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InfraConnect

Active
Public limited companyfounded 20179 yrs activeVeldkant 33 A, 2550 Kontich, BelgiumKBO/BCE: BE 0669.618.615
Summary

The computed 12-month bankruptcy probability of InfraConnect is 2.2% (moderate). The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€66,996. Equity is shrinking by ~7.2% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.01 in 2024; cash: 96.5% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025
Age of the figures
Age of the figures
9 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.2m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filings
Deviation from the deadline
2025
24 d late
2024
22 d late
2023
14 d late
2022
9 d late
2021
18 d late
2020
19 d early
2019
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days after 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 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 January 2017, InfraConnect was incorporated.1 Revenue went from EUR 260,199 in 2018 to EUR 76,800 in 2020 and headcount from 1.6 full-time equivalents in 2018 to 1 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2021

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Financials · fiscal year 2025, full schema

Turnover
€76,800▼ 68.7%
2019 · €245,000
EBIT margin
-106.2%▼ 26.3pp
2019 · -79.9%
Net result
-€66,996▲ 4.5%
2024 · -€70,119
Working capital
-€1.2m▼ 5.7%
2024 · -€1.2m
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
Operating result-€37,774▲ 53.7%-€6,763▲ 82.1%-€8,013▼ 18.5%-€8,522▼ 6.3%-€10,100▼ 18.5%
Net result-€77,308▲ 36.2%-€48,212▲ 37.6%-€65,502▼ 35.9%-€70,119▼ 7.0%-€66,996▲ 4.5%
EBIT margin
Equity-€982,520▼ 8.5%-€1.0m▼ 4.9%-€1.1m▼ 6.4%-€1.2m▼ 6.4%-€1.2m▼ 5.7%
Total assets€18,042▼ 60.6%€14,821▼ 17.9%€17,388▲ 17.3%€17,539▲ 0.9%€5,286▼ 69.9%
Debt€1.0m▲ 5.2%€1.0m▲ 4.5%€1.1m▲ 6.5%€1.2m▲ 6.3%€1.2m▲ 4.6%
Working capital-€982,648▼ 7.9%-€1.0m▼ 4.9%-€1.1m▼ 6.4%-€1.2m▼ 6.4%-€1.2m▼ 5.7%
Staff (FTE)1▼ 47.4%
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2021: -€37,774-€37,774Net result 2021: -€77,308-€77,308Operating result 2022: -€6,763-€6,763Net result 2022: -€48,212-€48,212Operating result 2023: -€8,013-€8,013Net result 2023: -€65,502-€65,502Operating result 2024: -€8,522-€8,522Net result 2024: -€70,119-€70,119Operating result 2025: -€10,100-€10,100Net result 2025: -€66,996-€66,99620212022202320242025-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€8,013-€8,010Net result 2023: -€65,502-€65,500Operating result 2024: -€8,522-€8,520Net result 2024: -€70,119-€70,100Operating result 2025: -€10,100-€10,100Net result 2025: -€66,996-€67,000202320242025
The operating result stays negative: a loss of €10,100 in 2025 against €8,522 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.00▼
2024 · 0.01
Debt to equity
-1.00▲
2024 · -1.02
Debt ≤ 1 year
€1.2m▲
2024 · €1.2m
A ratio outside any meaningful range has been withheld (balance sheet total €5,286, equity -€1.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 6,010 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€17,539€5,286▼
Current assets29/58€17,539€5,286▼
Amounts receivable within one year40/41€13,229€134▼
Other amounts receivable41€13,229€134▼
Cash at bank and in hand54/58€4,310€5,100▲
Deferred charges and accrued income490/1-€52
Equity and liabilities
Total equity and liabilities10/49€17,539€5,286▼
Equity10/15-€1.2m-€1.2m▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€1.2m-€1.3m▼
Amounts payable17/49€1.2m€1.2m▲
Amounts payable within one year42/48€1.2m€1.2m▲
Trade debts44€19,112€17,707▼
Suppliers440/4€19,112€17,707▼
Other amounts payable47/48€1.2m€1.2m▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€7,721€9,417▲
Other operating charges640/8€801€682▼
Gross operating margin9900-€7,721-€9,417▼
Operating profit (loss)9901-€8,522-€10,100▼
Financial charges65/66B€61,597€56,896▼
Recurring financial charges65€61,597€56,896▼
Profit (loss) for the period before taxes9903-€70,119-€66,996▲
Profit (loss) for the period9904-€70,119-€66,996▲
Profit (loss) for the period to be appropriated9905-€70,119-€66,996▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.2m-€1.3m▼
Profit (loss) brought forward from the previous period14P-€1.2m-€1.2m▼
Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61€7,663€5,891€7,197€7,721€9,417▲ 22.0%
Remuneration, social security and pensions62€34,209-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,522€127----
Other operating charges640/8€597€745€816€801€682▼ 14.8%
Gross operating margin9900€553-€5,891-€7,197-€7,721-€9,417▼ 22.0%
Operating profit (loss)9901-€37,774-€6,763-€8,013-€8,522-€10,100▼ 18.5%
Financial charges65/66B€39,553€41,435€57,489€61,597€56,896▼ 7.6%
Recurring financial charges65€39,553€41,435€57,489€61,597€56,896▼ 7.6%
Profit (loss) for the period before taxes9903-€77,327-€48,198-€65,502-€70,119-€66,996▲ 4.5%
Income taxes67/77-€18€14----
Profit (loss) for the period9904-€77,308-€48,212-€65,502-€70,119-€66,996▲ 4.5%
Profit (loss) for the period to be appropriated9905-€77,308-€48,212-€65,502-€70,119-€66,996▲ 4.5%
Line20212022202320242025Change
Assets
Total assets20/58€18,042€14,821€17,388€17,539€5,286▼ 69.9%
Fixed assets21/28€127-----
Tangible fixed assets22/27€127-----
Plant, machinery and equipment23€127-----
Current assets29/58€17,915€14,821€17,388€17,539€5,286▼ 69.9%
Amounts receivable within one year40/41€8,158€9,952€12,236€13,229€134▼ 99.0%
Other amounts receivable41€8,158€9,952€12,236€13,229€134▼ 99.0%
Cash at bank and in hand54/58€9,441€4,553€5,100€4,310€5,100▲ 18.3%
Deferred charges and accrued income490/1€316€316€52-€52-
Equity and liabilities
Total equity and liabilities10/49€18,042€14,821€17,388€17,539€5,286▼ 69.9%
Equity10/15-€982,520-€1.0m-€1.1m-€1.2m-€1.2m▼ 5.7%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€1.0m-€1.1m-€1.2m-€1.2m-€1.3m▼ 5.5%
Amounts payable17/49€1.0m€1.0m€1.1m€1.2m€1.2m▲ 4.6%
Amounts payable within one year42/48€1.0m€1.0m€1.1m€1.2m€1.2m▲ 4.6%
Trade debts44€59,221€12,789€17,973€19,112€17,707▼ 7.4%
Suppliers440/4€59,221€12,789€17,973€19,112€17,707▼ 7.4%
Taxes, remuneration and social security45€1,257€14----
Taxes450/3€460€14----
Remuneration and social security454/9€797-----
Other amounts payable47/48€940,085€1.0m€1.1m€1.2m€1.2m▲ 4.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€77,308-€48,212-€65,502-€70,119-€66,996▲ 4.5%
+ Depreciation and write-downs630€3,522€127----
Operating cash flow (approximation)-€73,787-€48,085-€65,502-€70,119-€66,996▲ 4.5%
Change in cash--€4,889€548-€790€790▲ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
22-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
14-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
09-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
18-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
12-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
NBB filing
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
7 acts for this company are 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, Kontich · 1 establishment unit since 2017
seat establishment approximate The establishment unit on the map
Ground area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
79 companies at this address See who is registered here
1 establishment unit
Infraconnect
Veldkant 33 A, 2550 KontichIT consultancy
since 20172.263.445.213
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11024B0079/00F000 Flanders 3,333 m² 1 · 932 m² 10.3 m · 3 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.

Structure & network

Part of the group Nuclys 450 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Nuclys 95.22%
  2. De Cronos Groep 80%
  3. InfraConnect

Highest known parent: Nuclys. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of InfraConnect and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded16-01-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0669618615
Also 9925:BE0669618615

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.