Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Alcopa Capital Development from Kontich, company number BE0447763183, closed financial year 2025 with a result of € 18 million after tax. For that financial year Alcopa Capital Development recorded revenue of € 1.7 million and equity of € 445.5 million. Compared with financial year 2024, the result moved from € 46.6 million to € 18 million. The company is profitable. 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 June 22, 2026.
€ 445.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18 million
▼ 61% vs 2024
Profit after tax over the fiscal year.
€ 451,399
▲ 244% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17.1 million paid out
95 % of the profit went to the shareholders, mostly to ALCOPA (100 % of the shares). That is where the money ends up.
People and assets in 2025
14.3
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 1% vs 2024
€ 158,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 214,818
▲ € 179,714 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36.8 million
▼ 56% vs 2024
€ 4.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.2 million
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 749,222
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,102,527 | € 1,849,948 | € 1,655,565 | € 1,693,120 | ▲ 2% |
| Profit after taxes | € 60,410,084 | € 21,759,865 | € 46,637,574 | € 18,024,222 | ▼ 61% |
| Equity | € 407,209,033 | € 428,968,898 | € 444,606,472 | € 445,530,694 | |
| Total debts | € 58,782,543 | € 61,655,603 | € 86,590,924 | € 55,864,765 | ▼ 35% |
| Cash | € 6,615,851 | € 9,409,404 | € 131,044 | € 451,399 | ▲ 244% |
| Land & buildings | € 481,674 | € 362,374 | € 243,074 | - | |
| Retained profit | € 118,847,823 | € 140,607,687 | € 156,245,262 | € 157,169,483 | ▲ 1% |
| Dividend | € 0 | € 0 | € 31,000,000 | € 17,100,000 | ▼ 45% |
| Bank debt | € 41,311,785 | € 59,892,744 | € 84,205,844 | € 36,759,655 | ▼ 56% |
| Balance sheet total | € 467,371,978 | € 491,911,952 | € 532,338,560 | € 502,051,125 | ▼ 6% |
| Employees (FTE) | 12.4 | 12 | 13 | 14.3 | ▲ 1.3 |
Key figures of Alcopa Capital 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 31 July 2027.
What happened to Alcopa Capital Development?
What happened at Alcopa Capital Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Famo NV stepped down as director. NBB
- Lexstraco BV stepped down as director. NBB
- Pacioli Consulting BV stepped down as director. NBB
- DFG Conseil SAS stepped down as director. NBB
- Heymans & Co CommV stepped down as director. NBB
- Belgravia Conseil BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18 million (▼ 61% vs 2024). Source: NBB ↗
- Famo NV became a director. NBB
In short
From € 60.4 million profit in 2022 to € 18 million profit in 2025.
Paid € 740,783 in corporate taxes since 2022.
Best year ever: 2022, with € 60.4 million profit.
Paid out € 48.1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ALCOPA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Alcopa Capital DevelopmentThe shares are held by ALCOPA (100%). It owns 100% of Alparfin, 100% of Nova Mobility Services, 100% of Abelim, 100% of Alcopa Real Estate Fund, 98.1% of Moteo Two Wheels Europe and 97.8% of Lavance Holding itself.
Directors
According to the 2025 annual accounts
Director · represented by Axel Moorkens
Also active at: VERVLOET, GOODWILL M + G, International Cycling Parts Services, Whitestone Group, HEYLEN NATUUR- & GROENBEDRIJF, VERVLOET INTERNATIONAL, Cycling Parts Testing, NATURE FOREVER +8 more
since 2026 · until 2028
since 2025 · until 2028
Director · represented by Kurt Heene
Also active at: SCANCAR, ABELIM, Thys Holding, THYMMO, Groupe François Holding
since 2025 · until 2028
DFG Conseil SAS
Director · represented by Jean-François Maréchal
since 2024 · until 2027
Chairman of the board · represented by Damien Heymans
Also active at: ALCOPA, Moteo Two Wheels Europe, GROUP THYS, Thys Holding, Groupe François Holding, Mechanica Holding, MATEMCO
since 2024 · until 2027
Director · represented by Laurent-Paul Van Steirtegem
Also active at: Mechanica Holding
since 2024 · until 2027
Director · represented by Axel Moorkens
Also active at: ALCOVIL, ALCOPA, SCANCAR, ABELIM, WESTVLEES GROUP, Sacrya, Groupe François Holding, FAMO
since 2025 · until 2026
Shareholders
100%
Participations
Alparfin
100%
Nova Mobility Services
100%
100%
98.1%
Lavance Holding
97.8%
Buffet Crampon 1825
97.4%
94.1%
CBM SA
84.9%
Automotive Digital Solution
81%
Alcopa Auction
81%
Tego Holding
78%
55%
Establishments
Establishment units
Physical locations of this company
Satenrozen 8
2550 Kontich
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →ALCOPA same network
€ 340,728 revenue · 2025
Moteo Two Wheels Belux
€ 8.1 million revenue · 2025
Moteo Two Wheels Europe same network
€ 22.4 million revenue · 2025
ABELIM same network
€ 920,611 revenue · 2025
Alcopa Real Estate Fund same network
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.763.183
- VAT number
- BE 0447.763.183
- Registered office
- Satenrozen 8, 2550 Kontich
- Names & denominations
- Alcopa Capital Development · ACD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1992
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Coördinatiecentra