IRIS
ActiveSummary
IRIS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €426,305 and a net result of €50,894. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency76▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 4.13 in 2024; short-term debt: 18.1% and cash: 24.5% of total assets), and 49.3% 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
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 →
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
50.7%
Return on assets
6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-12-2025, 132 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
132 d early
2024
27 d early
2023
84 d early
2022
89 d early
2021
65 d early
2020
72 d early
2019
73 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 77 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€426,305▼ 10.3%
2024 · €475,410
Total assets
€841,442▲ 35.1%
2024 · €622,981
Net result
€50,894▼ 32.5%
2024 · €75,416
Working capital
€349,989▼ 24.2%
2024 · €461,686
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
Line20212022202320242025
Operating result€63,299▲ 142%€73,596▲ 16.3%€138,251▲ 87.9%€95,798▼ 30.7%€54,157▼ 43.5%
Net result€44,051▲ 104%€54,806▲ 24.4%€114,916▲ 110%€75,416▼ 34.4%€50,894▼ 32.5%
Equity€320,272▲ 15.9%€375,078▲ 17.1%€429,994▲ 14.6%€475,410▲ 10.6%€426,305▼ 10.3%
Total assets€433,846▲ 3.2%€481,392▲ 11.0%€582,503▲ 21.0%€622,981▲ 6.9%€841,442▲ 35.1%
Debt€113,573▼ 21.3%€106,314▼ 6.4%€152,509▲ 43.5%€147,570▼ 3.2%€415,138▲ 181%
Working capital€321,776▲ 12.6%€369,077▲ 14.7%€411,820▲ 11.6%€461,686▲ 12.1%€349,989▼ 24.2%
Staff (FTE)2.5▼ 35.9%2.9▲ 16.0%2.9=3▲ 3.4%2.9▼ 3.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €841,442
Fixed assets
€339,176 ▲ 2,371%
Current assets
€502,267 ▼ 17.6%
Equity and liabilities €841,442
Equity
€426,305 ▼ 10.3%
Debt
€415,138 ▲ 181%
Debt's share of the balance-sheet total rises from 23.7% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€86,026▼
2024 · €100,249
Cash flow
€82,764▲
2024 · €79,867
Current ratio
3.30▼
2024 · 4.13
Quick ratio
1.44▼
2024 · 2.26
Debt to equity
0.97▲
2024 · 0.31
ROE
11.9%▼
2024 · 15.9%
ROA
6.0%▼
2024 · 12.1%
Interest coverage
9.69▲
2024 · 5.17
Debt ≤ 1 year
€152,278▲
2024 · €147,570
Debt > 1 year
€262,860
Income taxes
€8,838▼
2024 · €18,456
Staff costs
€136,000▲
2024 · €134,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €120,999 | €135,842 | €134,550 | €136,000 | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,400 | €1,801 | €3,510 | €4,450 | €31,869 | ▲ 616% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,618 | -€1,647 | -€1,519 | €688 | ▲ 145% |
| Other operating charges640/8 | - | €1,726 | €2,381 | €1,735 | €3,926 | ▲ 126% |
| Gross operating margin9900 | €201,798 | €182,505 | €278,337 | €235,015 | €226,641 | ▼ 3.6% |
| Operating profit (loss)9901 | €63,299 | €73,596 | €138,251 | €95,798 | €54,157 | ▼ 43.5% |
| Financial income75/76B | - | €17,602 | €21,329 | €17,460 | €14,451 | ▼ 17.2% |
| Recurring financial income75 | €15,453 | €17,602 | €21,329 | €17,460 | €14,451 | ▼ 17.2% |
| Financial charges65/66B | - | €19,626 | €22,847 | €19,386 | €8,876 | ▼ 54.2% |
| Recurring financial charges65 | €18,035 | €19,626 | €22,847 | €19,386 | €8,876 | ▼ 54.2% |
| Profit (loss) for the period before taxes9903 | €60,716 | €71,572 | €136,732 | €93,873 | €59,732 | ▼ 36.4% |
| Income taxes67/77 | €16,665 | €16,767 | €21,816 | €18,456 | €8,838 | ▼ 52.1% |
| Profit (loss) for the period9904 | €44,051 | €54,806 | €114,916 | €75,416 | €50,894 | ▼ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €44,051 | €54,806 | €114,916 | €75,416 | €50,894 | ▼ 32.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €433,846 | €481,392 | €582,503 | €622,981 | €841,442 | ▲ 35.1% |
| Fixed assets21/28 | €3,573 | €6,001 | €18,174 | €13,724 | €339,176 | ▲ 2,371% |
| Tangible fixed assets22/27 | €3,573 | €6,001 | €18,174 | €13,724 | €336,326 | ▲ 2,351% |
| Plant, machinery and equipment23 | - | €1,644 | €5,949 | €4,372 | €2,006 | ▼ 54.1% |
| Furniture and vehicles24 | - | - | - | - | €16,414 | - |
| Other tangible fixed assets26 | - | €4,357 | €12,225 | €9,352 | €317,906 | ▲ 3,299% |
| Financial fixed assets28 | - | - | - | - | €2,850 | - |
| Current assets29/58 | €430,273 | €475,391 | €564,329 | €609,257 | €502,267 | ▼ 17.6% |
| Stocks and contracts in progress3 | €188,661 | €252,840 | €248,724 | €275,322 | €283,351 | ▲ 2.9% |
| Stocks30/36 | - | €252,840 | €248,724 | €275,322 | €283,351 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €3,634 | €1,718 | €4,972 | €364 | €9,162 | ▲ 2,418% |
| Trade receivables40 | - | €485 | €4,972 | €364 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1,233 | - | - | €9,162 | - |
| Cash at bank and in hand54/58 | €235,109 | €217,525 | €306,174 | €328,486 | €206,068 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | €3,309 | €4,459 | €5,084 | €3,685 | ▼ 27.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €433,846 | €481,392 | €582,503 | €622,981 | €841,442 | ▲ 35.1% |
| Equity10/15 | €320,272 | €375,078 | €429,994 | €475,410 | €426,305 | ▼ 10.3% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €301,475 | €356,486 | €411,402 | €456,818 | €407,713 | ▼ 10.7% |
| Non-distributable reserves130/1 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €354,627 | €411,402 | €456,818 | €407,713 | ▼ 10.7% |
| Profit (loss) carried forward14 | €205 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €113,573 | €106,314 | €152,509 | €147,570 | €415,138 | ▲ 181% |
| Amounts payable after more than one year17 | €5,076 | - | - | - | €262,860 | - |
| Financial debts170/4 | - | - | - | - | €262,860 | - |
| Amounts payable within one year42/48 | €108,497 | €106,314 | €152,509 | €147,570 | €152,278 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | €5,076 | - | - | €29,819 | - |
| Trade debts44 | €58,090 | €68,240 | €45,116 | €67,363 | €69,561 | ▲ 3.3% |
| Suppliers440/4 | - | €68,240 | €45,116 | €67,363 | €69,561 | ▲ 3.3% |
| Taxes, remuneration and social security45 | - | €32,695 | €46,798 | €49,612 | €51,846 | ▲ 4.5% |
| Taxes450/3 | - | €17,544 | €26,677 | €26,552 | €28,827 | ▲ 8.6% |
| Remuneration and social security454/9 | - | €15,151 | €20,121 | €23,060 | €23,019 | ▼ 0.2% |
| Other amounts payable47/48 | - | €302 | €60,595 | €30,595 | €1,051 | ▼ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,051 | €54,806 | €114,916 | €75,416 | €50,894 | ▼ 32.5% |
| + Depreciation and write-downs630 | €9,400 | €1,801 | €3,510 | €4,450 | €31,869 | ▲ 616% |
| Operating cash flow (approximation) | €53,451 | €56,606 | €118,426 | €79,867 | €82,764 | ▲ 3.6% |
| Investment in fixed assets (approximation) | - | -€4,229 | -€15,683 | €0 | -€357,321 | - |
| Change in cash | - | -€17,584 | €88,649 | €22,312 | -€122,418 | ▼ 649% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €114,916 ▲110%
Operating result €138,251, net result €114,916, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kalmthout · 1 establishment unit since 1988
Ground area
6,071 m²
Building footprint
3,531 m²
Volume, LiDAR
24,636 m³
2 parcels, Flanders · tallest building 19.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IRIS
since 19882.040.893.955
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0809/00B002 | Flanders | 5,758 m² | 1 · 3,217 m² | 19.0 m · 2 fl. |
| 11022G0808/00L000 | Flanders | 313 m² | 1 · 313 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 · 1 entry · 1,560 EUR awarded · 1,560 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,560 EUR | 1,560 EUR |
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Of 519 companies in sector 47714 we hold annual accounts for 264. 197 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
Founded19-10-1988
Fiscal year end30-09
Activities, NACEBEL 2025
47714Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.