Iris Technical Services
ActiveSummary
Iris Technical Services has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€651,787) and a net result of -€742,407. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency7▼-24
Growth55=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 1.01 in 2024; short-term debt: 104% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-17.7%
Return on assets
-20.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€651,787
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
20 d early
2022
17 d early
2021
12 d early
2020
33 d early
2019
on the day
← 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 21 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#1 fastest grower in Hainaut, Construction sector#3 company by total assets in Enghien, Construction sector#9 employer in Enghien
Turnover
€2.4m▲ 33.2%
2023 · €1.8m
EBIT margin
-1.5%▲ 28.6pp
2023 · -30.1%
Net result
-€742,407▼ 1,373%
2024 · -€50,385
Working capital
-€895,641
2024 · €10,592
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
Line20212022202320242025
Turnover€1.8m€2.4m▲ 33.2%
Operating result€633,113▼ 41.8%-€1.6m-€533,765▲ 67.5%-€35,784▲ 93.3%-€694,085▼ 1,840%
Net result€472,396▼ 33.7%-€1.7m-€591,837▲ 64.1%-€50,385▲ 91.5%-€742,407▼ 1,373%
EBIT margin-30.1%-1.5%▲ 28.6pp
Equity€1.2m▼ 0.6%-€473,358€170,204€105,218▼ 38.2%-€651,787
Total assets€4.1m▼ 1.4%€2.6m▼ 37.3%€1.5m▼ 41.0%€1.8m▲ 22.2%€3.7m▲ 100%
Debt€2.9m▼ 1.7%€3.0m▲ 5.6%€1.3m▼ 55.9%€1.7m▲ 29.9%€4.3m▲ 150%
Working capital€1.2m▼ 0.1%-€444,122€322,011€10,592▼ 96.7%-€895,641
Staff (FTE)17.8▼ 2.2%15.3▼ 14.0%14.1▼ 7.8%15.4▲ 9.2%41.7▲ 171%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €694,085 in 2025 against €35,784 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€748,969 ▲ 18.6%
Current assets
€2.9m ▲ 143%
Key figures and ratios
EBITDA
-€601,596▼
2024 · €39,343
Cash flow
-€649,918▼
2024 · €24,743
Solvency
-17.7%▼
2024 · 5.7%
Current ratio
0.77▼
2024 · 1.01
Quick ratio
0.69▼
2024 · 0.85
Debt to equity
-6.65▼
2024 · 16.47
ROA
-20.1%▼
2024 · -2.7%
Interest coverage
-9.76▼
2024 · 1.22
Debt ≤ 1 year
€3.8m▲
2024 · €1.2m
Debt > 1 year
€303,597▼
2024 · €358,784
Income taxes
€1,553▲
2024 · €1,042
Staff costs
€3.1m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.8m | €2.4m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.3m | €1.3m | - | - |
| Remuneration, social security and pensions62 | - | €1.3m | €911,479 | €1.0m | €3.1m | ▲ 197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €185,330 | €142,645 | €79,276 | €75,128 | €92,489 | ▲ 23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €28,216 | €128,813 | €23,081 | -€23,028 | ▼ 200% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €525 | - | - | - | - |
| Other operating charges640/8 | - | €3,528 | €3,724 | €2,211 | €17,150 | ▲ 676% |
| Gross operating margin9900 | €2.0m | -€127,265 | €589,527 | €1.1m | €2.4m | ▲ 124% |
| Operating profit (loss)9901 | €633,113 | -€1.6m | -€533,765 | -€35,784 | -€694,085 | ▼ 1,840% |
| Financial income75/76B | - | €25,984 | €16,527 | €18,659 | €14,888 | ▼ 20.2% |
| Recurring financial income75 | €36,809 | €25,984 | €16,527 | €18,659 | €14,888 | ▼ 20.2% |
| Financial charges65/66B | - | €35,333 | €73,009 | €32,218 | €61,658 | ▲ 91.4% |
| Recurring financial charges65 | €32,929 | €35,333 | €73,009 | €32,218 | €61,658 | ▲ 91.4% |
| Profit (loss) for the period before taxes9903 | €636,993 | -€1.7m | -€590,247 | -€49,343 | -€740,854 | ▼ 1,401% |
| Income taxes67/77 | €164,597 | -€2,061 | €1,590 | €1,042 | €1,553 | ▲ 49.1% |
| Profit (loss) for the period9904 | €472,396 | -€1.7m | -€591,837 | -€50,385 | -€742,407 | ▼ 1,373% |
| Profit (loss) for the period to be appropriated9905 | €472,396 | -€1.7m | -€591,837 | -€50,385 | -€742,407 | ▼ 1,373% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €2.6m | €1.5m | €1.8m | €3.7m | ▲ 100% |
| Fixed assets21/28 | €817,664 | €700,125 | €653,687 | €631,690 | €748,969 | ▲ 18.6% |
| Intangible fixed assets21 | €1,925 | €1,925 | €0 | - | €106,040 | - |
| Tangible fixed assets22/27 | €815,642 | €698,200 | €653,687 | €631,690 | €642,929 | ▲ 1.8% |
| Land and buildings22 | - | €631,107 | €597,798 | €550,757 | €503,715 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €29,654 | €20,334 | €44,533 | €97,242 | ▲ 118% |
| Furniture and vehicles24 | - | €37,439 | €35,555 | €29,910 | €31,333 | ▲ 4.8% |
| Assets under construction and advance payments27 | - | - | - | €6,490 | €10,638 | ▲ 63.9% |
| Financial fixed assets28 | €97 | - | - | - | - | - |
| Current assets29/58 | €3.2m | €1.9m | €851,017 | €1.2m | €2.9m | ▲ 143% |
| Stocks and contracts in progress3 | €164,984 | €89,584 | €91,781 | €195,969 | €290,165 | ▲ 48.1% |
| Stocks30/36 | - | - | €91,781 | €195,969 | €290,165 | ▲ 48.1% |
| Contracts in progress37 | - | €89,584 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2.9m | €1.7m | €714,557 | €978,266 | €2.6m | ▲ 169% |
| Trade receivables40 | - | €1.7m | €684,782 | €936,890 | €2.5m | ▲ 172% |
| Other amounts receivable41 | - | €40,391 | €29,775 | €41,376 | €83,098 | ▲ 101% |
| Cash at bank and in hand54/58 | €107,407 | €49,447 | €19,726 | €26,973 | €1,322 | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | €19,858 | €24,953 | €5,574 | €14,530 | ▲ 161% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €2.6m | €1.5m | €1.8m | €3.7m | ▲ 100% |
| Equity10/15 | €1.2m | -€473,358 | €170,204 | €105,218 | -€651,787 | ▼ 719% |
| Contributions10/11 | €76,875 | €76,875 | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €76,875 | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €76,875 | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €7,688 | €7,688 | €7,688 | €7,688 | €7,688 | = |
| Non-distributable reserves130/1 | - | €7,688 | €7,688 | €7,688 | €7,688 | = |
| Legal reserve130 | - | €7,688 | €7,688 | €7,688 | €7,688 | = |
| Profit (loss) carried forward14 | €1.0m | -€630,927 | -€1.2m | -€1.3m | -€2.0m | ▼ 58.3% |
| Investment grants15 | - | €73,006 | €58,405 | €43,803 | €29,202 | ▼ 33.3% |
| Amounts payable17/49 | €2.9m | €3.0m | €1.3m | €1.7m | €4.3m | ▲ 150% |
| Amounts payable after more than one year17 | €545,602 | €466,727 | €413,157 | €358,784 | €303,597 | ▼ 15.4% |
| Financial debts170/4 | - | €466,727 | €413,157 | €358,784 | €303,597 | ▼ 15.4% |
| Amounts payable within one year42/48 | €2.0m | €2.3m | €529,006 | €1.2m | €3.8m | ▲ 220% |
| Current portion of amounts payable after more than one year42 | - | €52,779 | €53,570 | €54,373 | €55,188 | ▲ 1.5% |
| Trade debts44 | €1.1m | €499,913 | €176,817 | €271,219 | €730,520 | ▲ 169% |
| Suppliers440/4 | - | €499,913 | €176,817 | €271,219 | €730,520 | ▲ 169% |
| Advances received on contracts in progress46 | - | €36,239 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €134,490 | €140,506 | €174,841 | €562,444 | ▲ 222% |
| Taxes450/3 | - | €14,482 | €24,854 | €19,435 | €45,517 | ▲ 134% |
| Remuneration and social security454/9 | - | €120,008 | €115,652 | €155,406 | €516,927 | ▲ 233% |
| Other amounts payable47/48 | - | €1.6m | €158,113 | €695,758 | €2.5m | ▲ 257% |
| Accrued charges and deferred income492/3 | - | €262,634 | €392,337 | €178,280 | €201,518 | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €472,396 | -€1.7m | -€591,837 | -€50,385 | -€742,407 | ▼ 1,373% |
| + Depreciation and write-downs630 | €185,330 | €142,645 | €79,276 | €75,128 | €92,489 | ▲ 23.1% |
| Operating cash flow (approximation) | €657,726 | -€1.5m | -€512,561 | €24,743 | -€649,918 | ▼ 2,727% |
| Investment in fixed assets (approximation) | - | -€25,106 | -€32,838 | -€53,130 | -€209,768 | ▼ 295% |
| Change in cash | - | -€57,960 | -€29,721 | €7,247 | -€25,651 | ▼ 454% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150,000Eq €170,204
Equity rises from -€473,358 to €170,204.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€1.7m
Net result drops to -€1.7m, the lowest in the series; recovery starts the following year.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Highest result since 2019net €712,534 ▲196%
Operating result €1.1m, net result €712,534, both a record.
30-06
Financial
Equity above €1mEq €1.2m ▲139%
2 profitable years in a row build equity to €1.2m.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 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, Enghien · 1 establishment unit since 2012
Ground area
4,375 m²
Parcel 55025B0283/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Iris Technical Services
since 20122.207.351.301
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025B0283/00A000 | Wallonia | 4,375 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesIris Technical Services SA#10364
Iris Technical Services SA43849
Legal Entity Identifier
254900UXDHNN10BZ6N10
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
81100Combined facilities support activities
68121Development of residential building projects
68122Development of non-residential building projects
43120Site preparation
43221Plumbing work
43230Insulation installation
43240Other construction installation
68110Buying and selling of own real estate
Contact
Website
www.iris.be
Scores and ratios are computed by Checked and are not a credit decision.