ACTIVE

IF CODE

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Financial year 2025 · closed on 30/06/2025

Net result

4,0 k €

+1765.4% YoY

Gross margin

10,5 k €

+32.4% YoY

Equity

156,3 k €

+2.7% YoY

What does IF CODE do?

IF CODE is a Private limited company incorporated in 2003. Its main activity is: Computer programming activities. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.351.630

Incorporation

22/01/2003

Legal form

Private limited company

Registered office

Rue de la Haie 75
1301 Wavre · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	10,5 k €	+32.4%	7,9 k €	-70.0%	26,5 k €	+366%	5,7 k €	-48.0%	10,9 k €	+1.0%	10,8 k €	-72.0%	38,7 k €	+110%	18,5 k €	-76.5%	78,4 k €	+7.3%	73,1 k €	+13.6%	64,3 k €	+1761%	-3,9 k €	-75.8%	-2,2 k €	+72.0%	-7,9 k €	+58.9%	-19,1 k €	-53.9%	-12,4 k €	-235%	9,2 k €	-73.4%	34,7 k €	+23.6%	28,1 k €
EBITDA	2,9 k €	+493%	-726,2 €	-104%	16,9 k €	+592%	2,4 k €	+3984%	-63,1 €	+97.4%	-2,4 k €	-110%	24,8 k €	+198%	8,3 k €	-86.7%	62,8 k €	+19.5%	52,5 k €	-14.2%	61,2 k €	+970%	-7,0 k €	-31.1%	-5,4 k €	+33.4%	-8,1 k €	+58.3%	-19,3 k €	-53.1%	-12,6 k €	-1829%	730,5 €	-66.6%	2,2 k €	+777%	-323,0 €
Operating result	2,7 k €	+383%	-953,6 €	-106%	16,7 k €	+604%	2,4 k €	+3867%	-63,1 €	+99.5%	-11,5 k €	-173%	15,7 k €	+2160%	-763,4 €	-101%	62,4 k €	+20.0%	52,0 k €	-14.2%	60,6 k €	+939%	-7,2 k €	-31.6%	-5,5 k €	+32.4%	-8,1 k €	+58.1%	-19,4 k €	-52.8%	-12,7 k €	-33979%	37,5 €	-97.5%	1,5 k €	+247%	-1,0 k €
Net result	4,0 k €	+1765%	216,9 €	-98.5%	14,9 k €	+644%	2,0 k €	+1633%	-130,9 €	+98.9%	-11,6 k €	-209%	10,7 k €	+854%	-1,4 k €	-103%	42,1 k €	+21.2%	34,8 k €	-38.5%	56,5 k €	+900%	-7,1 k €	-34.6%	-5,3 k €	+31.3%	-7,6 k €	+58.6%	-18,5 k €	-65.9%	-11,1 k €	-1317%	914,4 €	-55.6%	2,1 k €	+153%	-3,9 k €
Balance sheet
Equity	156,3 k €	+2.7%	152,2 k €	+0.1%	152,0 k €	+10.9%	137,1 k €	+1.5%	135,1 k €	-0.1%	135,2 k €	-7.9%	146,8 k €	+7.8%	136,2 k €	-1.0%	137,6 k €	+44.2%	95,4 k €	+57.4%	60,6 k €	+1375%	4,1 k €	-63.2%	11,2 k €	-32.0%	16,4 k €	-31.8%	24,1 k €	-43.4%	42,5 k €	-20.7%	53,7 k €	+1.7%	52,7 k €	+4.1%	50,7 k €
Total assets	162,5 k €	+1.0%	160,9 k €	-7.8%	174,6 k €	+21.1%	144,2 k €	+2.0%	141,4 k €	+1.6%	139,2 k €	-19.4%	172,8 k €	+6.8%	161,7 k €	-16.6%	193,9 k €	+51.8%	127,7 k €	+76.1%	72,5 k €	+1156%	5,8 k €	-55.8%	13,1 k €	-28.6%	18,3 k €	-28.9%	25,7 k €	-41.9%	44,3 k €	-21.7%	56,6 k €	-2.3%	57,9 k €	+11.2%	52,1 k €
Cash	155,7 k €	+0.4%	155,0 k €	-6.4%	165,6 k €	+21.8%	136,0 k €	+0.5%	135,3 k €	+4.2%	129,8 k €	+2.0%	127,3 k €	+1.2%	125,8 k €	-25.9%	169,8 k €	+89.0%	89,8 k €	+127%	39,6 k €	+837%	4,2 k €	-61.6%	11,0 k €	-36.6%	17,4 k €	-30.3%	24,9 k €	-42.3%	43,2 k €	+39.9%	30,9 k €	-38.1%	49,9 k €	+16.4%	42,9 k €
Debts	6,2 k €	-28.9%	8,7 k €	-61.5%	22,6 k €	+218%	7,1 k €	+12.3%	6,3 k €	+59.2%	4,0 k €	-84.7%	26,0 k €	+1.5%	25,6 k €	-54.6%	56,4 k €	+74.5%	32,3 k €	+172%	11,9 k €	+613%	1,7 k €	-12.0%	1,9 k €	+1.2%	1,9 k €	+13.5%	1,6 k €	-6.4%	1,8 k €	-40.2%	2,9 k €	-43.0%	5,2 k €	+270%	1,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active

Active mandates

Olivier Bataille

Mandate

Active

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	29/01/2025	22/02/2024	21/02/2023	21/02/2022	01/03/2021
General meeting	15/12/2025	16/12/2024	15/12/2023	15/12/2022	15/12/2021	15/12/2020
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	30/06/2025	15/12/2025	29/01/2026	French	PDF
Micro model	30/06/2024	16/12/2024	29/01/2025	French	PDF
Micro model	30/06/2023	15/12/2023	22/02/2024	French	PDF
Micro model	30/06/2022	15/12/2022	21/02/2023	French	PDF
Micro model	30/06/2021	15/12/2021	21/02/2022	French	PDF
Micro model	30/06/2020	15/12/2020	01/03/2021	French	PDF
Micro model	30/06/2019	16/12/2019	27/01/2020	French	PDF
Micro model	30/06/2018	15/12/2018	24/01/2019	French	PDF
Abridged model	30/06/2017	15/12/2017	19/12/2017	French	PDF
Abridged model	30/06/2016	15/12/2016	19/01/2017	French	PDF
Abridged model	30/06/2015	15/12/2015	14/01/2016	French	PDF
Abridged model	30/06/2014	15/12/2014	17/12/2014	French	PDF
Abridged model	30/06/2013	16/12/2013	23/12/2013	French	PDF
Abridged model	30/06/2012	15/12/2012	27/12/2012	French	PDF
Abridged model	30/06/2011	15/12/2011	19/12/2011	French	PDF
Abridged model	30/06/2010	15/12/2010	15/12/2010	French	PDF
Abridged model	30/06/2009	15/12/2009	15/12/2009	French	PDF
Abridged model	30/06/2008	15/12/2008	17/12/2008	French	PDF
Abridged model	30/06/2007	14/12/2007	28/12/2007	French	PDF
Abridged model	30/06/2006	15/12/2006	04/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 1 active

Active mandates

Olivier Bataille

Mandate

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20254,0 k €↑
2024
Annual accounts 2024216,9 €↓
2023
Annual accounts 202314,9 k €↑
2022
Annual accounts 20222,0 k €↑
2021
Annual accounts 2021-130,9 €↑
2020
Annual accounts 2020-11,6 k €↓
2019
Annual accounts 201910,7 k €↑
2018
Annual accounts 2018-1,4 k €↓
2017
Annual accounts 201742,1 k €↑
2016
Annual accounts 201634,8 k €↓
2015
Annual accounts 201556,5 k €↑
2014
Annual accounts 2014-7,1 k €↓
2013
Annual accounts 2013-5,3 k €↑
2012
Annual accounts 2012-7,6 k €↑
2011
Annual accounts 2011-18,5 k €↓
2010
Annual accounts 2010-11,1 k €↓
2009
Annual accounts 2009914,4 €↓
2008
Annual accounts 20082,1 k €↑
2007
Annual accounts 2007-3,9 k €
22/01/2003
IncorporationPrivate 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

IF CODE

Overview

What does IF CODE do?

Trend over 19 financial years

Indicative valuation

Board of directors

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