ACTIVE

ALFIERO

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Financial year 2025 · closed on 31/12/2025

Net result

24,7 k €

-46.0% YoY

Gross margin

995,5 k €

+24.0% YoY

Equity

681,4 k €

+3.4% YoY

Workforce

11,8 ETP

-2.5% YoY

What does ALFIERO do?

ALFIERO is a Private limited company incorporated in 2017. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Seraing. It employs on average 11,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0677.676.048

Incorporation

28/06/2017

Legal form

Private limited company

Registered office

Rue du Charbonnage 44+
4100 Seraing · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

11,8 ETP

Activities (NACE)

10711Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10711Manufacture of bread; manufacture of fresh pastry goods and cakes 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores+2

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	995,5 k €	+24.0%	802,9 k €	+7.6%	746,5 k €	+14.1%	654,2 k €	+25.1%	523,1 k €	+81.8%	287,6 k €	+183%	101,6 k €	+46.0%	69,6 k €
EBITDA	287,1 k €	+52.4%	188,4 k €	-33.8%	284,8 k €	-25.0%	379,9 k €	-5.8%	403,2 k €	+130%	175,1 k €	+183%	61,8 k €	+8.4%	57 k €
Operating result	61,3 k €	+359%	-23,7 k €	-117%	140,8 k €	-52.4%	295,9 k €	+26.4%	234,1 k €	+79.1%	130,7 k €	+428%	24,7 k €	+80.6%	13,7 k €
Net result	24,7 k €	-46.0%	45,7 k €	-51.8%	94,8 k €	-55.2%	211,4 k €	+13.1%	187 k €	+90.7%	98 k €	+445%	18 k €	+42.8%	12,6 k €
Balance sheet
Equity	681,4 k €	+3.4%	658,7 k €	+7.1%	615 k €	+19.6%	514,1 k €	+72.7%	297,6 k €	+102%	147,5 k €	+243%	43 k €	+71.9%	25 k €
Total assets	2,9 M €	+17.2%	2,5 M €	-1.5%	2,5 M €	+57.1%	1,6 M €	+8.6%	1,5 M €	+201%	486,3 k €	+109%	232,7 k €	+47.2%	158,1 k €
Cash	593,9 k €	+44.2%	412 k €	-1.4%	417,7 k €	+5.0%	397,9 k €	+71.5%	232,1 k €	+86.1%	124,7 k €	+231%	37,7 k €	+143%	15,5 k €
Debts	2,2 M €	+22.2%	1,8 M €	-4.3%	1,9 M €	+75.0%	1,1 M €	-7.8%	1,2 M €	+252%	331,8 k €	+74.9%	189,8 k €	+42.6%	133,1 k €
Other
Workforce	11,8 ETP	-2.5%	12,1 ETP	-1.6%	12,3 ETP	+162%	4,7 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

SERDAR OZTURK

Director · since 27 avril 2026

Active

SERHAT OZTURK

Director · since 27 avril 2026

Active

Ended mandates

Serhat OZTURK

Director · since 28 juin 2017

Ended

Serhat OZTURK

Manager · since 28 juin 2017

Ended

Serdar OZTURK

Mandate

Ended

Serhat OZTURK

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ASTORE● Active	1004.864.174

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	14/09/2026	26/09/2025	29/08/2024	30/08/2023	26/08/2022	10/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	20/06/2022	20/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2025	18/06/2026	14/09/2026	French	PDF
Abridged model	31/12/2025	18/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	26/09/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	20/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	20/06/2021	10/08/2021	French	PDF
Micro model	31/12/2019	18/06/2020	03/08/2020	French	PDF
Micro model	31/12/2018	20/06/2019	26/08/2019	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 ended

Active mandates

SERDAR OZTURK

Director · since 27 avril 2026

Active

SERHAT OZTURK

Director · since 27 avril 2026

Active

Ended mandates

Serhat OZTURK

Director · since 28 juin 2017

Ended

Serhat OZTURK

Manager · since 28 juin 2017

Ended

Serdar OZTURK

Mandate

Ended

Serhat OZTURK

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office30/03/2018
SIEGE SOCIAL
PDF
Other30/06/2017
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202524,7 k €↓
2024
Annual accounts 202445,7 k €↓
2023
Annual accounts 202394,8 k €↓
2022
Annual accounts 2022211,4 k €↑
2021
Annual accounts 2021187 k €↑
2020
Annual accounts 202098 k €↑
2019
Annual accounts 201918 k €↑
2018
Annual accounts 201812,6 k €
28/06/2017
IncorporationPrivate 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

ALFIERO

Overview

What does ALFIERO do?

Trend over 8 financial years

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