ACTIVE

AHLEX

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Financial year 2025 · closed on 31/12/2025
Net result
-1,1 M €
-137.3% YoY
Revenue
2,1 M €
+37.4% YoY
Equity
-940,9 k €
-359.4% YoY
Workforce
10,5 ETP
+18.0% YoY

What does AHLEX do?

AHLEX is a Public limited company incorporated in 2019. Its main activity is: Management consultancy activities. Its registered office is in Machelen (Brab.). It employs on average 10,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.384.894
Incorporation
03/05/2019
Legal form
Public limited company
Registered office
Kompaslaan 54
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
561 500,00 €
Latest accounts
31/12/2025
Average workforce
10,5 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Joint committees (1)
  • 200
Signals
Good liquidityHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue2,1 M €1,5 M €1,2 M €761 k €1,2 M €144 k €
EBITDA-235,6 k €10,6 k €32,9 k €39,4 k €57,7 k €-88 k €
Operating result-1,2 M €-285,7 k €-188,5 k €-90,2 k €-32,8 k €-88 k €
Net result-1,1 M €-473,4 k €-244,3 k €-116,8 k €-60,8 k €-136,4 k €
Balance sheet
Equity-940,9 k €362,7 k €836,1 k €-252,4 k €-135,6 k €-74,9 k €
Total assets3,7 M €5,1 M €3 M €1,2 M €1,1 M €908 k €
Cash198,1 k €956,7 k €218,9 k €144,3 k €377,6 k €314,3 k €
Debts4,2 M €4,2 M €1,9 M €1,4 M €1,2 M €964,8 k €
Other
Workforce10,5 ETP8,9 ETP8,1 ETP5,0 ETP3,1 ETP2,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

Caroline Barbieux

Director · since 26 septembre 2025 · until 11 mai 2027

Active
Geert AERTS

Director · since 14 mai 2024 · until 11 mai 2027

Active
Hubert Flahaux

Director · since 14 mai 2024 · until 11 mai 2027

Active
Sylvie Van den Eynde

Director · since 14 mai 2024 · until 11 mai 2027

Active

Ended mandates

Provinciale Ontwikkelingsmaatschappij Vlaams-Brabant

Director · since 09 mai 2023 · until 14 mai 2024 · 0881.704.363

Represented by Steven VOLS

Ended
Christiaan CLAES

Director · since 10 mai 2022 · until 14 mai 2024

Ended
Christiaan CLAES

Director · since 10 mai 2022

Ended
Geert AERTS

Director · since 10 mai 2022 · until 14 mai 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202130/04/2019
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 months21 months
Filing date01/07/202610/06/202525/06/202419/07/202308/03/202329/06/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
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
Full modelCorrection31/12/202512/05/202601/07/2026DutchPDF
Full model31/12/202512/05/202611/06/2026DutchPDF
Full model31/12/202413/05/202510/06/2025DutchPDF
Full model31/12/202314/05/202425/06/2024DutchPDF
Full model31/12/202209/05/202319/07/2023DutchPDF
Full modelCorrection31/12/202110/05/202208/03/2023DutchPDF
Full model31/12/202110/05/202211/07/2022DutchPDF
Full model31/12/202011/05/202129/06/2021DutchPDF
Estimate

Indicative valuation

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 · 13 ended

Active mandates

Caroline Barbieux

Director · since 26 septembre 2025 · until 11 mai 2027

Active
Geert AERTS

Director · since 14 mai 2024 · until 11 mai 2027

Active
Hubert Flahaux

Director · since 14 mai 2024 · until 11 mai 2027

Active
Sylvie Van den Eynde

Director · since 14 mai 2024 · until 11 mai 2027

Active

Ended mandates

Provinciale Ontwikkelingsmaatschappij Vlaams-Brabant

Director · since 09 mai 2023 · until 14 mai 2024 · 0881.704.363

Represented by Steven VOLS

Ended
Christiaan CLAES

Director · since 10 mai 2022 · until 14 mai 2024

Ended
Christiaan CLAES

Director · since 10 mai 2022

Ended
Geert AERTS

Director · since 10 mai 2022 · until 14 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
    PDF
  • Mandates20/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/07/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates23/06/2022
    ONTSLAGEN - BENOEMINGEN
    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 2025-1,1 M €↓
  2. 2024
    Annual accounts 2024-473,4 k €↓
  3. 2024
    Name changeAHLEX
  4. 2023
    Annual accounts 2023-244,3 k €↓
  5. 2022
    Annual accounts 2022-116,8 k €↓
  6. 2021
    Annual accounts 2021-60,8 k €↑
  7. 2021
    Name changeAVIATO ACADEMY
  8. 2020
    Annual accounts 2020-136,4 k €
  9. 03/05/2019
    IncorporationPublic limited company