ACTIVE

ALCOGROUP

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Financial year 2025 · closed on 31/12/2025

Net result

2,5 M €

-96.7% YoY

Revenue

6,6 M €

+43.0% YoY

Equity

225,7 M €

-9.1% YoY

Workforce

19,2 ETP

+14.3% YoY

What does ALCOGROUP do?

ALCOGROUP is a Public limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Watermael-Boitsfort. It employs on average 19,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.622.821

Incorporation

05/07/2007

Legal form

Public limited company

Registered office

Boulevard du Souverain 100
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

100 000 000,00 €

Latest accounts

31/12/2025

Average workforce

19,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 74151Specialised design activities 65231Reinsurance+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	6,6 M €	+43.0%	4,6 M €	-35.5%	7,1 M €	+21.3%	5,9 M €	+13.1%	5,2 M €	+33.4%	3,9 M €	-18.1%	4,8 M €	+168%	1,8 M €	-38.0%	2,9 M €	+19.0%	2,4 M €	+3.5%	2,3 M €	+28.8%	1,8 M €	-12.1%	2,1 M €	+105%	1 M €	-37.4%	1,6 M €	+177%	576,2 k €	-49.0%	1,1 M €	-8.0%	1,2 M €
EBITDA	655,9 k €	+263%	-403,5 k €	-101%	60,7 M €	+40606%	149,2 k €	-46.4%	278,3 k €	+143%	114,7 k €	+132%	-357,9 k €	+98.8%	-30,7 M €	-56.5%	-19,6 M €	-94.4%	-10,1 M €	-5192%	198,5 k €	+1687%	11,1 k €	+112%	-90,4 k €	+89.3%	-847 k €	-106%	-410,7 k €	+53.9%	-891,7 k €	-117%	-410 k €	+77.2%	-1,8 M €
Operating result	579,7 k €	+220%	-483,6 k €	-101%	60,7 M €	+47680%	127 k €	-48.5%	246,5 k €	+214%	78,6 k €	+119%	-406,5 k €	+98.7%	-30,8 M €	-56.4%	-19,7 M €	-94.0%	-10,1 M €	-6201%	166,3 k €	+1087%	-16,8 k €	+85.0%	-112,5 k €	+87.0%	-864,1 k €	-100%	-431 k €	+53.7%	-931,4 k €	-118%	-427,6 k €	+76.5%	-1,8 M €
Net result	2,5 M €	-96.7%	77,5 M €	-44.2%	139 M €	+47.4%	94,3 M €	+115%	43,9 M €	-48.4%	85,1 M €	+567%	12,8 M €	+185%	-14,9 M €	-88.6%	-7,9 M €	+81.1%	-41,8 M €	-859%	5,5 M €	+420%	1,1 M €	+105%	516,9 k €	+157%	-899,5 k €	-108%	-431,6 k €	-1025%	-38,4 k €	+98.5%	-2,5 M €	+76.5%	-10,8 M €
Balance sheet
Equity	225,7 M €	-9.1%	248,3 M €	+26.7%	196,1 M €	+60.5%	122,2 M €	+13.1%	108 M €	-1.1%	109,3 M €	+8.0%	101,2 M €	-7.9%	109,9 M €	-12.0%	124,8 M €	-6.0%	132,8 M €	+0.8%	131,7 M €	+2.7%	128,2 M €	+0.8%	127,1 M €	+41.7%	89,7 M €	-1.0%	90,6 M €	-0.5%	91,1 M €	-0.0%	91,1 M €	+13.0%	80,6 M €
Total assets	325,9 M €	+18.0%	276,2 M €	+4.5%	264,3 M €	-1.0%	267 M €	+22.8%	217,5 M €	-10.2%	242,2 M €	+30.3%	185,9 M €	+8.5%	171,4 M €	+9.4%	156,7 M €	+8.8%	144 M €	+6.9%	134,7 M €	+4.7%	128,6 M €	-6.2%	137,1 M €	+37.8%	99,5 M €	-0.9%	100,5 M €	-0.6%	101,1 M €	-1.1%	102,2 M €	+8.6%	94,1 M €
Cash	28,8 M €	+72.0%	16,7 M €	+628%	2,3 M €	-93.2%	33,6 M €	-45.5%	61,7 M €	+29.0%	47,9 M €	+47.6%	32,4 M €	+25.7%	25,8 M €	+122%	11,6 M €	+123%	5,2 M €	-24.9%	7 M €	+58.5%	4,4 M €	+130%	1,9 M €	+14.1%	1,7 M €	+14.7%	1,5 M €	+5.8%	1,4 M €	+95.5%	703,9 k €	+193%	239,9 k €
Debts	99,8 M €	+259%	27,8 M €	-59.1%	68,1 M €	-18.8%	83,8 M €	+73.2%	48,4 M €	-32.7%	71,9 M €	+203%	23,7 M €	+4593%	505,2 k €	-72.2%	1,8 M €	+48.5%	1,2 M €	-59.3%	3 M €	+538%	470,5 k €	-95.3%	10 M €	+2.1%	9,8 M €	-0.3%	9,8 M €	-1.7%	10 M €	-9.8%	11,1 M €	-17.4%	13,4 M €
Other
Workforce	19,2 ETP	+14.3%	16,8 ETP	+9.8%	15,3 ETP	+19.5%	12,8 ETP	+0.8%	12,7 ETP	+274%	3,4 ETP	-5.6%	3,6 ETP	-21.7%	4,6 ETP	-20.7%	5,8 ETP	0.0%	5,8 ETP	0.0%	5,8 ETP	+3.6%	5,6 ETP	+19.1%	4,7 ETP	+46.9%	3,2 ETP	+10.3%	2,9 ETP	-12.1%	3,3 ETP	-23.3%	4,3 ETP	-4.4%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 41 ended

Active mandates

ANTONINA BERTOLINO

Director · since 15 avril 2025 · until 15 avril 2031

Active

BASH MANAGEMENT

Director · since 15 avril 2025 · until 15 avril 2031 · 0460.540.459

Represented by BERNARD MEEUS

Active

BREIDELS

Director · since 15 avril 2025 · until 15 avril 2031 · 0890.487.912

Represented by CHARLES ALBERT PEERS

Active

FILIPPO CESARIS

Director · since 15 avril 2025 · until 15 avril 2031

Active

MARIA GIOVANNA GULINO

Director · since 15 avril 2025 · until 15 avril 2031

Active

MICHEL MEEUS

Director · since 15 avril 2025 · until 15 avril 2031

Active

TransVerto

Managing director · since 15 avril 2025 · until 15 avril 2031 · 0685.662.811

Represented by THOMAS VIATOUR

Active

YVON ANDRE

Director · since 15 avril 2025 · until 15 avril 2031

Active

Ended mandates

FILIPPO CESARIS

Director · since 03 avril 2025 · until 15 avril 2025

Ended

TransVerto

Managing director · since 15 novembre 2024 · until 15 avril 2025 · 0685.662.811

Represented by THOMAS VIATOUR

Ended

ALCOGROUP HOLDING

Director · since 16 avril 2019 · until 15 novembre 2024 · 0463.522.913

Represented by THOMAS VIATOUR

Ended

ALCOGROUP HOLDING

Director · since 16 avril 2019 · until 15 avril 2025 · 0463.522.913

Represented by THOMAS VIATOUR

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	20/05/2026	06/06/2025	14/05/2024	12/05/2023	13/05/2022	20/05/2021
General meeting	21/04/2026	15/04/2025	16/04/2024	18/04/2023	19/04/2022	20/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/04/2026	20/05/2026	French	PDF
Full modelCorrection	31/12/2024	15/04/2025	06/06/2025	French	PDF
Full model	31/12/2024	15/04/2025	15/05/2025	French	PDF
Full model	31/12/2023	16/04/2024	14/05/2024	French	PDF
Full model	31/12/2022	18/04/2023	12/05/2023	French	PDF
Full model	31/12/2021	19/04/2022	13/05/2022	French	PDF
Full model	31/12/2020	20/04/2021	20/05/2021	French	PDF
Full model	31/12/2019	21/04/2020	17/05/2020	French	PDF
Full model	31/12/2018	16/04/2019	16/05/2019	French	PDF
Full model	31/12/2017	17/04/2018	16/05/2018	French	PDF
Full model	31/12/2016	18/04/2017	15/05/2017	French	PDF
Full model	31/12/2015	19/04/2016	17/05/2016	French	PDF
Full model	31/12/2014	21/04/2015	13/05/2015	French	PDF
Full model	31/12/2013	15/04/2014	06/05/2014	French	PDF
Full model	31/12/2012	16/04/2013	19/06/2013	French	PDF
Full model	31/12/2011	17/04/2012	07/06/2012	French	PDF
Full model	31/12/2010	19/04/2011	16/06/2011	French	PDF
Full model	31/12/2009	20/04/2010	28/05/2010	French	PDF
Full model	31/12/2008	21/04/2009	09/06/2009	French	PDF
Full model	31/12/2007	01/04/2008	07/04/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 8 active · 41 ended

Active mandates

ANTONINA BERTOLINO

Director · since 15 avril 2025 · until 15 avril 2031

Active

BASH MANAGEMENT

Director · since 15 avril 2025 · until 15 avril 2031 · 0460.540.459

Represented by BERNARD MEEUS

Active

BREIDELS

Director · since 15 avril 2025 · until 15 avril 2031 · 0890.487.912

Represented by CHARLES ALBERT PEERS

Active

FILIPPO CESARIS

Director · since 15 avril 2025 · until 15 avril 2031

Active

MARIA GIOVANNA GULINO

Director · since 15 avril 2025 · until 15 avril 2031

Active

MICHEL MEEUS

Director · since 15 avril 2025 · until 15 avril 2031

Active

TransVerto

Managing director · since 15 avril 2025 · until 15 avril 2031 · 0685.662.811

Represented by THOMAS VIATOUR

Active

YVON ANDRE

Director · since 15 avril 2025 · until 15 avril 2031

Active

Ended mandates

FILIPPO CESARIS

Director · since 03 avril 2025 · until 15 avril 2025

Ended

TransVerto

Managing director · since 15 novembre 2024 · until 15 avril 2025 · 0685.662.811

Represented by THOMAS VIATOUR

Ended

ALCOGROUP HOLDING

Director · since 16 avril 2019 · until 15 novembre 2024 · 0463.522.913

Represented by THOMAS VIATOUR

Ended

ALCOGROUP HOLDING

Director · since 16 avril 2019 · until 15 avril 2025 · 0463.522.913

Represented by THOMAS VIATOUR

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2024
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Other19/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/08/2023
DEMISSIONS, NOMINATIONS
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

01/05/2026
nominationFischer & Sanders Kft. — administrateur
2025
Annual accounts 20252,5 M €↓
15/04/2025
reconductionBernard Meeus — administrateur
15/04/2025
reconductionMichel Meeus — administrateur
15/04/2025
reconductionThomas Viatour — administrateur
15/04/2025
reconductionMaria Giovanna Gulino — administrateur
15/04/2025
reconductionYvon André — administrateur
15/04/2025
reconductionAntonina Bertolino — administrateur
15/04/2025
reconductionCharles-Albert Peers — administrateur
15/04/2025
reconductionFilippo Cesaris — administrateur
15/04/2025
nominationJulien François — commissaire
04/04/2025
nominationMichel Bouton — mandataire (pouvoirs de signature)
04/04/2025
nominationEléonore Waterkeyn — mandataire (pouvoirs de signature)
04/04/2025
nominationKatty Benselin — mandataire (pouvoirs de signature)
04/04/2025
nominationGaëlle Van — mandataire (pouvoirs de signature)
04/04/2025
nominationBenoit Verbruggen — mandataire (signature bancaire)
04/04/2025
nominationBérénice de Meurichy — mandataire (signature bancaire)
03/04/2025
nominationFilippo Cesaris — administrateur
2024
Annual accounts 202477,5 M €↓
15/11/2024
nominationThomas Viatour — administrateur-délégué
03/09/2024
nominationThomas Viatour — mandataire (pouvoirs de signature)
03/09/2024
nominationMichel Bouton — mandataire (pouvoirs de signature)
03/09/2024
nominationBenoit Verbruggen — mandataire (pouvoirs de signature)
03/09/2024
nominationEléonore Waterkeyn — mandataire (pouvoirs de signature)
03/09/2024
nominationKatty Benselin — mandataire (pouvoirs de signature)
03/09/2024
nominationGaëlle Van — mandataire (pouvoirs de signature)
03/09/2024
nominationNathan Sharp — mandataire (signature bancaire)
03/09/2024
nominationBérénice de Meurichy — mandataire (signature bancaire)
03/09/2024
nominationCharles-Albert Peers — mandataire (signature bancaire)
2023
Annual accounts 2023139 M €↑
14/06/2023
nominationThomas Viatour — mandataire
14/06/2023
nominationMichel Bouton — mandataire
14/06/2023
nominationBenoit Verbruggen — mandataire
14/06/2023
nominationEléonore Waterkoyn — mandataire
14/06/2023
nominationKatty Benselin — mandataire
14/06/2023
nominationGaëlle Van — mandataire
14/06/2023
nominationFrançois Holemans — mandataire
2022
Annual accounts 202294,3 M €↑
19/04/2022
reconductionBST REVISEURS D'ENTREPRISES SRL — Commissaire
19/04/2022
nominationVincent Dumont — Commissaire
2021
Annual accounts 202143,9 M €↓
2020
Annual accounts 202085,1 M €↑
2019
Annual accounts 201912,8 M €↑
2018
Annual accounts 2018-14,9 M €↓
2017
Annual accounts 2017-7,9 M €↑
2016
Annual accounts 2016-41,8 M €↓
2015
Annual accounts 20155,5 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013516,9 k €↑
2012
Annual accounts 2012-899,5 k €↓
2011
Annual accounts 2011-431,6 k €↓
2010
Annual accounts 2010-38,4 k €↑
2009
Annual accounts 2009-2,5 M €↑
2008
Annual accounts 2008-10,8 M €
05/07/2007
IncorporationPublic 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

ALCOGROUP

Overview

What does ALCOGROUP do?

Trend over 18 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