k▼
Tangible fixed assets22/27€17k€15k▼
Land and buildings22€16k€15k▼
Furniture and vehicles24€690€0▼
Financial fixed assets28€6k€3k▼
Current assets29/58€328k€375k▲
Amounts receivable after more than one year29-€214k
Other amounts receivable291-€214k
Amounts receivable within one year40/41€270k€131k▼
Trade receivables40€40k€24k▼
Other amounts receivable41€230k€106k▼
Cash at bank and in hand54/58€58k€31k▼
Equity and liabilities
Total equity and liabilities10/49€351k€393k▲
Equity10/15€44k€82k▲
Contributions10/11€20k€19k▼
Reserves13€23k€63k▲
Distributable reserves133€23k€63k▲
Amounts payable17/49€308k€312k▲
Amounts payable after more than one year17€79k€79k=
Financial debts170/4€79k€79k=
Amounts payable within one year42/48€229k€232k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€39k€12k▼
Suppliers440/4€39k€12k▼
Taxes, remuneration and social security45€44k€22k▼
Taxes450/3€44k€22k▼
Other amounts payable47/48€146k€188k▲
Income statement
Code20242025
Non-recurring operating income76A-€866
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€846▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€37k€59k▲
Operating profit (loss)9901€33k€52k▲
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€117€204▲
Recurring financial charges65€117€204▲
Profit (loss) for the period before taxes9903€33k€53k▲
Income taxes67/77€10k€15k▲
Profit (loss) for the period9904€23k€38k▲
Profit (loss) for the period to be appropriated9905€23k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€38k▲
Transfer to equity691/2€23k€38k▲
To other reserves6921€23k€38k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲4.3%
2 profitable years in a row build equity to €101k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-12k ▼112%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
31-12
Financial
Highest result since 2018net €102k ▲734%
Operating result €154k, net result €102k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kruisem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alfred Amelotstraat 319750 KruisemGround area
797 m²
Building footprint
235 m²
Volume, LiDAR
2,222 m³
Parcel 45057A0436/00D002, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Alfred Amelotstraat 31, 9750 Kruisem
since 20022.099.093.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45057A0436/00D002 | Flanders | 797 m² | 1 · 235 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2002
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.