ACTIVE

BELGALFA CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

285,9 k €

+199.1% YoY

Revenue

963,4 k €

+4.3% YoY

Equity

11,2 M €

-1.1% YoY

Workforce

0,2 ETP

-33.3% YoY

What does BELGALFA CONSTRUCT do?

BELGALFA CONSTRUCT is a Public limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Anderlecht. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.078.013

Incorporation

09/03/1990

Legal form

Public limited company

Registered office

Chaussée de Mons 1203
1070 Anderlecht · BruxellesSee on map

Contributed capital

2 479 000,00 €

Latest accounts

31/12/2025

Average workforce

0,2 ETP

Activities (NACE)

70200Management consultancy activities· main 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities 41001Construction of buildings 41201Construction of residential and non-residential buildings+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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
Revenue	963,4 k €	+4.3%	923,5 k €	-14.9%	1,1 M €	+8.5%	1 M €	+11.2%	899,1 k €	+34.2%	670,1 k €	+7.2%	625,2 k €	+1.2%	617,6 k €	-20.6%	777,9 k €	-27.3%	1,1 M €	+3.4%	1 M €	+0.4%	1 M €	+0.1%	1 M €	+1.5%	1 M €	+10.8%	915,4 k €	+5.2%	869,9 k €	-13.1%	1 M €	-10.4%	1,1 M €	+70.4%	655,1 k €	-3.8%	680,8 k €
EBITDA	-67,9 k €	-28.1%	-53 k €	-150%	106,8 k €	-42.1%	184,4 k €	+60.3%	115 k €	+222%	-94,2 k €	+38.9%	-154,3 k €	+58.1%	-368,2 k €	-988%	41,5 k €	-81.5%	224,4 k €	+31.0%	171,2 k €	+64.3%	104,2 k €	+113%	48,9 k €	+134%	-144,7 k €	-695%	-18,2 k €	-124%	75,8 k €	-95.5%	1,7 M €	+215%	530,9 k €	+69.1%	313,9 k €	+213%	100,3 k €
Operating result	-80 k €	-21.9%	-65,6 k €	-173%	90 k €	-46.1%	167,1 k €	+72.6%	96,8 k €	+182%	-118,3 k €	+36.7%	-186,9 k €	+53.5%	-402,3 k €	-6221%	6,6 k €	-96.8%	205,7 k €	+31.4%	156,6 k €	+64.6%	95,1 k €	+197%	32,1 k €	+120%	-163,5 k €	-311%	-39,8 k €	-172%	55,5 k €	-96.6%	1,7 M €	+218%	519,8 k €	+163%	197,3 k €	+1144%	-18,9 k €
Net result	285,9 k €	+199%	-288,4 k €	-147%	610,5 k €	+65.9%	368 k €	+164%	139,1 k €	+87.1%	74,4 k €	-77.7%	333,2 k €	+210%	-302,7 k €	-203%	293,5 k €	-36.8%	464,5 k €	+2.3%	454,1 k €	-39.9%	755,6 k €	+29372%	2,6 k €	-98.4%	157,7 k €	+4.9%	150,4 k €	-80.1%	753,8 k €	-73.5%	2,8 M €	+565%	426,9 k €	+370%	90,8 k €	+103%	-3,6 M €
Balance sheet
Equity	11,2 M €	-1.1%	11,3 M €	-2.5%	11,6 M €	+5.5%	11 M €	-4.0%	11,5 M €	+1.2%	11,3 M €	-2.9%	11,7 M €	+1.1%	11,6 M €	-4.2%	12,1 M €	+0.7%	12 M €	+2.2%	11,7 M €	+2.1%	11,5 M €	+5.8%	10,8 M €	+0.0%	10,8 M €	+1.5%	10,7 M €	+1.4%	10,5 M €	+7.7%	9,8 M €	+40.9%	6,9 M €	+6.6%	6,5 M €	+1.4%	6,4 M €
Total assets	17,8 M €	+16.8%	15,2 M €	-10.0%	16,9 M €	-5.4%	17,9 M €	+2.6%	17,4 M €	-0.2%	17,5 M €	-3.2%	18 M €	+17.5%	15,4 M €	-4.8%	16,1 M €	+3.5%	15,6 M €	+5.6%	14,8 M €	-3.3%	15,3 M €	+10.8%	13,8 M €	-0.1%	13,8 M €	+0.3%	13,8 M €	+0.1%	13,7 M €	+0.3%	13,7 M €	+13.8%	12 M €	+2.8%	11,7 M €	+2.1%	11,5 M €
Cash	4,6 M €	+251%	1,3 M €	-73.5%	5 M €	-18.5%	6,1 M €	+4.4%	5,9 M €	-0.3%	5,9 M €	-4.9%	6,2 M €	+85.7%	3,3 M €	+0.7%	3,3 M €	+0.1%	3,3 M €	+13.0%	2,9 M €	-10.2%	3,2 M €	+185%	1,1 M €	-8.7%	1,3 M €	+1363%	85,5 k €	-94.0%	1,4 M €	+770%	163,7 k €	-3.7%	169,9 k €	+1664%	9,6 k €	-90.2%	98,2 k €
Debts	6,6 M €	+69.2%	3,9 M €	-26.6%	5,3 M €	-23.0%	6,9 M €	+15.3%	6 M €	-2.8%	6,1 M €	-3.5%	6,4 M €	+66.7%	3,8 M €	-6.4%	4,1 M €	+42.7%	2,9 M €	+24.8%	2,3 M €	-24.9%	3 M €	+39.5%	2,2 M €	-0.9%	2,2 M €	+58.2%	1,4 M €	-10.9%	1,6 M €	-32.2%	2,3 M €	-43.1%	4 M €	-3.1%	4,2 M €	+4.3%	4 M €
Other
Workforce	0,2 ETP	-33.3%	0,3 ETP	-75.0%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-35.0%	2,0 ETP	-42.9%	3,5 ETP	-7.9%	3,8 ETP	0.0%	3,8 ETP	+26.7%	3,0 ETP	-21.1%	3,8 ETP	-20.8%	4,8 ETP	-7.7%	5,2 ETP	-8.8%	5,7 ETP	-23.0%	7,4 ETP	-17.8%	9,0 ETP	+28.6%	7,0 ETP	+16.7%	6,0 ETP	-4.8%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 43 ended

Active mandates

Georg MOSIMANN

Director · since 18 juin 2026 · until 18 juin 2029

Active

Caroline DHERTE

Director · since 19 mai 2025 · until 17 juin 2027

Active

Jean-Pierre DHERTE

Director · since 19 mai 2025 · until 18 juin 2027

Active

Odile DHERTE

Director · since 20 juin 2024 · until 20 juin 2028

Active

JADHER

Director · since 02 juillet 2019 · until 17 juin 2027 · 0833.915.532

Represented by Juliette DHERTE

Active

Ended mandates

Caroline DHERTE

Director · since 19 juin 2025 · until 17 juin 2027

Ended

Jean-Pierre DHERTE

Director · since 19 juin 2025 · until 17 juin 2026

Ended

Jean-Pierre DHERTE

Director · since 20 juin 2024 · until 20 juin 2025

Ended

Odile DHERTE

Director · since 20 juin 2024 · until 15 juin 2028

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	Full model	Full 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	31/07/2026	06/08/2025	28/08/2024	30/08/2023	05/08/2022	19/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

32 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	31/07/2026	French	PDF
Full model	31/12/2024	19/06/2025	06/08/2025	French	PDF
Full model	31/12/2023	20/06/2024	28/08/2024	French	PDF
Full model	31/12/2022	15/06/2023	30/08/2023	French	PDF
Full model	31/12/2021	16/06/2022	05/08/2022	French	PDF
Full model	31/12/2020	17/06/2021	19/08/2021	French	PDF
Full model	31/12/2019	02/07/2020	08/09/2020	French	PDF
Full model	31/12/2018	20/06/2019	28/08/2019	French	PDF
Full model	31/12/2017	21/06/2018	20/08/2018	French	PDF
m120-f-p	31/12/2017	21/06/2018	23/08/2018	French	PDF
Full model	31/12/2016	15/06/2017	17/08/2017	French	PDF
m120-f-p	31/12/2016	15/06/2017	28/08/2017	French	PDF
Full model	31/12/2015	16/06/2016	20/06/2016	French	PDF
m120-f-p	31/12/2015	16/06/2016	20/06/2016	French	PDF
Full model	31/12/2014	18/06/2015	26/08/2015	French	PDF
m120-f-p	31/12/2014	18/06/2015	26/08/2015	French	PDF
Full model	31/12/2013	13/06/2014	01/07/2014	French	PDF
m120-f-p	31/12/2013	13/06/2014	01/07/2014	French	PDF
Full model	31/12/2012	12/06/2013	27/06/2013	French	PDF
m120-f-p	31/12/2012	12/06/2013	02/07/2013	French	PDF
Full modelCorrection	31/12/2011	15/06/2012	11/07/2012	French	PDF
Full model	31/12/2011	15/06/2012	02/07/2012	French	PDF
m120-f-p	31/12/2011	15/06/2012	02/07/2012	French	PDF
Full model	31/12/2010	16/06/2011	04/07/2011	French	PDF

View all 32 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 43 ended

Active mandates

Georg MOSIMANN

Director · since 18 juin 2026 · until 18 juin 2029

Active

Caroline DHERTE

Director · since 19 mai 2025 · until 17 juin 2027

Active

Jean-Pierre DHERTE

Director · since 19 mai 2025 · until 18 juin 2027

Active

Odile DHERTE

Director · since 20 juin 2024 · until 20 juin 2028

Active

JADHER

Director · since 02 juillet 2019 · until 17 juin 2027 · 0833.915.532

Represented by Juliette DHERTE

Active

Ended mandates

Caroline DHERTE

Director · since 19 juin 2025 · until 17 juin 2027

Ended

Jean-Pierre DHERTE

Director · since 19 juin 2025 · until 17 juin 2026

Ended

Jean-Pierre DHERTE

Director · since 20 juin 2024 · until 20 juin 2025

Ended

Odile DHERTE

Director · since 20 juin 2024 · until 15 juin 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2023
DENOMINATION
PDF
Mandates16/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/10/2020
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 2025285,9 k €↑
2024
Annual accounts 2024-288,4 k €↓
2023
Annual accounts 2023610,5 k €↑
2022
Annual accounts 2022368 k €↑
2021
Annual accounts 2021139,1 k €↑
2020
Annual accounts 202074,4 k €↓
2019
Annual accounts 2019333,2 k €↑
2018
Annual accounts 2018-302,7 k €↓
2017
Annual accounts 2017293,5 k €↓
2016
Annual accounts 2016464,5 k €↑
2015
Annual accounts 2015454,1 k €↓
2014
Annual accounts 2014755,6 k €↑
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 2012157,7 k €↑
2011
Annual accounts 2011150,4 k €↓
2010
Annual accounts 2010753,8 k €↓
2009
Annual accounts 20092,8 M €↑
2008
Annual accounts 2008426,9 k €↑
2007
Annual accounts 200790,8 k €↑
2006
Annual accounts 2006-3,6 M €
09/03/1990
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

BELGALFA CONSTRUCT

Overview

What does BELGALFA CONSTRUCT 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