Financials
Financial year 2025
ALSTAR from Lokeren, company number BE0881578560, closed financial year 2025 with a result of € 870,264 after tax. For that financial year ALSTAR recorded revenue of € 17.6 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 762,722 to € 870,264. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1.5 million
▼ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 870,264
▲ 14% vs 2024
Profit after tax over the fiscal year.
€ 925,873
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
67
▲ 9.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 27% vs 2024
€ 63,200 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.
€ 2.1 million
▲ 30% vs 2024
Of which on lease € 1.6 million.
Debts at end 2025
€ 2 million
▲ 34% vs 2024
€ 662,073 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.7 million
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.
€ 348,302
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 17,601,171 | |
| Gross margin | € 3,145,161 | € 4,635,213 | € 4,768,719 | - | |
| Profit after taxes | € 953,115 | € 1,254,825 | € 762,722 | € 870,264 | ▲ 14% |
| Equity | € 1,190,230 | € 2,445,055 | € 2,162,429 | € 1,507,694 | ▼ 30% |
| Total debts | € 2,661,366 | € 3,658,748 | € 5,142,464 | € 6,601,561 | ▲ 28% |
| Cash | € 646,276 | € 574,698 | € 571,365 | € 925,873 | ▲ 62% |
| Land & buildings | € 353 | € 176 | - | - | |
| Retained profit | € 1,160,230 | € 2,383,555 | € 2,100,929 | € 1,446,194 | ▼ 31% |
| Dividend | € 560,000 | € 0 | € 1,045,348 | € 1,525,000 | ▲ 46% |
| Bank debt | € 780,489 | € 1,058,015 | € 1,476,333 | € 1,978,719 | ▲ 34% |
| Balance sheet total | € 3,851,596 | € 6,103,803 | € 7,304,893 | € 8,109,255 | ▲ 11% |
| Employees (FTE) | 39.1 | 46.1 | 57.5 | 67 | ▲ 9.5 |
By revenue, ALSTAR ranks 6th of 8 companies with main activity “Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen” in Lokeren that publish figures (fiscal year 2025).
Key figures of ALSTAR, 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.
Ask about ALSTAR the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to ALSTAR?
What happened at ALSTAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alstar INFRA Technics BV stepped down as director. NBB
- Aysun Gurbuzer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 870,264 (▲ 14% vs 2024). Source: NBB ↗
- New establishment in Gembloux. KBO
- Alstar INFRA Technics BV became a director. NBB
- Aysun Gurbuzer became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Lokeren. KBO
In short
From € 953,115 profit in 2022 to € 870,264 profit in 2025.
Paid € 866,764 in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
On average € 82,900 of value added per employee in 2024.
Management
The stake of Alstar Infra Technics comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALSTARThe shares are held by Alstar Infra Technics (50%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hubert De Maenstraat 6
9160 Lokeren
Molenstraat 5
9160 Lokeren
Active since 19 May 2006
Rue des Praules, Sauv. 5
5030 Gembloux
Active since 15 July 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Lokeren
Same main activity (Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen), 17 active companies in Lokeren, largest first.
€ 44.4 million revenue · 2025
€ 29.8 million revenue · 2025
€ 26.5 million revenue · 2025
€ 26.5 million revenue · 2024
€ 24.2 million revenue · 2025
€ 14.5 million revenue · 2026
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- ALHAN Erkan(oprichter) 25%
- ALHAN Erdal(oprichter) 25%
- ALHAN Taner(oprichter) 25%
- ALHAN Kemal(oprichter) 25%
Details
- Company number
- 0881.578.560
- VAT number
- BE 0881.578.560
- Registered office
- Hubert De Maenstraat 6, 9160 Lokeren
- Names & denominations
- ALSTAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2006
- Peppol
- Active · Active since 4 Jul 2025
- Contact
- [email protected]
- Activities · NACE
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Algemene elektrotechnische installatiewerken
Bouw van autowegen en andere wegen
Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten
Elektrische installatie