IRO
ActiveSummary
IRO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,535) and a net result of -€23,035. Its solvency ranks better than 7% of 651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43; short-term debt: 234.5% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-134.5%
Return on assets
-150.9%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
-€20,535
Total assets
€15,269
Net result
-€23,035
Working capital
-€20,535
Turnover and EBIT margin not published: the micro schema does not require them.
Key figures and ratios
EBITDA
-€21,834
Cash flow
-€21,870
Solvency
-134.5%
Current ratio
0.43
Debt to equity
-1.74
ROA
-150.9%
Interest coverage
-594.92
Debt
€35,804
Debt ≤ 1 year
€35,804
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,165 |
| Other operating charges640/8 | €239 |
| Gross operating margin9900 | -€21,595 |
| Operating profit (loss)9901 | -€22,999 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €37 |
| Recurring financial charges65 | €37 |
| Profit (loss) for the period before taxes9903 | -€23,035 |
| Profit (loss) for the period9904 | -€23,035 |
| Profit (loss) for the period to be appropriated9905 | -€23,035 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €15,269 | |
| Current assets29/58 | €15,269 | |
| Amounts receivable within one year40/41 | €15,260 | |
| Trade receivables40 | €15,213 | |
| Other amounts receivable41 | €47 | |
| Cash at bank and in hand54/58 | €10 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €15,269 | |
| Equity10/15 | -€20,535 | |
| Contributions10/11 | €2,500 | |
| Profit (loss) carried forward14 | -€23,035 | |
| Amounts payable17/49 | €35,804 | |
| Amounts payable within one year42/48 | €35,804 | |
| Trade debts44 | €11,109 | |
| Suppliers440/4 | €11,109 | |
| Advances received on contracts in progress46 | €3,739 | |
| Other amounts payable47/48 | €20,956 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€23,035 |
| + Depreciation and write-downs630 | €1,165 |
| Operating cash flow (approximation) | -€21,870 |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2024
Ground area
449 m²
Building footprint
99 m²
Parcel 25110D0778/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IRO
since 20242.367.736.247
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110D0778/00A000 | Wallonia | 449 m² | 1 · 99 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.
Similar companies · same sector and region
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AJV
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,530 companies in sector 32123 we hold annual accounts for 225. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
32123Manufacture of jewellery
32130Manufacture of imitation jewellery and related articles
47770Retail sale of watches and jewellery
Contact
E-mail
oriane.demunter@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.