ACTIVE

ALFI

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Financial year 2025 · closed on 31/12/2025

Net result

-65,4 k €

+60.9% YoY

Gross margin

-42,8 k €

+68.4% YoY

Equity

34,6 k €

-65.4% YoY

What does ALFI do?

ALFI is a Public limited company incorporated in 1977. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.459.987

Incorporation

03/06/1977

Legal form

Public limited company

Registered office

Avenue du Champ de Mai 14 box 36
1410 Waterloo · WallonieSee on map

Contributed capital

3 718 402,87 €

Latest accounts

31/12/2025

View the BCE/KBO Public Search record →

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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	-42,8 k €	+68.4%	-135,2 k €	-78.0%	-76 k €	+42.6%	-132,3 k €	-3000%	-4,3 k €	+69.2%	-13,8 k €	+78.5%	-64,4 k €	-91.0%	-33,7 k €	-42.2%	-23,7 k €	+8.4%	-25,9 k €	+51.6%	-53,4 k €	-287%	-13,8 k €	-214%	-4,4 k €	-111%	40,7 k €	+155%	-73,8 k €	-536%	16,9 k €	+169%	6,3 k €	+127%	-23,5 k €	-200%	23,4 k €	+16.9%	20,1 k €
EBITDA	-53,5 k €	+63.3%	-145,7 k €	-69.1%	-86,2 k €	+47.5%	-164,1 k €	-877%	-16,8 k €	+21.5%	-21,4 k €	+70.4%	-72,2 k €	-92.4%	-37,5 k €	-36.5%	-27,5 k €	+16.0%	-32,8 k €	+45.1%	-59,6 k €	-72.5%	-34,6 k €	-84.1%	-18,8 k €	-178%	24 k €	+131%	-76,9 k €	-651%	13,9 k €	+164%	5,3 k €	+116%	-32,9 k €	-282%	18,1 k €	+25.8%	14,4 k €
Operating result	-65,3 k €	+58.5%	-157,3 k €	-62.9%	-96,6 k €	+44.2%	-173 k €	-565%	-26 k €	+15.0%	-30,6 k €	+62.4%	-81,5 k €	-76.7%	-46,1 k €	-28.0%	-36 k €	+12.7%	-41,3 k €	+39.4%	-68,1 k €	-58.2%	-43,1 k €	-57.9%	-27,3 k €	-270%	16 k €	+119%	-84,9 k €	-1528%	5,9 k €	+318%	-2,7 k €	+93.4%	-41,4 k €	-527%	9,7 k €	+62.3%	6 k €
Net result	-65,4 k €	+60.9%	-167,2 k €	-77.7%	-94,1 k €	+45.3%	-172 k €	-562%	-26 k €	+13.7%	-30,1 k €	+62.9%	-81,1 k €	-78.0%	-45,5 k €	-29.3%	-35,2 k €	+12.1%	-40,1 k €	+37.2%	-63,8 k €	-80.8%	-35,3 k €	-89.5%	-18,6 k €	-205%	17,7 k €	+121%	-82,9 k €	-1079%	8,5 k €	+104%	4,2 k €	-88.5%	36,2 k €	-15.9%	43 k €	+245%	12,5 k €
Balance sheet
Equity	34,6 k €	-65.4%	100,1 k €	-62.6%	267,3 k €	-26.0%	361,4 k €	-32.2%	533,3 k €	-4.6%	559,3 k €	-5.1%	589,4 k €	-12.1%	670,5 k €	-6.4%	716 k €	-4.7%	751,2 k €	-5.1%	791,3 k €	-7.5%	855,1 k €	-4.0%	890,4 k €	-2.0%	909 k €	+2.0%	891,3 k €	-8.5%	974,3 k €	+0.9%	965,8 k €	+0.4%	961,6 k €	+3.9%	925,4 k €	+4.9%	882,4 k €
Total assets	515,2 k €	-8.4%	562,7 k €	-10.6%	629,3 k €	-15.1%	741,1 k €	-14.8%	869,8 k €	-3.5%	901,1 k €	-3.8%	936,6 k €	-6.9%	1 M €	-4.7%	1,1 M €	-3.2%	1,1 M €	-3.7%	1,1 M €	-5.3%	1,2 M €	-2.8%	1,2 M €	-1.5%	1,2 M €	+1.6%	1,2 M €	-6.3%	1,3 M €	+0.6%	1,3 M €	+0.0%	1,3 M €	-0.2%	1,3 M €	+3.3%	1,3 M €
Cash	2,8 k €	-94.1%	47,9 k €	-70.7%	163,5 k €	-39.7%	270,9 k €	-49.9%	540,4 k €		–		588,9 k €	-10.2%	655,4 k €	-6.7%	702,5 k €	-3.6%	728,6 k €	-4.1%	760 k €	-6.6%	813,7 k €	-2.9%	838 k €	+2704%	29,9 k €	+306%	7,4 k €	-78.3%	33,9 k €	+113%	15,9 k €	+10.4%	14,4 k €	-76.5%	61,4 k €	+51.2%	40,6 k €
Debts	480,6 k €	+3.9%	462,7 k €	+27.8%	362,1 k €	-4.1%	377,7 k €	+12.3%	336,5 k €	-1.5%	341,8 k €	-1.6%	347,2 k €	+3.3%	336 k €	-1.2%	340,3 k €	+0.1%	340 k €	-0.5%	341,7 k €	+0.2%	341 k €	+0.2%	340,5 k €	+0.0%	340,4 k €	+0.5%	338,6 k €	+0.1%	338,3 k €	-0.3%	339,5 k €	-1.2%	343,6 k €	-10.2%	382,5 k €	-0.3%	383,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

David Oren

Director · since 06 décembre 2021

Active

Linda Van der Steen

Director · since 06 décembre 2021

Active

Ended mandates

Daniel TONDREAU

Mandate

Ended

David Oren

Mandate

Ended

Linda Van der Steen

Mandate

Ended

Linda Van der Steend

Mandate

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	03/06/2026	03/06/2026	03/06/2026	03/06/2026	03/06/2026	05/06/2026
General meeting	03/06/2026	03/06/2026	03/06/2026	03/06/2026	03/06/2026	03/06/2026
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	31/12/2025	03/06/2026	03/06/2026	French	PDF
Micro model	31/12/2024	03/06/2026	03/06/2026	French	PDF
Micro model	31/12/2023	03/06/2026	03/06/2026	French	PDF
Micro model	31/12/2022	03/06/2026	03/06/2026	French	PDF
Micro model	31/12/2021	03/06/2026	03/06/2026	French	PDF
Abridged model	31/12/2020	03/06/2026	05/06/2026	French	PDF
Abridged model	31/12/2019	03/06/2026	04/06/2026	French	PDF
Abridged model	31/12/2018	03/06/2026	04/06/2026	French	PDF
Abridged model	31/12/2017	10/10/2018	31/10/2018	French	PDF
Abridged model	31/12/2016	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2015	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2014	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2013	15/08/2018	13/09/2018	French	PDF
Abridged model	31/12/2012	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2011	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2010	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2009	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2008	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2007	15/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2006	15/06/2018	13/09/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 2 active · 4 ended

Active mandates

David Oren

Director · since 06 décembre 2021

Active

Linda Van der Steen

Director · since 06 décembre 2021

Active

Ended mandates

Daniel TONDREAU

Mandate

Ended

David Oren

Mandate

Ended

Linda Van der Steen

Mandate

Ended

Linda Van der Steend

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office23/11/2021
SIEGE SOCIAL
PDF
Capital / shares29/10/2013
CAPITAL, ACTIONS
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 2025-65,4 k €↑
2024
Annual accounts 2024-167,2 k €↓
2023
Annual accounts 2023-94,1 k €↑
2022
Annual accounts 2022-172 k €↓
2021
Annual accounts 2021-26 k €↑
2020
Annual accounts 2020-30,1 k €↑
2019
Annual accounts 2019-81,1 k €↓
2018
Annual accounts 2018-45,5 k €↓
2017
Annual accounts 2017-35,2 k €↑
2016
Annual accounts 2016-40,1 k €↑
2015
Annual accounts 2015-63,8 k €↓
2014
Annual accounts 2014-35,3 k €↓
2013
Annual accounts 2013-18,6 k €↓
2012
Annual accounts 201217,7 k €↑
2011
Annual accounts 2011-82,9 k €↓
2010
Annual accounts 20108,5 k €↑
2009
Annual accounts 20094,2 k €↓
2008
Annual accounts 200836,2 k €↓
2007
Annual accounts 200743 k €↑
2006
Annual accounts 200612,5 k €
03/06/1977
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

ALFI

Overview

What does ALFI do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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