Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INFRA from Boortmeerbeek, company number BE0439065253, closed financial year 2025 with a result of € 261,346 after tax. For that financial year INFRA recorded revenue of € 405,753 and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 96,915 to € 261,346. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 3.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 261,346
▲ 170% vs 2024
Profit after tax over the fiscal year.
€ 260,851 paid out
100 % of the profit went to the shareholders, mostly to Brouwerij Handelsmaatschappij NV (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 814
Loans from banks and other lenders, long and short.
€ 13,789
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 47,262
▲ 14% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 459,351 | € 458,172 | € 422,880 | € 405,753 | ▼ 4% |
| Profit after taxes | € 161,568 | € 251,295 | € 96,915 | € 261,346 | ▲ 170% |
| Equity | € 3,518,740 | € 3,520,331 | € 3,520,486 | € 3,520,981 | |
| Total debts | € 182,999 | € 388,657 | € 156,552 | € 326,521 | ▲ 109% |
| Land & buildings | € 3,479,523 | € 3,394,138 | € 3,386,743 | € 3,158,474 | ▼ 7% |
| Retained profit | € 1,146,423 | € 1,148,014 | € 1,148,169 | € 1,148,664 | |
| Dividend | € 160,524 | € 249,704 | € 96,760 | € 260,851 | ▲ 170% |
| Bank debt | € 0 | € 0 | € 0 | € 814 | |
| Balance sheet total | € 3,809,358 | € 4,009,701 | € 3,770,846 | € 3,987,417 | ▲ 6% |
Key figures of INFRA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INFRA?
What happened at INFRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank Mellaerts stepped down as director. NBB
- Dirk Lambrecht stepped down as director. NBB
- Baudouin van der Kelen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 261,346 (▲ 170% vs 2024). Source: NBB ↗
- Frank Mellaerts became a director. NBB
- Dirk Lambrecht became a director. NBB
- Baudouin van der Kelen became a director. NBB
- New establishment in Boortmeerbeek. KBO
In short
From € 161,568 profit in 2022 to € 261,346 profit in 2025.
Paid € 268,432 in corporate taxes since 2022.
Best year ever: 2025, with € 261,346 profit.
Paid out € 767,839 in dividends to the owners in total.
Management
The shares are held by Brouwerij Handelsmaatschappij NV (99.8%) and Atlas - Maatschappij voor leningen en voorschotten NV (0.2%).
Directors
According to the 2025 annual accounts
Baudouin van der Kelen
Director
Also active at: ATLAS - Maatschappij voor LENINGEN EN VOORSCHOTTEN, FINABRA, BROUWERIJ-HANDELSMAATSCHAPPIJ, CODRICO, Lelle, GIRONDINE, FREMA, BELGIAN BREWERS - BELGISCHE BROUWERS - BRASSEURS BELGES +3 more
since 2022 · until 2028
since 2025 · until 2029
Dirk Lambrecht
Director
Also active at: ATLAS - Maatschappij voor LENINGEN EN VOORSCHOTTEN, CODRICO, SIAT, FIMAVE, DIRK LAMBRECHT
since 2025 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Provinciesteenweg 28
3190 Boortmeerbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →ATLAS - Maatschappij voor LENINGEN EN VOORSCHOTTEN same network
€ 494,315 revenue · 2025
BROUWERIJ-HANDELSMAATSCHAPPIJ same network
€ 7 million revenue · 2025
BROUWERIJ HAACHT
€ 98.1 million revenue · 2025
CODRICO same network
€ 3,261 revenue · 2024
ANNE MERKPOEL same network
€ 55,313 gross margin · 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.065.253
- VAT number
- BE 0439.065.253
- Registered office
- Provinciesteenweg 28, 3190 Boortmeerbeek
- Names & denominations
- INFRA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1989
- Peppol
- Active · Active since 13 Oct 2025