INFRAROUGE
ActiveINFRAROUGE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €555k and a net result of €76k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 16.24 against 11.27 in 2024; short-term debt: 6.1% and cash: 78.5% of total assets), and 6.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
93.9%
Return on assets
12.8%
Age of the figures
15 mo
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 →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-12-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
59 d early
2023
58 d early
2022
54 d early
2021
54 d early
2020
55 d early
2019
60 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76k▲ 24.6%
2024 · €61k
2019: €2k
2020: €3k
2021: €79k
2022: €76k
2023: €80k
2024: €61k
2019 → 2025
Working capital
€545k▲ 76.4%
2024 · €309k
2019: €599k
2020: €601k
2021: €668k
2022: €547k
2023: €543k
2024: €309k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€682k-€558k▼ 18.2%€558k=€539k▼ 3.4%€555k▲ 2.9%
Operating result€111k-€112k▲ 0.5%€117k▲ 5.0%€86k▼ 26.3%€99k▲ 15.0%
Net result€79k-€76k▼ 3.5%€80k▲ 5.1%€61k▼ 24.0%€76k▲ 24.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €591k
Fixed assets
€10k▼ 95.6%
Current assets
€580k▲ 71.3%
Equity and liabilities €591k
Equity
€555k▲ 2.9%
Debt
€36k▲ 18.9%
The debt ratio rises from 5.3% to 6.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €92k
Cash flow
€76k▲
2024 · €66k
Solvency
93.9%▼
2024 · 94.7%
Current ratio
16.24▲
2024 · 11.27
Quick ratio
14.85▲
2024 · 9.57
Debt / equity
0.06▲
2024 · 0.06
ROE
13.7%▲
2024 · 11.3%
ROA
12.8%▲
2024 · 10.7%
Interest coverage
90.60▲
2024 · 87.52
Debt
€36k▲
2024 · €30k
Debt ≤ 1 year
€36k▲
2024 · €30k
Income taxes
€35k▲
2024 · €28k
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€569k€591k▲
Fixed assets21/28€230k€10k▼
Tangible fixed assets22/27€334€213▼
Furniture and vehicles24-€213
Other tangible fixed assets26€334-
Financial fixed assets28€230k€10k▼
Current assets29/58€339k€580k▲
Stocks and contracts in progress3€51k€50k▼
Stocks30/36€51k€50k▼
Amounts receivable within one year40/41€65k€67k▲
Trade receivables40€24k€29k▲
Other amounts receivable41€41k€38k▼
Cash at bank and in hand54/58€223k€464k▲
Equity and liabilities
Total equity and liabilities10/49€569k€591k▲
Equity10/15€539k€555k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€303k€373k▲
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Distributable reserves133€289k€359k▲
Profit (loss) carried forward14€174k€120k▼
Amounts payable17/49€30k€36k▲
Amounts payable within one year42/48€30k€36k▲
Trade debts44€215€294▲
Suppliers440/4€215€294▲
Taxes, remuneration and social security45€30k€35k▲
Taxes450/3€30k€35k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€115k€110k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€121▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€95k€103k▲
Operating profit (loss)9901€86k€99k▲
Financial income75/76B€4k€12k▲
Recurring financial income75€4k€12k▲
Non-recurring financial income76B€4k€400▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€89k€111k▲
Income taxes67/77€28k€35k▲
Profit (loss) for the period9904€61k€76k▲
Profit (loss) for the period to be appropriated9905€61k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€294k€190k▼
Profit (loss) brought forward from the previous period14P€233k€114k▼
Transfer to equity691/2€60k€70k▲
To other reserves6921€60k€70k▲
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
The notes to these accounts (6 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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €80k ▲5.1%
Operating result €117k, net result €80k, both a record.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waterloo · 1 establishment unit since 1994
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.
Avenue de Malmaison 401410 WaterlooGround area
1,751 m²
Building footprint
281 m²
Volume, LiDAR
1,315 m³
Parcel 25763I0876/00Z000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INFRAROUGE SA
since 19942.065.485.039
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0876/00Z000 | Wallonia | 1,751 m² | 1 · 281 m² | 8.3 m · 2 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.
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VALUE TRADING
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Of 567 companies in sector 46480 we hold annual accounts for 353. 223 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-12-1993
Fiscal year end30-06
Activities, NACEBEL
46480Wholesale trade
51474
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:023851385