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IRIS INDUSTRY SOLUTIONS

Active
Public limited companyfounded 199432 yrs activeWinkelomseheide 219, 2440 Geel, BelgiumKBO/BCE: BE 0453.520.431
Summary

IRIS INDUSTRY SOLUTIONS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.8m and a net result of €1.2m. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
IRIS INDUSTRY SOLUTIONSActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Activity
Specialised construction activities
NACE 43342NACE 45441NACE 45450
#2 employer in Geel, Construction sector4 sites
Size
€50.0mturnover 2025
Staff
276.9 FTE
Equity
€6.8m
Profit
€1.2m
Financial health
83 Excellent Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Parent
IRIS GROUP · 99.99%
Board
9 members
Holdings
1
Auditor: MAZARS REVISEURS D'ENTREPRISESAccounts 15 d early
Why 83- Liquidity: current ratio 1.55, cash €469,041- 1 change of registered office in 24 months+ Profit of €1.2m (FY 2025)+ Figures for FY 2025 (filed 16-07-2026)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (NACE 43, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 67+18
equity 42.2% of total assets
Liquidity 28+16
short-term debt 51.2% · cash 2.9%
Profitability 67+6
return on assets 7.6%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (35 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%● 0.0% vs 12-2024 02-2025: 0.8%▼ -3.4% vs 01-2025 03-2025: 0.8%▲ +1.8% vs 02-2025 04-2025: 0.8%▲ +3.2% vs 03-2025 05-2025: 0.8%▲ +2.3% vs 04-2025 06-2025: 0.9%▲ +0.5% vs 05-2025 07-2025: 1.0%▲ +22.2% vs 06-2025 08-2025: 0.9%▼ -13.4% vs 07-2025 09-2025: 0.9%● 0.0% vs 08-2025 10-2025: 0.9%● 0.0% vs 09-2025 11-2025: 0.9%● 0.0% vs 10-2025 12-2025: 0.9%● 0.0% vs 11-2025 01-2026: 0.9%● 0.0% vs 12-2025 02-2026: 0.9%▼ -3.4% vs 01-2026 03-2026: 1.4%▲ +55.8% vs 02-2026 04-2026: 1.4%▲ +4.7% vs 03-2026 05-2026: 1.7%▲ +19.4% vs 04-2026 06-2026: 1.7%▲ +2.0% vs 05-2026 07-2026: 1.8%▲ +2.0% vs 06-2026highest value 08-2026: 0.5%▼ -69.3% vs 07-2026lowest value 09-2026: 0.5%● 0.0% vs 08-2026lowest value 10-2026: 0.5%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 1.55, cash €469,041 raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Profit of €1.2m (FY 2025) lowers the probability
  • Figures for FY 2025 (filed 16-07-2026) lowers the probability
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.19 in 2024; short-term debt: 51.2% and cash: 2.9% of total assets), but 57.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, large). Better than this share of them on solvency 91%, liquidity 59%, profitability 53%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.55, cash €469,041
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Profit of €1.2m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 16-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 d early
2024
23 d early
2023
20 d early
2022
34 d early
2021
25 d early
2020
22 d early
2019
3 d late
← 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 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignations & appointmentsPower of attorney
  3. Permanent representatives: Jeroen NEVELSTEEN, Suzanne van…Power of attorney

Key points

  • Positive: Among the best 7% on equitysector median €450,253 · 2,284 companies €6.8m View
  • Positive: Result rose in 2025from €761,385 to €1.2m ▲ 60.7% View
  • Board changedlatest change 19-02-2026 · 9 in office 3 joined · 3 left View
  • Positive: 8 profitable years in a rowprofit 2025: €1.2m 8 years View
  • Controlled by IRIS GROUPknown shareholders 99.99% 99.99% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Flemish supportawarded 2022 - 2025 €60,419 View

By topic

Financials

Fiscal year
2025
Turnover
€50.0m
Profit
€1.2m
Solvency
42.2%
Turnover▼ 1.7%
Net result
20182025
Go to Financials

Board & ownership

Board
9 members
Parent
IRIS GROUP · 99.99%
Known shareholders
99.99%
Auditor
MAZARS REVISEURS D'ENTREPRISES
Go to Board & ownership

Timeline

Events
65
Since
2006
Next accounts
by 31-07-2027
  1. 16-07-2026Annual accounts filed
  2. 10-07-2026Resignations & appointments
  3. 02-04-2026Permanent representatives: Jeroen NEVELSTEEN, Suzanne van MOORSEL…
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Specialised construction activitiesNACE 43342
Founded
28-09-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
40
Purpose
De fabricage, de transformatie, de uitvoer, de invoer, de aankoop, de verkoop, de…
Go to Articles of association

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