ACTIVE

ARAS IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

41,7 k €

-4.8% YoY

Gross margin

259,9 k €

-1.7% YoY

Equity

329 k €

+14.5% YoY

What does ARAS IMMO do?

ARAS IMMO is a Private company with limited liability incorporated in 1978. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Perwez.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.734.647

Incorporation

11/09/1978

Legal form

Private company with limited liability

Registered office

Rue des Dizeaux 4
1360 Perwez · WallonieSee on map

Contributed capital

6 852,36 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	259,9 k €	-1.7%	264,5 k €		–		–		–		–		–		–		1,8 M €	+12.8%	1,6 M €	-0.3%	1,6 M €	+11.1%	1,4 M €	+9.2%	1,3 M €	+0.7%	1,3 M €	+2.2%	1,3 M €	+31.0%	972,1 k €	+4.6%	929,8 k €	-17.8%	1,1 M €	+20.3%	940,4 k €	-3.8%	977,7 k €
EBITDA	258,7 k €	-1.5%	262,6 k €	+16.0%	226,3 k €	-7.9%	245,8 k €	-48.4%	476,4 k €	+20.1%	396,6 k €	+467%	-107,9 k €	-210%	98,5 k €	-78.6%	460,9 k €	+110%	219,7 k €	-34.3%	334,3 k €	-6.7%	358,2 k €	+32.2%	270,8 k €	+17.6%	230,2 k €	-24.3%	304 k €	+52.1%	199,8 k €	+99.2%	100,3 k €	-60.1%	251,4 k €	+59.7%	157,4 k €	-33.0%	234,9 k €
Operating result	89,4 k €	-12.3%	101,9 k €	+36.3%	74,8 k €	-20.7%	94,2 k €	-62.7%	252,5 k €	+56.1%	161,7 k €	+151%	-319,5 k €	-693%	-40,3 k €	-112%	327,1 k €	+247%	94,4 k €	-51.6%	195,2 k €	-11.1%	219,5 k €	+50.3%	146,1 k €	+57.4%	92,8 k €	-46.7%	174 k €	+133%	74,7 k €	+396%	-25,2 k €	-119%	134,9 k €	+75.2%	77 k €	-55.2%	171,8 k €
Net result	41,7 k €	-4.8%	43,8 k €	+26.4%	34,6 k €	-29.1%	48,9 k €	-74.4%	191,1 k €	+146%	77,7 k €	+120%	-390,2 k €	-391%	-79,5 k €	-150%	158,7 k €	+216%	50,1 k €	-47.1%	94,8 k €	-49.4%	187,1 k €	+82.4%	102,6 k €	-2.0%	104,7 k €	+39.6%	75 k €	-11.0%	84,3 k €	+71.6%	49,1 k €	-67.4%	150,8 k €	+617%	21 k €	-83.0%	123,7 k €
Balance sheet
Equity	329 k €	+14.5%	287,3 k €	-53.9%	623,5 k €	+5.9%	588,9 k €	-69.9%	2 M €	+10.8%	1,8 M €	+4.6%	1,7 M €	-18.8%	2,1 M €	-3.7%	2,2 M €	+7.9%	2 M €	+2.6%	1,9 M €	+5.1%	1,9 M €	+11.2%	1,7 M €	+6.6%	1,6 M €	+0.3%	1,6 M €	+5.1%	1,5 M €	+6.0%	1,4 M €	-2.3%	1,4 M €	+18.0%	1,2 M €	+1.8%	1,2 M €
Total assets	1,5 M €	-7.6%	1,6 M €	-16.1%	1,9 M €	+4.9%	1,8 M €	-69.7%	5,9 M €	-9.3%	6,5 M €	-8.4%	7,1 M €	+4.9%	6,8 M €	+12.5%	6 M €	+34.9%	4,4 M €	+3.5%	4,3 M €	+5.8%	4,1 M €	+0.0%	4,1 M €	-2.2%	4,2 M €	+8.8%	3,8 M €	+3.4%	3,7 M €	+2.4%	3,6 M €	-6.5%	3,9 M €	+11.3%	3,5 M €	+75.7%	2 M €
Cash	42,4 k €	-21.4%	53,9 k €	+502%	9 k €	+80.8%	5 k €	-83.1%	29,3 k €	+77.8%	16,5 k €	-83.6%	100,4 k €	-23.2%	130,7 k €	-61.8%	342,1 k €	-9.5%	378 k €	+73.4%	218 k €	+17.7%	185,2 k €	-16.9%	222,8 k €	+5.9%	210,3 k €		–		134,3 k €		–		123,3 k €	-46.8%	231,9 k €	+622%	32,1 k €
Debts	1,1 M €	-12.5%	1,3 M €	+2.7%	1,2 M €	+4.4%	1,2 M €	-69.6%	3,9 M €	-16.7%	4,7 M €	-12.5%	5,4 M €	+15.5%	4,7 M €	+23.0%	3,8 M €	+55.0%	2,5 M €	+4.4%	2,3 M €	+6.4%	2,2 M €	-7.8%	2,4 M €	-3.9%	2,5 M €	+10.2%	2,3 M €	+2.2%	2,2 M €	+0.1%	2,2 M €	-8.9%	2,4 M €	+7.6%	2,3 M €	+189%	779,7 k €
Other
Workforce	–		–		–		–		33,4 ETP	-8.5%	36,5 ETP	-1.9%	37,2 ETP	+31.4%	28,3 ETP	+13.2%	25,0 ETP	+13.6%	22,0 ETP	+11.1%	19,8 ETP	+1.5%	19,5 ETP	-0.5%	19,6 ETP	+2.6%	19,1 ETP	+11.7%	17,1 ETP	+19.6%	14,3 ETP	-14.4%	16,7 ETP	-2.3%	17,1 ETP	-2.8%	17,6 ETP	+18.1%	14,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Formula Air Group bv

Director · since 19 septembre 2012 · 0675.907.975

Represented by Jeroen Zweegers

Active

Ended mandates

Formula - air BV

Manager · since 19 septembre 2012

Represented by Jeroen ZWEEGERS

Ended

FORMULA AIR GROUP BV

Director · since 19 septembre 2012

Represented by JEROEN ZWEEGERS

Ended

FORMULA AIR GROUP BV

Manager · since 19 septembre 2012

Represented by JEROEN ZWEEGERS

Ended

Formula Air Group SRL

Director · since 19 septembre 2012

Represented by Jeroen Zweegers

Ended

At this address

Other companies at this address

Company	CBE no.
FORMULA-AIR● Active	0789.389.562

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	05/06/2025	25/07/2024	31/07/2023	17/05/2022	31/08/2021
General meeting	09/05/2026	10/05/2025	29/06/2024	30/06/2023	14/05/2022	31/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	10/05/2025	05/06/2025	French	PDF
Full model	31/12/2023	29/06/2024	25/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Full model	31/12/2021	14/05/2022	17/05/2022	French	PDF
Full model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Full model	31/12/2019	22/12/2020	24/12/2020	French	PDF
Full model	31/12/2018	11/05/2019	28/05/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	06/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Formula Air Group bv

Director · since 19 septembre 2012 · 0675.907.975

Represented by Jeroen Zweegers

Active

Ended mandates

Formula - air BV

Manager · since 19 septembre 2012

Represented by Jeroen ZWEEGERS

Ended

FORMULA AIR GROUP BV

Director · since 19 septembre 2012

Represented by JEROEN ZWEEGERS

Ended

FORMULA AIR GROUP BV

Manager · since 19 septembre 2012

Represented by JEROEN ZWEEGERS

Ended

Formula Air Group SRL

Director · since 19 septembre 2012

Represented by Jeroen Zweegers

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/08/2022
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/06/2022
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates28/01/2021
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates13/06/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office16/02/2018
SIEGE SOCIAL
PDF
Mandates11/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates18/10/2012
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202541,7 k €↓
2024
Annual accounts 202443,8 k €↑
2023
Annual accounts 202334,6 k €↓
2022
Annual accounts 202248,9 k €↓
2022
Name changeAras Immo
2021
Annual accounts 2021191,1 k €↑
2021
Name changeFORMULA-AIR
2020
Annual accounts 202077,7 k €↑
2019
Annual accounts 2019-390,2 k €↓
2018
Annual accounts 2018-79,5 k €↓
2017
Annual accounts 2017158,7 k €↑
2016
Annual accounts 201650,1 k €↓
2015
Annual accounts 201594,8 k €↓
2014
Annual accounts 2014187,1 k €↑
2013
Annual accounts 2013102,6 k €↓
2012
Annual accounts 2012104,7 k €↑
2011
Annual accounts 201175 k €↓
2010
Annual accounts 201084,3 k €↑
2009
Annual accounts 200949,1 k €↓
2008
Annual accounts 2008150,8 k €↑
2007
Annual accounts 200721 k €↓
2006
Annual accounts 2006123,7 k €
11/09/1978
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARAS IMMO

Overview

What does ARAS IMMO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline