INFARAMA
ActiveSummary
INFARAMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450k and a net result of €704k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 35% of 213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency53▼-4
Growth68=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.33 in 2024; short-term debt: 69.5% and cash: 47.5% of total assets), and 72.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.6%
Return on assets
43.2%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
83 d early
2023
26 d early
2022
6 d early
2021
41 d early
2020
38 d early
2019
16 d early
← 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, abbreviated schema
Equity
€450k=
2024 · €450k
2018: €450khighest in 8 years
2019: €450k● 0.0% vs 2018highest in 8 years
2020: €450k● 0.0% vs 2019highest in 8 years
2021: €450k● 0.0% vs 2020highest in 8 years
2022: €450k● 0.0% vs 2021highest in 8 years
2023: €450k● 0.0% vs 2022highest in 8 years
2024: €450k● 0.0% vs 2023highest in 8 years
2025: €450k● 0.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.63M▲ 14.8%
2024 · €1.42M
2018: €1.17Mlowest in 8 years
2019: €1.33M▲ +13.5% vs 2018
2020: €1.26M▼ -5.2% vs 2019
2021: €1.40M▲ +10.7% vs 2020
2022: €1.23M▼ -12.0% vs 2021
2023: €1.51M▲ +22.6% vs 2022
2024: €1.42M▼ -5.9% vs 2023
2025: €1.63M▲ +14.8% vs 2024highest in 8 years
2018 → 2025
Net result
€704k▲ 17.5%
2024 · €599k
2018: €234klowest in 8 years
2019: €457k▲ +95.2% vs 2018
2020: €561k▲ +22.7% vs 2019
2021: €626k▲ +11.6% vs 2020
2022: €514k▼ -17.9% vs 2021
2023: €624k▲ +21.3% vs 2022
2024: €599k▼ -3.9% vs 2023
2025: €704k▲ +17.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€266k▼ 11.4%
2024 · €300k
2018: €461khighest in 8 years
2019: €390k▼ -15.5% vs 2018
2020: €342k▼ -12.3% vs 2019
2021: €291k▼ -14.8% vs 2020
2022: €323k▲ +11.0% vs 2021
2023: €266k▼ -17.7% vs 2022lowest in 8 years
2024: €300k▲ +12.9% vs 2023
2025: €266k▼ -11.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€450k-€450k=€450k=€450k=€450k=
2021: €450khighest in 5 years
2022: €450k● 0.0% vs 2021highest in 5 years
2023: €450k● 0.0% vs 2022highest in 5 years
2024: €450k● 0.0% vs 2023highest in 5 years
2025: €450k● 0.0% vs 2024highest in 5 years
Operating result€836k-€693k▼ 17.1%€840k▲ 21.2%€808k▼ 3.8%€947k▲ 17.1%
2021: €836k
2022: €693k▼ -17.1% vs 2021lowest in 5 years
2023: €840k▲ +21.2% vs 2022
2024: €808k▼ -3.8% vs 2023
2025: €947k▲ +17.1% vs 2024highest in 5 years
Net result€626k-€514k▼ 17.9%€624k▲ 21.3%€599k▼ 3.9%€704k▲ 17.5%
2021: €626k
2022: €514k▼ -17.9% vs 2021lowest in 5 years
2023: €624k▲ +21.3% vs 2022
2024: €599k▼ -3.9% vs 2023
2025: €704k▲ +17.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.63M
Fixed assets
€231k ▲ 8.5%
Current assets
€1.40M ▲ 15.9%
Equity and liabilities €1.63M
Equity
€450k =
Debt
€1.18M ▲ 21.7%
Debt's share of the balance-sheet total rises from 68.3% to 72.4%. Debt is higher.
Key figures and ratios
EBITDA
€1.02M▲
2024 · €873k
Cash flow
€776k▲
2024 · €664k
Current ratio
1.24▼
2024 · 1.33
Debt to equity
2.62▲
2024 · 2.15
ROE
156.4%▲
2024 · 133.1%
ROA
43.2%▲
2024 · 42.3%
Interest coverage
751.00▲
2024 · 292.51
Debt ≤ 1 year
€1.13M▲
2024 · €905k
Debt > 1 year
€0▼
2024 · €12k
Income taxes
€243k▲
2024 · €207k
Staff costs
€1.13M▲
2024 · €945k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€1.63M▲
Fixed assets21/28€213k€231k▲
Tangible fixed assets22/27€169k€187k▲
Plant, machinery and equipment23€10k€18k▲
Furniture and vehicles24€38k€47k▲
Other tangible fixed assets26€121k€122k▲
Financial fixed assets28€44k€44k=
Current assets29/58€1.21M€1.40M▲
Amounts receivable within one year40/41€527k€612k▲
Trade receivables40€527k€612k▲
Other amounts receivable41€0€228▲
Cash at bank and in hand54/58€675k€774k▲
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.63M▲
Equity10/15€450k€450k=
Contributions10/11€6k€6k=
Reserves13€444k€444k=
Distributable reserves133€444k€444k=
Profit (loss) carried forward14€359€359=
Amounts payable17/49€968k€1.18M▲
Amounts payable after more than one year17€12k€0▼
Financial debts170/4€12k€0▼
Amounts payable within one year42/48€905k€1.13M▲
Current portion of amounts payable after more than one year42€16k€12k▼
Trade debts44€84k€167k▲
Suppliers440/4€84k€167k▲
Taxes, remuneration and social security45€206k€248k▲
Taxes450/3€74k€101k▲
Remuneration and social security454/9€132k€147k▲
Other amounts payable47/48€599k€704k▲
Accrued charges and deferred income492/3€51k€47k▼
Income statement
Code20242025
Remuneration, social security and pensions62€945k€1.13M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€72k▲
Other operating charges640/8€9k€2k▼
Gross operating margin9900€1.83M€2.15M▲
Operating profit (loss)9901€808k€947k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€807k€947k▲
Income taxes67/77€207k€243k▲
Profit (loss) for the period9904€599k€704k▲
Profit (loss) for the period to be appropriated9905€599k€704k▲
Appropriation of the result
Profit (loss) to be appropriated9906€600k€705k▲
Profit (loss) brought forward from the previous period14P€359€359=
Profit to be distributed694/7€599k€704k▲
Return on contributions (dividend)694€585k€692k▲
Employees696€14k€12k▼
Social balance
Average headcount (FTE)908712.315.3▲
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €590k | €673k | €790k | €945k | €1.13M | ▲ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68k | €82k | €60k | €65k | €72k | ▲ 11.5% |
| Other operating charges640/8 | €14k | €10k | €33k | €9k | €2k | ▼ 74.1% |
| Gross operating margin9900 | €1.51M | €1.46M | €1.72M | €1.83M | €2.15M | ▲ 17.9% |
| Operating profit (loss)9901 | €836k | €693k | €840k | €808k | €947k | ▲ 17.1% |
| Financial income75/76B | €457 | €10 | €796 | €2k | €1k | ▼ 13.6% |
| Recurring financial income75 | €457 | €10 | €796 | €2k | €1k | ▼ 13.6% |
| Financial charges65/66B | €5k | €2k | €4k | €3k | €1k | ▼ 54.5% |
| Recurring financial charges65 | €5k | €2k | €4k | €3k | €1k | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | €831k | €691k | €837k | €807k | €947k | ▲ 17.4% |
| Income taxes67/77 | €205k | €177k | €213k | €207k | €243k | ▲ 17.0% |
| Profit (loss) for the period9904 | €626k | €514k | €624k | €599k | €704k | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €626k | €514k | €624k | €599k | €704k | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.40M | €1.23M | €1.51M | €1.42M | €1.63M | ▲ 14.8% |
| Fixed assets21/28 | €222k | €179k | €262k | €213k | €231k | ▲ 8.5% |
| Tangible fixed assets22/27 | €178k | €135k | €218k | €169k | €187k | ▲ 10.8% |
| Plant, machinery and equipment23 | €13k | €11k | €9k | €10k | €18k | ▲ 79.3% |
| Furniture and vehicles24 | €64k | €24k | €49k | €38k | €47k | ▲ 24.9% |
| Other tangible fixed assets26 | €102k | €100k | €159k | €121k | €122k | ▲ 0.6% |
| Financial fixed assets28 | €44k | €44k | €44k | €44k | €44k | = |
| Current assets29/58 | €1.17M | €1.05M | €1.24M | €1.21M | €1.40M | ▲ 15.9% |
| Amounts receivable within one year40/41 | €553k | €556k | €564k | €527k | €612k | ▲ 16.3% |
| Trade receivables40 | €553k | €534k | €561k | €527k | €612k | ▲ 16.2% |
| Other amounts receivable41 | - | €23k | €3k | €0 | €228 | - |
| Cash at bank and in hand54/58 | €617k | €493k | €678k | €675k | €774k | ▲ 14.6% |
| Deferred charges and accrued income490/1 | €4k | €0 | €2k | €4k | €12k | ▲ 197% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.40M | €1.23M | €1.51M | €1.42M | €1.63M | ▲ 14.8% |
| Equity10/15 | €450k | €450k | €450k | €450k | €450k | = |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €444k | €444k | €444k | €444k | €444k | = |
| Non-distributable reserves130/1 | €21k | €21k | €0 | - | - | - |
| Reserves not available under the articles1311 | €21k | €21k | €0 | - | - | - |
| Distributable reserves133 | €423k | €423k | €444k | €444k | €444k | = |
| Profit (loss) carried forward14 | €359 | €359 | €359 | €359 | €359 | = |
| Amounts payable17/49 | €946k | €779k | €1.06M | €968k | €1.18M | ▲ 21.7% |
| Amounts payable after more than one year17 | €63k | €44k | €28k | €12k | €0 | ▼ 100% |
| Financial debts170/4 | €63k | €44k | €28k | €12k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €884k | €727k | €979k | €905k | €1.13M | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | €46k | €18k | €77k | €16k | €12k | ▼ 24.5% |
| Trade debts44 | €60k | €82k | €87k | €84k | €167k | ▲ 99.9% |
| Suppliers440/4 | €60k | €82k | €87k | €84k | €167k | ▲ 99.9% |
| Taxes, remuneration and social security45 | €151k | €112k | €191k | €206k | €248k | ▲ 20.5% |
| Taxes450/3 | €68k | €39k | €68k | €74k | €101k | ▲ 36.2% |
| Remuneration and social security454/9 | €83k | €73k | €124k | €132k | €147k | ▲ 11.7% |
| Other amounts payable47/48 | €626k | €514k | €624k | €599k | €704k | ▲ 17.5% |
| Accrued charges and deferred income492/3 | - | €7k | €49k | €51k | €47k | ▼ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €626k | €514k | €624k | €599k | €704k | ▲ 17.5% |
| + Depreciation and write-downs630 | €68k | €82k | €60k | €65k | €72k | ▲ 11.5% |
| Operating cash flow (approximation) | €694k | €596k | €683k | €664k | €776k | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | €-39k | €-142k | €-16k | €-90k | ▼ 473% |
| Change in cash | - | €-124k | €185k | €-4k | €99k | ▲ 2,903% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €704k ▲17.5%
Operating result €947k, net result €704k, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Grimbergen · 4 establishment units since 2008
Ground area
1.5 ha
Building footprint
4,615 m²
Volume, LiDAR
60,486 m³
4 parcels, Flanders · tallest building 30.4 m, ±4 floors. Linked by address, not a title deed.
27
companies at this address
See who is registered here
4 establishment units
Infarama
since 20082.173.731.101
INFARAMA
since 20132.216.458.809
INFARAMA
since 20182.273.372.172
INFARAMA
since 20212.316.036.732
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0271/00A005 | Flanders | 9,119 m² | 1 · 1,742 m² | 16.6 m · 4 fl. |
| 35013A0014/00C000 | Flanders | 4,576 m² | 1 · 2,487 m² | 30.4 m · 3 fl. |
| 24662H0630/00F002 | Flanders | 528 m² | 1 · 281 m² | 12.4 m · 3 fl. |
| 23402E0398/00D002 | Flanders | 365 m² | 1 · 104 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,695 EUR awarded · 4,377 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,258 EUR | 1,706 EUR |
| 2024 | 1 | 1,172 EUR | 2,165 EUR |
| 2023 | 1 | 1,939 EUR | 180 EUR |
| 2022 | 1 | 326 EUR | 326 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,177 companies in sector 72109 we hold annual accounts for 716. 489 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
Founded26-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
74999Other professional, scientific and technical activities
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
73200Market research and public opinion polling
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.