IRIS
ActiveSummary
IRIS has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€2,040. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 67% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency85=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.06 in 2024; short-term debt: 12.8% and cash: 19.1% of total assets), and 39.7% of the assets are financed with debt.
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Signals
Six 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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.3%
Return on assets
-0.1%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
44 d early
2023
48 d early
2022
41 d early
2021
41 d early
2020
50 d early
2019
50 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 44 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,040
2024 · €15,022
Working capital
€512,322▲ 8.0%
2024 · €474,232
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€61,537-€11,782▲ 80.9%€9,548€26,987▲ 183%€2,560▼ 90.5%
Net result-€64,431below the sector's middle half-€15,277within the sector's middle half▲ 76.3%€2,946within the sector's middle half€15,022within the sector's middle half▲ 410%-€2,040within the sector's middle half
Equity€1.2mwithin the sector's middle half▼ 5.4%€1.2mwithin the sector's middle half▼ 1.7%€1.2mwithin the sector's middle half▲ 0.3%€1.2mwithin the sector's middle half▲ 5.0%€1.3mwithin the sector's middle half▲ 2.7%
Total assets€1.7mwithin the sector's middle half▼ 5.8%€1.7mwithin the sector's middle half▼ 3.1%€2.1mwithin the sector's middle half▲ 26.3%€2.1mwithin the sector's middle half▼ 1.5%€2.1mwithin the sector's middle half▲ 1.7%
Debt€218,682▼ 15.2%€217,611▼ 0.5%€642,499▲ 195%€563,768▼ 12.3%€564,502▲ 0.1%
Working capital€770,177▼ 11.7%€771,442▲ 0.2%€611,981▼ 20.7%€474,232▼ 22.5%€512,322▲ 8.0%
Solvency69.6%above the sector's middle half▲ 0.2pp70.6%above the sector's middle half▲ 1.0pp56.0%within the sector's middle half▼ 14.5pp59.7%within the sector's middle half▲ 3.7pp60.3%within the sector's middle half▲ 0.6pp
Staff (FTE)8.6above the sector's middle half▲ 17.8%8above the sector's middle half▼ 7.0%8.2above the sector's middle half▲ 2.5%7.3above the sector's middle half▼ 11.0%8.3above the sector's middle half▲ 13.7%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.3m ▼ 3.2%
Current assets
€783,266 ▲ 11.1%
Equity and liabilities €2.1m
Equity
€1.3m ▲ 2.7%
Provisions
€275,323 =
Debt
€564,502 ▲ 0.1%
Debt's share of the balance-sheet total falls from 27.1% to 26.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123,848▼
2024 · €160,729
Cash flow
€119,248▼
2024 · €148,764
Current ratio
2.89▼
2024 · 3.06
Quick ratio
2.88▼
2024 · 3.05
Debt to equity
0.44▼
2024 · 0.45
ROE
-0.2%▼
2024 · 1.2%
ROA
-0.1%▼
2024 · 0.7%
Interest coverage
9.18▼
2024 · 10.13
Debt ≤ 1 year
€270,944▲
2024 · €230,494
Debt > 1 year
€293,558▼
2024 · €328,229
Staff costs
€709,709▲
2024 · €598,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 12,304 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,587 | €6,407 | €679 | €4,719 | €679 | ▼ 85.6% |
| Remuneration, social security and pensions62 | €647,093 | €586,022 | €668,808 | €598,350 | €709,709 | ▲ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,353 | €104,136 | €103,673 | €133,742 | €121,288 | ▼ 9.3% |
| Other operating charges640/8 | €13,746 | €30,117 | €31,268 | €17,902 | €8,843 | ▼ 50.6% |
| Non-recurring operating charges66A | - | - | €1,170 | €5,254 | €176 | ▼ 96.6% |
| Gross operating margin9900 | €703,420 | €676,796 | €826,466 | €782,235 | €842,577 | ▲ 7.7% |
| Operating profit (loss)9901 | -€61,537 | -€11,782 | €9,548 | €26,987 | €2,560 | ▼ 90.5% |
| Financial income75/76B | €1,052 | €50 | €766 | €3,906 | €8,891 | ▲ 128% |
| Recurring financial income75 | €1,052 | €50 | €766 | €3,906 | €6,866 | ▲ 75.8% |
| Non-recurring financial income76B | - | - | - | - | €2,025 | - |
| Financial charges65/66B | €3,946 | €3,545 | €7,368 | €15,870 | €13,491 | ▼ 15.0% |
| Recurring financial charges65 | €3,946 | €3,545 | €7,368 | €15,870 | €13,491 | ▼ 15.0% |
| Profit (loss) for the period before taxes9903 | -€64,431 | -€15,277 | €2,946 | €15,022 | -€2,040 | ▼ 114% |
| Profit (loss) for the period9904 | -€64,431 | -€15,277 | €2,946 | €15,022 | -€2,040 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | -€64,431 | -€15,277 | €2,946 | €15,022 | -€2,040 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €2.1m | €2.1m | €2.1m | ▲ 1.7% |
| Fixed assets21/28 | €807,151 | €742,812 | €1.2m | €1.4m | €1.3m | ▼ 3.2% |
| Intangible fixed assets21 | €1,170 | €585 | - | - | €2,810 | - |
| Tangible fixed assets22/27 | €755,681 | €691,927 | €1.2m | €1.3m | €1.3m | ▼ 3.5% |
| Land and buildings22 | €744,726 | €685,839 | €833,234 | €1.3m | €1.2m | ▼ 5.9% |
| Furniture and vehicles24 | €10,954 | €6,088 | €3,768 | €1,741 | €395 | ▼ 77.3% |
| Assets under construction and advance payments27 | - | - | €334,351 | - | €32,952 | - |
| Financial fixed assets28 | €50,300 | €50,300 | €50,300 | €50,300 | €50,325 | = |
| Current assets29/58 | €920,563 | €931,450 | €892,861 | €704,726 | €783,266 | ▲ 11.1% |
| Stocks and contracts in progress3 | - | - | - | €2,693 | €2,112 | ▼ 21.6% |
| Stocks30/36 | - | - | - | €2,693 | €2,112 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €119,100 | €160,653 | €146,155 | €197,467 | €169,410 | ▼ 14.2% |
| Trade receivables40 | €45,507 | €82,456 | €60,000 | €41,761 | €58,055 | ▲ 39.0% |
| Other amounts receivable41 | €73,593 | €78,197 | €86,154 | €155,705 | €111,355 | ▼ 28.5% |
| Current investments50/53 | €514,992 | €339,992 | €266,575 | €216,245 | €202,540 | ▼ 6.3% |
| Cash at bank and in hand54/58 | €286,471 | €430,805 | €478,188 | €287,217 | €404,715 | ▲ 40.9% |
| Deferred charges and accrued income490/1 | - | - | €1,944 | €1,105 | €4,488 | ▲ 306% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €2.1m | €2.1m | €2.1m | ▲ 1.7% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 2.7% |
| Reserves13 | €377,817 | €377,817 | €377,817 | €377,817 | €377,817 | = |
| Profit (loss) carried forward14 | €818,788 | €803,511 | €806,875 | €821,898 | €819,857 | ▼ 0.2% |
| Investment grants15 | €5,406 | - | - | €43,838 | €79,713 | ▲ 81.8% |
| Provisions and deferred taxes16 | €307,020 | €275,323 | €287,323 | €275,323 | €275,323 | = |
| Provisions for liabilities and charges160/5 | €307,020 | €275,323 | €287,323 | €275,323 | €275,323 | = |
| Other liabilities and charges164/5 | €307,020 | €275,323 | €287,323 | €275,323 | €275,323 | = |
| Amounts payable17/49 | €218,682 | €217,611 | €642,499 | €563,768 | €564,502 | ▲ 0.1% |
| Amounts payable after more than one year17 | €68,296 | €57,602 | €361,619 | €328,229 | €293,558 | ▼ 10.6% |
| Financial debts170/4 | €68,296 | €57,602 | €361,619 | €328,229 | €293,558 | ▼ 10.6% |
| Amounts payable within one year42/48 | €150,386 | €160,009 | €280,880 | €230,494 | €270,944 | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | €17,751 | €10,693 | €32,788 | €33,390 | €34,671 | ▲ 3.8% |
| Trade debts44 | €49,538 | €35,007 | €104,902 | €41,831 | €45,758 | ▲ 9.4% |
| Suppliers440/4 | €49,538 | €35,007 | €104,902 | €41,831 | €45,758 | ▲ 9.4% |
| Advances received on contracts in progress46 | - | - | - | €7,675 | €619 | ▼ 91.9% |
| Taxes, remuneration and social security45 | €52,889 | €61,998 | €79,677 | €59,027 | €84,937 | ▲ 43.9% |
| Taxes450/3 | - | - | - | €1 | - | - |
| Remuneration and social security454/9 | €52,889 | €61,998 | €79,677 | €59,027 | €84,937 | ▲ 43.9% |
| Accrued charges and deferred income492/3 | - | - | - | €5,045 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,431 | -€15,277 | €2,946 | €15,022 | -€2,040 | ▼ 114% |
| + Depreciation and write-downs630 | €101,353 | €104,136 | €103,673 | €133,742 | €121,288 | ▼ 9.3% |
| Operating cash flow (approximation) | €36,922 | €88,858 | €106,619 | €148,764 | €119,248 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€39,797 | -€582,515 | -€290,006 | -€77,316 | ▲ 73.3% |
| Change in cash | - | €144,334 | €47,383 | -€190,971 | €117,498 | ▲ 162% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2,946
Net result €2,946 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€64,431
Net result drops to -€64,431, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €46,152
Net result €46,152 after one loss-making year.
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brussel · 1 establishment unit since 2006
Ground area
881 m²
Building footprint
881 m²
Volume, LiDAR
56,978 m³
Parcel 21814P0255/00Z002, Brussels · tallest building 71.2 m, ±22 floors. Linked by address, not a title deed.
33
companies at this address
See who is registered here
1 establishment unit
IRIS
since 20062.157.823.594
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0255/00Z002 | Brussels | 881 m² | 1 · 881 m² | 71.2 m · 22 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.
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Of 206 companies in sector 68202 we hold annual accounts for 190. 57 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded03-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
68202Real estate activities
Contact
E-mail
isabelle.jennes@svk-iris-ais.beBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422184382
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.