IRINIA
ActiveThe file of IRINIA contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 10.0% (elevated). The 2025 annual accounts show negative equity (-€76,012) and a net result of -€85,530. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 18606 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-81
Solvency1▼-28
Growth32=
Track record60
Bankruptcy probability, 12 months
10.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.9 in 2024; short-term debt: 124.4% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-24.4%
Return on assets
-27.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€76,012
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
50 d late
2023
91 d late
2022
18 d late
2021
16 d late
2020
19 d late
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 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 18 August (4 of the last 5 filed years within 74 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€76,012
2024 · €9,518
Total assets
€312,152▲ 19.2%
2024 · €261,768
Net result
-€85,530
2024 · €26,662
Working capital
-€100,022▼ 287%
2024 · -€25,838
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,782▼ 81.6%-€29,419-€85,693▼ 191%€29,557-€82,242
Net result€7,989within the sector's middle half▼ 81.1%-€73,152below the sector's middle half-€83,201below the sector's middle half▼ 13.7%€26,662above the sector's middle half-€85,530below the sector's middle half
Equity€139,209above the sector's middle half▲ 6.1%€66,057within the sector's middle half▼ 52.5%-€17,144below the sector's middle half€9,518within the sector's middle half-€76,012below the sector's middle half
Total assets€325,753above the sector's middle half▼ 4.9%€339,329above the sector's middle half▲ 4.2%€326,500above the sector's middle half▼ 3.8%€261,768within the sector's middle half▼ 19.8%€312,152within the sector's middle half▲ 19.2%
Debt€180,285▼ 10.9%€269,696▲ 49.6%€343,644▲ 27.4%€252,250▼ 26.6%€388,164▲ 53.9%
Working capital€76,225within the sector's middle half▲ 28.1%€15,016within the sector's middle half▼ 80.3%-€63,483below the sector's middle half-€25,838below the sector's middle half▲ 59.3%-€100,022below the sector's middle half▼ 287%
Solvency42.7%within the sector's middle half▲ 4.4pp19.5%within the sector's middle half▼ 23.3pp-5.3%below the sector's middle half▼ 24.7pp3.6%within the sector's middle half▲ 8.9pp-24.4%below the sector's middle half▼ 28.0pp
Current ratio1.42within the sector's middle half▲ 0.131.06within the sector's middle half▼ 0.370.82below the sector's middle half▼ 0.240.90within the sector's middle half▲ 0.080.74below the sector's middle half▼ 0.16
Return on assets (ROA)2.5%within the sector's middle half▼ 9.9pp-21.6%below the sector's middle half▼ 24.0pp-25.5%below the sector's middle half▼ 3.9pp10.2%within the sector's middle half▲ 35.7pp-27.4%below the sector's middle half▼ 37.6pp
Staff (FTE)4.3▲ 26.5%4.8▲ 11.6%5▲ 4.2%5=5.2▲ 4.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 turns negative in 2025: a loss of €82,242 after €29,557 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312,152
Fixed assets
€24,010 ▼ 32.1%
Current assets
€288,142 ▲ 27.3%
Key figures and ratios
EBITDA
-€70,896▼
2024 · €41,882
Cash flow
-€74,184▼
2024 · €38,988
Quick ratio
0.07▼
2024 · 0.17
Debt to equity
-5.11▼
2024 · 26.50
Interest coverage
-30.94▼
2024 · 15.66
Debt ≤ 1 year
€388,164▲
2024 · €252,250
Income taxes
€1,323▲
2024 · €800
Staff costs
€146,226▼
2024 · €153,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.0% 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%.
| 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 6,639 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 | €85,215 | €101,706 | €137,827 | €153,952 | €146,226 | ▼ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,117 | €15,214 | €11,740 | €12,325 | €11,346 | ▼ 7.9% |
| Other operating charges640/8 | €1,155 | €1,136 | €20,793 | €485 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €76,362 | - |
| Gross operating margin9900 | €117,269 | €88,637 | €84,667 | €196,320 | €151,693 | ▼ 22.7% |
| Operating profit (loss)9901 | €12,782 | -€29,419 | -€85,693 | €29,557 | -€82,242 | ▼ 378% |
| Financial income75/76B | €930 | €1,147 | €2,329 | €579 | €326 | ▼ 43.7% |
| Recurring financial income75 | €930 | €1,147 | €2,329 | €579 | €326 | ▼ 43.7% |
| Financial charges65/66B | €3,315 | €47,563 | €3,414 | €2,674 | €2,291 | ▼ 14.3% |
| Recurring financial charges65 | €2,976 | €1,730 | €3,414 | €2,674 | €2,291 | ▼ 14.3% |
| Non-recurring financial charges66B | €339 | €45,833 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,398 | -€75,835 | -€86,778 | €27,463 | -€84,207 | ▼ 407% |
| Transfer from deferred taxes780 | €2,683 | €2,683 | €3,577 | - | - | - |
| Income taxes67/77 | €5,091 | - | - | €800 | €1,323 | ▲ 65.4% |
| Profit (loss) for the period9904 | €7,989 | -€73,152 | -€83,201 | €26,662 | -€85,530 | ▼ 421% |
| Transfer from tax-exempt reserves789 | €10,731 | €10,731 | €427,335 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €18,720 | -€62,421 | €344,135 | €26,662 | -€85,530 | ▼ 421% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,753 | €339,329 | €326,500 | €261,768 | €312,152 | ▲ 19.2% |
| Fixed assets21/28 | €69,832 | €54,618 | €46,339 | €35,357 | €24,010 | ▼ 32.1% |
| Tangible fixed assets22/27 | €69,009 | €53,795 | €45,516 | €34,534 | €23,187 | ▼ 32.9% |
| Plant, machinery and equipment23 | €19,550 | €16,588 | €13,627 | €10,666 | €7,705 | ▼ 27.8% |
| Furniture and vehicles24 | €21,668 | €14,127 | €13,521 | €9,755 | €5,625 | ▼ 42.3% |
| Other tangible fixed assets26 | €27,792 | €23,080 | €18,368 | €14,113 | €9,858 | ▼ 30.2% |
| Financial fixed assets28 | €823 | €823 | €823 | €823 | €823 | = |
| Current assets29/58 | €255,922 | €284,711 | €280,161 | €226,412 | €288,142 | ▲ 27.3% |
| Stocks and contracts in progress3 | €142,016 | €162,143 | €136,871 | €184,418 | €260,120 | ▲ 41.0% |
| Stocks30/36 | €142,016 | €162,143 | €136,871 | €184,418 | €260,120 | ▲ 41.0% |
| Amounts receivable within one year40/41 | €86,217 | €94,478 | €130,302 | €35,404 | €27,744 | ▼ 21.6% |
| Trade receivables40 | €45,406 | €67,991 | €106,317 | - | €4,096 | - |
| Other amounts receivable41 | €40,810 | €26,487 | €23,986 | €35,404 | €23,649 | ▼ 33.2% |
| Cash at bank and in hand54/58 | €27,586 | €28,090 | €12,988 | €6,590 | €78 | ▼ 98.8% |
| Deferred charges and accrued income490/1 | €103 | - | - | - | €199 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,753 | €339,329 | €326,500 | €261,768 | €312,152 | ▲ 19.2% |
| Equity10/15 | €139,209 | €66,057 | -€17,144 | €9,518 | -€76,012 | ▼ 899% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €439,925 | €429,195 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | €438,066 | €427,335 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€319,309 | -€381,730 | -€37,595 | -€10,933 | -€96,463 | ▼ 782% |
| Provisions and deferred taxes16 | €6,260 | €3,577 | - | - | - | - |
| Deferred taxes168 | €6,260 | €3,577 | - | - | - | - |
| Amounts payable17/49 | €180,285 | €269,696 | €343,644 | €252,250 | €388,164 | ▲ 53.9% |
| Amounts payable within one year42/48 | €179,696 | €269,696 | €343,644 | €252,250 | €388,164 | ▲ 53.9% |
| Financial debts43 | - | - | €3,740 | - | - | - |
| Credit institutions430/8 | - | - | €3,740 | - | - | - |
| Trade debts44 | €90,992 | €185,014 | €245,562 | €135,594 | €220,255 | ▲ 62.4% |
| Suppliers440/4 | €90,992 | €185,014 | €245,562 | €135,594 | €220,255 | ▲ 62.4% |
| Taxes, remuneration and social security45 | €77,567 | €57,241 | €94,343 | €116,656 | €163,099 | ▲ 39.8% |
| Taxes450/3 | €68,036 | €34,821 | €68,271 | €92,959 | €137,645 | ▲ 48.1% |
| Remuneration and social security454/9 | €9,531 | €22,419 | €26,071 | €23,697 | €25,454 | ▲ 7.4% |
| Other amounts payable47/48 | €11,137 | €27,441 | - | - | €4,810 | - |
| Accrued charges and deferred income492/3 | €589 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,989 | -€73,152 | -€83,201 | €26,662 | -€85,530 | ▼ 421% |
| + Depreciation and write-downs630 | €18,117 | €15,214 | €11,740 | €12,325 | €11,346 | ▼ 7.9% |
| Operating cash flow (approximation) | €26,106 | -€57,939 | -€71,461 | €38,988 | -€74,184 | ▼ 290% |
| Investment in fixed assets (approximation) | - | €0 | -€3,461 | -€1,343 | €0 | ▲ 100% |
| Change in cash | - | €505 | -€15,102 | -€6,398 | -€6,512 | ▼ 1.8% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€85,530
Net result drops to -€85,530, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Back to profitnet €26,662
Net result €26,662 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Equity above €100,000Eq €131,220 ▲47.5%
3 profitable years in a row build equity to €131,220.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
25-09
Judicial reorganisation
Plan homologation
Tribunal de commerce de Liège · event 18-09-2018
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
25-06
Judicial reorganisation
Opening
Tribunal de commerce de Liège · collective agreement · event 19-06-2018
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalFinancial 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, Nandrin · 1 establishment unit since 2000
Ground area
1,240 m²
Building footprint
139 m²
Parcel 61043B0009/00N000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Pastel
since 20002.236.568.194
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043B0009/00N000 | Wallonia | 1,240 m² | 1 · 139 m² | - |
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.
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 476 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
Founded13-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469647868
Registered
17-04-2026
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.