IRIS
ActiveSummary
IRIS has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€10,567. Equity remains stable across the filed financial years (±0.3% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1.1m
- Loss
- -€10,567
- Corialan BEHEYDTDirector
- Ginette ALBERSDirector
Why 94raises riskLiquidity: current ratio 3.10, cash €17,460No main activity registeredlowers riskSize: total assets €1.1mEquity €1.1m (98.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 45% on liquidity, 45% on profitability and 41% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€18,525
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,948 in 2025 against €19,011 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% 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 497,475 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% | 0.9% |
| 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 74.5% 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 8,617 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,680 | €23,592 | €23,592 | €23,592 | €23,592 | €23,592 | €23,720 | €23,974 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €7,088 | €8,594 | €7,928 | €9,219 | €9,501 | ▲ 3.1% |
| Gross operating margin9900 | €11,818 | €40,653 | €35,943 | €43,674 | €35,938 | €31,769 | €13,928 | €25,527 | ▲ 83.3% |
| Operating profit (loss)9901 | -€16,725 | €10,435 | €5,316 | €12,994 | €3,753 | €249 | -€19,011 | -€7,948 | ▲ 58.2% |
| Financial income75/76B | - | - | - | - | - | €1 | €850 | €626 | ▼ 26.4% |
| Recurring financial income75 | - | €11 | - | - | - | €1 | €850 | €626 | ▼ 26.4% |
| Financial charges65/66B | - | - | - | €57 | €70 | €72 | €45 | €45 | ▼ 0.1% |
| Recurring financial charges65 | €907 | €264 | €44 | €57 | €70 | €72 | €45 | €45 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | -€17,632 | €10,182 | €5,272 | €12,937 | €3,683 | €178 | -€18,205 | -€7,367 | ▲ 59.5% |
| Income taxes67/77 | €592 | €9,308 | €6,429 | €8,414 | €6,020 | €5,159 | €320 | €3,199 | ▲ 900% |
| Profit (loss) for the period9904 | -€18,224 | €874 | -€1,157 | €4,523 | -€2,337 | -€4,982 | -€18,525 | -€10,567 | ▲ 43.0% |
| Profit (loss) for the period to be appropriated9905 | -€18,224 | €874 | -€1,157 | €4,523 | -€2,337 | -€4,982 | -€18,525 | -€10,567 | ▲ 43.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.1% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.2% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.2% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 2.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.004m | €0.003m | ▼ 10.3% |
| Current assets29/58 | €178 | €322 | €0.002m | €0.009m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 44.6% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.009m | €0.01m | €0.02m | ▲ 91.8% |
| Other amounts receivable41 | - | - | - | - | - | €0.009m | €0.01m | €0.02m | ▲ 91.8% |
| Cash at bank and in hand54/58 | €3 | €322 | €0.002m | €0.009m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 39.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.004m | €0.004m | €0.002m | ▼ 56.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.1% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Contributions outside capital11 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Share premium1100/10 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Revaluation surpluses12 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Legal reserve130 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▼ 5.4% |
| Amounts payable17/49 | €0.1m | €0.08m | €0.06m | €0.04m | €0.03m | €0.02m | €0.01m | €0.01m | ▼ 11.5% |
| Amounts payable after more than one year17 | €0.09m | €0.07m | €0.04m | €0.03m | €0.01m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.03m | €0.01m | - | - | - | - |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 16.6% |
| Trade debts44 | €0.001m | €0.001m | €0.01m | €0.006m | €0.006m | €0.006m | €0.006m | €0.001m | ▼ 85.3% |
| Suppliers440/4 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.001m | ▼ 85.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.004m | €0.004m | €320 | €0.004m | ▲ 994% |
| Taxes450/3 | - | - | - | €0.005m | €0.004m | €0.004m | €320 | €0.004m | ▲ 994% |
| Other amounts payable47/48 | - | - | - | - | €0.007m | €0.008m | €0.009m | €0.008m | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,224 | €874 | -€1,157 | €4,523 | -€2,337 | -€4,982 | -€18,525 | -€10,567 | ▲ 43.0% |
| + Depreciation and write-downs630 | €21,680 | €23,592 | €23,592 | €23,592 | €23,592 | €23,592 | €23,720 | €23,974 | ▲ 1.1% |
| Operating cash flow (approximation) | €3,456 | €24,466 | €22,435 | €28,115 | €21,255 | €18,611 | €5,195 | €13,408 | ▲ 158% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€3,823 | €0 | - |
| Change in cash | - | €319 | €1,912 | €6,777 | €9,229 | -€2,115 | -€3,640 | €4,975 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00144860 |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00281806 |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00269344 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00304800 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20134194 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49000524 |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22800461 |
| 31-12-2018 | micro format | 14-06-2019 | 2019-18700500 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27900600 |
| 31-12-2016 | micro format | 06-07-2017 | 2017-29300235 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Corialan BEHEYDT |
|
| Ginette ALBERS |
|
Owners and capital
Capital and shareholders
- 20-12-2023 Capital stated in the deed · €62,000 · 150 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-12
Gazette deed
Resignations: Corialan BEHEYDT (director) and Ginette ALBERS (director)Appointments: Corialan BEHEYDT (director) and Ginette ALBERS (director) · Board rule · Registered office clause17 facts ▸
- Director resignation, Corialan BEHEYDT (director)
- Director resignation, Ginette ALBERS (director)
- Other provision, “kwijting ontslagnemende bestuurders, volgende jaarvergadering” (deed in Dutch)
- Board rule, 2, “algemene vergadering” (deed in Dutch)
- Director appointment, Corialan BEHEYDT (director (not named in the articles))
- Director appointment, Ginette ALBERS (director (not named in the articles))
- Registered office clause, “Kleine Izegemsestraat 57,8880 Ledegem (Sint-Eloois-Winkel)” (deed in Dutch)
- Power of attorney, Joyce Buyssens
- Power of attorney
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “uittreksel uit statuten” (deed in Dutch)
- Amendment of the articles (2 times)
- +5 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36018A1000/00H003 | Flanders | 2,601 m² | 1 · 324 m² | 12.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IRIS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 22: Vertegenwoordiging van de vennootschap Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Samenstelling bestuursorgaan, 4” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vrije overgang onder levenden of bij overlijden, Artikel 12: Overdracht en overgang van aandelen” (deed in Dutch)“Eigen Effecten mee verkopen pro rata, volgrecht” (deed in Dutch)1 more provision on this in the deed
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, één of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)“Aanzuivering schulden,lasten,kosten of consignatie nodige gelden, wijze van vereffening” (deed in Dutch)