INFICOR
ActiveSummary
The computed 12-month bankruptcy probability of INFICOR is 3.4% (moderate). The 2025 annual accounts show equity of €31,852 and a net result of -€16,616. Equity is growing by ~24.2% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency57▼-36
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.76 in 2024; short-term debt: 33.9% and cash: 47.4% of total assets), but 68.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.8%
Return on assets
-16.6%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
59 d early
2024
10 d early
2023
119 d early
2022
61 d early
2021
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 58 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 2 June (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€136,351▲ 55.5%
2021 · €87,709
EBIT margin
45.6%▲ 8.7pp
2021 · 37.0%
Net result
-€16,616
2024 · €46,495
Working capital
€58,121▼ 4.3%
2024 · €60,716
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€87,709-€136,351▲ 55.5%
Operating result€32,410-€62,190▲ 91.9%€34,431▼ 44.6%€59,900▲ 74.0%-€10,365
Net result€25,031-€48,247▲ 92.8%€26,977▼ 44.1%€46,495▲ 72.3%-€16,616
EBIT margin37.0%-45.6%▲ 8.7pp
Equity€12,888-€42,134▲ 227%€46,112▲ 9.4%€73,469▲ 59.3%€31,852▼ 56.6%
Total assets€35,216-€70,546▲ 100%€75,154▲ 6.5%€108,028▲ 43.7%€100,156▼ 7.3%
Debt€22,328-€28,412▲ 27.2%€29,043▲ 2.2%€34,559▲ 19.0%€33,994▼ 1.6%
Working capital€10,920-€22,997▲ 111%€31,525▲ 37.1%€60,716▲ 92.6%€58,121▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,365 after €59,900 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,156
Fixed assets
€8,041 ▼ 36.9%
Current assets
€92,115 ▼ 3.3%
Equity and liabilities €100,156
Equity
€31,852 ▼ 56.6%
Provisions
€34,310
Debt
€33,994 ▼ 1.6%
Debt's share of the balance-sheet total rises from 32.0% to 33.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,654▼
2024 · €64,588
Cash flow
-€11,905▼
2024 · €51,183
Current ratio
2.71▼
2024 · 2.76
Debt to equity
1.07▲
2024 · 0.47
ROE
-52.2%▼
2024 · 63.3%
ROA
-16.6%▼
2024 · 43.0%
Interest coverage
-11.32▼
2024 · 344.89
Debt ≤ 1 year
€33,994▼
2024 · €34,559
Income taxes
€5,754▼
2024 · €13,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,338 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% | 1.9% |
| 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 3,592 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €87,709 | €136,351 | - | - | - | - |
| Non-recurring operating income76A | €754 | €3,120 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €55,705 | €75,142 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €347 | €1,730 | €4,551 | €4,689 | €4,712 | ▲ 0.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €34,310 | - |
| Other operating charges640/8 | - | €409 | €85 | €498 | €354 | ▼ 29.0% |
| Gross operating margin9900 | €32,758 | €64,329 | €39,067 | €65,087 | €29,010 | ▼ 55.4% |
| Operating profit (loss)9901 | €32,410 | €62,190 | €34,431 | €59,900 | -€10,365 | ▼ 117% |
| Financial income75/76B | €3 | - | - | €24 | €2 | ▼ 92.1% |
| Recurring financial income75 | €3 | - | - | €24 | €2 | ▼ 92.1% |
| Non-recurring financial income76B | €3 | - | - | - | - | - |
| Financial charges65/66B | - | - | €144 | €187 | €499 | ▲ 167% |
| Recurring financial charges65 | - | - | €144 | €187 | €499 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €32,413 | €62,190 | €34,287 | €59,736 | -€10,863 | ▼ 118% |
| Income taxes67/77 | €7,383 | €13,944 | €7,310 | €13,242 | €5,754 | ▼ 56.5% |
| Profit (loss) for the period9904 | €25,031 | €48,247 | €26,977 | €46,495 | -€16,616 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €25,031 | €48,247 | €26,977 | €46,495 | -€16,616 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,216 | €70,546 | €75,154 | €108,028 | €100,156 | ▼ 7.3% |
| Fixed assets21/28 | €1,967 | €19,138 | €14,586 | €12,753 | €8,041 | ▼ 36.9% |
| Intangible fixed assets21 | €1,967 | €1,504 | €733 | €0 | €0 | - |
| Tangible fixed assets22/27 | - | €17,633 | €13,853 | €12,693 | €7,981 | ▼ 37.1% |
| Land and buildings22 | - | €17,633 | - | - | - | - |
| Furniture and vehicles24 | - | - | €13,853 | €12,693 | €7,981 | ▼ 37.1% |
| Financial fixed assets28 | - | - | - | €60 | €60 | = |
| Current assets29/58 | €33,249 | €51,408 | €60,568 | €95,275 | €92,115 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €26,978 | €31,500 | €36,412 | €30,173 | €39,560 | ▲ 31.1% |
| Trade receivables40 | €4,600 | €4,600 | €435 | - | - | - |
| Other amounts receivable41 | €22,378 | €26,900 | €35,977 | €30,173 | €39,560 | ▲ 31.1% |
| Cash at bank and in hand54/58 | €6,271 | €19,908 | €22,742 | €61,905 | €47,492 | ▼ 23.3% |
| Deferred charges and accrued income490/1 | - | - | €1,414 | €3,197 | €5,063 | ▲ 58.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,216 | €70,546 | €75,154 | €108,028 | €100,156 | ▼ 7.3% |
| Equity10/15 | €12,888 | €42,134 | €46,112 | €73,469 | €31,852 | ▼ 56.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €7,888 | €37,134 | €41,112 | €68,469 | €26,852 | ▼ 60.8% |
| Provisions and deferred taxes16 | - | - | - | - | €34,310 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €34,310 | - |
| Other liabilities and charges164/5 | - | - | - | - | €34,310 | - |
| Amounts payable17/49 | €22,328 | €28,412 | €29,043 | €34,559 | €33,994 | ▼ 1.6% |
| Amounts payable within one year42/48 | €22,328 | €28,412 | €29,043 | €34,559 | €33,994 | ▼ 1.6% |
| Trade debts44 | €3,340 | €3,548 | €797 | €913 | €2,752 | ▲ 201% |
| Suppliers440/4 | €3,340 | €3,548 | €797 | €913 | €2,752 | ▲ 201% |
| Taxes, remuneration and social security45 | €6,988 | €11,563 | €5,246 | €7,508 | €6,242 | ▼ 16.9% |
| Taxes450/3 | €6,988 | €11,563 | €5,246 | €5,008 | €3,242 | ▼ 35.3% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €3,000 | ▲ 20.0% |
| Other amounts payable47/48 | €12,000 | €13,300 | €23,000 | €26,138 | €25,000 | ▼ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,031 | €48,247 | €26,977 | €46,495 | -€16,616 | ▼ 136% |
| + Depreciation and write-downs630 | €347 | €1,730 | €4,551 | €4,689 | €4,712 | ▲ 0.5% |
| Operating cash flow (approximation) | €25,378 | €49,976 | €31,529 | €51,183 | -€11,905 | ▼ 123% |
| Investment in fixed assets (approximation) | - | -€18,900 | €0 | -€2,855 | €0 | ▲ 100% |
| Change in cash | - | €13,638 | €2,834 | €39,162 | -€14,413 | ▼ 137% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€16,616
Net result drops to -€16,616, the lowest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €48,247 ▲92.8%
Operating result €62,190, net result €48,247, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full 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, Chimay · 1 establishment unit since 2021
Ground area
561 m²
Building footprint
153 m²
Volume, LiDAR
736 m³
Parcel 56045A0152/00F000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INFICOR
since 20212.322.367.367
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56045A0152/00F000 | Wallonia | 561 m² | 1 · 153 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500AFLFEEAD850D93
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2021
Fiscal year end31-12
Contact
E-mail
nicolascorman@yahoo.fr
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769872073
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.