ACTIVE

Airlines International Representation in Europe

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Financial year 2024 · Closed on 31/12/2024

Net result-139,5 k €-308,3 %over 1 year
Gross margin-147,3 k €-318,9 %over 1 year
Equity441,4 k €-24,0 %over 1 year

Identity

Source · BCE/KBO

Airlines International Representation in Europe is a International non-profit organization incorporated in 1983. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Etterbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0424.052.821
Incorporation
26/05/1983
Legal form
International non-profit organization
Registered office
Rue Belliard 40 box 5
1040 Etterbeek · BruxellesSee on map
Latest accounts
31/12/2024
Joint committees (3)
  • 100
  • 300
  • 340
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20242023202220212020
Income statement
Gross margin-147,3 k €67,3 k €157,2 k €197,5 k €420,4 k €
EBITDA-149,2 k €68,2 k €56,4 k €80,8 k €-86,5 k €
Operating result-151,4 k €68,2 k €56,4 k €80,8 k €-86,5 k €
Net result-139,5 k €67 k €54,9 k €76,6 k €-86,9 k €
Balance sheet
Equity441,4 k €580,9 k €514 k €459 k €382,5 k €
Total assets584,5 k €641,5 k €598,2 k €515,8 k €522,7 k €
Cash81,4 k €189,4 k €500,3 k €513,8 k €503,1 k €
Debts143,1 k €60,6 k €29,2 k €1,6 k €85,1 k €
Other
Workforce––––3,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 37 ended

Active mandates

Mehtap Ozlem Salihoglu

Mandate

Active
Michael Harrington

Mandate

Active

Ended mandates

Abraham GRAEBER

Vice-chairman of the board of directors

Ended
Andres FRED

Director

Ended
Aneta KUTZAROVA

Director

Ended
Bram GRAEBER

Vice-chairman of the board of directors

Ended

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Full financial information

Source · NBB
202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/11/202511/09/202406/10/202330/01/202324/02/202123/09/2020
General meeting26/06/202520/06/202425/05/202330/11/202223/02/202116/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202426/06/202517/11/2025FrenchPDF
Micro model31/12/202320/06/202411/09/2024FrenchPDF
Micro model31/12/202225/05/202306/10/2023FrenchPDF
Micro model31/12/202130/11/202230/01/2023FrenchPDF
Abridged model31/12/202023/02/202124/02/2021FrenchPDF
Abridged model31/12/201916/06/202023/09/2020FrenchPDF
Abridged model31/12/201826/06/201902/08/2019FrenchPDF
Abridged model31/12/201720/06/201826/07/2018FrenchPDF
Abridged model31/12/201613/06/201709/08/2017FrenchPDF
Abridged model31/12/201515/06/201619/07/2016FrenchPDF
Abridged model31/12/201418/06/201523/07/2015FrenchPDF
Abridged model31/12/201314/05/201410/07/2014FrenchPDF
Abridged model31/12/201205/06/201319/07/2013FrenchPDF
Abridged model31/12/201108/05/201207/06/2012FrenchPDF
Abridged model31/12/201024/05/201127/06/2011FrenchPDF
Abridged model31/12/200912/05/201028/05/2010FrenchPDF
Abridged model31/12/200820/05/200927/07/2009FrenchPDF
Abridged model31/12/200720/05/200827/06/2008FrenchPDF
Abridged model31/12/200610/05/200727/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 37 ended

Active mandates

Mehtap Ozlem Salihoglu

Mandate

Active
Michael Harrington

Mandate

Active

Ended mandates

Abraham GRAEBER

Vice-chairman of the board of directors

Ended
Andres FRED

Director

Ended
Aneta KUTZAROVA

Director

Ended
Bram GRAEBER

Vice-chairman of the board of directors

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office24/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - SIEGE SOCIAL
    PDF
  • Mandates17/02/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates20/08/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/12/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/12/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/07/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/07/2017
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024-139,5 k €↓
  2. 2024
    Name changeAirlines International Representation in Europe
  3. 2023
    Annual accounts 202367 k €↑
  4. 2022
    Annual accounts 202254,9 k €↓
  5. 2021
    Annual accounts 202176,6 k €↑
  6. 2021
    Name changeAIRE
  7. 2020
    Annual accounts 2020-86,9 k €↓
  8. 2019
    Annual accounts 2019-20,3 k €↑
  9. 2018
    Annual accounts 2018-85,1 k €↑
  10. 2017
    Annual accounts 2017-244,4 k €↓
  11. 2016
    Annual accounts 2016-166,2 k €↓
  12. 2015
    Annual accounts 2015-12,5 k €↓
  13. 2014
    Annual accounts 20149,9 k €↑
  14. 2013
    Annual accounts 20134,8 k €↓
  15. 2012
    Annual accounts 201253,4 k €↓
  16. 2011
    Annual accounts 201156,1 k €↑
  17. 2010
    Annual accounts 201025,1 k €↓
  18. 2009
    Annual accounts 200954,9 k €↓
  19. 2008
    Annual accounts 200855,8 k €↓
  20. 2007
    Annual accounts 200798,4 k €
  21. 26/05/1983
    IncorporationInternational non-profit organization