Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Infravest from Antwerpen, company number BE1011576376, closed financial year 2025 with a result of € 3.7 million after tax. For that financial year Infravest recorded a gross margin of € -226,989 and equity of € 110.1 million. Compared with financial year 2024, the result moved from € -7.2 million to € 3.7 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 8, 2026.
€ 110.1 million
▲ 185% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.7 million
▲ still € 7.2 million loss in 2024
Profit after tax over the fiscal year.
€ 74,410
▲ € 59,567 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 € -3.4 million.
Debts at end 2025
€ 105.5 million
▲ 129% vs 2024
€ 2.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 36 years.
€ 6,050
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -381,489 | € -226,989 | ▲ € 154,500 |
| Profit after taxes | € -7,152,267 | € 3,709,356 | ▲ € 10.9 million |
| Equity | € 38,584,129 | € 110,073,385 | ▲ 185% |
| Total debts | € 46,875,430 | € 106,001,240 | ▲ 126% |
| Cash | € 14,844 | € 74,410 | ▲ € 59,567 |
| Retained profit | € -7,152,267 | € -3,442,911 | ▲ € 3.7 million |
| Bank debt | € 46,000,000 | € 105,482,580 | ▲ 129% |
| Balance sheet total | € 85,459,560 | € 216,074,625 | ▲ 153% |
Key figures of Infravest, fiscal years 2024 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 Infravest?
What happened at Infravest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.7 million. Source: NBB ↗
- GINKGO ASSOCIATES became a director. NBB
- Gery Milants became a director. NBB
- NDB.FINANCE became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Marc Vercruysse became a director. NBB
- Kristof Vande Capelle became a director. NBB
In short
From € 7.2 million loss in 2024 to € 3.7 million profit in 2025.
Paid € 2 in corporate taxes since 2024.
Best year ever: 2025, with € 3.7 million profit.
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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
Behind Infravest are Marc Vercruysse, Kristof Vande Capelle, GINKGO ASSOCIATES, Gery Milants and NDB.FINANCE. The shares are held by WorxInvest (40.8%), Gimv (40.8%) and Belfius Bank (18.4%). It owns 100% of TDP, 50% of Arnolfini invest and 25.3% of TINC itself.
Directors
According to the 2025 annual accounts
Marc Vercruysse
Director
since 2024
Kristof Vande Capelle
Director
since 2024
Director · represented by Filip Robert Jules DIERCKX
Also active at: Gimv, WORX FOR SOCIETY, SIAT, TINC Manager, WorxInvest Subholding, WorxInvest Holding, WorxInvest, HAZELHEARTWOOD +3 more
since 2025
Gery Milants
Director
since 2025
Director · represented by Nils De Bremaeker
Also active at: MECHELEN BUSINESS CENTER, TINC Manager, WorxEstate, TDP, Malinas Offices
since 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Karel Oomsstraat 37
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
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€ 64,813 gross margin · 2025
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+50 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
- 1011.576.376
- VAT number
- BE 1011.576.376
- Registered office
- Karel Oomsstraat 37, 2018 Antwerpen
- Names & denominations
- Infravest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2024
- Peppol
- Active · Active since 20 Apr 2026