INFORWIN
ActiveINFORWIN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €7k. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
83
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+85
Solvency92▼-8
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 4.17 in 2024), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.4%
Return on assets
13.7%
Age of the figures
8 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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
3 d early
2023
16 d late
2022
6 d early
2021
26 d late
2020
20 d late
2019
19 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€40k▲ 20.5%
2024 · €34k
2018: €58k
2019: €59k
2020: €63k
2021: €56k
2022: €53k
2023: €43k
2024: €34k
2018 → 2025
Total assets
€50k▲ 20.9%
2024 · €42k
2018: €65k
2019: €74k
2020: €77k
2021: €67k
2022: €65k
2023: €53k
2024: €42k
2018 → 2025
Net result
€7k
2024 · €-9k
2018: €3k
2019: €333
2020: €5k
2021: €-7k
2022: €-4k
2023: €-10k
2024: €-9k
2018 → 2025
Working capital
€6k▼ 76.1%
2024 · €26k
2018: €44k
2019: €51k
2020: €15k
2021: €18k
2022: €24k
2023: €25k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€53k▼ 6.3%€43k▼ 18.8%€34k▼ 21.9%€40k▲ 20.5%
Operating result€-7k-€-4k▲ 49.7%€-10k▼ 182%€-7k▲ 25.4%€-5k▲ 28.8%
Net result€-7k-€-4k▲ 48.1%€-10k▼ 179%€-9k▲ 5.2%€7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€34k▲ 327%
Current assets
€16k▼ 52.5%
Equity and liabilities €50k
Equity
€40k▲ 20.5%
Debt
€10k▲ 22.6%
The debt ratio rises from 19.3% to 19.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-3k▼
2024 · €3k
Cash flow
€9k▲
2024 · €761
Solvency
80.4%▼
2024 · 80.7%
Current ratio
1.62▼
2024 · 4.17
Quick ratio
1.46▼
2024 · 3.86
Debt / equity
0.24▲
2024 · 0.24
ROE
17.0%▲
2024 · -28.1%
ROA
13.7%▲
2024 · -22.6%
Interest coverage
-84.34▼
2024 · 70.56
Debt
€10k▲
2024 · €8k
Debt ≤ 1 year
€10k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€42k€50k▲
Fixed assets21/28€8k€34k▲
Tangible fixed assets22/27€8k€34k▲
Furniture and vehicles24€8k€34k▲
Current assets29/58€34k€16k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€4k€4k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€24k€9k▼
Deferred charges and accrued income490/1€501-
Equity and liabilities
Total equity and liabilities10/49€42k€50k▲
Equity10/15€34k€40k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€13k€20k▲
Amounts payable17/49€8k€10k▲
Amounts payable within one year42/48€8k€10k▲
Trade debts44€646€3k▲
Suppliers440/4€646€3k▲
Taxes, remuneration and social security45€215€56▼
Taxes450/3€215€56▼
Other amounts payable47/48€7k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€2k▼
Other operating charges640/8€659€80▼
Gross operating margin9900€3k€-3k▼
Operating profit (loss)9901€-7k€-5k▲
Financial income75/76B-€12k
Recurring financial income75-€12k
Non-recurring financial income76B-€12k
Financial charges65/66B€40€41▲
Recurring financial charges65€40€41▲
Profit (loss) for the period before taxes9903€-7k€7k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-9k€7k▲
Profit (loss) for the period to be appropriated9905€-9k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€20k▲
Profit (loss) brought forward from the previous period14P€22k€13k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 4 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Ahmed GHARBAOUI
CurrentAdministrateur unique · since 08-07-2024
08-07-2024
Appointed as Administrateur unique
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zavelenberggaarde 291082 Sint-Agatha-BerchemGround area
507 m²
Building footprint
90 m²
Volume, LiDAR
809 m³
Parcel 21003A0329/00C003, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INFORWIN
since 20062.151.088.034
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0329/00C003 | Brussels | 507 m² | 1 · 90 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BizMotica Belgium
BE 0546.695.562
La Hulpe · Eq €41k
CASH-TECH
BE 0759.830.791
Grez-Doiceau · Eq €40k
DEVELOPMENT MICROSYSTEMS AND SOFT
BE 0431.480.744
Brussel · Eq €40k
MICRODEVICE
BE 0433.020.569
Leuven · Eq €41k
GETRACO
BE 0425.329.063
Ath · Eq €41k
Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2006
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
51840
47400Retail sale of information and communication equipment
47410Retail trade
52487
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
72100
72500
72600
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.