(BFM Stock Exchange) – In difficulty, the video specialist at the request by subscription indicated Friday, May 16, initiate a collective dismissal procedure and propose to its shareholders to rule on its dissolution during its next general meeting. The action collapses on the Paris Stock Exchange.

Friday evening is a privileged day by listed companies to pass bad news. Including Alchemy which took advantage of a weekend watch to share its heavy difficulties in the financial community.

The company, formerly called Cellfish, indicated on Friday May 16, by press release, initiate a collective dismissal procedure for its 26 employees. Alchemy adds that it will offer its shareholders to rule on dissolution at its next general meeting scheduled for late June.

A sustainability of the activity “is to date compromised”

Society is in great difficulty. Alchemy explains that the results recorded since the start of the 2025 financial year as well as those anticipated for the current exercise have deteriorated, and that they are “lower than expectations”. The accounts of the video specialist on request by subscription suffer from stopping a significant contract with one of its main customers and the absence of new contracts since that date. Alchmine had not been mystery and had communicated on his situation on April 24.

“Thus the company does not exclude being exposed to a risk of liquidity in the next twelve months, which led the auditor, without calling into question his opinion on the accounts, to draw attention to the significant uncertainty linked to this risk of liquidity,” warned alchemy last month.

The company recalls having implemented corrective measures aimed at redressing its situation like the sale of its historic contracts to Digital Virgo, a specialist in mobile payment. But given the deterioration of its commercial dynamic, Alchemy concedes that the sustainability of its activity “is to date compromised”.

To come and coming black screen for alchemy

“The prospects for the sale or backing of all or part of the company’s activities have been considerably reduced, the discussions initiated with third parties in this sense having, to date, not succeeded, despite the sustained efforts of the company and its management in this regard. Discussions with a potential buyer are still underway,” explains the company.

Alchemy cannot guarantee the culmination of these approaches, “taking into account the progress of the negotiations and the results recorded and anticipated for 2025”. The company is therefore forced to initiate a procedure for collective dismissal of its 26 employees.

Alchemy also goes straight towards a dissolution. In any case, this is what is offered on the agenda of the next general meeting scheduled for June 27.

The company explains that it will use its cash position, from 2 million euros to the end of 2024 to deal with its commitments vis-à-vis its partners, customers and employees. It specifies “that no boni distribution to shareholders is envisaged”. In other words, the shareholders will not recover anything.

On the Paris Stock Exchange, the alchemy action collapses by 75% to lift less than 0.06 euros, after being incable until the beginning of the afternoon. Recall that Alchemie had taken his first steps on the stock market in November 2020 on Euronext Growth at a price of 16.20 euros.

At that time, the company aims to achieve a turnover of 150 million in 2024, with an operational margin of more than 20% by this horizon. Alchmie unfortunately did not achieve its objective, and therefore displayed much lower income (8.1 million euros), and an operational loss.

It is still a new company that will leave the Paris Stock Exchange by the small door. Last week, it was the manufacturer of MCPHY electrolysis who announced that he would be the subject of a judicial liquidation procedure for lack of buyer.