ACTIVE

ALPHA KEY

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Financial year 2025 · closed on 31/12/2025
Net result
343,2 k €
-0.1% YoY
Gross margin
2 M €
-3.0% YoY
Equity
1,2 M €
+39.7% YoY
Workforce
14,2 ETP
0.0% YoY

What does ALPHA KEY do?

ALPHA KEY is a Public limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Etterbeek. It employs on average 14,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0507.659.495
Incorporation
22/12/2014
Legal form
Public limited company
Registered office
Avenue de Tervueren 43
1040 Etterbeek · BruxellesSee on map
Contributed capital
364 000,00 €
Latest accounts
31/12/2025
Average workforce
14,2 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232020201920182015
Income statement
Gross margin2 M €2 M €1,5 M €1,9 M €1,5 M €-25,3 k €–
EBITDA544,4 k €485,9 k €189,9 k €-47,7 k €97,9 k €-26,3 k €-26,1 k €
Operating result490,1 k €441,8 k €149,6 k €-63,3 k €97,5 k €-26,7 k €-26,6 k €
Net result343,2 k €343,4 k €101,4 k €-69,4 k €203,4 k €158,4 k €-26,8 k €
Balance sheet
Equity1,2 M €865,5 k €722,1 k €313,4 k €382,8 k €175,4 k €137,2 k €
Total assets1,6 M €1,5 M €1,3 M €968 k €1,1 M €293,9 k €289,8 k €
Cash25 k €814,8 k €39,5 k €468 k €708,1 k €247 k €24,8 k €
Debts408,5 k €626,3 k €563,5 k €654,7 k €714,1 k €118,5 k €152,4 k €
Other
Workforce14,2 ETP14,2 ETP12,4 ETP16,0 ETP13,5 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 27 ended

Active mandates

GUY SAVOIR

Director · since 30 juin 2025 · until 30 juin 2028

Active
ALAIN BRAIVE

Director · since 22 août 2024 · until 30 juin 2027

Active
SECUREX VIE

Director · since 29 juin 2023 · until 30 juin 2026 · 0422.900.402

Represented by PIERRE PRINCEN

Active
Ernst et Young Reviseurs d'Entreprises

Registered auditor · since 26 juin 2023 · until 30 juin 2026 · 0446.334.711

Represented by CHRISTEL WEYMEERSCH (IRE A 01705)

Active

Ended mandates

FILIP BAPTIST

Director · since 23 juin 2022 · until 30 juin 2025

Ended
GUY SAVOIR

Director · since 23 juin 2022 · until 30 juin 2025

Ended
SERGE WIBAUT

Director · since 23 juin 2022 · until 30 juin 2025

Ended
SECUREX VIE

Director · since 19 octobre 2020 · until 30 juin 2023 · 0422.900.402

Represented by PIERRE PRINCEN

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/06/202512/07/202411/07/202323/06/202224/06/2021
General meeting25/06/202626/06/202527/06/202429/06/202323/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202630/06/2026FrenchPDF
Abridged model31/12/202426/06/202530/06/2025FrenchPDF
Abridged model31/12/202327/06/202412/07/2024FrenchPDF
Abridged model31/12/202229/06/202311/07/2023FrenchPDF
Abridged model31/12/202123/06/202223/06/2022FrenchPDF
Abridged model31/12/202022/06/202124/06/2021FrenchPDF
Abridged model31/12/201923/06/202029/06/2020FrenchPDF
Abridged model31/12/201804/06/201905/06/2019FrenchPDF
Abridged model31/12/201719/04/201807/05/2018FrenchPDF
Abridged model31/12/201625/04/201716/05/2017FrenchPDF
Full model31/12/201521/04/201609/05/2016FrenchPDF
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.

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 · 4 active · 27 ended

Active mandates

GUY SAVOIR

Director · since 30 juin 2025 · until 30 juin 2028

Active
ALAIN BRAIVE

Director · since 22 août 2024 · until 30 juin 2027

Active
SECUREX VIE

Director · since 29 juin 2023 · until 30 juin 2026 · 0422.900.402

Represented by PIERRE PRINCEN

Active
Ernst et Young Reviseurs d'Entreprises

Registered auditor · since 26 juin 2023 · until 30 juin 2026 · 0446.334.711

Represented by CHRISTEL WEYMEERSCH (IRE A 01705)

Active

Ended mandates

FILIP BAPTIST

Director · since 23 juin 2022 · until 30 juin 2025

Ended
GUY SAVOIR

Director · since 23 juin 2022 · until 30 juin 2025

Ended
SERGE WIBAUT

Director · since 23 juin 2022 · until 30 juin 2025

Ended
SECUREX VIE

Director · since 19 octobre 2020 · until 30 juin 2023 · 0422.900.402

Represented by PIERRE PRINCEN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other17/02/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other09/12/2021
    OBJET
    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

Timeline

  1. 2025
    Annual accounts 2025343,2 k €↓
  2. 2024
    Annual accounts 2024343,4 k €↑
  3. 2023
    Annual accounts 2023101,4 k €↑
  4. 2020
    Annual accounts 2020-69,4 k €↓
  5. 2019
    Annual accounts 2019203,4 k €↑
  6. 2018
    Annual accounts 2018158,4 k €↑
  7. 2015
    Annual accounts 2015-26,8 k €
  8. 22/12/2014
    IncorporationPublic limited company