IRIS
InactiveIRIS was declared bankrupt on 17-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 21-10-2025, published in the Belgian State Gazette on 27-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-05-2023, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
61 d early
2021
28 d early
2020
337 d late
2019
703 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€170k▲ 45.2%
2021 · €117k
2019: €113k
2020: €70k▼ -38.1% vs 2019lowest in 4 years
2021: €117k▲ +66.5% vs 2020
2022: €170k▲ +45.2% vs 2021highest in 4 years
2019 → 2022
EBIT margin
2.7%▼ 5.6pp
2021 · 8.2%
2019: -2.7%lowest in 4 years
2020: 2.9%▲ +211% vs 2019
2021: 8.2%▲ +179% vs 2020highest in 4 years
2022: 2.7%▼ -67.6% vs 2021
2019 → 2022
Net result
€4k▼ 54.0%
2021 · €9k
2018: €-4klowest in 5 years
2019: €-4k▲ +7.6% vs 2018
2020: €2k▲ +143% vs 2019
2021: €9k▲ +474% vs 2020highest in 5 years
2022: €4k▼ -54.0% vs 2021
2018 → 2022
Working capital
€18k▲ 63.6%
2021 · €11k
2018: €4k
2019: €10k▲ +138% vs 2018
2020: €3k▼ -73.8% vs 2019lowest in 5 years
2021: €11k▲ +343% vs 2020
2022: €18k▲ +63.6% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€113k€70k▼ 38.1%€117k▲ 66.5%€170k▲ 45.2%
2019: €113k
2020: €70k▼ -38.1% vs 2019lowest in 4 years
2021: €117k▲ +66.5% vs 2020
2022: €170k▲ +45.2% vs 2021highest in 4 years
Equity€12k-€8k▼ 31.7%€10k▲ 20.1%€19k▲ 96.2%€22k▲ 17.0%
2018: €12k
2019: €8k▼ -31.7% vs 2018lowest in 5 years
2020: €10k▲ +20.1% vs 2019
2021: €19k▲ +96.2% vs 2020
2022: €22k▲ +17.0% vs 2021highest in 5 years
Operating result€-6k-€-3k▲ 53.3%€2k€10k▲ 365%€5k▼ 52.9%
2018: €-6klowest in 5 years
2019: €-3k▲ +53.3% vs 2018
2020: €2k▲ +169% vs 2019
2021: €10k▲ +365% vs 2020highest in 5 years
2022: €5k▼ -52.9% vs 2021
Net result€-4k-€-4k▲ 7.6%€2k€9k▲ 474%€4k▼ 54.0%
2018: €-4klowest in 5 years
2019: €-4k▲ +7.6% vs 2018
2020: €2k▲ +143% vs 2019
2021: €9k▲ +474% vs 2020highest in 5 years
2022: €4k▼ -54.0% vs 2021
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 2022; 2022 is 53% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €29k
Fixed assets
€4k ▼ 52.8%
Current assets
€26k ▼ 5.1%
Equity and liabilities €29k
Equity
€22k ▲ 17.0%
Debt
€7k ▼ 53.9%
Debt's share of the balance-sheet total falls from 45.8% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2021 · €12k
Cash flow
€8k▼
2021 · €11k
Current ratio
3.52▲
2021 · 1.71
Quick ratio
2.86▲
2021 · 1.34
Debt to equity
0.33▼
2021 · 0.84
ROE
19.3%▼
2021 · 49.0%
ROA
14.5%▼
2021 · 26.6%
Interest coverage
29.95▲
2021 · 29.54
Debt ≤ 1 year
€7k▼
2021 · €16k
Staff costs
€10k▲
2021 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€35k€29k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€8k€4k▼
Land and buildings22€5k€2k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€27k€26k▼
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Cash at bank and in hand54/58€21k€21k▼
Equity and liabilities
Total equity and liabilities10/49€35k€29k▼
Equity10/15€19k€22k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-3k-
Amounts payable17/49€16k€7k▼
Amounts payable within one year42/48€16k€7k▼
Financial debts43€282€1k▲
Credit institutions430/8€282€1k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€6k-
Income statement
Code20212022
Turnover70€117k€170k▲
Goods, raw materials, services and sundry goods60/61€103k€148k▲
Remuneration, social security and pensions62€1k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€14k€22k▲
Operating profit (loss)9901€10k€5k▼
Financial charges65/66B€395€284▼
Recurring financial charges65€395€284▼
Profit (loss) for the period before taxes9903€9k€4k▼
Profit (loss) for the period9904€9k€4k▼
Profit (loss) for the period to be appropriated9905€9k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€1k▲
Profit (loss) brought forward from the previous period14P€-12k€-3k▲
Profit to be distributed694/7-€1k
Directors or managers695-€1k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €113k | €70k | €117k | €170k | ▲ 45.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €94k | €57k | €103k | €148k | ▲ 43.9% |
| Remuneration, social security and pensions62 | - | €20k | €8k | €1k | €10k | ▲ 806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €3k | €2k | €4k | ▲ 92.8% |
| Other operating charges640/8 | - | €748 | €448 | €1k | €4k | ▲ 177% |
| Gross operating margin9900 | €16k | €19k | €13k | €14k | €22k | ▲ 54.6% |
| Operating profit (loss)9901 | €-6k | €-3k | €2k | €10k | €5k | ▼ 52.9% |
| Financial income75/76B | - | €32 | - | - | - | - |
| Recurring financial income75 | €41 | €32 | - | - | - | - |
| Financial charges65/66B | - | €710 | €462 | €395 | €284 | ▼ 28.2% |
| Recurring financial charges65 | €1k | €710 | €462 | €395 | €284 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €-4k | €-4k | €2k | €9k | €4k | ▼ 54.0% |
| Income taxes67/77 | €20 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-4k | €-4k | €2k | €9k | €4k | ▼ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-4k | €2k | €9k | €4k | ▼ 54.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €23k | €18k | €35k | €29k | ▼ 15.5% |
| Fixed assets21/28 | €8k | €5k | €7k | €8k | €4k | ▼ 52.8% |
| Tangible fixed assets22/27 | €7k | €5k | €7k | €8k | €4k | ▼ 52.8% |
| Land and buildings22 | - | €5k | €7k | €5k | €2k | ▼ 64.5% |
| Plant, machinery and equipment23 | - | €95 | - | €2k | €2k | ▼ 23.6% |
| Financial fixed assets28 | €696 | - | - | - | - | - |
| Current assets29/58 | €8k | €17k | €11k | €27k | €26k | ▼ 5.1% |
| Stocks and contracts in progress3 | €1k | €2k | €2k | €6k | €5k | ▼ 17.0% |
| Stocks30/36 | - | €2k | €2k | €6k | €5k | ▼ 17.0% |
| Amounts receivable within one year40/41 | - | - | €242 | - | - | - |
| Trade receivables40 | - | - | €242 | - | - | - |
| Cash at bank and in hand54/58 | €5k | €15k | €8k | €21k | €21k | ▼ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €23k | €18k | €35k | €29k | ▼ 15.5% |
| Equity10/15 | €12k | €8k | €10k | €19k | €22k | ▲ 17.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | - | €20k | €20k | €20k | €20k | = |
| Issued capital100 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-10k | €-14k | €-12k | €-3k | - | - |
| Amounts payable17/49 | €4k | €15k | €8k | €16k | €7k | ▼ 53.9% |
| Amounts payable within one year42/48 | €4k | €8k | €8k | €16k | €7k | ▼ 53.9% |
| Financial debts43 | - | - | €3k | €282 | €1k | ▲ 426% |
| Credit institutions430/8 | - | - | €3k | €282 | €1k | ▲ 426% |
| Trade debts44 | €670 | - | €2k | €7k | €4k | ▼ 45.8% |
| Suppliers440/4 | - | - | €2k | €7k | €4k | ▼ 45.8% |
| Taxes, remuneration and social security45 | - | €8k | €4k | €3k | €2k | ▼ 16.7% |
| Taxes450/3 | - | €6k | €4k | €3k | €2k | ▼ 16.7% |
| Remuneration and social security454/9 | - | €1k | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €6k | - | - |
| Accrued charges and deferred income492/3 | - | €7k | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-4k | €2k | €9k | €4k | ▼ 54.0% |
| + Depreciation and write-downs630 | €3k | €2k | €3k | €2k | €4k | ▲ 92.8% |
| Operating cash flow (approximation) | €-1k | €-2k | €4k | €11k | €8k | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | €696 | €-4k | €-3k | €0 | ▲ 100.0% |
| Change in cash | - | €10k | €-7k | €13k | €-399 | ▼ 103% |
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
2025
27-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 21-10-2025
2023
24-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 17-10-2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.52
Current ratio from 1.71 to 3.52; short-term debt falls from €16k to €7k.
04-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 703 days late
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 337 days late
2021
31-12
Financial
Highest result since 2018net €9k ▲474%
Operating result €10k, net result €9k, both a record.
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
02-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS AARSCHOTSE-
STEENWEG 7, 2230 HERSELT |
17-10-2023 → 21-10-2025 |
| Curator | GUNTHER
PEETERS AARSCHOTSESTEENWEG 7, 2230 HERSELT- |
17-10-2023 → 21-10-2025 |