IfThenElse
Annual accounts 2025
full format, filed on 23-04-2026, 7 days before the deadline€44,050
▲ 175%
€41,579
▲ 248%
€43,478
▲ 186%
-€1,675
▼ €9,210
37.6%
▲ 2.0 percentage points
1.29
▲ 0.33
The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €71,000 and €170,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €107,201 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
37.6%
Higher than 36% of 3,873 companies in 2025.
1.29
Higher than 49% of 3,727 companies in 2025.
-3.3%
Higher than 13% of 3,849 companies in 2025.
IfThenElse
Middle half of the sector
80% of the sector
Full accounts in head offices and management consultancy (NACE 70)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
107,201 | 123,155 | 126,714 | 101,908 | 78,113 | 68,938 | 43,642 | 31,691 | 42,313 | 30,215 | 35,695 | 26,854 | 44,094 | 46,704 | |
21/28 |
24,412 | 51,531 | 52,650 | 53,976 | 49,171 | 49,876 | 18,701 | 18,622 | 21,671 | 17,663 | 17,530 | 3,529 | 3,211 | 830 | |
22/27 |
7,562 | 4,681 | 5,800 | 7,126 | 2,321 | 3,026 | 1,851 | 1,772 | 4,821 | 813 | 680 | 479 | 161 | 780 | |
24 |
7,562 | 4,681 | 5,800 | 7,126 | 2,321 | 3,026 | 1,851 | 1,772 | 4,821 | 813 | 680 | 479 | 161 | 780 | |
28 |
16,850 | 46,850 | 46,850 | 46,850 | 46,850 | 46,850 | 16,850 | 16,850 | 16,850 | 16,850 | 16,850 | 3,050 | 3,050 | 50 | |
29/58 |
82,788 | 71,623 | 74,065 | 47,933 | 28,941 | 19,063 | 24,940 | 13,070 | 20,641 | 12,552 | 18,165 | 23,325 | 40,883 | 45,874 | |
40/41 |
72,189 | 62,341 | 64,319 | 47,656 | 21,054 | 14,520 | 21,105 | 12,730 | 19,705 | 9,650 | 16,348 | 12,305 | 39,740 | 45,213 | |
40 |
69,656 | 62,341 | 64,319 | 47,656 | 21,054 | 14,520 | 20,824 | 12,035 | 19,701 | 9,650 | 9,650 | 1,975 | 25,136 | 33,880 | |
41 |
2,534 | - | - | - | - | - | 281 | 695 | 4 | - | 6,698 | 10,330 | 14,604 | 11,333 | |
54/58 |
9,490 | 8,022 | 8,473 | 0 | 6,906 | 3,711 | 164 | - | 168 | 56 | 614 | 11,020 | 241 | 115 | |
490/1 |
1,109 | 1,260 | 1,272 | 277 | 982 | 831 | 3,672 | 340 | 769 | 2,846 | 1,203 | - | 902 | 547 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
107,201 | 123,155 | 126,714 | 101,908 | 78,113 | 68,938 | 43,642 | 31,691 | 42,313 | 30,215 | 35,695 | 26,854 | 44,094 | 46,704 | |
10/15 |
40,345 | 43,918 | 39,607 | 36,256 | 25,459 | 19,166 | 11,707 | 7,996 | 7,589 | 15,835 | 14,907 | 13,606 | 11,195 | 14,004 | |
10/11 |
13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | |
100 |
- | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | 5,050 | 5,050 | 5,050 | 5,050 | 5,050 | 5,050 | 5,050 | 5,050 | 5,050 | |
13 |
27,900 | 27,900 | 23,700 | 20,400 | 9,650 | 1,300 | 1,050 | 1,050 | 1,050 | 1,050 | 1,000 | 400 | 400 | 400 | |
130/1 |
0 | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,300 | 1,050 | 1,050 | 1,050 | 1,050 | 1,000 | 400 | 400 | 400 | |
1311 |
0 | 1,300 | 1,300 | 1,300 | 1,300 | - | - | - | - | - | - | - | - | - | |
133 |
27,900 | 26,600 | 22,400 | 19,100 | 8,350 | - | - | - | - | - | - | - | - | - | |
14 |
-1,055 | 2,518 | 2,407 | 2,356 | 2,309 | 4,366 | -2,843 | -6,554 | -6,961 | 1,285 | 407 | -294 | -2,705 | 104 | |
17/49 |
66,856 | 79,237 | 87,107 | 65,653 | 52,653 | 49,772 | 31,935 | 23,696 | 34,723 | 14,380 | 20,788 | 13,248 | 32,899 | 32,700 | |
17 |
- | - | 0 | 7,694 | 17,843 | 33,042 | 3,042 | - | 2,866 | - | - | - | 3,627 | 8,869 | |
170/4 |
- | - | 0 | 7,694 | 17,843 | 33,042 | 3,042 | - | 2,866 | - | - | - | 3,627 | 8,869 | |
42/48 |
64,193 | 75,016 | 85,780 | 57,959 | 34,811 | 16,731 | 28,893 | 23,696 | 31,858 | 14,380 | 20,778 | 13,248 | 29,272 | 23,831 | |
42 |
- | 0 | 7,694 | 10,149 | 10,026 | - | 2,958 | 2,866 | 3,738 | - | - | 3,627 | 5,242 | 5,014 | |
43 |
- | - | 0 | 656 | - | - | - | 346 | - | - | - | - | - | - | |
430/8 |
- | - | 0 | 656 | - | - | - | 346 | - | - | - | - | - | - | |
44 |
8,058 | 5,460 | 597 | 4,678 | 1,716 | 3,196 | 7,910 | 4,126 | 4,621 | 3,125 | 827 | 1,830 | 6,395 | 5,413 | |
440/4 |
8,058 | 5,460 | 597 | 4,678 | 1,716 | 3,196 | 7,910 | 4,126 | 4,621 | 3,125 | 827 | 1,830 | 6,395 | 5,413 | |
45 |
15,634 | 30,916 | 38,655 | 21,313 | 15,870 | 9,148 | 13,802 | 13,178 | 17,774 | 9,282 | 9,451 | 7,791 | 10,635 | 6,404 | |
450/3 |
13,634 | 6,916 | 18,655 | 13,313 | 13,870 | 7,148 | 11,602 | 10,728 | 15,324 | 6,732 | 6,901 | 5,241 | 10,635 | 6,404 | |
454/9 |
2,000 | 24,000 | 20,000 | 8,000 | 2,000 | 2,000 | 2,200 | 2,450 | 2,450 | 2,550 | 2,550 | 2,550 | - | - | |
47/48 |
40,500 | 38,640 | 38,834 | 21,163 | 7,199 | 4,386 | 4,223 | 3,180 | 5,724 | 1,973 | 10,500 | - | 7,000 | 7,000 | |
492/3 |
2,663 | 4,221 | 1,327 | - | - | - | - | - | - | - | 10 | - | - | - | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 93,190 | 92,504 | 81,274 | - | |
9900 |
44,050 | 16,010 | 12,371 | 21,876 | 17,617 | 15,434 | 12,174 | 5,198 | -875 | 4,822 | 2,032 | 8,529 | 1,198 | 13,858 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 98,420 | 91,011 | 85,550 | - | |
630 |
1,898 | 3,225 | 3,183 | 2,294 | 1,191 | 1,365 | 1,864 | 1,343 | 3,830 | 608 | 460 | 401 | 619 | 1,083 | |
640/8 |
572 | 827 | 863 | 780 | 704 | 688 | 815 | 986 | 1,726 | 623 | 807 | 740 | 962 | 1,043 | |
9901 |
41,579 | 11,958 | 8,325 | 18,801 | 15,722 | 13,380 | 9,495 | 2,869 | -6,431 | 3,591 | 765 | 7,388 | -383 | 11,732 | |
75/76B |
0 | - | - | 0 | 0 | - | - | - | - | 40 | 13,801 | - | - | 2 | |
75 |
0 | - | - | 0 | 0 | - | - | - | - | 40 | 13,801 | - | - | 2 | |
65/66B |
32,970 | 3,371 | 1,878 | 684 | 1,052 | 1,940 | 2,116 | 1,032 | 916 | 904 | 1,003 | 2,477 | 1,886 | 1,673 | |
65 |
2,970 | 3,371 | 1,878 | 684 | 1,052 | 1,940 | 2,116 | 1,032 | 916 | 904 | 1,003 | 2,477 | 1,886 | 1,673 | |
66B |
30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
8,609 | 8,587 | 6,447 | 18,117 | 14,670 | 11,440 | 7,379 | 1,837 | -7,347 | 2,727 | 13,563 | 4,911 | -2,269 | 10,060 | |
67/77 |
12,182 | 4,276 | 3,095 | 7,320 | 6,227 | 3,980 | 3,669 | 1,431 | 899 | 1,799 | 1,762 | 2,500 | 540 | 2,556 | |
9904 |
-3,573 | 4,311 | 3,352 | 10,797 | 8,443 | 7,459 | 3,711 | 407 | -8,246 | 928 | 11,801 | 2,411 | -2,809 | 7,504 | |
9905 |
-3,573 | 4,311 | 3,352 | 10,797 | 8,443 | 7,459 | 3,711 | 407 | -8,246 | 928 | 11,801 | 2,411 | -2,809 | 7,504 | |
| Appropriation of the result | |||||||||||||||
9906 |
-1,055 | 6,718 | 5,707 | 13,106 | 12,809 | 4,616 | -2,843 | -6,554 | -6,961 | 1,335 | 11,507 | -294 | -2,705 | 7,504 | |
14P |
2,518 | 2,407 | 2,356 | 2,309 | 4,366 | - | - | - | - | - | - | - | - | - | |
691/2 |
0 | 4,200 | 3,300 | 10,750 | 8,350 | 250 | - | - | - | 50 | 600 | - | - | 400 | |
6920 |
- | - | - | - | 0 | 250 | - | - | - | 50 | 600 | - | - | 400 | |
6921 |
0 | 4,200 | 3,300 | 10,750 | 8,350 | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | 0 | 2,150 | - | - | - | - | - | 10,500 | - | - | 7,000 | |
694 |
- | - | - | 0 | 2,150 | - | - | - | - | - | 10,500 | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7,000 | |
| Social balance sheet | |||||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 23-04-2026 | 2026-00087171 | |
| 30-09-2024 | full format | 22-04-2025 | 2025-00076295 | |
| 30-09-2023 | full format | 25-04-2024 | 2024-00073199 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00075503 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20016639 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12700454 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11800370 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11300362 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11300014 | |
| 30-09-2016 | full format | 20-03-2017 | 2017-06700407 | |
| 30-09-2015 | full format | 21-03-2016 | 2016-06900157 | |
| 30-09-2014 | full format | 18-03-2015 | 2015-06800561 | |
| 30-09-2013 | full format | 17-03-2014 | 2014-06600394 | |
| 30-09-2012 | full format | 10-04-2013 | 2013-09000004 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43,478 | 15,182 | 11,508 | 21,095 | 16,913 | 14,745 | 11,359 | 4,212 | -2,601 | 4,199 | 1,225 | 7,789 | 236 | 12,815 | ||
| -1,675 | 7,535 | 6,534 | 13,091 | 9,635 | 8,825 | 5,575 | 1,750 | -4,415 | 1,536 | 12,261 | 2,812 | -2,190 | 8,587 | ||
| 5,333 | 2,106 | 1,857 | 7,099 | 487 | 32,540 | 1,943 | 841 | 7,839 | 741 | 17,460 | 719 | 3,000 | 1,913 | ||
| 1,468 | -451 | 8,473 | -6,906 | 3,194 | 3,548 | - | - | 112 | -558 | -10,406 | 10,779 | 126 | - | ||
| 18,595 | -3,392 | -11,715 | -10,026 | -5,869 | 2,332 | -3,953 | -10,626 | -11,216 | -1,828 | -2,613 | 10,077 | 11,611 | 22,043 | ||
| - | - | - | - | - | - | - | - | - | - | 0.8% | 8.0% | -0.5% | - | ||
| 37.6% | 35.7% | 31.3% | 35.6% | 32.6% | 27.8% | 26.8% | 25.2% | 17.9% | 52.4% | 41.8% | 50.7% | 25.4% | 30.0% | ||
| 1.29 | 0.95 | 0.86 | 0.83 | 0.83 | 1.14 | 0.86 | 0.55 | 0.65 | 0.87 | 0.87 | 1.76 | 1.40 | 1.92 | ||
| 1.66 | 1.80 | 2.20 | 1.81 | 2.07 | 2.60 | 2.73 | 2.96 | 4.58 | 0.91 | 1.39 | 0.97 | 2.94 | 2.33 | ||
| -8.9% | 9.8% | 8.5% | 29.8% | 33.2% | 38.9% | 31.7% | 5.1% | -108.6% | 5.9% | 79.2% | 17.7% | -25.1% | 53.6% | ||
| -3.3% | 3.5% | 2.6% | 10.6% | 10.8% | 10.8% | 8.5% | 1.3% | -19.5% | 3.1% | 33.1% | 9.0% | -6.4% | 16.1% | ||
| 14.64 | 4.50 | 6.13 | 30.83 | 16.08 | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 38 days | 8 days | 113 days | - | ||
| - | - | - | - | - | - | - | - | - | - | 3 days | 7 days | 27 days | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,333 | €2,106 | €1,857 | €7,099 | €487 |
| €1,898 | €3,225 | €3,183 | €2,294 | €1,191 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on IfThenElse
The operating result for 2025 is nearly 3.5 times that of 2024 and the highest since 2012. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 64.3% to 62.4%. Equity and debt are lower.