CINFRA
ActiveSummary
CINFRA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,266 and a net result of €8,770. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency57▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.82 in 2024; short-term debt: 68.4% and cash: 10.6% of total assets), and 68.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.5%
Return on assets
0.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
26 d early
2022
1 d early
2021
19 d early
2020
39 d early
2019
53 d 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 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€2.0m
EBIT margin
6.2%
Net result
€8,770▼ 1.6%
2024 · €8,912
Working capital
-€29,925▲ 77.0%
2024 · -€130,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€4,735▼ 81.8%€27,953▲ 490%€6,232▼ 77.7%€9,470▲ 51.9%€10,878▲ 14.9%
Net result€4,025within the sector's middle half▼ 77.8%€26,043within the sector's middle half▲ 547%€5,703within the sector's middle half▼ 78.1%€8,912within the sector's middle half▲ 56.3%€8,770within the sector's middle half▼ 1.6%
EBIT margin
Equity€292,838above the sector's middle half▲ 1.4%€318,880above the sector's middle half▲ 8.9%€324,583above the sector's middle half▲ 1.8%€333,495above the sector's middle half▲ 2.7%€342,266within the sector's middle half▲ 2.6%
Total assets€1.1mabove the sector's middle half▼ 6.9%€1.2mabove the sector's middle half▲ 1.8%€1.1mabove the sector's middle half▼ 9.3%€1.1mabove the sector's middle half▲ 1.8%€1.1mwithin the sector's middle half▲ 1.4%
Debt€846,382▼ 9.5%€839,442▼ 0.8%€726,281▼ 13.5%€736,519▲ 1.4%€742,573▲ 0.8%
Working capital-€121,291below the sector's middle half▼ 12.9%-€167,643below the sector's middle half▼ 38.2%-€168,054below the sector's middle half▼ 0.2%-€130,083below the sector's middle half▲ 22.6%-€29,925below the sector's middle half▲ 77.0%
Solvency25.7%within the sector's middle half▲ 2.1pp27.5%within the sector's middle half▲ 1.8pp30.9%within the sector's middle half▲ 3.4pp31.1%within the sector's middle half▲ 0.3pp31.5%within the sector's middle half▲ 0.4pp
Current ratio0.84below the sector's middle half▼ 0.030.78below the sector's middle half▼ 0.060.74below the sector's middle half▼ 0.040.82below the sector's middle half▲ 0.080.96below the sector's middle half▲ 0.14
Return on assets (ROA)0.4%within the sector's middle half▼ 1.1pp2.2%within the sector's middle half▲ 1.9pp0.5%within the sector's middle half▼ 1.7pp0.8%within the sector's middle half▲ 0.3pp0.8%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€372,491 ▼ 19.8%
Current assets
€712,647 ▲ 17.5%
Equity and liabilities €1.1m
Equity
€342,266 ▲ 2.6%
Provisions
€300 ▼ 50.0%
Debt
€742,573 ▲ 0.8%
Debt's share of the balance-sheet total falls from 68.8% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,565▼
2024 · €112,948
Cash flow
€100,457▼
2024 · €112,390
Quick ratio
0.28▼
2024 · 0.37
Debt to equity
2.17▼
2024 · 2.21
ROE
2.6%▼
2024 · 2.7%
Interest coverage
244.76▼
2024 · 257.34
Debt ≤ 1 year
€742,573▲
2024 · €736,519
Income taxes
€1,994▲
2024 · €421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 14,732 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,173 | €101,287 | €97,919 | €103,479 | €91,687 | ▼ 11.4% |
| Other operating charges640/8 | - | €6,512 | €7,954 | €7,312 | €7,898 | ▲ 8.0% |
| Gross operating margin9900 | €74,734 | €135,752 | €112,105 | €120,260 | €110,463 | ▼ 8.1% |
| Operating profit (loss)9901 | €4,735 | €27,953 | €6,232 | €9,470 | €10,878 | ▲ 14.9% |
| Financial income75/76B | - | €5 | €1 | €2 | €5 | ▲ 140% |
| Recurring financial income75 | €18 | €5 | €1 | €2 | €5 | ▲ 140% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €390 | €409 | €439 | €419 | ▼ 4.5% |
| Recurring financial charges65 | €402 | €390 | €409 | €439 | €419 | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €4,351 | €27,568 | €5,824 | €9,033 | €10,464 | ▲ 15.8% |
| Transfer from deferred taxes780 | - | €300 | €300 | €300 | €300 | = |
| Transfer to deferred taxes680 | - | €1,500 | - | - | - | - |
| Income taxes67/77 | €326 | €325 | €421 | €421 | €1,994 | ▲ 374% |
| Profit (loss) for the period9904 | €4,025 | €26,043 | €5,703 | €8,912 | €8,770 | ▼ 1.6% |
| Transfer from tax-exempt reserves789 | - | €900 | €900 | €900 | €900 | = |
| Transfer to tax-exempt reserves689 | - | €4,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4,025 | €22,443 | €6,603 | €9,812 | €9,670 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.1m | €1.1m | €1.1m | ▲ 1.4% |
| Fixed assets21/28 | €484,129 | €557,723 | €563,538 | €464,178 | €372,491 | ▼ 19.8% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €483,879 | €557,473 | €562,888 | €463,528 | €371,841 | ▼ 19.8% |
| Land and buildings22 | - | €339,948 | €311,789 | €283,630 | €255,470 | ▼ 9.9% |
| Plant, machinery and equipment23 | - | €15,126 | €11,756 | €4,872 | €2,474 | ▼ 49.2% |
| Furniture and vehicles24 | - | €184,250 | €152,168 | €97,720 | €49,990 | ▼ 48.8% |
| Other tangible fixed assets26 | - | €18,149 | €87,175 | €77,307 | €63,906 | ▼ 17.3% |
| Financial fixed assets28 | €250 | €250 | €650 | €650 | €650 | = |
| Current assets29/58 | €655,091 | €601,799 | €488,227 | €606,436 | €712,647 | ▲ 17.5% |
| Stocks and contracts in progress3 | €349,069 | €329,943 | €325,918 | €331,201 | €503,203 | ▲ 51.9% |
| Stocks30/36 | - | €329,943 | €325,918 | €331,201 | €503,203 | ▲ 51.9% |
| Amounts receivable within one year40/41 | €60,320 | €65,016 | €78,067 | €78,034 | €89,607 | ▲ 14.8% |
| Trade receivables40 | - | €63,482 | €76,829 | €68,944 | €89,607 | ▲ 30.0% |
| Other amounts receivable41 | - | €1,534 | €1,238 | €9,090 | - | - |
| Cash at bank and in hand54/58 | €243,742 | €200,662 | €79,480 | €193,397 | €114,973 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | - | €6,178 | €4,762 | €3,804 | €4,865 | ▲ 27.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.1m | €1.1m | €1.1m | ▲ 1.4% |
| Equity10/15 | €292,838 | €318,880 | €324,583 | €333,495 | €342,266 | ▲ 2.6% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €20,099 | €23,699 | €22,799 | €21,899 | €20,999 | ▼ 4.1% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | - | €20,600 | €19,700 | €18,800 | €17,900 | ▼ 4.8% |
| Profit (loss) carried forward14 | €241,752 | €264,195 | €270,798 | €280,610 | €290,280 | ▲ 3.4% |
| Provisions and deferred taxes16 | - | €1,200 | €900 | €600 | €300 | ▼ 50.0% |
| Deferred taxes168 | - | €1,200 | €900 | €600 | €300 | ▼ 50.0% |
| Amounts payable17/49 | €846,382 | €839,442 | €726,281 | €736,519 | €742,573 | ▲ 0.8% |
| Amounts payable after more than one year17 | €70,000 | €70,000 | €70,000 | - | - | - |
| Financial debts170/4 | - | €70,000 | €70,000 | - | - | - |
| Amounts payable within one year42/48 | €776,382 | €769,442 | €656,281 | €736,519 | €742,573 | ▲ 0.8% |
| Trade debts44 | €68,418 | €54,089 | €37,161 | €45,303 | €50,169 | ▲ 10.7% |
| Suppliers440/4 | - | €54,089 | €37,161 | €45,303 | €50,169 | ▲ 10.7% |
| Taxes, remuneration and social security45 | - | €3,299 | €1,442 | €3,537 | €5,200 | ▲ 47.0% |
| Taxes450/3 | - | €3,299 | €1,442 | €3,537 | €3,525 | ▼ 0.4% |
| Remuneration and social security454/9 | - | - | - | - | €1,675 | - |
| Other amounts payable47/48 | - | €712,053 | €617,679 | €687,679 | €687,204 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,025 | €26,043 | €5,703 | €8,912 | €8,770 | ▼ 1.6% |
| + Depreciation and write-downs630 | €63,173 | €101,287 | €97,919 | €103,479 | €91,687 | ▼ 11.4% |
| Operating cash flow (approximation) | €67,198 | €127,330 | €103,622 | €112,390 | €100,457 | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | -€174,881 | -€103,733 | -€4,119 | €0 | ▲ 100% |
| Change in cash | - | -€43,080 | -€121,182 | €113,917 | -€78,424 | ▼ 169% |
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
Next filing, fiscal year 2026, expected by
2026
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €4,025 ▼77.8%
Net result drops to €4,025, the lowest in the series; recovery starts the following year.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Malle · 3 establishment units since 1988
Ground area
5.1 ha
Building footprint
7,034 m²
Volume, LiDAR
42,413 m³
4 parcels, Flanders · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
CINFRA NV
since 19882.036.741.365
Turnhoutsebaan 175, 2390 Malle
since 20042.199.776.490
CINFRA BVBA
since 20172.261.475.321
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032B0348/00S000 | Flanders | 2.5 ha | 1 · 765 m² | 9.0 m · 1 fl. |
| 12322I0265/00C002 | Flanders | 2.1 ha | 1 · 5,963 m² | 14.4 m · 2 fl. |
| 11032C0031/00R000 | Flanders | 4,290 m² | 1 · 281 m² | 8.8 m · 2 fl. |
| 13044F0547/00G000 | Flanders | 1,385 m² | 1 · 26 m² | 3.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 218 EUR awarded · 218 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 218 EUR | 218 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalle2.199.776.490
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Of 943 companies in sector 46231 we hold annual accounts for 421. 343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-1988
Fiscal year end30-06
Activities, NACEBEL 2025
46231Wholesale of live animals
01110Growing of cereals (except rice), leguminous crops and oil seeds
01420Raising of other cattle and buffaloes
46321Wholesale of meat and meat products, excluding game and poultry
Contact
E-mail
cinfra@telenet.be
Phone
0476729650
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433669578
Also
9925:BE0433669578
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.