ACTIVE

ALEN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-371,3 k €

+66.2% YoY

Revenue

485,5 k €

-30.7% YoY

Equity

10,8 M €

-3.3% YoY

What does ALEN do?

ALEN is a Public limited company incorporated in 1985. Its main activity is: Management consultancy activities. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.954.991

Incorporation

04/10/1985

Legal form

Public limited company

Registered office

Tulpinstraat 89
3500 Hasselt · FlandreSee on map

Contributed capital

16 388 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	485,5 k €	-30.7%	700,7 k €	-16.1%	834,9 k €	-9.8%	926,1 k €	-23.4%	1,2 M €	+9.4%	1,1 M €	-7.6%	1,2 M €	-27.2%	1,6 M €	+2.7%	1,6 M €	-9.5%	1,8 M €	-0.6%	1,8 M €	+11.6%	1,6 M €	+12.3%	1,4 M €		–		–		–		–		–		–
EBITDA	-129,9 k €	+84.5%	-837,9 k €	-228%	654,3 k €	+0.4%	651,6 k €	-31.0%	944 k €	+22.3%	772,1 k €	-44.2%	1,4 M €	+14.5%	1,2 M €	-9.1%	1,3 M €	+3.6%	1,3 M €	+7.5%	1,2 M €	+21.8%	979,6 k €	+7.2%	914 k €	+56.8%	582,9 k €	-4.5%	610,2 k €	+81.5%	336,2 k €	-24.1%	442,7 k €	+1.8%	434,8 k €	+11.5%	389,9 k €
Operating result	-270,3 k €	+73.5%	-1 M €	-321%	463 k €	+12.7%	410,7 k €	+4.7%	392,5 k €	+189%	-443,4 k €	+0.3%	-444,6 k €	-177%	577,4 k €	-17.8%	702,6 k €	+4.2%	674,2 k €	-21.1%	854,8 k €	+58.7%	538,5 k €	-0.4%	540,8 k €	+65.4%	326,9 k €	+24.4%	262,7 k €	+78.1%	147,5 k €	-49.2%	290,3 k €	+2.2%	284,1 k €	+5.7%	268,9 k €
Net result	-371,3 k €	+66.2%	-1,1 M €	-217%	939,4 k €	+101%	468,5 k €	-30.1%	670,3 k €	+103%	-22,5 M €	-4120%	-533,5 k €	-179%	672,4 k €	+115%	313,4 k €	-62.3%	832,3 k €	-44.1%	1,5 M €	+32.1%	1,1 M €	-24.8%	1,5 M €	+70.5%	879,3 k €	-73.9%	3,4 M €	+88.9%	1,8 M €	+847%	188,2 k €	-18.0%	229,5 k €	+37.7%	166,6 k €
Balance sheet
Equity	10,8 M €	-3.3%	11,2 M €	-8.9%	12,3 M €	-14.4%	14,4 M €	+3.4%	13,9 M €	+5.1%	13,2 M €	-62.6%	35,3 M €	-1.5%	35,9 M €	+1.9%	35,2 M €	+1.3%	34,7 M €	+5.5%	32,9 M €	+4.7%	31,4 M €	+3.7%	30,3 M €	+5.2%	28,8 M €	+3.1%	27,9 M €	+403%	5,5 M €	+47.3%	3,8 M €	+5.3%	3,6 M €	+6.9%	3,3 M €
Total assets	20,2 M €	-3.1%	20,9 M €	-7.2%	22,5 M €	-5.5%	23,8 M €	+7.1%	22,2 M €	-16.2%	26,5 M €	-49.3%	52,3 M €	-5.2%	55,2 M €	-1.6%	56,1 M €	+2.1%	54,9 M €	+58.9%	34,6 M €	+3.8%	33,3 M €	+2.9%	32,4 M €	+8.8%	29,7 M €	+1.0%	29,4 M €	+366%	6,3 M €	+18.9%	5,3 M €	+15.4%	4,6 M €	-6.5%	4,9 M €
Cash	48,9 k €	+37.3%	35,6 k €	-89.0%	324,3 k €	+106%	157,4 k €	+450%	28,6 k €	-8.7%	31,3 k €	+349%	7 k €	-96.1%	177 k €	+168%	66,2 k €	-42.1%	114,2 k €	-62.4%	303,6 k €	-38.9%	497 k €	-79.3%	2,4 M €	-3.6%	2,5 M €	+40.6%	1,8 M €	-34.9%	2,7 M €	+1304%	193,8 k €	-32.0%	284,9 k €	-66.4%	847,7 k €
Debts	8,9 M €	-4.4%	9,3 M €	-6.4%	9,9 M €	+6.9%	9,3 M €	+11.0%	8,3 M €	-36.1%	13,1 M €	-22.0%	16,7 M €	-12.4%	19,1 M €	-7.8%	20,7 M €	+3.5%	20 M €	+1199%	1,5 M €	-13.9%	1,8 M €	-11.0%	2 M €	+127%	886,3 k €	-39.9%	1,5 M €	+98.0%	744,1 k €	-50.2%	1,5 M €	+62.8%	918,1 k €	-37.5%	1,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 34 ended

Active mandates

Anne-Sophie Alen

Director · since 19 janvier 2026 · until 02 mai 2032

Active

Godelieve Reekmans

Managing director · since 19 janvier 2026 · until 02 mai 2032

Active

SAFAMI DELTA INVESTMENTS S.A.

Director · since 19 janvier 2026 · until 02 mai 2032 · 0676.647.551

Represented by Isabelle Alen

Active

Ended mandates

Anne-Sophie Alen

Director · since 18 décembre 2023 · until 02 mai 2025

Ended

Anne-Sophie Alen

Director · since 18 décembre 2023 · until 17 décembre 2029

Ended

Eugène Alen

Managing director · since 18 décembre 2023 · until 17 décembre 2029

Ended

Lieve Reekmans

Managing director · since 18 décembre 2023 · until 17 décembre 2029

Ended

At this address

Other companies at this address

Company	CBE no.
ALD INVEST● Active	0870.911.431
Immo Eupen● Active	0542.546.932
SAFAMI DELTA INVESTMENTS S.A.● Active	0676.647.551

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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	31/08/2026	29/08/2025	31/08/2024	31/08/2023	31/08/2022	30/09/2021
General meeting	02/05/2026	02/05/2025	02/05/2024	02/05/2023	03/05/2022	30/09/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

26 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/05/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	02/05/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	02/05/2024	31/08/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	03/05/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	31/08/2021	31/08/2021	Dutch	PDF
m120-f-p	31/12/2020	30/09/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	08/10/2020	09/10/2020	Dutch	PDF
m120-f-p	31/12/2019	08/10/2020	09/10/2020	Dutch	PDF
Full model	31/12/2018	12/07/2019	13/07/2019	Dutch	PDF
m120-f-p	31/12/2018	12/07/2019	13/07/2019	Dutch	PDF
Full model	31/12/2017	27/09/2018	28/09/2018	Dutch	PDF
m120-f-p	31/12/2017	27/09/2018	30/09/2018	Dutch	PDF
Full model	31/12/2016	13/07/2017	18/08/2017	Dutch	PDF
m120-f-p	31/12/2016	13/07/2017	18/08/2017	Dutch	PDF
Full model	31/12/2015	31/08/2016	13/09/2016	Dutch	PDF
m120-f-p	31/12/2015	31/08/2016	13/09/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/05/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	06/08/2009	Dutch	PDF

View all 26 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 34 ended

Active mandates

Anne-Sophie Alen

Director · since 19 janvier 2026 · until 02 mai 2032

Active

Godelieve Reekmans

Managing director · since 19 janvier 2026 · until 02 mai 2032

Active

SAFAMI DELTA INVESTMENTS S.A.

Director · since 19 janvier 2026 · until 02 mai 2032 · 0676.647.551

Represented by Isabelle Alen

Active

Ended mandates

Anne-Sophie Alen

Director · since 18 décembre 2023 · until 02 mai 2025

Ended

Anne-Sophie Alen

Director · since 18 décembre 2023 · until 17 décembre 2029

Ended

Eugène Alen

Managing director · since 18 décembre 2023 · until 17 décembre 2029

Ended

Lieve Reekmans

Managing director · since 18 décembre 2023 · until 17 décembre 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/07/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/12/2016
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

19/01/2026
reconductionAnne-Sophie Alen — bestuurder
19/01/2026
reconductionGodelieve Reekmans — bestuurder
05/01/2026
nominationGodelieve Reekmans — gedelegeerd bestuurder
2025
Annual accounts 2025-371,3 k €↑
02/05/2025
nominationEugène Alen — gedelegeerd bestuurder
02/05/2025
nominationGodelieve Reekmans — gedelegeerd bestuurder
2024
Annual accounts 2024-1,1 M €↓
2023
Annual accounts 2023939,4 k €↑
18/12/2023
reconductionEugène ALEN — bestuurder
18/12/2023
reconductionGodelieve REEKMANS — bestuurder
18/12/2023
reconductionAnne-Sophie ALEN — bestuurder
18/12/2023
reduction_capital
2022
Annual accounts 2022468,5 k €↓
2021
Annual accounts 2021670,3 k €↑
2020
Annual accounts 2020-22,5 M €↓
2019
Annual accounts 2019-533,5 k €↓
2018
Annual accounts 2018672,4 k €↑
2017
Annual accounts 2017313,4 k €↓
2016
Annual accounts 2016832,3 k €↓
2014
Annual accounts 20141,5 M €↑
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 2011879,3 k €↓
2010
Annual accounts 20103,4 M €↑
2009
Annual accounts 20091,8 M €↑
2008
Annual accounts 2008188,2 k €↓
2007
Annual accounts 2007229,5 k €↑
2006
Annual accounts 2006166,6 k €
04/10/1985
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

ALEN

Overview

What does ALEN do?

Trend over 19 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