ACTIVE

ALLIANCE EUROPEENNE DE RECHERCHE DANS LE DOMAINE DE L'ENERGIE

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Financial year 2025 · Closed on 31/12/2025

Net result51,1 k €-82,9 %over 1 year

Gross margin1,4 M €+7,8 %over 1 year

Equity1,8 M €+3,0 %over 1 year

Workforce15,5 ETP+14,8 %over 1 year

Identity

Source · BCE/KBO

ALLIANCE EUROPEENNE DE RECHERCHE DANS LE DOMAINE DE L'ENERGIE is a International non-profit organization incorporated in 2014. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Bruxelles. It employs on average 15,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0553.779.829
Incorporation: 12/06/2014
Legal form: International non-profit organization
Registered office: Rue de Namur 72
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 15,5 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 8 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,4 M €	+7.8%	1,3 M €	+36.8%	971,5 k €	+13.1%	858,7 k €	-0.9%	866,2 k €
EBITDA	229,2 k €	-31.1%	332,7 k €	+169%	123,9 k €	-35.4%	191,7 k €	-19.8%	239,1 k €
Operating result	52,6 k €	-82.6%	301,5 k €	+189%	104,5 k €	-37.1%	166 k €	-28.2%	231,2 k €
Net result	51,1 k €	-82.9%	299,5 k €	+176%	108,4 k €	-31.8%	158,9 k €	-29.8%	226,5 k €
Balance sheet
Equity	1,8 M €	+3.0%	1,7 M €	+21.3%	1,4 M €	+8.4%	1,3 M €	+14.0%	1,1 M €
Total assets	4,3 M €	-5.1%	4,5 M €	+5.4%	4,3 M €	-4.1%	4,5 M €	+6.8%	4,2 M €
Cash	3,8 M €	-10.2%	4,2 M €	+1.9%	4,1 M €	+2.7%	4 M €	+2.9%	3,9 M €
Debts	253,7 k €	-29.4%	359,4 k €	+33.6%	269 k €	-22.6%	347,4 k €	-2.5%	356,3 k €
Other
Workforce	15,5 ETP	+14.8%	13,5 ETP	+27.4%	10,6 ETP	+7.1%	9,9 ETP	+11.2%	8,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

19 active · 45 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adel EL GAMMAL	Director
BELGIAN ENERGY RESEARCH ALLIANCE0844.441.220Represented by KATLEEN GOVAERTS	DirectorMandateended
CIEMAT - CENTRO DE INVESTIGACIONES ENERGETICAS MEDIOAMBIENTA S. Etr.Represented by Yolanda BENITO MORENO	Director
CNR - CONSIGLIO NAZIONALE DELLE RICERCHE S. Etr.Represented by Monica FABRIZIO	Director
DTU - DANMARKS TEKNISKE UNIVERSITET S. Etr.Represented by Morten JEPPESEN	Director
ENEA - AGENZIA NAZIONALE PER LE NUOVE TECHNOLOGIE L'ENERGIA S. Etr.Represented by Ezlida COSTANZO	Director
FUNDACION TECNALIA RESEARCH AN INNOVATION S. Etr.Represented by Isabel Rodríguez-Maribona Gálvez	Director
Helmholtz-Gemeinschaft Deutscher Forschungszentren eingetragener Verein0552.966.811Represented by Peter JENSEN	Director
IEN - INSTITUTE OF POWER ENGINEERING5250008761Represented by Jaroslaw HERCOG	Director
IFPEN - IFP ENERGIES NOUVELLES S. Etr.Represented by Benjamin HERZHAFT	Director
LNEG - LABORARATORIO NACIONAL DE ENERGIA E GEOLOGIA S. Etr.Represented by Teresa PONCE DE LEAO	Director
NERA - NETHERLANDS ENERGY RESEARCH ALLIANCE S. Etr.Represented by André FAAIJ	Director
RISE - RESEARCH INSTITUTES OF SWEDEN S. Etr.Represented by Henrik Svenningstorp	Director
SINTEF AS FORSKNINGSAKSJESELSKAP S. Etr.Represented by Nils A. ROKKE	Director
TNO S. Etr.Represented by Henk-Jan VINK	Director
TU WIEN S. Etr.Represented by Christian HOFFMAN	Director
UK ENERGY RESEARCH CENTRE S. Etr.Represented by JIM WATSON	Director
UNIVERSITY OF BERGEN S. Etr.Represented by Kristin GULDBRANDSEN	Director
VTT - TECHNICAL RESAERCH CENTRE OF FINLAND LTD S. Etr.Represented by TUULA MÄKINEN	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADEL EL GAMMAL	Director24/04/2019 → 24/04/2021
CARLOS ALEJALDRE	Director24/04/2019 → 24/04/2021
ERJA TURUNEN	Director24/04/2019 → 24/04/2021
EZILDA COSTANZO	Director24/04/2019 → 24/04/2021

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	07/07/2026	16/06/2025	17/07/2024	15/01/2024	02/06/2022	04/06/2021
General meeting	13/05/2026	07/05/2025	14/05/2024	04/05/2023	04/05/2022	06/05/2021
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, 8 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/05/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	07/05/2025	16/06/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	04/05/2023	15/01/2024	French	PDF
Abridged model	31/12/2021	04/05/2022	02/06/2022	French	PDF
Abridged model	31/12/2020	06/05/2021	04/06/2021	French	PDF
Abridged model	31/12/2019	05/05/2020	29/09/2020	French	PDF
Abridged model	31/12/2018	24/04/2019	19/08/2019	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

19 active · 45 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adel EL GAMMAL	Director
BELGIAN ENERGY RESEARCH ALLIANCE0844.441.220Represented by KATLEEN GOVAERTS	DirectorMandateended
CIEMAT - CENTRO DE INVESTIGACIONES ENERGETICAS MEDIOAMBIENTA S. Etr.Represented by Yolanda BENITO MORENO	Director
CNR - CONSIGLIO NAZIONALE DELLE RICERCHE S. Etr.Represented by Monica FABRIZIO	Director
DTU - DANMARKS TEKNISKE UNIVERSITET S. Etr.Represented by Morten JEPPESEN	Director
ENEA - AGENZIA NAZIONALE PER LE NUOVE TECHNOLOGIE L'ENERGIA S. Etr.Represented by Ezlida COSTANZO	Director
FUNDACION TECNALIA RESEARCH AN INNOVATION S. Etr.Represented by Isabel Rodríguez-Maribona Gálvez	Director
Helmholtz-Gemeinschaft Deutscher Forschungszentren eingetragener Verein0552.966.811Represented by Peter JENSEN	Director
IEN - INSTITUTE OF POWER ENGINEERING5250008761Represented by Jaroslaw HERCOG	Director
IFPEN - IFP ENERGIES NOUVELLES S. Etr.Represented by Benjamin HERZHAFT	Director
LNEG - LABORARATORIO NACIONAL DE ENERGIA E GEOLOGIA S. Etr.Represented by Teresa PONCE DE LEAO	Director
NERA - NETHERLANDS ENERGY RESEARCH ALLIANCE S. Etr.Represented by André FAAIJ	Director
RISE - RESEARCH INSTITUTES OF SWEDEN S. Etr.Represented by Henrik Svenningstorp	Director
SINTEF AS FORSKNINGSAKSJESELSKAP S. Etr.Represented by Nils A. ROKKE	Director
TNO S. Etr.Represented by Henk-Jan VINK	Director
TU WIEN S. Etr.Represented by Christian HOFFMAN	Director
UK ENERGY RESEARCH CENTRE S. Etr.Represented by JIM WATSON	Director
UNIVERSITY OF BERGEN S. Etr.Represented by Kristin GULDBRANDSEN	Director
VTT - TECHNICAL RESAERCH CENTRE OF FINLAND LTD S. Etr.Represented by TUULA MÄKINEN	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADEL EL GAMMAL	Director24/04/2019 → 24/04/2021
CARLOS ALEJALDRE	Director24/04/2019 → 24/04/2021
ERJA TURUNEN	Director24/04/2019 → 24/04/2021
EZILDA COSTANZO	Director24/04/2019 → 24/04/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Other13/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/04/2023
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

Filings8 filings

Mandates

KATRINE KROGH ANDERSEN

MAURITIUS CORNELIUS MARIA VAN DE SANDEN

VACLAV DOSTAL

MARIO PAOLONE

NILS ANDERS ROKKE

WALTER PER OLIVER KRAFT

EZILDA COSTANZO

KATHLEEN GOVAERTS

TOMASZ GALKA

WOLFGANG HRIBERNIK

KEITH BELL

ERJA TURUNEN

and 4 more mandates

2014201520162017201820192020202120222023202420252026

ALLIANCE EUROPEENNE DE RECHERCHE DANS LE DOMAINE DE L'ENERGIE

Rue de Namur 72, 1000 Brussels

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Namur 72, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00271048

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ALLIANCE EUROPEENNE DE RECHERCHE DANS LE DOMAINE DE L'ENERGIECurrent	accounts 2018 → 2025	Accounts 2025 · 2026-00271048

Events

2025
Annual accounts 202551,1 k €↓
2024
Annual accounts 2024299,5 k €↑
2023
Annual accounts 2023108,4 k €↓
2022
Annual accounts 2022158,9 k €↓
2021
Annual accounts 2021226,5 k €↓
2020
Annual accounts 2020275,9 k €↑
2019
Annual accounts 2019-106,2 k €↓
2018
Annual accounts 2018-95,3 k €
12/06/2014
IncorporationInternational non-profit organization

ALLIANCE EUROPEENNE DE RECHERCHE DANS LE DOMAINE DE L'ENERGIE

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