Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
W.ALTER from Liège, company number BE0455653441, closed financial year 2025 with a result of € 521,730 after tax. For that financial year W.ALTER recorded a gross margin of € 1.7 million and equity of € 21 million. Compared with financial year 2024, the result moved from € 72,424 to € 521,730. 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 June 25, 2026.
€ 21 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 521,730
▲ € 449,306 vs 2024
Profit after tax over the fiscal year.
€ 8.3 million
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 811,302.
People and assets in 2025
7.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 3% vs 2024
€ 193,000 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.
€ 1,782
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.9 million
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 336,297
▲ € 279,996 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 390,785
▲ 87% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 997,606 | € 1,134,744 | € 873,929 | € 1,741,158 | ▲ 99% |
| Profit after taxes | € 21,295 | € 37,063 | € 72,424 | € 521,730 | ▲ € 449,306 |
| Equity | € 10,258,809 | € 10,295,872 | € 20,469,296 | € 20,991,026 | ▲ 3% |
| Total debts | € 4,769,098 | € 6,285,144 | € 8,068,649 | € 6,649,877 | ▼ 18% |
| Cash | € 307,715 | € 1,032,428 | € 12,912,989 | € 8,257,796 | ▼ 36% |
| Retained profit | € 180,085 | € 217,148 | € 289,572 | € 811,302 | ▲ 180% |
| Bank debt | € 4,202,584 | € 5,943,868 | € 3,193,868 | € 2,892,740 | ▼ 9% |
| Balance sheet total | € 15,027,907 | € 16,581,016 | € 28,537,945 | € 27,640,903 | ▼ 3% |
| Employees (FTE) | 8.2 | 7.8 | 7.4 | 7.1 | ▼ 0.3 |
Key figures of W.ALTER, 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 W.ALTER?
What happened at W.ALTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Françoise PISSART stepped down as director. NBB
- Manon MAQUET stepped down as director. NBB
- Anne-Sophie TANDEL stepped down as director. NBB
- Romain THREIS stepped down as director. NBB
- Stéphane EMMANUELIDIS stepped down as director. NBB
- Sascha PALOTAI stepped down as director. NBB
- Gilles DOUTRELEPONT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 521,730 (▲ € 449,306 vs 2024). Source: NBB ↗
In short
From € 21,295 profit in 2022 to € 521,730 profit in 2025.
Paid € 300,423 in corporate taxes since 2022.
Best year ever: 2025, with € 521,730 profit.
On average € 245,200 of value added per employee in 2025.
A new publication or filing at W.ALTER? We notify you, reason included.
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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 Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
W.ALTERThe shares are held by Wallonie Entreprendre (50.5%). It owns 50% of DURECO, 30.2% of RETRIVAL, 29.8% of VENT D'ENFAN, 28.8% of ACTION SOCIALE MICHAEL VIEUTEMPS, 22.8% of LA LOCOMOBILE and 20.8% of So.F.I.E. itself.
Directors
According to the 2025 annual accounts
Jodie LEGRAND
Director
since 2024 · until 2025
since 2024 · until 2025
Françoise PISSART
Director
Also active at: FONDATION POUR ENFANTS DISPARUS ET SEXUELEMENT EXPLOITES - STICHTING VOOR VERMISTE EN SEKSUEEL UITGEBUITE KINDEREN
since 2024 · until 2030
Manon MAQUET
Director
since 2025 · until 2030
Virginie XHAUFLAIR
Chairman of the board
since 2021 · until 2025
Laurent WENRIC
Director
Also active at: SERVICE D'AIDE AUX FAMILLES ET AUX PERSONNES AGEES DE LA REGION VERVIERTOISE, Fédération des Centres de Services à Domicile, Wallonie Entreprendre
since 2021 · until 2025
since 2025 · until 2030
since 2022 · until 2025
Philippe GILSON
Director
since 2024 · until 2025
Romain THREIS
Director
since 2025 · until 2030
Stéphane EMMANUELIDIS
Director
Also active at: Etablissements Deneyer, Institut royal pour sourds et aveugles, Centre scolaire Saint-Exupéry, Renaissance, Union des entreprises à profit social, Triangle - Wallonie, Vereniging van de Sociale Fondsen van de Social Profitsektor - Association des Fonds sociaux du Secteur non-marchand, UNIPSO +2 more
since 2025 · until 2030
Sascha PALOTAI
Director
since 2025 · until 2030
Gilles DOUTRELEPONT
Director
Also active at: Febecoop, finance&invest.brussels, boosting.brussels by finance&invest.brussels
since 2024 · until 2030
Shareholders
50.5%
Participations
50%
30.2%
29.8%
22.8%
20.8%
19.2%
17.3%
15.3%
13.5%
Establishments
Establishment units
Physical locations of this company
Avenue Maurice-Destenay 13
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE
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€ 2.9 million gross margin · 2025
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€ -505,635 gross margin · 2025
+38 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
- 0455.653.441
- VAT number
- BE 0455.653.441
- Registered office
- Avenue Maurice-Destenay 13, 4000 Liège
- Names & denominations
- W.ALTER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1995
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings