ATF
ActiveSummary
ATF has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €1.4m. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 46% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Site preparation
NACE 43120Construction of roads and motorways NACE 42110
2 sites
Size
€19.6mturnover 2025
- Staff
- 94.2 FTE
- Equity
- €4.6m
- Profit
- €1.4m
Structure
- Parent
- IBF · 100%
- Infra Groep Frijters nvDirector
Auditor: VCLJ Bedrijfsrevisoren BV2025 accounts 21 days early7 of 24 deeds summarised
Why 93raises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 1968Profit of €1.4m (financial year 2025)Size: turnover €19.6m, 94.2 FTE, total assets €11.4mShow the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2024
Strong
Solvency
65-12
equity 40.1% of total assets
Liquidity
37-10
short-term debt 49.3% · cash 9.3%
Profitability
80=
return on assets 12.7%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.1%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
Credit of up to €420,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.49, compared with 1.69 in 2024, below the usual 1.5; short-term debt: 49.3% and cash: 9.3% of total assets), and 59.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 61% on solvency, 52% on liquidity, 85% on profitability and 53% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
31 days early
2023
27 days early
2022
31 days early
2021
20 days early
2020
31 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 43) for financial year 2024 is 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 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Reappointment: BV VCLJ Bedrijfsrevisoren (statutory auditor)Gazette deed
- Permanent representative: Maike SleymerPower of attorney
Financials · financial year 2025, full format
Turnover
€19.6m▲ 16.0%
2024 · €16.9m
EBIT margin
8.3%▲ 0.2pp
2024 · 8.1%
Net result
€1.4m▲ 26.2%
2024 · €1.1m
Working capital
€2.7m▼ 5.3%
2024 · €2.9m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 19% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€19.6m
2025
Operating result€1.6m
2025
Net result€1.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11.4m
2025
Equity€4.6m
2025
Debt€6.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin8.3%
2025
Return on assets (ROA)12.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency40.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.49
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)94.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€20.3m-€19.8m▼ 2.2%€16.5m▼ 16.7%€17.6m▲ 6.7%€21.0m▲ 19.2%€19.5m▼ 7.3%€16.9m▼ 13.3%€19.6m▲ 16.0%
Operating result€1.5m-€2.0m▲ 32.1%€1.5m▼ 22.5%€2.0m▲ 30.5%€1.8m▼ 10.5%€1.6m▼ 13.9%€1.4m▼ 11.5%€1.6m▲ 19.0%
Net result€1.1m-€1.5m▲ 33.4%€1.2mabove the sector's middle half▼ 18.9%€1.6mabove the sector's middle half▲ 32.6%€1.5mabove the sector's middle half▼ 9.6%€1.4mabove the sector's middle half▼ 4.2%€1.1mabove the sector's middle half▼ 18.3%€1.4mabove the sector's middle half▲ 26.2%
EBIT margin7.4%-10.0%▲ 2.6pp9.3%▼ 0.7pp11.4%▲ 2.1pp8.6%▼ 2.8pp8.0%▼ 0.6pp8.1%▲ 0.2pp8.3%▲ 0.2pp
Equity€3.9m-€4.3m▲ 8.6%€4.3mabove the sector's middle half▲ 0.2%€4.3mabove the sector's middle half▲ 0.2%€4.3mabove the sector's middle half▲ 0.7%€4.6mabove the sector's middle half▲ 6.0%€4.6mabove the sector's middle half=€4.6mabove the sector's middle half=
Total assets€8.9m-€8.4m▼ 6.2%€8.5mabove the sector's middle half▲ 1.2%€8.4mabove the sector's middle half▼ 0.7%€8.7mabove the sector's middle half▲ 2.9%€9.2mabove the sector's middle half▲ 6.2%€8.8mabove the sector's middle half▼ 4.4%€11.4mabove the sector's middle half▲ 29.3%
Debt€4.8m-€4.0m▼ 18.3%€4.2m▲ 6.2%€4.1m▼ 1.6%€4.4m▲ 5.3%€4.6m▲ 6.4%€4.2m▼ 8.7%€6.8m▲ 61.0%
Working capital€2.9m-€3.3m▲ 14.0%€3.0mabove the sector's middle half▼ 9.7%€3.3mabove the sector's middle half▲ 10.5%€3.1mabove the sector's middle half▼ 7.6%€3.0mabove the sector's middle half▼ 3.2%€2.9mabove the sector's middle half▼ 2.4%€2.7mabove the sector's middle half▼ 5.3%
Solvency43.9%-50.9%▲ 6.9pp50.3%within the sector's middle half▼ 0.5pp50.8%within the sector's middle half▲ 0.4pp49.7%within the sector's middle half▼ 1.1pp49.6%within the sector's middle half▼ 0.1pp51.8%within the sector's middle half▲ 2.3pp40.1%within the sector's middle half▼ 11.8pp
Current ratio1.60-1.84▲ 0.241.72within the sector's middle half▼ 0.121.80within the sector's middle half▲ 0.081.71within the sector's middle half▼ 0.091.65within the sector's middle half▼ 0.061.69within the sector's middle half▲ 0.031.49within the sector's middle half▼ 0.20
Return on assets (ROA)12.6%-18.0%▲ 5.3pp14.4%above the sector's middle half▼ 3.6pp19.2%above the sector's middle half▲ 4.8pp16.9%above the sector's middle half▼ 2.3pp15.2%above the sector's middle half▼ 1.7pp13.0%above the sector's middle half▼ 2.2pp12.7%above the sector's middle half▼ 0.3pp
Staff (FTE)99.9-104.5▲ 4.6%102.9above the sector's middle half▼ 1.5%95.9above the sector's middle half▼ 6.8%108above the sector's middle half▲ 12.6%109.6above the sector's middle half▲ 1.5%102above the sector's middle half▼ 6.9%94.2above the sector's middle half▼ 7.6%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.4m
Fixed assets
€3.0m ▲ 82.4%
Current assets
€8.4m ▲ 17.0%
Equity and liabilities €11.4m
Equity
€4.6m =
Debt
€6.8m ▲ 61.0%
Debt's share of the balance-sheet total rises from 48.2% to 59.9%. Debt is higher.
Key figures and ratios
EBITDA
€2.5m▲
2024 · €2.1m
Cash flow
€2.3m▲
2024 · €1.8m
Quick ratio
1.19▼
2024 · 1.20
Debt to equity
1.50▲
2024 · 0.93
ROE
31.7%▲
2024 · 25.1%
Interest coverage
81.86▼
2024 · over 100
Debt ≤ 1 year
€5.6m▲
2024 · €4.2m
Debt > 1 year
€1.2m
Income taxes
€155,094▼
2024 · €230,253
Staff costs
€7.1m▼
2024 · €7.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,579 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.7% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.2%
stopped otherwise
96.7%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,579 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €19.1m | €20.8m | €20.7m | €18.8m | €20.0m | ▲ 6.5% |
| Turnover70 | €20.3m | €19.8m | €16.5m | €17.6m | €21.0m | €19.5m | €16.9m | €19.6m | ▲ 16.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.9m | -€0.9m | €0.4m | €0.6m | -€0.3m | - |
| Other operating income74 | - | - | - | €0.5m | €0.6m | €0.7m | €0.9m | €0.7m | ▼ 24.1% |
| Non-recurring operating income76A | - | - | - | €0.08m | €0.09m | €0.1m | €0.4m | €0.09m | ▼ 76.0% |
| Operating charges60/66A | - | - | - | €17.1m | €19.0m | €19.2m | €17.4m | €18.4m | ▲ 5.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €6.6m | €7.0m | €7.3m | €5.8m | €6.8m | ▲ 18.6% |
| Purchases600/8 | - | - | - | €6.6m | €7.0m | €7.3m | €5.8m | €6.8m | ▲ 18.6% |
| Services and other goods61 | - | - | - | €4.1m | €4.4m | €4.1m | €3.6m | €3.5m | ▼ 2.7% |
| Remuneration, social security and pensions62 | - | - | - | €5.7m | €7.1m | €7.6m | €7.3m | €7.1m | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.9m | €0.8m | €0.7m | €0.5m | €0.5m | €0.6m | €0.7m | €0.9m | ▲ 27.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | -€0.02m | -€0.5m | -€0.09m | -€0.008m | ▲ 91.3% |
| Other operating charges640/8 | - | - | - | €0.07m | €0.08m | €0.08m | €0.1m | €0.09m | ▼ 19.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.003m | €0.001m | €0.002m | ▲ 145% |
| Operating profit (loss)9901 | €1.5m | €2.0m | €1.5m | €2.0m | €1.8m | €1.6m | €1.4m | €1.6m | ▲ 19.0% |
| Financial income75/76B | - | - | - | €0.002m | €0.003m | €0.2m | €0.02m | €0.01m | ▼ 32.9% |
| Recurring financial income75 | €0.01m | €0.01m | €0.004m | €0.002m | €0.003m | €0.2m | €0.02m | €0.01m | ▼ 32.9% |
| Income from current assets751 | - | - | - | €0.002m | €0.002m | €0.2m | €0.009m | €0.01m | ▲ 43.9% |
| Other financial income752/9 | - | - | - | €420 | €0.001m | €0.02m | €0.01m | €0.001m | ▼ 95.1% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.05m | ▲ 169% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.05m | ▲ 169% |
| Debt charges650 | €0.02m | €0.004m | €0.002m | €0.002m | €0.002m | €0.004m | €0.003m | €0.03m | ▲ 875% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €1.5m | €2.0m | €1.5m | €2.0m | €1.8m | €1.7m | €1.4m | €1.6m | ▲ 16.4% |
| Income taxes67/77 | €0.4m | €0.5m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 32.6% |
| Taxes670/3 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 32.6% |
| Profit (loss) for the period9904 | €1.1m | €1.5m | €1.2m | €1.6m | €1.5m | €1.4m | €1.1m | €1.4m | ▲ 26.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.01m | €0.03m | €0.08m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.4m | €1.2m | €1.6m | €1.4m | €1.3m | €1.1m | €1.4m | ▲ 26.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.9m | €8.4m | €8.5m | €8.4m | €8.7m | €9.2m | €8.8m | €11.4m | ▲ 29.3% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.3m | €0.9m | €1.3m | €1.7m | €1.7m | €3.0m | ▲ 82.4% |
| Intangible fixed assets21 | €0.007m | €0.003m | €0.03m | €0.02m | €0.01m | €32 | - | - | - |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.2m | €0.9m | €1.2m | €1.6m | €1.6m | €3.0m | ▲ 83.3% |
| Land and buildings22 | - | - | - | €0.009m | €0.05m | €0.1m | €0.07m | €0.04m | ▼ 44.8% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.4m | €0.3m | €0.4m | €1.8m | ▲ 372% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.6m | €0.8m | €0.8m | €0.8m | ▼ 4.1% |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 10.3% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.5% |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.5% |
| Shares284 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | ▼ 4.7% |
| Current assets29/58 | €7.8m | €7.3m | €7.2m | €7.5m | €7.4m | €7.5m | €7.1m | €8.4m | ▲ 17.0% |
| Stocks and contracts in progress3 | €1.2m | €0.6m | €1.1m | €2.0m | €1.0m | €1.4m | €2.1m | €1.7m | ▼ 16.7% |
| Contracts in progress37 | - | - | - | €2.0m | €1.0m | €1.4m | €2.1m | €1.7m | ▼ 16.7% |
| Amounts receivable within one year40/41 | €5.5m | €4.7m | €4.7m | €4.1m | €4.9m | €4.3m | €3.5m | €5.4m | ▲ 54.7% |
| Trade receivables40 | - | - | - | €3.5m | €4.6m | €3.9m | €3.1m | €5.0m | ▲ 60.9% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 6.5% |
| Current investments50/53 | €1 | - | - | - | - | €0.03m | €0.03m | €0.03m | ▲ 0.7% |
| Other investments51/53 | - | - | - | - | - | €0.03m | €0.03m | €0.03m | ▲ 0.7% |
| Cash at bank and in hand54/58 | €1.1m | €2.0m | €1.4m | €1.4m | €1.4m | €1.7m | €1.5m | €1.1m | ▼ 27.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.04m | €0.1m | €0.07m | €0.1m | ▲ 43.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.9m | €8.4m | €8.5m | €8.4m | €8.7m | €9.2m | €8.8m | €11.4m | ▲ 29.3% |
| Equity10/15 | €3.9m | €4.3m | €4.3m | €4.3m | €4.3m | €4.6m | €4.6m | €4.6m | = |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Contributions outside capital11 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Share premium1100/10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €3.2m | €3.5m | €3.5m | €3.5m | €3.6m | €3.8m | €3.8m | €3.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Other1319 | - | - | - | €0.07m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Distributable reserves133 | - | - | - | €3.2m | €3.2m | €3.4m | €3.4m | €3.4m | = |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.008m | €0.002m | €0.002m | €0.003m | €0.002m | €0.001m | ▼ 61.1% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €4.8m | €4.0m | €4.2m | €4.1m | €4.4m | €4.6m | €4.2m | €6.8m | ▲ 61.0% |
| Amounts payable after more than one year17 | - | - | €0.03m | - | - | - | - | €1.2m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €1.2m | - |
| Credit institutions173 | - | - | - | - | - | - | - | €1.2m | - |
| Amounts payable within one year42/48 | €4.8m | €3.9m | €4.2m | €4.1m | €4.3m | €4.6m | €4.2m | €5.6m | ▲ 32.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.3m | - |
| Financial debts43 | - | - | - | - | - | - | - | €0.02m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.02m | - |
| Trade debts44 | €2.7m | €2.2m | €2.2m | €2.1m | €2.4m | €2.9m | €2.7m | €3.4m | ▲ 28.7% |
| Suppliers440/4 | - | - | - | €2.1m | €2.4m | €2.9m | €2.7m | €3.4m | ▲ 28.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 8.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.06m | €0.08m | €0.07m | €0.05m | ▼ 24.7% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 5.2% |
| Other amounts payable47/48 | - | - | - | €1.6m | €1.4m | €1.2m | €1.1m | €1.4m | ▲ 26.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.04m | €0.07m | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.5m | €1.2m | €1.6m | €1.5m | €1.4m | €1.1m | €1.4m | ▲ 26.2% |
| + Depreciation and write-downs630 | €0.9m | €0.8m | €0.7m | €0.5m | €0.5m | €0.6m | €0.7m | €0.9m | ▲ 27.7% |
| Operating cash flow (approximation) | €2.1m | €2.3m | €1.9m | €2.1m | €2.0m | €2.0m | €1.8m | €2.3m | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.9m | -€0.2m | -€0.9m | -€1.0m | -€0.7m | -€2.3m | ▼ 223% |
| Change in cash | - | €0.9m | -€0.6m | -€0.02m | €0.03m | €0.3m | -€0.3m | -€0.4m | ▼ 57.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00278927 |
| 31-12-2024 | full format | 30-06-2025 | 2025-00219853 |
| 31-12-2023 | full format | 04-07-2024 | 2024-00214378 |
| 31-12-2022 | full format | 30-06-2023 | 2023-00210887 |
| 31-12-2021 | full format | 11-07-2022 | 2022-20189764 |
| 31-12-2020 | full format | 30-06-2021 | 2021-29400579 |
| 31-12-2019 | full format | 30-06-2020 | 2020-24600220 |
| 31-12-2018 | full format | 08-07-2019 | 2019-30200227 |
| 31-12-2017 | full format | 01-08-2018 | 2018-43300461 |
| 31-12-2016 | full format | 30-06-2017 | 2017-27600521 |
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Subsidies and aid
Flemish government
2022 to 2025 · 21 entries · €241,580 awarded · €175,834 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €32,309 | €33,989 |
| 2024 | 5 | €26,991 | €34,996 |
| 2023 | 4 | €32,760 | €47,361 |
| 2022 | 7 | €149,520 | €59,488 |
Schemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director
Board 1
Infra Groep Frijters nv
CurrentDirector · Legal entity
Statutory auditor 1
VCLJ Bedrijfsrevisoren BV
CurrentStatutory auditor · since 11-08-2023 · permanent representative: Frank Huybrechts
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
17 of this company's 24 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2023, 2 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Infra Groep Frijters nv |
|
| VCLJ Bedrijfsrevisoren BV |
|
Owners and capital
Owners
1 ownerChain of control
Highest known parent: INFRA GROEP FRIJTERS. The sources do not say who stands above it.
Owners 1
- IBFparentSourceaccounts IBF 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
financial year 2025 · full format
06-07
Gazette deed
Reappointment: BV VCLJ Bedrijfsrevisoren (statutory auditor)2 facts ▸
Gazette deed
Reappointment: BV VCLJ Bedrijfsrevisoren (statutory auditor)
2 facts ▸
- General meeting, 16-06-2026
- Auditor reappointment, BV VCLJ Bedrijfsrevisoren (statutory auditor)
19-06
Gazette deed
Permanent representative: Maike SleymerPower of attorney6 facts ▸
Gazette deed
Permanent representative: Maike Sleymer
Power of attorney6 facts ▸
- Board meeting, 19-12-2025
- Power of attorney, ATF (2 times)
- Director in office, Maike Sleymer (director)
- Power of attorney, Maike Sleymer
- Power of attorney (12 times)
- Permanent representative, Maike Sleymer
02-04
Gazette deed
Reappointment: Infra Groep Frijters NV (director)Permanent representatives: Maria Frijters and Maike SLEYMER4 facts ▸
Gazette deed
Reappointment: Infra Groep Frijters NV (director)
Permanent representatives: Maria Frijters and Maike SLEYMER4 facts ▸
- General meeting, 18-12-2025
- Director reappointment, Infra Groep Frijters NV (director)
- Permanent representative, Maria Frijters
- Permanent representative, Maike SLEYMER
2025
30-06
NBB filing
Annual accounts filed
financial year 2024 · full format
2024
17-12
Gazette deed
Resignations & appointments · End & cessationPermanent representative: Maria Frijters · Power of attorney14 facts ▸
Gazette deed
Resignations & appointments · End & cessation
Permanent representative: Maria Frijters · Power of attorney14 facts ▸
- Board meeting, 25-10-2024
- Power of attorney, Maria Frijters
- Director in office, Maria Frijters (sole director)
- Power of attorney, Maike Sleymer (7 times)
- Power of attorney, Ronald Cerpentier
- Power of attorney, Peter Goossen
- Power of attorney, Jessica Tutenel (2 times)
- Power of attorney, Tim Vercauteren
- Power of attorney, Zivkovic Kristina
- Power of attorney, Leen Janssens
- Power of attorney, Tania Van Gils
- Director in office, INFRA GROEP FRIJTERS NV (managing director)
- +2 further facts in this act
04-07
NBB filing
Annual accounts filed
financial year 2023 · full format
20-03
Gazette deed
Permanent representative: Maria FrijtersPower of attorney19 facts ▸
Gazette deed
Permanent representative: Maria Frijters
Power of attorney19 facts ▸
- Board meeting, 24-05-2022
- Power of attorney, Maria Frijters
- Power of attorney, Maike Sleymer (6 times)
- Power of attorney, Ronald Cerpentier (2 times)
- Power of attorney, Filip Van Oostenryck (2 times)
- Power of attorney, Peter Goossen (2 times)
- Power of attorney, Koen Van Caesbroeck (5 times)
- Power of attorney, Jessica Tutenel (2 times)
- Power of attorney, Jessica Tutenel (financieel manager)
- Power of attorney, Tim Vercauteren (hoofd van de technische dienst)
- Power of attorney, Tim Vercauteren
- Power of attorney, Chelsey Michielserı
- +7 further facts in this act
2023
11-08
Gazette deed
Reappointment: BV VCLJ Bedrijfsrevisoren (statutory auditor)2 facts ▸
Gazette deed
Reappointment: BV VCLJ Bedrijfsrevisoren (statutory auditor)
2 facts ▸
- General meeting, 20-06-2023
- Auditor reappointment, BV VCLJ Bedrijfsrevisoren (statutory auditor)
30-06
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
12-07
Gazette deed
Permanent representative: Maria FrijtersPower of attorney24 facts ▸
Gazette deed
Permanent representative: Maria Frijters
Power of attorney24 facts ▸
- Board meeting, 24-05-2022
- Other provision, “bijzondere volmachten toegekend bij beslissing van de Raad van Bestuur van 27-05-2021 gepubliceerd in de bijlagen tot het Belgische Staatsblad op 25-06-2021,…” (deed in Dutch)
- Power of attorney, Maria Frijters (enige bestuurder van igf bv)
- Power of attorney, Maike Sleymer (kwaliteitsverantwoordelijke)
- Power of attorney, Simon Van Vossen (industrieel projectleider) (2 times)
- Power of attorney, Filip Van Oostenryck (industrieel projectleider) (2 times)
- Power of attorney, Peter Goossen (industrieel projectleider) (2 times)
- Power of attorney, Koen Van Caesbroeck (industrieel projectleider) (2 times)
- Power of attorney, Koen Van Caesbroeck (hoofd van de dienst veiligheid gezondheid en milieu)
- Power of attorney, Leen Janssens (hoofd van de dienst veiligheid gezondheid en milieu)
- Power of attorney, Leen Janssens (hr manager) (2 times)
- Power of attorney, Koen Van Caesbroeck (hr manager) (2 times)
- +12 further facts in this act
11-07
NBB filing
Annual accounts filed
financial year 2021 · full format
Show earlier events
2021
31-12
Financial
Highest result from 2018 to 2025net €1.6m ▲32.6%
Operating result €2.0m, net result €1.6m, both a record.
30-06
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
30-06
NBB filing
Annual accounts filed
financial year 2019 · full format
2019
08-07
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
01-08
NBB filing
Annual accounts filed
financial year 2017 · full format · 1 day late
2017
30-06
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
7 of 24 deeds read
About the unread acts
Of the 24 Belgian Official Gazette deeds we know for this company, 7 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPublic limited company
Founded05-02-1968
Financial year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406325674
Also
9925:BE0406325674
Registered
24-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0406.325.674
Recognitions · licences · registrations
Recognised contractor
16 categoriesATF NVapproval no. 14727
- A General dredging contractsclass 1, up to €162,000
- B1 Clearing watercoursesclass 1, up to €162,000
- C General road works contractsclass 8, no upper limit
- C1 Ordinary sewer worksclass 8, no upper limit
- C2 Water supply and laying all kinds of pipesclass 5, up to €2,172,000
- C3 Non-electric road signs, safety devices, fences and screensclass 1, up to €162,000
- C5 Bituminous paving and surface dressingclass 5, up to €2,172,000
- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
Show all 16 categories
- C7 Horizontal pipe jacking for cables and pipesclass 1, up to €162,000
- E2 Pile foundations, sheet piling and diaphragm wallsclass 1, up to €162,000
- G General earthworks contractsclass 7, up to €6,396,000
- G1 Drilling, probing and injectionclass 1, up to €162,000
- G2 Drainage worksclass 1, up to €162,000
- G3 Plantingclass 1, up to €162,000
- G4 Special surfaces for sports groundsclass 1, up to €162,000
- G5 Demolitionclass 1, up to €162,000
Dual-learning approval
3 live approvals · 3 endedAsfalt- en betonwegenbouwer duaal (so)
Bouwplaatsmachinist duaal (so)
Stratenmaker duaal (so)
Show 3 ended approvals
Stratenmaker (so)
Stratenmaker (so)
Stratenmaker duaal (so)
Environmental permits
1 application in Flanders since 2018
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1968
Ground area
16.0 ha
Building footprint
3,967 m²
Building volume
37,046 m³
2 parcels, Flanders · tallest building 17.7 m. Linked by address, not a title deed.
2 establishment units
Het Voorhof 5, 2040 Antwerpen
since 1968unit no. 2.001.772.568
ATF Recycling
since 2025unit no. 2.376.649.557
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11820D0014/00W003 | Flanders | 14.8 ha | 1 · 902 m² | 17.7 m · 5 |
| 11820B0224/00V002 | Flanders | 1.2 ha | 1 · 3,066 m² | 14.6 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- 8 provisions in the deeddeed of 19-06-2026
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Naam en handtekening, naam en hoedanigheid” (deed in Dutch)deed of 06-07-2026
Read from the deeds: 9 provisions, deed of 06-07-2026