INFRANEST
ActiveSummary
INFRANEST has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €23k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+18
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 11.79 against 12.25 in 2024; short-term debt: 8.3% and cash: 71.9% of total assets), and 8.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
91.7%
Return on assets
26.3%
Age of the figures
9 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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
55 d early
2023
63 d early
2022
31 d early
2021
26 d late
2020
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▲ 40.1%
2024 · €58k
2020: €31klowest in 6 years
2021: €51k▲ +63.3% vs 2020
2022: €58k▲ +13.1% vs 2021
2023: €62k▲ +7.5% vs 2022
2024: €58k▼ -6.9% vs 2023
2025: €81k▲ +40.1% vs 2024highest in 6 years
2020 → 2025
Total assets
€88k▲ 41.6%
2024 · €62k
2020: €34klowest in 6 years
2021: €51k▲ +49.8% vs 2020
2022: €58k▲ +13.0% vs 2021
2023: €65k▲ +12.7% vs 2022
2024: €62k▼ -4.4% vs 2023
2025: €88k▲ +41.6% vs 2024highest in 6 years
2020 → 2025
Net result
€23k▲ 244%
2024 · €7k
2020: €26khighest in 6 years
2021: €20k▼ -24.6% vs 2020
2022: €10k▼ -50.5% vs 2021
2023: €4k▼ -55.7% vs 2022lowest in 6 years
2024: €7k▲ +55.3% vs 2023
2025: €23k▲ +244% vs 2024
2020 → 2025
Working capital
€79k▲ 54.0%
2024 · €51k
2020: €14klowest in 6 years
2021: €40k▲ +183% vs 2020
2022: €54k▲ +35.2% vs 2021
2023: €51k▼ -4.5% vs 2022
2024: €51k▼ -0.1% vs 2023
2025: €79k▲ +54.0% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€58k▲ 13.1%€62k▲ 7.5%€58k▼ 6.9%€81k▲ 40.1%
2021: €51klowest in 5 years
2022: €58k▲ +13.1% vs 2021
2023: €62k▲ +7.5% vs 2022
2024: €58k▼ -6.9% vs 2023
2025: €81k▲ +40.1% vs 2024highest in 5 years
Operating result€27k-€13k▼ 51.1%€8k▼ 37.8%€11k▲ 35.6%€32k▲ 180%
2021: €27k
2022: €13k▼ -51.1% vs 2021
2023: €8k▼ -37.8% vs 2022lowest in 5 years
2024: €11k▲ +35.6% vs 2023
2025: €32k▲ +180% vs 2024highest in 5 years
Net result€20k-€10k▼ 50.5%€4k▼ 55.7%€7k▲ 55.3%€23k▲ 244%
2021: €20k
2022: €10k▼ -50.5% vs 2021
2023: €4k▼ -55.7% vs 2022lowest in 5 years
2024: €7k▲ +55.3% vs 2023
2025: €23k▲ +244% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€2k ▼ 73.1%
Current assets
€87k ▲ 54.6%
Equity and liabilities €88k
Equity
€81k ▲ 40.1%
Debt
€7k ▲ 60.1%
Debt's share of the balance-sheet total rises from 7.4% to 8.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2024 · €15k
Cash flow
€25k▲
2024 · €10k
Current ratio
11.79▼
2024 · 12.25
Debt to equity
0.09▲
2024 · 0.08
ROE
28.6%▲
2024 · 11.7%
ROA
26.3%▲
2024 · 10.8%
Interest coverage
38.57▲
2024 · 12.66
Debt ≤ 1 year
€7k▲
2024 · €5k
Income taxes
€8k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€62k€88k▲
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Plant, machinery and equipment23€0€404▲
Furniture and vehicles24€6k€1k▼
Current assets29/58€56k€87k▲
Amounts receivable within one year40/41€14k€21k▲
Trade receivables40€8k€12k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€40k€63k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€62k€88k▲
Equity10/15€58k€81k▲
Contributions10/11€5k€5k=
Reserves13€53k€76k▲
Distributable reserves133€53k€76k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Trade debts44€549€187▼
Suppliers440/4€549€187▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Accrued charges and deferred income492/3€13€0▼
Income statement
Code20242025
Non-recurring operating income76A-€852
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€509€432▼
Gross operating margin9900€17k€35k▲
Operating profit (loss)9901€11k€32k▲
Financial income75/76B€16€4▼
Recurring financial income75€16€4▼
Financial charges65/66B€1k€878▼
Recurring financial charges65€1k€878▼
Profit (loss) for the period before taxes9903€10k€31k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€7k€23k▲
Profit (loss) for the period to be appropriated9905€7k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€23k▲
Transfer from equity791/2€11k€0▼
Transfer to equity691/2€7k€23k▲
To other reserves6921€7k€23k▲
Profit to be distributed694/7€11k€0▼
Return on contributions (dividend)694€11k€0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €852 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €5k | €4k | €2k | ▼ 37.8% |
| Other operating charges640/8 | €291 | €747 | €1k | €1k | €1k | ▲ 4.3% |
| Non-recurring operating charges66A | - | - | - | €509 | €432 | ▼ 15.1% |
| Gross operating margin9900 | €35k | €21k | €15k | €17k | €35k | ▲ 114% |
| Operating profit (loss)9901 | €27k | €13k | €8k | €11k | €32k | ▲ 180% |
| Financial income75/76B | €0 | - | - | €16 | €4 | ▼ 78.5% |
| Recurring financial income75 | €0 | - | - | €16 | €4 | ▼ 78.5% |
| Financial charges65/66B | €167 | €437 | €1k | €1k | €878 | ▼ 25.9% |
| Recurring financial charges65 | €167 | €437 | €1k | €1k | €878 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | €27k | €13k | €7k | €10k | €31k | ▲ 204% |
| Income taxes67/77 | €7k | €3k | €3k | €3k | €8k | ▲ 124% |
| Profit (loss) for the period9904 | €20k | €10k | €4k | €7k | €23k | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | €20k | €10k | €4k | €7k | €23k | ▲ 244% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €58k | €65k | €62k | €88k | ▲ 41.6% |
| Fixed assets21/28 | €11k | €4k | €11k | €6k | €2k | ▼ 73.1% |
| Tangible fixed assets22/27 | €11k | €4k | €11k | €6k | €2k | ▼ 73.1% |
| Plant, machinery and equipment23 | €9k | €3k | €112 | €0 | €404 | - |
| Furniture and vehicles24 | €2k | €730 | €10k | €6k | €1k | ▼ 79.5% |
| Current assets29/58 | €40k | €54k | €55k | €56k | €87k | ▲ 54.6% |
| Amounts receivable within one year40/41 | €10k | €8k | €25k | €14k | €21k | ▲ 52.1% |
| Trade receivables40 | - | - | €18k | €8k | €12k | ▲ 46.7% |
| Other amounts receivable41 | €10k | €8k | €7k | €6k | €9k | ▲ 59.4% |
| Cash at bank and in hand54/58 | €30k | €44k | €28k | €40k | €63k | ▲ 58.2% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €58k | €65k | €62k | €88k | ▲ 41.6% |
| Equity10/15 | €51k | €58k | €62k | €58k | €81k | ▲ 40.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €46k | €53k | €57k | €53k | €76k | ▲ 43.9% |
| Distributable reserves133 | €46k | €53k | €57k | €53k | €76k | ▲ 43.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €160 | €127 | €3k | €5k | €7k | ▲ 60.1% |
| Amounts payable within one year42/48 | €160 | €6 | €3k | €5k | €7k | ▲ 60.6% |
| Trade debts44 | €160 | €6 | €1k | €549 | €187 | ▼ 65.9% |
| Suppliers440/4 | €160 | €6 | €1k | €549 | €187 | ▼ 65.9% |
| Taxes, remuneration and social security45 | €0 | - | €2k | €4k | €7k | ▲ 77.9% |
| Taxes450/3 | €0 | - | €2k | €4k | €7k | ▲ 77.9% |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €0 | €122 | €0 | €13 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €10k | €4k | €7k | €23k | ▲ 244% |
| + Depreciation and write-downs630 | €7k | €7k | €5k | €4k | €2k | ▼ 37.8% |
| Operating cash flow (approximation) | €27k | €17k | €10k | €10k | €25k | ▲ 143% |
| Investment in fixed assets (approximation) | - | €0 | €-12k | €492 | €2k | ▲ 368% |
| Change in cash | - | €14k | €-16k | €12k | €23k | ▲ 89.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €4k ▼55.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 37current ratio 9318.44
Current ratio from 249.98 to 9318.44; short-term debt falls from €160 to €6.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity times 43current ratio 249.98
Current ratio from 5.80 to 249.98; short-term debt falls from €3k to €160.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aalst · 1 establishment unit since 2019
Ground area
1,968 m²
Building footprint
983 m²
Volume, LiDAR
15,076 m³
2 parcels, Flanders · tallest building 19.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
INFRANEST
since 20192.293.877.972
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0832/00V000 | Flanders | 1,823 m² | 1 · 885 m² | 19.2 m · 6 fl. |
| 41303E0509/00S005 | Flanders | 145 m² | 1 · 98 m² | 11.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,946 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.