ACTIVE

Alter Form

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Financial year 2025 · closed on 31/12/2025

Net result

-11,8 k €

+29.0% YoY

Revenue

497 €

-100.0% YoY

Equity

-23,3 k €

-211.8% YoY

What does Alter Form do?

Alter Form is a Non-profit organization incorporated in 1988. Its main activity is: Security and investigation activities. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.766.758

Incorporation

07/06/1988

Legal form

Non-profit organization

Registered office

Rue Saint-Gilles 29
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

80421Security and investigation activities· main 85592Other education n.e.c.85592Other education n.e.c.

Joint committees (1)

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	497 €	-100.0%	1,3 M €	+105811%	1,3 k €	-50.6%	2,6 k €	+104%	1,3 k €	-15.9%	1,5 k €	-53.1%	3,2 k €	+27.4%	2,5 k €	-70.3%	8,5 k €	+18.6%	7,1 k €	+23.2%	5,8 k €	-12.5%	6,6 k €	-5.3%	7 k €	+12.0%	6,3 k €	+42.7%	4,4 k €	-30.7%	6,3 k €	-41.6%	10,8 k €	+29.2%	8,4 k €
EBITDA	-5,2 k €	+46.8%	-9,8 k €	-309%	4,7 k €	+41.6%	3,3 k €	-71.1%	11,5 k €	-42.2%	19,9 k €	+47.5%	13,5 k €	-31.5%	19,7 k €	-74.1%	76,1 k €	+800%	8,5 k €	-24.6%	11,2 k €	-54.8%	24,8 k €	+119%	11,3 k €	+183%	-13,6 k €	+69.1%	-44,1 k €	-317%	20,3 k €	-30.6%	29,2 k €	+228%	8,9 k €
Operating result	-10,6 k €	+30.2%	-15,2 k €	-2458%	644,7 €	+149%	-1,3 k €	-502%	-219 €	-102%	9,8 k €	+3460%	-290,6 €	-103%	8,6 k €	-87.3%	67,7 k €	+8671%	771,5 €	-79.8%	3,8 k €	-73.3%	14,3 k €	+1453%	-1,1 k €	+96.3%	-28,2 k €	+54.8%	-62,4 k €	-10820%	582,3 €	-94.4%	10,4 k €	+178%	-13,3 k €
Net result	-11,8 k €	+29.0%	-16,6 k €	-15969%	104,5 €	+107%	-1,5 k €	-358%	-318,7 €	-103%	9,7 k €	+2500%	-404,5 €	+25.1%	-540,4 €	-101%	67,4 k €	+7291%	911,6 €	+154%	358,3 €	+105%	-6,6 k €	-37.5%	-4,8 k €	+48.3%	-9,2 k €	+85.3%	-63 k €	-357430%	-17,6 €	-101%	2,7 k €	+114%	-19,1 k €
Balance sheet
Equity	-23,3 k €	-212%	-7,5 k €	-700%	-934 €	+10.0%	-1 k €	-347%	420,6 €	-43.1%	739,3 €	+108%	-9 k €	-4.7%	-8,6 k €	-6.7%	-8 k €	+89.4%	-75,4 k €	+1.2%	-76,3 k €	+0.5%	-76,7 k €	-9.4%	-70,1 k €	-7.3%	-65,3 k €	-16.5%	-56,1 k €	-907%	6,9 k €	-0.3%	7 k €	+61.5%	4,3 k €
Total assets	335,2 k €	-21.9%	429,1 k €	+24.2%	345,5 k €	-38.9%	565,4 k €	-6.8%	607 k €	+17.6%	516 k €	+38.3%	373,2 k €	-11.0%	419,3 k €	+8.5%	386,5 k €	+30.0%	297,3 k €	-11.9%	337,2 k €	+1.5%	332,4 k €	-20.0%	415,8 k €	+4.6%	397,5 k €	+33.5%	297,7 k €	-14.0%	346,3 k €	-18.3%	424,1 k €	-13.4%	489,5 k €
Cash	1,5 k €	-77.6%	6,6 k €	-42.4%	11,4 k €	-92.6%	154,4 k €	+1314%	10,9 k €	-92.7%	149,4 k €	+3313%	4,4 k €		–		36,7 k €	+1211%	2,8 k €	+0.1%	2,8 k €	+0.2%	2,8 k €	+0.5%	2,8 k €	-7.2%	3 k €	-22.2%	3,8 k €	+9.3%	3,5 k €	+1.1%	3,5 k €	+30.3%	2,7 k €
Debts	334 k €	-18.9%	411,9 k €	+26.7%	325 k €	-33.6%	489,3 k €	-10.3%	545,3 k €	+34.5%	405,3 k €	+20.9%	335,3 k €	+9.3%	306,8 k €	+11.8%	274,3 k €	-14.0%	319,2 k €	-17.0%	384,4 k €	+6.6%	360,6 k €	-17.4%	436,7 k €	+29.1%	338,2 k €	+5.1%	321,7 k €	+6.2%	302,8 k €	-6.7%	324,7 k €	-33.1%	485,1 k €
Other
Workforce	–		–		14,9 ETP	-6.3%	15,9 ETP	+15.2%	13,8 ETP	0.0%	13,8 ETP	0.0%	13,8 ETP	-6.1%	14,7 ETP	0.0%	14,7 ETP	0.0%	14,7 ETP	0.0%	14,7 ETP	0.0%	14,7 ETP	0.0%	14,7 ETP	+36.1%	10,8 ETP	0.0%	10,8 ETP	0.0%	10,8 ETP	0.0%	10,8 ETP	0.0%	10,8 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Administratrice JANSSENS Chantal

Mandate

Active

Damien GREGOIRE

Mandate

Active

Yves REUCHAMPS

Mandate

Active

Ended mandates

Alphonse Dewandre

Director

Ended

Anne Fontinoy

Director

Ended

Anne FONTINOY

Mandate

Ended

Chantal Janssens

Chairman of the board of directors

Ended

At this address

Other companies at this address

Company	CBE no.
Centrale de l'Habitation de l'Arrondissement de Liège● Active	0404.254.527
Centre d'Information et d'Education Populaire de Liège● Active	0837.966.568
CENTRE interculturel agora● Active	0476.800.233
COOPERATION ET SERVICES● Active	0443.627.916
Coopération et Solidarités● Active	0443.535.963
Graines de Génies● Active	0439.044.665
La Maison des Oeuvres● Active	0401.461.224
Le 37, Centre de planning et de consultation familiale et conjugale● Active	0851.128.181
Le Réseau● Liquidation	0424.492.685
Les Organisations sociales chrétiennes de Liège-Huy-Waremme● Active	0458.381.121
Secrétariat des Oeuvres sociales de Liége-Huy-Waremme● Active	0410.097.687
Vi'a Seraing● Active	0809.707.203

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	07/07/2026	17/07/2025	17/10/2024	19/07/2023	26/07/2022	06/01/2022
General meeting	22/06/2026	26/06/2025	03/06/2024	26/06/2023	13/06/2022	05/10/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	17/10/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	19/07/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	05/10/2021	06/01/2022	French	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	26/06/2018	10/10/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	13/09/2016	08/12/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	23/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	02/08/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	19/05/2009	09/09/2009	French	PDF
Abridged model	31/12/2006	26/06/2007	21/09/2007	French	PDF

Estimate

Indicative valuation

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 · 27 ended

Active mandates

Administratrice JANSSENS Chantal

Mandate

Active

Damien GREGOIRE

Mandate

Active

Yves REUCHAMPS

Mandate

Active

Ended mandates

Alphonse Dewandre

Director

Ended

Anne Fontinoy

Director

Ended

Anne FONTINOY

Mandate

Ended

Chantal Janssens

Chairman of the board of directors

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2013
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates24/07/2007
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - 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 2025-11,8 k €↑
2024
Annual accounts 2024-16,6 k €↓
2023
Annual accounts 2023104,5 €↑
2022
Annual accounts 2022-1,5 k €↓
2021
Annual accounts 2021-318,7 €↓
2020
Annual accounts 20209,7 k €↑
2019
Annual accounts 2019-404,5 €↑
2018
Annual accounts 2018-540,4 €↓
2017
Annual accounts 201767,4 k €↑
2016
Annual accounts 2016911,6 €↑
2015
Annual accounts 2015358,3 €↑
2014
Annual accounts 2014-6,6 k €↓
2013
Annual accounts 2013-4,8 k €↑
2012
Annual accounts 2012-9,2 k €↑
2011
Annual accounts 2011-63 k €↓
2010
Annual accounts 2010-17,6 €↓
2009
Annual accounts 20092,7 k €↑
2008
Annual accounts 2008-19,1 k €
07/06/1988
IncorporationNon-profit organization

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

Alter Form

Overview

What does Alter Form do?

Trend over 18 financial years

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