ACTIVE

I4B - THE BELGIAN INFRASTRUCTURE FUND

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Financial year 2025 · Closed on 31/12/2025

Net result7,2 M €+19,0 %over 1 year
Equity141,1 M €+5,4 %over 1 year

Identity

Source · BCE/KBO

I4B - THE BELGIAN INFRASTRUCTURE FUND is a Public limited company incorporated in 2019. Its main activity is: Trusts, funds and similar financial entities. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0721.470.261
Incorporation
22/02/2019
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 166 box 25
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
135 426 000,76 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 8 filings

Trend over 3 financial years

202520242023
Income statement
Gross margin–-4,4 M €-4,5 M €
EBITDA-4,1 M €-4,6 M €-4,5 M €
Operating result-4,1 M €-4,6 M €-4,7 M €
Net result7,2 M €6 M €1,2 M €
Balance sheet
Equity141,1 M €133,9 M €108,5 M €
Total assets156,5 M €139,5 M €108,8 M €
Cash265,5 k €2,2 M €1,1 M €
Debts15,4 M €5,6 M €280,9 k €
Other
Workforce–0,0 ETP0,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Gauthier Pieffer

Director · since 03 décembre 2024 · until 07 juin 2030

Active
Celine Vaessen

Director · since 01 mars 2022 · until 02 juin 2028

Active
Joeri Van Rompuy

Director · since 01 janvier 2021 · until 05 juin 2026

Active

Ended mandates

Celine Vaessen

Director · since 01 mars 2022 · until 01 mars 2028

Ended
Dominique Ghislain

Director · since 12 mai 2021 · until 11 mai 2027

Ended
Joeri Van Rompuy

Director · since 01 janvier 2021 · until 31 décembre 2026

Ended

Other companies at this address

Chaussée de La Hulpe 166 1170 Watermael-Boitsfort
CompanyCBE no.
AdaStone● Active
0761.830.278
AD-BEL SERVICES● Active
0832.240.402
Administratiekantoor Scheldt I● Active
1010.695.656
Administratiekantoor Scheldt II● Active
1010.695.854
ADVOCATENKANTOOR GARREZ JORREN● Active
0644.464.931
ADVOCATENKANTOOR ILHAM IRGIOU● Active
0800.056.691
Afer Pierre Holding Belgium● Active
0783.501.365
AGENCE ET PROMOTION IMMOBILIERES● Active
0415.973.612
AGNES MAQUA● Active
0464.713.043
ALTIMAR● Active
0430.069.987
AMERICAN MANAGEMENT ASSOCIATION EUROPE● Active
0894.813.815
ARTER● Active
0692.924.448
Association des copropriétaires à Watermael-Boitsfort Chaussée de La Hulpe 166● Active
0824.539.194
BARESQUE EUROPE● Active
0722.856.965
BARILLA BELGIUM● Active
0470.995.079
BCH BROKERS● Active
0847.209.084
Belgian Resilience Fund● Active
0778.407.578
BLUEMIND BUSINESS INFORMATION SERVICES● Active
0820.737.685
BRF Management● Active
0778.360.167
BROEKZELE VASTGOED● Active
0641.946.691

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202616/06/202520/08/202428/05/202420/06/202203/08/2021
General meeting05/06/202606/06/202512/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202616/06/2026FrenchPDF
Abridged model31/12/202406/06/202516/06/2025FrenchPDF
Abridged model31/12/202312/06/202420/08/2024FrenchPDF
Abridged modelCorrection31/12/202202/06/202328/05/2024FrenchPDF
Abridged model31/12/202202/06/202325/07/2023FrenchPDF
Abridged model31/12/202103/06/202220/06/2022FrenchPDF
Abridged model31/12/202004/06/202103/08/2021FrenchPDF
m910-p31/12/201905/06/202025/08/2020FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Gauthier Pieffer

Director · since 03 décembre 2024 · until 07 juin 2030

Active
Celine Vaessen

Director · since 01 mars 2022 · until 02 juin 2028

Active
Joeri Van Rompuy

Director · since 01 janvier 2021 · until 05 juin 2026

Active

Ended mandates

Celine Vaessen

Director · since 01 mars 2022 · until 01 mars 2028

Ended
Dominique Ghislain

Director · since 12 mai 2021 · until 11 mai 2027

Ended
Joeri Van Rompuy

Director · since 01 janvier 2021 · until 31 décembre 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office25/10/2023
    SIEGE SOCIAL
    PDF
  • Capital / shares18/10/2023
    CAPITAL, ACTIONS
    PDF
  • Capital / shares19/06/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Capital / shares13/09/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates29/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/04/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20257,2 M €↑
  2. 06/06/2025
    reconductionBDO Reviseur d'Entreprises SRL — commissaire aux comptes
  3. 2024
    Annual accounts 20246 M €↑
  4. 03/12/2024
    nominationGauthier Pieffer — administrateur
  5. 2023
    Annual accounts 20231,2 M €
  6. 05/10/2023
    augmentation_capital
  7. 05/10/2023
    augmentation_capital
  8. 05/10/2023
    augmentation_capital
  9. 05/10/2023
    augmentation_capital
  10. 05/06/2023
    augmentation_capital
  11. 05/06/2023
    augmentation_capital
  12. 05/06/2023
    augmentation_capital
  13. 05/06/2023
    augmentation_capital
  14. 07/09/2022
    augmentation_capital
  15. 03/06/2022
    reconductionBDO Reviseur d'Entreprises SRL — commissaire aux comptes
  16. 01/03/2022
    nominationCéline Vaessen — administrateur
  17. 22/02/2019
    IncorporationPublic limited company