IRIS
ActiveSummary
IRIS has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€57,528) and a net result of -€691. Equity remains stable across the filed financial years (±1.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Financials · financial year 2025, abbreviated format
Equity
-€57,528▼ 1.2%
2024 · -€56,837
Total assets
€200,489▲ 0.1%
2024 · €200,289
Net result
-€691▲ 6.0%
2024 · -€735
Working capital
-€257,428▼ 0.3%
2024 · -€256,737
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €487 in 2025 against €578 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.
Operating result-€487
2025
Net result-€691
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€200,489
2025
Equity-€57,528
2025
Debt€258,017
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€257,428
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€418--€882▼ 111%-€598▲ 32.3%-€598=-€423▲ 29.1%-€2,026▼ 379%-€578▲ 71.5%-€487▲ 15.7%
Net result-€3,177--€957▲ 69.9%-€634▲ 33.8%-€643▼ 1.4%-€471▲ 26.6%-€2,074▼ 340%-€735▲ 64.5%-€691▲ 6.0%
Equity-€51,322--€52,280▼ 1.9%-€52,913▼ 1.2%-€53,556▼ 1.2%-€54,027▼ 0.9%-€56,101▼ 3.8%-€56,837▼ 1.3%-€57,528▼ 1.2%
Total assets€203,828-€201,371▼ 1.2%€201,737▲ 0.2%€201,089▼ 0.3%€200,598▼ 0.2%€200,524=€200,289▼ 0.1%€200,489▲ 0.1%
Debt€255,150-€253,650▼ 0.6%€254,650▲ 0.4%€254,645=€254,625=€256,625▲ 0.8%€257,125▲ 0.2%€258,017▲ 0.3%
Working capital-€251,222--€252,180▼ 0.4%-€252,813▼ 0.3%-€253,456▼ 0.3%-€253,927▼ 0.2%-€256,001▼ 0.8%-€256,737▼ 0.3%-€257,428▼ 0.3%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,489
Fixed assets
€199,900 =
Current assets
€589 ▲ 51.5%
Equity and liabilities
Equity-€57,528
Debt€258,017
Equity is negative: debt (€258,017) exceeds the balance-sheet total (€200,489).
Key figures and ratios
Solvency
-28.7%▼
2024 · -28.4%
Current ratio
0.00▲
2024 · 0.00
ROA
-0.3%▲
2024 · -0.4%
Debt ≤ 1 year
€258,017▲
2024 · €257,125
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €1,557 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€70 | -€72 | -€250 | -€250 | -€76 | -€85 | -€191 | -€88 | ▲ 54.0% |
| Operating profit (loss)9901 | -€418 | -€882 | -€598 | -€598 | -€423 | -€2,026 | -€578 | -€487 | ▲ 15.7% |
| Financial charges65/66B | - | - | - | €45 | €48 | €48 | €158 | €204 | ▲ 29.5% |
| Recurring financial charges65 | €2,760 | €75 | €36 | €45 | €48 | €48 | €158 | €204 | ▲ 29.5% |
| Profit (loss) for the period before taxes9903 | -€3,177 | -€957 | -€634 | -€643 | -€471 | -€2,074 | -€735 | -€691 | ▲ 6.0% |
| Profit (loss) for the period9904 | -€3,177 | -€957 | -€634 | -€643 | -€471 | -€2,074 | -€735 | -€691 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | -€3,177 | -€957 | -€634 | -€643 | -€471 | -€2,074 | -€735 | -€691 | ▲ 6.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €203,828 | €201,371 | €201,737 | €201,089 | €200,598 | €200,524 | €200,289 | €200,489 | ▲ 0.1% |
| Fixed assets21/28 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | = |
| Financial fixed assets28 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | €199,900 | = |
| Current assets29/58 | €3,928 | €1,471 | €1,837 | €1,189 | €698 | €624 | €389 | €589 | ▲ 51.5% |
| Cash at bank and in hand54/58 | €3,928 | €1,471 | €1,837 | €1,189 | €698 | €624 | €389 | €589 | ▲ 51.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €203,828 | €201,371 | €201,737 | €201,089 | €200,598 | €200,524 | €200,289 | €200,489 | ▲ 0.1% |
| Equity10/15 | -€51,322 | -€52,280 | -€52,913 | -€53,556 | -€54,027 | -€56,101 | -€56,837 | -€57,528 | ▼ 1.2% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€69,872 | -€70,830 | -€71,463 | -€72,106 | -€72,577 | -€74,651 | -€75,387 | -€76,078 | ▼ 0.9% |
| Amounts payable17/49 | €255,150 | €253,650 | €254,650 | €254,645 | €254,625 | €256,625 | €257,125 | €258,017 | ▲ 0.3% |
| Amounts payable within one year42/48 | €255,150 | €253,650 | €254,650 | €254,645 | €254,625 | €256,625 | €257,125 | €258,017 | ▲ 0.3% |
| Other amounts payable47/48 | - | - | - | €254,645 | €254,625 | €256,625 | €257,125 | €258,017 | ▲ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,177 | -€957 | -€634 | -€643 | -€471 | -€2,074 | -€735 | -€691 | ▲ 6.0% |
| + Depreciation and write-downs630 | - | - | - | - | - | €1,557 | - | - | - |
| Operating cash flow (approximation) | -€3,177 | -€957 | -€634 | -€643 | -€471 | -€517 | -€735 | -€691 | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€1,557 | €0 | €0 | - |
| Change in cash | - | -€2,457 | €367 | -€648 | -€491 | -€74 | -€235 | €200 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00316848 |
| 31-12-2024 | abbreviated format | 28-07-2025 | 2025-00315383 |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00252988 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00282055 |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20194472 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57700492 |
| 31-12-2019 | abbreviated format | 23-07-2020 | 2020-33500527 |
| 31-12-2018 | abbreviated format | 19-08-2019 | 2019-47600503 |
| 31-12-2017 | abbreviated format | 03-08-2018 | 2018-43400161 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-53900465 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.