Financials
Financial year 2025
ALTHAEA DEVELOPMENT from Genappe, company number BE0447698253, closed financial year 2025 with a result of € 87,965 after tax. For that financial year ALTHAEA DEVELOPMENT recorded a gross margin of € 180,407 and equity of € 572,837. Compared with financial year 2024, the result moved from € 48,097 to € 87,965. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 572,837
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,965
▲ 83% vs 2024
Profit after tax over the fiscal year.
€ 149,966
▲ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 67,831 paid out
77 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 33,467
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,901
▼ 22% vs 2024
Loans from banks and other lenders, long and short.
€ 4,328
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,363
▲ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 158,445 | € 158,233 | € 191,030 | € 180,407 | ▼ 6% |
| Profit after taxes | € 58,410 | € 82,682 | € 48,097 | € 87,965 | ▲ 83% |
| Equity | € 440,867 | € 523,550 | € 552,702 | € 572,837 | ▲ 4% |
| Total debts | € 103,474 | € 111,241 | € 116,422 | € 149,351 | ▲ 28% |
| Cash | € 85,578 | € 95,535 | € 81,048 | € 149,966 | ▲ 85% |
| Retained profit | € 379,367 | € 462,050 | € 491,202 | € 511,337 | ▲ 4% |
| Dividend | € 16,683 | € 0 | € 18,945 | € 67,831 | ▲ 258% |
| Bank debt | € 35,779 | € 65,678 | € 56,590 | € 43,901 | ▼ 22% |
| Balance sheet total | € 883,288 | € 973,737 | € 1,008,071 | € 1,061,134 | ▲ 5% |
Key figures of ALTHAEA DEVELOPMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ALTHAEA DEVELOPMENT?
What happened at ALTHAEA DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GAETAN HOUET stepped down as director. NBB
- Marie-Francoise WILLEMS stepped down as director. NBB
- André-Yves HOUET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 87,965 (▲ 83% vs 2024). Source: NBB ↗
- GAETAN HOUET became a director. NBB
- Marie-Francoise WILLEMS became a director. NBB
- André-Yves HOUET became a director. NBB
- New establishment in Genappe. KBO
In short
From € 58,410 profit in 2022 to € 87,965 profit in 2025.
Paid € 193,712 in corporate taxes since 2022.
Best year ever: 2025, with € 87,965 profit.
Paid out € 103,459 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
GAETAN HOUET
Director
since 2021 · until 2026
Marie-Francoise WILLEMS
Director
since 2021 · until 2026
André-Yves HOUET
Managing director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Rue Louis Taburiaux 7
1472 Genappe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
althaeadevelopment.com
Registered
2009-01-20
Registrar
OVH sas
Expires
2028-01-20
Website info
Features
Security
Details
- Company number
- 0447.698.253
- VAT number
- BE 0447.698.253
- Registered office
- Rue Louis Taburiaux 7, 1472 Genappe
- Names & denominations
- ALTHAEA DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 1992
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- althaeadevelopment.com
- Activities · NACE
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