Infra Connection
ActiveThe computed 12-month bankruptcy probability of Infra Connection is 2.3% (moderate). The 2024 annual accounts show equity of €170k and a net result of €80k. Equity is growing by ~72.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 1330 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+5
Solvency55▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.14 in 2023; short-term debt: 62.8% and cash: 0.3% of total assets), and 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
46 d late
2022
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€170k▲ 88.4%
2023 · €90k
2022: €40k
2023: €90k
2022 → 2024
Total assets
€561k▲ 20.4%
2023 · €466k
2022: €112k
2023: €466k
2022 → 2024
Net result
€80k▲ 57.5%
2023 · €51k
2022: €30k
2023: €51k
2022 → 2024
Working capital
€60k▲ 41.7%
2023 · €43k
2022: €15k
2023: €43k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€40k-€90k▲ 128%€170k▲ 88.4%
Operating result€38k-€83k▲ 119%€122k▲ 47.8%
Net result€30k-€51k▲ 71.2%€80k▲ 57.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €561k
Fixed assets
€148k▲ 35.2%
Current assets
€412k▲ 15.8%
Equity and liabilities €561k
Equity
€170k▲ 88.4%
Debt
€391k▲ 4.1%
The debt ratio falls from 80.6% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€147k▲
2023 · €98k
Cash flow
€105k▲
2023 · €66k
Solvency
30.3%▲
2023 · 19.4%
Current ratio
1.17▲
2023 · 1.14
Quick ratio
1.17▲
2023 · 1.14
Debt / equity
2.30▼
2023 · 4.17
ROE
46.9%▼
2023 · 56.1%
ROA
14.2%▲
2023 · 10.9%
Interest coverage
22.92▲
2023 · 14.54
Debt
€391k▲
2023 · €375k
Debt ≤ 1 year
€352k▲
2023 · €313k
Debt > 1 year
€39k▼
2023 · €62k
Income taxes
€36k▲
2023 · €25k
Staff costs
€177k▲
2023 · €106k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€466k€561k▲
Fixed assets21/28€110k€148k▲
Tangible fixed assets22/27€110k€148k▲
Land and buildings22-€22k
Plant, machinery and equipment23€52k€70k▲
Furniture and vehicles24€58k€56k▼
Current assets29/58€356k€412k▲
Amounts receivable within one year40/41€336k€400k▲
Trade receivables40€330k€370k▲
Other amounts receivable41€6k€30k▲
Cash at bank and in hand54/58€17k€2k▼
Deferred charges and accrued income490/1€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€466k€561k▲
Equity10/15€90k€170k▲
Contributions10/11€10k€10k=
Reserves13€80k€160k▲
Distributable reserves133€80k€160k▲
Amounts payable17/49€375k€391k▲
Amounts payable after more than one year17€62k€39k▼
Financial debts170/4€62k€39k▼
Amounts payable within one year42/48€313k€352k▲
Current portion of amounts payable after more than one year42€26k€20k▼
Trade debts44€237k€208k▼
Suppliers440/4€237k€208k▼
Taxes, remuneration and social security45€33k€96k▲
Taxes450/3€25k€61k▲
Remuneration and social security454/9€9k€35k▲
Other amounts payable47/48€17k€27k▲
Income statement
Code20232024
Remuneration, social security and pensions62€106k€177k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€25k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€714
Gross operating margin9900€208k€327k▲
Operating profit (loss)9901€83k€122k▲
Financial income75/76B-€111
Recurring financial income75-€111
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€76k€116k▲
Income taxes67/77€25k€36k▲
Profit (loss) for the period9904€51k€80k▲
Profit (loss) for the period to be appropriated9905€51k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€80k▲
Transfer to equity691/2€51k€80k▲
To other reserves6921€51k€80k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Highest result since 2022net €80k ▲57.5%
Operating result €122k, net result €80k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲88.4%
3 profitable years in a row build equity to €170k.
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 46 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hamme (Vl.) · 2 establishment units since 2021
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.
Loystraat 1209220 Hamme (Vl.)Ground area
2,044 m²
Building footprint
924 m²
Volume, LiDAR
4,398 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Infra Connection
since 20212.324.325.381
Touwslagerstraat 10, 9240 Zele
since 20252.369.740.979
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0760/00B000 | Flanders | 1,778 m² | 1 · 805 m² | 4.9 m · 1 fl. |
| 42008A1640/00L002 | Flanders | 265 m² | 1 · 119 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesInfra Connection BV44957
Infra Connection BV#10183
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Of 295 companies in sector 42211 we hold annual accounts for 132. 92 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2021
Fiscal year end31-12
Activities, NACEBEL
42211Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:infraconnection@hotmail.com