Equity
€257,569 from €2.1m in 2021
Equity fell by 88% in 5 years.
Infinigate Belgium
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €3.6m (2026)
€3.6m▲ 13.0%
lowest -€977,462 (2024)
€508,403▲ €825,385
peak €2.1m (2021)
€257,569▲ €508,403
€12.7m▲ 12.7%
peak 31.2 FTE (2026)
31.2 FTE▲ 1.3%
Board10 names since 2017
3 directorsThomas Hagelid and 2 others
Documentsfilings and deeds
23-10-20268 days before the deadline
2026abbreviated format
Gross margin from €3.2m to €3.6mBack to profit: €508,403Resignation: Maarten Bovée (director) 16-02Equity from -€250,834 to €257,569Cash from €1.2m to €4.2m
Key points
from the 2026 annual accountsResult
€508,403 €508,403
Back in profit in 2026, after a loss of €316,983 in 2025.
Debts
€12.7m 98% of the balance sheet
Suppliers 70%Taxes and wages 10%Other 20%
Of this, €11.7m falls due within a year.
Staff
30 employees on 31-03-2026
In 2026, 7 people joined and 8 left.
Filings
31 annual accounts since 1995
Five of the last ten came late. The 2019 accounts came latest: 50 days after the end of the period.
Position in the sector
2.0%
Lower solvency than 89% of companies in wholesale trade. Sector median 42.5% · 480 companies.
Checked score
88
Excellent
Financially stronger than 41% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▼ -0.1 percentage points vs 07-2025
09-2025: 1.7%▲ +0.1 percentage points vs 08-2025
10-2025: 1.8%▲ +0.1 percentage points vs 09-2025
11-2025: 2.0%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 1.2%▼ -0.8 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▼ -0.4 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.6 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €257,569 (2.0% of total assets)
lowers risk
Liquidity: current ratio 1.05, cash €4.2m
Founded in 1994
Size: 31.2 FTE, total assets €12.9m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 6% of them on solvency, 46% on liquidity, 15% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as Infinigate Belgium has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Infinigate Belgium itself is lower: 0.2% within 12 months. It rests on far more data about Infinigate Belgium than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for Infinigate Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (1.03 in 2025), below the usual 1.5. Short-term debt is 90.2% and cash 32.6% of total assets. 98% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 480 sector peers (2026).
NBB · sector comparisonPosition among 480 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-10-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
8 days early
2025
1 day early
2024
111 days early
2023
43 days late
2022
25 days early
2021
2 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 23 October (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
CN
Collenburg Nicolas
Director, since 14-06-2024
Shares in 1 company, Data Communication Business bv
Board & ownershipRecent changes
Resignation: Maarten Bovée (director)
Appointment: Peter Beurghs (director) · General meeting of 26-01-2026 · Gazette deed
Merger: Infinigate Belgium takes over DELTA LINK
General meeting of 27-08-2024 · Gazette deed
Resignation: Julian Hodge (director)
Appointment: Nicholas Collenburg (director) · General meeting of 14-06-2024 · Gazette deed
Merger proposal: Infinigate Belgium takes over Delta Link
The company holds all the shares of Delta Link · Board meeting of 11-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Infinigate Belgium Mechelen | €12.9m | €3.6m | 2.0% | 31.2 |
| MITEL BELGIUM Mechelen | €8.6m | €5.8m | 57.3% | 23.5 |
| MARKEM-IMAJE N.V. Schoten | €5.2m | €4.2m | 52.2% | 27.8 |
| AURELIUM Kontich | €5.6m | €3.9m | 32.8% | 39.6 |
| AKXIO DIGITAL Namur | €7.4m | €3.2m | 17.5% | 27.4 |
| XPOWER Merelbeke-Melle | €7.9m | €5.9m | 58.8% | 44.8 |
| LEBON IT SERVICES Roeselare | €6.7m | €5.2m | 53.9% | 41.1 |
These companies have the same main activity as Infinigate Belgium: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €5.2m and €8.6m, founded between 1987 and 2003.
Official details
Source: KBO- Status
- Active since 13-06-1994Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Wholesale of information and communication equipmentNACE 46500and 6 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2026
- Establishment unit
- 2.067.306.1641930 Zaventem, since 27-06-1994
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- ≈ €15.0mestimated
- €12.9m▲ 17.6%
- Employeeson 31-03-2026
- 30▼ 9.1%
- Filing
- Filed on 23-10-2026, 8 days before the end of the filing period
Insights on Infinigate Belgium
Infinigate Belgium files the abbreviated format. That format states no turnover. The gross margin rose from €932,618 in 2006 to €3.6m in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Infinigate Belgium
- What is the company number of Infinigate Belgium?
- The company number of Infinigate Belgium is 0452.826.187. The VAT number is the same number with BE in front: BE 0452.826.187.
- Where is Infinigate Belgium based?
- The registered office is at Blarenberglaan 3, 2800 Mechelen.Company details
- What does Infinigate Belgium do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of Infinigate Belgium?
- Infinigate Belgium is a private limited company (BV).
- When was Infinigate Belgium founded?
- Infinigate Belgium was founded on 13-06-1994.
- Is Infinigate Belgium still active?
- Yes, Infinigate Belgium is an active enterprise in the KBO register.
- How many employees does Infinigate Belgium have?
- Infinigate Belgium had an average of 31.2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Infinigate Belgium fall under?
- In its 31-03-2026 annual accounts, Infinigate Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Infinigate Belgium?
- The turnover in financial year 2026 is ≈ €15.0m. This figure is estimated from the gross margin of €3.6m and 98 comparable companies (NACE 46). It probably lies between €9.0m and €25.0m.
- Is Infinigate Belgium profitable?
- In financial year 2026, Infinigate Belgium made a profit of €508,403.
- Where can I find the annual accounts of Infinigate Belgium?
- Infinigate Belgium filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Infinigate Belgium due?
- Infinigate Belgium must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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