IRIS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IRIS CONSTRUCT is 8.8% (elevated). The 2025 annual accounts show equity of €24,470 and a net result of €16,482. Its solvency ranks better than 81% of 9,309 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €24,470
- Profit
- €16,482
Why 37raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)No registered site in the KBOSize: total assets €33,530Show the evidence
Checked score
About 9 in 100 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 (NACE 41, micro): better than 82% on solvency, 36% on liquidity, 91% on profitability and 95% on growth.
The bankruptcy probability was computed on 25-10-2026 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 2 accounts on average 79 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: MINCU Liliana Mihaela (director)…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00493001.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is over 3.3 times 2024.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 8.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 39,278 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €956 | - | - |
| Other operating charges640/8 | €250 | - | - |
| Gross operating margin9900 | €7,865 | €22,099 | ▲ 181% |
| Operating profit (loss)9901 | €6,659 | €22,099 | ▲ 232% |
| Financial charges65/66B | €9 | €122 | ▲ 13× |
| Recurring financial charges65 | €9 | €122 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €6,650 | €21,977 | ▲ 230% |
| Income taxes67/77 | €1,663 | €5,495 | ▲ 231% |
| Profit (loss) for the period9904 | €4,988 | €16,482 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €4,988 | €16,482 | ▲ 230% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13,628 | €33,530 | ▲ 146% |
| Current assets29/58 | €13,628 | €33,530 | ▲ 146% |
| Amounts receivable within one year40/41 | €13,627 | €33,530 | ▲ 146% |
| Other amounts receivable41 | €13,627 | €33,530 | ▲ 146% |
| Cash at bank and in hand54/58 | €1 | €0 | ▼ 64.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13,628 | €33,530 | ▲ 146% |
| Equity10/15 | €7,988 | €24,470 | ▲ 206% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €4,988 | €21,470 | ▲ 330% |
| Amounts payable17/49 | €5,640 | €9,060 | ▲ 60.6% |
| Amounts payable within one year42/48 | €5,640 | €9,060 | ▲ 60.6% |
| Trade debts44 | €3,656 | €1,634 | ▼ 55.3% |
| Suppliers440/4 | €3,656 | €1,634 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €1,984 | €7,427 | ▲ 274% |
| Taxes450/3 | €1,984 | €7,427 | ▲ 274% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,988 | €16,482 | ▲ 230% |
| + Depreciation and write-downs630 | €956 | - | - |
| Operating cash flow (approximation) | €5,943 | €16,482 | ▲ 177% |
| Change in cash | - | -€1 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00493001 |
| 31-12-2024 | micro format | 05-12-2025 | 2025-00576420 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MINCU Liliana Mihaela |
|
Owners and capital
Capital and shareholders
- MINCU Liliana Mihaela 100 shares (100%) · €3,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-06-2024 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-06
Gazette deed
IncorporationAppointment: MINCU Liliana Mihaela (director) · Founder · Founding capital9 facts ▸
- Founder, MINCU Liliana Mihaela (comparant)
- Incorporation, “IRIS CONSTRUCT” (deed in French)
- Founding capital, €3,000
- Other provision, “arrêtstatuts, statutsdelasociétételsquiressortentdel'acte” (deed in French)
- Capital
- Registered office clause, “1070 Anderlecht, Boulevard Paepsem 20/L22, à dater du dépôt au greffe expédition acte constitutif” (deed in French)
- Board rule, 1, “à dater du dépôt au greffe expédition acte constitutif” (deed in French)
- Director appointment, MINCU Liliana Mihaela (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements obligations activités entrepris par comparant au nom et pour compte société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1010.378.724
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’étudeetlaréalisationdetoustravauxdeconstruction,publicsetprivés,enqualitéd’entrepreneurgénéralouensous-traitance,laconceptionetlaconstruct…” (deed in French)
7 activities (deed in French)
- L’étudeetlaréalisationdetoustravauxdeconstruction,publicsetprivés,enqualitéd’entrepreneurgénéralouensous-traitance,laconceptionetlaconstructiondetousbâtimentsetédifices,l’étudeetlaréalisationdedécorationstantintérieuresqu’extérieures
- Toutesopérationsserapportantdirectementouindirectementàl’entretien,larénovation,lestravauxderéparations,d’embellissements,derenouvellementetdemodernisation,etlamaintenancedetouslestypesd’ouvragesd’art,debiensimmeubles,etplusgénéralementtoutesopérationsserapportantdirectementouindirectementauxsecteursdestravauxpublicsetprivésetdubâtiment
- Laprestationdeconseilsetd’assistancetantaupointdevuetechniquequ’administratifetcommercialàtoutessociétésetentreprises,pourtoutcequiconcerne lesecteurdesbiensimmobiliers
- L’acquisitiondetousterrains,laconstructiondetousbâtimentspublicsetparticuliers,l’achat,lavente,lalocation,ladivisionetlelotissementdetousimmeubles
- Lapriseenconsidérationdetoustravauxconcernantladistributiondel’eau,dugaz,del’électricité,etc.,l’établissementetl’exploitationdetousmoyensdetransport,ports,canaux,routes,etc.
- L’achat,lavente,lalocation,l’importation,l’exportationdetousmatériaux,marchandises,appareilsetoutillagesnécessairesauxtravauxdeconstruction,d’entretien,demaintenance,deréparationetderenouvellementdesouvragesd’artetbâtiments
- Lapréparation,larédactionetlaconclusionentantquemandataireoupourcomptepropre,detousmarchésdetravauxpublicsouprivésoudefournitureetfaitetoutesopérationsserattachantàcesobjets
- 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 CONSTRUCT
- 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
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, organe d'administration” (deed in French)“Fixe ou proportionnelle, frais généraux indépendamment frais représentation voyages déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs,proportionnellement si plusieurs, toutes cessions entre vifs onéreux gratuit volontaires forcées,exclusion…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, décision assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)