ACTIVE

ALTERFACE PROJECTS

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Financial year 2025 · Closed on 31/12/2025

Net result26,5 k €-37,2 %over 1 year

Gross margin1,6 M €+9,6 %over 1 year

Equity1,3 M €+2,1 %over 1 year

Workforce18,3 ETP-5,7 %over 1 year

Identity

Source · BCE/KBO

ALTERFACE PROJECTS is a Public limited company incorporated in 2014. Its main activity is: Manufacture of communication equipment. Its registered office is in Wavre. It employs on average 18,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0548.877.270
Incorporation: 21/03/2014
Legal form: Public limited company
Registered office: Avenue Pasteur 11
1300 Wavre · WallonieSee on map
Contributed capital: 100 000,00 €
Latest accounts: 31/12/2025
Average workforce: 18,3 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 28990Manufacture of other special-purpose machinery n.e.c.28990Manufacture of other special-purpose machinery n.e.c.93299Other amusement and recreation activities 93299Other amusement and recreation activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,6 M €	+9.6%	1,4 M €	-28.4%	2 M €	+72.3%	1,2 M €	+1380%	78,4 k €
EBITDA	157,1 k €	+156%	61,3 k €	-91.9%	760,1 k €	+266%	207,6 k €	+129%	-704,3 k €
Operating result	130,3 k €	+31.8%	98,8 k €	-86.6%	738,4 k €	+354%	162,8 k €	+121%	-762,6 k €
Net result	26,5 k €	-37.2%	42,1 k €	-93.4%	640,9 k €	+527%	102,3 k €	+113%	-794,1 k €
Balance sheet
Equity	1,3 M €	+2.1%	1,2 M €	+3.5%	1,2 M €	+113%	566,1 k €	+22.1%	463,8 k €
Total assets	2,5 M €	-16.3%	2,9 M €	-42.7%	5,1 M €	+51.4%	3,4 M €	+23.4%	2,8 M €
Cash	92,3 k €	-62.2%	244,1 k €	-54.1%	532,1 k €	-46.7%	998,6 k €	+94.2%	514,3 k €
Debts	1,2 M €	+22.6%	947,1 k €	-45.4%	1,7 M €	-34.0%	2,6 M €	+15.5%	2,3 M €
Other
Workforce	18,3 ETP	-5.7%	19,4 ETP	+14.8%	16,9 ETP	+5.6%	16,0 ETP	-7.0%	17,2 ETP

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 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Holding GeRuKo B.V.0546.764.947Represented by Rudolf Koppens	Chairman of the board of directors28/09/2017 → 17/06/2030Director21/03/2014 → 2014 accountsended
Hunter & Sable Holdings0688.859.158Represented by Stéphane Battaille	Director18/04/2018 → 17/06/2030Managing director17/06/2024 → 2024 accountsended
olharan0893.128.686Represented by Olivier Noël	Director13/04/2020 → 17/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BATTCO0545.742.685Represented by Stéphane BATAILLE	Director10/07/2017 → 18/04/2018
BOLDMOVE CORPORATION0877.321.052Represented by Benoît CORNET	Director21/03/2014 → 2019 accounts

Other companies at this address

Avenue Pasteur 11 1300 Wavre

Company	CBE no.
ALTERFACE HOLDINGS● Active	0547.974.972
Axentric● Active	0684.972.626
Hunter & Sable Holdings● Active	0688.859.158
Hunter & Sailor Real Estate● Active	0722.956.143
UNITE TVA ALTERFACE● Active	0733.938.919

Full financial information

Source · NBB

	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	23/07/2026	06/06/2025	01/07/2024	16/06/2023	01/08/2022	16/07/2021
General meeting	01/07/2026	16/05/2025	14/05/2024	23/05/2023	30/06/2022	05/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/07/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	16/05/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	23/05/2023	16/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	01/08/2022	French	PDF
Abridged model	31/12/2020	05/05/2021	16/07/2021	French	PDF
Abridged model	31/12/2019	16/06/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	19/06/2019	16/08/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	03/07/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	04/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	06/05/2015	31/08/2015	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 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Holding GeRuKo B.V.0546.764.947Represented by Rudolf Koppens	Chairman of the board of directors28/09/2017 → 17/06/2030Director21/03/2014 → 2014 accountsended
Hunter & Sable Holdings0688.859.158Represented by Stéphane Battaille	Director18/04/2018 → 17/06/2030Managing director17/06/2024 → 2024 accountsended
olharan0893.128.686Represented by Olivier Noël	Director13/04/2020 → 17/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BATTCO0545.742.685Represented by Stéphane BATAILLE	Director10/07/2017 → 18/04/2018
BOLDMOVE CORPORATION0877.321.052Represented by Benoît CORNET	Director21/03/2014 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2017
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

Filings12 filings

Mandates

olharan

Hunter & Sable Holdings

Holding GeRuKo B.V.

BATTCO

BOLDMOVE CORPORATION

EnterAction Partners LLC

Stéphane BATTAILLE

20142015201620172018201920202021202220232024202520262027202820292030

ALTERFACE PROJECTS

Avenue Pasteur 11, 1300 Wavre

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Pasteur 11, 1300 WavreCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00320235

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ALTERFACE PROJECTSCurrent	accounts 2014 → 2025	Accounts 2025 · 2026-00320235

Events

2025
Annual accounts 202526,5 k €↓
2024
Annual accounts 202442,1 k €↓
2023
Annual accounts 2023640,9 k €↑
2022
Annual accounts 2022102,3 k €↑
2021
Annual accounts 2021-794,1 k €↓
2020
Annual accounts 20202,7 k €↓
2019
Annual accounts 201958,7 k €↓
2018
Annual accounts 2018651 k €↑
2017
Annual accounts 2017305,5 k €↑
2016
Annual accounts 2016202,7 k €↓
2015
Annual accounts 2015220,6 k €↑
2014
Annual accounts 2014198,7 k €
21/03/2014
IncorporationPublic limited company

ALTERFACE PROJECTS

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline

Registered offices

Company names

Events