IRO Belgique
ActiveThe computed 12-month bankruptcy probability of IRO Belgique is 1.7% (moderate). The 2025 annual accounts show equity of €491k and a net result of €48k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 10359 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73=
Solvency59▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.78 in 2024; short-term debt: 36.5% and cash: 19.3% of total assets), but 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
34.1%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
18 d late
2023
22 d early
2022
20 d early
2021
19 d early
2020
25 d early
2019
3 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k▲ 64.9%
2024 · €29k
2018: €78k
2019: €185k
2020: €25k
2021: €34k
2022: €41k
2023: €12k
2024: €29k
2018 → 2025
Working capital
€747k▲ 175%
2024 · €271k
2018: €126k
2019: €349k
2020: €304k
2021: €49k
2022: €-98k
2023: €28k
2024: €271k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€361k-€402k▲ 11.4%€413k▲ 2.9%€443k▲ 7.1%€491k▲ 10.9%
Operating result€52k-€62k▲ 20.9%€20k▼ 68.0%€46k▲ 131%€81k▲ 75.9%
Net result€34k-€41k▲ 22.4%€12k▼ 72.0%€29k▲ 155%€48k▲ 64.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 76% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€166k▼ 38.8%
Current assets
€1.27M▲ 105%
Equity and liabilities €1.44M
Equity
€491k▲ 10.9%
Debt
€947k▲ 111%
The debt ratio rises from 50.3% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186k▲
2024 · €160k
Cash flow
€154k▲
2024 · €144k
Solvency
34.1%▼
2024 · 49.7%
Current ratio
2.42▲
2024 · 1.78
Quick ratio
1.92▲
2024 · 1.09
Debt / equity
1.93▲
2024 · 1.01
ROE
9.9%▲
2024 · 6.6%
ROA
3.4%▲
2024 · 3.3%
Interest coverage
13.21▼
2024 · 760.75
Debt
€947k▲
2024 · €448k
Debt ≤ 1 year
€525k▲
2024 · €348k
Debt > 1 year
€422k▲
2024 · €100k
Income taxes
€24k▲
2024 · €17k
Staff costs
€290k▼
2024 · €320k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€891k€1.44M▲
Fixed assets21/28€271k€166k▼
Intangible fixed assets21€59k€24k▼
Tangible fixed assets22/27€213k€142k▼
Other tangible fixed assets26€213k€142k▼
Current assets29/58€619k€1.27M▲
Stocks and contracts in progress3€241k€265k▲
Contracts in progress37€241k€265k▲
Amounts receivable within one year40/41€133k€625k▲
Trade receivables40€133k€622k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€143k€277k▲
Deferred charges and accrued income490/1€101k€105k▲
Equity and liabilities
Total equity and liabilities10/49€891k€1.44M▲
Equity10/15€443k€491k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€421k€469k▲
Amounts payable17/49€448k€947k▲
Amounts payable after more than one year17€100k€422k▲
Other amounts payable178/9€100k€422k▲
Amounts payable within one year42/48€348k€525k▲
Financial debts43€20k€806▼
Other loans439€20k€806▼
Trade debts44€237k€414k▲
Suppliers440/4€237k€414k▲
Taxes, remuneration and social security45€89k€108k▲
Taxes450/3€71k€97k▲
Remuneration and social security454/9€18k€11k▼
Other amounts payable47/48€2k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€320k€290k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€105k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€6k
Other operating charges640/8€19k€24k▲
Operating charges capitalised as restructuring costs649-€-9
Gross operating margin9900€499k€507k▲
Operating profit (loss)9901€46k€81k▲
Financial income75/76B€166€6k▲
Recurring financial income75€166€6k▲
Financial charges65/66B€211€14k▲
Recurring financial charges65€211€14k▲
Profit (loss) for the period before taxes9903€46k€72k▲
Income taxes67/77€17k€24k▲
Profit (loss) for the period9904€29k€48k▲
Profit (loss) for the period to be appropriated9905€29k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€421k€469k▲
Profit (loss) brought forward from the previous period14P€391k€421k▲
Social balance
Average headcount (FTE)90876.35.8▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €12k ▼72%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Highest result since 2018net €185k ▲137%
Operating result €287k, net result €185k, both a record.
31-12
Financial
Equity above €200kEq €302k ▲159%
2 profitable years in a row build equity to €302k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 82-841050 ElseneGround area
498 m²
Building footprint
296 m²
Volume, LiDAR
4,873 m³
2 parcels, Brussels, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
IRO
since 20172.267.202.675
IRO
since 20172.267.202.774
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0017/00G002 | Brussels | 356 m² | 1 · 158 m² | 21.6 m · 5 fl. |
| 11803C1196/00G000 | Flanders | 142 m² | 1 · 138 m² | 23.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CAPRISS
BE 0480.030.828
Tournai · Eq €492k
KIASMA
BE 0477.940.477
Roeselare · Eq €483k
NOEMIE
BE 0436.018.661
Heist-op-den-Berg · Eq €482k
CLC FASHION
BE 0453.995.731
Aalst · Eq €480k
Brera MH
BE 0772.397.142
Sint-Truiden · Eq €479k
Of 2,211 companies in sector 47711 we hold annual accounts for 889. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2017
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
47712Retail trade
47715Retail trade
47721Retail sale of footwear
47784Retail sale of souvenirs and religious articles
47786Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.