IRK GROUP
ActiveSummary
IRK GROUP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €812,386 and a net result of €51,347. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-28
Solvency78▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 4.93 in 2024; short-term debt: 46.2% and cash: 0.8% of total assets), and 46.6% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
53.4%
Return on assets
3.4%
Age of the figures
18 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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
19 d late
2023
on the day
2022
14 d late
2021
4 d late
2020
58 d late
2019
162 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 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 12 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51,347▼ 66.8%
2024 · €154,767
Working capital
€790,503▼ 41.9%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,601▼ 24.1%€159,598▲ 103%€135,082▼ 15.4%€160,836▲ 19.1%€68,595▼ 57.4%
Net result€104,008within the sector's middle half▼ 9.4%€146,163within the sector's middle half▲ 40.5%€122,274within the sector's middle half▼ 16.3%€154,767above the sector's middle half▲ 26.6%€51,347above the sector's middle half▼ 66.8%
Equity€370,835within the sector's middle half▲ 39.0%€516,999within the sector's middle half▲ 39.4%€639,272within the sector's middle half▲ 23.7%€794,039within the sector's middle half▲ 24.2%€812,386above the sector's middle half▲ 2.3%
Total assets€1.1mwithin the sector's middle half▲ 29.1%€1.5mwithin the sector's middle half▲ 36.6%€1.5mwithin the sector's middle half▼ 3.0%€1.7mwithin the sector's middle half▲ 15.1%€1.5mabove the sector's middle half▼ 11.5%
Debt€757,827▲ 24.8%€1.0m▲ 35.2%€855,655▼ 16.5%€926,251▲ 8.3%€709,457▼ 23.4%
Working capital€959,432above the sector's middle half▲ 128%€1.0mabove the sector's middle half▲ 9.0%€931,895within the sector's middle half▼ 10.9%€1.4mabove the sector's middle half▲ 45.9%€790,503above the sector's middle half▼ 41.9%
Solvency32.9%within the sector's middle half▲ 2.3pp33.5%within the sector's middle half▲ 0.7pp42.8%within the sector's middle half▲ 9.2pp46.2%within the sector's middle half▲ 3.4pp53.4%within the sector's middle half▲ 7.2pp
Current ratio6.83above the sector's middle half▲ 4.893.12above the sector's middle half▼ 3.712.68above the sector's middle half▼ 0.444.93above the sector's middle half▲ 2.252.12within the sector's middle half▼ 2.80
Return on assets (ROA)9.2%within the sector's middle half▼ 3.9pp9.5%within the sector's middle half▲ 0.3pp8.2%within the sector's middle half▼ 1.3pp9.0%within the sector's middle half▲ 0.8pp3.4%within the sector's middle half▼ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -67% on 2024. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€27,916 ▲ 90.2%
Current assets
€1.5m ▼ 12.4%
Equity and liabilities €1.5m
Equity
€812,386 ▲ 2.3%
Debt
€709,457 ▼ 23.4%
Debt's share of the balance-sheet total falls from 53.8% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,611▼
2024 · €165,169
Cash flow
€55,362▼
2024 · €159,099
Debt to equity
0.87▼
2024 · 1.17
ROE
6.3%▼
2024 · 19.5%
Interest coverage
3.48▼
2024 · 30.53
Debt ≤ 1 year
€703,424▲
2024 · €346,072
Income taxes
€15,900▲
2024 · €1,017
Staff costs
€10,587▲
2024 · €3,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,662 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% | 1.7% |
| 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 75% 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 6,045 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 | - | €5,123 | €1,861 | €3,965 | €10,587 | ▲ 167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,344 | €2,731 | €6,525 | €4,332 | €4,016 | ▼ 7.3% |
| Other operating charges640/8 | - | €1,770 | €6,713 | €14,650 | €49,032 | ▲ 235% |
| Gross operating margin9900 | €124,867 | €169,222 | €150,182 | €183,784 | €132,230 | ▼ 28.1% |
| Operating profit (loss)9901 | €78,601 | €159,598 | €135,082 | €160,836 | €68,595 | ▼ 57.4% |
| Financial income75/76B | - | €5,791 | €450 | €357 | €19,523 | ▲ 5,371% |
| Recurring financial income75 | €30,507 | €5,791 | €450 | €152 | €19,523 | ▲ 12,759% |
| Non-recurring financial income76B | - | - | - | €205 | - | - |
| Financial charges65/66B | - | €9,226 | €3,258 | €5,409 | €20,871 | ▲ 286% |
| Recurring financial charges65 | €5,100 | €9,226 | €3,258 | €5,409 | €20,871 | ▲ 286% |
| Profit (loss) for the period before taxes9903 | €104,008 | €156,163 | €132,274 | €155,784 | €67,247 | ▼ 56.8% |
| Income taxes67/77 | - | €10,000 | €10,000 | €1,017 | €15,900 | ▲ 1,463% |
| Profit (loss) for the period9904 | €104,008 | €146,163 | €122,274 | €154,767 | €51,347 | ▼ 66.8% |
| Profit (loss) for the period to be appropriated9905 | €104,008 | €146,163 | €122,274 | €154,767 | €51,347 | ▼ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.5m | €1.7m | €1.5m | ▼ 11.5% |
| Fixed assets21/28 | €4,607 | €2,826 | €8,348 | €14,676 | €27,916 | ▲ 90.2% |
| Tangible fixed assets22/27 | €4,607 | €2,826 | €8,348 | €4,016 | - | - |
| Furniture and vehicles24 | - | €2,826 | €8,348 | €4,016 | - | - |
| Financial fixed assets28 | - | - | - | €10,660 | €27,916 | ▲ 162% |
| Current assets29/58 | €1.1m | €1.5m | €1.5m | €1.7m | €1.5m | ▼ 12.4% |
| Stocks and contracts in progress3 | €179,000 | €179,000 | €179,000 | €179,000 | - | - |
| Stocks30/36 | - | €179,000 | €179,000 | €179,000 | - | - |
| Amounts receivable within one year40/41 | €886,918 | €1.3m | €1.2m | €1.4m | €1.4m | ▲ 0.7% |
| Trade receivables40 | - | €1.1m | €1.0m | €1.2m | €1.3m | ▲ 5.2% |
| Other amounts receivable41 | - | €204,346 | €213,493 | €206,706 | €153,163 | ▼ 25.9% |
| Cash at bank and in hand54/58 | €20,966 | €41,804 | €34,919 | €55,049 | €12,590 | ▼ 77.1% |
| Deferred charges and accrued income490/1 | - | €37,171 | €37,171 | €37,171 | €37,171 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.5m | €1.7m | €1.5m | ▼ 11.5% |
| Equity10/15 | €370,835 | €516,999 | €639,272 | €794,039 | €812,386 | ▲ 2.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €350,375 | €496,539 | €618,812 | €773,579 | €791,926 | ▲ 2.4% |
| Amounts payable17/49 | €757,827 | €1.0m | €855,655 | €926,251 | €709,457 | ▼ 23.4% |
| Amounts payable after more than one year17 | €202,550 | €200,436 | €187,307 | €174,178 | - | - |
| Financial debts170/4 | - | €200,436 | €187,307 | €174,178 | - | - |
| Amounts payable within one year42/48 | €164,623 | €493,698 | €554,685 | €346,072 | €703,424 | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | €3,272 | €3,172 | - | - | - |
| Financial debts43 | - | €43,500 | €43,500 | €43,500 | €53,184 | ▲ 22.3% |
| Credit institutions430/8 | - | €43,500 | €43,500 | €43,500 | €53,184 | ▲ 22.3% |
| Trade debts44 | €29,615 | €349,744 | €405,347 | €219,922 | €617,241 | ▲ 181% |
| Suppliers440/4 | - | €349,744 | €405,347 | €219,922 | €617,241 | ▲ 181% |
| Advances received on contracts in progress46 | - | €60,016 | €60,016 | - | - | - |
| Taxes, remuneration and social security45 | - | €1,166 | - | - | - | - |
| Remuneration and social security454/9 | - | €1,166 | - | - | - | - |
| Other amounts payable47/48 | - | €36,000 | €42,650 | €82,650 | €33,000 | ▼ 60.1% |
| Accrued charges and deferred income492/3 | - | €330,824 | €113,663 | €406,000 | €6,033 | ▼ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,008 | €146,163 | €122,274 | €154,767 | €51,347 | ▼ 66.8% |
| + Depreciation and write-downs630 | €4,344 | €2,731 | €6,525 | €4,332 | €4,016 | ▼ 7.3% |
| Operating cash flow (approximation) | €108,352 | €148,894 | €128,799 | €159,099 | €55,362 | ▼ 65.2% |
| Investment in fixed assets (approximation) | - | -€950 | -€12,047 | -€10,660 | -€17,256 | ▼ 61.9% |
| Change in cash | - | €20,838 | -€6,885 | €20,130 | -€42,459 | ▼ 311% |
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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
31-03
Financial
Weakest financial yearnet €51,347 ▼66.8%
Net result drops to €51,347, the lowest in the series.
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
31-03
Financial
Highest result since 2019net €154,767 ▲26.6%
Operating result €160,836, net result €154,767, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 14 days late
31-03
Financial
Equity above €500,000Eq €516,999 ▲39.4%
4 profitable years in a row build equity to €516,999.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
31-03
Financial
Liquidity quadruplescurrent ratio 6.83
Current ratio from 1.93 to 6.83; short-term debt falls from €450,793 to €164,623.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 162 days late
31-03
Financial
Equity above €200,000Eq €266,827 ▲51.2%
2 profitable years in a row build equity to €266,827.
Show earlier events
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2013
Ground area
798 m²
Building footprint
800 m²
Volume, LiDAR
17,159 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
177
companies at this address
See who is registered here
1 establishment unit
IRK GROUP
since 20132.218.660.511
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21562A0170/00M000 | Brussels | 98 m² | 1 · 100 m² | 16.6 m · 4 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.
Recognitions · licences · registrations
Recognised contractor
11 categoriesIRK GROUP SRL39319
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 7,267 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)
Founded09-04-2013
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0525836604
Also
9925:BE0525836604
Registered
01-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.