ACTIVE

The Future Alliance

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Financial year 2025 · closed on 31/12/2025

Net result

-112,9 k €

+15.8% YoY

Gross margin

129,2 k €

-59.4% YoY

Equity

-344,8 k €

-48.7% YoY

Workforce

5,8 ETP

-15.9% YoY

What does The Future Alliance do?

The Future Alliance is a Public limited company incorporated in 1993. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Antwerpen. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.710.302

Incorporation

27/08/1993

Legal form

Public limited company

Registered office

Terlindenhofstraat 36
2170 Antwerpen · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Activities (NACE)

74501Other professional, scientific and technical activities· main 78100Activities of employment placement agencies 78100Activities of employment placement agencies

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	129,2 k €	-59.4%	318,2 k €	-10.0%	353,5 k €		–		83,8 k €	-71.7%	295,7 k €	+12.8%	262,1 k €	+11.4%	235,3 k €	-31.5%	343,8 k €	-16.9%	413,8 k €	-14.8%	486 k €	-36.6%	766,7 k €	-6.0%	815,9 k €	-0.3%	818,4 k €	+55.6%	526,1 k €	-38.0%	848,6 k €	+61.1%	526,7 k €	+36.5%	386 k €
EBITDA	-108,5 k €	-151%	-43,3 k €	+60.3%	-109 k €	-250%	72,6 k €	+230%	-56 k €	-188%	63,9 k €	-35.0%	98,4 k €	-19.6%	122,4 k €	+264%	33,6 k €	-33.4%	50,4 k €	+1179%	3,9 k €	-95.8%	92,9 k €	-24.8%	123,6 k €	-46.7%	231,7 k €	+177%	83,8 k €	-64.6%	236,4 k €	+19.0%	198,6 k €	+30.1%	152,6 k €
Operating result	-98,2 k €	+14.7%	-115,1 k €	+7.2%	-124 k €	-281%	68,3 k €	+222%	-56,2 k €	-208%	52,1 k €	-40.1%	87,1 k €	-26.8%	118,9 k €	+447%	21,7 k €	-2.6%	22,3 k €	+173%	-30,6 k €	-179%	38,7 k €	-33.0%	57,7 k €	-67.4%	176,9 k €	+306%	43,5 k €	-76.0%	181,4 k €	+14.6%	158,2 k €	+20.8%	131 k €
Net result	-112,9 k €	+15.8%	-134,1 k €	+68.8%	-430,2 k €	-790%	62,4 k €	+219%	-52,2 k €	-274%	30 k €	-31.7%	43,8 k €	-31.2%	63,7 k €	+888%	6,5 k €	+127%	2,8 k €	+105%	-61,3 k €	-5239%	-1,1 k €	-108%	14 k €	-87.4%	111,3 k €	+2367%	4,5 k €	-96.8%	139,9 k €	+9.0%	128,4 k €	+12.7%	113,9 k €
Balance sheet
Equity	-344,8 k €	-48.7%	-231,8 k €	-137%	-97,7 k €	-129%	332,5 k €	+23.1%	270,2 k €	-5.1%	284,7 k €	+11.8%	254,7 k €	+20.8%	210,9 k €	+43.3%	147,1 k €	+4.6%	140,7 k €	+2.1%	137,8 k €	-30.8%	199,1 k €	-0.6%	200,3 k €	+7.5%	186,3 k €	+39.4%	133,6 k €	+3.5%	129,1 k €	+12.7%	114,5 k €	+0.3%	114,1 k €
Total assets	201 k €	-47.6%	383,3 k €	-31.3%	557,6 k €	-29.2%	788 k €	+31.8%	597,6 k €	-22.7%	772,7 k €	-12.6%	884,3 k €	-1.0%	892,9 k €	+7.4%	831,7 k €	-1.0%	840,4 k €	-3.2%	868,1 k €	-8.8%	952,2 k €	-4.5%	997 k €	+3.7%	961,1 k €	+6.3%	904,1 k €	-13.2%	1 M €	+161%	398,7 k €	+9.6%	363,6 k €
Cash	51,9 k €	-29.3%	73,4 k €	-49.3%	144,8 k €	+132%	62,5 k €	+94.0%	32,2 k €	-58.9%	78,4 k €	-26.5%	106,6 k €	+20.9%	88,2 k €	+57.8%	55,9 k €	+248%	16,1 k €	+18.3%	13,6 k €	-57.4%	31,9 k €	-76.0%	132,9 k €	+29.6%	102,5 k €	+12.0%	91,6 k €	+73.3%	52,8 k €	-52.7%	111,7 k €	+21.7%	91,7 k €
Debts	521,9 k €	-13.3%	602 k €	-6.5%	643,8 k €	+46.2%	440,4 k €	+34.5%	327,4 k €	-32.9%	487,9 k €	-22.5%	629,6 k €	-7.7%	682,1 k €	-0.4%	684,6 k €	-2.2%	699,7 k €	-3.7%	726,9 k €	-1.9%	741,2 k €	-7.0%	796,7 k €	+2.8%	774,8 k €	+0.6%	770,5 k €	-14.7%	903,3 k €	+218%	284,2 k €	+13.9%	249,5 k €
Other
Workforce	5,8 ETP	-15.9%	6,9 ETP	+3.0%	6,7 ETP	+19.6%	5,6 ETP	+143%	2,3 ETP	-41.0%	3,9 ETP	+39.3%	2,8 ETP	+27.3%	2,2 ETP	-54.2%	4,8 ETP	-28.4%	6,7 ETP	-31.6%	9,8 ETP	+2.1%	9,6 ETP	-20.7%	12,1 ETP	+27.4%	9,5 ETP	+25.0%	7,6 ETP	-23.2%	9,9 ETP	+45.6%	6,8 ETP	+21.4%	5,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 29 ended

Active mandates

MM HOLDING

Administrator - manager · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by NICOLAS DE SCHUTTER

Active

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by Andreas Pfeffer

Active

Ended mandates

MM HOLDING

Director · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by Nicolas DE SCHUTTER

Ended

MM HOLDING

bestuurder · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by NICOLAS DE SCHUTTER

Ended

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by Andreas PFEFFER

Ended

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by ANDREAS PFEFFER

Ended

At this address

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TOUR A● Active	0690.768.573

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full 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	01/01/2020
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	17/07/2026	02/07/2025	08/07/2024	05/07/2023	19/07/2022	20/07/2021
General meeting	14/07/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	14/07/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	27/04/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/04/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	27/08/2009	Dutch	PDF
Abridged model	30/09/2007	04/02/2008	13/03/2008	Dutch	PDF
Abridged model	30/09/2006	05/02/2007	10/05/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 29 ended

Active mandates

MM HOLDING

Administrator - manager · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by NICOLAS DE SCHUTTER

Active

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by Andreas Pfeffer

Active

Ended mandates

MM HOLDING

Director · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by Nicolas DE SCHUTTER

Ended

MM HOLDING

bestuurder · since 29 juillet 2021 · until 03 mai 2027 · 0554.742.901

Represented by NICOLAS DE SCHUTTER

Ended

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by Andreas PFEFFER

Ended

ReCrewtment

Managing director · since 29 juillet 2021 · until 03 mai 2027 · 0633.875.006

Represented by ANDREAS PFEFFER

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/08/2023
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office14/04/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2021
ONTSLAGEN - BENOEMINGEN
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 2025-112,9 k €↑
2024
Annual accounts 2024-134,1 k €↑
2023
Annual accounts 2023-430,2 k €↓
2022
Annual accounts 202262,4 k €↑
2021
Annual accounts 2021-52,2 k €↓
2018
Annual accounts 201830 k €↓
2017
Annual accounts 201743,8 k €↓
2016
Annual accounts 201663,7 k €↑
2015
Annual accounts 20156,5 k €↑
2014
Annual accounts 20142,8 k €↑
2013
Annual accounts 2013-61,3 k €↓
2012
Annual accounts 2012-1,1 k €↓
2011
Annual accounts 201114 k €↓
2010
Annual accounts 2010111,3 k €↑
2009
Annual accounts 20094,5 k €↓
2008
Annual accounts 2008139,9 k €↑
2008
Name changeThe Future Alliance
2007
Annual accounts 2007128,4 k €↑
2006
Annual accounts 2006113,9 k €
2006
Name changeASSOCIATED EXECUTIVE CONSULTANTS
27/08/1993
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

The Future Alliance

Overview

What does The Future Alliance do?

Trend over 18 financial years

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