IRIS
ActiveSummary
IRIS has the legal form “Foreign entity” in the KBO. Checked does not compute a bankruptcy probability for it. The 2011 annual accounts show negative equity (-€93,013) and a net result of -€27,377. Equity has been shrinking by about 20% per year since 2007. The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-1995 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.073.520.203 3000 Leuven, since 17-10-1995
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
2011 figures too old to scoreBankruptcy probability: legal form outside the model
Annual accounts 2011
- Gross margin
- €73,249
- ▲ 27.9%
- Turnover
- ≈ €200,000
- estimated
- Loss
- €27,377
- ▲ 70.2%
- Equity
- -€93,013
- ▼ 41.7%
- Total assets
- €42,118
- ▲ 6.8%
- Staff
- 3.1 FTE
- ▲ 29.2%
- Negative equity on 31-12-2011
- 2012 accounts not filed, 4843 days past the deadline
SignalsneutralNo filing for yearsLatest accounts filed on timeShow the evidence
Checked score
No current score
Figures too old
The latest figures are for FY 2011. They are too old for a current score.
Filing: Five or more annual filings are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2011 · tick: 2010
Weak
Solvency
0=
equity -220.8% of total assets
Liquidity
16+15
short-term debt 320.8% · cash 12.9%
Profitability
0=
return on assets -65.0%
Bankruptcy probability within 12 months
The KBO gives the legal form as “Foreign entity”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
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 year end31-07-2013 deadline03-11-2026 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 filed
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 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2011, abbreviated format
Annual accounts 2011 filed on 22-06-2012 PDF all 16 filings
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
Multi-year overview
2007 to 2011, 5 financial yearsTurnover
no figure
2011
20072011
Operating result
-€24,686
▼ 75.6%
2011
20072011
Net result
-€27,377
▼ 70.2%
2011
20072011
EBIT margin
no figure
2011
20072011
Equity
-€93,013
▼ 41.7%
2011
20072011
Total assets
€42,118
▲ 6.8%
2011
20072011
Debt
€135,131
▲ 28.6%
2011
20072011
Working capital
-€107,127
▼ 30.2%
2011
20072011
Staff (FTE)
3.1
▲ 29.2%
2011
20072011
Every figure per financial year
Every figure with its change against the financial 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%
The operating result for 2011 is a loss of €24,686, larger than the loss of €14,056 in 2010. It is the lowest result since 2007.
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%
Equity and liabilities
Equity-€93,013
Debt€135,131
Equity is negative. Debt (€135,131) exceeds the balance-sheet total (€42,118).
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 | ▲ 15× |
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | abbreviated format | 22-06-2012 | 2012-19800352 | |
| 31-12-2010 | abbreviated format | 06-07-2011 | 2011-26700039 | |
| 31-12-2009 | abbreviated format | 09-06-2010 | 2010-16200203 | |
| 31-12-2008 | abbreviated format | 31-07-2009 | 2009-53300168 | |
| 31-12-2007 | abbreviated format | 07-08-2008 | 2008-54600083 | |
| 31-12-2006 | abbreviated format | 25-06-2007 | 2007-28600123 | |
| 31-12-2005 | abbreviated format | 01-08-2006 | 2006-59401471 | |
| 31-12-2004 | abbreviated format | 08-06-2005 | 2005-22303883 | |
| 31-12-2003 | abbreviated format | 25-11-2004 | 2004-80804169 | |
| 31-12-2002 | abbreviated format | 22-12-2003 | 2003-84602385 |
Timeline
Acts, filings and financial milestones
2012
22-06
abbreviated format · 39 days before the deadline
2011
31-12
Financial
Weakest financial yearnet -€27,377
The net result drops to -€27,377, the lowest from 2007 to 2011.
06-07
abbreviated format · 25 days before the deadline
2010
09-06
abbreviated format · 52 days before the deadline
2009
31-12
Financial
Back to profitnet €666
The net result is €666, after 2 loss-making years.
31-07
abbreviated format · on the deadline day
2008
07-08
abbreviated format · 7 days late
2007
25-06
abbreviated format · 36 days before the deadline
2006
01-08
abbreviated format · 1 day late
2005
08-06
abbreviated format · 53 days before the deadline
2004
25-11
abbreviated format · 117 days late
2003
22-12
abbreviated format · 144 days late
1995
19-07
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IRIS in Dutch
Enterprise number
0455.549.414
Legal form
Foreign entity
Status
Active, normale toestand
Founded
28-06-1995
Entity type
Legal entity
Registered office and establishments
Registered office
Bul Vladislav Varnenchik 42, 9000 Varna Bapha, Bulgaria
Establishment unit
IRIS, Leopold Vanderkelenstraat 27, 3000 Leuven since 17-10-1995 · unit number 2.073.520.2031085001
Invoicing and payment
VAT number
BE 0455.549.414
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Cannot be placed on the map
The registered office is abroad (Bulgaria).
Bul Vladislav Varnenchik 429000 Varna BaphaBulgariaBuildings and parcels at the addresses
Ground area
135 m²
Building footprint
134 m²
Building volume
1,279 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24502B0706/00D000 | Flanders | 135 m² | 1 · 134 m² | 18.1 m · 2 |