Ironize
ActiveSummary
Ironize has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34,261 and a net result of €5,769. Equity is growing by ~66.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-22
Solvency69▼-31
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.74 against 5.44 in 2023; short-term debt: 55.5% and cash: 34.6% of total assets), but 55.5% 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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
44.5%
Return on assets
7.5%
Age of the figures
24 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
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 9 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 27-02-2026, 303 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
303 d late
2023
18 d late
2022
4 d late
2021
9 d late
2020
7 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€34,261▲ 20.2%
2023 · €28,493
Total assets
€76,998▲ 123%
2023 · €34,560
Net result
€5,769▼ 60.0%
2023 · €14,415
Working capital
€31,548▲ 17.1%
2023 · €26,944
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€189€6,675€5,439▼ 18.5%€15,374▲ 183%€9,521▼ 38.1%
Net result-€1,693within the sector's middle half€6,349within the sector's middle half€5,227within the sector's middle half▼ 17.7%€14,415within the sector's middle half▲ 176%€5,769within the sector's middle half▼ 60.0%
Equity€2,502below the sector's middle half▼ 40.4%€8,851within the sector's middle half▲ 254%€14,078within the sector's middle half▲ 59.1%€28,493within the sector's middle half▲ 102%€34,261within the sector's middle half▲ 20.2%
Total assets€75,312within the sector's middle half▲ 29.7%€63,390within the sector's middle half▼ 15.8%€39,973below the sector's middle half▼ 36.9%€34,560below the sector's middle half▼ 13.5%€76,998within the sector's middle half▲ 123%
Debt€72,810▲ 35.1%€54,539▼ 25.1%€25,895▼ 52.5%€6,067▼ 76.6%€42,737▲ 604%
Working capital-€9,219within the sector's middle half▼ 6.8%€1,581within the sector's middle half€10,367within the sector's middle half▲ 556%€26,944within the sector's middle half▲ 160%€31,548within the sector's middle half▲ 17.1%
Solvency3.3%below the sector's middle half▼ 3.9pp14.0%within the sector's middle half▲ 10.6pp35.2%within the sector's middle half▲ 21.3pp82.4%above the sector's middle half▲ 47.2pp44.5%within the sector's middle half▼ 37.9pp
Current ratio0.87within the sector's middle half▲ 0.031.03within the sector's middle half▲ 0.161.40within the sector's middle half▲ 0.375.44above the sector's middle half▲ 4.041.74within the sector's middle half▼ 3.70
Return on assets (ROA)-2.2%below the sector's middle half▼ 11.2pp10.0%within the sector's middle half▲ 12.3pp13.1%above the sector's middle half▲ 3.1pp41.7%above the sector's middle half▲ 28.6pp7.5%within the sector's middle half▼ 34.2pp
Staff (FTE)0.40.3▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €76,998
Fixed assets
€2,713 ▲ 75.2%
Current assets
€74,285 ▲ 125%
Equity and liabilities €76,998
Equity
€34,261 ▲ 20.2%
Debt
€42,737 ▲ 604%
Debt's share of the balance-sheet total rises from 17.6% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,356▼
2023 · €18,726
Cash flow
€6,604▼
2023 · €17,767
Quick ratio
1.41▼
2023 · 2.35
Debt to equity
1.25▲
2023 · 0.21
ROE
16.8%▼
2023 · 50.6%
Interest coverage
8.09▼
2023 · 62.73
Debt ≤ 1 year
€42,737▲
2023 · €6,067
Income taxes
€2,472▲
2023 · €737
Staff costs
€0▼
2023 · €5,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,331 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €4,945 | €5,518 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,094 | €4,451 | €4,542 | €3,352 | €835 | ▼ 75.1% |
| Other operating charges640/8 | - | €1,521 | €1,147 | €3,497 | €1,775 | ▼ 49.3% |
| Gross operating margin9900 | €6,537 | €12,647 | €16,074 | €27,742 | €12,131 | ▼ 56.3% |
| Operating profit (loss)9901 | -€189 | €6,675 | €5,439 | €15,374 | €9,521 | ▼ 38.1% |
| Financial income75/76B | - | €0 | €14 | €76 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | €14 | €76 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €326 | €226 | €299 | €1,280 | ▲ 329% |
| Recurring financial charges65 | €1,579 | €326 | €226 | €299 | €1,280 | ▲ 329% |
| Profit (loss) for the period before taxes9903 | -€1,768 | €6,349 | €5,227 | €15,152 | €8,241 | ▼ 45.6% |
| Income taxes67/77 | -€75 | - | - | €737 | €2,472 | ▲ 236% |
| Profit (loss) for the period9904 | -€1,693 | €6,349 | €5,227 | €14,415 | €5,769 | ▼ 60.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,693 | €6,349 | €5,227 | €14,415 | €5,769 | ▼ 60.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,312 | €63,390 | €39,973 | €34,560 | €76,998 | ▲ 123% |
| Fixed assets21/28 | €11,721 | €7,270 | €3,710 | €1,549 | €2,713 | ▲ 75.2% |
| Intangible fixed assets21 | €2,632 | €5,230 | €1,955 | €0 | - | - |
| Tangible fixed assets22/27 | €9,088 | €2,040 | €1,755 | €1,549 | €2,713 | ▲ 75.2% |
| Plant, machinery and equipment23 | - | €2,040 | €1,755 | €407 | €1,810 | ▲ 344% |
| Furniture and vehicles24 | - | - | - | €1,141 | €903 | ▼ 20.9% |
| Current assets29/58 | €63,591 | €56,120 | €36,263 | €33,011 | €74,285 | ▲ 125% |
| Stocks and contracts in progress3 | €49,512 | €41,684 | €18,410 | €18,776 | €14,040 | ▼ 25.2% |
| Stocks30/36 | - | €41,684 | €18,410 | €18,776 | €14,040 | ▼ 25.2% |
| Amounts receivable within one year40/41 | €8,414 | €6,636 | €5,945 | €6,029 | €33,011 | ▲ 448% |
| Trade receivables40 | - | €6,460 | €5,632 | €3,625 | €12,913 | ▲ 256% |
| Other amounts receivable41 | - | €175 | €313 | €2,404 | €20,098 | ▲ 736% |
| Cash at bank and in hand54/58 | €5,036 | €7,136 | €11,257 | €7,581 | €26,615 | ▲ 251% |
| Deferred charges and accrued income490/1 | - | €665 | €651 | €626 | €618 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,312 | €63,390 | €39,973 | €34,560 | €76,998 | ▲ 123% |
| Equity10/15 | €2,502 | €8,851 | €14,078 | €28,493 | €34,261 | ▲ 20.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€17,498 | -€11,149 | -€5,922 | €8,493 | €14,261 | ▲ 67.9% |
| Amounts payable17/49 | €72,810 | €54,539 | €25,895 | €6,067 | €42,737 | ▲ 604% |
| Amounts payable within one year42/48 | €72,810 | €54,539 | €25,895 | €6,067 | €42,737 | ▲ 604% |
| Trade debts44 | €21,625 | €7,055 | €1,388 | €1,675 | €36,290 | ▲ 2,066% |
| Suppliers440/4 | - | €7,055 | €1,388 | €1,675 | €36,290 | ▲ 2,066% |
| Taxes, remuneration and social security45 | - | €2,699 | €1,980 | €4,392 | €6,447 | ▲ 46.8% |
| Taxes450/3 | - | €2,699 | €1,980 | €1,855 | €3,871 | ▲ 109% |
| Remuneration and social security454/9 | - | - | - | €2,537 | €2,576 | ▲ 1.6% |
| Other amounts payable47/48 | - | €44,785 | €22,528 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,693 | €6,349 | €5,227 | €14,415 | €5,769 | ▼ 60.0% |
| + Depreciation and write-downs630 | €4,094 | €4,451 | €4,542 | €3,352 | €835 | ▼ 75.1% |
| Operating cash flow (approximation) | €2,401 | €10,800 | €9,769 | €17,767 | €6,604 | ▼ 62.8% |
| Investment in fixed assets (approximation) | - | €0 | -€983 | -€1,191 | -€2,000 | ▼ 68.0% |
| Change in cash | - | €2,101 | €4,120 | -€3,676 | €19,034 | ▲ 618% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 303 days late
2024
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
30-09
Financial
Highest result since 2018net €14,415 ▲176%
Operating result €15,374, net result €14,415, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 5.44
Current ratio from 1.40 to 5.44; short-term debt falls from €25,895 to €6,067.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-09
Financial
Back to profitnet €6,349
Net result €6,349 after one loss-making year.
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
30-09
Financial
Weakest financial yearnet -€1,693
Net result drops to -€1,693, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2015
Ground area
612 m²
Building footprint
106 m²
Volume, LiDAR
706 m³
Parcel 11383B0598/00N003, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grasmuslaan 41, 2660 Antwerpen
since 20152.244.020.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0598/00N003 | Flanders | 612 m² | 1 · 106 m² | 11.3 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.244.020.170
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,500 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)
Founded23-02-2015
Fiscal year end30-09
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
46392Non-specialised wholesale
46423Wholesale of clothing, excluding workwear and underwear
47120Other non-specialised retail sale
93192Activities of independent sportspeople
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598863449
Registered
29-12-2025
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.