ACTIVE

ALTHAEA DEVELOPMENT

Financial year 2025 · Closed on 30/06/2025

Net result88 k €+82,9 %over 1 year

Gross margin180,4 k €-5,6 %over 1 year

Equity572,8 k €+3,6 %over 1 year

Identity

Source · BCE/KBO

ALTHAEA DEVELOPMENT is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Genappe.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0447.698.253
Incorporation: 26/06/1992
Legal form: Public limited company
Registered office: Rue Louis Taburiaux 7
1472 Genappe · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	180,4 k €	-5.6%	191 k €	+20.7%	158,2 k €	-0.1%	158,4 k €	+50.2%	105,5 k €
EBITDA	177,1 k €	-0.5%	178 k €	+14.1%	156,1 k €	+1.9%	153,1 k €	+51.3%	101,2 k €
Operating result	136,5 k €	-5.9%	145 k €	+17.2%	123,7 k €	+1.2%	122,2 k €	+48.6%	82,3 k €
Net result	88 k €	+82.9%	48,1 k €	-41.8%	82,7 k €	+41.6%	58,4 k €	-10.0%	64,9 k €
Balance sheet
Equity	572,8 k €	+3.6%	552,7 k €	+5.6%	523,5 k €	+18.8%	440,9 k €	+10.5%	399,1 k €
Total assets	1,1 M €	+5.3%	1 M €	+3.5%	973,7 k €	+10.2%	883,3 k €	+1.5%	870,2 k €
Cash	150 k €	+85.0%	81 k €	-15.2%	95,5 k €	+11.6%	85,6 k €	-40.1%	142,9 k €
Debts	149,4 k €	+28.3%	116,4 k €	+7.7%	108,1 k €	+7.7%	100,3 k €	-22.2%	128,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André-Yves HOUET	Managing director29/06/2021 → 27/11/2026
GAETAN HOUET	Director09/06/2017 → 27/11/2026
Marie-Francoise WILLEMS	Director29/06/2021 → 27/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André HOUET	Managing director2023 accounts
Marc MIGLIORINI	Directoruntil 09/06/2017
Marie-France WIILEMS	Director2007 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	03/02/2025	31/01/2024	31/01/2023	06/02/2022	01/02/2021
General meeting	28/11/2025	28/11/2024	27/12/2023	24/12/2022	24/12/2021	26/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	28/11/2025	29/01/2026	French	PDF
Micro model	30/06/2024	28/11/2024	03/02/2025	French	PDF
Micro model	30/06/2023	27/12/2023	31/01/2024	French	PDF
Micro model	30/06/2022	24/12/2022	31/01/2023	French	PDF
Micro model	30/06/2021	24/12/2021	06/02/2022	French	PDF
Micro model	30/06/2020	26/12/2020	01/02/2021	French	PDF
Micro model	30/06/2019	27/12/2019	10/02/2020	French	PDF
Micro model	30/06/2018	28/12/2018	13/02/2019	French	PDF
Micro model	30/06/2017	22/12/2017	12/02/2018	French	PDF
Abridged model	30/06/2016	23/12/2016	16/02/2017	French	PDF
Abridged model	30/06/2015	26/12/2015	26/01/2016	French	PDF
Abridged model	30/06/2014	26/12/2014	20/02/2015	French	PDF
Abridged model	30/06/2013	27/12/2013	28/02/2014	French	PDF
Abridged model	30/06/2012	28/12/2012	26/02/2013	French	PDF
Abridged model	30/06/2011	23/12/2011	23/02/2012	French	PDF
Abridged model	30/06/2010	24/12/2010	24/02/2011	French	PDF
Abridged model	30/06/2009	26/12/2009	18/02/2010	French	PDF
Abridged model	30/06/2008	26/12/2008	17/02/2009	French	PDF
Abridged model	30/06/2007	21/12/2007	15/02/2008	French	PDF
Abridged model	30/06/2006	22/12/2006	21/02/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André-Yves HOUET	Managing director29/06/2021 → 27/11/2026
GAETAN HOUET	Director09/06/2017 → 27/11/2026
Marie-Francoise WILLEMS	Director29/06/2021 → 27/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André HOUET	Managing director2023 accounts
Marc MIGLIORINI	Directoruntil 09/06/2017
Marie-France WIILEMS	Director2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring13/07/2021
DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/05/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates18/07/2017
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Marie-Francoise WILLEMS

GAETAN HOUET

André-Yves HOUET

André HOUET

Marie-France WIILEMS

Marc MIGLIORINI

Marie-France WILLEMS

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ALTHAEA DEVELOPMENT

Rue Louis Taburiaux 7, 1472 Vieux-Genappe

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Louis Taburiaux 7, 1472 Vieux-GenappeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00018409

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ALTHAEA DEVELOPMENTCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00018409
Althaea Development (Ancien AM consult)	accounts 2022	Accounts 2022 · 2023-00017320

Events

2025
Annual accounts 202588 k €↑
2024
Annual accounts 202448,1 k €↓
2023
Annual accounts 202382,7 k €↑
2023
Name changeALTHAEA DEVELOPMENT
2022
Annual accounts 202258,4 k €↓
2021
Annual accounts 202164,9 k €↑
2020
Annual accounts 202032,3 k €↓
2019
Annual accounts 201935,5 k €↑
2018
Annual accounts 201812,2 k €↑
2017
Annual accounts 20176,8 k €↓
2016
Annual accounts 201616,7 k €↓
2015
Annual accounts 201526,1 k €↓
2014
Annual accounts 201431,4 k €↑
2013
Annual accounts 201330,7 k €↑
2012
Annual accounts 201211,8 k €↑
2011
Annual accounts 20116,2 k €↑
2010
Annual accounts 20104,8 k €↑
2009
Annual accounts 20092,8 k €↓
2008
Annual accounts 20085,2 k €↓
2007
Annual accounts 20079,8 k €
26/06/1992
IncorporationPublic limited company

ALTHAEA DEVELOPMENT

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events