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INAFZO

Active
Public limited companyfounded 198541 yrs activeBeneluxpark(Kor) 29, 8500 Kortrijk, BelgiumKBO/BCE: BE 0426.971.927
Summary

INAFZO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €11,465. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 44% of 278 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
INAFZOActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38320NACE 38222
1 site
Size
€2.9mtotal assets 2025
Equity
€1.1m
Profit
€11,465
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
FIVANCO · 100%
Accounts 18 d early0 of 8 deeds read
Why 94+ Size: total assets €2.9m+ Founded in 1985+ Figures for FY 2025 (filed 13-07-2026)+ Liquidity: current ratio 339.60, cash €601,377Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 38, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 61+1
equity 36.1% of total assets
Liquidity 76+1
short-term debt 0.3% · cash 20.5%
Profitability 27-1
return on assets 0.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (199 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%▲ +26.9% vs 02-2025 04-2025: 0.1%▲ +18.2% vs 03-2025 05-2025: 0.1%▲ +35.9% vs 04-2025 06-2025: 0.1%▲ +24.5% vs 05-2025 07-2025: 0.2%▲ +22.0% vs 06-2025highest value 08-2025: < 0.1%▼ -78.3% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%▲ +8.6% vs 02-2026 04-2026: < 0.1%▲ +7.9% vs 03-2026 05-2026: < 0.1%▲ +4.9% vs 04-2026 06-2026: < 0.1%▲ +2.3% vs 05-2026 07-2026: < 0.1%▲ +9.1% vs 06-2026 08-2026: < 0.1%▼ -27.1% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €2.9m lowers the probability for this profile
  • Founded in 1985 lowers the probability for this profile
  • Figures for FY 2025 (filed 13-07-2026) lowers the probability
  • Liquidity: current ratio 339.60, cash €601,377 lowers the probability
Credit up to €95,000 at 30 days acceptable
short-term debt: 0.3% and cash: 20.5% of total assets, and 63.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, small). Better than this share of them on solvency 50%, liquidity 93%, profitability 16%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Size: total assets €2.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1985
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 13-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 339.60, cash €601,377
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
16 d early
2023
13 d early
2022
12 d early
2021
24 d early
2020
38 d early
2019
36 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 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by FIVANCOultimately: DAVHOLD 100% View
  • Active since 1985founded 13-03-1985 41 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.9m
Profit
€11,465
Solvency
36.1%
Total assets▼ 2.1%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 13-07-2026Annual accounts filed
  2. 15-07-2025Annual accounts filed
  3. 18-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38320
Founded
13-03-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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