ACTIVE

Alpha Way

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Financial year 2025 · closed on 31/12/2025

Net result

-22,7 k €

-437.7% YoY

Gross margin

-408,8 €

-101.2% YoY

Equity

275,4 k €

-18.5% YoY

What does Alpha Way do?

Alpha Way is a Private limited company incorporated in 2008. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.204.603

Incorporation

17/10/2008

Legal form

Private limited company

Registered office

Rue Louis Lumière 19
1190 Forest · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-408,8 €	-101%	34,7 k €	-55.6%	78 k €	-2.6%	80,1 k €	+2.4%	78,2 k €	+198%	26,2 k €	-31.5%	38,3 k €	-39.0%	62,8 k €	+30.7%	48 k €	+16.8%	41,1 k €	+50.9%	27,3 k €	-23.9%	35,8 k €	+51.5%	23,6 k €	-33.6%	35,6 k €	-46.2%	66,1 k €	+152%	26,2 k €	-51.4%	53,9 k €
EBITDA	-9,1 k €	-138%	23,8 k €	-65.0%	68,1 k €	-14.6%	79,8 k €	+2.2%	78 k €	+258%	21,8 k €	-42.6%	38 k €	-39.1%	62,4 k €	+49.9%	41,6 k €	+3.9%	40 k €	+59.7%	25,1 k €	-28.7%	35,2 k €	+52.0%	23,1 k €	-33.8%	35 k €	-46.2%	65 k €	+152%	25,8 k €	-51.9%	53,7 k €
Operating result	-24,4 k €	-405%	8 k €	-84.5%	51,7 k €	-25.6%	69,5 k €	+12.3%	61,9 k €	+1424%	4,1 k €	-80.7%	21 k €	-55.3%	47 k €	+75.2%	26,8 k €	+20.7%	22,2 k €	+156%	8,7 k €	-65.8%	25,4 k €	+138%	10,6 k €	-48.5%	20,7 k €	-58.5%	49,8 k €	+283%	13 k €	-71.8%	46,2 k €
Net result	-22,7 k €	-438%	6,7 k €	-87.5%	53,9 k €	-1.7%	54,8 k €	+19.2%	46 k €	+831%	4,9 k €	-76.1%	20,7 k €	-44.5%	37,3 k €	+66.0%	22,4 k €	+25.4%	17,9 k €	+191%	6,2 k €	-63.2%	16,7 k €	+121%	7,6 k €	-45.2%	13,8 k €	-67.6%	42,6 k €	+558%	6,5 k €	-83.5%	39,1 k €
Balance sheet
Equity	275,4 k €	-18.5%	338,1 k €	+2.0%	331,4 k €	+19.4%	277,4 k €	+24.6%	222,6 k €	+26.1%	176,6 k €	+2.9%	171,6 k €	+3.9%	165,2 k €	+29.1%	128 k €	+21.3%	105,5 k €	+20.4%	87,6 k €	+7.6%	81,5 k €	+25.8%	64,8 k €	+13.2%	57,2 k €	+31.8%	43,4 k €	-11.1%	48,8 k €	+29.0%	37,8 k €
Total assets	278,8 k €	-18.2%	341 k €	-4.5%	356,9 k €	+17.1%	304,7 k €	+24.2%	245,3 k €	+25.8%	195,1 k €	+10.5%	176,5 k €	-3.7%	183,3 k €	+28.4%	142,7 k €	+5.3%	135,6 k €	+31.4%	103,2 k €	-22.3%	132,8 k €	+63.0%	81,5 k €	-12.8%	93,4 k €	+11.1%	84 k €	+16.1%	72,4 k €	+15.1%	62,9 k €
Cash	170,4 k €	-19.4%	211,4 k €	-10.8%	237,1 k €	+53.2%	154,8 k €	+13.3%	136,6 k €	+77.2%	77,1 k €	+17.3%	65,7 k €	+14.6%	57,3 k €	-42.0%	98,8 k €	+55.8%	63,4 k €	+37.8%	46 k €	-30.1%	65,8 k €	+67.8%	39,2 k €	+8.7%	36,1 k €	+3.2%	35 k €	-4.9%	36,8 k €	-2.2%	37,6 k €
Debts	3,4 k €	+20.6%	2,8 k €	-88.6%	24,8 k €	-9.2%	27,3 k €	+23.6%	22,1 k €	+24.0%	17,8 k €	+263%	4,9 k €	-41.9%	8,4 k €	-39.9%	14 k €	-29.6%	19,9 k €	+28.1%	15,6 k €	-66.5%	46,5 k €	+191%	16 k €	-55.8%	36,2 k €	-10.9%	40,6 k €	+77.8%	22,8 k €	-8.7%	25 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Andrej Antoni TATARCZUK

Director

Active

Ended mandates

Andrej Antoni TATARCZUK

Manager

Ended

Andrzej Antoni TATARCZUK

Manager

Ended

Lukasz KRYNSKI

Associate

Ended

Maciej WALENDZIUK

Associate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	30/06/2026	25/07/2025	10/08/2024	28/08/2023	13/07/2022	31/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	25/08/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	17/06/2025	25/07/2025	French	PDF
Micro model	31/12/2023	18/06/2024	10/08/2024	French	PDF
Micro model	31/12/2022	20/06/2023	28/08/2023	French	PDF
Micro model	31/12/2021	21/06/2022	13/07/2022	French	PDF
Micro model	31/12/2020	25/08/2021	31/08/2021	French	PDF
Micro model	31/12/2019	31/07/2020	09/09/2020	French	PDF
Micro model	31/12/2018	30/06/2019	16/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	31/07/2018	French	PDF
Micro model	31/12/2016	31/07/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	31/07/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	31/07/2013	31/12/2013	French	PDF
Abridged model	31/12/2011	31/07/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	31/08/2011	30/09/2011	French	PDF
Abridged modelCorrection	31/12/2009	31/07/2010	28/01/2011	French	PDF
Abridged model	31/12/2009	31/07/2010	31/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 6 ended

Active mandates

Andrej Antoni TATARCZUK

Director

Active

Ended mandates

Andrej Antoni TATARCZUK

Manager

Ended

Andrzej Antoni TATARCZUK

Manager

Ended

Lukasz KRYNSKI

Associate

Ended

Maciej WALENDZIUK

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2009
DEMISSIONS, NOMINATIONS
PDF
Other21/10/2008
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 2025-22,7 k €↓
2024
Annual accounts 20246,7 k €↓
2023
Annual accounts 202353,9 k €↓
2023
Name changeAlpha Way
2022
Annual accounts 202254,8 k €↑
2021
Annual accounts 202146 k €↑
2020
Annual accounts 20204,9 k €↓
2019
Annual accounts 201920,7 k €↓
2018
Annual accounts 201837,3 k €↑
2017
Annual accounts 201722,4 k €↑
2016
Annual accounts 201617,9 k €↑
2015
Annual accounts 20156,2 k €↓
2014
Annual accounts 201416,7 k €↑
2013
Annual accounts 20137,6 k €↓
2012
Annual accounts 201213,8 k €↓
2011
Annual accounts 201142,6 k €↑
2010
Annual accounts 20106,5 k €↓
2009
Annual accounts 200939,1 k €
2009
Name changeAlpha Euro Construct
17/10/2008
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

Alpha Way

Overview

What does Alpha Way do?

Trend over 17 financial years

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