SYSTEMAIR
0438.835.324 · rovalta.com · 23/09/2026
ACTIVE
SYSTEMAIR
Financial year 2025 · closed on 30/04/2025
Net result
1,3 M €
+16.4% YoY
Revenue
22,8 M €
+5.1% YoY
Equity
4,5 M €
+23.0% YoY
Workforce
28,2 ETP
+4.1% YoY
Overview
What does SYSTEMAIR do?
SYSTEMAIR is a Public limited company incorporated in 1989. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Aarschot. It employs on average 28,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.835.324
Incorporation
03/11/1989
Legal form
Public limited company
Registered office
Nieuwlandlaan 133 box 635
3200 Aarschot · FlandreSee on map
3200 Aarschot · FlandreSee on map
Contributed capital
3 374 000,00 €
Latest accounts
30/04/2025
Average workforce
28,2 ETP
Activities (NACE)
Joint committees (3)
- 14901
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 22,8 M € | +5.1% | 21,7 M € | +13.5% | 19,1 M € | +37.6% | 13,9 M € | +1.8% | 13,6 M € | +19.9% | 11,4 M € | -1.6% | 11,6 M € | – | – | – | – | – | 6,7 M € | +14.3% | 5,9 M € | -3.1% | 6,1 M € | -10.3% | 6,8 M € | -4.0% | 7,1 M € | -3.7% | 7,3 M € | +10.3% | 6,6 M € | ||||||
| EBITDA | 2 M € | +11.9% | 1,8 M € | +23.1% | 1,5 M € | +75.1% | 847,5 k € | +21.2% | 699 k € | +1314% | 49,4 k € | -84.3% | 314,7 k € | +145% | -699,2 k € | -850% | -73,6 k € | +83.6% | -449 k € | -1572% | -26,9 k € | +95.8% | -646,4 k € | -273% | 373,7 k € | +72.9% | 216,2 k € | -58.5% | 521 k € | +252% | -341,8 k € | -469% | 92,7 k € | -55.1% | 206,6 k € | -35.6% | 320,8 k € |
| Operating result | 1,8 M € | +14.9% | 1,5 M € | +11.7% | 1,4 M € | +110% | 657,7 k € | +24.6% | 527,9 k € | +737% | -82,9 k € | -149% | 168,3 k € | +119% | -865,9 k € | -225% | -266,2 k € | +59.1% | -650,7 k € | -26.2% | -515,7 k € | +58.5% | -1,2 M € | -916% | 152,3 k € | +954% | -17,8 k € | -107% | 273,4 k € | +157% | -479,3 k € | -311% | -116,7 k € | -422% | 36,3 k € | -84.0% | 227,4 k € |
| Net result | 1,3 M € | +16.4% | 1,1 M € | +1.2% | 1,1 M € | +70.5% | 632,5 k € | +23.0% | 514,3 k € | +592% | -104,6 k € | -197% | 108 k € | +112% | -897,7 k € | -199% | -300,4 k € | +63.3% | -819,2 k € | -22.2% | -670,5 k € | +44.3% | -1,2 M € | -1654% | 77,4 k € | +180% | -97,1 k € | -156% | 172,1 k € | +133% | -526,4 k € | -166% | -197,9 k € | -157% | 345,4 k € | +163% | 131,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 4,5 M € | +23.0% | 3,7 M € | +22.1% | 3 M € | +53.7% | 2 M € | +44.8% | 1,4 M € | +56.4% | 864,7 k € | -13.1% | 995,6 k € | +148% | -2,1 M € | -79.5% | -1,2 M € | -39.1% | -835,5 k € | -8389% | 10,1 k € | -98.6% | 712,4 k € | -63.4% | 1,9 M € | +2.4% | 1,9 M € | -6.3% | 2 M € | +24.1% | 1,6 M € | -24.8% | 2,2 M € | -9.5% | 2,4 M € | +54.7% | 1,6 M € |
| Total assets | 8,7 M € | +20.9% | 7,2 M € | -22.8% | 9,3 M € | +32.3% | 7,1 M € | +26.0% | 5,6 M € | -14.8% | 6,6 M € | +21.0% | 5,4 M € | -10.7% | 6,1 M € | +41.5% | 4,3 M € | -17.5% | 5,2 M € | +24.1% | 4,2 M € | -9.9% | 4,7 M € | -17.7% | 5,7 M € | +1.5% | 5,6 M € | -4.2% | 5,8 M € | +0.3% | 5,8 M € | -7.4% | 6,3 M € | -8.4% | 6,8 M € | +99.0% | 3,4 M € |
| Cash | 57,9 k € | -33.0% | 86,5 k € | +373% | 18,3 k € | -76.3% | 77,1 k € | +13.8% | 67,7 k € | -24.4% | 89,5 k € | -12.7% | 102,6 k € | +4.4% | 98,3 k € | -71.3% | 342,4 k € | -53.8% | 741,2 k € | +1264% | 54,3 k € | -73.4% | 204,2 k € | -13.7% | 236,6 k € | +8.4% | 218,3 k € | -37.5% | 349,4 k € | +635% | 47,5 k € | +1.8% | 46,7 k € | -64.4% | 131,1 k € | -44.2% | 234,9 k € |
| Debts | 4 M € | +20.3% | 3,3 M € | -46.1% | 6,2 M € | +25.0% | 5 M € | +19.7% | 4,1 M € | -27.2% | 5,7 M € | +34.4% | 4,2 M € | -46.4% | 7,9 M € | +46.9% | 5,4 M € | -11.0% | 6 M € | +45.6% | 4,2 M € | +6.2% | 3,9 M € | +10.6% | 3,5 M € | +1.1% | 3,5 M € | -2.6% | 3,6 M € | -9.1% | 3,9 M € | +4.0% | 3,8 M € | -7.9% | 4,1 M € | +135% | 1,8 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 28,2 ETP | +4.1% | 27,1 ETP | +3.8% | 26,1 ETP | +13.5% | 23,0 ETP | +5.0% | 21,9 ETP | +12.3% | 19,5 ETP | +8.3% | 18,0 ETP | -10.4% | 20,1 ETP | +3.6% | 19,4 ETP | -6.3% | 20,7 ETP | +9.5% | 18,9 ETP | -7.4% | 20,4 ETP | +3.0% | 19,8 ETP | +1.0% | 19,6 ETP | -12.9% | 22,5 ETP | -19.9% | 28,1 ETP | +4.1% | 27,0 ETP | -2.5% | 27,7 ETP | +8.6% | 25,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/04/2025 · 3 active · 21 ended
Active mandates
Bengt Anders Claesson Ulff
ActiveKarl-Olof Glassel
ActiveSteve Robijn
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Menerga● Active | 0463.715.131 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/05/2024 | 01/05/2023 | 01/05/2022 | 01/05/2021 | 01/05/2020 | 01/05/2019 |
| Closing of the financial year | 30/04/2025 | 30/04/2024 | 30/04/2023 | 30/04/2022 | 30/04/2021 | 30/04/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/11/2025 | 29/11/2024 | 06/12/2023 | 06/12/2022 | 24/11/2021 | 30/11/2020 |
| General meeting | 29/11/2025 | 29/11/2024 | 29/11/2023 | 13/10/2022 | 15/10/2021 | 28/10/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/04/2025 | 29/11/2025 | 29/11/2025 | Dutch | |
| Full model | 30/04/2024 | 29/11/2024 | 29/11/2024 | Dutch | |
| Full model | 30/04/2023 | 29/11/2023 | 06/12/2023 | Dutch | |
| Full model | 30/04/2022 | 13/10/2022 | 06/12/2022 | Dutch | |
| Full model | 30/04/2021 | 15/10/2021 | 24/11/2021 | Dutch | |
| Full model | 30/04/2020 | 28/10/2020 | 30/11/2020 | French | |
| Full model | 30/04/2019 | 20/09/2019 | 31/10/2019 | French | |
| Abridged model | 30/04/2018 | 20/09/2018 | 31/10/2018 | French | |
| Abridged model | 30/04/2017 | 21/09/2017 | 30/10/2017 | French | |
| Abridged model | 30/04/2016 | 15/09/2016 | 28/10/2016 | French | |
| Abridged model | 30/04/2015 | 17/09/2015 | 22/12/2015 | French | |
| Abridged model | 31/12/2013 | 30/04/2014 | 31/10/2014 | French | |
| Full model | 31/12/2012 | 24/04/2013 | 22/08/2013 | French | |
| Full model | 31/12/2011 | 25/04/2012 | 31/08/2012 | French | |
| Full model | 31/12/2010 | 27/04/2011 | 09/08/2011 | French | |
| Full model | 31/12/2009 | 30/06/2010 | 27/07/2010 | French | |
| Full model | 31/12/2008 | 29/06/2009 | 30/07/2009 | French | |
| Full model | 31/12/2007 | 30/04/2008 | 25/06/2008 | French | |
| Full model | 31/12/2006 | 06/06/2007 | 17/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/04/2025 · 3 active · 21 ended
Active mandates
Bengt Anders Claesson Ulff
ActiveKarl-Olof Glassel
ActiveSteve Robijn
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other15/04/2021OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates13/04/2021SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates10/12/2020DEMISSIONS, NOMINATIONS
- Capital / shares09/05/2019CAPITAL, ACTIONS
- Mandates16/05/2018DEMISSIONS, NOMINATIONS
- Restructuring30/05/2016RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring13/11/2015RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates09/06/2015DENOMINATION - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,3 M €↑
- 2024Annual accounts 20241,1 M €↑
- 2023Annual accounts 20231,1 M €↑
- 2022Annual accounts 2022632,5 k €↑
- 2021Annual accounts 2021514,3 k €↑
- 2020Annual accounts 2020-104,6 k €↓
- 2019Annual accounts 2019108 k €↑
- 2018Annual accounts 2018-897,7 k €↓
- 2017Annual accounts 2017-300,4 k €↑
- 2016Annual accounts 2016-819,2 k €↓
- 2015Annual accounts 2015-670,5 k €↑
- 2013Annual accounts 2013-1,2 M €↓
- 2012Annual accounts 201277,4 k €↑
- 2011Annual accounts 2011-97,1 k €↓
- 2010Annual accounts 2010172,1 k €↑
- 2009Annual accounts 2009-526,4 k €↓
- 2008Annual accounts 2008-197,9 k €↓
- 2007Annual accounts 2007345,4 k €↑
- 2006Annual accounts 2006131,4 k €
- 03/11/1989IncorporationPublic limited company