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INFI EVOLUTION

Active
Private limited companyfounded 2020active for 6 yearsRue Delvaux 8, 4340 Awans, BelgiumKBO/BCE: BE 0749.795.152
Summary

INFI EVOLUTION has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,316 and a net result of €41,300. Equity is shrinking by about 10% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, micro format

Equity
€86,316▲ 91.7%
2024 · €45,016
Total assets
€193,811▲ 3.6%
2024 · €187,081
Net result
€41,300▲ 96.3%
2024 · €21,040
Working capital
-€1,458▲ 95.5%
2024 · -€32,268
Trend over the years

2021 to 2025, 5 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 70% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€59,279 2025 Net result€41,300 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€92,287--€2,918€29,803€34,939▲ 17.2%€59,279▲ 69.7%
Net result€70,020--€8,925€17,979€21,040▲ 17.0%€41,300▲ 96.3%
Equity€72,421-€63,497▼ 12.3%€48,976▼ 22.9%€45,016▼ 8.1%€86,316▲ 91.7%
Total assets€282,032-€127,061▼ 54.9%€211,268▲ 66.3%€187,081▼ 11.4%€193,811▲ 3.6%
Debt€209,610-€63,565▼ 69.7%€162,292▲ 155%€142,065▼ 12.5%€107,495▼ 24.3%
Working capital-€15,916--€25,788▼ 62.0%-€38,267▼ 48.4%-€32,268▲ 15.7%-€1,458▲ 95.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,811
Fixed assets €174,960 ▲ 8.6%
Current assets €18,851 ▼ 27.6%
Equity and liabilities €193,811
Equity €86,316 ▲ 91.7%
Debt €107,495 ▼ 24.3%
Debt's share of the balance-sheet total falls from 75.9% to 55.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€74,224▲
2024 · €49,283
Cash flow
€56,245▲
2024 · €35,385
Current ratio
0.93▲
2024 · 0.45
Debt to equity
1.25▼
2024 · 3.16
ROE
47.8%▲
2024 · 46.7%
ROA
21.3%▲
2024 · 11.2%
Interest coverage
13.95▲
2024 · 10.00
Debt ≤ 1 year
€20,309▼
2024 · €58,297
Debt > 1 year
€87,187▲
2024 · €83,767
Income taxes
€12,971▲
2024 · €8,985
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 26,975 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€187,081€193,811▲
Fixed assets21/28€161,051€174,960▲
Intangible fixed assets21€55,000€45,000▼
Tangible fixed assets22/27€106,051€129,960▲
Land and buildings22€103,866€89,317▼
Plant, machinery and equipment23-€37,463
Furniture and vehicles24€2,185€3,180▲
Current assets29/58€26,030€18,851▼
Amounts receivable within one year40/41€18,494-
Trade receivables40€13,494-
Other amounts receivable41€5,000-
Cash at bank and in hand54/58€5,137€4,668▼
Deferred charges and accrued income490/1€2,398€14,183▲
Equity and liabilities
Total equity and liabilities10/49€187,081€193,811▲
Equity10/15€45,016€86,316▲
Contributions10/11€5,000€5,000=
Reserves13€39,700-
Distributable reserves133€39,700-
Profit (loss) carried forward14€316€81,316▲
Amounts payable17/49€142,065€107,495▼
Amounts payable after more than one year17€83,767€87,187▲
Financial debts170/4€83,767€87,187▲
Amounts payable within one year42/48€58,297€20,309▼
Current portion of amounts payable after more than one year42€3,246€6,581▲
Financial debts43€8,000€4,089▼
Credit institutions430/8€8,000€4,089▼
Trade debts44€3,179€2,311▼
Suppliers440/4€3,179€2,311▼
Taxes, remuneration and social security45€10,290€1,917▼
Taxes450/3€8,590€1,917▼
Remuneration and social security454/9€1,700-
Other amounts payable47/48€33,582€5,410▼
Income statement Code20242025
Non-recurring operating income76A-€7,211
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,344€14,945▲
Other operating charges640/8€888€718▼
Non-recurring operating charges66A-€774
Gross operating margin9900€50,171€75,717▲
Operating profit (loss)9901€34,939€59,279▲
Financial income75/76B€13€312▲
Recurring financial income75€13€312▲
Financial charges65/66B€4,927€5,321▲
Recurring financial charges65€4,927€5,321▲
Profit (loss) for the period before taxes9903€30,025€54,270▲
Income taxes67/77€8,985€12,971▲
Profit (loss) for the period9904€21,040€41,300▲
Profit (loss) for the period to be appropriated9905€21,040€41,300▲
Appropriation of the result
Profit (loss) to be appropriated9906€21,116€41,616▲
Profit (loss) brought forward from the previous period14P€76€316▲
Transfer from equity791/2€4,200€39,700▲
Profit to be distributed694/7€25,000-
Return on contributions (dividend)694€25,000-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€52,628€9,769-€7,211-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,327€11,557€13,413€14,344€14,945▲ 4.2%
Other operating charges640/8€2,076€3,775€2,895€888€718▼ 19.1%
Non-recurring operating charges66A€174-€19,482-€774-
Gross operating margin9900€110,864€12,413€65,592€50,171€75,717▲ 50.9%
Operating profit (loss)9901€92,287-€2,918€29,803€34,939€59,279▲ 69.7%
Financial income75/76B€5€21€7€13€312▲ 2,234%
Recurring financial income75€5€21€7€13€312▲ 2,234%
Financial charges65/66B€624€5,354€4,223€4,927€5,321▲ 8.0%
Recurring financial charges65€624€4,149€4,223€4,927€5,321▲ 8.0%
Non-recurring financial charges66B-€1,205----
Profit (loss) for the period before taxes9903€91,667-€8,251€25,587€30,025€54,270▲ 80.8%
Income taxes67/77€21,647€674€7,608€8,985€12,971▲ 44.4%
Profit (loss) for the period9904€70,020-€8,925€17,979€21,040€41,300▲ 96.3%
Profit (loss) for the period to be appropriated9905€70,020-€8,925€17,979€21,040€41,300▲ 96.3%
Line20212022202320242025Change
Assets
Total assets20/58€282,032€127,061€211,268€187,081€193,811▲ 3.6%
Fixed assets21/28€88,337€89,285€174,257€161,051€174,960▲ 8.6%
Intangible fixed assets21€85,000€75,000€65,000€55,000€45,000▼ 18.2%
Tangible fixed assets22/27€3,337€14,285€109,257€106,051€129,960▲ 22.5%
Land and buildings22-€10,410€106,998€103,866€89,317▼ 14.0%
Plant, machinery and equipment23----€37,463-
Furniture and vehicles24€3,337€3,875€2,259€2,185€3,180▲ 45.5%
Current assets29/58€193,695€37,776€37,011€26,030€18,851▼ 27.6%
Stocks and contracts in progress3€150,650-----
Stocks30/36€150,650-----
Amounts receivable within one year40/41€11,203€10,738€31,140€18,494--
Trade receivables40€11,203€10,738€31,140€13,494--
Other amounts receivable41---€5,000--
Cash at bank and in hand54/58€30,956€24,268€3,194€5,137€4,668▼ 9.1%
Deferred charges and accrued income490/1€885€2,770€2,677€2,398€14,183▲ 491%
Equity and liabilities
Total equity and liabilities10/49€282,032€127,061€211,268€187,081€193,811▲ 3.6%
Equity10/15€72,421€63,497€48,976€45,016€86,316▲ 91.7%
Contributions10/11€5,000€5,000€5,000€5,000€5,000=
Reserves13€67,000€67,000€43,900€39,700--
Distributable reserves133€67,000€67,000€43,900€39,700--
Profit (loss) carried forward14€421-€8,503€76€316€81,316▲ 25,623%
Amounts payable17/49€209,610€63,565€162,292€142,065€107,495▼ 24.3%
Amounts payable after more than one year17--€87,014€83,767€87,187▲ 4.1%
Financial debts170/4--€87,014€83,767€87,187▲ 4.1%
Amounts payable within one year42/48€209,610€63,565€75,279€58,297€20,309▼ 65.2%
Current portion of amounts payable after more than one year42--€3,121€3,246€6,581▲ 103%
Financial debts43€104,000--€8,000€4,089▼ 48.9%
Credit institutions430/8€104,000--€8,000€4,089▼ 48.9%
Trade debts44€8,045€7,973€14,134€3,179€2,311▼ 27.3%
Suppliers440/4€8,045€7,973€14,134€3,179€2,311▼ 27.3%
Taxes, remuneration and social security45€21,647€22,321€7,282€10,290€1,917▼ 81.4%
Taxes450/3€21,647€22,321€7,282€8,590€1,917▼ 77.7%
Remuneration and social security454/9---€1,700--
Other amounts payable47/48€75,918€33,270€50,741€33,582€5,410▼ 83.9%
Line20212022202320242025Change
Profit (loss) for the period9904€70,020-€8,925€17,979€21,040€41,300▲ 96.3%
+ Depreciation and write-downs630€16,327€11,557€13,413€14,344€14,945▲ 4.2%
Operating cash flow (approximation)€86,347€2,632€31,392€35,385€56,245▲ 59.0%
Investment in fixed assets (approximation)--€12,505-€98,385-€1,139-€28,854▼ 2,433%
Change in cash--€6,688-€21,074€1,943-€469-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 micro format 28-07-2026 2026-00345380
31-12-2024 micro format 30-09-2025 2025-00517107
31-12-2023 micro format 29-08-2024 2024-00395255
31-12-2022 micro format 30-08-2023 2023-00379562
31-12-2021 micro format 30-08-2022 2022-20349279

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.