ACTIVE

ALTFIVE

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Financial year 2025 · closed on 31/12/2025
Net result
122 k €
+4.9% YoY
Gross margin
166,9 k €
+4.9% YoY
Equity
20,5 k €
0.0% YoY

What does ALTFIVE do?

ALTFIVE is a Private limited company incorporated in 2018. Its main activity is: Computer programming activities. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0686.967.262
Incorporation
02/01/2018
Legal form
Private limited company
Registered office
Rue des Boers 57 box 2
1040 Etterbeek · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin166,9 k €159,1 k €147,4 k €115,3 k €128,8 k €85,1 k €100,2 k €105,8 k €
EBITDA165,8 k €158,5 k €147,3 k €115,2 k €128,6 k €84,9 k €99,7 k €105,5 k €
Operating result164,2 k €157 k €146,7 k €110,4 k €122,1 k €78,7 k €93,6 k €100,5 k €
Net result122 k €116,3 k €108,6 k €81,4 k €93,4 k €61,8 k €73,6 k €78,7 k €
Balance sheet
Equity20,5 k €20,5 k €20,5 k €20,5 k €8,1 k €218,7 k €156,9 k €84,1 k €
Total assets156,1 k €153,4 k €162,9 k €150,8 k €370,6 k €275,9 k €188,3 k €114,7 k €
Cash142 k €139,4 k €144,8 k €128,6 k €324,9 k €245 k €142,4 k €77,2 k €
Debts135,7 k €132,9 k €142,4 k €130,3 k €362,5 k €57,2 k €31,4 k €30,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Thomas Frezel

Director · since 02 janvier 2018

Active

Ended mandates

Thomas Frezel

Manager · since 02 janvier 2018

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date26/06/202615/05/202522/04/202406/07/202315/03/202230/06/2021
General meeting26/06/202615/04/202522/04/202430/06/202301/03/202201/03/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/06/202626/06/2026FrenchPDF
Micro model31/12/202415/04/202515/05/2025FrenchPDF
Micro model31/12/202322/04/202422/04/2024FrenchPDF
Micro model31/12/202230/06/202306/07/2023FrenchPDF
Micro model31/12/202101/03/202215/03/2022FrenchPDF
Micro model31/12/202001/03/202130/06/2021FrenchPDF
Micro model31/12/201911/05/202010/09/2020FrenchPDF
Micro model31/12/201801/03/201919/07/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Thomas Frezel

Director · since 02 janvier 2018

Active

Ended mandates

Thomas Frezel

Manager · since 02 janvier 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/12/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Other04/01/2018
    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

Timeline

  1. 2025
    Annual accounts 2025122 k €↑
  2. 2024
    Annual accounts 2024116,3 k €↑
  3. 2023
    Annual accounts 2023108,6 k €↑
  4. 2022
    Annual accounts 202281,4 k €↓
  5. 2021
    Annual accounts 202193,4 k €↑
  6. 2020
    Annual accounts 202061,8 k €↓
  7. 2019
    Annual accounts 201973,6 k €↓
  8. 2018
    Annual accounts 201878,7 k €
  9. 02/01/2018
    IncorporationPrivate limited company