iret development
ActiveSummary
iret development has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-497k) and a net result of €-248k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 73 lines
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.48M | €7.01M | €8.69M | €6.93M | €14.50M | ▲ 109% |
| Turnover70 | €14.75M | €173.48M | €4.05M | €1.25M | €10.24M | ▲ 720% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €-14.39M | €-171.74M | €-420k | - | - | - |
| Other operating income74 | €5.13M | €5.27M | €5.06M | €5.58M | €4.17M | ▼ 25.2% |
| Non-recurring operating income76A | - | - | - | €98k | €83k | ▼ 15.4% |
| Operating charges60/66A | €5.53M | €5.90M | €9.12M | €7.39M | €14.54M | ▲ 96.8% |
| Goods for resale, raw materials and consumables60 | €487k | €740k | €3.87M | €1.69M | €8.84M | ▲ 423% |
| Purchases600/8 | €86.79M | €39.65M | €22.86M | €30.26M | €20.39M | ▼ 32.6% |
| Change in stocks: decrease (increase)609 | €-86.30M | €-38.91M | €-18.99M | €-28.57M | €-11.54M | ▲ 59.6% |
| Services and other goods61 | €3.96M | €4.44M | €4.39M | €4.76M | €4.84M | ▲ 1.7% |
| Remuneration, social security and pensions62 | €772k | €417k | €542k | €772k | €584k | ▼ 24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292k | €289k | €285k | €293k | €239k | ▼ 18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-18k | - | - | €-8k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-350k | - | - |
| Other operating charges640/8 | €29k | €11k | €32k | €230k | €27k | ▼ 88.4% |
| Non-recurring operating charges66A | - | - | - | - | €4k | - |
| Operating profit (loss)9901 | €-44k | €1.11M | €-429k | €-459k | €-48k | ▲ 89.5% |
| Financial income75/76B | €11k | €416 | €13 | €0 | - | - |
| Recurring financial income75 | €11k | €416 | €13 | €0 | - | - |
| Income from current assets751 | - | - | €13 | - | - | - |
| Other financial income752/9 | €11k | €416 | €0 | €0 | - | - |
| Financial charges65/66B | €4k | €123k | €11k | €95k | €199k | ▲ 110% |
| Recurring financial charges65 | €4k | €119k | €11k | €95k | €199k | ▲ 110% |
| Debt charges650 | €2k | €108k | €0 | €86k | €192k | ▲ 124% |
| Other financial charges652/9 | €2k | €11k | €11k | €9k | €7k | ▼ 24.3% |
| Non-recurring financial charges66B | - | €4k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-37k | €991k | €-440k | €-554k | €-247k | ▲ 55.3% |
| Income taxes67/77 | €1k | €33 | €4k | €838 | €558 | ▼ 33.5% |
| Taxes670/3 | €1k | €33 | €4k | €838 | €558 | ▼ 33.5% |
| Profit (loss) for the period9904 | €-38k | €991k | €-443k | €-555k | €-248k | ▲ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €991k | €-443k | €-555k | €-248k | ▲ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153.13M | €24.37M | €47.91M | €84.00M | €103.82M | ▲ 23.6% |
| Fixed assets21/28 | €1.42M | €1.18M | €969k | €4.35M | €3.70M | ▼ 14.9% |
| Intangible fixed assets21 | €128k | €81k | €46k | €15k | €6k | ▼ 60.0% |
| Tangible fixed assets22/27 | €1.28M | €1.08M | €912k | €666k | €414k | ▼ 37.9% |
| Land and buildings22 | €378k | €370k | €361k | €353k | €344k | ▼ 2.4% |
| Furniture and vehicles24 | €47k | €37k | €93k | €73k | €20k | ▼ 72.2% |
| Other tangible fixed assets26 | €852k | €676k | €458k | €240k | €49k | ▼ 79.5% |
| Financial fixed assets28 | €12k | €14k | €12k | €3.67M | €3.28M | ▼ 10.5% |
| Affiliated companies280/1 | €5k | - | - | €3.66M | €3.27M | ▼ 10.6% |
| Participating interests280 | €5k | - | - | €3.66M | €3.27M | ▼ 10.6% |
| Other financial fixed assets284/8 | €7k | €14k | €12k | €14k | €14k | = |
| Shares284 | - | €10k | €10k | €10k | €10k | = |
| Amounts receivable and cash guarantees285/8 | €7k | €4k | €2k | €4k | €4k | = |
| Current assets29/58 | €151.71M | €23.20M | €46.94M | €79.65M | €100.12M | ▲ 25.7% |
| Stocks and contracts in progress3 | €149.83M | €22.57M | €42.63M | €74.06M | €89.99M | ▲ 21.5% |
| Stocks30/36 | €149.83M | €22.57M | €42.63M | €74.06M | €86.88M | ▲ 17.3% |
| Property held for sale35 | €149.83M | €22.57M | €42.63M | €74.06M | €86.88M | ▲ 17.3% |
| Contracts in progress37 | - | - | - | - | €3.11M | - |
| Amounts receivable within one year40/41 | €1.72M | €514k | €4.20M | €5.53M | €9.28M | ▲ 68.0% |
| Trade receivables40 | €999k | €106k | €3.79M | €5.19M | €9.16M | ▲ 76.6% |
| Other amounts receivable41 | €718k | €408k | €414k | €338k | €118k | ▼ 65.1% |
| Cash at bank and in hand54/58 | €139k | €117k | €111k | €64k | €844k | ▲ 1,227% |
| Deferred charges and accrued income490/1 | €28k | €411 | €2k | €4k | €5k | ▲ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153.13M | €24.37M | €47.91M | €84.00M | €103.82M | ▲ 23.6% |
| Equity10/15 | €-4.08M | €-3.09M | €306k | €-249k | €-497k | ▼ 99.6% |
| Contributions10/11 | €1.58M | €1.58M | €750k | €750k | €750k | = |
| Capital10 | €1.58M | €1.58M | €750k | €750k | €750k | = |
| Issued capital100 | €1.92M | €1.92M | €750k | €750k | €750k | = |
| Uncalled capital101 | €340k | €340k | - | - | - | - |
| Profit (loss) carried forward14 | €-5.66M | €-4.67M | €-444k | €-999k | €-1.25M | ▼ 24.8% |
| Provisions and deferred taxes16 | €350k | €350k | €350k | - | - | - |
| Provisions for liabilities and charges160/5 | €350k | €350k | €350k | - | - | - |
| Other liabilities and charges164/5 | €350k | €350k | €350k | - | - | - |
| Amounts payable17/49 | €156.86M | €27.12M | €47.26M | €84.25M | €104.32M | ▲ 23.8% |
| Amounts payable after more than one year17 | - | - | €15.85M | €4.08M | €6.25M | ▲ 53.0% |
| Financial debts170/4 | - | - | €15.85M | €4.08M | €6.25M | ▲ 53.0% |
| Credit institutions173 | - | - | €15.85M | - | - | - |
| Other loans174 | - | - | - | €4.08M | €6.25M | ▲ 53.0% |
| Amounts payable within one year42/48 | €156.86M | €27.12M | €31.41M | €80.17M | €98.07M | ▲ 22.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32.64M | €37.00M | ▲ 13.4% |
| Financial debts43 | €26.55M | - | - | - | - | - |
| Credit institutions430/8 | €26.55M | - | - | - | - | - |
| Trade debts44 | €4.40M | €12.53M | €8.40M | €8.98M | €8.39M | ▼ 6.5% |
| Suppliers440/4 | €4.40M | €12.53M | €8.40M | €8.98M | €8.39M | ▼ 6.5% |
| Advances received on contracts in progress46 | €1.06M | - | €28k | €28k | €3.10M | ▲ 10,982% |
| Taxes, remuneration and social security45 | €521k | €465k | €502k | €528k | €888k | ▲ 68.2% |
| Taxes450/3 | €449k | €449k | €448k | €448k | €825k | ▲ 84.1% |
| Remuneration and social security454/9 | €72k | €16k | €54k | €79k | €63k | ▼ 21.2% |
| Other amounts payable47/48 | €124.33M | €14.12M | €22.48M | €38.00M | €48.69M | ▲ 28.1% |
| Accrued charges and deferred income492/3 | €3k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €991k | €-443k | €-555k | €-248k | ▲ 55.3% |
| + Depreciation and write-downs630 | €292k | €289k | €285k | €293k | €239k | ▼ 18.2% |
| Operating cash flow (approximation) | €253k | €1.28M | €-158k | €-262k | €-9k | ▲ 96.7% |
| Investment in fixed assets (approximation) | - | €-49k | €-77k | €-3.67M | €408k | ▲ 111% |
| Change in cash | - | €-23k | €-6k | €-47k | €780k | ▲ 1,745% |
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
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C2473/00B000 | Flanders | 3,340 m² | 1 · 558 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,049 EUR awarded · 1,049 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 495 EUR |
| 2022 | 1 | 1,049 EUR | 554 EUR |
Similar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.