Equity
-€651,787
Debts exceed assets in financial year 2025.
Iris Technical Services
Lifetime
13 annual accounts with figures on one time axispeak €2.4m (2025)
€2.4m▲ 124%
lowest -€1.7m (2022)
-€742,407▼ €692,022
peak €1.2m (2020)
-€651,787▼ €757,005
€4.3m▲ 150%
peak 41.7 FTE (2025)
41.7 FTE▲ 171%
Board7 names since 2018
2 directorsARTYM and 1 other
Owners3 names in the annual accounts
consolidatesIRIS GROUP
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Gross margin from €1.1m to €2.4mLoss of €742,407Staff from 15.4 FTE to 41.7 FTEReappointments: Iris Group sa (director) and ARTYM (director) 08-09Registered office moved within Enghien 15-07Powers of attorney: ARTYM srl, Iris Group sa and 18 others 29-04
Key points
from the 2025 annual accountsLosses
-€3.0m in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€4.3m 118% of the balance sheet
Financial debts 7%Suppliers 17%Taxes and wages 13%Other 63%
€358,784 of the debts are secured on the company's own assets. In 2022 that was €519,506.
Investments
€209,768 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 118.4% higher than in 2024.
Staff
43 employees on 31-12-2025
In 2025, 42 people joined and 16 left.
Position in the sector
-17.7%
Lower solvency than 95% of companies in specialised construction. Sector median 42.4% · 2,463 companies.
Checked score
33
Weak
Financially stronger than 1% of small companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.4%▲ +0.1 percentage points vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.3%▼ -0.1 percentage points vs 05-2025
07-2025: 2.5%▲ +0.2 percentage points vs 06-2025
08-2025: 1.7%▼ -0.8 percentage points vs 07-2025lowest value
09-2025: 1.7%● unchanged vs 08-2025lowest value
10-2025: 1.7%● unchanged vs 09-2025lowest value
11-2025: 1.7%● unchanged vs 10-2025lowest value
12-2025: 1.7%● unchanged vs 11-2025lowest value
01-2026: 1.7%● unchanged vs 12-2025lowest value
02-2026: 1.8%▲ +0.1 percentage points vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 2.2%▲ +0.4 percentage points vs 04-2026
06-2026: 2.1%▼ -0.1 percentage points vs 05-2026
07-2026: 5.6%▲ +3.5 percentage points vs 06-2026highest value
08-2026: 5.6%● unchanged vs 07-2026highest value
09-2026: 5.6%● unchanged vs 08-2026highest value
10-2026: 5.6%● unchanged vs 09-2026highest value
11-2026: 5.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€651,787
Loss of €742,407, the second in a row (financial year 2025)
Liquidity: current ratio 0.77, cash €1,322, halved
lowers risk
Figures for financial year 2025 (filed on 30-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 2% of them on solvency, 0% on liquidity, 2% on profitability and 0% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 598 companies had the same profile as Iris Technical Services has now. Each dot stands for 2 companies, two years later.
83.1%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Iris Technical Services itself: 5.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 598 companies, not a prediction for Iris Technical Services. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.77 (1.01 in 2024), below 1. Short-term debt is 104% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€651,787
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
31 days early
2023
20 days early
2022
17 days early
2021
12 days early
2020
33 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- IRIS GROUP 100%score 93equity €19.0m (2025) · 2025 annual accounts of IRIS GROUP
- AM2S 80%equity €259,370 (2023) · 2023 annual accounts of AM2S
Recent changes
Permanent representative: Sandra de KERCKHOVE
Board meeting of 03-04-2026 · Gazette deed
Reappointments: Iris Group sa (director) and ARTYM (director)
General meeting of 20-06-2025 · Gazette deed
Registered office moved within Enghien
New registered office: 2, rue llya Prigogine à 7850 Enghien · Previous registered office: Rue llya Prigogine 5, 7850 Enghien · Board meeting of 21-05-2025 · Gazette deed
Company renamed from TECHNICAL BUILDING SERVICES to Iris Technical Services
General meeting of 03-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Iris Technical Services Enghien | €3.7m | €2.4m | -17.7% | 41.7 |
| CAUVIN GUY Ath | €3.0m | €2.5m | 51.0% | 30.9 |
| Jansen Technics HVAC-S Heusden-Zolder | €3.6m | €2.0m | 3.5% | 26.4 |
| CLIMATRIX Dilsen-Stokkem | €4.0m | €3.2m | 54.2% | 25.9 |
| VOS TECHNICS Herk-de-Stad | €4.4m | €2.7m | 33.6% | 25 |
| HEATCO Rotselaar | €2.8m | €4.1m | 39.8% | 55.8 |
| AVENTI Beerse | €5.4m | €2.8m | 35.0% | 30.1 |
These companies have the same main activity as Iris Technical Services: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €2.8m and €5.4m, founded between 2002 and 2015.
Official details
Source: KBO- Status
- Active since 14-02-2012Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 8 others
- Joint committees
- 124Construction
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.207.351.3017850 Enghien, since 01-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €6.8mestimated
- €3.7m▲ 100%
- Employeeson 31-12-2025
- 43▲ 153%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Iris Technical Services
Iris Technical Services has existed since 2012. In 2015 the gross margin rose from €403,696 to €909,948 and staff from 6.1 to 10.7 full-time equivalents.
The gross margin has grown every year since 2022. Solvency fell in 2025 from 5.7% to -17.7% because of the loss.
IRIS GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Iris Technical Services
- What is the company number of Iris Technical Services?
- The company number of Iris Technical Services is 0843.651.263. The VAT number is the same number with BE in front: BE 0843.651.263.
- Where is Iris Technical Services based?
- The registered office is at Ilya Prigoginestraat 2, 7850 Enghien.Company details
- What does Iris Technical Services do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Iris Technical Services?
- Iris Technical Services is a public limited company (NV).
- When was Iris Technical Services founded?
- Iris Technical Services was founded on 14-02-2012.
- Is Iris Technical Services still active?
- Yes, Iris Technical Services is an active enterprise in the KBO register.
- How many employees does Iris Technical Services have?
- Iris Technical Services had an average of 41.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Iris Technical Services fall under?
- In its 2025 annual accounts, Iris Technical Services states joint committees 124 (Construction), 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Iris Technical Services?
- The turnover in financial year 2025 is ≈ €6.8m. This figure is estimated from the gross margin of €2.4m and 30 comparable companies (NACE 432). It probably lies between €5.6m and €8.4m. In financial year 2024 turnover was €2.4m.
- Is Iris Technical Services profitable?
- In financial year 2025, Iris Technical Services made a loss of €742,407.
- Where can I find the annual accounts of Iris Technical Services?
- Iris Technical Services filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Iris Technical Services due?
- Iris Technical Services must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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