ACTIVE

I-Force

Financial year 2025 · closed on 31/12/2025
Net result
317 k €
+57.7% YoY
Gross margin
998,2 k €
+13.5% YoY
Equity
386,5 k €
-50.9% YoY
Workforce
6,7 ETP
+13.6% YoY

What does I-Force do?

I-Force is a Private limited company incorporated in 2003. Its main activity is: Legal activities. Its registered office is in Erpe-Mere. It employs on average 6,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0479.839.402
Incorporation
24/03/2003
Legal form
Private limited company
Registered office
Vijfhuizen 6
9420 Erpe-Mere · FlandreSee on map
Contributed capital
40 000,00 €
Latest accounts
31/12/2025
Average workforce
6,7 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin998,2 k €879,6 k €1 M €991,7 k €816,6 k €811,9 k €843,7 k €486,2 k €286,5 k €291,3 k €275,1 k €308,4 k €288,3 k €401,9 k €235,9 k €44,3 k €50,8 k €44,2 k €3,2 k €12,4 k €
EBITDA466,5 k €337,6 k €452,4 k €482,2 k €346,4 k €428,2 k €463 k €228 k €102,8 k €65,9 k €82,2 k €179,2 k €152,2 k €286,5 k €197,1 k €13,7 k €16,2 k €7,3 k €3,1 k €12,2 k €
Operating result425,2 k €294,8 k €412 k €441,4 k €310,8 k €407 k €443,9 k €212,4 k €91,5 k €52 k €67,4 k €139,4 k €139,8 k €268,9 k €181,9 k €6 k €14,3 k €3,9 k €406,1 €9,7 k €
Net result317 k €201,1 k €291,5 k €314,2 k €224,4 k €281,5 k €294,4 k €142,8 k €56,8 k €32,6 k €37,4 k €83,8 k €92,1 k €175,2 k €117,5 k €3,6 k €9,6 k €4,8 k €4,8 k €6,9 k €
Balance sheet
Equity386,5 k €786,6 k €729,9 k €641,2 k €549,1 k €444,7 k €411,7 k €267,3 k €214,5 k €217,7 k €215,1 k €207,6 k €163,9 k €161,8 k €106,6 k €89,1 k €76,9 k €67,3 k €62,5 k €57,8 k €
Total assets1,7 M €1,3 M €1,1 M €1,1 M €1,1 M €767,5 k €1,2 M €788,5 k €604,8 k €543,7 k €532,3 k €524,1 k €494,8 k €323,5 k €459,4 k €347,5 k €294,5 k €215,9 k €159,7 k €346,8 k €
Cash599 k €523,5 k €387,8 k €382,4 k €281,3 k €255,9 k €490,6 k €327,7 k €323,8 k €297,3 k €287,8 k €214,6 k €133,8 k €79,9 k €103,2 k €75 k €101,4 k €110,3 k €59,8 k €77 k €
Debts1,3 M €531,9 k €339,3 k €469,8 k €542,9 k €322,7 k €761,1 k €520,8 k €390,3 k €326 k €317,2 k €316,4 k €330,9 k €161,7 k €352,7 k €258,3 k €217,6 k €116,1 k €79,7 k €271,6 k €
Other
Workforce6,7 ETP5,9 ETP6,5 ETP6,7 ETP6,8 ETP6,0 ETP5,5 ETP4,7 ETP3,8 ETP4,1 ETP3,5 ETP2,0 ETP2,5 ETP2,2 ETP0,7 ETP0,9 ETP0,9 ETP0,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

VAN DER HULST PIETER

Director · since 13 juin 2008 · 0876.658.878

Represented by Pieter Van der Hulst

Active
SILARSTI

Director · since 29 octobre 2004 · 0861.092.853

Represented by Lode Barrezeele

Active
TweeDB

Director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Active

Ended mandates

P&G Consult

Director · since 29 octobre 2004 · 0869.769.603

Represented by Petra Van de Putte

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged 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 date11/07/202611/07/202519/06/202419/06/202328/06/202223/06/2021
General meeting26/06/202627/06/202514/06/202409/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202611/07/2026DutchPDF
Abridged model31/12/202427/06/202511/07/2025DutchPDF
Abridged model31/12/202314/06/202419/06/2024DutchPDF
Abridged model31/12/202209/06/202319/06/2023DutchPDF
Abridged model31/12/202110/06/202228/06/2022DutchPDF
Abridged model31/12/202011/06/202123/06/2021DutchPDF
Abridged model31/12/201912/06/202019/06/2020DutchPDF
Abridged model31/12/201814/06/201909/07/2019DutchPDF
Abridged model31/12/201708/06/201803/07/2018DutchPDF
Abridged model31/12/201630/06/201702/08/2017DutchPDF
Abridged model31/12/201510/06/201628/06/2016DutchPDF
Abridged model31/12/201412/06/201521/06/2015DutchPDF
Abridged model31/12/201313/06/201417/06/2014DutchPDF
Abridged model31/12/201214/06/201326/06/2013DutchPDF
Abridged model31/12/201115/06/201206/07/2012DutchPDF
Abridged model31/12/201010/06/201120/06/2011DutchPDF
Abridged model31/12/200911/06/201013/07/2010DutchPDF
Abridged model31/12/200812/06/200906/07/2009DutchPDF
Abridged model31/12/200713/06/200816/06/2008DutchPDF
Abridged model31/12/200608/06/200719/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

VAN DER HULST PIETER

Director · since 13 juin 2008 · 0876.658.878

Represented by Pieter Van der Hulst

Active
SILARSTI

Director · since 29 octobre 2004 · 0861.092.853

Represented by Lode Barrezeele

Active
TweeDB

Director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Active

Ended mandates

P&G Consult

Director · since 29 octobre 2004 · 0869.769.603

Represented by Petra Van de Putte

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
TweeDB

Managing director · since 29 octobre 2004 · 0469.560.667

Represented by Bart De Bie

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares29/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN
    PDF
  • Registered office07/06/2011
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates11/04/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/03/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/04/2003
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

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 2025317 k €
  2. 2024
    Annual accounts 2024201,1 k €
  3. 2023
    Annual accounts 2023291,5 k €
  4. 2022
    Annual accounts 2022314,2 k €
  5. 2021
    Annual accounts 2021224,4 k €
  6. 2020
    Annual accounts 2020281,5 k €
  7. 2019
    Annual accounts 2019294,4 k €
  8. 2018
    Annual accounts 2018142,8 k €
  9. 2017
    Annual accounts 201756,8 k €
  10. 2016
    Annual accounts 201632,6 k €
  11. 2015
    Annual accounts 201537,4 k €
  12. 2014
    Annual accounts 201483,8 k €
  13. 2013
    Annual accounts 201392,1 k €
  14. 2012
    Annual accounts 2012175,2 k €
  15. 2011
    Annual accounts 2011117,5 k €
  16. 2010
    Annual accounts 20103,6 k €
  17. 2009
    Annual accounts 20099,6 k €
  18. 2008
    Annual accounts 20084,8 k €
  19. 2007
    Annual accounts 20074,8 k €
  20. 2006
    Annual accounts 20066,9 k €
  21. 24/03/2003
    IncorporationPrivate limited company