I4F LICENSING
ActiveSummary
I4F LICENSING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512.28M and a net result of €-13.42M. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+4
Solvency100=
Growth55=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.3 in 2024; short-term debt: 3.5% and cash: 1.2% of total assets), and 25.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.9%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-13.42M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
19 d early
2022
31 d early
2021
24 d early
2020
33 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€53.15M▲ 8.8%
2024 · €48.85M
2019: €849k
2020: €33.00M
2021: €48.31M
2022: €51.40M
2023: €48.34M
2024: €48.85M
2019 → 2025
EBIT margin
-11.5%▲ 7.3pp
2024 · -18.8%
2019: -44.2%
2020: -57.0%
2021: -10.8%
2022: -11.0%
2023: -19.0%
2024: -18.8%
2019 → 2025
Net result
€-13.42M▲ 14.1%
2024 · €-15.62M
2019: €-392k
2020: €-30.11M
2021: €-14.10M
2022: €-13.63M
2023: €-17.11M
2024: €-15.62M
2019 → 2025
Working capital
€12.36M▲ 94.6%
2024 · €6.35M
2019: €178k
2020: €9.73M
2021: €15.33M
2022: €9.09M
2023: €4.78M
2024: €6.35M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€48.31M-€51.40M▲ 6.4%€48.34M▼ 6.0%€48.85M▲ 1.1%€53.15M▲ 8.8%
Equity€572.06M-€558.43M▼ 2.4%€541.32M▼ 3.1%€525.70M▼ 2.9%€512.28M▼ 2.6%
Operating result€-5.24M-€-5.66M▼ 8.0%€-9.19M▼ 62.5%€-9.18M▲ 0.2%€-6.11M▲ 33.5%
Net result€-14.10M-€-13.63M▲ 3.3%€-17.11M▼ 25.6%€-15.62M▲ 8.7%€-13.42M▲ 14.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6.11M in 2025 against €9.18M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683.96M
Fixed assets
€647.62M ▼ 3.9%
Current assets
€36.34M ▲ 33.2%
Equity and liabilities €683.96M
Equity
€512.28M ▼ 2.6%
Debt
€171.68M ▼ 2.1%
Debt's share of the balance-sheet total rises from 25.0% to 25.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€39.79M▲
2024 · €36.54M
Cash flow
€32.48M▲
2024 · €30.09M
Current ratio
1.52▲
2024 · 1.30
Quick ratio
1.50▲
2024 · 1.29
Debt to equity
0.34▲
2024 · 0.33
ROE
-2.6%▲
2024 · -3.0%
ROA
-2.0%▲
2024 · -2.2%
Interest coverage
6.17▲
2024 · 5.49
Debt ≤ 1 year
€23.98M▲
2024 · €20.94M
Debt > 1 year
€146.60M▼
2024 · €153.39M
Income taxes
€-102k▲
2024 · €-190k
Staff costs
€2.93M▲
2024 · €2.74M
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 · 2025 against 2024 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€701.05M€683.96M▼
Fixed assets21/28€673.76M€647.62M▼
Intangible fixed assets21€667.44M€625.05M▼
Tangible fixed assets22/27€6.33M€6.42M▲
Plant, machinery and equipment23€2.00M€2.18M▲
Furniture and vehicles24€448k€364k▼
Leasing and similar rights25€3.77M€3.58M▼
Other tangible fixed assets26€111k€79k▼
Assets under construction and advance payments27€3k€219k▲
Financial fixed assets28-€16.15M
Affiliated companies280/1-€16.15M
Amounts receivable281-€16.15M
Current assets29/58€27.29M€36.34M▲
Stocks and contracts in progress3€312k€438k▲
Stocks30/36€312k€438k▲
Raw materials and consumables30/31€152k€246k▲
Advance payments36€160k€192k▲
Amounts receivable within one year40/41€23.49M€26.70M▲
Trade receivables40€17.94M€20.87M▲
Other amounts receivable41€5.55M€5.83M▲
Cash at bank and in hand54/58€2.67M€8.33M▲
Deferred charges and accrued income490/1€817k€868k▲
Equity and liabilities
Total equity and liabilities10/49€701.05M€683.96M▼
Equity10/15€525.70M€512.28M▼
Contributions10/11€616.66M€616.66M=
Capital10€1.06M€1.06M=
Issued capital100€1.06M€1.06M=
Outside capital11€615.60M€615.60M=
Share premium1100/10€615.60M€615.60M=
Profit (loss) carried forward14€-90.97M€-104.39M▼
Amounts payable17/49€175.36M€171.68M▼
Amounts payable after more than one year17€153.39M€146.60M▼
Financial debts170/4€153.39M€146.60M▼
Leasing and similar obligations172€2.99M€2.76M▼
Credit institutions173-€49.94M
Other loans174€150.40M€93.90M▼
Amounts payable within one year42/48€20.94M€23.98M▲
Current portion of amounts payable after more than one year42€223k€278k▲
Trade debts44€1.58M€7.12M▲
Suppliers440/4€1.58M€7.12M▲
Advances received on contracts in progress46€2.28M€1.72M▼
Taxes, remuneration and social security45€674k€653k▼
Taxes450/3€162k€74k▼
Remuneration and social security454/9€512k€579k▲
Other amounts payable47/48€16.18M€14.21M▼
Accrued charges and deferred income492/3€1.03M€1.10M▲
Income statement
Code20242025
Operating income70/76A€49.30M€53.38M▲
Turnover70€48.85M€53.15M▲
Other operating income74€452k€238k▼
Operating charges60/66A€58.48M€59.49M▲
Goods for resale, raw materials and consumables60€1.25M€1.02M▼
Purchases600/8€1.19M€1.11M▼
Change in stocks: decrease (increase)609€59k€-94k▼
Services and other goods61€6.42M€6.98M▲
Remuneration, social security and pensions62€2.74M€2.93M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45.71M€45.90M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-392k€45k▲
Other operating charges640/8€2.74M€2.62M▼
Operating profit (loss)9901€-9.18M€-6.11M▲
Financial income75/76B€42k€394k▲
Recurring financial income75€42k€394k▲
Income from financial fixed assets750-€394k
Other financial income752/9€42k-
Financial charges65/66B€6.68M€7.81M▲
Recurring financial charges65€6.68M€7.81M▲
Debt charges650€6.65M€6.45M▼
Other financial charges652/9€24k€1.36M▲
Profit (loss) for the period before taxes9903€-15.81M€-13.52M▲
Income taxes67/77€-190k€-102k▲
Tax adjustments and reversals of tax provisions77€190k€102k▼
Profit (loss) for the period9904€-15.62M€-13.42M▲
Profit (loss) for the period to be appropriated9905€-15.62M€-13.42M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90.97M€-104.39M▼
Profit (loss) brought forward from the previous period14P€-75.35M€-90.97M▼
Social balance
Average headcount (FTE)908718.218.3▲
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-30.11M
Net result drops to €-30.11M, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Turnhout · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriedijk 192300 TurnhoutGround area
1.2 ha
Building footprint
2,453 m²
Volume, LiDAR
661 m³
Parcel 13452M0817/00B000, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
i4F Licensing
since 20182.283.974.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0817/00B000 | Flanders | 1.2 ha | 1 · 2,453 m² | 11.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,655 EUR awarded · 1,176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 269 EUR | 0 EUR |
| 2023 | 1 | 1,386 EUR | 1,176 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500S9XBP6ZSR0UE32
Similar companies · same sector, comparable size
COMBELL
BE 0541.977.701
Gent · Eq €508.97M
Delfinhold
BE 1002.192.023
Brasschaat · Eq €505.70M
Arvesta
BE 0737.818.127
Leuven · Eq €504.03M
LIMBURGSE RECONVERSIE MAATSCHAPPIJ
BE 0452.138.972
Hasselt · Eq €521.19M
Worldline e-Commerce Solutions
BE 0459.360.623
Brussel · Eq €523.46M
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.