ACTIVE

I4F LICENSING

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Financial year 2025 · closed on 31/12/2025
Net result
-13,4 M €
+14.1% YoY
Revenue
53,1 M €
+8.8% YoY
Equity
512,3 M €
-2.6% YoY
Workforce
18,3 ETP
+0.5% YoY

What does I4F LICENSING do?

I4F LICENSING is a Public limited company incorporated in 2018. Its main activity is: Management consultancy activities. Its registered office is in Turnhout. It employs on average 18,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0716.689.052
Incorporation
20/12/2018
Legal form
Public limited company
Registered office
Industriedijk 19
2300 Turnhout · FlandreSee on map
Contributed capital
616 664 600,00 €
Latest accounts
31/12/2025
Average workforce
18,3 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities77400Leasing of intellectual property and similar products, except copyrighted works77400Leasing of intellectual property and similar products, except copyrighted works77400Leasing of intellectual property and similar products, except copyrighted works77400Leasing of intellectual property and similar products, except copyrighted works
Joint committees (1)
  • 200
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Revenue53,1 M €48,9 M €48,3 M €51,4 M €48,3 M €33 M €849,2 k €
EBITDA39,8 M €36,1 M €36,1 M €39,6 M €39,3 M €25,4 M €-341,1 k €
Operating result-6,1 M €-9,2 M €-9,2 M €-5,7 M €-5,2 M €-18,8 M €-375,3 k €
Net result-13,4 M €-15,6 M €-17,1 M €-13,6 M €-14,1 M €-30,1 M €-391,5 k €
Balance sheet
Equity512,3 M €525,7 M €541,3 M €558,4 M €572,1 M €586,2 M €616,3 M €
Total assets684 M €701,1 M €741,9 M €777,9 M €825,7 M €854,3 M €880,4 M €
Cash8,3 M €2,7 M €2,4 M €6 M €6,3 M €2,1 M €139,7 k €
Debts170,6 M €174,3 M €199,4 M €218,8 M €252,8 M €267,3 M €264,2 M €
Other
Workforce18,3 ETP18,2 ETP13,5 ETP6,7 ETP7,8 ETP7,9 ETP3,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Bram Kingma

Director · since 15 juillet 2024 · until 30 juin 2029

Active
Johan Christaan Rietveldt

Managing director · since 31 décembre 2019 · until 30 juin 2029

Active

Ended mandates

Matthias de Koning

Director · since 01 octobre 2020 · until 27 juin 2026

Ended
Matthias De Koning

Director · since 01 octobre 2020 · until 21 avril 2023

Ended
Johan Christiaan Rietveldt

Managing director · since 31 décembre 2019 · until 28 juin 2025

Ended
Johan Christiaan Rietveldt

Managing director · since 31 décembre 2019 · until 30 juin 2029

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date03/07/202609/07/202512/07/202430/06/202307/07/202228/06/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202603/07/2026DutchPDF
Full model31/12/202427/06/202509/07/2025DutchPDF
Full model31/12/202328/06/202412/07/2024DutchPDF
Full model31/12/202230/06/202330/06/2023DutchPDF
Full model31/12/202124/06/202207/07/2022DutchPDF
Full model31/12/202025/06/202128/06/2021DutchPDF
Abridged model31/12/201927/07/202031/07/2020DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Bram Kingma

Director · since 15 juillet 2024 · until 30 juin 2029

Active
Johan Christaan Rietveldt

Managing director · since 31 décembre 2019 · until 30 juin 2029

Active

Ended mandates

Matthias de Koning

Director · since 01 octobre 2020 · until 27 juin 2026

Ended
Matthias De Koning

Director · since 01 octobre 2020 · until 21 avril 2023

Ended
Johan Christiaan Rietveldt

Managing director · since 31 décembre 2019 · until 28 juin 2025

Ended
Johan Christiaan Rietveldt

Managing director · since 31 décembre 2019 · until 30 juin 2029

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring16/06/2020
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 2025-13,4 M €↑
  2. 27/06/2025
    reconductionJohan Rietveldt — bestuurder
  3. 01/01/2025
    nominationHannes Poelmans — vaste vertegenwoordiger van de commissaris
  4. 2024
    Annual accounts 2024-15,6 M €↑
  5. 15/07/2024
    nominationBram KINGMA — klasse B Bestuurder
  6. 2023
    Annual accounts 2023-17,1 M €↓
  7. 2022
    Annual accounts 2022-13,6 M €↑
  8. 24/06/2022
    reconductionDeloitte Bedrijfsrevisoren — commissaris
  9. 2021
    Annual accounts 2021-14,1 M €↑
  10. 2020
    Annual accounts 2020-30,1 M €↓
  11. 2019
    Annual accounts 2019-391,5 k €
  12. 20/12/2018
    IncorporationPublic limited company