INFINITY GROUP
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 The financial year closed on 30 September 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 13-10-2025 PDF all 6 filings
Turnover
≈ €2.3m
Estimated: probably between €1.4m and €3.0m
Total assets
€592,132▲ 6.3%
2023 · €556,976
Net result
€57,572▲ 232%
2023 · €17,317
Working capital
€23,058
2023 · -€58,064
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result for 2024 is 163% higher than in 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
Operating result€87,263
2024
Net result€57,572
2024
Total assets€592,132
2024
Equity€140,952
2024
Debt€451,180
2024
Working capital€23,058
2024
Return on assets (ROA)9.7%
2024
Solvency23.8%
2024
Current ratio1.10
2024
Staff (FTE)33.3
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€40,310-€45,654▲ 13.3%€22,789▼ 50.1%€18,883▼ 17.1%€33,222▲ 75.9%€87,263▲ 163%
Net result€36,584-€38,454above the sector's middle half▲ 5.1%€16,503within the sector's middle half▼ 57.1%€9,321within the sector's middle half▼ 43.5%€17,317within the sector's middle half▲ 85.8%€57,572above the sector's middle half▲ 232%
Equity€17,784-€40,238within the sector's middle half▲ 126%€56,742within the sector's middle half▲ 41.0%€66,063within the sector's middle half▲ 16.4%€83,380within the sector's middle half▲ 26.2%€140,952above the sector's middle half▲ 69.0%
Total assets€83,551-€125,288within the sector's middle half▲ 50.0%€228,439within the sector's middle half▲ 82.3%€366,550above the sector's middle half▲ 60.5%€556,976above the sector's middle half▲ 52.0%€592,132above the sector's middle half▲ 6.3%
Debt€65,767-€85,050▲ 29.3%€171,697▲ 102%€300,487▲ 75.0%€473,596▲ 57.6%€451,180▼ 4.7%
Working capital-€10,359-€10,722within the sector's middle half€216within the sector's middle half▼ 98.0%-€34,349below the sector's middle half-€58,064below the sector's middle half▼ 69.0%€23,058within the sector's middle half
Solvency21.3%-32.1%within the sector's middle half▲ 10.8pp24.8%within the sector's middle half▼ 7.3pp18.0%below the sector's middle half▼ 6.8pp15.0%below the sector's middle half▼ 3.1pp23.8%within the sector's middle half▲ 8.8pp
Current ratio0.80-1.14within the sector's middle half▲ 0.351.00within the sector's middle half▼ 0.140.72below the sector's middle half▼ 0.280.75below the sector's middle half▲ 0.031.10within the sector's middle half▲ 0.35
Return on assets (ROA)43.8%-30.7%above the sector's middle half▼ 13.1pp7.2%within the sector's middle half▼ 23.5pp2.5%within the sector's middle half▼ 4.7pp3.1%within the sector's middle half▲ 0.6pp9.7%within the sector's middle half▲ 6.6pp
Staff (FTE)5-10above the sector's middle half▲ 100%14.8▲ 48.0%33.3
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €592,132
Fixed assets
€330,819 ▼ 13.3%
Current assets
€261,313 ▲ 48.9%
Equity and liabilities €592,132
Equity
€140,952 ▲ 69.0%
Debt
€451,180 ▼ 4.7%
Debt's share of the balance-sheet total falls from 85.0% to 76.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,074▲
2023 · €56,886
Cash flow
€84,383▲
2023 · €40,981
Debt to equity
3.20▼
2023 · 5.68
ROE
40.8%▲
2023 · 20.8%
Interest coverage
7.75▲
2023 · 6.69
Debt ≤ 1 year
€238,255▲
2023 · €233,583
Debt > 1 year
€212,925▼
2023 · €240,013
Income taxes
€16,823▲
2023 · €8,858
Staff costs
€1.1m▲
2023 · €869,432
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2023 |
|---|---|---|
| Employees at the balance-sheet date | 21 | 53 |
| full-time | 5 | 16 |
| part-time | 16 | 37 |
| in full-time equivalents | 15.3 | 37.7 |
| Average over the year, in full-time equivalents | 14.1 | 33.3 |
| On a permanent contract | 19 | 48 |
| Joined | 15 | 112 |
| Left | 9 | 98 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Tangible fixed assets | €87,820 | €180,000 | €135,000 | €1,173 |
| Depreciation and write-downs of the year | €3,950 | €26,457 | €23,664 | €26,811 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €2.4m awarded · €2.4m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €365,071 | €362,522 |
| 2024 | 2 | €930,031 | €928,982 |
| 2023 | 2 | €696,361 | €694,868 |
| 2022 | 2 | €443,968 | €443,008 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.4m | €0.5m | €0.9m | €1.1m | ▲ 29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.004m | €0.004m | €0.03m | €0.02m | €0.03m | ▲ 13.3% |
| Other operating charges640/8 | - | - | €169 | €0.003m | €0.03m | €0.002m | ▼ 93.9% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.4m | €0.6m | €1.0m | €1.2m | ▲ 30.4% |
| Operating profit (loss)9901 | €0.04m | €0.05m | €0.02m | €0.02m | €0.03m | €0.09m | ▲ 163% |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €0.002m | ▲ 27.7% |
| Recurring financial income75 | - | €0.001m | - | €0.001m | €0.001m | €0.002m | ▲ 27.7% |
| Financial charges65/66B | - | - | €0.001m | €0.004m | €0.009m | €0.01m | ▲ 73.2% |
| Recurring financial charges65 | €307 | €0.001m | €0.001m | €0.004m | €0.009m | €0.01m | ▲ 73.2% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.05m | €0.02m | €0.02m | €0.03m | €0.07m | ▲ 184% |
| Income taxes67/77 | €0.003m | €0.007m | €0.006m | €0.006m | €0.009m | €0.02m | ▲ 89.9% |
| Profit (loss) for the period9904 | €0.04m | €0.04m | €0.02m | €0.009m | €0.02m | €0.06m | ▲ 232% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.04m | €0.02m | €0.009m | €0.02m | €0.06m | ▲ 232% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €83,551 | €125,288 | €228,439 | €366,550 | €556,976 | €592,132 | ▲ 6.3% |
| Fixed assets21/28 | €43,306 | €39,452 | €123,322 | €276,865 | €381,457 | €330,819 | ▼ 13.3% |
| Tangible fixed assets22/27 | €18,306 | €14,452 | €98,322 | €251,865 | €356,457 | €330,819 | ▼ 7.2% |
| Land and buildings22 | - | - | - | €174,961 | €303,861 | €294,945 | ▼ 2.9% |
| Furniture and vehicles24 | - | - | €98,322 | €76,904 | €52,596 | €35,874 | ▼ 31.8% |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | - | - |
| Current assets29/58 | €40,245 | €85,836 | €105,117 | €89,685 | €175,519 | €261,313 | ▲ 48.9% |
| Amounts receivable within one year40/41 | €10,585 | €40,874 | €62,163 | €60,190 | €124,823 | €76,814 | ▼ 38.5% |
| Trade receivables40 | - | - | €56,447 | €38,217 | €105,631 | €39,814 | ▼ 62.3% |
| Other amounts receivable41 | - | - | €5,716 | €21,973 | €19,193 | €37,000 | ▲ 92.8% |
| Cash at bank and in hand54/58 | €28,752 | €44,793 | €42,892 | €29,495 | €49,364 | €183,675 | ▲ 272% |
| Deferred charges and accrued income490/1 | - | - | €62 | - | €1,332 | €824 | ▼ 38.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €83,551 | €125,288 | €228,439 | €366,550 | €556,976 | €592,132 | ▲ 6.3% |
| Equity10/15 | €17,784 | €40,238 | €56,742 | €66,063 | €83,380 | €140,952 | ▲ 69.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - |
| Contributions outside capital11 | - | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €9,724 | €32,178 | €48,682 | €58,003 | €75,320 | €132,892 | ▲ 76.4% |
| Amounts payable17/49 | €65,767 | €85,050 | €171,697 | €300,487 | €473,596 | €451,180 | ▼ 4.7% |
| Amounts payable after more than one year17 | €15,163 | €9,936 | €66,797 | €176,454 | €240,013 | €212,925 | ▼ 11.3% |
| Financial debts170/4 | - | - | €66,797 | €176,454 | €240,013 | €212,925 | ▼ 11.3% |
| Amounts payable within one year42/48 | €50,604 | €75,114 | €104,901 | €124,034 | €233,583 | €238,255 | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | - | €20,678 | €23,694 | €53,706 | €28,388 | ▼ 47.1% |
| Trade debts44 | €16,726 | €24,307 | €18,110 | €31,928 | €92,610 | €139,658 | ▲ 50.8% |
| Suppliers440/4 | - | - | €18,110 | €31,928 | €92,610 | €139,658 | ▲ 50.8% |
| Taxes, remuneration and social security45 | - | - | €65,892 | €68,412 | €87,267 | €70,209 | ▼ 19.5% |
| Taxes450/3 | - | - | €12,426 | €6,640 | €17,134 | €26,127 | ▲ 52.5% |
| Remuneration and social security454/9 | - | - | €53,466 | €61,772 | €70,132 | €44,082 | ▼ 37.1% |
| Other amounts payable47/48 | - | - | €221 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,584 | €38,454 | €16,503 | €9,321 | €17,317 | €57,572 | ▲ 232% |
| + Depreciation and write-downs630 | €963 | €3,854 | €3,950 | €26,457 | €23,664 | €26,811 | ▲ 13.3% |
| Operating cash flow (approximation) | €37,547 | €42,308 | €20,453 | €35,778 | €40,981 | €84,383 | ▲ 106% |
| Investment in fixed assets (approximation) | - | €0 | -€87,820 | -€180,000 | -€128,256 | €23,827 | - |
| Change in cash | - | €16,041 | -€1,901 | -€13,397 | €19,869 | €134,311 | ▲ 576% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | micro format | 13-10-2025 | 2025-00540670 | |
| 30-09-2023 | micro format | 09-04-2024 | 2024-00064649 | |
| 30-09-2022 | micro format | 01-05-2023 | 2023-00081362 | |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20021091 | |
| 30-09-2020 | micro format | 14-05-2021 | 2021-14700315 | |
| 30-09-2019 | micro format | 06-03-2020 | 2020-06400081 |