Infra-Struct
ActiveSummary
Infra-Struct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €263k and a net result of €93k. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+49
Solvency88▼-12
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 8.47 in 2023; short-term debt: 37.3% and cash: 38.1% of total assets), and 37.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
16 d early
2022
19 d early
2021
20 d early
2020
23 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€688k▲ 229%
2021 · €209k
2018: €154klowest in 5 years
2019: €549k▲ +256% vs 2018
2020: €192k▼ -65.0% vs 2019
2021: €209k▲ +8.9% vs 2020
2022: €688k▲ +229% vs 2021highest in 5 years
2018 → 2022
EBIT margin
8.9%▲ 20.2pp
2021 · -11.3%
2018: -30.6%lowest in 5 years
2019: -4.3%▲ +86.0% vs 2018
2020: 22.2%▲ +617% vs 2019highest in 5 years
2021: -11.3%▼ -151% vs 2020
2022: 8.9%▲ +179% vs 2021
2018 → 2022
Net result
€93k▲ 1,791%
2023 · €5k
2018: €-52klowest in 7 years
2019: €-34k▲ +35.3% vs 2018
2020: €31k▲ +193% vs 2019
2021: €-33k▼ -205% vs 2020
2022: €52k▲ +258% vs 2021
2023: €5k▼ -90.6% vs 2022
2024: €93k▲ +1791% vs 2023highest in 7 years
2018 → 2024
Working capital
€263k▲ 54.9%
2023 · €170k
2018: €48klowest in 7 years
2019: €89k▲ +85.1% vs 2018
2020: €145k▲ +63.1% vs 2019
2021: €112k▼ -22.7% vs 2020
2022: €165k▲ +46.4% vs 2021
2023: €170k▲ +3.0% vs 2022
2024: €263k▲ +54.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€192k-€209k▲ 8.9%€688k▲ 229%
2020: €192klowest in 3 years
2021: €209k▲ +8.9% vs 2020
2022: €688k▲ +229% vs 2021highest in 3 years
Equity€145k-€112k▼ 22.7%€165k▲ 46.4%€170k▲ 3.0%€263k▲ 54.9%
2020: €145k
2021: €112k▼ -22.7% vs 2020lowest in 5 years
2022: €165k▲ +46.4% vs 2021
2023: €170k▲ +3.0% vs 2022
2024: €263k▲ +54.9% vs 2023highest in 5 years
Operating result€43k-€-24k€61k€9k▼ 85.1%€97k▲ 964%
2020: €43k
2021: €-24k▼ -155% vs 2020lowest in 5 years
2022: €61k▲ +359% vs 2021
2023: €9k▼ -85.1% vs 2022
2024: €97k▲ +964% vs 2023highest in 5 years
Net result€31k-€-33k€52k€5k▼ 90.6%€93k▲ 1,791%
2020: €31k
2021: €-33k▼ -205% vs 2020lowest in 5 years
2022: €52k▲ +258% vs 2021
2023: €5k▼ -90.6% vs 2022
2024: €93k▲ +1791% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 964% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €419k
Equity
€263k ▲ 54.9%
Debt
€156k ▲ 587%
Debt's share of the balance-sheet total rises from 11.8% to 37.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.68▼
2023 · 8.47
Quick ratio
2.54▼
2023 · 8.02
Debt to equity
0.59▲
2023 · 0.13
ROE
35.4%▲
2023 · 2.9%
ROA
22.2%▲
2023 · 2.6%
Debt ≤ 1 year
€156k▲
2023 · €23k
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 · 27 lines
Balance sheet
Code20232024
Assets
Total assets20/58€192k€419k▲
Current assets29/58€192k€419k▲
Stocks and contracts in progress3€10k€22k▲
Stocks30/36€10k€22k▲
Amounts receivable within one year40/41€175k€237k▲
Other amounts receivable41€175k€237k▲
Cash at bank and in hand54/58€7k€159k▲
Equity and liabilities
Total equity and liabilities10/49€192k€419k▲
Equity10/15€170k€263k▲
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-30k€63k▲
Amounts payable17/49€23k€156k▲
Amounts payable within one year42/48€23k€156k▲
Trade debts44€23k€156k▲
Suppliers440/4€23k€156k▲
Income statement
Code20232024
Other operating charges640/8€575€665▲
Gross operating margin9900€10k€98k▲
Operating profit (loss)9901€9k€97k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€5k€93k▲
Profit (loss) for the period9904€5k€93k▲
Profit (loss) for the period to be appropriated9905€5k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€63k▲
Profit (loss) brought forward from the previous period14P€-35k€-30k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €192k | €209k | €688k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €232k | €626k | - | - | - |
| Other operating charges640/8 | - | €379 | €492 | €575 | €665 | ▲ 15.8% |
| Gross operating margin9900 | €43k | €-23k | €62k | €10k | €98k | ▲ 908% |
| Operating profit (loss)9901 | €43k | €-24k | €61k | €9k | €97k | ▲ 964% |
| Financial income75/76B | - | €95 | - | €1 | €0 | ▼ 97.9% |
| Recurring financial income75 | - | €95 | - | €1 | €0 | ▼ 97.9% |
| Financial charges65/66B | - | €9k | €9k | €4k | €4k | ▼ 8.0% |
| Recurring financial charges65 | €11k | €9k | €9k | €4k | €4k | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €32k | €-33k | €52k | €5k | €93k | ▲ 1,791% |
| Income taxes67/77 | €308 | €340 | €190 | - | - | - |
| Profit (loss) for the period9904 | €31k | €-33k | €52k | €5k | €93k | ▲ 1,791% |
| Profit (loss) for the period to be appropriated9905 | €31k | €-33k | €52k | €5k | €93k | ▲ 1,791% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452k | €342k | €203k | €192k | €419k | ▲ 118% |
| Current assets29/58 | €452k | €342k | €203k | €192k | €419k | ▲ 118% |
| Stocks and contracts in progress3 | €343k | €297k | €103k | €10k | €22k | ▲ 121% |
| Stocks30/36 | - | €297k | €103k | €10k | €22k | ▲ 121% |
| Amounts receivable within one year40/41 | €61k | €39k | €7k | €175k | €237k | ▲ 35.4% |
| Other amounts receivable41 | - | €39k | €7k | €175k | €237k | ▲ 35.4% |
| Cash at bank and in hand54/58 | €48k | €5k | €93k | €7k | €159k | ▲ 2,113% |
| Deferred charges and accrued income490/1 | - | €433 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452k | €342k | €203k | €192k | €419k | ▲ 118% |
| Equity10/15 | €145k | €112k | €165k | €170k | €263k | ▲ 54.9% |
| Contributions10/11 | €200k | €200k | €200k | €200k | €200k | = |
| Capital10 | - | €200k | - | - | - | - |
| Issued capital100 | - | €200k | - | - | - | - |
| Profit (loss) carried forward14 | €-55k | €-88k | €-35k | €-30k | €63k | ▲ 306% |
| Amounts payable17/49 | €307k | €229k | €38k | €23k | €156k | ▲ 587% |
| Amounts payable within one year42/48 | €307k | €229k | €38k | €23k | €156k | ▲ 587% |
| Financial debts43 | - | €70k | - | - | - | - |
| Credit institutions430/8 | - | €70k | - | - | - | - |
| Trade debts44 | €57k | €29k | €36k | €23k | €156k | ▲ 587% |
| Suppliers440/4 | - | €29k | €36k | €23k | €156k | ▲ 587% |
| Taxes, remuneration and social security45 | - | €339 | €108 | - | - | - |
| Taxes450/3 | - | €339 | €108 | - | - | - |
| Other amounts payable47/48 | - | €130k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €-33k | €52k | €5k | €93k | ▲ 1,791% |
| Operating cash flow (approximation) | €31k | €-33k | €52k | €5k | €93k | ▲ 1,791% |
| Change in cash | - | €-43k | €88k | €-86k | €152k | ▲ 277% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €93k ▲1,791%
Operating result €97k, net result €93k, both a record.
31-12
Financial
Equity above €200kEq €263k ▲54.9%
3 profitable years in a row build equity to €263k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 5.28
Current ratio from 1.49 to 5.28; short-term debt falls from €229k to €38k.
31-12
Financial
Equity above €150kEq €165k ▲46.4%
Equity rises from €112k to €165k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €145k ▲63.1%
Equity rises from €89k to €145k.
Show earlier events
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Harelbeke · 1 establishment unit since 2016
Ground area
1.8 ha
Building footprint
4,842 m²
Volume, LiDAR
3 m³
2 parcels, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Infra-Struct
since 20162.265.369.771
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B0100/00K000 | Flanders | 1.5 ha | 1 · 3,607 m² | - |
| 34323D1459/00F003 | Flanders | 3,408 m² | 1 · 1,235 m² | 0.5 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,856 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
Founded01-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.