Iris Technical Services
ActiveSummary
The computed 12-month bankruptcy probability of Iris Technical Services is 5.6% (elevated). 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 2,441 sector peers (NACE 43, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 41.7 FTE
- Equity
- -€651,787
- Loss
- -€742,407
- Parent
- IRIS GROUP · 100%
- ARTYMDirector · permanent representative Patrick JANSSENS van der MAELEN
- Iris Group saDirector · permanent representative Sandra de KERCKHOVE
Why 33raises riskNegative equity -€651,787Loss of €742,407, the second in a row (financial year 2025)Liquidity: current ratio 0.77, cash €1,322, halvedlowers riskFigures for financial year 2025 (filed 30-06-2026)Show the evidence
Checked score
About 6 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 43, small): better than 2% on solvency, 0% on liquidity, 2% on profitability and 0% on growth.
The bankruptcy probability was computed on 29-10-2026 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 7 accounts on average 21 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Permanent representative: Sandra de KERCKHOVEGazette deed
- Reappointments: Iris Group sa (director) and…Power of attorney
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €694,085 in 2025 against €35,784 in 2024; the loss grows.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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), Staff (FTE).
- 2023 Net result +64% on 2022. The previous financial year ran 18 months, this one 12.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83.4% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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 598 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 | 2019 | 2020 | 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 | €0.9m | €1.0m | €3.1m | ▲ 197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.2m | €0.2m | €0.1m | €0.08m | €0.08m | €0.09m | ▲ 23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.03m | €0.1m | €0.02m | -€0.02m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.001m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.004m | €0.004m | €0.002m | €0.02m | ▲ 676% |
| Gross operating margin9900 | €1.5m | €2.1m | €2.0m | -€0.1m | €0.6m | €1.1m | €2.4m | ▲ 124% |
| Operating profit (loss)9901 | €0.4m | €1.1m | €0.6m | -€1.6m | -€0.5m | -€0.04m | -€0.7m | ▼ 1,840% |
| Financial income75/76B | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 20.2% |
| Recurring financial income75 | €0.02m | €0.01m | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 20.2% |
| Financial charges65/66B | - | - | - | €0.04m | €0.07m | €0.03m | €0.06m | ▲ 91.4% |
| Recurring financial charges65 | €0.05m | €0.04m | €0.03m | €0.04m | €0.07m | €0.03m | €0.06m | ▲ 91.4% |
| Profit (loss) for the period before taxes9903 | €0.4m | €1.1m | €0.6m | -€1.7m | -€0.6m | -€0.05m | -€0.7m | ▼ 1,401% |
| Income taxes67/77 | €0.1m | €0.3m | €0.2m | -€0.002m | €0.002m | €0.001m | €0.002m | ▲ 49.1% |
| Profit (loss) for the period9904 | €0.2m | €0.7m | €0.5m | -€1.7m | -€0.6m | -€0.05m | -€0.7m | ▼ 1,373% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.7m | €0.5m | -€1.7m | -€0.6m | -€0.05m | -€0.7m | ▼ 1,373% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.0m | €4.1m | €4.1m | €2.6m | €1.5m | €1.8m | €3.7m | ▲ 100% |
| Fixed assets21/28 | €2.4m | €0.9m | €0.8m | €0.7m | €0.7m | €0.6m | €0.7m | ▲ 18.6% |
| Intangible fixed assets21 | €0.007m | €0.004m | €0.002m | €0.002m | €0 | - | €0.1m | - |
| Tangible fixed assets22/27 | €2.4m | €0.9m | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 1.8% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 8.5% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.04m | €0.1m | ▲ 118% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | ▲ 4.8% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.006m | €0.01m | ▲ 63.9% |
| Financial fixed assets28 | €50 | €50 | €97 | - | - | - | - | - |
| Current assets29/58 | €1.7m | €3.2m | €3.2m | €1.9m | €0.9m | €1.2m | €2.9m | ▲ 143% |
| Stocks and contracts in progress3 | €0.07m | €0.04m | €0.2m | €0.09m | €0.09m | €0.2m | €0.3m | ▲ 48.1% |
| Stocks30/36 | - | - | - | - | €0.09m | €0.2m | €0.3m | ▲ 48.1% |
| Contracts in progress37 | - | - | - | €0.09m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €2.0m | €2.9m | €1.7m | €0.7m | €1.0m | €2.6m | ▲ 169% |
| Trade receivables40 | - | - | - | €1.7m | €0.7m | €0.9m | €2.5m | ▲ 172% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.03m | €0.04m | €0.08m | ▲ 101% |
| Cash at bank and in hand54/58 | €0.3m | €1.2m | €0.1m | €0.05m | €0.02m | €0.03m | €0.001m | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.006m | €0.01m | ▲ 161% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.0m | €4.1m | €4.1m | €2.6m | €1.5m | €1.8m | €3.7m | ▲ 100% |
| Equity10/15 | €0.5m | €1.2m | €1.2m | -€0.5m | €0.2m | €0.1m | -€0.7m | - |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | - | - | €0.08m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | - | - | €0.08m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €0.006m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | €0.3m | €1.0m | €1.0m | -€0.6m | -€1.2m | -€1.3m | -€2.0m | ▼ 58.3% |
| Investment grants15 | - | - | - | €0.07m | €0.06m | €0.04m | €0.03m | ▼ 33.3% |
| Amounts payable17/49 | €3.5m | €2.9m | €2.9m | €3.0m | €1.3m | €1.7m | €4.3m | ▲ 150% |
| Amounts payable after more than one year17 | €1.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 15.4% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 15.4% |
| Amounts payable within one year42/48 | €1.6m | €2.0m | €2.0m | €2.3m | €0.5m | €1.2m | €3.8m | ▲ 220% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.06m | ▲ 1.5% |
| Trade debts44 | €0.8m | €1.0m | €1.1m | €0.5m | €0.2m | €0.3m | €0.7m | ▲ 169% |
| Suppliers440/4 | - | - | - | €0.5m | €0.2m | €0.3m | €0.7m | ▲ 169% |
| Advances received on contracts in progress46 | - | - | - | €0.04m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | €0.6m | ▲ 222% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.02m | €0.05m | ▲ 134% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.5m | ▲ 233% |
| Other amounts payable47/48 | - | - | - | €1.6m | €0.2m | €0.7m | €2.5m | ▲ 257% |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 13.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.7m | €0.5m | -€1.7m | -€0.6m | -€0.05m | -€0.7m | ▼ 1,373% |
| + Depreciation and write-downs630 | €0.4m | €0.2m | €0.2m | €0.1m | €0.08m | €0.08m | €0.09m | ▲ 23.1% |
| Operating cash flow (approximation) | €0.6m | €0.9m | €0.7m | -€1.5m | -€0.5m | €0.02m | -€0.6m | - |
| Investment in fixed assets (approximation) | - | €1.3m | -€0.1m | -€0.03m | -€0.03m | -€0.05m | -€0.2m | ▼ 295% |
| Change in cash | - | €0.9m | -€1.1m | -€0.06m | -€0.03m | €0.007m | -€0.03m | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00249455 |
| 31-12-2024 | full format | 30-06-2025 | 2025-00226601 |
| 31-12-2023 | full format | 11-07-2024 | 2024-00260284 |
| 31-12-2022 | full format | 14-07-2023 | 2023-00251570 |
| 30-06-2021 | full format | 19-01-2022 | 2022-01300136 |
| 30-06-2020 | full format | 29-12-2020 | 2020-77500034 |
| 30-06-2019 | full format | 31-01-2020 | 2020-03800200 |
| 30-06-2018 | full format | 28-01-2019 | 2019-02500491 |
| 30-06-2017 | full format | 18-12-2017 | 2017-72300244 |
| 30-06-2016 | full format | 14-02-2017 | 2017-04700207 |
Similar companies · same sector, comparable size
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ARTYM |
|
| Iris Group sa |
|
Owners and capital
Owners
2 ownersChain of control
- IRIS GROUP
- Iris Technical Services
Highest known parent: IRIS GROUP. The sources do not say who stands above it.
Owners 2
- IRIS GROUPparentSourceaccounts IRIS GROUP 2025100%
- AM2SparentSourceaccounts AM2S 202380%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- IRIS GROUP €1,250,000 · créances certaines,liquides et exigibles
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-01-2024 Capital increase of €1,250,000 · to €1,326,875 · 1,250,000 new shares · “apport par actionnaire unique d'une créance certaine,liquide et exigible”
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 14 February 2012, Iris Technical Services was incorporated.1 The name was changed to Iris Technical Services in 2024.2 A capital increase in 2024 brought the capital to €1.3m.3 In 2025 the registered office moved to Enghien.4 Total assets went from €4.0m in 2019 to €3.7m in 2025 and headcount from 15.4 to 41.7 full-time equivalents.5
Acts, filings and financial milestones
23-06
Gazette deed
Permanent representative: Sandra de KERCKHOVE3 facts ▸
- Board meeting, 03-04-2026
- Permanent representative, Sandra de KERCKHOVE
- Director in office, PROGRESSIO MANAGEMENT SRL (director)
08-09
Gazette deed
Reappointments: Iris Group sa (director) and ARTYM (director)Power of attorney4 facts ▸
- General meeting, 20-06-2025
- Director reappointment, Iris Group sa (director)
- Director reappointment, ARTYM (director)
- Power of attorney, ARTYM
15-07
Gazette deed
Registered office · MiscellaneousRegistered-office move2 facts ▸
- Board meeting, 21-05-2025
- Registered-office move, 2, rue llya Prigogine à 7850 Enghien
29-04
Gazette deed
Permanent representatives: Patrick JANSSENS van der MAELEN, Sandra de KERCKHOVE and 2 othersPower of attorney29 facts ▸
- Board meeting, 12-02-2025
- Board composition, ARTYM srl (director)
- Board composition, Iris Group sa (director)
- Permanent representative, Patrick JANSSENS van der MAELEN
- Permanent representative, Sandra de KERCKHOVE
- Permanent representative, Sandra de KERCKHOVE (representative)
- Permanent representative, Kevin GULDEMONT (representative)
- Permanent representative, Veerle VAN ORSHOVEN (representative)
- Power of attorney, ARTYM srl
- Power of attorney, Iris Group sa
- Power of attorney (7 times)
- Power of attorney, Christof AMICUCCI
- +17 further facts in this act
05-07
Gazette deed
Purpose · Amendment of the articles · NameName change · Purpose change · Power of attorney6 facts ▸
- General meeting, 03-06-2024
- Name change, Iris Technical Services
- Other provision, “comparant, dénomination distincte de toute autre personne morale” (deed in French)
- Purpose change
- Power of attorney
- Power of attorney, Sibylle FALLA
29-01
Gazette deed
Amendment of the articlesAuditor report · Capital increase · Capital contribution9 facts ▸
- General meeting, 28-12-2023
- Other provision, “prix d'émission des actions nouvelles, rapport du conseil d'administration” (deed in French)
- Auditor report, “aucune constatation significative à signaler, description des biens,évaluation,mode d'évaluation” (deed in French)
- Other provision, “dispense de lecture des rapports, unanimité dispense le président” (deed in French)
- Capital increase, €1,250,000
- Capital contribution, €1,250,000
- Share issue, “actions nouvelles”, 1250000 (deed in French)
- Capital, €1,326,875
- Power of attorney
25-08
Gazette deed
Reappointment: MAZARS Réviseurs d'Entreprises SRL (statutory auditor)2 facts ▸
- General meeting, 16-06-2023
- Auditor reappointment, MAZARS Réviseurs d'Entreprises SRL
Show earlier events
07-06
Gazette deed
Permanent representatives: Patrick JANSSENS van der MAELEN and Sandra de KERCKHOVEPower of attorney30 facts ▸
- Board meeting, 05-04-2023
- Board composition, ARTYM srl (director)
- Board composition, IRIS GROUP sa (director)
- Permanent representative, Patrick JANSSENS van der MAELEN
- Permanent representative, Sandra de KERCKHOVE
- Power of attorney, ARTYM srl
- Power of attorney, IRIS GROUP sa
- Power of attorney
- Other provision, “Business Director, représentation pour délégation” (deed in French)
- Power of attorney, M@VO srl
- Other provision, “Legal Counsel, représentation pour délégation” (deed in French)
- Power of attorney, Marc VANDERSTICKEL
- +18 further facts in this act
24-10
Gazette deed
Permanent representatives: Patrick JANSSENS van der MAELEN and Sandra de KERCKHOVEPower of attorney22 facts ▸
- Board meeting, 07-09-2022
- Board composition, ARTYM srl (director)
- Board composition, IRIS GROUP sa (director)
- Permanent representative, Patrick JANSSENS van der MAELEN
- Permanent representative, Sandra de KERCKHOVE
- Power of attorney, ARTYM srl
- Power of attorney, IRIS GROUP sa
- Power of attorney
- Other provision, “substitution des délégations de signatures sociales, substituer aux délégations antérieures les délégations suivantes” (deed in French)
- Other provision, “IT & Digital Director, A” (deed in French)
- Other provision, “Human Capital Director, A” (deed in French)
- Other provision, “Business Director, A” (deed in French) (3 times)
- +10 further facts in this act
13-07
Gazette deed
Amendment of the articlesPower of attorney3 facts ▸
- General meeting, 14-06-2022
- Amendment of the articles
- Power of attorney, Gérard INDEKEU
About the unread acts
Of the 22 Belgian Official Gazette deeds we know for this company, 10 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 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 0843.651.263
Recognitions · licences · registrations
Recognised contractor
7 categories- D13 Paintingclass 4, up to €1,080,000
- D21 Cleaning and restoring facadesclass 4, up to €1,080,000
- D25 Wall and floor coverings other than marble, parquet and tilesclass 4, up to €1,080,000
- D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
- D17 Central heating, thermal installationsclass 1, up to €162,000
- D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Licences in the Official Gazette
1 publicationLegal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55025B0283/00A000 | Wallonia | 4,375 m² | - | - |
How the parcels are linked
Articles of association
Who represents it, and how
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- “IRIS TECHNICAL SERVICES” (deed in French)6 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of June at 18:00