Iristone Engineering
ActiveSummary
Iristone Engineering has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,955 and a net result of €213,775. Equity is shrinking by ~62.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 5% of 277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+90
Solvency27▲+27
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.85; short-term debt: 21.1% and cash: 0% of total assets), but 97.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.4%
Return on assets
25.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 277 sector peers (2025).
NBB · sector comparisonPosition among 277 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
250 d late
2022
on the day
2021
178 d late
2020
131 d late
2019
441 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 143 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% 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 31 July (4 of the last 5 filed years within 178 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€213,775
2024 · -€46,103
Working capital
€324,809▼ 5.4%
2020 · €343,174
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,330▼ 175%-€34,547▲ 9.9%-€43,632▼ 26.3%-€35,000▲ 19.8%€213,843
Net result-€41,110below the sector's middle half▼ 194%-€40,651below the sector's middle half▲ 1.1%-€52,273below the sector's middle half▼ 28.6%-€46,103below the sector's middle half▲ 11.8%€213,775above the sector's middle half
Equity-€54,793below the sector's middle half▼ 128%-€95,444below the sector's middle half▼ 74.2%-€147,717below the sector's middle half▼ 54.8%-€193,820below the sector's middle half▼ 31.2%€19,955below the sector's middle half
Total assets€417,976below the sector's middle half▲ 0.1%€417,003below the sector's middle half▼ 0.2%€417,014within the sector's middle half=€417,022within the sector's middle half=€829,530below the sector's middle half▲ 98.9%
Debt€450,111▲ 7.4%€489,789▲ 8.8%€542,073▲ 10.7%€588,184▲ 8.5%€786,917▲ 33.8%
Working capital€324,809below the sector's middle half
Solvency-13.1%below the sector's middle half▼ 7.3pp-22.9%below the sector's middle half▼ 9.8pp-35.4%below the sector's middle half▼ 12.5pp-46.5%below the sector's middle half▼ 11.1pp2.4%below the sector's middle half▲ 48.9pp
Current ratio2.85within the sector's middle half
Return on assets (ROA)-9.8%below the sector's middle half▼ 6.5pp-9.7%below the sector's middle half▲ 0.1pp-12.5%below the sector's middle half▼ 2.8pp-11.1%below the sector's middle half▲ 1.5pp25.8%above the sector's middle half▲ 36.8pp
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €213,843 after a loss of €35,000 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €829,530
Fixed assets
€329,282 ▲ 8,607%
Current assets
€500,248 ▲ 21.1%
Equity and liabilities €829,530
Equity
€19,955
Provisions
€22,658
Debt
€786,917
Debt finances 94.9% of the balance-sheet total.
Key figures and ratios
Debt to equity
39.43▲
2024 · -3.03
Debt ≤ 1 year
€175,439
Debt > 1 year
€611,478▲
2024 · €588,184
A ratio outside any meaningful range has been withheld (balance sheet total €829,530, equity €19,955).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,340 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% | 1.0% |
| 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% 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 875 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,196 | €997 | - | - | - | - |
| Non-recurring operating charges66A | - | €1,420 | - | - | - | - |
| Gross operating margin9900 | -€37,134 | -€32,130 | -€43,632 | -€35,000 | €213,843 | ▲ 711% |
| Operating profit (loss)9901 | -€38,330 | -€34,547 | -€43,632 | -€35,000 | €213,843 | ▲ 711% |
| Financial charges65/66B | €2,780 | €6,104 | €8,641 | €11,103 | €68 | ▼ 99.4% |
| Recurring financial charges65 | €47 | €55 | €66 | €61 | €68 | ▲ 11.5% |
| Non-recurring financial charges66B | €2,733 | €6,049 | €8,575 | €11,042 | - | - |
| Profit (loss) for the period before taxes9903 | -€41,110 | -€40,651 | -€52,273 | -€46,103 | €213,775 | ▲ 564% |
| Profit (loss) for the period9904 | -€41,110 | -€40,651 | -€52,273 | -€46,103 | €213,775 | ▲ 564% |
| Profit (loss) for the period to be appropriated9905 | -€41,110 | -€40,651 | -€52,273 | -€46,103 | €213,775 | ▲ 564% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,976 | €417,003 | €417,014 | €417,022 | €829,530 | ▲ 98.9% |
| Fixed assets21/28 | €4,779 | €3,782 | €3,782 | €3,782 | €329,282 | ▲ 8,607% |
| Tangible fixed assets22/27 | €997 | - | - | - | - | - |
| Plant, machinery and equipment23 | €997 | - | - | - | - | - |
| Financial fixed assets28 | €3,782 | €3,782 | €3,782 | €3,782 | €329,282 | ▲ 8,607% |
| Current assets29/58 | €413,197 | €413,221 | €413,231 | €413,240 | €500,248 | ▲ 21.1% |
| Amounts receivable after more than one year29 | €413,074 | €413,074 | €413,074 | €413,074 | €413,074 | = |
| Trade receivables290 | €413,074 | €413,074 | €413,074 | €413,074 | €413,074 | = |
| Amounts receivable within one year40/41 | €122 | €146 | €156 | €165 | €173 | ▲ 4.8% |
| Other amounts receivable41 | €122 | €146 | €156 | €165 | €173 | ▲ 4.8% |
| Current investments50/53 | - | - | - | - | €87,000 | - |
| Cash at bank and in hand54/58 | €1 | €1 | €2 | €1 | €1 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,976 | €417,003 | €417,014 | €417,022 | €829,530 | ▲ 98.9% |
| Equity10/15 | -€54,793 | -€95,444 | -€147,717 | -€193,820 | €19,955 | ▲ 110% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Reserves13 | €23 | €23 | €23 | €23 | €23 | = |
| Non-distributable reserves130/1 | - | €23 | - | - | €23 | - |
| Legal reserve130 | - | €23 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €23 | - |
| Distributable reserves133 | €23 | - | €23 | €23 | - | - |
| Profit (loss) carried forward14 | -€74,816 | -€115,467 | -€167,740 | -€213,843 | -€68 | ▲ 100.0% |
| Provisions and deferred taxes16 | €22,658 | €22,658 | €22,658 | €22,658 | €22,658 | = |
| Provisions for liabilities and charges160/5 | €22,658 | €22,658 | €22,658 | €22,658 | €22,658 | = |
| Other liabilities and charges164/5 | €22,658 | €22,658 | €22,658 | €22,658 | €22,658 | = |
| Amounts payable17/49 | €450,111 | €489,789 | €542,073 | €588,184 | €786,917 | ▲ 33.8% |
| Amounts payable after more than one year17 | €450,111 | €489,789 | €542,073 | €588,184 | €611,478 | ▲ 4.0% |
| Trade debts175 | €348,329 | €349,467 | €349,000 | €349,000 | €349,000 | = |
| Other amounts payable178/9 | €101,782 | €140,322 | €193,073 | €239,184 | €262,478 | ▲ 9.7% |
| Amounts payable within one year42/48 | - | - | - | - | €175,439 | - |
| Other amounts payable47/48 | - | - | - | - | €175,439 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,110 | -€40,651 | -€52,273 | -€46,103 | €213,775 | ▲ 564% |
| + Depreciation and write-downs630 | €1,196 | €997 | - | - | - | - |
| Operating cash flow (approximation) | -€39,914 | -€39,654 | -€52,273 | -€46,103 | €213,775 | ▲ 564% |
| Investment in fixed assets (approximation) | - | -€0 | -€0 | €0 | -€325,500 | ▼ 325,500,100% |
| Change in cash | - | -€0 | €1 | -€1 | €0 | ▲ 100% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €213,775
Net result €213,775 after 6 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 250 days late
2023
31-12
Financial
Weakest financial yearnet -€52,273
Net result drops to -€52,273, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 178 days late
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 131 days late
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 441 days late
2020
31-12
Financial
Liquidity times 6current ratio 5.90
Current ratio from 1.01 to 5.90; short-term debt falls from €408,285 to €70,013.
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 160 days late
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 132 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Ukkel · 1 establishment unit since 2019
Ground area
463 m²
Building footprint
242 m²
Volume, LiDAR
1,831 m³
Parcel 21618B0336/00R000, Brussels · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
IRISTONE ENGINEERING
since 20192.284.694.844
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0336/00R000 | Brussels | 463 m² | 1 · 242 m² | 10.1 m · 3 fl. |
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.
Similar companies · same sector, comparable size
b.creative international
BE 0722.597.738
Brussel · Eq €19,894
ADRIAENSEN CONSULTING
BE 0784.211.049
Braine-le-Comte · Eq €20,787
JURIDISCH MAATSCHAPPELIJK KENNISCENTRUM VOOR GERECHTSDEURWAARDERS
BE 0554.962.536
Sint-Gillis (bij-Brussel) · Eq €18,191
FEDERATIE BELGISCHE VASTGOEDEXPERTEN
BE 0783.926.581
Hasselt · Eq €17,801
Belgische Beroepsvereniging voor Mondhygiënisten
BE 0725.918.504
Puurs-Sint-Amands · Eq €22,566
Of 1,008 companies in sector 94120 we hold annual accounts for 352. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-2017
Fiscal year end31-12
Abbreviation FR
IE
Activities, NACEBEL 2025
94120Activities of professional membership organisations
Contact
E-mail
clement@iristonegroup.com
Phone
+32465850994
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673831779
Registered
22-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.