ACTIVE

ALFAFLEX

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Financial year 2024 · closed on 31/12/2024

Net result

2,1 M €

+22.8% YoY

Revenue

19,5 M €

-5.0% YoY

Equity

17,7 M €

+13.4% YoY

Workforce

27,3 ETP

+1.9% YoY

What does ALFAFLEX do?

ALFAFLEX is a Public limited company incorporated in 1982. Its registered office is in Mechelen. It employs on average 27,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.583.468

Incorporation

03/03/1982

Legal form

Public limited company

Registered office

Maanstraat 4
2800 Mechelen · FlandreSee on map

Contributed capital

128 950,00 €

Latest accounts

31/12/2024

Average workforce

27,3 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	19,5 M €	-5.0%	20,5 M €	-5.6%	21,7 M €	-5.4%	23 M €	+24.2%	18,5 M €	+0.3%	18,4 M €	-0.1%	18,4 M €	+6.2%	17,4 M €	+11.5%	15,6 M €		–		–		–		–		–		–		–		–		–
EBITDA	3,5 M €	+17.6%	3 M €	+5.7%	2,8 M €	-22.6%	3,7 M €	+88.1%	1,9 M €	-9.7%	2,2 M €	+0.1%	2,2 M €	+11.1%	1,9 M €	-2.6%	2 M €	-7.2%	2,1 M €	-0.4%	2,1 M €	-3.0%	2,2 M €	-4.6%	2,3 M €	+12.6%	2,1 M €	+21.0%	1,7 M €	-2.4%	1,7 M €	+57.0%	1,1 M €	+45.8%	763,2 k €
Operating result	3 M €	+19.0%	2,5 M €	+4.7%	2,4 M €	-25.8%	3,2 M €	+115%	1,5 M €	-19.6%	1,9 M €	-1.0%	1,9 M €	+9.7%	1,7 M €	-2.6%	1,7 M €	-3.6%	1,8 M €	+0.3%	1,8 M €	-3.0%	1,9 M €	-7.6%	2 M €	+19.3%	1,7 M €	+27.1%	1,3 M €	-2.5%	1,4 M €	+92.8%	709,2 k €	+99.7%	355,1 k €
Net result	2,1 M €	+22.8%	1,7 M €	+5.6%	1,6 M €	-26.3%	2,2 M €	+128%	959,7 k €	-17.5%	1,2 M €	-1.5%	1,2 M €	+17.2%	1 M €	-4.1%	1,1 M €	-6.3%	1,1 M €	-2.6%	1,2 M €	-0.8%	1,2 M €	-7.6%	1,3 M €	+22.6%	1 M €	+38.1%	742,7 k €	-6.9%	797,8 k €	+153%	315,3 k €	+204%	103,7 k €
Balance sheet
Equity	17,7 M €	+13.4%	15,6 M €	+12.3%	13,9 M €	-11.4%	15,7 M €	-1.9%	16 M €	+6.4%	15,1 M €	+8.4%	13,9 M €	+9.3%	12,7 M €	+8.6%	11,7 M €	+9.9%	10,6 M €	+11.8%	9,5 M €	+13.8%	8,4 M €	+16.1%	7,2 M €	+21.1%	6 M €	+20.8%	4,9 M €	+17.8%	4,2 M €	+23.6%	3,4 M €	+10.3%	3,1 M €
Total assets	19,1 M €	+8.8%	17,6 M €	+12.2%	15,7 M €	-11.4%	17,7 M €	+0.4%	17,6 M €	+4.8%	16,8 M €	+7.2%	15,7 M €	+7.2%	14,6 M €	+5.9%	13,8 M €	+8.7%	12,7 M €	+12.2%	11,3 M €	+2.0%	11,1 M €	+6.8%	10,4 M €	+5.7%	9,8 M €	+9.9%	9 M €	+2.9%	8,7 M €	-15.6%	10,3 M €	+1.1%	10,2 M €
Cash	6,1 M €	+30.2%	4,7 M €	+144%	1,9 M €	-58.3%	4,6 M €	-14.7%	5,4 M €	-5.9%	5,7 M €	+18.2%	4,9 M €	+45.8%	3,3 M €	+12.1%	3 M €	+31.0%	2,3 M €	+861%	236,1 k €	-38.5%	383,8 k €	+71.7%	223,6 k €	+77.0%	126,3 k €	-31.4%	184,1 k €	-1.3%	186,4 k €	-21.5%	237,4 k €	+117%	109,5 k €
Debts	1,4 M €	-28.9%	1,9 M €	+12.1%	1,7 M €	-12.0%	2 M €	+23.4%	1,6 M €	-9.3%	1,8 M €	-2.3%	1,8 M €	-6.4%	1,9 M €	-9.3%	2,1 M €	+2.9%	2,1 M €	+14.2%	1,8 M €	-26.5%	2,5 M €	-23.1%	3,2 M €	-17.8%	3,9 M €	-3.6%	4 M €	-10.8%	4,5 M €	-34.8%	6,9 M €	-2.8%	7,1 M €
Other
Workforce	27,3 ETP	+1.9%	26,8 ETP	+1.9%	26,3 ETP	+3.5%	25,4 ETP	+4.5%	24,3 ETP	-3.6%	25,2 ETP	+0.8%	25,0 ETP	-1.6%	25,4 ETP	+2.8%	24,7 ETP	-4.6%	25,9 ETP	+4.0%	24,9 ETP	-1.6%	25,3 ETP	-3.8%	26,3 ETP	+0.4%	26,2 ETP	+8.7%	24,1 ETP	-0.8%	24,3 ETP	-10.3%	27,1 ETP	+1.5%	26,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 3 ended

Active mandates

Bettina Triest

Managing director

Active

Marcella Thijs

Director

Active

Ended mandates

Bettina Triest

Director

Ended

Hubert Triest

Director

Ended

Marcella Thijs

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
ALFAFLEX GROEP● Active	1001.702.271
ARTICOM● Active	0433.128.457
TINA IMMO● Active	0429.393.561

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/09/2025	28/08/2024	06/07/2023	30/06/2022	30/08/2021	28/08/2020
General meeting	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021	29/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/05/2025	25/09/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	28/08/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	30/08/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	28/08/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	28/08/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	29/08/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	07/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	12/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	05/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2024 · 2 active · 3 ended

Active mandates

Bettina Triest

Managing director

Active

Marcella Thijs

Director

Active

Ended mandates

Bettina Triest

Director

Ended

Hubert Triest

Director

Ended

Marcella Thijs

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other02/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/03/2012
KAPITAAL - AANDELEN
PDF
Other27/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/08/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 20242,1 M €↑
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 20221,6 M €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020959,7 k €↓
2019
Annual accounts 20191,2 M €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 20171 M €↓
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20141,2 M €↓
2013
Annual accounts 20131,2 M €↓
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 20111 M €↑
2010
Annual accounts 2010742,7 k €↓
2009
Annual accounts 2009797,8 k €↑
2008
Annual accounts 2008315,3 k €↑
2007
Annual accounts 2007103,7 k €
03/03/1982
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

ALFAFLEX

Overview

What does ALFAFLEX do?

Trend over 18 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