ACTIVE

ALTIORE (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

280,5 k €

+895.1% YoY

Revenue

5,4 M €

+19.0% YoY

Equity

-211,3 k €

+57.0% YoY

Workforce

25,8 ETP

+1.6% YoY

What does ALTIORE do?

ALTIORE is a Public limited company incorporated in 1988. Its registered office is in Herve. It employs on average 25,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.120.044

Incorporation

15/01/1988

Legal form

Public limited company

Registered office

Avenue du Parc 22
4650 Herve · WallonieSee on map

Contributed capital

209 859,82 €

Latest accounts

31/12/2025

Average workforce

25,8 ETP

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	5,4 M €	+19.0%	4,5 M €	+3.8%	4,3 M €	-8.7%	4,8 M €		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	446 k €	+161%	170,7 k €	+1.0%	169 k €	+124%	-716,2 k €	-1686%	45,2 k €	-81.4%	242,6 k €	+149%	97,4 k €	-72.8%	357,7 k €	+1265%	26,2 k €	+496%	-6,6 k €	+96.1%	-168,2 k €	-517%	40,3 k €	+303%	10 k €	+104%	-226,2 k €	-17.9%	-191,9 k €	-221%	158,6 k €	+146%	64,4 k €
Operating result	321,8 k €	+387%	66,1 k €	+1325%	-5,4 k €	+99.4%	-920,3 k €	-871%	-94,8 k €	-193%	101,8 k €	+472%	-27,4 k €	-110%	274,6 k €	+594%	-55,5 k €	+11.0%	-62,4 k €	+72.1%	-224 k €	-539%	-35,1 k €	+39.6%	-58 k €	+80.2%	-293,4 k €	-12.9%	-259,9 k €	-408%	84,3 k €	+1120%	-8,3 k €
Net result	280,5 k €	+895%	28,2 k €	+184%	-33,6 k €	+96.4%	-934,2 k €	-770%	-107,4 k €	-261%	66,9 k €	+291%	-35,1 k €	-118%	199,6 k €	+436%	-59,4 k €	-149%	120,8 k €	+173%	-165,6 k €	-798%	23,7 k €	+291%	-12,4 k €	+95.2%	-260,9 k €	-39.9%	-186,5 k €	-308%	89,7 k €	-31.4%	130,8 k €
Balance sheet
Equity	-211,3 k €	+57.0%	-491,9 k €	+5.4%	-520 k €	-12.1%	-464,1 k €	-204%	447,8 k €	-1.2%	453,4 k €	+17.3%	386,6 k €	-8.3%	421,7 k €	+144%	172,6 k €	-25.6%	232 k €	+109%	111,2 k €	-59.8%	276,8 k €	+9.4%	253,1 k €	-4.7%	265,5 k €	-49.6%	526,4 k €	-26.2%	712,9 k €	+5.9%	673,4 k €
Total assets	1,6 M €	+22.9%	1,3 M €	-23.8%	1,8 M €	-28.4%	2,5 M €	+47.6%	1,7 M €	+123%	743,2 k €	-2.9%	765,8 k €	-15.5%	906,1 k €	+45.1%	624,5 k €	-4.1%	651,5 k €	+6.6%	610,9 k €	-29.4%	864,9 k €	-9.7%	958,2 k €	+10.7%	865,5 k €	-27.0%	1,2 M €	-22.4%	1,5 M €	-4.9%	1,6 M €
Cash	144,2 k €	-38.2%	233,5 k €	-31.9%	343 k €	-3.4%	355 k €	+55.1%	229 k €	-10.4%	255,7 k €	+43.8%	177,8 k €	-52.6%	375,2 k €	+265%	102,7 k €	+23.8%	83 k €	+7.6%	77,1 k €	-63.7%	212,3 k €	-14.7%	249 k €	+1770%	13,3 k €	-76.7%	57,2 k €	-75.6%	234,3 k €	-67.6%	722,6 k €
Debts	1,7 M €	-4.6%	1,8 M €	-19.0%	2,2 M €	-23.7%	2,9 M €	+141%	1,2 M €	+314%	288,8 k €	-23.9%	379,2 k €	-21.1%	480,6 k €	+7.4%	447,4 k €	+6.7%	419,5 k €	-11.7%	475 k €	-19.1%	587 k €	-16.0%	698,7 k €	+21.6%	574,8 k €	-10.0%	638,7 k €	-17.5%	774 k €	-12.3%	882,4 k €
Other
Workforce	25,8 ETP	+1.6%	25,4 ETP	+1.6%	25,0 ETP	-14.4%	29,2 ETP	+115%	13,6 ETP	+10.6%	12,3 ETP	+0.8%	12,2 ETP	+1.7%	12,0 ETP	-1.6%	12,2 ETP	-5.4%	12,9 ETP	-19.9%	16,1 ETP	-8.0%	17,5 ETP	0.0%	17,5 ETP	-25.5%	23,5 ETP	-6.0%	25,0 ETP	-5.3%	26,4 ETP	+10.9%	23,8 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 · 3 active · 29 ended

Active mandates

INFISO

Director · 0455.069.659

Represented by Victor, Léopold BOSQUIN

Active

SOFABO

Director · 0422.978.396

Represented by Victor, Tomas BOSQUIN

Active

Taleos

Director · 0684.647.081

Represented by Nicolas THOMSIN

Active

Ended mandates

André Schoonbroodt

Managing director · since 17 mai 2016 · until 15 mai 2022

Ended

André Schoonbroodt

Managing director · since 17 mai 2016

Ended

Victor (junior) BOSQUIN

Director · since 17 mai 2016 · until 15 mai 2022

Ended

Victor Bosquin

Director · since 17 mai 2016 · until 15 mai 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	04/08/2026	08/08/2025	06/08/2024	22/08/2023	02/08/2022	31/08/2021
General meeting	18/05/2026	19/05/2025	20/05/2024	05/06/2023	10/06/2022	25/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	04/08/2026	French	PDF
Full model	31/12/2024	19/05/2025	08/08/2025	French	PDF
Full model	31/12/2023	20/05/2024	06/08/2024	French	PDF
Full model	31/12/2022	05/06/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/07/2020	16/09/2020	French	PDF
Abridged model	31/12/2018	09/05/2019	23/08/2019	French	PDF
Abridged model	31/12/2017	22/05/2018	20/06/2018	French	PDF
Abridged model	31/12/2016	15/05/2017	30/05/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	18/05/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	19/05/2014	21/05/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	21/05/2012	30/05/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	27/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	18/05/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	19/05/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	21/05/2007	23/07/2007	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 · 3 active · 29 ended

Active mandates

INFISO

Director · 0455.069.659

Represented by Victor, Léopold BOSQUIN

Active

SOFABO

Director · 0422.978.396

Represented by Victor, Tomas BOSQUIN

Active

Taleos

Director · 0684.647.081

Represented by Nicolas THOMSIN

Active

Ended mandates

André Schoonbroodt

Managing director · since 17 mai 2016 · until 15 mai 2022

Ended

André Schoonbroodt

Managing director · since 17 mai 2016

Ended

Victor (junior) BOSQUIN

Director · since 17 mai 2016 · until 15 mai 2022

Ended

Victor Bosquin

Director · since 17 mai 2016 · until 15 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other13/07/2026
—
PDF
Mandates30/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/02/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring09/03/2022
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/12/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office05/01/2021
SIEGE SOCIAL
PDF
Mandates03/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2015
DEMISSIONS, NOMINATIONS
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 2025280,5 k €↑
2024
Annual accounts 202428,2 k €↑
2023
Annual accounts 2023-33,6 k €↑
2022
Annual accounts 2022-934,2 k €↓
2022
Name changeALTIORE SA
2021
Annual accounts 2021-107,4 k €↓
2021
Name changeSI GROUP
2018
Annual accounts 201866,9 k €↑
2017
Annual accounts 2017-35,1 k €↓
2016
Annual accounts 2016199,6 k €↑
2014
Annual accounts 2014-59,4 k €↓
2013
Annual accounts 2013120,8 k €↑
2012
Annual accounts 2012-165,6 k €↓
2011
Annual accounts 201123,7 k €↑
2010
Annual accounts 2010-12,4 k €↑
2009
Annual accounts 2009-260,9 k €↓
2008
Annual accounts 2008-186,5 k €↓
2007
Annual accounts 200789,7 k €↓
2006
Annual accounts 2006130,8 k €
15/01/1988
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

ALTIORE (SA)

Overview

What does ALTIORE do?

Trend over 17 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