ACTIVE

IDES

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Financial year 2025 · closed on 31/12/2025

Net result

18 k €

-31.6% YoY

Gross margin

51,9 k €

+7.2% YoY

Equity

335,1 k €

+5.7% YoY

What does IDES do?

IDES is a Public limited company incorporated in 1991. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.607.121

Incorporation

04/07/1991

Legal form

Public limited company

Registered office

Rue de la Croix Rouge(JB) 37 box 10
5100 Namur · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	51,9 k €	+7.2%	48,4 k €	-14.5%	56,5 k €	+32.1%	42,8 k €	+7.3%	39,9 k €	-2.5%	40,9 k €	+0.9%	40,6 k €	+8.4%	37,4 k €	-5.5%	39,6 k €	+7.2%	36,9 k €	-8.3%	40,2 k €	+34.2%	30 k €	-20.8%	37,9 k €	+57.4%	24,1 k €	+33.2%	18,1 k €	+4.4%	17,3 k €	-46.6%	32,4 k €	+1.9%	31,8 k €	-5.0%	33,5 k €	+22.7%	27,3 k €
EBITDA	43,6 k €	+8.8%	40 k €	-17.9%	48,8 k €	+38.6%	35,2 k €	+7.8%	32,6 k €	-4.1%	34 k €	+1.6%	33,5 k €	+9.6%	30,6 k €	-6.8%	32,8 k €	+8.1%	30,3 k €	+3.3%	29,4 k €	+25.2%	23,5 k €	-25.5%	31,5 k €	+77.3%	17,7 k €	+47.3%	12,1 k €	+5.7%	11,4 k €	-57.0%	26,5 k €	+1.6%	26,1 k €	-6.8%	28 k €	+30.4%	21,5 k €
Operating result	26,8 k €	+15.2%	23,2 k €	-45.0%	42,3 k €	+40.1%	30,2 k €	+10.3%	27,3 k €	-4.8%	28,7 k €	-0.9%	29 k €	+81.7%	16 k €	-12.2%	18,2 k €	+17.9%	15,4 k €	+6.7%	14,4 k €	-23.9%	19 k €	-15.0%	22,3 k €	+64.4%	13,6 k €	+72.2%	7,9 k €	+8.9%	7,2 k €	-57.4%	17 k €	-1.2%	17,2 k €	-10.1%	19,2 k €	+51.7%	12,6 k €
Net result	18 k €	-31.6%	26,3 k €	+35.4%	19,4 k €	+4.6%	18,6 k €	+3.4%	17,9 k €	-5.2%	18,9 k €	+2.0%	18,6 k €	+107%	9 k €	-11.4%	10,1 k €	+10.0%	9,2 k €	-10.6%	10,3 k €	-31.5%	15 k €	-14.2%	17,5 k €	+54.6%	11,3 k €	+44.7%	7,8 k €	+7.5%	7,3 k €	-46.6%	13,6 k €	+14.7%	11,9 k €	+0.2%	11,9 k €	+50.0%	7,9 k €
Balance sheet
Equity	335,1 k €	+5.7%	317,1 k €	+9.0%	290,8 k €	+7.2%	271,4 k €	+7.3%	252,8 k €	+3.9%	243,4 k €	+8.4%	224,5 k €	+9.0%	205,9 k €	+4.6%	196,9 k €	-22.9%	255,3 k €	+3.7%	246,1 k €	+4.4%	235,8 k €	+6.8%	220,8 k €	+8.6%	203,3 k €	+5.9%	192 k €	+4.3%	184,1 k €	+4.1%	176,9 k €	+8.4%	163,2 k €	+7.9%	151,3 k €	+8.5%	139,5 k €
Total assets	354,3 k €	+8.5%	326,5 k €	+1.7%	321 k €	+14.6%	280,2 k €	+3.5%	270,8 k €	+4.2%	260 k €	+9.1%	238,4 k €	+11.5%	213,8 k €	-21.7%	273,2 k €	+3.6%	263,8 k €	+4.4%	252,6 k €	+3.3%	244,6 k €	+7.5%	227,5 k €	+6.9%	212,8 k €	+7.2%	198,4 k €	+3.9%	190,9 k €	-0.0%	190,9 k €	+7.5%	177,7 k €	-10.6%	198,7 k €	+5.9%	187,5 k €
Cash	98,9 k €	+75.5%	56,3 k €	+86.9%	30,1 k €	-83.1%	178,6 k €	+6.4%	167,8 k €	+10.5%	151,9 k €	+13.8%	133,5 k €	+704%	16,6 k €	-89.6%	160,3 k €	+16.2%	137,9 k €	+22.8%	112,3 k €	-16.4%	134,3 k €	+1767%	7,2 k €	-25.4%	9,6 k €	-8.1%	10,5 k €	+133%	4,5 k €	-57.6%	10,6 k €	+667%	1,4 k €	-70.4%	4,7 k €	-29.0%	6,6 k €
Debts	12,4 k €	+375%	2,6 k €	-88.9%	23,4 k €	+1148%	1,9 k €	-83.1%	11,1 k €	+15.2%	9,6 k €	+36.7%	7 k €	+76.9%	4 k €	-94.7%	75,5 k €	+887%	7,6 k €	+33.7%	5,7 k €	-27.9%	7,9 k €	+34.0%	5,9 k €	-37.9%	9,5 k €	+47.2%	6,5 k €	+15.2%	5,6 k €	-60.1%	14,1 k €	-2.5%	14,4 k €	-69.5%	47,3 k €	-0.1%	47,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Audrey EFFINIER

Director · since 15 mai 2021 · until 31 mai 2027

Active

Jean-Luc EFFINIER

Managing director · since 15 mai 2021 · until 31 mai 2027

Active

Maud EFFINIER

Director · since 15 mai 2021 · until 31 mai 2027

Active

Nicole GODELAINE

Director · since 15 mai 2021 · until 31 mai 2027

Active

Ended mandates

Audrey EFFINIER

Director · since 06 août 2015 · until 22 juillet 2021

Ended

Jean-Luc EFFINIER

Managing director · since 06 août 2015 · until 22 juillet 2021

Ended

Maud EFFINIER

Director · since 06 août 2015 · until 22 juillet 2021

Ended

Nicole GODELAINE

Director · since 06 août 2015 · until 22 juillet 2021

Ended

At this address

Other companies at this address

Company	CBE no.
GESI● Active	0444.606.725

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2026	14/07/2025	17/06/2024	27/06/2023	23/06/2022	31/05/2021
General meeting	16/05/2026	03/07/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/05/2026	16/07/2026	French	PDF
Micro model	31/12/2024	03/07/2025	14/07/2025	French	PDF
Micro model	31/12/2023	18/05/2024	17/06/2024	French	PDF
Micro model	31/12/2022	20/05/2023	27/06/2023	French	PDF
Micro model	31/12/2021	21/05/2022	23/06/2022	French	PDF
Micro model	31/12/2020	15/05/2021	31/05/2021	French	PDF
Micro model	31/12/2019	22/07/2020	23/07/2020	French	PDF
Micro model	31/12/2018	18/05/2019	05/06/2019	French	PDF
Micro model	31/12/2017	14/07/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	22/07/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	23/07/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	07/07/2015	French	PDF
Abridged model	31/12/2013	12/07/2014	23/07/2014	French	PDF
Abridged model	31/12/2012	10/08/2013	16/08/2013	French	PDF
Abridged model	31/12/2011	02/01/2012	21/06/2012	French	PDF
Abridged model	31/12/2010	17/09/2011	20/09/2011	French	PDF
Abridged model	31/12/2009	24/07/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	22/08/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	09/08/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	28/07/2007	01/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Audrey EFFINIER

Director · since 15 mai 2021 · until 31 mai 2027

Active

Jean-Luc EFFINIER

Managing director · since 15 mai 2021 · until 31 mai 2027

Active

Maud EFFINIER

Director · since 15 mai 2021 · until 31 mai 2027

Active

Nicole GODELAINE

Director · since 15 mai 2021 · until 31 mai 2027

Active

Ended mandates

Audrey EFFINIER

Director · since 06 août 2015 · until 22 juillet 2021

Ended

Jean-Luc EFFINIER

Managing director · since 06 août 2015 · until 22 juillet 2021

Ended

Maud EFFINIER

Director · since 06 août 2015 · until 22 juillet 2021

Ended

Nicole GODELAINE

Director · since 06 août 2015 · until 22 juillet 2021

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202518 k €↓
2024
Annual accounts 202426,3 k €↑
2023
Annual accounts 202319,4 k €↑
2022
Annual accounts 202218,6 k €↑
2021
Annual accounts 202117,9 k €↓
2020
Annual accounts 202018,9 k €↑
2019
Annual accounts 201918,6 k €↑
2018
Annual accounts 20189 k €↓
2017
Annual accounts 201710,1 k €↑
2016
Annual accounts 20169,2 k €↓
2015
Annual accounts 201510,3 k €↓
2014
Annual accounts 201415 k €↓
2013
Annual accounts 201317,5 k €↑
2012
Annual accounts 201211,3 k €↑
2011
Annual accounts 20117,8 k €↑
2010
Annual accounts 20107,3 k €↓
2009
Annual accounts 200913,6 k €↑
2008
Annual accounts 200811,9 k €↑
2007
Annual accounts 200711,9 k €↑
2006
Annual accounts 20067,9 k €
04/07/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IDES

Overview

What does IDES do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline