Checked.be
Active
BE 0478.505.156Private limited company
IRO IRO
Hoogstepuntlaan(PEL) 12 ·3212 Lubbeek, Belgium· 23 yrs active
Sector: Manufacture of fabricated metal products, except machinery and equipment
(25999)
Conclusion
IRO IRO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 82% of 1839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €5k |
| Better than sector | 82% |
| Active | 23 yrs |
| Board | 2 |
Financial profile
82
/ 100
Strong profile, led by solvency.
Computed on 4 of 5 axes. Not measured: profitability. An unmeasured axis is not a zero: no data was read for it.
Health
75
Profitability
-
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2002, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
75
/ 100
Excellent
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
60
2022
78
2023
62
2024
75
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.61 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.61 (≥ 1.0)
+5
Leverage
Debt/equity 0.28 (< 1.0)
+10
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-02-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±1.5%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.3% | 45.5% | |
| Equity | €5k | €77k | |
| Total assets | €6k | €192k |
€-408
-
22-25
€6k
0.0%
22-25
€5k
0.0%
22-25
€5k
0.0%
22-25
€1k
0.0%
22-25
€1k
0.0%
22-25
4.61
0.0%
22-25
4.61
0.0%
22-25
78.3%
0.0%
22-25
0.28
0.0%
22-25
-8.7%
-
22-25
-6.8%
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | - | €-408 | €815 | €714 |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €6k | €6k | €20k | €19k |
| Equity | €5k | €5k | €5k | €4k |
| Debt | €1k | €1k | €15k | €15k |
| of which ≤ 1y | €1k | €1k | €15k | €15k |
| of which > 1y | - | - | - | - |
| Working capital | €5k | €5k | €5k | €4k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.61 | 4.61 | 1.34 | 1.29 |
| Quick ratio | 4.61 | 4.61 | 1.34 | 1.29 |
| Working capital ratio | 78.3% | 78.3% | 25.4% | 22.6% |
| Solvency | 78.3% | 78.3% | 25.4% | 22.2% |
| Debt / equity | 0.28 | 0.28 | 2.93 | 3.51 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | - | -6.8% | 4.1% | 3.7% |
| ROE | - | -8.7% | 16.0% | 16.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (17 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €6k | €6k | €20k | €19k |
| Current assets | 29/58 | €6k | €6k | €20k | €19k |
| Amounts receivable within one year | 40/41 | - | - | €20k | €19k |
| Cash & bank | 54/58 | €6k | €6k | €186 | €133 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6k | €6k | €20k | €19k |
| Equity | 10/15 | €5k | €5k | €5k | €4k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €33 | €33 | €33 | €33 |
| Accumulated profits (losses) | 14 | €-2k | €-2k | €-1k | €-2k |
| Amounts payable | 17/49 | €1k | €1k | €15k | €15k |
| Amounts payable within one year | 42/48 | €1k | €1k | €15k | €15k |
| Income statement | |||||
| Gross operating margin | 9900 | - | - | €1k | €1k |
| Operating result | 9901 | - | €-384 | €839 | €737 |
| Financial charges | 65 | - | €24 | €24 | €23 |
| Result before taxes | 9903 | - | €-408 | €815 | €714 |
| Net result for the period | 9904 | - | €-408 | €815 | €714 |
| Result to be appropriated | 9905 | - | €-408 | €815 | €714 |
Directors & mandates
Current directors & mandates
-
Current11-12-2025 → present
-
Current11-12-2025 → present
Former directors (1)
-
Former- → 11-12-2025
Legal Structure
| NACE primary | Manufacture of fabricated metal products, except machinery and equipment(25999) |
| Legal form | Private limited company(610) |
| Incorporation | 07-10-2002 |
| Status | Active |
| Postal code | 3212 |
Establishment units
Hoogstepuntlaan(PEL) 12, 3212 Lubbeek
since 20022.115.430.042
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24090C0009/00S000 | Flanders | 1,368 m² | 1 · 182 m² | 10.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
11-12
State Gazette act
Statutes amendment
v3.2
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €-408 ▼150%
Net result drops to €-408, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 4.61
Current ratio from 1.34 to 4.61; short-term debt falls from €15k to €1k.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Highest result since 2022net €815 ▲14.2%
Operating result €839, net result €815, both a record.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 8 months ago
2025
11-12-2025 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": true,
"seat_change": true,
"object_change": true,
"effective_date": "2025-12-09",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0478.505.156",
"name_full": "PARTENAIRE",
"legal_form": "BVBA"
},
"signature_regime": "solo",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}Credit advice
Company registry (CBE)
Activities
Manufacture of fabricated metal products, except machinery and equipment25999Other amusement and recreation activities93299
Names & trade names
| Legal nameNL | IRO IRO |
Similar companies
PDS BV
BE 0475.753.425 · Wuustwezel
DICARTIS
BE 0820.040.374 · Soignies
JEBO Verspaningstechnieken
BE 0798.918.823 · Kasterlee
F. POWER SOLUTIONS
BE 0745.851.014 · Genappe
SYCA GROUP
BE 1030.287.082 · Flémalle