iRetailCheck
ActiveSummary
iRetailCheck has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€364,789) and a net result of €5,320. Equity is shrinking by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 201 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+7
Solvency0▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.63 in 2024; short-term debt: 80.6% and cash: 0.3% of total assets), and equity is negative.
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Signals
Four 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% 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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 201 sector peers (2025).
NBB · sector comparisonPosition among 201 sector peers
Solvency
better than 13%
← 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 03-08-2026, 3 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
3 d late
2024
3 d early
2023
37 d early
2022
22 d late
2021
34 d early
2020
5 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€364,789▲ 1.4%
2024 · -€370,109
Total assets
€1.4m▼ 11.9%
2024 · €1.6m
Net result
€5,320
2024 · -€88,752
Working capital
-€502,266▼ 3.4%
2024 · -€485,692
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€61,380▲ 43.2%-€85,806▼ 39.8%-€47,643▲ 44.5%-€86,562▼ 81.7%€6,535
Net result-€63,432below the sector's middle half▲ 43.9%-€86,050below the sector's middle half▼ 35.7%-€49,511below the sector's middle half▲ 42.5%-€88,752below the sector's middle half▼ 79.3%€5,320within the sector's middle half
Equity-€145,797below the sector's middle half▼ 77.0%-€231,846below the sector's middle half▼ 59.0%-€281,357below the sector's middle half▼ 21.4%-€370,109below the sector's middle half▼ 31.5%-€364,789below the sector's middle half▲ 1.4%
Total assets€277,064within the sector's middle half▼ 7.8%€207,380within the sector's middle half▼ 25.2%€1.1mabove the sector's middle half▲ 449%€1.6mabove the sector's middle half▲ 39.3%€1.4mabove the sector's middle half▼ 11.9%
Debt€422,861▲ 10.4%€439,226▲ 3.9%€1.4m▲ 223%€2.0m▲ 37.7%€1.8m▼ 9.9%
Working capital-€223,045below the sector's middle half▼ 12.3%-€127,255below the sector's middle half▲ 42.9%-€131,147below the sector's middle half▼ 3.1%-€485,692below the sector's middle half▼ 270%-€502,266below the sector's middle half▼ 3.4%
Solvency-52.6%below the sector's middle half▼ 25.2pp-111.8%below the sector's middle half▼ 59.2pp-24.7%below the sector's middle half▲ 87.1pp-23.3%below the sector's middle half▲ 1.4pp-26.1%below the sector's middle half▼ 2.8pp
Current ratio0.47below the sector's middle half▲ 0.010.50below the sector's middle half▲ 0.030.83below the sector's middle half▲ 0.330.63below the sector's middle half▼ 0.200.55below the sector's middle half▼ 0.08
Return on assets (ROA)-22.9%below the sector's middle half▲ 14.7pp-41.5%below the sector's middle half▼ 18.6pp-4.3%within the sector's middle half▲ 37.1pp-5.6%below the sector's middle half▼ 1.2pp0.4%within the sector's middle half▲ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,535 after a loss of €86,562 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€773,011 ▲ 3.3%
Current assets
€624,558 ▼ 25.4%
Key figures and ratios
EBITDA
€184,977▲
2024 · €19,391
Cash flow
€183,761▲
2024 · €17,202
Debt to equity
-4.83▲
2024 · -5.29
Interest coverage
152.10▲
2024 · 8.79
Debt ≤ 1 year
€1.1m▼
2024 · €1.3m
Debt > 1 year
€630,000=
2024 · €630,000
Staff costs
€54,249▲
2024 · €54,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
3.8%
went bankrupt
1.7%
stopped otherwise
94%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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%.
| 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 522 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,786 | €55,416 | €54,210 | €54,249 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,938 | €47,978 | €24,005 | €105,954 | €178,442 | ▲ 68.4% |
| Other operating charges640/8 | €649 | €388 | €109 | €867 | €120 | ▼ 86.2% |
| Gross operating margin9900 | €31,207 | -€34,653 | €31,887 | €74,468 | €239,346 | ▲ 221% |
| Operating profit (loss)9901 | -€61,380 | -€85,806 | -€47,643 | -€86,562 | €6,535 | ▲ 108% |
| Financial income75/76B | - | - | €57 | €18 | €0 | ▼ 97.6% |
| Recurring financial income75 | - | - | €57 | €18 | €0 | ▼ 97.6% |
| Financial charges65/66B | €2,052 | €244 | €1,925 | €2,207 | €1,216 | ▼ 44.9% |
| Recurring financial charges65 | €2,052 | €244 | €1,925 | €2,207 | €1,216 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | -€63,432 | -€86,050 | -€49,511 | -€88,752 | €5,320 | ▲ 106% |
| Profit (loss) for the period9904 | -€63,432 | -€86,050 | -€49,511 | -€88,752 | €5,320 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€63,432 | -€86,050 | -€49,511 | -€88,752 | €5,320 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €277,064 | €207,380 | €1.1m | €1.6m | €1.4m | ▼ 11.9% |
| Fixed assets21/28 | €77,248 | €79,897 | €481,854 | €748,404 | €773,011 | ▲ 3.3% |
| Intangible fixed assets21 | €76,301 | €78,117 | €479,805 | €747,102 | €768,460 | ▲ 2.9% |
| Tangible fixed assets22/27 | €947 | €1,780 | €2,050 | €1,302 | €4,551 | ▲ 249% |
| Plant, machinery and equipment23 | - | - | - | - | €3,698 | - |
| Furniture and vehicles24 | €947 | €1,780 | €2,050 | €1,302 | €853 | ▼ 34.5% |
| Current assets29/58 | €199,816 | €127,483 | €656,931 | €837,666 | €624,558 | ▼ 25.4% |
| Amounts receivable within one year40/41 | €179,686 | €124,138 | €636,670 | €628,751 | €451,686 | ▼ 28.2% |
| Trade receivables40 | €179,686 | €123,524 | €599,370 | €628,751 | €451,585 | ▼ 28.2% |
| Other amounts receivable41 | - | €614 | €37,301 | - | €101 | - |
| Cash at bank and in hand54/58 | €20,130 | €3,310 | €20,170 | €1,089 | €4,697 | ▲ 331% |
| Deferred charges and accrued income490/1 | - | €35 | €91 | €207,826 | €168,175 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €277,064 | €207,380 | €1.1m | €1.6m | €1.4m | ▼ 11.9% |
| Equity10/15 | -€145,797 | -€231,846 | -€281,357 | -€370,109 | -€364,789 | ▲ 1.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €21,333 | €21,333 | €21,333 | €21,333 | €21,333 | = |
| Distributable reserves133 | €21,333 | €21,333 | €21,333 | €21,333 | €21,333 | = |
| Profit (loss) carried forward14 | -€173,329 | -€259,379 | -€308,890 | -€397,642 | -€392,322 | ▲ 1.3% |
| Amounts payable17/49 | €422,861 | €439,226 | €1.4m | €2.0m | €1.8m | ▼ 9.9% |
| Amounts payable after more than one year17 | - | €180,000 | €630,000 | €630,000 | €630,000 | = |
| Financial debts170/4 | - | €180,000 | €630,000 | €630,000 | €630,000 | = |
| Amounts payable within one year42/48 | €422,861 | €254,737 | €788,079 | €1.3m | €1.1m | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €11,986 | - | - | - | - | - |
| Trade debts44 | €92,624 | €102,282 | €759,141 | €1.3m | €1.1m | ▼ 16.5% |
| Suppliers440/4 | €92,624 | €102,282 | €759,141 | €1.3m | €1.1m | ▼ 16.5% |
| Advances received on contracts in progress46 | €106,218 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €17,307 | €23,820 | €2,383 | €7,850 | €24,061 | ▲ 207% |
| Taxes450/3 | €17,307 | €23,820 | €2,129 | €1,047 | €12,750 | ▲ 1,118% |
| Remuneration and social security454/9 | - | - | €253 | €6,803 | €11,310 | ▲ 66.3% |
| Other amounts payable47/48 | €194,726 | €128,635 | €26,555 | €26,646 | €26,606 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | €4,489 | €2,064 | €2,821 | €5,534 | ▲ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€63,432 | -€86,050 | -€49,511 | -€88,752 | €5,320 | ▲ 106% |
| + Depreciation and write-downs630 | €91,938 | €47,978 | €24,005 | €105,954 | €178,442 | ▲ 68.4% |
| Operating cash flow (approximation) | €28,506 | -€38,072 | -€25,505 | €17,202 | €183,761 | ▲ 968% |
| Investment in fixed assets (approximation) | - | -€50,627 | -€425,963 | -€372,504 | -€203,048 | ▲ 45.5% |
| Change in cash | - | -€16,820 | €16,860 | -€19,080 | €3,608 | ▲ 119% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €5,320
Net result €5,320 after 5 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€113,123
Net result drops to -€113,123, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €17,255 ▲151%
Operating result €16,624, net result €17,255, 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
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wijnegem · 1 establishment unit since 2013
Ground area
3,604 m²
Building footprint
1,565 m²
Volume, LiDAR
7,278 m³
Parcel 11050A0062/00H002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
iRetailCheck
since 20132.223.886.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0062/00H002 | Flanders | 3,604 m² | 1 · 1,565 m² | 6.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
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Of 248 companies in sector 26110 we hold annual accounts for 182. 70 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
Founded28-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
26510Manufacture of computer, electronic and optical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537905085
Also
9925:BE0537905085
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.