IRIS
ActiveSummary
For the legal form of IRIS, Checked does not compute a bankruptcy probability. The 2011 annual accounts show negative equity (-€93,013) and a net result of -€27,377. Equity is shrinking by ~19.9% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2011 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2011 · tick = 2010
Profitability0=
Solvency0=
Growth39=
Track record100
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2011. Since then, 14 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2012 close31-07-2013 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2011 was due by 31-07-2012 and was filed on 22-06-2012, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2011, abbreviated schema
Turnover
€275,495▲ 5.4%
2007 · €261,273
EBIT margin
-0.6%▲ 2.0pp
2007 · -2.6%
Net result
-€27,377▼ 70.2%
2010 · -€16,086
Working capital
-€107,127▼ 30.2%
2010 · -€82,261
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
Line20072008200920102011
Turnover€261,273-€275,495▲ 5.4%
Operating result-€6,803--€1,658▲ 75.6%€6,785-€14,056-€24,686▼ 75.6%
Net result-€14,299--€6,353▲ 55.6%€666-€16,086-€27,377▼ 70.2%
EBIT margin-2.6%--0.6%▲ 2.0pp
Equity-€43,863--€50,216▼ 14.5%-€49,549▲ 1.3%-€65,635▼ 32.5%-€93,013▼ 41.7%
Total assets€41,939-€40,742▼ 2.9%€41,960▲ 3.0%€39,428▼ 6.0%€42,118▲ 6.8%
Debt€85,802-€90,958▲ 6.0%€91,510▲ 0.6%€105,063▲ 14.8%€135,131▲ 28.6%
Working capital-€59,545--€66,179▼ 11.1%-€62,518▲ 5.5%-€82,261▼ 31.6%-€107,127▼ 30.2%
Staff (FTE)3.7-3▼ 18.9%2▼ 33.3%2.4▲ 20.0%3.1▲ 29.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,686 in 2011 against €14,056 in 2010; the loss grows and 2011 has the lowest result in the available series.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €42,118
Fixed assets
€14,114 ▼ 15.1%
Current assets
€28,004 ▲ 22.8%
Key figures and ratios
EBITDA
-€19,595▼
2010 · -€9,481
Cash flow
-€22,287▼
2010 · -€11,511
Solvency
-220.8%▼
2010 · -166.5%
Current ratio
0.21▼
2010 · 0.22
Quick ratio
0.04▲
2010 · 0.00
ROA
-65.0%▼
2010 · -40.8%
Debt ≤ 1 year
€135,131▲
2010 · €105,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €261,273 | €275,495 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,586 | €3,576 | €3,578 | €4,575 | €5,091 | ▲ 11.3% |
| Gross operating margin9900 | €83,896 | €78,552 | €74,282 | €57,271 | €73,249 | ▲ 27.9% |
| Operating profit (loss)9901 | -€6,803 | -€1,658 | €6,785 | -€14,056 | -€24,686 | ▼ 75.6% |
| Recurring financial income75 | - | €2 | €72 | €176 | €16 | ▼ 91.0% |
| Recurring financial charges65 | €5,798 | €1,540 | €3,175 | €1,670 | €1,787 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | -€14,299 | -€6,353 | €666 | -€16,086 | -€27,377 | ▼ 70.2% |
| Profit (loss) for the period9904 | -€14,299 | -€6,353 | €666 | -€16,086 | -€27,377 | ▼ 70.2% |
| Profit (loss) for the period to be appropriated9905 | -€14,299 | -€6,353 | €666 | -€16,086 | -€27,377 | ▼ 70.2% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,939 | €40,742 | €41,960 | €39,428 | €42,118 | ▲ 6.8% |
| Fixed assets21/28 | €15,682 | €15,963 | €13,219 | €16,626 | €14,114 | ▼ 15.1% |
| Tangible fixed assets22/27 | €15,682 | €15,963 | €13,219 | €16,626 | €14,114 | ▼ 15.1% |
| Current assets29/58 | €26,257 | €24,779 | €28,742 | €22,802 | €28,004 | ▲ 22.8% |
| Stocks and contracts in progress3 | €13,924 | €17,684 | €23,176 | €22,324 | €22,584 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €482 | €1,170 | €317 | €126 | - | - |
| Cash at bank and in hand54/58 | €11,851 | €5,925 | €5,249 | €352 | €5,420 | ▲ 1,440% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,939 | €40,742 | €41,960 | €39,428 | €42,118 | ▲ 6.8% |
| Equity10/15 | -€43,863 | -€50,216 | -€49,549 | -€65,635 | -€93,013 | ▼ 41.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,123 | €5,123 | €5,123 | €5,123 | €5,123 | = |
| Profit (loss) carried forward14 | -€67,586 | -€73,939 | -€73,273 | -€89,359 | -€116,736 | ▼ 30.6% |
| Amounts payable17/49 | €85,802 | €90,958 | €91,510 | €105,063 | €135,131 | ▲ 28.6% |
| Amounts payable within one year42/48 | €85,802 | €90,958 | €91,260 | €105,063 | €135,131 | ▲ 28.6% |
| Trade debts44 | €32,214 | €43,387 | €27,724 | €33,938 | €42,165 | ▲ 24.2% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,299 | -€6,353 | €666 | -€16,086 | -€27,377 | ▼ 70.2% |
| + Depreciation and write-downs630 | €3,586 | €3,576 | €3,578 | €4,575 | €5,091 | ▲ 11.3% |
| Operating cash flow (approximation) | -€10,713 | -€2,777 | €4,245 | -€11,511 | -€22,287 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | -€3,857 | -€834 | -€7,982 | -€2,580 | ▲ 67.7% |
| Change in cash | - | -€5,926 | -€676 | -€4,897 | €5,068 | ▲ 203% |
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
2012
22-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
31-12
Financial
Weakest financial yearnet -€27,377
Net result drops to -€27,377, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
09-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-12
Financial
Back to profitnet €666
Net result €666 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
07-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 7 days late
2007
25-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
01-08
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema · 1 day late
2005
08-06
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
25-11
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 117 days late
2003
22-12
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Varna Bapha · 1 establishment unit since 1995
Cannot be placed on the map
The registered office is abroad (Bulgaria). The address register our map runs on (BOSA BEST) covers Belgian addresses only.
Bul Vladislav Varnenchik 429000 Varna BaphaBulgariaGround area
135 m²
Building footprint
134 m²
Volume, LiDAR
1,279 m³
Parcel 24502B0706/00D000, Flanders · tallest building 18.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IRIS
since 19952.073.520.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0706/00D000 | Flanders | 135 m² | 1 · 134 m² | 18.1 m · 2 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.
Identification & contact
Identification
Legal formForeign entity
Founded28-06-1995
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.