Infravest
ActiveSummary
The computed 12-month bankruptcy probability of Infravest is 1.9% (moderate). The 2025 annual accounts show equity of €110.1m and a net result of €3.7m. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+25
Solvency76▲+6
Growth78
Track record82
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 7.8% and cash: 0% of total assets), and 49.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
50.9%
Return on assets
1.7%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
53 d early
2024
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 61 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€110.1m▲ 185%
2024 · €38.6m
Total assets
€216.1m▲ 153%
2024 · €85.5m
Net result
€3.7m
2024 · -€7.2m
Working capital
-€16.8m▲ 5.6%
2024 · -€17.8m
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
Line20242025
Operating result-€381,877--€227,509▲ 40.4%
Net result-€7.2m-€3.7m
Equity€38.6m-€110.1m▲ 185%
Total assets€85.5m-€216.1m▲ 153%
Debt€46.9m-€106.0m▲ 126%
Working capital-€17.8m--€16.8m▲ 5.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €227,509 in 2025 against €381,877 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216.1m
Fixed assets
€216.0m ▲ 153%
Current assets
€79,320 ▲ 434%
Equity and liabilities €216.1m
Equity
€110.1m ▲ 185%
Debt
€106.0m ▲ 126%
Debt's share of the balance-sheet total falls from 54.9% to 49.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.96▼
2024 · 1.21
ROE
3.4%▲
2024 · -18.5%
ROA
1.7%▲
2024 · -8.4%
Debt ≤ 1 year
€16.9m▼
2024 · €17.8m
Debt > 1 year
€88.6m▲
2024 · €28.5m
Income taxes
€0▼
2024 · €2
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €387 | €520 | ▲ 34.2% |
| Gross operating margin9900 | -€381,489 | -€226,989 | ▲ 40.5% |
| Operating profit (loss)9901 | -€381,877 | -€227,509 | ▲ 40.4% |
| Financial income75/76B | €5 | €6.2m | ▲ 116,123,493% |
| Recurring financial income75 | €5 | €2.0m | ▲ 37,583,270% |
| Non-recurring financial income76B | - | €4.2m | - |
| Financial charges65/66B | €6.8m | €2.3m | ▼ 65.9% |
| Recurring financial charges65 | €955,192 | €2.3m | ▲ 142% |
| Non-recurring financial charges66B | €5.8m | - | - |
| Profit (loss) for the period before taxes9903 | -€7.2m | €3.7m | ▲ 152% |
| Income taxes67/77 | €2 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€7.2m | €3.7m | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | -€7.2m | €3.7m | ▲ 152% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €85.5m | €216.1m | ▲ 153% |
| Fixed assets21/28 | €85.4m | €216.0m | ▲ 153% |
| Financial fixed assets28 | €85.4m | €216.0m | ▲ 153% |
| Current assets29/58 | €14,844 | €79,320 | ▲ 434% |
| Amounts receivable within one year40/41 | - | €4,871 | - |
| Other amounts receivable41 | - | €4,871 | - |
| Current investments50/53 | - | €39 | - |
| Cash at bank and in hand54/58 | €14,844 | €74,410 | ▲ 401% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €85.5m | €216.1m | ▲ 153% |
| Equity10/15 | €38.6m | €110.1m | ▲ 185% |
| Contributions10/11 | €45.7m | €113.5m | ▲ 148% |
| Profit (loss) carried forward14 | -€7.2m | -€3.4m | ▲ 51.9% |
| Amounts payable17/49 | €46.9m | €106.0m | ▲ 126% |
| Amounts payable after more than one year17 | €28.5m | €88.6m | ▲ 211% |
| Financial debts170/4 | €28.5m | €88.6m | ▲ 211% |
| Amounts payable within one year42/48 | €17.8m | €16.9m | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €2.5m | €2.5m | = |
| Financial debts43 | €15.0m | €14.4m | ▼ 4.0% |
| Credit institutions430/8 | €15.0m | €14.4m | ▼ 4.0% |
| Trade debts44 | €18,220 | €6,050 | ▼ 66.8% |
| Suppliers440/4 | €18,220 | €6,050 | ▼ 66.8% |
| Other amounts payable47/48 | €326,175 | - | - |
| Accrued charges and deferred income492/3 | €531,036 | €512,610 | ▼ 3.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7.2m | €3.7m | ▲ 152% |
| Operating cash flow (approximation) | -€7.2m | €3.7m | ▲ 152% |
| Investment in fixed assets (approximation) | - | -€130.6m | - |
| Change in cash | - | €59,567 | - |
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
08-09
State Gazette act
Resignation: Marc Vercruysse (director)Permanent representative: Cedric Dierckx · Appointment: Sagmarius BV (director) · Power of attorney5 facts ▸
State Gazette act
Resignation: Marc Vercruysse (director)
Permanent representative: Cedric Dierckx · Appointment: Sagmarius BV (director) · Power of attorney5 facts ▸
- Director resignation, Marc Vercruysse (director)
- Permanent representative, Cedric Dierckx (permanent representative)
- Power of attorney, Bruno Laforce
- Power of attorney, Ece Kose
- Director appointment, Sagmarius BV (director)
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €3.7m
Net result €3.7m after one loss-making year.
31-12
Financial
Equity above €100mEq €110.1m ▲185%
Equity rises from €38.6m to €110.1m.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
Sagmarius
CurrentDirector · since 20-05-2026 · Private limited company · perm. rep.: Cedric Dierckx
Permanent representatives 1
Cedric Dierckx
CurrentPermanent representative · since 20-05-2026 · for Sagmarius
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2024
Ground area
2,696 m²
Building footprint
1,209 m²
Volume, LiDAR
15,115 m³
Parcel 11810K0009/00S006, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
Infravest
since 20242.362.404.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0009/00S006 | Flanders | 2,696 m² | 1 · 1,209 m² | 21.2 m · 6 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sagmarius |
|
| Marc Vercruysse |
|
Structure & network
Owners and holdings
3 owners · 3 holdingsOwners 3
-
40.79%
- Sourceown accounts 202540.79%
-
18.42%
Holdings 3
-
50%
-
50%
-
25.25%
According to the 2025 annual accounts of Infravest 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
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
699400BZSRDMMIDP6V04
Identification & contact
Identification
Legal formPrivate limited company
Founded15-07-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:1011576376
Registered
20-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.