ACTIVE

Air conditioning and Refrigeration European Association

Financial year 2025 · Closed on 31/12/2025

Net result4,9 k €+172,9 %over 1 year

Gross margin4,9 k €+172,9 %over 1 year

Equity114 k €+4,5 %over 1 year

Identity

Source · BCE/KBO

Air conditioning and Refrigeration European Association is a International non-profit organization incorporated in 1990. Its main activity is: Activities of business and employers membership organisations. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.154.920
Incorporation: 06/03/1990
Legal form: International non-profit organization
Registered office: Avenue des Arts 56
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025

Activities (NACE)

94110Activities of business and employers membership organisations· main 70200Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 4 filings

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
Gross margin	4,9 k €	+173%	-6,8 k €	+65.5%	-19,6 k €	+31.1%	-28,5 k €
EBITDA	4,9 k €	+173%	-6,8 k €	+65.5%	-19,6 k €	+31.1%	-28,5 k €
Operating result	4,9 k €	+173%	-6,8 k €	+65.5%	-19,6 k €	+31.1%	-28,5 k €
Net result	4,9 k €	+173%	-6,8 k €	+65.5%	-19,6 k €	+31.1%	-28,5 k €
Balance sheet
Equity	114 k €	+4.5%	109 k €	-5.8%	115,8 k €	-14.5%	135,4 k €
Total assets	115,2 k €	-28.5%	161 k €	-3.0%	166,1 k €	-3.7%	172,5 k €
Cash	107,9 k €	-24.8%	143,5 k €	-12.8%	164,5 k €	+9.9%	149,7 k €
Debts	1,3 k €	-97.6%	52 k €	+3.5%	50,3 k €	+35.6%	37,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Claire Grossmann	Autre fonctionsince 13/05/2022
Coen Van de Sande	Chairman of the board of directors13/05/2022 → 24/05/2026
Espen Ronning	Director13/05/2022 → 24/05/2026
Grzegorz Michalski	Vice-président du conseil d'administration13/05/2022 → 22/05/2026Director24/05/2024 → 2024 accountsended
Marco Buoni	Director13/05/2022 → 24/05/2026
Seamus Kerr	Director13/05/2022 → 24/05/2026
Stepan Stojanov	Director13/05/2022 → 22/05/2026Vice-président du conseil d'administration24/05/2024 → 2024 accountsended
Thanos Biris	Director13/05/2022 → 24/05/2026

Ended mandates

Director	Mandates in this company	Period
Mika Kapanen	Director13/11/2020 → 13/05/2022
Olivier Janin	Autre fonction01/11/2008 → 13/05/2022

Other companies at this address

Avenue des Arts 56 1000 Bruxelles

Company	CBE no.
ABC BRICO● Active	0681.444.992
ABCOOL SERVICE● Active	0769.748.646
ABRI PLUS● Active	0451.483.530
Accor Asia● Active	0466.569.208
ACCOR HOTELS BELGIUM● Active	0413.483.185
ACTIMO CONSULTING● Active	0866.746.369
AGROFROST● Active	0474.763.431
AJ MANAGEMENT● Bankrupt	0787.796.188
ALESTA● Active	1044.124.727
Alliuris, Alliance of International Business Lawyers● Active	0869.476.425
ALOHA● Active	0711.768.677
Ambassade d`Australie● Active	0850.074.643
AMBASSADEUR DE LA MISSION DIPLOMATIQUE AUSTRALIENNE● Active	0850.193.914
American Chamber of Commerce to the European Union● Active	0862.178.560
AMSET● Active	0829.315.455
Antwerp Transport Solutions● Bankrupt	0630.871.370
AOA CONSULTING● Active	0899.777.839
APPLIED TECHNOLOGIES CONSULTANTS● Active	0679.998.209
A & P TEAM● Active	0888.903.842
AQUA TROPICAL LIFE LOCATION● Active	0450.760.978

Full financial information

Source · NBB

	2025	2024	2023	2022
Type of account	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Length of the financial year	12 months	12 months	12 months	12 months
Filing date	28/07/2026	03/07/2025	22/08/2024	27/07/2023
General meeting	22/05/2026	23/05/2025	24/05/2024	26/05/2023
Currency of the financial year	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/05/2026	28/07/2026	French	PDF
Micro model	31/12/2024	23/05/2025	03/07/2025	French	PDF
Micro model	31/12/2023	24/05/2024	22/08/2024	French	PDF
Micro model	31/12/2022	26/05/2023	27/07/2023	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025

8 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Claire Grossmann	Autre fonctionsince 13/05/2022
Coen Van de Sande	Chairman of the board of directors13/05/2022 → 24/05/2026
Espen Ronning	Director13/05/2022 → 24/05/2026
Grzegorz Michalski	Vice-président du conseil d'administration13/05/2022 → 22/05/2026Director24/05/2024 → 2024 accountsended
Marco Buoni	Director13/05/2022 → 24/05/2026
Seamus Kerr	Director13/05/2022 → 24/05/2026
Stepan Stojanov	Director13/05/2022 → 22/05/2026Vice-président du conseil d'administration24/05/2024 → 2024 accountsended
Thanos Biris	Director13/05/2022 → 24/05/2026

Ended mandates

Director	Mandates in this company	Period
Mika Kapanen	Director13/11/2020 → 13/05/2022
Olivier Janin	Autre fonction01/11/2008 → 13/05/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/09/2026
CONSEIL D'ADMINISTRATION : ELECTIONS - DEMISSIONS
PDF
Registered office30/09/2025
Modification du siège social
PDF
Mandates18/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other24/11/2023
ADOPTION D'UN NOUVEAU TEXTE DES STATUTS EN CONFORMITÉ AVEC
PDF
Mandates08/09/2022
DEMISSIONS, NOMINATIONS
PDF
Other31/12/2020
CONSEIL D'ADMINISTRATION -ELECTIONS
PDF
Other26/09/2019
CONSEIL D'ADMINISTRATION - ELECTIONS
PDF
Other29/05/2019
Modification des statuts
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings4 filings

Mandates

Grzegorz Michalski

Marco Buoni

Espen Ronning

Coen Van de Sande

Thanos Biris

Stepan Stojanov

Seamus Kerr

Claire Grossmann

Mika Kapanen

Olivier Janin

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

AREA

Avenue des Arts 56, 1000 Brusselsboulevard Auguste Reyers 80, 1030 Schaerbeek

Vice-président du conseil d'administration

Director

Chairman of the board of directors

Director

Autre fonction

Director

Autre fonction

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Arts 56, 1000 BrusselsCurrent	accounts 2025	Accounts 2025 · 2026-00342616
boulevard Auguste Reyers 80, 1030 Schaerbeek	accounts 2022 → 2024	Accounts 2024 · 2025-00239268

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Air conditioning and Refrigeration European AssociationCurrent		CBE
AREA	accounts 2022 → 2025	Accounts 2025 · 2026-00342616

Events

2025
Annual accounts 20254,9 k €↑
2024
Annual accounts 2024-6,8 k €↑
2023
Annual accounts 2023-19,6 k €↑
2022
Annual accounts 2022-28,5 k €
06/03/1990
IncorporationInternational non-profit organization

Air conditioning and Refrigeration European Association

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events