ACTIVE

ALCODIS

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Financial year 2025 · closed on 31/12/2025
Net result
14,4 M €
-9.5% YoY
Revenue
905,3 M €
-3.4% YoY
Equity
38,7 M €
-12.8% YoY
Workforce
6,1 ETP
-34.4% YoY

What does ALCODIS do?

ALCODIS is a Public limited company incorporated in 1989. Its registered office is in Watermael-Boitsfort. It employs on average 6,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.048.535
Incorporation
03/07/1989
Legal form
Public limited company
Registered office
Boulevard du Souverain 100
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
2 340 000,00 €
Latest accounts
31/12/2025
Average workforce
6,1 ETP
Joint committees (3)
  • 200
  • 207
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420122011201020092008
Income statement
Revenue905,3 M €936,9 M €1 Md €1,2 Md €855 M €929 M €817 M €788,4 M €842,9 M €570,5 M €433,8 M €389,8 M €496,1 M €399,9 M €345,1 M €341 M €409,5 M €
EBITDA19,7 M €20,8 M €54,9 M €37,2 M €19 M €31,9 M €18,4 M €12,9 M €16,2 M €8 M €6,8 M €3,7 M €2,2 M €7,6 M €5,1 M €-2,5 M €4,7 M €
Operating result19,4 M €21 M €54,6 M €36,9 M €18,7 M €31,7 M €18,2 M €12,8 M €16,1 M €7,9 M €6,8 M €3,6 M €2,2 M €7,6 M €5 M €-2,3 M €4,3 M €
Net result14,4 M €15,9 M €40,9 M €27,4 M €14 M €22,9 M €12,5 M €8,2 M €9,2 M €5,3 M €4,1 M €1,2 M €1,4 M €2,6 M €2,9 M €-4 M €72,6 k €
Balance sheet
Equity38,7 M €44,4 M €38,6 M €37,8 M €22,5 M €26,2 M €9,7 M €7,5 M €7,3 M €12,3 M €7,1 M €8 M €9,5 M €8,1 M €5,5 M €2,6 M €2,6 M €
Total assets99 M €79,3 M €114,3 M €132,1 M €90,6 M €120 M €114,4 M €120,7 M €104,4 M €83,7 M €111,2 M €74,8 M €112,7 M €107,7 M €92,3 M €69,1 M €77,8 M €
Cash4,9 M €13,8 M €36,1 M €9,9 M €9,6 M €18,1 M €10,4 M €8,2 M €3,4 M €2,7 M €9,5 M €5,9 M €8,6 M €4,4 M €18,9 M €8,9 M €3,2 M €
Debts60,1 M €34,7 M €75,4 M €92,2 M €66 M €91,9 M €103,5 M €111,8 M €96,7 M €69,8 M €102,5 M €65,6 M €102,9 M €95,3 M €84,8 M €65,8 M €71,4 M €
Other
Workforce6,1 ETP9,3 ETP9,5 ETP9,1 ETP8,5 ETP26,4 ETP22,2 ETP22,2 ETP22,8 ETP23,3 ETP21,6 ETP22,8 ETP15,9 ETP16,0 ETP15,7 ETP9,8 ETP9,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

GUILLAUME VERBIEST

Director · since 15 avril 2025 · until 16 avril 2031

Active
IMRE KOCSOR

Director · since 15 avril 2025 · until 16 avril 2031

Active
TransVerto

Managing director · since 15 avril 2025 · until 16 avril 2031 · 0685.662.811

Represented by Thomas VIATOUR

Active

Ended mandates

IMRE KOCSOR

Director · since 12 juillet 2022 · until 15 avril 2025

Ended
SOLIS MANAGEMENT & CONSULTING

Chairman of the board of directors · since 12 juillet 2022 · until 15 avril 2025 · 0887.070.047

Represented by Michel MEEUS

Ended
BERNARD MEEUS

Director · since 16 avril 2019 · until 20 avril 2021

Ended
BERNARD MEEUS

Director · since 16 avril 2019 · until 18 mars 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/05/202615/05/202514/05/202412/05/202319/05/202220/05/2021
General meeting21/04/202615/04/202516/04/202418/04/202319/04/202220/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202521/04/202621/05/2026FrenchPDF
Full model31/12/202415/04/202515/05/2025FrenchPDF
Full model31/12/202316/04/202414/05/2024FrenchPDF
Full model31/12/202218/04/202312/05/2023FrenchPDF
Full model31/12/202119/04/202219/05/2022FrenchPDF
Full model31/12/202020/04/202120/05/2021FrenchPDF
Full model31/12/201921/04/202017/05/2020FrenchPDF
Full model31/12/201816/04/201916/05/2019FrenchPDF
Full modelCorrection31/12/201717/04/201805/07/2018FrenchPDF
Full model31/12/201717/04/201816/05/2018FrenchPDF
Full model31/12/201618/04/201715/05/2017FrenchPDF
Full model31/12/201519/04/201617/05/2016FrenchPDF
Full model31/12/201421/04/201513/05/2015FrenchPDF
Full model31/12/201318/03/201406/05/2014FrenchPDF
Full model31/12/201219/03/201308/05/2013FrenchPDF
Full model31/12/201120/03/201207/05/2012FrenchPDF
Full model31/12/201015/03/201113/05/2011FrenchPDF
Full model31/12/200916/03/201004/05/2010FrenchPDF
Full model31/12/200817/03/200909/06/2009FrenchPDF
Full model31/12/200718/03/200807/04/2008FrenchPDF
Full model31/12/200617/04/200723/05/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 33 ended

Active mandates

GUILLAUME VERBIEST

Director · since 15 avril 2025 · until 16 avril 2031

Active
IMRE KOCSOR

Director · since 15 avril 2025 · until 16 avril 2031

Active
TransVerto

Managing director · since 15 avril 2025 · until 16 avril 2031 · 0685.662.811

Represented by Thomas VIATOUR

Active

Ended mandates

IMRE KOCSOR

Director · since 12 juillet 2022 · until 15 avril 2025

Ended
SOLIS MANAGEMENT & CONSULTING

Chairman of the board of directors · since 12 juillet 2022 · until 15 avril 2025 · 0887.070.047

Represented by Michel MEEUS

Ended
BERNARD MEEUS

Director · since 16 avril 2019 · until 20 avril 2021

Ended
BERNARD MEEUS

Director · since 16 avril 2019 · until 18 mars 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring18/06/2021
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates14/06/2021
    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

Timeline

  1. 01/05/2026
    nominationFischer & Sanders Kft. — administrateur
  2. 2025
    Annual accounts 202514,4 M €↓
  3. 15/04/2025
    nominationGuillaume Verbiest — administrateur
  4. 15/04/2025
    reconductionImre Kocsor — administrateur
  5. 15/04/2025
    reconductionTransVerto SRL — administrateur
  6. 15/04/2025
    nominationBST Réviseurs d'Entreprises — commissaire
  7. 2024
    Annual accounts 202415,9 M €↓
  8. 2023
    Annual accounts 202340,9 M €↑
  9. 2022
    Annual accounts 202227,4 M €↑
  10. 12/07/2022
    nominationImre Kocsor — administrateur
  11. 11/07/2022
    nominationMichel Meeus — Président du Conseil
  12. 19/04/2022
    reconductionBST REVISEURS D'ENTREPRISES SRL — Commissaire
  13. 2021
    Annual accounts 202114 M €↓
  14. 2020
    Annual accounts 202022,9 M €↑
  15. 2019
    Annual accounts 201912,5 M €↑
  16. 2018
    Annual accounts 20188,2 M €↓
  17. 2017
    Annual accounts 20179,2 M €↑
  18. 2016
    Annual accounts 20165,3 M €↑
  19. 2015
    Annual accounts 20154,1 M €↑
  20. 2014
    Annual accounts 20141,2 M €↓
  21. 2012
    Annual accounts 20121,4 M €↓
  22. 2011
    Annual accounts 20112,6 M €↓
  23. 2010
    Annual accounts 20102,9 M €↑
  24. 2009
    Annual accounts 2009-4 M €↓
  25. 2008
    Annual accounts 200872,6 k €
  26. 03/07/1989
    IncorporationPublic limited company