LIRIS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 5 filings
2021 to 2025, 5 financial years
The operating result for 2025 is a loss of €21,361, smaller than the loss of €35,188 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €328,200 | - |
| Financial fixed assets | €62,000 | - | - | - | - |
| Depreciation and write-downs of the year | - | - | - | €24,330 | €20,202 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €24,330 | €20,202 | ▼ 17.0% |
| Other operating charges640/8 | €91 | €740 | €459 | €779 | €6,000 | ▲ 670% |
| Gross operating margin9900 | -€3,275 | -€2,305 | -€2,028 | -€10,078 | €4,841 | - |
| Operating profit (loss)9901 | -€3,366 | -€3,045 | -€2,487 | -€35,188 | -€21,361 | ▲ 39.3% |
| Financial income75/76B | €150,000 | €150,051 | €152,494 | €155,278 | €163,222 | ▲ 5.1% |
| Recurring financial income75 | €150,000 | €150,051 | €152,494 | €155,278 | €163,222 | ▲ 5.1% |
| Financial charges65/66B | - | €4,835 | €4,921 | €5,935 | €10,806 | ▲ 82.1% |
| Recurring financial charges65 | - | €4,835 | €4,921 | €5,935 | €10,806 | ▲ 82.1% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €146,634 | €142,172 | €145,085 | €114,155 | €131,055 | ▲ 14.8% |
| Income taxes67/77 | €13,330 | €12,925 | €13,190 | €10,378 | €11,914 | ▲ 14.8% |
| Profit (loss) for the period9904 | €133,304 | €129,247 | €131,896 | €103,777 | €119,141 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €133,304 | €129,247 | €131,896 | €103,777 | €119,141 | ▲ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,832 | €358,464 | €489,583 | €590,424 | €702,968 | ▲ 19.1% |
| Fixed assets21/28 | €62,000 | €62,000 | €62,000 | €365,870 | €345,667 | ▼ 5.5% |
| Tangible fixed assets22/27 | - | - | - | €303,870 | €283,667 | ▼ 6.6% |
| Land and buildings22 | - | - | - | €303,870 | €283,667 | ▼ 6.6% |
| Financial fixed assets28 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Current assets29/58 | €151,832 | €296,464 | €427,583 | €224,554 | €357,301 | ▲ 59.1% |
| Current investments50/53 | - | €26,661 | €70,042 | €139,169 | €308,338 | ▲ 122% |
| Cash at bank and in hand54/58 | €151,832 | €269,803 | €357,541 | €85,385 | €48,963 | ▼ 42.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,832 | €358,464 | €489,583 | €590,424 | €702,968 | ▲ 19.1% |
| Equity10/15 | €137,304 | €267,551 | €399,447 | €503,224 | €622,365 | ▲ 23.7% |
| Contributions10/11 | €4,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €133,304 | €262,551 | €394,447 | €498,224 | €617,365 | ▲ 23.9% |
| Distributable reserves133 | €133,304 | €262,551 | €394,447 | €498,224 | €617,365 | ▲ 23.9% |
| Amounts payable17/49 | €76,528 | €90,913 | €90,136 | €87,200 | €80,604 | ▼ 7.6% |
| Amounts payable within one year42/48 | €76,528 | €90,913 | €90,136 | €87,200 | €80,604 | ▼ 7.6% |
| Trade debts44 | €1,198 | - | - | €91 | €365 | ▲ 302% |
| Suppliers440/4 | €1,198 | - | - | €91 | €365 | ▲ 302% |
| Taxes, remuneration and social security45 | €13,330 | €26,255 | €25,862 | €23,315 | €21,844 | ▼ 6.3% |
| Taxes450/3 | €13,330 | €26,255 | €25,862 | €23,315 | €21,844 | ▼ 6.3% |
| Other amounts payable47/48 | €62,000 | €64,657 | €64,274 | €63,794 | €58,394 | ▼ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,304 | €129,247 | €131,896 | €103,777 | €119,141 | ▲ 14.8% |
| + Depreciation and write-downs630 | - | - | - | €24,330 | €20,202 | ▼ 17.0% |
| Operating cash flow (approximation) | €133,304 | €129,247 | €131,896 | €128,108 | €139,343 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€328,200 | €0 | - |
| Change in cash | - | €117,971 | €87,738 | -€272,156 | -€36,421 | ▲ 86.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as LIRIS has now. Two years later, 0.6% had gone bankrupt and 96.7% were still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of LIRIS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for LIRIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00334618 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00385670 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00370996 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00214205 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20115826 |