ACTIVE

Alfra

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Financial year 2025 · closed on 31/12/2025

Net result

197,8 k €

+1063.5% YoY

Gross margin

955 k €

+41.5% YoY

Equity

784,1 k €

+13.5% YoY

Workforce

7,8 ETP

+2.6% YoY

What does Alfra do?

Alfra is a Public limited company incorporated in 1965. Its registered office is in Grâce-Hollogne. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.392.901

Incorporation

16/03/1965

Legal form

Public limited company

Registered office

Rue du Onze Novembre 34
4460 Grâce-Hollogne · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

7,8 ETP

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	955 k €	+41.5%	674,8 k €	-14.7%	791 k €	+4.4%	757,5 k €	+23.4%	613,8 k €	-2.5%	629,8 k €	-3.7%	654 k €	+1.2%	646,5 k €	+58.7%	407,4 k €	-13.2%	469,2 k €	-4.3%	490,2 k €	+12.2%	437 k €	-10.0%	485,8 k €	-6.9%	521,8 k €	+58.6%	329 k €	+10.1%	298,7 k €	+22.2%	244,4 k €	-14.1%	284,5 k €	+14.7%	248 k €	+34.3%	184,8 k €
EBITDA	424,3 k €	+115%	197,5 k €	-40.4%	331,3 k €	-8.6%	362,6 k €	+29.1%	280,9 k €	-25.3%	376,3 k €	-11.0%	422,9 k €	+15.3%	366,7 k €	+167%	137,1 k €	-3.5%	142,1 k €	-28.7%	199,2 k €	-20.9%	251,8 k €	-10.9%	282,7 k €	-8.8%	310 k €	+102%	153,7 k €	+5.7%	145,4 k €	+23.9%	117,3 k €	-28.6%	164,3 k €	+9.0%	150,7 k €	+58.1%	95,3 k €
Operating result	306,5 k €	+358%	66,9 k €	-70.2%	225 k €	-9.2%	247,7 k €	+109%	118,7 k €	-46.9%	223,4 k €	-7.4%	241,2 k €	+27.8%	188,7 k €	+311%	46 k €	+96.5%	23,4 k €	-68.6%	74,4 k €	-43.4%	131,4 k €	-21.8%	168,1 k €	-13.2%	193,6 k €	+332%	44,8 k €	-23.8%	58,7 k €	+116%	27,2 k €	-62.8%	73,1 k €	-6.2%	77,9 k €	+97.8%	39,4 k €
Net result	197,8 k €	+1064%	17 k €	-88.6%	148,7 k €	-19.1%	183,8 k €	+125%	81,7 k €	-48.1%	157,4 k €	-5.8%	167,2 k €	+22.0%	137 k €	+444%	25,2 k €	+79.8%	14 k €	-69.3%	45,5 k €	-51.0%	92,9 k €	-8.3%	101,2 k €	-8.5%	110,6 k €	+485%	18,9 k €	-27.8%	26,2 k €	+14964%	174 €	-99.6%	39,7 k €	-25.5%	53,3 k €	+331%	12,4 k €
Balance sheet
Equity	784,1 k €	+13.5%	690,7 k €	-11.3%	778,7 k €	+5.3%	739,4 k €	+11.4%	663,5 k €	+0.1%	662,6 k €	-1.3%	671,6 k €	+0.2%	670,6 k €	-0.1%	671,5 k €	-0.8%	677,2 k €	-6.0%	720,3 k €	+5.6%	682,5 k €	+14.3%	597,3 k €	+21.2%	492,6 k €	+27.3%	386,9 k €	+8.7%	355,8 k €	+7.1%	332,1 k €	+5.6%	314,5 k €	+13.5%	277,1 k €	+26.5%	219,1 k €
Total assets	2,2 M €	-4.7%	2,3 M €	+8.9%	2,1 M €	-6.2%	2,2 M €	+12.8%	2 M €	+12.7%	1,8 M €	-2.8%	1,8 M €	+2.4%	1,8 M €	+17.0%	1,5 M €	-3.3%	1,6 M €	-0.2%	1,6 M €	+0.5%	1,6 M €	+6.6%	1,5 M €	+1.6%	1,4 M €	+7.3%	1,3 M €	+19.1%	1,1 M €	+15.5%	977 k €	-8.3%	1,1 M €	+21.8%	874,9 k €	+32.1%	662,2 k €
Cash	236,9 k €	+274%	63,4 k €	-60.4%	160,1 k €	-12.9%	183,9 k €	+4.5%	176 k €	+23.3%	142,7 k €	+18.5%	120,4 k €	+1.6%	118,6 k €	+20.4%	98,5 k €	-34.4%	150,2 k €	+32.2%	113,6 k €	-60.5%	287,8 k €	+17.2%	245,5 k €	+38.0%	177,9 k €	+69.6%	104,9 k €	+129%	45,7 k €	-21.2%	58 k €	+185%	20,4 k €	-60.8%	51,9 k €	+162%	19,8 k €
Debts	1,4 M €	-13.2%	1,6 M €	+20.5%	1,3 M €	-12.2%	1,5 M €	+13.0%	1,3 M €	+22.7%	1,1 M €	-2.6%	1,1 M €	+4.0%	1,1 M €	+28.9%	822,4 k €	-5.3%	868,2 k €	+4.1%	834,2 k €	-4.1%	869,9 k €	+1.4%	858,1 k €	-8.7%	940 k €	-1.1%	950,1 k €	+23.8%	767,5 k €	+19.9%	640,3 k €	-14.8%	751,4 k €	+25.7%	597,8 k €	+34.9%	443,1 k €
Other
Workforce	7,8 ETP	+2.6%	7,6 ETP	+2.7%	7,4 ETP	-2.6%	7,6 ETP	+2.7%	7,4 ETP	+32.1%	5,6 ETP	+47.4%	3,8 ETP	-19.1%	4,7 ETP	-6.0%	5,0 ETP	-13.8%	5,8 ETP	+9.4%	5,3 ETP	+39.5%	3,8 ETP	+18.7%	3,2 ETP	-13.5%	3,7 ETP	+5.7%	3,5 ETP	+16.7%	3,0 ETP	+20.0%	2,5 ETP	-3.8%	2,6 ETP	+8.3%	2,4 ETP	+14.3%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Collignon Collette

Mandate

Active

Duquesnoy Natacha.

Mandate

Active

M.N.P. Group

Mandate · 0842.726.595

Represented by Frankinet Pierre

Active

ND MANAGEMENT ET IMMOBILIER

Mandate · 0759.774.670

Represented by Duquesnoy Natacha

Active

Ended mandates

M.N.P. Group

Managing director · since 03 mai 2017 · until 02 mai 2023 · 0842.726.595

Represented by Pierre Frankinet

Ended

Natacha Duquesnoy

Director · since 03 mai 2017 · until 02 mai 2023

Ended

Collette Collignon

Director · since 02 mai 2017 · until 02 mai 2023

Ended

Natacha Duquesnoy

Director · since 15 octobre 2013 · until 02 mai 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2026	29/07/2025	23/07/2024	26/05/2023	02/07/2022	16/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	06/05/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	26/05/2023	French	PDF
Abridged model	31/12/2021	02/05/2022	02/07/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	04/05/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	26/06/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	12/07/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	07/07/2015	French	PDF
Abridged modelCorrection	31/12/2013	05/05/2014	09/07/2014	French	PDF
Abridged model	31/12/2013	05/05/2014	03/06/2014	German	PDF
Abridged model	31/12/2012	03/05/2013	04/07/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	29/05/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	14/06/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	04/05/2009	11/08/2009	French	PDF
Abridged model	31/12/2007	05/05/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	21/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 20 ended

Active mandates

Collignon Collette

Mandate

Active

Duquesnoy Natacha.

Mandate

Active

M.N.P. Group

Mandate · 0842.726.595

Represented by Frankinet Pierre

Active

ND MANAGEMENT ET IMMOBILIER

Mandate · 0759.774.670

Represented by Duquesnoy Natacha

Active

Ended mandates

M.N.P. Group

Managing director · since 03 mai 2017 · until 02 mai 2023 · 0842.726.595

Represented by Pierre Frankinet

Ended

Natacha Duquesnoy

Director · since 03 mai 2017 · until 02 mai 2023

Ended

Collette Collignon

Director · since 02 mai 2017 · until 02 mai 2023

Ended

Natacha Duquesnoy

Director · since 15 octobre 2013 · until 02 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates01/02/2012
DEMISSIONS, NOMINATIONS
PDF
Other18/01/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2025
Annual accounts 2025197,8 k €↑
2024
Annual accounts 202417 k €↓
2023
Annual accounts 2023148,7 k €↓
2022
Annual accounts 2022183,8 k €↑
2021
Annual accounts 202181,7 k €↓
2020
Annual accounts 2020157,4 k €↓
2019
Annual accounts 2019167,2 k €↑
2018
Annual accounts 2018137 k €↑
2017
Annual accounts 201725,2 k €↑
2016
Annual accounts 201614 k €↓
2015
Annual accounts 201545,5 k €↓
2014
Annual accounts 201492,9 k €↓
2013
Annual accounts 2013101,2 k €↓
2012
Annual accounts 2012110,6 k €↑
2011
Annual accounts 201118,9 k €↓
2010
Annual accounts 201026,2 k €↑
2009
Annual accounts 2009174 €↓
2008
Annual accounts 200839,7 k €↓
2007
Annual accounts 200753,3 k €↑
2006
Annual accounts 200612,4 k €
16/03/1965
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

Alfra

Overview

What does Alfra do?

Trend over 20 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline