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Iridium

Active
Private limited companyfounded 20214 yrs activeAmelia Earhartlaan 19, 9051 Gent, BelgiumKBO/BCE: BE 0778.397.779
Summary

The computed 12-month bankruptcy probability of Iridium is 2.6% (moderate). The 2025 annual accounts show equity of €425,526 and a net result of -€4,960. Equity remains stable across the filed fiscal years (±2% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-4
Solvency100▲+41
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.99 in 2024; short-term debt: 6.1% of total assets), and 6.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
93.9%
Return on assets
-1.1%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
18 d early
2024
60 d late
2023
5 d early
2022
70 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 August (3 of the last 4 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

History

On 9 December 2021, Iridium was incorporated as a Private limited company.1 Total assets went from EUR 1.4 million in 2022 to EUR 453,066 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€425,526▼ 1.2%
2024 · €430,487
Total assets
€453,066▼ 64.6%
2024 · €1.3m
Net result
-€4,960
2024 · €5,783
Working capital
-€11,824▼ 72.3%
2024 · -€6,863
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
Line2022202320242025
Operating result-€7,738--€2,855▲ 63.1%-€2,852▲ 0.1%-€2,678▲ 6.1%
Net result-€8,088-€32,792€5,783▼ 82.4%-€4,960
Equity€391,912-€424,704▲ 8.4%€430,487▲ 1.4%€425,526▼ 1.2%
Total assets€1.4m-€1.2m▼ 14.3%€1.3m▲ 3.9%€453,066▼ 64.6%
Debt€1.0m-€807,646▼ 22.8%€849,563▲ 5.2%€27,540▼ 96.8%
Working capital-€45,438--€12,646▲ 72.2%-€6,863▲ 45.7%-€11,824▼ 72.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2022: -€7,738-€7,738Net result 2022: -€8,088-€8,088Operating result 2023: -€2,855-€2,855Net result 2023: €32,792€32,792Operating result 2024: -€2,852-€2,852Net result 2024: €5,783€5,783Operating result 2025: -€2,678-€2,678Net result 2025: -€4,960-€4,9602022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: -€2,855-€2,850Net result 2023: €32,792€32,800Operating result 2024: -€2,852-€2,850Net result 2024: €5,783€5,780Operating result 2025: -€2,678-€2,680Net result 2025: -€4,960-€4,960202320242025
The operating result stays negative: a loss of €2,678 in 2025 against €2,852 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453,066
Fixed assets €437,350 =
Current assets €15,716 ▼ 98.1%
Equity and liabilities €453,066
Equity €425,526 ▼ 1.2%
Debt €27,540 ▼ 96.8%
Debt's share of the balance-sheet total falls from 66.4% to 6.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.57▼
2024 · 0.99
Debt to equity
0.06▼
2024 · 1.97
ROE
-1.2%▼
2024 · 1.3%
ROA
-1.1%▼
2024 · 0.5%
Debt ≤ 1 year
€27,540▼
2024 · €849,563
Income taxes
€0▼
2024 · €2,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 480 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.3m€453,066▼
Fixed assets21/28€437,350€437,350=
Tangible fixed assets22/27€437,350€437,350=
Other tangible fixed assets26€437,350€437,350=
Current assets29/58€842,700€15,716▼
Amounts receivable after more than one year29€842,700€0▼
Other amounts receivable291€842,700€0▼
Amounts receivable within one year40/41-€15,716
Other amounts receivable41-€15,716
Equity and liabilities
Total equity and liabilities10/49€1.3m€453,066▼
Equity10/15€430,487€425,526▼
Contributions10/11€400,000€400,000=
Profit (loss) carried forward14€30,487€25,526▼
Amounts payable17/49€849,563€27,540▼
Amounts payable within one year42/48€849,563€27,540▼
Trade debts44€1,333€1,338▲
Suppliers440/4€1,333€1,338▲
Taxes, remuneration and social security45€9,535€542▼
Taxes450/3€9,535€542▼
Other amounts payable47/48€838,695€25,660▼
Income statement Code20242025
Other operating charges640/8€1,640€1,181▼
Gross operating margin9900-€1,212-€1,497▼
Operating profit (loss)9901-€2,852-€2,678▲
Financial income75/76B€47,700€23,720▼
Recurring financial income75€47,700€23,720▼
Financial charges65/66B€37,023€26,003▼
Recurring financial charges65€37,023€26,003▼
Profit (loss) for the period before taxes9903€7,825-€4,960▼
Income taxes67/77€2,042€0▼
Profit (loss) for the period9904€5,783-€4,960▼
Profit (loss) for the period to be appropriated9905€5,783-€4,960▼
Appropriation of the result
Profit (loss) to be appropriated9906€30,487€25,526▼
Profit (loss) brought forward from the previous period14P€24,704€30,487▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€348€391€1,640€1,181▼ 28.0%
Gross operating margin9900-€7,390-€2,464-€1,212-€1,497▼ 23.6%
Operating profit (loss)9901-€7,738-€2,855-€2,852-€2,678▲ 6.1%
Financial income75/76B-€45,000€47,700€23,720▼ 50.3%
Recurring financial income75-€45,000€47,700€23,720▼ 50.3%
Financial charges65/66B€351€360€37,023€26,003▼ 29.8%
Recurring financial charges65€351€360€37,023€26,003▼ 29.8%
Profit (loss) for the period before taxes9903-€8,088€41,785€7,825-€4,960▼ 163%
Income taxes67/77-€8,993€2,042€0▼ 100%
Profit (loss) for the period9904-€8,088€32,792€5,783-€4,960▼ 186%
Profit (loss) for the period to be appropriated9905-€8,088€32,792€5,783-€4,960▼ 186%
Line2022202320242025Change
Assets
Total assets20/58€1.4m€1.2m€1.3m€453,066▼ 64.6%
Fixed assets21/28€437,350€437,350€437,350€437,350=
Tangible fixed assets22/27€437,350€437,350€437,350€437,350=
Other tangible fixed assets26€437,350€437,350€437,350€437,350=
Current assets29/58€1.0m€795,000€842,700€15,716▼ 98.1%
Amounts receivable after more than one year29€750,000€795,000€842,700€0▼ 100%
Other amounts receivable291€750,000€795,000€842,700€0▼ 100%
Amounts receivable within one year40/41---€15,716-
Other amounts receivable41---€15,716-
Cash at bank and in hand54/58€250,062€0---
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.2m€1.3m€453,066▼ 64.6%
Equity10/15€391,912€424,704€430,487€425,526▼ 1.2%
Contributions10/11€400,000€400,000€400,000€400,000=
Profit (loss) carried forward14-€8,088€24,704€30,487€25,526▼ 16.3%
Amounts payable17/49€1.0m€807,646€849,563€27,540▼ 96.8%
Amounts payable within one year42/48€1.0m€807,646€849,563€27,540▼ 96.8%
Trade debts44-€238€1,333€1,338▲ 0.3%
Suppliers440/4-€238€1,333€1,338▲ 0.3%
Taxes, remuneration and social security45-€8,993€9,535€542▼ 94.3%
Taxes450/3-€8,993€9,535€542▼ 94.3%
Other amounts payable47/48€1.0m€798,416€838,695€25,660▼ 96.9%
Line2022202320242025Change
Profit (loss) for the period9904-€8,088€32,792€5,783-€4,960▼ 186%
Operating cash flow (approximation)-€8,088€32,792€5,783-€4,960▼ 186%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash--€250,062---

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
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €32,792
Net result €32,792 after one loss-making year.
09-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,091 m²
Building footprint
864 m²
Volume, LiDAR
1,469 m³
Parcel 44062A0172/00S000, Flanders · tallest building 3.4 m, ±1 floor. Linked by address, not a title deed.
12 companies at this address See who is registered here
1 establishment unit
Iridium
Amelia Earhartlaan 19, 9051 GentReal estate activities
since 20212.325.387.334
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062A0172/00S000 Flanders 3,091 m² 1 · 864 m² 3.4 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded09-12-2021
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0778397779
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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