ACTIVE

ALPHA MASTERS

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Financial year 2025 · closed on 31/12/2025

Net result

-26,9 k €

-111.0% YoY

Gross margin

42,4 k €

-40.9% YoY

Equity

650,2 k €

-4.0% YoY

What does ALPHA MASTERS do?

ALPHA MASTERS is a Private limited company incorporated in 2006. Its registered office is in Zwalm.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.190.074

Incorporation

23/03/2006

Legal form

Private limited company

Registered office

S.V.D. Veldestraat(SML) 4
9630 Zwalm · FlandreSee on map

Contributed capital

13 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	42,4 k €	-40.9%	71,7 k €	+16.1%	61,7 k €	-21.8%	79 k €	+122%	35,6 k €	-49.2%	70,2 k €	-5.4%	74,2 k €	+32.0%	56,2 k €	+9.3%	51,4 k €	-17.4%	62,2 k €	-16.2%	74,2 k €	-32.2%	109,6 k €	+100%	54,7 k €	+62.8%	33,6 k €	-20.3%	42,2 k €	+53.2%	27,5 k €	+0.3%	27,4 k €	-2.1%	28 k €	-46.8%	52,7 k €
EBITDA	40,8 k €	-41.9%	70,3 k €	+51.2%	46,5 k €	-40.2%	77,7 k €	+127%	34,2 k €	-50.4%	69 k €	-4.3%	72,1 k €	+32.5%	54,4 k €	+11.1%	49 k €	-18.9%	60,4 k €	-16.8%	72,6 k €	-31.6%	106,3 k €	+97.4%	53,8 k €	+65.5%	32,5 k €	-21.2%	41,3 k €	+54.1%	26,8 k €	+1.1%	26,5 k €	-3.9%	27,6 k €	-46.9%	51,9 k €
Operating result	-29,3 k €	-196%	30,4 k €	+6.9%	28,5 k €	-53.2%	60,9 k €	+248%	17,5 k €	-57.1%	40,8 k €	+1.9%	40 k €	+72.4%	23,2 k €	+28.5%	18,1 k €	-39.0%	29,7 k €	-41.9%	51 k €	+23.5%	41,3 k €	-17.3%	50 k €	+56.0%	32 k €	-21.5%	40,8 k €	+58.7%	25,7 k €	+1.6%	25,3 k €	+30.5%	19,4 k €	-35.6%	30,1 k €
Net result	-26,9 k €	-111%	244,1 k €	+1402%	16,3 k €	-90.5%	170,4 k €	+2015%	8,1 k €	-68.1%	25,3 k €	+22.4%	20,6 k €	+79.1%	11,5 k €	+473%	-3,1 k €	-126%	12 k €	-50.7%	24,3 k €	+21.3%	20 k €	-35.8%	31,2 k €	+73.3%	18 k €	-19.7%	22,4 k €	+94.4%	11,5 k €	+6.2%	10,9 k €	+32.5%	8,2 k €	-43.5%	14,5 k €
Balance sheet
Equity	650,2 k €	-4.0%	677,1 k €	+56.4%	433 k €	+3.9%	416,8 k €	+69.2%	246,4 k €	+3.4%	238,3 k €	+11.9%	213,1 k €	+10.7%	192,4 k €	+5.2%	182,9 k €	-1.7%	186 k €	+6.9%	174 k €	+16.2%	149,7 k €	+15.4%	129,7 k €	+31.7%	98,5 k €	+22.4%	80,5 k €	+38.6%	58,1 k €	+24.8%	46,6 k €	+30.4%	35,7 k €	+29.8%	27,5 k €
Total assets	1 M €	+3.1%	1 M €	+37.1%	740,7 k €	-0.8%	746,8 k €	+18.2%	631,7 k €	-3.3%	653 k €	-1.7%	664,5 k €	-3.5%	688,7 k €	-5.0%	725 k €	-6.2%	773,1 k €	+2.8%	751,8 k €	-0.5%	755,6 k €	+265%	207,2 k €	+9.7%	188,9 k €	-5.5%	200 k €	+4.6%	191,2 k €	-2.4%	195,9 k €	-6.8%	210,2 k €	+1.3%	207,6 k €
Cash	660,9 €	-99.3%	95,6 k €	+479%	16,5 k €	+17.7%	14 k €	-59.1%	34,3 k €	-22.1%	44 k €	+21.1%	36,3 k €	+17.5%	30,9 k €	-29.2%	43,7 k €	-9.9%	48,5 k €	+11.9%	43,3 k €	-42.1%	74,9 k €	+423%	14,3 k €	+801%	1,6 k €	-31.5%	2,3 k €	+8412%	27,3 €	-99.5%	6 k €	+19750%	30 €	-99.4%	5,1 k €
Debts	391,9 k €	+21.5%	322,7 k €	+8.7%	296,8 k €	-7.5%	320,8 k €	-15.0%	377,4 k €	-7.3%	407,2 k €	-8.3%	443,9 k €	-9.7%	491,6 k €	-8.5%	537,6 k €	-7.7%	582,7 k €	+1.7%	573,1 k €	-5.0%	603,5 k €	+705%	74,9 k €	-15.3%	88,5 k €	-22.6%	114,3 k €	-11.2%	128,8 k €	-11.2%	145 k €	-14.9%	170,5 k €	-1.3%	172,7 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 · 2 active · 4 ended

Active mandates

Dominique Van Gansbeke

Director

Active

Erwin Kints

Director

Active

Ended mandates

Dominique Van Gansbeke

Manager

Ended

Erwin Kints

Manager

Ended

Marleen Duquet

Director

Ended

Marleen Duquet

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/08/2026	29/08/2025	04/07/2024	27/06/2023	28/06/2022	29/06/2021
General meeting	24/08/2026	31/07/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/08/2026	26/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	22/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	23/08/2008	02/07/2009	Dutch	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 · 2 active · 4 ended

Active mandates

Dominique Van Gansbeke

Director

Active

Erwin Kints

Director

Active

Ended mandates

Dominique Van Gansbeke

Manager

Ended

Erwin Kints

Manager

Ended

Marleen Duquet

Director

Ended

Marleen Duquet

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other04/04/2006
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 2025-26,9 k €↓
2024
Annual accounts 2024244,1 k €↑
2023
Annual accounts 202316,3 k €↓
2022
Annual accounts 2022170,4 k €↑
2021
Annual accounts 20218,1 k €↓
2020
Annual accounts 202025,3 k €↑
2019
Annual accounts 201920,6 k €↑
2018
Annual accounts 201811,5 k €↑
2017
Annual accounts 2017-3,1 k €↓
2016
Annual accounts 201612 k €↓
2015
Annual accounts 201524,3 k €↑
2014
Annual accounts 201420 k €↓
2013
Annual accounts 201331,2 k €↑
2012
Annual accounts 201218 k €↓
2011
Annual accounts 201122,4 k €↑
2010
Annual accounts 201011,5 k €↑
2009
Annual accounts 200910,9 k €↑
2008
Annual accounts 20088,2 k €↓
2007
Annual accounts 200714,5 k €
23/03/2006
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 MASTERS

Overview

What does ALPHA MASTERS do?

Trend over 19 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