ACTIVE

ALMOFA

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Financial year 2025 · closed on 31/12/2025

Net result

96,8 k €

-42.1% YoY

Gross margin

386,2 k €

-11.6% YoY

Equity

3,2 M €

+3.1% YoY

What does ALMOFA do?

ALMOFA is a Public limited company incorporated in 1989. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.807.511

Incorporation

02/11/1989

Legal form

Public limited company

Registered office

Avenue Brugmann 407
1180 Uccle · BruxellesSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	386,2 k €	-11.6%	437 k €	+2.8%	424,9 k €	+11.8%	380,1 k €	-12.0%	431,9 k €	-2.2%	441,8 k €	-5.0%	465,2 k €	+3.5%	449,5 k €	+2.5%	438,5 k €	-1.4%	444,9 k €	-4.4%	465,4 k €	-2.1%	475,4 k €	+7.7%	441,3 k €	+19.5%	369,2 k €	+5.3%	350,7 k €	-1.4%	355,8 k €	-0.2%	356,7 k €	+13.9%	313,2 k €	+10.4%	283,7 k €
EBITDA	362 k €	-14.5%	423,6 k €	+4.2%	406,5 k €	+10.1%	369,3 k €	-13.6%	427,5 k €	+25.9%	339,4 k €	-8.9%	372,4 k €	-4.4%	389,8 k €	+0.5%	387,8 k €	-5.6%	410,8 k €	-5.8%	436,3 k €	-2.1%	445,5 k €	+8.1%	412,2 k €	+32.0%	312,2 k €	+12.1%	278,4 k €	-0.6%	280,1 k €	+5.0%	266,7 k €	+15.4%	231,1 k €	+18.2%	195,5 k €
Operating result	141,6 k €	-38.6%	230,5 k €	+3.4%	222,9 k €	+0.9%	220,9 k €	-21.7%	282,3 k €	+16.7%	241,9 k €	-11.6%	273,6 k €	-6.0%	290,9 k €	+2.4%	284,1 k €	-5.4%	300,4 k €	-6.9%	322,6 k €	-0.9%	325,4 k €	+11.0%	293,2 k €	+70.5%	171,9 k €	+73.7%	99 k €	+69.8%	58,3 k €	-53.1%	124,4 k €	+69.0%	73,6 k €	+284%	19,2 k €
Net result	96,8 k €	-42.1%	167,2 k €	-53.8%	362,1 k €	+163%	137,5 k €	-24.2%	181,4 k €	+33.0%	136,3 k €	-15.4%	161,2 k €	+3.8%	155,3 k €	+6.6%	145,7 k €	-1.5%	147,9 k €	-4.4%	154,8 k €	+7.4%	144,2 k €	+18.4%	121,7 k €	+252%	34,5 k €	+185%	-40,4 k €	-481%	-7 k €	-157%	12,3 k €	-24.1%	16,2 k €	+127%	-58,9 k €
Balance sheet
Equity	3,2 M €	+3.1%	3,1 M €	+5.7%	2,9 M €	+14.2%	2,5 M €	+5.7%	2,4 M €	+19.3%	2 M €	+7.2%	1,9 M €	+9.4%	1,7 M €	+9.9%	1,6 M €	+10.3%	1,4 M €	+11.6%	1,3 M €	+13.8%	1,1 M €	+14.8%	973,8 k €	+14.3%	852,1 k €	+4.2%	817,6 k €	-4.7%	858 k €	-0.8%	865 k €	+1.4%	852,7 k €	+1.9%	836,5 k €
Total assets	4,1 M €	+4.3%	4 M €	+1.9%	3,9 M €	-1.4%	4 M €	+0.9%	3,9 M €	+3.6%	3,8 M €	-0.3%	3,8 M €	-1.3%	3,8 M €	-1.7%	3,9 M €	-2.5%	4 M €	-1.5%	4,1 M €	-1.6%	4,1 M €	-1.7%	4,2 M €	-2.3%	4,3 M €	-0.9%	4,4 M €	-2.6%	4,5 M €	+66.3%	2,7 M €	+10.4%	2,4 M €	-2.1%	2,5 M €
Cash	8,5 k €	-60.8%	21,8 k €	+172%	8 k €	+16.2%	6,9 k €	+74.7%	3,9 k €	+719%	482 €	-97.7%	20,8 k €	+61.0%	12,9 k €	+64.0%	7,9 k €	-52.2%	16,4 k €	+45.3%	11,3 k €	-7.2%	12,2 k €	+863%	1,3 k €	-25.8%	1,7 k €	+121661%	1,4 €	-98.9%	125,5 €	-71.8%	445,2 €	-25.8%	600,1 €	-56.9%	1,4 k €
Debts	899,6 k €	+10.6%	813 k €	-11.0%	913,1 k €	-31.6%	1,3 M €	-7.6%	1,4 M €	-14.7%	1,7 M €	-8.1%	1,8 M €	-10.2%	2,1 M €	-9.8%	2,3 M €	-9.9%	2,5 M €	-7.6%	2,7 M €	-7.4%	3 M €	-6.8%	3,2 M €	-6.4%	3,4 M €	-2.3%	3,5 M €	-2.1%	3,5 M €	+102%	1,7 M €	+14.3%	1,5 M €	-5.1%	1,6 M €
Other
Workforce	–		–		–		–		–		1,5 ETP		–		1,4 ETP	+16.7%	1,2 ETP	+50.0%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-58.3%	1,2 ETP	-20.0%	1,5 ETP	-11.8%	1,7 ETP	+6.2%	1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 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 · 2 active · 10 ended

Active mandates

Alain FRENCKEN

Managing director · since 25 mai 2024 · until 24 mai 2030

Active

Bertram FRENCKEN

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Alain FRENCKEN

Managing director · since 08 mai 2019 · until 07 mai 2025

Ended

Alain FRENCKEN

Managing director · since 08 mai 2013 · until 07 mai 2019

Ended

Eugène FRENCKEN

Director · since 08 mai 2013 · until 07 mai 2019

Ended

Paulette VAN THIELEN

Director · since 08 mai 2013 · until 07 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
SOCIETE D'INVESTISSEMENTS ET DE PLACEMENTS DANS L'AGGLOMERATION BRUXELLOISE● Active	0437.221.461

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	24/09/2025	16/09/2024	31/07/2023	22/08/2022	02/07/2020
General meeting	25/05/2026	24/05/2025	24/05/2024	30/06/2023	29/06/2022	06/06/2020
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	25/05/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	24/05/2025	24/09/2025	French	PDF
Abridged model	31/12/2023	24/05/2024	16/09/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	22/08/2022	French	PDF
Abridged model	31/12/2019	06/06/2020	02/07/2020	French	PDF
Micro model	31/12/2018	14/05/2019	11/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	14/05/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	10/05/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	11/05/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	14/05/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	15/05/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	23/05/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	24/05/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	13/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	14/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	09/05/2007	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 · 2 active · 10 ended

Active mandates

Alain FRENCKEN

Managing director · since 25 mai 2024 · until 24 mai 2030

Active

Bertram FRENCKEN

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Alain FRENCKEN

Managing director · since 08 mai 2019 · until 07 mai 2025

Ended

Alain FRENCKEN

Managing director · since 08 mai 2013 · until 07 mai 2019

Ended

Eugène FRENCKEN

Director · since 08 mai 2013 · until 07 mai 2019

Ended

Paulette VAN THIELEN

Director · since 08 mai 2013 · until 07 mai 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/10/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office08/10/2007
SIEGE SOCIAL
PDF
Mandates14/09/2007
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/07/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202596,8 k €↓
2024
Annual accounts 2024167,2 k €↓
2023
Annual accounts 2023362,1 k €↑
2022
Annual accounts 2022137,5 k €↓
2021
Annual accounts 2021181,4 k €↑
2019
Annual accounts 2019136,3 k €↓
2018
Annual accounts 2018161,2 k €↑
2017
Annual accounts 2017155,3 k €↑
2016
Annual accounts 2016145,7 k €↓
2015
Annual accounts 2015147,9 k €↓
2014
Annual accounts 2014154,8 k €↑
2013
Annual accounts 2013144,2 k €↑
2012
Annual accounts 2012121,7 k €↑
2011
Annual accounts 201134,5 k €↑
2010
Annual accounts 2010-40,4 k €↓
2009
Annual accounts 2009-7 k €↓
2008
Annual accounts 200812,3 k €↓
2007
Annual accounts 200716,2 k €↑
2006
Annual accounts 2006-58,9 k €
02/11/1989
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

ALMOFA

Overview

What does ALMOFA 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