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iret development

Active
Public limited companyfounded 200718 yrs activeLange Gasthuisstraat 35-37, 2000 Antwerpen, BelgiumKBO/BCE: BE 0894.404.732
Summary

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).

Checked score

Score 2025
Axes · tick = 2024
Profitability27▲+15
Solvency25=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.02 against 0.99 in 2024; short-term debt: 94.5% and cash: 0.8% of total assets), and equity is negative.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €-497k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
20 d early
2023
33 d early
2022
18 d early
2021
25 d early
2020
47 d early
2019
21 d early
← 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

Financials · fiscal year 2025, full schema

Turnover
€10.24M▲ 720%
2024 · €1.25M
2018: €35.11M 2019: €71.22M▲ +103% vs 2018 2020: €227k▼ -99.7% vs 2019lowest in 8 years 2021: €14.75M▲ +6403% vs 2020 2022: €173.48M▲ +1076% vs 2021highest in 8 years 2023: €4.05M▼ -97.7% vs 2022 2024: €1.25M▼ -69.1% vs 2023 2025: €10.24M▲ +720% vs 2024
2018 → 2025
EBIT margin
-0.5%▲ 36.3pp
2024 · -36.8%
2018: 2.5%highest in 8 years 2019: 0.3%▼ -89.2% vs 2018 2020: -641.4%▼ -233198% vs 2019lowest in 8 years 2021: -0.3%▲ +100.0% vs 2020 2022: 0.6%▲ +315% vs 2021 2023: -10.6%▼ -1752% vs 2022 2024: -36.8%▼ -247% vs 2023 2025: -0.5%▲ +98.7% vs 2024
2018 → 2025
Net result
€-248k▲ 55.3%
2024 · €-555k
2018: €397k 2019: €267k▼ -32.6% vs 2018 2020: €-1.50M▼ -662% vs 2019lowest in 8 years 2021: €-38k▲ +97.4% vs 2020 2022: €991k▲ +2677% vs 2021highest in 8 years 2023: €-443k▼ -145% vs 2022 2024: €-555k▼ -25.1% vs 2023 2025: €-248k▲ +55.3% vs 2024
2018 → 2025
Working capital
€2.05M
2024 · €-517k
2018: €-4.49M 2019: €-4.12M▲ +8.3% vs 2018 2020: €-5.39M▼ -30.9% vs 2019lowest in 8 years 2021: €-5.15M▲ +4.5% vs 2020 2022: €-3.92M▲ +23.9% vs 2021 2023: €15.54M▲ +497% vs 2022highest in 8 years 2024: €-517k▼ -103% vs 2023 2025: €2.05M▲ +496% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€14.75M-€173.48M▲ 1,076%€4.05M▼ 97.7%€1.25M▼ 69.1%€10.24M▲ 720% 2021: €14.75M 2022: €173.48M▲ +1076% vs 2021highest in 5 years 2023: €4.05M▼ -97.7% vs 2022 2024: €1.25M▼ -69.1% vs 2023lowest in 5 years 2025: €10.24M▲ +720% vs 2024
Equity€-4.08M-€-3.09M▲ 24.3%€306k€-249k€-497k▼ 99.6% 2021: €-4.08Mlowest in 5 years 2022: €-3.09M▲ +24.3% vs 2021 2023: €306k▲ +110% vs 2022highest in 5 years 2024: €-249k▼ -181% vs 2023 2025: €-497k▼ -99.6% vs 2024
Operating result€-44k-€1.11M€-429k€-459k▼ 7.0%€-48k▲ 89.5% 2021: €-44k 2022: €1.11M▲ +2630% vs 2021highest in 5 years 2023: €-429k▼ -139% vs 2022 2024: €-459k▼ -7.0% vs 2023lowest in 5 years 2025: €-48k▲ +89.5% vs 2024
Net result€-38k-€991k€-443k€-555k▼ 25.1%€-248k▲ 55.3% 2021: €-38k 2022: €991k▲ +2677% vs 2021highest in 5 years 2023: €-443k▼ -145% vs 2022 2024: €-555k▼ -25.1% vs 2023lowest in 5 years 2025: €-248k▲ +55.3% vs 2024
Result per fiscal year
Operating resultNet result
€-1.00M€-500k€0€500k€1.00MOperating result 2021: €-44k€-44kNet result 2021: €-38k€-38kOperating result 2022: €1.11M€1.11MNet result 2022: €991k€991kOperating result 2023: €-429k€-429kNet result 2023: €-443k€-443kOperating result 2024: €-459k€-459kNet result 2024: €-555k€-555kOperating result 2025: €-48k€-48kNet result 2025: €-248k€-248k20212022202320242025€-600k€-400k€-200k€0Operating result 2023: €-429k€-429kNet result 2023: €-443k€-443kOperating result 2024: €-459k€-459kNet result 2024: €-555k€-555kOperating result 2025: €-48k€-48kNet result 2025: €-248k€-248k202320242025
The operating result stays negative: a loss of €48k in 2025 against €459k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103.82M
Fixed assets €3.70M ▼ 14.9%
Current assets €100.12M ▲ 25.7%
Key figures and ratios
2025 value · change against 2024
EBITDA
€191k▲
2024 · €-166k
Cash flow
€-9k▲
2024 · €-262k
Solvency
-0.5%▼
2024 · -0.3%
Current ratio
1.02▲
2024 · 0.99
Quick ratio
0.10▲
2024 · 0.07
ROA
-0.2%▲
2024 · -0.7%
Interest coverage
0.99▲
2024 · -1.94
Debt
€104.32M▲
2024 · €84.25M
Debt ≤ 1 year
€98.07M▲
2024 · €80.17M
Debt > 1 year
€6.25M▲
2024 · €4.08M
Income taxes
€558▼
2024 · €838
Staff costs
€584k▼
2024 · €772k
A ratio outside any meaningful range has been withheld (balance sheet total €103.82M, equity €-497k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 73 lines
Balance sheet Code20242025
Assets
Total assets20/58€84.00M€103.82M▲
Fixed assets21/28€4.35M€3.70M▼
Intangible fixed assets21€15k€6k▼
Tangible fixed assets22/27€666k€414k▼
Land and buildings22€353k€344k▼
Furniture and vehicles24€73k€20k▼
Other tangible fixed assets26€240k€49k▼
Financial fixed assets28€3.67M€3.28M▼
Affiliated companies280/1€3.66M€3.27M▼
Participating interests280€3.66M€3.27M▼
Other financial fixed assets284/8€14k€14k=
Shares284€10k€10k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€79.65M€100.12M▲
Stocks and contracts in progress3€74.06M€89.99M▲
Stocks30/36€74.06M€86.88M▲
Property held for sale35€74.06M€86.88M▲
Contracts in progress37-€3.11M
Amounts receivable within one year40/41€5.53M€9.28M▲
Trade receivables40€5.19M€9.16M▲
Other amounts receivable41€338k€118k▼
Cash at bank and in hand54/58€64k€844k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€84.00M€103.82M▲
Equity10/15€-249k€-497k▼
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Profit (loss) carried forward14€-999k€-1.25M▼
Amounts payable17/49€84.25M€104.32M▲
Amounts payable after more than one year17€4.08M€6.25M▲
Financial debts170/4€4.08M€6.25M▲
Other loans174€4.08M€6.25M▲
Amounts payable within one year42/48€80.17M€98.07M▲
Current portion of amounts payable after more than one year42€32.64M€37.00M▲
Trade debts44€8.98M€8.39M▼
Suppliers440/4€8.98M€8.39M▼
Advances received on contracts in progress46€28k€3.10M▲
Taxes, remuneration and social security45€528k€888k▲
Taxes450/3€448k€825k▲
Remuneration and social security454/9€79k€63k▼
Other amounts payable47/48€38.00M€48.69M▲
Income statement Code20242025
Operating income70/76A€6.93M€14.50M▲
Turnover70€1.25M€10.24M▲
Other operating income74€5.58M€4.17M▼
Non-recurring operating income76A€98k€83k▼
Operating charges60/66A€7.39M€14.54M▲
Goods for resale, raw materials and consumables60€1.69M€8.84M▲
Purchases600/8€30.26M€20.39M▼
Change in stocks: decrease (increase)609€-28.57M€-11.54M▲
Services and other goods61€4.76M€4.84M▲
Remuneration, social security and pensions62€772k€584k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€293k€239k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-350k-
Other operating charges640/8€230k€27k▼
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€-459k€-48k▲
Financial income75/76B€0-
Recurring financial income75€0-
Other financial income752/9€0-
Financial charges65/66B€95k€199k▲
Recurring financial charges65€95k€199k▲
Debt charges650€86k€192k▲
Other financial charges652/9€9k€7k▼
Profit (loss) for the period before taxes9903€-554k€-247k▲
Income taxes67/77€838€558▼
Taxes670/3€838€558▼
Profit (loss) for the period9904€-555k€-248k▲
Profit (loss) for the period to be appropriated9905€-555k€-248k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-999k€-1.25M▼
Profit (loss) brought forward from the previous period14P€-444k€-999k▼
Social balance
Average headcount (FTE)90876.55.7▼

The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
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%
Line20212022202320242025Change
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-----
Line20212022202320242025Change
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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €200kEq €306k
Equity rises from €-3.09M to €306k.
13-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €991k
Net result €991k after 2 loss-making years.
06-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €-1.50M
Net result drops to €-1.50M, the lowest in the series; recovery starts the following year.
10-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
24-07
State Gazette act Demerger · Real estate
Share issue
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
16 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, Antwerpen · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
3,340 m²
Building footprint
558 m²
Volume, LiDAR
6,397 m³
Parcel 11803C2473/00B000, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Lange Gasthuisstraat 35-37, 2000 Antwerpen
Real estate development
since 20172.263.582.003
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11803C2473/00B000
ProtectedCultural-historical landscape · MonumentKruidtuin en Hotel Della FailleSource ↗
Flanders 3,340 m² 1 · 558 m² 16.5 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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.

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 1,049 EUR awarded · 1,049 EUR paid
Year Entries awardedpaid
2023 1 0 EUR495 EUR
2022 1 1,049 EUR554 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
2 entries · 1,049 EUR · 1,049 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 1,292 companies in sector 68122 we hold annual accounts for 901. 591 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded21-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
71121Engineering and related technical consultancy, excluding land surveyors

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

Business parks

1 park
Offers parcels on business park:Machelen-Viaduct
Machelen · 2 parcels