Irinox Belux
ActiveThe computed 12-month bankruptcy probability of Irinox Belux is 1.9% (moderate). The 2025 annual accounts show negative equity (€-74k) and a net result of €10k. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 8% of 478 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32=
Solvency19▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.55 against 2.3 in 2024; short-term debt: 62.3% and cash: 17.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 478 sector peers (2025).
NBB · sector comparisonPosition among 478 sector peers
Solvency
better than 8%
← 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 19-08-2026, 19 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 · 6 filingsDeviation from the deadline
2025
19 d late
2024
29 d late
2023
42 d early
2022
88 d late
2021
27 d early
2020
19 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-74k▲ 11.9%
2024 · €-84k
2020: €356
2021: €-54k
2022: €-103k
2023: €-101k
2024: €-84k
2020 → 2025
Total assets
€1.25M▲ 15.5%
2024 · €1.09M
2020: €169k
2021: €678k
2022: €1.08M
2023: €1.17M
2024: €1.09M
2020 → 2025
Net result
€10k▼ 39.2%
2024 · €16k
2020: €-25k
2021: €-55k
2022: €-25k
2023: €2k
2024: €16k
2020 → 2025
Working capital
€426k▼ 29.9%
2024 · €608k
2020: €-6k
2021: €165k
2022: €-188k
2023: €-91k
2024: €608k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-54k-€-103k▼ 88.6%€-101k▲ 1.9%€-84k▲ 16.3%€-74k▲ 11.9%
Operating result€-45k-€-8k▲ 82.8%€36k€47k▲ 31.3%€26k▼ 44.0%
Net result€-55k-€-25k▲ 53.5%€2k€16k▲ 737%€10k▼ 39.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€47k▲ 451%
Current assets
€1.21M▲ 12.1%
Key figures and ratios
EBITDA
€35k▼
2024 · €51k
Cash flow
€18k▼
2024 · €21k
Solvency
-5.9%▲
2024 · -7.8%
Current ratio
1.55▼
2024 · 2.30
Quick ratio
1.35▼
2024 · 1.94
Debt / equity
-17.89▼
2024 · -13.89
ROA
0.8%▼
2024 · 1.5%
Interest coverage
1.47▲
2024 · 1.40
Debt
€1.33M▲
2024 · €1.17M
Debt ≤ 1 year
€780k▲
2024 · €469k
Debt > 1 year
€519k▼
2024 · €659k
Income taxes
€169▲
2024 · €121
Staff costs
€51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.25M▲
Fixed assets21/28€8k€47k▲
Intangible fixed assets21€833-
Tangible fixed assets22/27€8k€47k▲
Furniture and vehicles24€8k€47k▲
Current assets29/58€1.08M€1.21M▲
Amounts receivable after more than one year29€266k€255k▼
Other amounts receivable291€266k€255k▼
Stocks and contracts in progress3€165k€153k▼
Stocks30/36€165k€153k▼
Amounts receivable within one year40/41€444k€554k▲
Trade receivables40€444k€554k▲
Cash at bank and in hand54/58€172k€221k▲
Deferred charges and accrued income490/1€29k€23k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.25M▲
Equity10/15€-84k€-74k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-109k€-99k▲
Amounts payable17/49€1.17M€1.33M▲
Amounts payable after more than one year17€659k€519k▼
Other amounts payable178/9€659k€519k▼
Amounts payable within one year42/48€469k€780k▲
Current portion of amounts payable after more than one year42-€710
Trade debts44€194k€541k▲
Suppliers440/4€194k€541k▲
Advances received on contracts in progress46€252k€172k▼
Taxes, remuneration and social security45€22k€67k▲
Taxes450/3€22k€67k▲
Accrued charges and deferred income492/3€42k€28k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62-€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€54k€88k▲
Operating profit (loss)9901€47k€26k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€36k€24k▼
Recurring financial charges65€36k€24k▼
Profit (loss) for the period before taxes9903€17k€10k▼
Income taxes67/77€121€169▲
Profit (loss) for the period9904€16k€10k▼
Profit (loss) for the period to be appropriated9905€16k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-109k€-99k▲
Profit (loss) brought forward from the previous period14P€-126k€-109k▲
Social balance
Average headcount (FTE)9087-0.4
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
04-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 25/06/2026
- Registered-office move, 8000 Brugge, Lodderhoek 8
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2020net €16k ▲737%
Operating result €47k, net result €16k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 0.93 to 2.30; short-term debt falls from €1.23M to €469k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lodderhoek 88000 BruggeGround area
2.9 ha
Building footprint
4,225 m²
Parcel 31807I0459/00S011, Flanders. Linked by address, not a title deed.
1 establishment unit
Irinox Belux
since 20202.307.089.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00S011 | Flanders | 2.9 ha | 1 · 4,225 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2024 to 2025 · 2 entries · 5,652 EUR awarded · 5,652 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,440 EUR | 1,440 EUR |
| 2024 | 1 | 4,212 EUR | 4,212 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,225 companies in sector 33200 we hold annual accounts for 677. 19 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2020
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
46641Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.