INFINITY SYSTEM
Open bankruptcyA bankruptcy procedure is open for INFINITY SYSTEM according to publications in the Belgian State Gazette; curator: JULIEN STOCKMAN.
Summary
The 2024 annual accounts show negative equity (€-505k) and a net result of €-150k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-505k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
24 d late
2020
24 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2019 · €14k
2018: €1k
2019: €14k
2018 → 2024
EBIT margin
-851.6%▲ 24136.9pp
2018 · -24988.5%
2018: -24988.5%
2018 → 2019
Net result
€-150k▼ 3,315%
2023 · €-4k
2018: €-330k
2019: €-126k
2020: €-158k
2021: €112k
2022: €-48k
2023: €-4k
2018 → 2024
Working capital
€-505k▼ 42.5%
2023 · €-354k
2018: €-130k
2019: €-256k
2020: €-417k
2021: €-304k
2022: €-350k
2023: €-354k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€-415k-€-302k▲ 27.1%€-350k▼ 15.7%€-354k▼ 1.3%€-505k▼ 42.5%
Operating result€-150k-€113k€-44k€-7k▲ 84.8%€-153k▼ 2,183%
Net result€-158k-€112k€-48k€-4k▲ 90.7%€-150k▼ 3,315%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €153k in 2024 against €7k in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
Solvency
-355.9%▼
2023 · -251.5%
Current ratio
0.22▼
2023 · 0.28
Debt to equity
-1.28▲
2023 · -1.40
ROA
-106.1%▼
2023 · -3.1%
Debt
€647k▲
2023 · €495k
Debt ≤ 1 year
€647k▲
2023 · €495k
Staff costs
€0
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€141k€142k▲
Fixed assets21/28-€0
Intangible fixed assets21-€0
Tangible fixed assets22/27-€0
Furniture and vehicles24-€0
Current assets29/58€141k€142k▲
Amounts receivable within one year40/41€140k€142k▲
Trade receivables40€675€309▼
Other amounts receivable41€140k€141k▲
Cash at bank and in hand54/58€296€127▼
Deferred charges and accrued income490/1€185€0▼
Equity and liabilities
Total equity and liabilities10/49€141k€142k▲
Equity10/15€-354k€-505k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Profit (loss) carried forward14€-554k€-705k▼
Amounts payable17/49€495k€647k▲
Amounts payable within one year42/48€495k€647k▲
Trade debts44€2k€146k▲
Suppliers440/4€2k€146k▲
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Remuneration and social security454/9-€0
Other amounts payable47/48€494k€501k▲
Accrued charges and deferred income492/3€36€38▲
Income statement
Code20232024
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€152k
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85-
Other operating charges640/8€604€607▲
Gross operating margin9900€-6k€-152k▼
Operating profit (loss)9901€-7k€-153k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€492€652▲
Recurring financial charges65€492€652▲
Profit (loss) for the period before taxes9903€-4k€-150k▼
Profit (loss) for the period9904€-4k€-150k▼
Profit (loss) for the period to be appropriated9905€-4k€-150k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-554k€-705k▼
Profit (loss) brought forward from the previous period14P€-550k€-554k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · INFINITY SYSTEM SA RUE NATALIS 2, 4020 LIEGE 2 · event 17-11-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial
Back to profitnet €112k
Net result €112k after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
SignalFinancial 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, Liège · 1 establishment unit since 2017
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.
Rue Natalis 24020 LiègeGround area
5,447 m²
Building footprint
1,275 m²
Volume, LiDAR
27,669 m³
Parcel 62817B0482/00Z003, Wallonia · tallest building 29.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Rue Natalis 2, 4020 Liège
since 20172.271.172.549
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0482/00Z003 | Wallonia | 5,447 m² | 1 · 1,275 m² | 29.4 m · 7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JULIEN STOCKMAN RUE DES CHAMPS, 58,
4020 LIEGE 2 |
17-11-2025 → present |
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Seraing
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 563 companies in sector 35150 we hold annual accounts for 230. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.