IRJAM
ActiveSummary
IRJAM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €53,985. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 87% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 8.89 against 8.51 in 2024; short-term debt: 9.1% and cash: 1.7% of total assets), and 9.1% of the assets are financed with debt.
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Signals
Four 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 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
90.9%
Return on assets
2.3%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
55 d early
2023
40 d early
2022
47 d early
2021
32 d early
2020
43 d early
2019
32 d early
← 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 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 45% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in East Flanders, Gambling and betting sector#6 company by total assets in East Flanders, Gambling and betting sector
Turnover
€607,348▼ 54.1%
2019 · €1.3m
EBIT margin
29.8%▼ 14.9pp
2019 · 44.7%
Net result
€53,985
2024 · -€2,492
Working capital
€1.7m▼ 11.0%
2024 · €1.9m
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
Operating result€269,880▲ 49.2%€384,412▲ 42.4%€111,442▼ 71.0%€9,580▼ 91.4%€125,546▲ 1,211%
Net result€209,460▲ 66.2%€293,738▲ 40.2%€85,578▼ 70.9%-€2,492€53,985
EBIT margin
Equity€1.7m▲ 13.9%€2.0m▲ 17.1%€2.1m▲ 4.3%€2.1m▼ 0.1%€2.1m▲ 2.6%
Total assets€2.0m▲ 14.4%€2.2m▲ 10.6%€2.4m▲ 10.0%€2.4m▼ 1.6%€2.4m=
Debt€257,143▲ 17.6%€171,791▼ 33.2%€304,992▲ 77.5%€253,606▼ 16.8%€214,807▼ 15.3%
Working capital€1.6m▲ 15.4%€1.9m▲ 17.6%€2.0m▲ 4.7%€1.9m▼ 4.3%€1.7m▼ 11.0%
Staff (FTE)3=3=3.1▲ 3.3%2.8▼ 9.7%3▲ 7.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,211% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€449,640 ▲ 123%
Current assets
€1.9m ▼ 11.5%
Equity and liabilities €2.4m
Equity
€2.1m ▲ 2.6%
Provisions
€0 ▼ 100%
Debt
€214,807 ▼ 15.3%
Debt's share of the balance-sheet total falls from 10.7% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€156,897▲
2024 · €18,734
Cash flow
€85,336▲
2024 · €6,661
Current ratio
8.89▲
2024 · 8.51
Debt to equity
0.10▼
2024 · 0.12
ROE
2.5%▲
2024 · -0.1%
ROA
2.3%▲
2024 · -0.1%
Interest coverage
55.23▲
2024 · 9.22
Debt ≤ 1 year
€214,807▼
2024 · €253,606
Income taxes
€99,519▲
2024 · €64,301
Staff costs
€192,525▲
2024 · €180,513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €78,284 | €146,841 | €180,271 | €180,513 | €192,525 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,720 | €6,918 | €10,243 | €9,154 | €31,351 | ▲ 242% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €16,100 | -€16,100 | ▼ 200% |
| Other operating charges640/8 | €185,406 | €306,511 | €328,773 | €300,375 | €311,362 | ▲ 3.7% |
| Gross operating margin9900 | €542,290 | €844,682 | €630,729 | €515,722 | €644,684 | ▲ 25.0% |
| Operating profit (loss)9901 | €269,880 | €384,412 | €111,442 | €9,580 | €125,546 | ▲ 1,211% |
| Financial income75/76B | €5,965 | €8,998 | €14,420 | €54,260 | €30,799 | ▼ 43.2% |
| Recurring financial income75 | €5,965 | €8,998 | €14,420 | €54,260 | €30,799 | ▼ 43.2% |
| Financial charges65/66B | €381 | €730 | €4,833 | €2,032 | €2,841 | ▲ 39.8% |
| Recurring financial charges65 | €381 | €730 | €4,833 | €2,032 | €2,841 | ▲ 39.8% |
| Profit (loss) for the period before taxes9903 | €275,464 | €392,681 | €121,029 | €61,808 | €153,504 | ▲ 148% |
| Income taxes67/77 | €66,003 | €98,943 | €35,451 | €64,301 | €99,519 | ▲ 54.8% |
| Profit (loss) for the period9904 | €209,460 | €293,738 | €85,578 | -€2,492 | €53,985 | ▲ 2,266% |
| Profit (loss) for the period to be appropriated9905 | €209,460 | €293,738 | €85,578 | -€2,492 | €53,985 | ▲ 2,266% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.2m | €2.4m | €2.4m | €2.4m | = |
| Fixed assets21/28 | €100,266 | €111,719 | €101,476 | €201,529 | €449,640 | ▲ 123% |
| Tangible fixed assets22/27 | €16,233 | €27,686 | €17,443 | €117,496 | €365,608 | ▲ 211% |
| Plant, machinery and equipment23 | €8,710 | €22,791 | €15,022 | €96,873 | €181,046 | ▲ 86.9% |
| Furniture and vehicles24 | - | - | - | €5,554 | €3,594 | ▼ 35.3% |
| Other tangible fixed assets26 | €7,523 | €4,895 | €2,421 | €15,069 | €180,968 | ▲ 1,101% |
| Financial fixed assets28 | €84,033 | €84,033 | €84,033 | €84,033 | €84,033 | = |
| Current assets29/58 | €1.9m | €2.1m | €2.3m | €2.2m | €1.9m | ▼ 11.5% |
| Amounts receivable within one year40/41 | €1.8m | €2.0m | €2.2m | €2.1m | €1.9m | ▼ 11.2% |
| Trade receivables40 | €166 | €12,873 | €20,228 | €19,981 | €2,041 | ▼ 89.8% |
| Other amounts receivable41 | €1.8m | €2.0m | €2.2m | €2.1m | €1.9m | ▼ 10.5% |
| Cash at bank and in hand54/58 | €44,735 | €60,433 | €85,485 | €50,869 | €38,992 | ▼ 23.3% |
| Deferred charges and accrued income490/1 | - | - | - | €883 | €644 | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.4m | €2.4m | €2.4m | = |
| Equity10/15 | €1.7m | €2.0m | €2.1m | €2.1m | €2.1m | ▲ 2.6% |
| Contributions10/11 | €966,656 | €966,656 | €966,656 | €966,656 | €966,656 | = |
| Profit (loss) carried forward14 | €747,800 | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 4.8% |
| Provisions and deferred taxes16 | - | - | - | €16,100 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €16,100 | - | - |
| Other liabilities and charges164/5 | - | - | - | €16,100 | - | - |
| Amounts payable17/49 | €257,143 | €171,791 | €304,992 | €253,606 | €214,807 | ▼ 15.3% |
| Amounts payable within one year42/48 | €253,509 | €165,474 | €304,992 | €253,606 | €214,807 | ▼ 15.3% |
| Trade debts44 | €136,741 | €40,880 | €214,121 | €178,063 | €129,857 | ▼ 27.1% |
| Suppliers440/4 | €136,741 | €40,880 | €214,121 | €178,063 | €129,857 | ▼ 27.1% |
| Taxes, remuneration and social security45 | €100,490 | €112,096 | €81,834 | €67,005 | €65,685 | ▼ 2.0% |
| Taxes450/3 | €79,609 | €90,532 | €61,733 | €52,014 | €48,018 | ▼ 7.7% |
| Remuneration and social security454/9 | €20,881 | €21,564 | €20,102 | €14,991 | €17,666 | ▲ 17.8% |
| Other amounts payable47/48 | €16,278 | €12,498 | €9,037 | €8,539 | €19,265 | ▲ 126% |
| Accrued charges and deferred income492/3 | €3,634 | €6,317 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €209,460 | €293,738 | €85,578 | -€2,492 | €53,985 | ▲ 2,266% |
| + Depreciation and write-downs630 | €8,720 | €6,918 | €10,243 | €9,154 | €31,351 | ▲ 242% |
| Operating cash flow (approximation) | €218,180 | €300,656 | €95,821 | €6,661 | €85,336 | ▲ 1,181% |
| Investment in fixed assets (approximation) | - | -€18,371 | €0 | -€109,207 | -€279,463 | ▼ 156% |
| Change in cash | - | €15,698 | €25,052 | -€34,616 | -€11,877 | ▲ 65.7% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €53,985
Net result €53,985 after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€2,492
Net result drops to -€2,492, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2mEq €2.0m ▲17.1%
5 profitable years in a row build equity to €2.0m.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €412,335 ▲26.6%
Operating result €592,484, net result €412,335, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.93
Current ratio from 1.90 to 3.93; short-term debt falls from €943,116 to €430,356.
Show earlier events
31-12
Financial
Equity above €1mEq €1.4m ▲42.7%
2 profitable years in a row build equity to €1.4m.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Aalst · 1 establishment unit since 2000
Ground area
2.0 ha
Building footprint
2,445 m²
Volume, LiDAR
47,204 m³
2 parcels, Flanders · tallest building 58.8 m, ±9 floors. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
Vitsdam(BOR) 11, 2880 Bornem
since 20002.097.107.732
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0932/00D000 | Flanders | 1.7 ha | 1 · 2,128 m² | 58.8 m · 9 fl. |
| 12007A0233/00N000 | Flanders | 3,131 m² | 1 · 317 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
NGG
31 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
Highest known parent: NGG. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 1
-
50%
According to the 2025 annual accounts of IRJAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 18,000 EUR awarded · 18,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 18,000 EUR | 18,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBornem2.097.107.732
Similar companies · same sector, comparable size
WITTE POMPEN
BE 0444.926.330
Turnhout · Eq €2,173,680
BREYDEL GAMES
BE 0862.109.175
Aalst · Eq €2,226,730
Bastenie
BE 0404.074.383
Antwerpen · Eq €2,233,935
GOLDEN PALACE ANTWERPEN
BE 0713.710.558
Brussel · Eq €2,236,780
NEW VEGAS
BE 0473.897.359
Anzegem · Eq €2,262,848
Of 506 companies in sector 92000 we hold annual accounts for 302. 156 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
Founded15-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
92000Gambling and betting activities
46349Wholesale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468317483
Registered
01-08-2021
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.