A4F
0446.981.542 · rovalta.com · 21/09/2026
ACTIVE
A4F
Financial year 2025 · closed on 31/12/2025
Net result
-34,6 k €
-91.5% YoY
Gross margin
-7,6 k €
-72.9% YoY
Equity
251 k €
-12.1% YoY
Overview
What does A4F do?
A4F is a Public limited company incorporated in 1992. Its main activity is: Development of building projects. Its registered office is in Aalst.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0446.981.542
Incorporation
16/03/1992
Legal form
Public limited company
Registered office
Industrielaan 4
9320 Aalst · FlandreSee on map
9320 Aalst · FlandreSee on map
Contributed capital
810 022,01 €
Latest accounts
31/12/2025
Activities (NACE)
Available with a Rovalta subscriptionTry for 7 days
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 | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -7,6 k € | -72.9% | -4,4 k € | +63.8% | -12,2 k € | -912% | -1,2 k € | +76.7% | -5,2 k € | +72.2% | -18,6 k € | -580% | 3,9 k € | -26.3% | 5,3 k € | +168% | -7,7 k € | -88.2% | -4,1 k € | +93.5% | -62,7 k € | +15.1% | -73,8 k € | -153% | -29,2 k € | -171% | -10,8 k € | +92.0% | -134,7 k € | +44.4% | -242,4 k € | -1443% | 18 k € | +113% | -137,1 k € | -114% | 946,5 k € | +17975% | 5,2 k € |
| EBITDA | -8,6 k € | -36.9% | -6,3 k € | +52.5% | -13,2 k € | +89.7% | -128,2 k € | -2086% | -5,9 k € | +69.3% | -19,1 k € | -766% | 2,9 k € | -36.7% | 4,5 k € | +154% | -8,4 k € | -73.2% | -4,9 k € | +92.4% | -63,9 k € | -200% | 63,7 k € | +1176% | -5,9 k € | +2.4% | -6,1 k € | +95.6% | -137,5 k € | +11.6% | -155,5 k € | -762% | 23,5 k € | -37.6% | 37,7 k € | -92.5% | 502,8 k € | +12993% | 3,8 k € |
| Operating result | -8,6 k € | -36.9% | -6,3 k € | +52.5% | -13,2 k € | +89.7% | -128,2 k € | -2086% | -5,9 k € | +69.3% | -19,1 k € | -766% | 2,9 k € | -76.3% | 12,1 k € | +243% | -8,4 k € | -73.2% | -4,9 k € | +85.6% | -33,7 k € | -153% | 63,7 k € | +1051% | -6,7 k € | +84.4% | -43 k € | +68.7% | -137,5 k € | +11.6% | -155,5 k € | -762% | 23,5 k € | +201% | 7,8 k € | -98.4% | 473 k € | +1917% | -26 k € |
| Net result | -34,6 k € | -91.5% | -18 k € | -52.4% | -11,8 k € | +90.7% | -126,9 k € | -2377% | -5,1 k € | +71.2% | -17,8 k € | -492% | 4,5 k € | -61.9% | 11,9 k € | +241% | -8,4 k € | -75.2% | -4,8 k € | +85.7% | -33,7 k € | -152% | 64,3 k € | +1257% | -5,6 k € | +87.0% | -42,6 k € | +77.9% | -192,4 k € | +21.1% | -244 k € | -315% | 113,5 k € | +991% | 10,4 k € | -97.8% | 466,6 k € | +1789% | -27,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 251 k € | -12.1% | 285,5 k € | -5.9% | 303,6 k € | +459% | -84,6 k € | -300% | 42,3 k € | -10.8% | 47,4 k € | -27.3% | 65,3 k € | +7.5% | 60,7 k € | +24.5% | 48,8 k € | -14.8% | 57,2 k € | -7.8% | 62 k € | -71.2% | 215,8 k € | +42.5% | 151,5 k € | -3.5% | 157 k € | -71.4% | 549,6 k € | -25.9% | 742,1 k € | -24.7% | 986,1 k € | +6.4% | 926,6 k € | +1.1% | 916,2 k € | +104% | 449,6 k € |
| Total assets | 2,4 M € | +130% | 1,1 M € | +130% | 459,7 k € | +835% | 49,1 k € | +6.9% | 46 k € | -3.2% | 47,5 k € | -27.3% | 65,3 k € | -40.5% | 109,7 k € | +109% | 52,5 k € | -8.3% | 57,3 k € | -7.8% | 62,1 k € | -78.1% | 283,8 k € | -4.6% | 297,5 k € | -7.4% | 321,4 k € | -55.8% | 726,9 k € | -53.4% | 1,6 M € | -34.7% | 2,4 M € | -21.1% | 3 M € | -64.7% | 8,6 M € | +10.5% | 7,8 M € |
| Cash | 578,5 k € | +142% | 238,8 k € | +347% | 53,4 k € | +2980% | 1,7 k € | +547% | 268 € | -92.7% | 3,7 k € | -45.6% | 6,8 k € | -93.1% | 98,3 k € | +2758% | 3,4 k € | -64.8% | 9,8 k € | -36.7% | 15,4 k € | -88.5% | 134,5 k € | -17.2% | 162,6 k € | -13.8% | 188,6 k € | -66.9% | 569,1 k € | -15.4% | 672,6 k € | +109% | 321,5 k € | +34.3% | 239,4 k € | -43.4% | 422,8 k € | +731% | 50,9 k € |
| Debts | 2,2 M € | +183% | 772,5 k € | +395% | 156,1 k € | +16.7% | 133,7 k € | +3584% | 3,6 k € | +8471% | 42,4 € | 0.0% | 42,4 € | -99.9% | 49 k € | +1211% | 3,7 k € | +8543% | 43,3 € | -4.7% | 45,4 € | -99.9% | 68 k € | +792% | 7,6 k € | +485% | 1,3 k € | -84.3% | 8,3 k € | -98.7% | 650,2 k € | -43.4% | 1,1 M € | -37.6% | 1,8 M € | -74.6% | 7,2 M € | -1.2% | 7,3 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 32 ended
At this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Micro model | Micro model | Micro 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 | 23/06/2026 | 03/07/2025 | 26/06/2024 | 29/06/2023 | 11/07/2022 | 18/06/2021 |
| General meeting | 03/06/2026 | 04/06/2025 | 05/06/2024 | 07/06/2023 | 01/06/2022 | 02/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 03/06/2026 | 23/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 04/06/2025 | 03/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 05/06/2024 | 26/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 07/06/2023 | 29/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 01/06/2022 | 11/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 02/06/2021 | 18/06/2021 | Dutch | |
| Micro model | 31/12/2019 | 03/06/2020 | 23/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 05/06/2019 | 11/06/2019 | Dutch | |
| Micro model | 31/12/2017 | 06/06/2018 | 12/06/2018 | Dutch | |
| Micro model | 31/12/2016 | 07/06/2017 | 08/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/06/2016 | 28/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 03/06/2015 | 25/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 04/06/2014 | 30/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 05/06/2013 | 09/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 06/06/2012 | 04/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 01/06/2011 | 06/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 02/06/2010 | 25/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 03/06/2009 | 18/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 04/06/2008 | 05/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 12/06/2007 | 12/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office18/06/2025MAATSCHAPPELIJKE ZETEL
- Mandates03/02/2025ONTSLAGEN - BENOEMINGEN
- Registered office14/05/2024MAATSCHAPPELIJKE ZETEL
- Mandates11/04/2024ONTSLAGEN - BENOEMINGEN
- Capital / shares26/10/2023KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other29/12/2021STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Registered office19/09/2019MAATSCHAPPELIJKE ZETEL
- Mandates15/04/2019ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-34,6 k €↓
- 2024Annual accounts 2024-18 k €↓
- 2023Annual accounts 2023-11,8 k €↑
- 2022Annual accounts 2022-126,9 k €↓
- 2021Annual accounts 2021-5,1 k €↑
- 2020Annual accounts 2020-17,8 k €↓
- 2019Annual accounts 20194,5 k €↓
- 2018Annual accounts 201811,9 k €↑
- 2017Annual accounts 2017-8,4 k €↓
- 2016Annual accounts 2016-4,8 k €↑
- 2015Annual accounts 2015-33,7 k €↓
- 2015Name changeA4F
- 2014Annual accounts 201464,3 k €↑
- 2013Annual accounts 2013-5,6 k €↑
- 2012Annual accounts 2012-42,6 k €↑
- 2011Annual accounts 2011-192,4 k €↑
- 2010Annual accounts 2010-244 k €↓
- 2009Annual accounts 2009113,5 k €↑
- 2008Annual accounts 200810,4 k €↓
- 2007Annual accounts 2007466,6 k €↑
- 2006Annual accounts 2006-27,6 k €
- 2006Name changeIMMOBILIERE DU VIEUX TILLEUL
- 16/03/1992IncorporationPublic limited company