Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
84 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IRR INVEST from Watermaal-Bosvoorde, company number BE0807087609, closed financial year 2025 with a result of € -23.9 million after tax. Compared with financial year 2024, the result moved from € -16.6 million to € -23.9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ -2.9 million
▼ € 9.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23.9 million
▼ 44 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -80.9 million.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 108,899
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,717
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 78.3 million
▼ 25% vs 2024
€ 23.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 142,459
▲ 117% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 37,866
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -7,495,537 | € -25,877,553 | € -16,576,719 | € -23,915,143 | ▼ € 7.3 million |
| Equity | € 21,090,767 | € -4,786,786 | € 7,047,944 | € -2,867,199 | ▼ € 9.9 million |
| Total debts | € 162,341,096 | € 171,096,262 | € 104,483,443 | € 78,468,862 | ▼ 25% |
| Cash | € 3,622,168 | € 2,728,808 | € 7,800,047 | € 1,537,880 | ▼ 80% |
| Retained profit | € -14,497,783 | € -40,375,336 | € -56,952,056 | € -80,867,199 | ▼ € 23.9 million |
| Bank debt | € 156,993,016 | € 163,690,568 | € 104,359,389 | € 78,288,536 | ▼ 25% |
| Balance sheet total | € 183,431,863 | € 166,309,476 | € 111,531,387 | € 75,601,663 | ▼ 32% |
| Employees (FTE) | - | - | - | 0.8 |
Key figures of IRR INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IRR INVEST?
What happened at IRR INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gille Parone stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 23.9 million. Source: NBB ↗
- Laurence Trunel stepped down as director. NBB
- Agnès Ciron-Cavoizy stepped down as director. NBB
- Steve Gentili stepped down as director. NBB
- Alain Santmarty stepped down as director. NBB
- Patrick Vercauteren Drubbel stepped down as director. NBB
- Agnès Ciron-Cavoizy became a director. NBB
In short
From € 7.5 million loss in 2022 to € 23.9 million loss in 2025.
Paid € 459,600 in corporate taxes since 2022.
Pays suppliers within 75 days on average.
A new publication or filing at IRR INVEST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of NJR INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IRR INVESTThe shares are held by NJR INVEST (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2026
since 2025 · until 2026
since 2021 · until 2026
since 2021 · until 2025
since 2023 · until 2026
Patrick Vercauteren Drubbel
Director
Also active at: COMPAGNIE FINANCIERE DE LA CASCADE, EPBF, NJR INVEST
since 2021 · until 2026
Gille Parone
Director
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 181 box 10
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 84 companies are registered at this address.
All companies at this address →IMC INDUSTRIAL MARKETING CORPORATION S.A. OU INDUSTRIAL MARKETING CORPORATION S.A. OU IMC S.A.
€ 36.7 million revenue · 2024
Industrie et Commerce Plastique
€ 18.8 million revenue · 2025
Maison de la solidarité
Amicale du Personnel de Total Belgique
Tob
+79 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0807.087.609
- VAT number
- BE 0807.087.609
- Registered office
- Terhulpsesteenweg 181 bus 10, 1170 Watermaal-Bosvoorde
- Names & denominations
- IRR INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2008
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
Vermogensbeheer
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen