Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
I4B - THE BELGIAN INFRASTRUCTURE FUND from Watermaal-Bosvoorde, company number BE0721470261, closed financial year 2025 with a result of € 7.2 million after tax. Compared with financial year 2024, the result moved from € 6 million to € 7.2 million. 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 June 16, 2026.
€ 141.1 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.2 million
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 265,471
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.6 million.
Debts at end 2025
€ 15 million
▲ 200% vs 2024
Loans from banks and other lenders, long and short.
€ 71,494
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 6 days on average.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -4,533,894 | € -4,408,086 | - | |
| Profit after taxes | € 1,173,816 | € 6,042,451 | € 7,189,301 | ▲ 19% |
| Equity | € 108,543,682 | € 133,877,992 | € 141,067,293 | ▲ 5% |
| Total debts | € 280,938 | € 5,634,314 | € 15,409,815 | ▲ 173% |
| Cash | € 1,126,012 | € 2,244,135 | € 265,471 | ▼ 88% |
| Retained profit | € -7,590,460 | € -1,548,009 | € 5,641,293 | ▲ € 7.2 million |
| Bank debt | € 0 | € 5,000,000 | € 15,000,000 | ▲ 200% |
| Balance sheet total | € 108,824,620 | € 139,512,306 | € 156,477,109 | ▲ 12% |
Key figures of I4B - THE BELGIAN INFRASTRUCTURE FUND, fiscal years 2023 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 I4B - THE BELGIAN INFRASTRUCTURE FUND?
What happened at I4B - THE BELGIAN INFRASTRUCTURE FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gauthier Pieffer stepped down as director. NBB
- Celine Vaessen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.2 million (▲ 19% vs 2024). Source: NBB ↗
- Joeri Van Rompuy stepped down as director. NBB
- Gauthier Pieffer became a director. NBB
- Celine Vaessen became a director. NBB
- Joeri Van Rompuy became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 1.2 million profit in 2023 to € 7.2 million profit in 2025.
Paid € 2 million in corporate taxes since 2023.
Best year ever: 2025, with € 7.2 million profit.
Pays suppliers within 6 days on average.
A new publication or filing at I4B - THE BELGIAN INFRASTRUCTURE FUND? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Société belge des Combustibles nucléaires Synatom comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
I4B - THE BELGIAN INFRASTRUCTURE FUNDThe shares are held by SFPI (Société Fédérale de Participations et d'Investissements (37%), AG INSURANCE (37%), NUCLEAR INVESTMENT FUND S.A. SICAV-SIF (18.5%), ETHIAS S.A (4.1%), ETHIAS CO SRL (1.7%) and HYDRALIS OFP (1.7%). It owns 100% of BESS Navagne, 100% of I4B PPP Holdco, 100% of BELFUTURE SRL, 90% of SOLVLA, 90% of SOL-OFF and 50% of PERPETUM INFRA 4BE itself.
Directors
According to the 2025 annual accounts
Gauthier Pieffer
Director
since 2024 · until 2030
Joeri Van Rompuy
Director
since 2021 · until 2026
since 2022 · until 2028
Shareholders
37%
NUCLEAR INVESTMENT FUND S.A. SICAV-SIF
18.5%
4.1%
1.7%
1.7%
AIM LUXEMBOURG PARTNERS
0%
Nadezhda Georgieva POPOVA (de CONINCK)
0%
André Fernaud Maurice Autrand
0%
Participations
100%
100%
100%
90%
SOL-OFF
90%
34.3%
21%
10%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 166 box 25
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
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€ 28,264 gross margin · 2025
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0721.470.261
- VAT number
- BE 0721.470.261
- Registered office
- Terhulpsesteenweg 166 bus 25, 1170 Watermaal-Bosvoorde
- Names & denominations
- I4B - THE BELGIAN INFRASTRUCTURE FUND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2019
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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