ACTIVE

Air conditioning and Refrigeration European Association

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Financial year 2025 · closed on 31/12/2025
Net result
4,9 k €
+172.9% YoY
Gross margin
4,9 k €
+172.9% YoY
Equity
114,0 k €
+4.5% YoY

What does Air conditioning and Refrigeration European Association do?

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· main70200Management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin4,9 k €-6,8 k €-19,6 k €-28,5 k €
EBITDA4,9 k €-6,8 k €-19,6 k €-28,5 k €
Operating result4,9 k €-6,8 k €-19,6 k €-28,5 k €
Net result4,9 k €-6,8 k €-19,6 k €-28,5 k €
Balance sheet
Equity114,0 k €109,0 k €115,8 k €135,4 k €
Total assets115,2 k €161,0 k €166,1 k €172,5 k €
Cash107,9 k €143,5 k €164,5 k €149,7 k €
Debts1,3 k €52,0 k €50,3 k €37,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 17 ended

Active mandates

Coen Van de Sande

Chairman of the board of directors · since 24 mai 2024 · until 22 mai 2026

Active
Espen Ronning

Director · since 24 mai 2024 · until 22 mai 2026

Active
Grzegorz Michalski

Vice-président du conseil d'administration · since 24 mai 2024 · until 22 mai 2026

Active
Marco Buoni

Director · since 24 mai 2024 · until 22 mai 2026

Active
Seamus Kerr

Director · since 24 mai 2024 · until 22 mai 2026

Active
Stepan Stojanov

Director · since 24 mai 2024 · until 22 mai 2026

Active
Thanos Biris

Director · since 24 mai 2024 · until 22 mai 2026

Active
Claire Grossmann

Autre fonction · since 13 mai 2022

Active

Ended mandates

Claire Grossmann

Autre fonction · since 24 mai 2024

Ended
Coen Van de Sande

Chairman of the board of directors · since 24 mai 2024 · until 24 mai 2026

Ended
Espen Ronning

Director · since 24 mai 2024 · until 24 mai 2026

Ended
Grzegorz Michalski

Director · since 24 mai 2024 · until 24 mai 2026

Ended
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Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months12 months
Filing date28/07/202603/07/202522/08/202427/07/2023
General meeting22/05/202623/05/202524/05/202426/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202522/05/202628/07/2026FrenchPDF
Micro model31/12/202423/05/202503/07/2025FrenchPDF
Micro model31/12/202324/05/202422/08/2024FrenchPDF
Micro model31/12/202226/05/202327/07/2023FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 17 ended

Active mandates

Coen Van de Sande

Chairman of the board of directors · since 24 mai 2024 · until 22 mai 2026

Active
Espen Ronning

Director · since 24 mai 2024 · until 22 mai 2026

Active
Grzegorz Michalski

Vice-président du conseil d'administration · since 24 mai 2024 · until 22 mai 2026

Active
Marco Buoni

Director · since 24 mai 2024 · until 22 mai 2026

Active
Seamus Kerr

Director · since 24 mai 2024 · until 22 mai 2026

Active
Stepan Stojanov

Director · since 24 mai 2024 · until 22 mai 2026

Active
Thanos Biris

Director · since 24 mai 2024 · until 22 mai 2026

Active
Claire Grossmann

Autre fonction · since 13 mai 2022

Active

Ended mandates

Claire Grossmann

Autre fonction · since 24 mai 2024

Ended
Coen Van de Sande

Chairman of the board of directors · since 24 mai 2024 · until 24 mai 2026

Ended
Espen Ronning

Director · since 24 mai 2024 · until 24 mai 2026

Ended
Grzegorz Michalski

Director · since 24 mai 2024 · until 24 mai 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/09/2026
    CONSEIL D'ADMINISTRATION : ELECTIONS - DEMISSIONS
    PDF
  • Registered office30/09/2025
    SIEGE SOCIAL
    PDF
  • Mandates18/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other24/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/05/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 20254,9 k €↑
  2. 2024
    Annual accounts 2024-6,8 k €↑
  3. 2023
    Annual accounts 2023-19,6 k €↑
  4. 2022
    Annual accounts 2022-28,5 k €
  5. 06/03/1990
    IncorporationInternational non-profit organization