ACTIVE

AlfaSource

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Financial year 2025 · closed on 31/12/2025

Net result

-11 k €

-169.9% YoY

Gross margin

-7,5 k €

-133.7% YoY

Equity

25,8 k €

-30.0% YoY

What does AlfaSource do?

AlfaSource is a Private limited company incorporated in 2009. Its registered office is in Enghien.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.093.529

Incorporation

14/01/2009

Legal form

Private limited company

Registered office

Rue des Pâquerettes 14
7850 Enghien · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

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	-7,5 k €	-134%	22,2 k €	+269%	6 k €	-24.9%	8 k €	+267%	-4,8 k €	+58.3%	-11,6 k €	-194%	12,2 k €	-18.3%	15 k €	+1010%	-1,6 k €	+40.0%	-2,7 k €	-846%	-290 €	-108%	3,7 k €	+286%	-2 k €		–		–		-687 €	+9.0%	-755 €
EBITDA	-9,7 k €	-145%	21,6 k €	+248%	6,2 k €	-22.3%	8 k €	+282%	-4,4 k €	+62.8%	-11,8 k €	-203%	11,4 k €	-19.0%	14,1 k €	+729%	-2,2 k €	+33.6%	-3,4 k €	-862%	-351 €	-110%	3,7 k €	+270%	-2,2 k €		–		–		-741 €	+1.9%	-755 €
Operating result	-10,7 k €	-151%	21,1 k €	+269%	5,7 k €	-28.5%	8 k €	+282%	-4,4 k €	+62.8%	-11,8 k €	-203%	11,4 k €	-19.0%	14,1 k €	+647%	-2,6 k €	+30.6%	-3,7 k €	-318%	-888 €	-126%	3,5 k €	+247%	-2,4 k €		–		–		-941 €	+1.5%	-955 €
Net result	-11 k €	-170%	15,8 k €	+348%	3,5 k €	-52.4%	7,4 k €	+259%	-4,7 k €	+34.0%	-7,1 k €	-191%	7,8 k €	-23.2%	10,1 k €	+452%	-2,9 k €	+25.6%	-3,9 k €	-304%	-957 €	-128%	3,4 k €	+266%	-2 k €		–		–		-874 €	+8.4%	-954 €
Balance sheet
Equity	25,8 k €	-30.0%	36,8 k €	+33.8%	27,5 k €	+14.7%	24 k €	+44.6%	16,6 k €	-21.9%	21,3 k €	-24.9%	28,3 k €	+37.8%	20,5 k €	+97.0%	10,4 k €	-21.6%	13,3 k €	-22.5%	17,2 k €	-5.3%	18,1 k €	+23.1%	14,7 k €	-12.2%	16,8 k €	0.0%	16,8 k €	0.0%	16,8 k €	-5.0%	17,6 k €
Total assets	40,3 k €	-24.1%	53,1 k €	+38.9%	38,2 k €	+14.0%	33,5 k €	+25.9%	26,7 k €	-26.7%	36,4 k €	-9.2%	40 k €	+28.5%	31,2 k €	+103%	15,4 k €	-18.4%	18,8 k €	-4.1%	19,6 k €	+8.4%	18,1 k €	+23.1%	14,7 k €	-12.3%	16,8 k €	0.0%	16,8 k €	0.0%	16,8 k €	-5.0%	17,7 k €
Cash	10 k €	-56.0%	22,6 k €	+62.4%	13,9 k €	+74.7%	8 k €	+708%	987,7 €	-73.4%	3,7 k €	+171485%	2,2 €	-99.8%	968 €		–		9,1 k €	+53.0%	5,9 k €	-55.7%	13,4 k €	-6.3%	14,3 k €	-11.0%	16,1 k €	0.0%	16,1 k €	0.0%	16,1 k €	-4.3%	16,8 k €
Debts	14,5 k €	-10.7%	16,3 k €	+52.0%	10,7 k €	+12.2%	9,5 k €	-5.1%	10,1 k €	-33.5%	15,1 k €	+28.8%	11,7 k €	+10.5%	10,6 k €	+115%	4,9 k €	-10.5%	5,5 k €	+124%	2,5 k €		–		–		10 €	0.0%	10 €	0.0%	10 €	0.0%	10 €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Christophe Demour

Director

Active

Ended mandates

FRANCOIS SELIS

Manager · since 08 janvier 2009

Ended

GUNTHER GORRIS

Manager · since 08 janvier 2009

Ended

Christophe Demour

Manager

Ended

CHRISTOPHE DEMOUR

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ACCOFISC BASTIAENS● Active	0472.801.358
LIONS CLUB SILLY ARENBERG● Active	0500.493.274
SOLERA● Active	0476.654.535

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	22/07/2026	19/12/2025	04/07/2024	21/08/2023	27/07/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	10/06/2022	07/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	22/07/2026	French	PDF
Micro model	31/12/2024	02/06/2025	19/12/2025	French	PDF
Micro model	31/12/2023	03/06/2024	04/07/2024	French	PDF
Micro model	31/12/2022	05/06/2023	21/08/2023	French	PDF
Micro model	31/12/2021	10/06/2022	27/07/2022	French	PDF
Micro model	31/12/2020	07/06/2021	28/06/2021	French	PDF
Micro model	31/12/2019	07/06/2020	23/07/2020	French	PDF
Micro model	31/12/2018	07/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	18/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	25/09/2017	30/09/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	07/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	19/03/2010	30/08/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 ended

Active mandates

Christophe Demour

Director

Active

Ended mandates

FRANCOIS SELIS

Manager · since 08 janvier 2009

Ended

GUNTHER GORRIS

Manager · since 08 janvier 2009

Ended

Christophe Demour

Manager

Ended

CHRISTOPHE DEMOUR

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other03/12/2020
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office02/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other16/01/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-11 k €↓
2024
Annual accounts 202415,8 k €↑
2023
Annual accounts 20233,5 k €↓
2022
Annual accounts 20227,4 k €↑
2021
Annual accounts 2021-4,7 k €↑
2020
Annual accounts 2020-7,1 k €↓
2019
Annual accounts 20197,8 k €↓
2018
Annual accounts 201810,1 k €↑
2017
Annual accounts 2017-2,9 k €↑
2016
Annual accounts 2016-3,9 k €↓
2015
Annual accounts 2015-957 €↓
2014
Annual accounts 20143,4 k €↑
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 2012
2011
Annual accounts 2011
2010
Annual accounts 2010-874 €↑
2009
Annual accounts 2009-954 €
14/01/2009
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

AlfaSource

Overview

What does AlfaSource do?

Trend over 17 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