ACTIVE

BRUSSELS AIRPORT HOTEL

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Financial year 2025 · Closed on 31/12/2025

Net result2,1 M €-22,3 %over 1 year
Revenue20,9 M €-0,1 %over 1 year
Equity8,2 M €0,0 %over 1 year
Workforce171,3 ETP+2,2 %over 1 year

Identity

Source · BCE/KBO

BRUSSELS AIRPORT HOTEL is a Public limited company incorporated in 1985. Its registered office is in Zaventem. It employs on average 171,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.116.626
Incorporation
15/11/1985
Legal form
Public limited company
Registered office
Luchthaven Brussel Nationaal ZN
1930 Zaventem · FlandreSee on map
Contributed capital
7 498 779,00 €
Latest accounts
31/12/2025
Average workforce
171,3 ETP
Joint committees (1)
  • 302
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue20,9 M €20,9 M €19,9 M €16,9 M €8 M €
EBITDA3,8 M €4,7 M €3,3 M €3,3 M €-9,4 k €
Operating result2,8 M €3,7 M €3 M €1,6 M €-1,2 M €
Net result2,1 M €2,7 M €2,2 M €1,2 M €-1,4 M €
Balance sheet
Equity8,2 M €8,2 M €8,2 M €8,2 M €7 M €
Total assets15,9 M €15,8 M €15,8 M €16,1 M €14,2 M €
Cash4,5 M €4,4 M €4,1 M €4 M €1,9 M €
Debts7,6 M €7,5 M €7,3 M €7,1 M €6,8 M €
Other
Workforce171,3 ETP167,6 ETP157,9 ETP150,9 ETP133,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 24 ended

Active mandates

Geert AERTS

Director · since 09 mai 2023 · until 13 mai 2031

Active
Arnaud FEIST

Director · since 18 décembre 2020 · until 13 mai 2031

Active
Davy VREYS

Director · since 18 décembre 2020 · until 13 mai 2031

Active

Ended mandates

Geert AERTS

Director · since 09 mai 2023 · until 13 mai 2025

Ended
Arnaud FEIST

Director · since 18 décembre 2020 · until 13 mai 2025

Ended
Davy VREYS

Director · since 18 décembre 2020 · until 13 mai 2025

Ended
Piet DEMUNTER

Director · since 18 décembre 2020 · until 11 août 2023

Ended

Other companies at this address

Luchthaven Brussel Nationaal ZN 1930 Zaventem
CompanyCBE no.
ABELAG HANDLING● Active
0400.366.114
Aeronautique 58● Active
0406.561.642
AVIAPARTNER GROUP SHARED SERVICES● Active
0643.921.632
Aviapartner Holding● Active
0432.388.386
Aviapartner Solidarity Association● Active
1004.015.029
DE LUCHTHAVEN APOTHEEK● Active
0873.145.696
Distributienet- Beheer Brussels Airport● Active
0863.269.712
International Airport Coordination Support● Active
0630.944.715
WFS CARGO NV● Active
0563.910.290

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202627/05/202521/06/202430/06/202325/10/202229/06/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202215/06/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202623/06/2026DutchPDF
Full model31/12/202413/05/202527/05/2025DutchPDF
Full model31/12/202314/05/202421/06/2024DutchPDF
Full model31/12/202209/05/202330/06/2023DutchPDF
Full modelCorrection31/12/202110/05/202225/10/2022DutchPDF
Full model31/12/202110/05/202223/06/2022DutchPDF
Full model31/12/202015/06/202129/06/2021DutchPDF
Full model31/12/201921/10/202026/10/2020DutchPDF
Full model31/12/201830/06/201909/07/2019DutchPDF
Full model31/12/201708/05/201816/05/2018DutchPDF
Full model31/12/201609/05/201718/05/2017DutchPDF
Full model31/12/201510/05/201628/06/2016DutchPDF
Full model31/12/201412/05/201509/06/2015DutchPDF
Full model31/12/201313/05/201416/06/2014DutchPDF
Full model31/12/201214/05/201331/07/2013DutchPDF
Full model31/12/201107/05/201204/06/2012DutchPDF
Full model31/12/201010/05/201116/06/2011DutchPDF
Full model31/12/200928/06/201013/07/2010DutchPDF
Full model31/12/200812/05/200911/06/2009DutchPDF
Full model31/12/200720/06/200830/06/2008DutchPDF
Full model31/12/200627/02/200729/03/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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 31/12/2025

3 active · 24 ended

Active mandates

Geert AERTS

Director · since 09 mai 2023 · until 13 mai 2031

Active
Arnaud FEIST

Director · since 18 décembre 2020 · until 13 mai 2031

Active
Davy VREYS

Director · since 18 décembre 2020 · until 13 mai 2031

Active

Ended mandates

Geert AERTS

Director · since 09 mai 2023 · until 13 mai 2025

Ended
Arnaud FEIST

Director · since 18 décembre 2020 · until 13 mai 2025

Ended
Davy VREYS

Director · since 18 décembre 2020 · until 13 mai 2025

Ended
Piet DEMUNTER

Director · since 18 décembre 2020 · until 11 août 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,1 M €↓
  2. 13/05/2025
    reconductionArnaud Feist — bestuurder
  3. 13/05/2025
    reconductionDavy Vreys — bestuurder
  4. 13/05/2025
    reconductionGeert Aerts — bestuurder
  5. 2024
    Annual accounts 20242,7 M €↑
  6. 15/07/2024
    nominationTom Meuleman — vaste vertegenwoordiger
  7. 15/07/2024
    nominationTom Meuleman — commissaris
  8. 14/05/2024
    nominationGriet Helsen — commissaris
  9. 2023
    Annual accounts 20232,2 M €↑
  10. 20/03/2023
    nominationGeert Aerts — bestuurder
  11. 2022
    Annual accounts 20221,2 M €↑
  12. 2021
    Annual accounts 2021-1,4 M €↑
  13. 2020
    Annual accounts 2020-2 M €↓
  14. 2020
    Name changeBrussels Airport Hotel
  15. 2019
    Annual accounts 20192,2 M €↑
  16. 2018
    Annual accounts 20182 M €↑
  17. 2017
    Annual accounts 20171,1 M €↑
  18. 2016
    Annual accounts 2016500,2 k €↓
  19. 2015
    Annual accounts 20151,3 M €↑
  20. 2014
    Annual accounts 2014482 k €↓
  21. 2013
    Annual accounts 2013751,5 k €↓
  22. 2012
    Annual accounts 20121 M €↓
  23. 2011
    Annual accounts 20111,4 M €↑
  24. 2010
    Annual accounts 2010-981,1 k €↓
  25. 2009
    Annual accounts 2009154,6 k €↓
  26. 2008
    Annual accounts 20081,2 M €↓
  27. 2007
    Annual accounts 20071,3 M €
  28. 2007
    Name changeAIRHOTEL BELGIUM
  29. 15/11/1985
    IncorporationPublic limited company