ALPHAR HEUSY
0478.219.304 · rovalta.com · 24/09/2026
ACTIVE
ALPHAR HEUSY
Financial year 2025 · closed on 31/12/2025
Net result
539,4 k €
+3329.9% YoY
Gross margin
802,7 k €
+1471.7% YoY
Equity
4,5 M €
+13.6% YoY
Workforce
0,0 ETP
Overview
What does ALPHAR HEUSY do?
ALPHAR HEUSY is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Chaudfontaine.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.219.304
Incorporation
28/08/2002
Legal form
Public limited company
Registered office
Rue des Chèvrefeuilles 16
4052 Chaudfontaine · WallonieSee on map
4052 Chaudfontaine · WallonieSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 802,7 k € | +1472% | 51,1 k € | +94.1% | 26,3 k € | -40.1% | 43,9 k € | -85.6% | 304,3 k € | +113% | 142,6 k € | -13.4% | 164,7 k € | -45.2% | 300,7 k € | +53.2% | 196,3 k € | +203% | 64,8 k € | +409% | -21 k € | -194% | 22,4 k € | -71.8% | 79,7 k € | -12.7% | 91,3 k € | -6.9% | 98,1 k € | -11.9% | 111,3 k € | – | – | – | – | ||||
| EBITDA | 787,3 k € | +2188% | 34,4 k € | +456% | 6,2 k € | -84.7% | 40,5 k € | -86.1% | 291,2 k € | +119% | 133 k € | -14.2% | 155,1 k € | -46.3% | 289,1 k € | +72.7% | 167,4 k € | +221% | 52,2 k € | +164% | -82 k € | -515% | 19,7 k € | -74.4% | 77 k € | -13.1% | 88,6 k € | -7.3% | 95,6 k € | -12.2% | 108,9 k € | -30.9% | 157,5 k € | -19.3% | 195,3 k € | +7.1% | 182,3 k € | +7.1% | 170,3 k € |
| Operating result | 731 k € | +6195% | -12 k € | +63.1% | -32,5 k € | -398% | -6,5 k € | -103% | 245,9 k € | +345% | 55,2 k € | -35.2% | 85,2 k € | -61.5% | 221,2 k € | +134% | 94,7 k € | +450% | -27,1 k € | +82.2% | -152,5 k € | -471% | -26,7 k € | -210% | 24,2 k € | -61.5% | 63 k € | -7.0% | 67,7 k € | -14.9% | 79,6 k € | +10.8% | 71,8 k € | -63.2% | 195,3 k € | +7.3% | 181,9 k € | +7.1% | 169,8 k € |
| Net result | 539,4 k € | +3330% | -16,7 k € | +60.7% | -42,5 k € | -110% | 417,6 k € | +162% | 159,7 k € | +418% | 30,8 k € | -41.5% | 52,7 k € | -72.6% | 192,3 k € | +173% | 70,3 k € | +227% | -55,5 k € | -103% | 1,8 M € | +66.9% | 1,1 M € | +3741% | -30,2 k € | -1411% | -2 k € | +22.7% | -2,6 k € | -153% | 4,9 k € | -53.5% | 10,5 k € | -88.0% | 87,7 k € | +14.5% | 76,6 k € | +10.4% | 69,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 4,5 M € | +13.6% | 4 M € | -8.5% | 4,3 M € | -1.0% | 4,4 M € | +10.5% | 4 M € | +0.2% | 4 M € | +0.8% | 3,9 M € | +1.4% | 3,9 M € | +5.2% | 3,7 M € | +2.0% | 3,6 M € | -1.5% | 3,7 M € | +100% | 1,8 M € | +150% | 730,6 k € | -4.0% | 760,8 k € | -0.3% | 762,8 k € | -0.3% | 765,4 k € | +0.6% | 760,5 k € | +1.4% | 750 k € | +13.2% | 662,3 k € | +13.1% | 585,6 k € |
| Total assets | 4,9 M € | +16.6% | 4,2 M € | -8.5% | 4,6 M € | -2.9% | 4,7 M € | +9.2% | 4,3 M € | -4.1% | 4,5 M € | +0.1% | 4,5 M € | -2.1% | 4,6 M € | +2.7% | 4,5 M € | -2.4% | 4,6 M € | -3.5% | 4,7 M € | +22.7% | 3,9 M € | +46.9% | 2,6 M € | -0.8% | 2,6 M € | +0.9% | 2,6 M € | -1.0% | 2,6 M € | +0.0% | 2,6 M € | +24.5% | 2,1 M € | +1.3% | 2,1 M € | -1.0% | 2,1 M € |
| Cash | 1,1 M € | -26.3% | 1,4 M € | -9.4% | 1,6 M € | +5.7% | 1,5 M € | +249% | 429,4 k € | +5.2% | 408,1 k € | -39.5% | 674,3 k € | -4.6% | 706,8 k € | +46.6% | 482,2 k € | -30.9% | 698,3 k € | +30.0% | 537,4 k € | +62.0% | 331,8 k € | +7009% | 4,7 k € | -5.8% | 5 k € | -72.0% | 17,7 k € | -30.4% | 25,4 k € | -43.7% | 45,1 k € | -55.9% | 102,4 k € | +18.0% | 86,8 k € | -9.2% | 95,6 k € |
| Debts | 187,5 k € | -7.1% | 202 k € | -9.9% | 224,2 k € | -29.9% | 319,7 k € | -5.8% | 339,5 k € | -36.0% | 530,4 k € | -4.8% | 557,5 k € | -21.0% | 705,7 k € | -9.0% | 775,8 k € | -18.9% | 956,6 k € | -10.1% | 1,1 M € | -47.4% | 2 M € | +7.4% | 1,9 M € | +0.6% | 1,9 M € | +1.3% | 1,8 M € | -1.8% | 1,9 M € | -0.2% | 1,9 M € | +37.0% | 1,4 M € | -4.2% | 1,4 M € | -6.0% | 1,5 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 26 ended
Active mandates
Jean-Luc MURI
ActiveKarin VAN LINTHOUT
ActiveEnded mandates
Cédric MURI
EndedCédric MURI
EndedCédric MURI
EndedSarah MURI
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0506.668.711 | |
| 0442.665.042 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged 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 | 17/03/2026 | 28/04/2025 | 18/03/2024 | 16/05/2023 | 25/05/2022 | 22/06/2021 |
| General meeting | 17/03/2026 | 18/04/2025 | 12/03/2024 | 16/05/2023 | 15/04/2022 | 31/05/2021 |
| 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 | 17/03/2026 | 17/03/2026 | French | |
| Abridged model | 31/12/2024 | 18/04/2025 | 28/04/2025 | French | |
| Abridged model | 31/12/2023 | 12/03/2024 | 18/03/2024 | French | |
| Abridged model | 31/12/2022 | 16/05/2023 | 16/05/2023 | French | |
| Abridged model | 31/12/2021 | 15/04/2022 | 25/05/2022 | French | |
| Abridged model | 31/12/2020 | 31/05/2021 | 22/06/2021 | French | |
| Abridged model | 31/12/2019 | 20/05/2020 | 07/08/2020 | French | |
| Abridged model | 31/12/2018 | 19/04/2019 | 24/07/2019 | French | |
| Abridged model | 31/12/2017 | 30/06/2018 | 24/08/2018 | French | |
| Abridged model | 31/12/2016 | 30/06/2017 | 25/08/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 16/08/2016 | French | |
| Abridged model | 31/12/2014 | 25/05/2015 | 01/06/2015 | French | |
| Abridged model | 31/12/2013 | 20/06/2014 | 29/09/2014 | French | |
| Abridged model | 31/12/2012 | 30/06/2013 | 26/08/2013 | French | |
| Abridged model | 31/12/2011 | 15/06/2012 | 31/08/2012 | French | |
| Abridged model | 31/12/2010 | 29/06/2011 | 22/07/2011 | French | |
| Full model | 31/12/2009 | 27/06/2010 | 30/07/2010 | French | |
| Full model | 31/12/2008 | 26/06/2009 | 28/07/2009 | French | |
| Full model | 31/12/2007 | 30/06/2008 | 11/07/2008 | French | |
| Full model | 31/12/2006 | 13/10/2007 | 15/10/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 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.
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 26 ended
Active mandates
Jean-Luc MURI
ActiveKarin VAN LINTHOUT
ActiveEnded mandates
Cédric MURI
EndedCédric MURI
EndedCédric MURI
EndedSarah MURI
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates28/05/2026DEMISSIONS, NOMINATIONS
- Registered office29/07/2025SIEGE SOCIAL
- Mandates21/01/2025DEMISSIONS, NOMINATIONS
- Mandates15/10/2024DEMISSIONS, NOMINATIONS
- Mandates10/06/2020DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates06/11/2018DEMISSIONS, NOMINATIONS
- Mandates28/05/2018DEMISSIONS, NOMINATIONS
- Mandates23/06/2015DEMISSIONS, NOMINATIONS
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 2025539,4 k €↑
- 2024Annual accounts 2024-16,7 k €↑
- 2023Annual accounts 2023-42,5 k €↓
- 2022Annual accounts 2022417,6 k €↑
- 2021Annual accounts 2021159,7 k €↑
- 2020Annual accounts 202030,8 k €↓
- 2019Annual accounts 201952,7 k €↓
- 2018Annual accounts 2018192,3 k €↑
- 2017Annual accounts 201770,3 k €↑
- 2016Annual accounts 2016-55,5 k €↓
- 2015Annual accounts 20151,8 M €↑
- 2014Annual accounts 20141,1 M €↑
- 2013Annual accounts 2013-30,2 k €↓
- 2012Annual accounts 2012-2 k €↑
- 2011Annual accounts 2011-2,6 k €↓
- 2010Annual accounts 20104,9 k €↓
- 2009Annual accounts 200910,5 k €↓
- 2008Annual accounts 200887,7 k €↑
- 2007Annual accounts 200776,6 k €↑
- 2006Annual accounts 200669,4 k €
- 28/08/2002IncorporationPublic limited company