ACTIVE

ALCO

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Financial year 2025 · closed on 31/12/2025

Net result

539,5 k €

+264.5% YoY

Gross margin

755,7 k €

+257.6% YoY

Equity

1 M €

-13.8% YoY

What does ALCO do?

ALCO is a Public limited company incorporated in 1987. Its registered office is in Begijnendijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.659.214

Incorporation

12/03/1987

Legal form

Public limited company

Registered office

Soelstraat 97
3130 Begijnendijk · FlandreSee on map

Contributed capital

228 062,04 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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	755,7 k €	+258%	211,3 k €	+202%	70 k €	+5.8%	66,1 k €	+20.3%	55 k €	+16.0%	47,4 k €	-14.2%	55,2 k €	-92.6%	746,5 k €	+664%	97,7 k €	+6.8%	91,5 k €	-2.9%	94,3 k €	+7.9%	87,3 k €	-4.9%	91,9 k €	-3.3%	94,9 k €	+15.1%	82,5 k €	+16.0%	71,1 k €	-1.1%	71,9 k €	-11.3%	81 k €	-4.6%	84,9 k €	+2.4%	83 k €
EBITDA	739,8 k €	+268%	200,8 k €	+235%	59,9 k €	+5.2%	56,9 k €	+23.7%	46 k €	+19.6%	38,4 k €	-18.0%	46,9 k €	-93.6%	737,1 k €	+746%	87,1 k €	+7.4%	81,1 k €	-3.1%	83,7 k €	+8.6%	77,1 k €	-5.7%	81,7 k €	-4.0%	85,1 k €	+16.6%	72,9 k €	+18.1%	61,8 k €	-1.0%	62,4 k €	-12.9%	71,7 k €	-8.5%	78,4 k €	+2.4%	76,5 k €
Operating result	734,3 k €	+299%	184,2 k €	+289%	47,3 k €	+3.4%	45,8 k €	+30.4%	35,1 k €	+33.4%	26,3 k €	-24.3%	34,8 k €	-95.2%	725 k €	+1215%	55,1 k €	+12.8%	48,8 k €	-5.8%	51,9 k €	+12.2%	46,2 k €	-9.1%	50,9 k €	-10.8%	57 k €	+23.8%	46,1 k €	+31.5%	35 k €	+31.4%	26,7 k €	-34.7%	40,8 k €	-14.3%	47,6 k €	+24.0%	38,4 k €
Net result	539,5 k €	+264%	148 k €	+292%	37,8 k €	+1.7%	37,1 k €	+28.3%	28,9 k €	+6.7%	27,1 k €	+20.1%	22,6 k €	-95.1%	464 k €	+1256%	34,2 k €	+20.5%	28,4 k €	-5.7%	30,1 k €	-1.5%	30,6 k €	-12.9%	35,1 k €	-1.3%	35,5 k €	+28.6%	27,6 k €	+36.7%	20,2 k €	+68.2%	12 k €	-42.9%	21,1 k €	-15.8%	25 k €	+50.5%	16,6 k €
Balance sheet
Equity	1 M €	-13.8%	1,2 M €	+14.6%	1 M €	+0.4%	1 M €	-2.5%	1 M €	-3.4%	1,1 M €	+2.6%	1 M €	-0.7%	1,1 M €	+78.2%	593,1 k €	+6.1%	558,9 k €	+5.4%	530,5 k €	+6.0%	500,4 k €	+6.5%	469,8 k €	+8.1%	434,7 k €	+8.9%	399,1 k €	+7.4%	371,5 k €	+5.8%	351,3 k €	+3.5%	339,2 k €	+6.6%	318,2 k €	+8.5%	293,1 k €
Total assets	1,9 M €	+59.0%	1,2 M €	+18.4%	1 M €	+0.3%	1 M €	-2.5%	1 M €	-3.4%	1,1 M €	-0.2%	1,1 M €	+1.7%	1,1 M €	+77.0%	602,6 k €	+6.3%	567 k €	+0.8%	562,7 k €	+0.7%	558,8 k €	-2.1%	570,9 k €	-7.5%	617,4 k €	+6.0%	582,3 k €	+11.0%	524,5 k €	-5.2%	553,1 k €	-0.4%	555,5 k €	-3.9%	577,9 k €	-3.2%	597,1 k €
Cash	1,5 M €	+358%	332,2 k €	+92.6%	172,5 k €	-18.9%	212,8 k €	-6.5%	227,5 k €	-12.1%	258,8 k €	+4.3%	248,2 k €	-66.4%	739 k €	+268%	200,8 k €	+72.5%	116,4 k €	+17.0%	99,5 k €	+44.7%	68,7 k €	+24.4%	55,2 k €	-46.7%	103,6 k €	+96.3%	52,8 k €	+116%	24,5 k €	-72.1%	87,7 k €	+66.4%	52,7 k €	-45.3%	96,4 k €	+5.8%	91,1 k €
Debts	832,2 k €	+18471%	4,5 k €	+1831%	232,1 €	-73.8%	886,6 €	+31.1%	676,1 €	+57.6%	428,9 €	-98.6%	30,2 k €	+519%	4,9 k €	-4.4%	5,1 k €	+33.8%	3,8 k €	-86.4%	28 k €	-48.4%	54,2 k €	-44.0%	96,9 k €	-45.7%	178,6 k €	-0.3%	179,2 k €	+20.2%	149,2 k €	-24.7%	198 k €	-6.8%	212,5 k €	-17.0%	256,1 k €	-14.8%	300,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

Hades-M

Managing director · since 06 novembre 2025 · 0803.979.055

Represented by Maxime Geerinckx

Active

Hera-M

bestuurder · since 06 novembre 2025 · 0803.980.045

Represented by Margaux Geerinckx

Active

Geert Cockx

Managing director · since 20 juin 2022 · until 06 novembre 2025

Active

Karine Cockx

Managing director · since 20 juin 2022 · until 06 novembre 2025

Active

Ended mandates

Geert Cockx

Managing director · since 20 juin 2022 · until 20 juin 2028

Ended

Karine Cockx

Managing director · since 20 juin 2022 · until 20 juin 2028

Ended

Geert Cockx

Mandate · since 20 juin 2016 · until 20 juin 2022

Ended

Geert Cockx

Managing director · since 20 juin 2016 · until 20 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Ares-D● Active	0803.979.946
Hades-M● Active	0803.979.055
Hera-M● Active	0803.980.045
The FirMM● Active	0784.492.052

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/06/2026	18/07/2025	15/07/2024	21/06/2023	23/08/2022	16/07/2021
General meeting	22/06/2026	20/06/2025	20/06/2024	20/06/2023	20/06/2022	20/06/2021
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	22/06/2026	24/06/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	18/07/2025	Dutch	PDF
Micro modelCorrection	31/12/2023	20/06/2024	15/07/2024	Dutch	PDF
Micro model	31/12/2023	20/06/2024	02/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	21/06/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	23/08/2022	Dutch	PDF
Micro model	31/12/2020	20/06/2021	16/07/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	15/07/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	20/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 16 ended

Active mandates

Hades-M

Managing director · since 06 novembre 2025 · 0803.979.055

Represented by Maxime Geerinckx

Active

Hera-M

bestuurder · since 06 novembre 2025 · 0803.980.045

Represented by Margaux Geerinckx

Active

Geert Cockx

Managing director · since 20 juin 2022 · until 06 novembre 2025

Active

Karine Cockx

Managing director · since 20 juin 2022 · until 06 novembre 2025

Active

Ended mandates

Geert Cockx

Managing director · since 20 juin 2022 · until 20 juin 2028

Ended

Karine Cockx

Managing director · since 20 juin 2022 · until 20 juin 2028

Ended

Geert Cockx

Mandate · since 20 juin 2016 · until 20 juin 2022

Ended

Geert Cockx

Managing director · since 20 juin 2016 · until 20 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other31/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other20/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2004
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

2025
Annual accounts 2025539,5 k €↑
2024
Annual accounts 2024148 k €↑
2023
Annual accounts 202337,8 k €↑
2022
Annual accounts 202237,1 k €↑
2021
Annual accounts 202128,9 k €↑
2020
Annual accounts 202027,1 k €↑
2019
Annual accounts 201922,6 k €↓
2018
Annual accounts 2018464 k €↑
2017
Annual accounts 201734,2 k €↑
2016
Annual accounts 201628,4 k €↓
2015
Annual accounts 201530,1 k €↓
2014
Annual accounts 201430,6 k €↓
2013
Annual accounts 201335,1 k €↓
2012
Annual accounts 201235,5 k €↑
2011
Annual accounts 201127,6 k €↑
2010
Annual accounts 201020,2 k €↑
2009
Annual accounts 200912 k €↓
2008
Annual accounts 200821,1 k €↓
2007
Annual accounts 200725 k €↑
2006
Annual accounts 200616,6 k €
12/03/1987
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

ALCO

Overview

What does ALCO 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