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Alfa Technical Installations

Active
Public limited companyfounded 199135 yrs activeSpieveldstraat 51, 9160 Lokeren, BelgiumKBO/BCE: BE 0442.538.645
Summary

Alfa Technical Installations has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.7m and a net result of €187,759. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability45▼-8
Solvency48▼-6
Growth57▲+2
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.39 in 2023; short-term debt: 76.1% and cash: 4.7% of total assets), and 76.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
23.1%
Return on assets
1.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
56 d early
2023
21 d early
2022
62 d early
2021
79 d early
2020
81 d early
2019
56 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Alfa Technical Installations was incorporated on 8 January 1991.1 In 2005 the capital was increased by EUR 67,000 to EUR 311,500.2 The registered office was moved to Lokeren in 2010.3 The board currently has 8 members; Mercurius Value Creation has served longest, since 2021.4 Revenue grew from EUR 21 million in 2018 to EUR 37 million in 2024 and headcount from 73.7 to 99.7 full-time equivalents.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-06-2005
  3. 3Belgian State Gazette, 05-02-2010
  4. 4Belgian State Gazette, 12-11-2021
  5. 5National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€36.6m▲ 21.2%
2023 · €30.2m
EBIT margin
1.4%▼ 0.5pp
2023 · 2.0%
Net result
€187,759▼ 40.8%
2023 · €317,201
Working capital
€2.4m▼ 5.1%
2023 · €2.5m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€28.9m▲ 10.6%€24.4m▼ 15.5%€23.3m▼ 4.7%€30.2m▲ 29.6%€36.6m▲ 21.2%
Operating result€185,748▼ 55.2%€676,529▲ 264%€197,971▼ 70.7%€599,757▲ 203%€530,153▼ 11.6%
Net result€29,254▼ 87.0%€500,914▲ 1,612%-€93,304€317,201€187,759▼ 40.8%
EBIT margin0.6%▼ 0.9pp2.8%▲ 2.1pp0.9%▼ 1.9pp2.0%▲ 1.1pp1.4%▼ 0.5pp
Equity€2.0m▲ 1.5%€2.5m▲ 25.4%€2.4m▼ 3.8%€2.7m▲ 13.4%€2.7m▲ 1.8%
Total assets€10.9m▲ 15.7%€8.1m▼ 25.7%€8.0m▼ 1.4%€9.3m▲ 16.6%€11.9m▲ 27.3%
Debt€8.8m▲ 18.4%€5.6m▼ 36.5%€5.6m▼ 0.4%€6.6m▲ 18.1%€9.1m▲ 38.2%
Working capital€1.9m▲ 11.8%€2.3m▲ 20.9%€2.2m▼ 5.0%€2.5m▲ 16.3%€2.4m▼ 5.1%
Staff (FTE)79.5▲ 1.3%82.2▲ 3.4%92.6▲ 12.7%97.7▲ 5.5%99.7▲ 2.0%
Why a figure moved sharply
  • 2021 Net result +1,612% on 2020. Cause not known from the registers.
  • 2020 Net result -87% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2020: €185,748€185,748Net result 2020: €29,254€29,254Operating result 2021: €676,529€676,529Net result 2021: €500,914€500,914Operating result 2022: €197,971€197,971Net result 2022: -€93,304-€93,304Operating result 2023: €599,757€599,757Net result 2023: €317,201€317,201Operating result 2024: €530,153€530,153Net result 2024: €187,759€187,75920202021202220232024-€200,000€0€200,000€400,000€600,000Operating result 2022: €197,971€198,000Net result 2022: -€93,304-€93,300Operating result 2023: €599,757€600,000Net result 2023: €317,201€317,000Operating result 2024: €530,153€530,000Net result 2024: €187,759€188,000202220232024
The operating result falls in 2024; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.9m
Fixed assets €452,611 ▲ 35.8%
Current assets €11.4m ▲ 27.0%
Equity and liabilities €11.9m
Equity €2.7m ▲ 1.8%
Provisions €0 ▼ 100%
Debt €9.1m ▲ 38.2%
Debt's share of the balance-sheet total rises from 70.8% to 76.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€614,390▼
2023 · €673,187
Cash flow
€271,996▼
2023 · €390,631
Current ratio
1.26▼
2023 · 1.39
Quick ratio
1.17▼
2023 · 1.28
Debt to equity
3.33▲
2023 · 2.45
ROE
6.9%▼
2023 · 11.8%
ROA
1.6%▼
2023 · 3.4%
Interest coverage
3.99▼
2023 · 5.11
Debt ≤ 1 year
€9.0m▲
2023 · €6.5m
Debt > 1 year
€91,082▼
2023 · €124,679
Income taxes
€159,711▲
2023 · €118,168
Staff costs
€7.9m▲
2023 · €7.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 719 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 83 lines
Balance sheet Code20232024
Assets
Total assets20/58€9.3m€11.9m▲
Fixed assets21/28€333,347€452,611▲
Intangible fixed assets21€3,684€203,575▲
Tangible fixed assets22/27€308,906€228,278▼
Plant, machinery and equipment23€143,564€143,057▼
Furniture and vehicles24€70,172€80,931▲
Other tangible fixed assets26€7,106€4,290▼
Assets under construction and advance payments27€88,064-
Financial fixed assets28€20,757€20,757=
Other financial fixed assets284/8€20,757€20,757=
Amounts receivable and cash guarantees285/8€20,757€20,757=
Current assets29/58€9.0m€11.4m▲
Stocks and contracts in progress3€716,498€876,941▲
Stocks30/36€714,819€754,659▲
Raw materials and consumables30/31€714,819€754,659▲
Contracts in progress37€1,679€122,282▲
Amounts receivable within one year40/41€7.7m€9.9m▲
Trade receivables40€7.3m€9.6m▲
Other amounts receivable41€422,015€377,523▼
Cash at bank and in hand54/58€493,403€552,092▲
Deferred charges and accrued income490/1€34,357€40,612▲
Equity and liabilities
Total equity and liabilities10/49€9.3m€11.9m▲
Equity10/15€2.7m€2.7m▲
Contributions10/11€311,500€311,500=
Capital10€311,500€311,500=
Issued capital100€311,500€311,500=
Reserves13€2.4m€2.4m▲
Non-distributable reserves130/1€31,150€31,150=
Legal reserve130€31,150€31,150=
Distributable reserves133€2.4m€2.4m▲
Provisions and deferred taxes16€22,727-
Provisions for liabilities and charges160/5€22,727-
Other liabilities and charges164/5€22,727-
Amounts payable17/49€6.6m€9.1m▲
Amounts payable after more than one year17€124,679€91,082▼
Financial debts170/4€124,679€91,082▼
Credit institutions173€124,679€91,082▼
Amounts payable within one year42/48€6.5m€9.0m▲
Current portion of amounts payable after more than one year42€32,085€33,597▲
Financial debts43€1.0m€2.2m▲
Credit institutions430/8€1.0m€2.2m▲
Trade debts44€2.4m€4.5m▲
Suppliers440/4€2.4m€4.5m▲
Advances received on contracts in progress46€2.0m€1.1m▼
Taxes, remuneration and social security45€817,667€498,794▼
Taxes450/3€51,021€60,732▲
Remuneration and social security454/9€766,646€438,062▼
Other amounts payable47/48€220,000€673,344▲
Income statement Code20232024
Operating income70/76A€29.2m€37.0m▲
Turnover70€30.2m€36.6m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€1.6m-€188,947▲
Other operating income74€630,254€550,320▼
Non-recurring operating income76A-€35,214
Operating charges60/66A€28.6m€36.5m▲
Goods for resale, raw materials and consumables60€17.7m€24.6m▲
Purchases600/8€17.8m€24.7m▲
Change in stocks: decrease (increase)609-€97,765-€39,839▲
Services and other goods61€3.3m€3.6m▲
Remuneration, social security and pensions62€7.4m€7.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73,430€84,237▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€150,000
Provisions for liabilities and charges: additions (uses and reversals)635/8-€4,200-€21,968▼
Other operating charges640/8€41,659€43,310▲
Operating profit (loss)9901€599,757€530,153▼
Financial income75/76B€7,157€10,562▲
Recurring financial income75€7,157€10,562▲
Other financial income752/9€7,157€10,562▲
Financial charges65/66B€171,545€193,245▲
Recurring financial charges65€171,545€193,245▲
Debt charges650€131,660€153,995▲
Other financial charges652/9€39,885€39,250▼
Profit (loss) for the period before taxes9903€435,369€347,470▼
Income taxes67/77€118,168€159,711▲
Taxes670/3€118,168€160,000▲
Tax adjustments and reversals of tax provisions77-€289
Profit (loss) for the period9904€317,201€187,759▼
Profit (loss) for the period to be appropriated9905€317,201€187,759▼
Appropriation of the result
Profit (loss) to be appropriated9906€317,201€187,759▼
Transfer to equity691/2€317,201€47,759▼
To other reserves6921€317,201€47,759▼
Profit to be distributed694/7-€140,000
Return on contributions (dividend)694-€140,000
Social balance
Average headcount (FTE)908797.799.7▲

The notes to these accounts (65 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€26.5m€23.5m€29.2m€37.0m▲ 26.8%
Turnover70€28.9m€24.4m€23.3m€30.2m€36.6m▲ 21.2%
Change in stocks of work in progress, finished goods and contracts in progress71-€1.6m-€406,691-€1.6m-€188,947▲ 88.5%
Other operating income74-€433,087€601,490€630,254€550,320▼ 12.7%
Non-recurring operating income76A----€35,214-
Operating charges60/66A-€25.8m€23.3m€28.6m€36.5m▲ 27.6%
Goods for resale, raw materials and consumables60-€17.9m€14.0m€17.7m€24.6m▲ 39.0%
Purchases600/8-€18.0m€14.0m€17.8m€24.7m▲ 38.4%
Change in stocks: decrease (increase)609--€59,858-€33,344-€97,765-€39,839▲ 59.3%
Services and other goods61-€2.2m€2.5m€3.3m€3.6m▲ 10.0%
Remuneration, social security and pensions62-€5.6m€6.6m€7.4m€7.9m▲ 6.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132,178€95,994€78,148€73,430€84,237▲ 14.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€150,000-
Provisions for liabilities and charges: additions (uses and reversals)635/8--€77,400-€673-€4,200-€21,968▼ 423%
Other operating charges640/8-€17,197€13,159€41,659€43,310▲ 4.0%
Non-recurring operating charges66A-€1,237----
Operating profit (loss)9901€185,748€676,529€197,971€599,757€530,153▼ 11.6%
Financial income75/76B-€2,683€157€7,157€10,562▲ 47.6%
Recurring financial income75€771€2,683€157€7,157€10,562▲ 47.6%
Income from financial fixed assets750-€693----
Other financial income752/9-€1,989€157€7,157€10,562▲ 47.6%
Financial charges65/66B-€81,677€89,850€171,545€193,245▲ 12.6%
Recurring financial charges65€77,817€81,677€89,850€171,545€193,245▲ 12.6%
Debt charges650€44,033€42,577€48,331€131,660€153,995▲ 17.0%
Other financial charges652/9-€39,101€41,519€39,885€39,250▼ 1.6%
Profit (loss) for the period before taxes9903€108,702€597,535€108,278€435,369€347,470▼ 20.2%
Income taxes67/77€79,448€96,621€201,582€118,168€159,711▲ 35.2%
Taxes670/3-€101,918€201,582€118,168€160,000▲ 35.4%
Tax adjustments and reversals of tax provisions77-€5,297--€289-
Profit (loss) for the period9904€29,254€500,914-€93,304€317,201€187,759▼ 40.8%
Profit (loss) for the period to be appropriated9905€29,254€500,914-€93,304€317,201€187,759▼ 40.8%
Line20202021202220232024Change
Assets
Total assets20/58€10.9m€8.1m€8.0m€9.3m€11.9m▲ 27.3%
Fixed assets21/28€288,876€235,767€246,606€333,347€452,611▲ 35.8%
Intangible fixed assets21€22,705€11,735€6,744€3,684€203,575▲ 5,427%
Tangible fixed assets22/27€245,413€203,275€219,105€308,906€228,278▼ 26.1%
Plant, machinery and equipment23-€161,857€167,196€143,564€143,057▼ 0.4%
Furniture and vehicles24-€27,285€41,092€70,172€80,931▲ 15.3%
Other tangible fixed assets26-€14,133€10,817€7,106€4,290▼ 39.6%
Assets under construction and advance payments27---€88,064--
Financial fixed assets28€20,757€20,757€20,757€20,757€20,757=
Other financial fixed assets284/8-€20,757€20,757€20,757€20,757=
Amounts receivable and cash guarantees285/8-€20,757€20,757€20,757€20,757=
Current assets29/58€10.6m€7.9m€7.7m€9.0m€11.4m▲ 27.0%
Stocks and contracts in progress3€523,851€2.6m€2.3m€716,498€876,941▲ 22.4%
Stocks30/36-€583,709€617,054€714,819€754,659▲ 5.6%
Raw materials and consumables30/31-€583,709€617,054€714,819€754,659▲ 5.6%
Contracts in progress37-€2.1m€1.6m€1,679€122,282▲ 7,183%
Amounts receivable within one year40/41€9.0m€4.3m€5.3m€7.7m€9.9m▲ 28.5%
Trade receivables40-€4.0m€4.8m€7.3m€9.6m▲ 30.7%
Other amounts receivable41-€318,463€434,084€422,015€377,523▼ 10.5%
Cash at bank and in hand54/58€596,261€869,990€188,536€493,403€552,092▲ 11.9%
Deferred charges and accrued income490/1-€18,314€23,643€34,357€40,612▲ 18.2%
Equity and liabilities
Total equity and liabilities10/49€10.9m€8.1m€8.0m€9.3m€11.9m▲ 27.3%
Equity10/15€2.0m€2.5m€2.4m€2.7m€2.7m▲ 1.8%
Contributions10/11€311,500€311,500€311,500€311,500€311,500=
Capital10-€311,500€311,500€311,500€311,500=
Issued capital100-€311,500€311,500€311,500€311,500=
Reserves13€1.7m€2.2m€2.1m€2.4m€2.4m▲ 2.0%
Non-distributable reserves130/1-€31,150€31,150€31,150€31,150=
Legal reserve130-€31,150€31,150€31,150€31,150=
Distributable reserves133-€2.1m€2.0m€2.4m€2.4m▲ 2.0%
Provisions and deferred taxes16€105,000€27,600€26,927€22,727--
Provisions for liabilities and charges160/5-€27,600€26,927€22,727--
Other liabilities and charges164/5-€27,600€26,927€22,727--
Amounts payable17/49€8.8m€5.6m€5.6m€6.6m€9.1m▲ 38.2%
Amounts payable after more than one year17€94,405€9,600-€124,679€91,082▼ 26.9%
Financial debts170/4-€9,600-€124,679€91,082▼ 26.9%
Credit institutions173-€9,600-€124,679€91,082▼ 26.9%
Amounts payable within one year42/48€8.7m€5.6m€5.6m€6.5m€9.0m▲ 39.5%
Current portion of amounts payable after more than one year42-€84,805€9,606€32,085€33,597▲ 4.7%
Financial debts43-€50,097€692,218€1.0m€2.2m▲ 114%
Credit institutions430/8-€50,097€692,218€1.0m€2.2m▲ 114%
Trade debts44€6.9m€3.8m€3.0m€2.4m€4.5m▲ 87.1%
Suppliers440/4-€3.8m€3.0m€2.4m€4.5m▲ 87.1%
Advances received on contracts in progress46-€891,195€902,000€2.0m€1.1m▼ 43.6%
Taxes, remuneration and social security45-€824,492€925,880€817,667€498,794▼ 39.0%
Taxes450/3-€165,992€207,533€51,021€60,732▲ 19.0%
Remuneration and social security454/9-€658,500€718,347€766,646€438,062▼ 42.9%
Other amounts payable47/48--€34,133€220,000€673,344▲ 206%
Line20202021202220232024Change
Profit (loss) for the period9904€29,254€500,914-€93,304€317,201€187,759▼ 40.8%
+ Depreciation and write-downs630€132,178€95,994€78,148€73,430€84,237▲ 14.7%
Operating cash flow (approximation)€161,431€596,907-€15,157€390,631€271,996▼ 30.4%
Investment in fixed assets (approximation)--€42,885-€88,986-€160,170-€203,502▼ 27.1%
Change in cash-€273,730-€681,455€304,867€58,689▼ 80.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
03-07
State Gazette act Permanent representatives: Marc Debou and Tom Reygaert
Power of attorney · Power of attorney validity · Power-of-attorney condition10 facts ▸
  • Board meeting, 08-05-2026
  • Power of attorney, Marc Debou
  • Power of attorney, Tom Reygaert
  • Power of attorney, Ilse Van Cauwenberghe
  • Power of attorney, Inge Wasen
  • Permanent representative, Marc Debou
  • Permanent representative, Tom Reygaert
  • Power of attorney validity, geldig tot de gewone algemene vergadering van 2029, behoudens herroeping
  • Power-of-attorney condition, enkel geldig zolang de gevolmachtigde werknemer of consultant van de Vennootschap is
  • Power-of-attorney condition, Alle bedragen zijn exclusief BTW
22-01
State Gazette act Statutes amendment
3 facts ▸
  • General meeting, 18-12-2025
  • Statutes amendment
  • Statutes amendment
2025
27-10
State Gazette act Reappointment: Mude Engineering BV (director)
Resignations: Eddy Cox (director) and Nancy Vervoort (director) · Appointments: Groep Van Roey NV, Elbotech BV and Allba Consult · Mandate compensation17 facts ▸
  • Board meeting, 25-04-2025
  • General meeting, 06-10-2025
  • Director reappointment, Mude Engineering BV (director)
  • Director reappointment, Mude Engineering BV (managing director)
  • Mandate compensation, Mude Engineering BV
  • Director resignation, Eddy Cox (director)
  • Director resignation, Nancy Vervoort (director)
  • Director appointment, Groep Van Roey NV (director)
  • Director appointment, Elbotech BV (director)
  • Director appointment, Allba Consult (director)
  • Mandate compensation, Allba Consult
  • Board composition, Groep Van Roey NV (director)
  • +5 further facts in this act
18-06
State Gazette act Resignations: Mude engineering BV, STI BV and 2 others
Reappointments: Mude engineering BV (director) and STI BV (director) · Appointments: Groep Van Roey NV (director) and Elbotech BV (director) · Permanent representatives: Eddy Cox and Nancy Vervoort16 facts ▸
  • Director resignation, Mude engineering BV (director)
  • Director resignation, STI BV (director)
  • Director reappointment, Mude engineering BV (director)
  • Director reappointment, STI BV (director)
  • Director resignation, Nancy Vervoort (director)
  • Director resignation, Eddy Cox (director)
  • Director appointment, Groep Van Roey NV (director)
  • Director appointment, Elbotech BV (director)
  • Permanent representative, Eddy Cox
  • Permanent representative, Nancy Vervoort
  • Board composition, Groep Van Roey NV (director)
  • Board composition, Elbotech BV (director)
  • +4 further facts in this act
05-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €317,201
Net result €317,201 after one loss-making year.
22-11
State Gazette act Appointment: Deloitte BV (statutory auditor)
2 facts ▸
  • General meeting, 19-10-2023
  • Auditor appointment, Deloitte BV
14-11
State Gazette act Statutes amendment
Capital6 facts ▸
  • General meeting, 26-10-2023
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Capital, €311.500
30-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet -€93,304
Net result drops to -€93,304, the lowest in the series; recovery starts the following year.
13-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
2021
31-12
Financial Highest result since 2018net €500,914 ▲1,612%
Operating result €676,529, net result €500,914, both a record.
31-12
Financial Equity above €2mEq €2.5m ▲25.4%
4 profitable years in a row build equity to €2.5m.
12-11
State Gazette act Resignations: Kristi Meuleman (director) and Hélène Segers (director)
Appointments: Eddy Cox, Nancy Vervoort and Mercurius Value Creation · Permanent representatives: Geert Verachtert, Marc Debou and Philippe Spruyt · Director discharge19 facts ▸
  • General meeting, 20-10-2021
  • Director resignation, Kristi Meuleman (director)
  • Director resignation, Hélène Segers (director)
  • Director discharge, Kristi Meuleman
  • Director discharge, Hélène Segers
  • Director appointment, Eddy Cox (director)
  • Director appointment, Nancy Vervoort (director)
  • Director appointment, Mercurius Value Creation (director)
  • Permanent representative, Geert Verachtert
  • Mandate compensation, Eddy Cox
  • Mandate compensation, Nancy Vervoort
  • Mandate compensation, Mercurius Value Creation
  • +7 further facts in this act
03-06
State Gazette act Reappointment: Vander Donckt Roobrouck Christiaens Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Bart Roobrouck, Philippe Spruyt and Marc Debou5 facts ▸
  • General meeting, 04-05-2021
  • Auditor reappointment, Vander Donckt Roobrouck Christiaens Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Bart Roobrouck
  • Permanent representative, Philippe Spruyt
  • Permanent representative, Marc Debou
11-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
05-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
State Gazette act Appointments: STI BVBA (director) and MUDE Engineering BVBA (director)
Permanent representatives: Philippe Spruyt and Marc Debou · Reappointments: Kristl Meuleman (director) and Hélène Segers (director)10 facts ▸
  • General meeting, 07/05/2019
  • Director appointment, STI BVBA (director)
  • Permanent representative, Philippe Spruyt
  • Director appointment, MUDE Engineering BVBA (director)
  • Permanent representative, Marc Debou
  • Director reappointment, Kristl Meuleman (director)
  • Director reappointment, Hélène Segers (director)
  • Board meeting, 07/05/2019
  • Director appointment, STI BVBA (managing director)
  • Director appointment, MUDE Engineering BVBA (managing director)
10-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
State Gazette act Reappointment: Vander Donckt-Roobrouck-Christiaens Bedrijfsrevisoren (statutory auditor)
Shareholder4 facts ▸
  • General meeting, 02-05-2018
  • Auditor reappointment, Vander Donckt-Roobrouck-Christiaens Bedrijfsrevisoren (statutory auditor)
  • Shareholder, Alfa Investments BVBA (managing director)
  • Shareholder, Delta Technical Engineering BVBA (managing director)
15-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
10-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema
19-02
State Gazette act Reappointment: Vander Donckt - Roobrouck - Christiaers Bedrijfsrevisoren (statutory auditor)
2 facts ▸
  • General meeting, 05-05-2015
  • Auditor reappointment, Vander Donckt - Roobrouck - Christiaers Bedrijfsrevisoren
2013
03-07
State Gazette act Reappointments: Alfa Investments BVBA, Delta Technical Engineering BVBA and 2 others
Permanent representatives: Philippe Spruyt and Marc Debou10 facts ▸
  • General meeting, 07-05-2013
  • Director reappointment, Alfa Investments BVBA (director)
  • Director reappointment, Delta Technical Engineering BVBA (director)
  • Director reappointment, Christel Meuleman (director)
  • Director reappointment, Hélène Segers (director)
  • Permanent representative, Philippe Spruyt
  • Permanent representative, Marc Debou
  • Board meeting, 07-05-2013
  • Director reappointment, Alfa Investments BVBA (managing director and chair of the board)
  • Director reappointment, Delta Technical Engineering BVBA (managing director)
2012
30-10
State Gazette act Appointment: Vander Donckt - Roobrouck - Christiaens Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Bart Roobrouck, Philippe SPRUYT and Marc DEBOU5 facts ▸
  • General meeting, 01-10-2012
  • Auditor appointment, Vander Donckt - Roobrouck - Christiaens Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Bart Roobrouck
  • Permanent representative, Philippe SPRUYT
  • Permanent representative, Marc DEBOU
2010
05-02
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 18-12-2009
  • Registered-office move, Spieveldstraat 51, 9160 Lokeren
2008
24-06
State Gazette act Statutes amendment
4 facts ▸
  • General meeting, 02-06-2008
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
25-02
State Gazette act Resignations: Philippe SPRUYT, Marc DEBOU and 2 others
Appointments: ALFA INVESTMENTS, DELTA TECHNICAL ENGINEERING and 2 others · Permanent representatives: Philippe SPRUYT and Marc DEBOU15 facts ▸
  • General meeting, 03-01-2008
  • Director resignation, Philippe SPRUYT (director)
  • Director resignation, Marc DEBOU (director)
  • Director resignation, Hélène SEGERS (director)
  • Director resignation, Christel MEULEMAN (director)
  • Director appointment, ALFA INVESTMENTS (director)
  • Director appointment, DELTA TECHNICAL ENGINEERING (director)
  • Director appointment, Hélène SEGERS (director)
  • Director appointment, Christel MEULEMAN (director)
  • Permanent representative, Philippe SPRUYT
  • Permanent representative, Marc DEBOU
  • Board meeting, 03-01-2008
  • +3 further facts in this act
2005
10-06
State Gazette act Capital & shares · Statutes amendment
Capital increase4 facts ▸
  • General meeting, 25-05-2005
  • Capital increase, €183.000
  • Capital increase, €67.000
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
17 of 17 acts read

Directors · office · real estate

Directors
8 directors, 1 in day-to-day management, no change since 2025

Board 8

Mercurius Value Creation
Director · since 20-10-2021 · Private limited company · perm. rep.: Geert Verachtert
Current
ELBOTECH
Director · since 10-06-2025 · Private limited company · perm. rep.: Nancy Vervoort
Current
GROEP VAN ROEY
Director · since 10-06-2025 · Public limited company · perm. rep.: Eddy Cox
Current
Mude Engineering BV
Director · since 10-06-2025 · Legal entity
Current
STI BV
Director · since 10-06-2025 · Legal entity
Current
ALLBA CONSULT
Director · since 06-10-2025 · Private limited company
Current
Elbotech BV
Director · since 06-10-2025 · Legal entity
Current
Groep Van Roey NV
Director · since 06-10-2025 · Legal entity
Current
7 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
ALFA INVESTMENTS
Chair of the board · since 03-01-2008 · Director · since 03-01-2008 · Private limited company · perm. rep.: Philippe SPRUYT
Not recently confirmed
Christel Meuleman
Director · since 03-01-2008
Not recently confirmed
Alfa Investments BVBA
Director · since 07-05-2013 · Legal entity · perm. rep.: Philippe Spruyt
Not recently confirmed
Delta Technical Engineering BVBA
Director · since 07-05-2013 · Legal entity · perm. rep.: Marc Debou
Not recently confirmed
Kristl Meuleman
Director · since 07-05-2019
Not recently confirmed
MUDE Engineering BVBA
Director · since 07-05-2019 · Legal entity · perm. rep.: Marc Debou
Not recently confirmed
STI BVBA
Director · since 07-05-2019 · Legal entity · perm. rep.: Philippe Spruyt
Not recently confirmed

Day-to-day management 1

Mude Engineering BV
Managing director · since 06-10-2025 · Legal entity
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
ALFA INVESTMENTS
Managing director · since 03-01-2008 · Private limited company · perm. rep.: Philippe SPRUYT
Not recently confirmed
Alfa Investments BVBA
Managing director and chair of the board · since 07-05-2013 · Legal entity · perm. rep.: Philippe Spruyt
Not recently confirmed
Delta Technical Engineering BVBA
Managing director · since 07-05-2013 · Legal entity · perm. rep.: Marc Debou
Not recently confirmed
MUDE Engineering BVBA
Managing director · since 07-05-2019 · Legal entity · perm. rep.: Marc Debou
Not recently confirmed
STI BVBA
Managing director · since 07-05-2019 · Legal entity · perm. rep.: Philippe Spruyt
Not recently confirmed

Permanent representatives 3

Geert Verachtert
Permanent representative · since 20-10-2021 · for Mercurius Value Creation
Current
Eddy Cox
Permanent representative · since 10-06-2025 · for GROEP VAN ROEY
Current
Nancy Vervoort
Permanent representative · since 10-06-2025 · for ELBOTECH
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Marc Debou
Permanent representative · since 07-05-2019 · for MUDE Engineering BVBA
Not recently confirmed
Philippe Spruyt
Permanent representative · since 07-05-2019 · for STI BVBA
Not recently confirmed

Statutory auditor 1

Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
5,339 m²
Building footprint
2,227 m²
Volume, LiDAR
17,755 m³
Parcel 46382B1424/00K000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
ALFA TECHNICAL INSTALLATIONS
Spieveldstraat 51, 9160 LokerenManufacture of machinery and equipment not elsewhere classified
since 20032.133.963.178
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46382B1424/00K000 Flanders 5,339 m² 1 · 2,227 m² 9.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

24 people since 2008, 16 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Mercurius Value Creation
  • Director, from 20-10-2021 to date
ELBOTECH
  • Director, from 10-06-2025 to date
GROEP VAN ROEY
  • Director, from 10-06-2025 to date
Mude Engineering BV
  • Director, already before 10-06-2025 to date
  • Managing director, already before 06-10-2025 to date
STI BV
  • Director, already before 10-06-2025 to date
ALLBA CONSULT
  • Director, from 06-10-2025 to date
Elbotech BV
  • Director, from 06-10-2025 to date
Groep Van Roey NV
  • Director, from 06-10-2025 to date
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
  • Auditor, from 19-10-2023 to date
ALFA INVESTMENTS
  • Chair of the board, from 03-01-2008 not ended, last confirmed 25-02-2008
  • Director, from 03-01-2008 not ended, last confirmed 25-02-2008
  • Managing director, from 03-01-2008 not ended, last confirmed 25-02-2008
Christel Meuleman
  • Director, already before 03-01-2008 not ended, last confirmed 03-07-2013
Alfa Investments BVBA
  • Director, already before 07-05-2013 not ended, last confirmed 03-07-2013
  • Managing director and chair of the board, already before 07-05-2013 not ended, last confirmed 03-07-2013
Delta Technical Engineering BVBA
  • Director, already before 07-05-2013 not ended, last confirmed 03-07-2013
  • Managing director, already before 07-05-2013 not ended, last confirmed 03-07-2013
Kristl Meuleman
  • Director, already before 07-05-2019 not ended, last confirmed 13-06-2019
MUDE Engineering BVBA
  • Director, from 07-05-2019 not ended, last confirmed 13-06-2019
  • Managing director, from 07-05-2019 not ended, last confirmed 13-06-2019
STI BVBA
  • Director, from 07-05-2019 not ended, last confirmed 13-06-2019
  • Managing director, from 07-05-2019 not ended, last confirmed 13-06-2019
Cox, Eddy Alfons Marc
  • Director, from 20-10-2021 to 10-06-2025
  • Director, until 06-10-2025
Nancy Vervoort
  • Director, from 20-10-2021 to 10-06-2025
  • Director, until 06-10-2025
VRC BEDRIJFSREVISOREN
  • Statutory auditor, from 05-05-2015 to 19-10-2023
Hélène Segers
  • Director, already before 03-01-2008 to 20-10-2021
Kristi Meuleman
  • Director, until 20-10-2021
Vander Donckt-Roobrouck-Christiaens Bedrijfsrevisoren
  • Statutory auditor, from 01-10-2012 to 05-05-2015
Marc Debou
  • Director, until 03-01-2008
Philippe Spruyt
  • Director, until 03-01-2008
See the board, name and seat on a given date →

Articles of association

Purpose
De handel in evenals de in- en uitvoer, het ontwerpen, vervaardigen, verbeteren, aanleggen, onderhouden en herstellen van verwarmings-, koel-, vries-, ventilatie-…
Full purpose

De handel in evenals de in- en uitvoer, het ontwerpen, vervaardigen, verbeteren, aanleggen, onderhouden en herstellen van verwarmings-, koel-, vries-, ventilatie-, luchtbehandelings-, air-conditioning-, gas-, warmwater-, koudwater-, elektrische en elektrotechnische installaties, sanitaire installaties en regelingssystemen, industriële pijpleidingen en pompinstallaties. Onderneming voor lood- en zinkwerken, loodgieterij, metalen dakbedekkingen van gebouwen, elektriciteitswerken en isolatiewerken. Onderneming voor het waterdicht maken en bedekken van gebouwen al dan niet met asfalt en teer, omvattende het dekken van daken met asfalt of koolwaterstofhoudende producten, eventueel gecombineerd met metalen. Onderneming voor het droogmaken van gebouwen, anders dan met teer en asfalt. Onderneming voor rioleringswerken. Onderneming voor het uitvoeren en plaatsen van alle las-, draai-, zaag- en freeswerk, alsmede de algemene metaalbewerking. De handel in het algemeen, met inbegrip van de groot- en de detailhandel, de in- en uitvoer in alle artikelen, producten, grondstoffen, bijhorigheden, materialen, materieel, machines, toestellen en gereedschappen welke met bovenvermelde activiteiten verband houden. Het verstrekken van adviezen in verband met schoonmaak, stof- en milieuproblemen, de handel en fabricage, de import en export, van schoonmaakmachines en alle reinigingsapparatuur in de breedste zin van het woord, gereedschappen, hulpmiddelen en chemische producten ten behoeve van onderhoud en reiniging van gebouwen, zowel binnen als buiten. De handel in evenals de in- en uitvoer van ijzerwerk, blikwaren, huishoudartikelen en sanitaire artikelen. De handel in evenals de in- en uitvoer van alle electrische en elektronische toestellen en apparaten, alle verlichtingsartikelen, radio-elektrisch materiaal, video en audiovisuele apparatuur, huishoudtoestellen, ontvangst- en zendantennes, alarm- en beveiligingssystemen, kantoormachines, laserapparatuur, meet- en kontroleapparatuur en didactisch materiaal. Het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, ordenen, huren en verhuren, het doen bouwen of doen verbouwen, promotie van en makelen in alle roerende en onroerende goederen evenals alle welkdanige onroerende transacties en verrichtingen in de meest brede zin, met inbegrip van de leasing. De vennootschap mag tevens als algemene onderneming de bedrijvigheden coördineren die betrekking hebben op de gehele of gedeeltelijke uitvoering van bouwvoltooiïngswerken door onderaannemers. De vennootschap handelt voor eigen rekening, in kommissie, als tussenpersoon of als vertegenwoordiger. Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen, ondernemingen, groeperingen of organisaties. Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen en mag aval verlenen voor alle leningen, krediet-opeeningen en andere verbintenissen zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft. Zij mag de functie van bestuurder of vereffenaar van andere vennootschappen uitoefenen.

Structure & network

Part of the group GROEP VAN ROEY 29 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. GROEP VAN ROEY 100%
  2. DELTA TECHNICAL ENGINEERING 96%
  3. Alfa Technical Installations

Highest known parent: GROEP VAN ROEY. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of Alfa Technical Installations and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

17 connected companies
Linked via shared directors
ALGEMENE BOUW MAES
Shared director
→
Artem
Shared director
→
ETION Synergia
Shared director
→
Maasmeander
Shared director
→
Show 13 more companies with a shared director
→
→
Sportoase Duinenwater
Shared director
→
Sportoase Eburons Dome
Shared director
→
→
Sportoase Ter Heide
Shared director
→
Staalbeton
Shared director
→
Stichting Van Roey
Shared director
→
Van Roey Rode
Shared director
→
VAN ROEY SERVICES
Shared director
→
Van Roey Vastgoed
Shared director
→
Nederhem Vastgoed
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 14-11-2023 Capital stated in the act · 311,500 EUR · 100 shares
  2. 10-06-2005 Capital increase of 183,000 EUR · to 244,500 EUR · from reserves
  3. 10-06-2005 Capital increase of 67,000 EUR · to 311,500 EUR · from reserves

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 17,652 EUR awarded · 17,652 EUR paid
Year Entries awardedpaid
2025 1 2,556 EUR2,556 EUR
2024 1 2,556 EUR2,556 EUR
2023 2 7,072 EUR7,124 EUR
2022 2 5,468 EUR5,416 EUR
Schemes
4 entries · 15,400 EUR · 15,400 EUR paid · Departement Werk en Sociale Economie
2 entries · 2,252 EUR · 2,252 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

9 categories
Alfa Technical Installations NV32761
category D16, class 8 · category D17, class 8 · category D18, class 8 · category L1, class 8 · category P1, class 8 · category P2, class 6 · category P3, class 6 · category S1, class 6 · category T3, class 8
decision 29-06-2026

Dual-learning approval

1 ended
Industrieel elektrotechnisch installateur (so)
ended · 2016 to 2021

Similar companies · same sector, comparable size

Of 461 companies in sector 28250 we hold annual accounts for 286. 147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded08-01-1991
Fiscal year end31-12
Abbreviation NL Alfa T.I.
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442538645
Registered 27-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.