Equity
Equity fell by 91% in 3 years.
The dashed line is the sector median: 0.1% across 25,925 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 62, micro). It does better than 17% of them on solvency, 31% on liquidity, 82% on profitability and 41% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as Infinity Code has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Infinity Code itself is lower: 0.1% within 12 months. It rests on far more data about Infinity Code than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Infinity Code. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.02 (0.98 in 2024), below the usual 1.5. Short-term debt is 88.7% and cash 69.9% of total assets. 88.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 10 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Infinity Code Namur | €53,226 | €41,489 | 11.3% | - |
| Badie Consulting Lede | €51,588 | €39,889 | 4.8% | - |
| Altaïr Engineer Mons | €51,607 | €43,642 | 0.2% | - |
| NLS Consult Heusden-Zolder | €57,422 | €41,949 | 1.7% | - |
| METISENSE Rotselaar | €52,169 | €45,372 | 9.6% | - |
| WRlab Liège | €48,184 | €43,401 | 58.4% | - |
| Tekit Schaerbeek | €57,141 | €44,435 | 43.5% | - |
These companies have the same main activity as Infinity Code: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €48,200 and €57,400, founded between 2020 and 2021.
Infinity Code files the micro format. That format states no turnover. The gross margin rose from €19,092 in 2020 to €41,489 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €110,000 and €190,000.
Higher than 15% of 21,193 companies in 2025.
Higher than 18% of 20,556 companies in 2025.
Higher than 89% of 20,731 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
53,226 | 54,358 | 104,986 | 86,199 | 65,554 | 29,756 | |
21/28 |
4,971 | 7,113 | 150 | 150 | 150 | 150 | |
22/27 |
4,821 | 6,963 | - | - | - | - | |
24 |
4,821 | 6,963 | - | - | - | - | |
28 |
150 | 150 | 150 | 150 | 150 | 150 | |
29/58 |
48,255 | 47,245 | 104,836 | 86,049 | 65,404 | 29,606 | |
40/41 |
10,823 | 9,127 | 0 | 10,178 | 8,618 | 8,867 | |
40 |
9,317 | 9,127 | 0 | 10,178 | 8,618 | 8,867 | |
41 |
1,506 | - | - | - | - | - | |
54/58 |
37,206 | 37,896 | 104,622 | 75,668 | 56,786 | 20,739 | |
490/1 |
226 | 221 | 214 | 204 | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
53,226 | 54,358 | 104,986 | 86,199 | 65,554 | 29,756 | |
10/15 |
6,000 | 6,000 | 6,000 | 63,897 | 44,485 | 19,471 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
14 |
0 | 0 | 0 | 57,897 | 38,485 | 13,471 | |
17/49 |
47,226 | 48,358 | 98,986 | 22,302 | 21,069 | 10,285 | |
42/48 |
47,226 | 48,358 | 98,512 | 21,827 | 21,069 | 10,285 | |
44 |
3,857 | 1,688 | 1,018 | 242 | 378 | 759 | |
440/4 |
3,857 | 1,688 | 1,018 | 242 | 378 | 759 | |
45 |
13,228 | 16,234 | 25,239 | 21,586 | 20,630 | 9,526 | |
450/3 |
13,228 | 16,234 | 25,239 | 21,586 | 20,630 | 9,526 | |
47/48 |
30,141 | 30,436 | 72,255 | - | 61 | - | |
492/3 |
- | 0 | 473 | 475 | - | - | |
| Income statement | |||||||
9900 |
41,489 | 48,991 | 36,136 | 25,999 | 32,438 | 19,092 | |
630 |
2,142 | 1,685 | - | - | - | - | |
640/8 |
1,007 | 1,263 | 659 | 415 | 249 | - | |
9901 |
38,340 | 46,043 | 35,477 | 25,584 | 32,189 | 19,092 | |
75/76B |
1 | - | - | - | - | 0 | |
75 |
1 | - | - | - | - | 0 | |
65/66B |
96 | 121 | 739 | 405 | 28 | 0 | |
65 |
96 | 121 | 739 | 405 | 28 | 0 | |
9903 |
38,245 | 45,923 | 34,738 | 25,179 | 32,161 | 19,092 | |
67/77 |
8,494 | 10,115 | 7,888 | 5,767 | 7,148 | 5,621 | |
9904 |
29,751 | 35,808 | 26,850 | 19,412 | 25,014 | 13,471 | |
9905 |
29,751 | 35,808 | 26,850 | 19,412 | 25,014 | 13,471 | |
| Appropriation of the result | |||||||
9906 |
29,751 | 35,808 | 84,747 | 57,897 | 38,485 | 13,471 | |
14P |
- | 0 | 57,897 | 38,485 | 13,471 | - | |
694/7 |
29,751 | 35,808 | 84,747 | - | - | - | |
694 |
29,751 | 35,808 | 84,747 | - | - | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355704 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328174 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00219595 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00384004 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20242018 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69800542 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 40,482 | 47,728 | - | - | - | - | ||
| 31,893 | 37,492 | - | - | - | - | ||
| 0 | 8,648 | - | - | - | 150 | ||
| -690 | -66,726 | 28,954 | 18,882 | 36,047 | - | ||
| 1,029 | -1,113 | 6,323 | 64,222 | 44,335 | 19,321 | ||
| 11.3% | 11.0% | 5.7% | 74.1% | 67.9% | 65.4% | ||
| 1.02 | 0.98 | 1.06 | 3.94 | 3.10 | 2.88 | ||
| 7.87 | 8.06 | 16.50 | 0.35 | 0.47 | 0.53 | ||
| 495.8% | 596.8% | 447.5% | 30.4% | 56.2% | 69.2% | ||
| 55.9% | 65.9% | 25.6% | 22.5% | 38.2% | 45.3% | ||
| over 100 | over 100 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,648 | - | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| €2,142 | €1,685 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 17% lower than in 2024.
Debt's share of the balance-sheet total falls from 89.0% to 88.7%. Debt is lower.
Infinity Code has no parent and no holdings in its annual accounts. ZIKOS Thomas is the only director. Infinity Code shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 September 2020, Infinity Code was incorporated as a private limited company.1 In 2023 the registered office moved to Belgrade.2 ZIKOS Thomas has served as director since 2020.3 Total assets went from €29,756 in 2020 to €53,226 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Rue Félicien Deneumoustier 30 registered office 5001 Namur | ||
| Van Wambekestraat 33 1080 Molenbeek-Saint-Jean | 29-09-2020 | 2.308.170.626 |
| Molenbergstraat 36 1700 Dilbeek | 29-09-2022 | 2.334.775.350 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92010D0180/00L003 | Wallonia | 455 m² | 1 · 78 m² | 10.1 m · 3 |
| 21524C0064/00C005 | Brussels | 383 m² | 1 · 181 m² | 16.4 m · 4 |
| 23016D0093/00R003 | Flanders | 185 m² | 1 · 76 m² | 13.1 m · 3 |
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