ACTIVE

VENTAIR

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Financial year 2025 · closed on 31/12/2025

Net result

610 k €

+1737.2% YoY

Gross margin

3,4 M €

+24.1% YoY

Equity

1,6 M €

+57.0% YoY

Workforce

39,1 ETP

-6.7% YoY

What does VENTAIR do?

VENTAIR is a Private limited company incorporated in 1998. Its registered office is in Nivelles. It employs on average 39,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.666.523

Incorporation

01/12/1998

Legal form

Private limited company

Registered office

Rue Graham Bell 19
1402 Nivelles · WallonieSee on map

Contributed capital

46 200,00 €

Latest accounts

31/12/2025

Average workforce

39,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,4 M €	+24.1%	2,7 M €	-5.3%	2,9 M €	+4.7%	2,8 M €	+22.9%	2,2 M €	-11.1%	2,5 M €	+57.8%	1,6 M €	+31.9%	1,2 M €	+20.6%	1 M €	+37.8%	731,3 k €	+50.8%	485,1 k €	-10.8%	544 k €	+74.3%	312,2 k €	-10.4%	348,6 k €	-6.3%	372,1 k €	-35.3%	575,2 k €	+26.6%	454,2 k €	+31.6%	345,2 k €	+59.1%	216,9 k €
EBITDA	1,2 M €	+275%	315,4 k €	-50.4%	635,5 k €	-17.6%	771,3 k €	+49.1%	517,2 k €	-23.1%	672,6 k €	+95.2%	344,5 k €	-17.9%	419,7 k €	+178%	150,7 k €	-10.7%	168,7 k €	+30.1%	129,7 k €	-46.1%	240,6 k €	+354%	53 k €	-68.2%	166,4 k €	+686%	21,2 k €	-69.1%	68,5 k €	-32.2%	100,9 k €	+26.1%	80 k €	+46.0%	54,8 k €
Operating result	938,5 k €	+3183%	28,6 k €	-92.5%	381,8 k €	-16.9%	459,5 k €	+59.1%	288,9 k €	-36.0%	451,3 k €	+148%	181,7 k €	-42.2%	314,1 k €	+321%	74,6 k €	-25.3%	99,8 k €	+48.8%	67,1 k €	-65.8%	196 k €	+896%	19,7 k €	-84.8%	129,9 k €	+748%	-20 k €	-204%	19,3 k €	-60.3%	48,6 k €	+91.9%	25,3 k €	+1285%	1,8 k €
Net result	610 k €	+1737%	-37,3 k €	-115%	241,4 k €	-19.9%	301,4 k €	+71.2%	176 k €	-48.6%	342,4 k €	+147%	138,6 k €	+52.7%	90,7 k €	-0.6%	91,3 k €	+7.0%	85,4 k €	+95.9%	43,6 k €	-62.6%	116,6 k €	+1262%	8,6 k €	-89.6%	82,6 k €	+495%	-20,9 k €	-1208%	1,9 k €	-75.3%	7,7 k €	-31.2%	11,1 k €	+2460%	434,4 €
Balance sheet
Equity	1,6 M €	+57.0%	1 M €	-3.5%	1,1 M €	-41.8%	1,8 M €	+19.9%	1,5 M €	+13.2%	1,3 M €	+84.0%	726 k €	+23.6%	587,4 k €	+18.3%	496,6 k €	+22.4%	405,8 k €	+26.7%	320,4 k €	+15.7%	276,8 k €	+119%	126,4 k €	+7.3%	117,8 k €	+234%	35,3 k €	-37.2%	56,2 k €	+3.5%	54,3 k €	+16.4%	46,6 k €	+69.0%	27,6 k €
Total assets	5,1 M €	+4.4%	4,9 M €	-3.3%	5 M €	+3.6%	4,9 M €	+17.3%	4,1 M €	+2.9%	4 M €	+22.3%	3,3 M €	+36.5%	2,4 M €	+33.0%	1,8 M €	+21.8%	1,5 M €	+20.1%	1,2 M €	+19.4%	1 M €	+13.5%	913,8 k €	+32.1%	691,9 k €	-1.7%	704,1 k €	+5.4%	667,8 k €	+13.3%	589,5 k €	-2.4%	603,9 k €	+26.4%	477,8 k €
Cash	652,4 k €	+82.5%	357,6 k €	-44.6%	645,5 k €	+165%	243,3 k €	-57.9%	578 k €	-4.0%	602,3 k €	+1813%	31,5 k €	+49.6%	21 k €	-91.4%	245,9 k €	-24.0%	323,5 k €	+53.8%	210,3 k €	-41.9%	361,8 k €	+133%	155,5 k €	+386%	32 k €	-50.3%	64,4 k €	+8.6%	59,3 k €	-20.1%	74,2 k €	+315%	17,9 k €	-63.3%	48,7 k €
Debts	3,4 M €	-9.2%	3,8 M €	-3.9%	4 M €	+35.3%	2,9 M €	+12.9%	2,6 M €	-2.5%	2,7 M €	+3.6%	2,6 M €	+44.8%	1,8 M €	+56.5%	1,1 M €	+4.7%	1,1 M €	+17.8%	917,2 k €	+20.7%	760 k €	+2.6%	740,9 k €	+40.2%	528,3 k €	-18.1%	645,1 k €	+9.7%	587,9 k €	+9.8%	535,3 k €	-3.9%	557,3 k €	+23.8%	450 k €
Other
Workforce	39,1 ETP	-6.7%	41,9 ETP		–		38,2 ETP		–		–		–		–		17,9 ETP	+20.1%	14,9 ETP	+63.7%	9,1 ETP	0.0%	9,1 ETP	+26.4%	7,2 ETP	-15.3%	8,5 ETP	-25.4%	11,4 ETP	-23.0%	14,8 ETP	+48.0%	10,0 ETP	0.0%	10,0 ETP	0.0%	10,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 2 ended

Active mandates

EEG GROUP

Director · since 03 décembre 2025 · 0466.518.431

Represented by Griet Delporte

Active

Karl Neyrinck

Director · since 03 décembre 2025

Active

Sylvain Kapusi

Director · until 31 décembre 2025

Active

Ended mandates

Sylvain Kapusi

Mandate

Ended

SYLVAIN KAPUSI

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	19/06/2025	05/07/2024	27/06/2023	23/06/2022	01/07/2021
General meeting	04/06/2026	06/06/2025	06/06/2024	02/06/2023	03/06/2022	04/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	05/07/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	27/06/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	01/07/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	26/06/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	22/09/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	24/09/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	15/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 2 ended

Active mandates

EEG GROUP

Director · since 03 décembre 2025 · 0466.518.431

Represented by Griet Delporte

Active

Karl Neyrinck

Director · since 03 décembre 2025

Active

Sylvain Kapusi

Director · until 31 décembre 2025

Active

Ended mandates

Sylvain Kapusi

Mandate

Ended

SYLVAIN KAPUSI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Restructuring24/01/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/11/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office24/09/2019
SIEGE SOCIAL
PDF
Capital / shares17/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares20/10/2005
CAPITAL, ACTIONS - DIVERS - ASSEMBLEE GENERALE - 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

2025
Annual accounts 2025610 k €↑
2024
Annual accounts 2024-37,3 k €↓
2023
Annual accounts 2023241,4 k €↓
2022
Annual accounts 2022301,4 k €↑
2021
Annual accounts 2021176 k €↓
2020
Annual accounts 2020342,4 k €↑
2018
Annual accounts 2018138,6 k €↑
2017
Annual accounts 201790,7 k €↓
2016
Annual accounts 201691,3 k €↑
2015
Annual accounts 201585,4 k €↑
2014
Annual accounts 201443,6 k €↓
2013
Annual accounts 2013116,6 k €↑
2012
Annual accounts 20128,6 k €↓
2011
Annual accounts 201182,6 k €↑
2010
Annual accounts 2010-20,9 k €↓
2009
Annual accounts 20091,9 k €↓
2008
Annual accounts 20087,7 k €↓
2007
Annual accounts 200711,1 k €↑
2006
Annual accounts 2006434,4 €
01/12/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VENTAIR

Overview

What does VENTAIR do?

Trend over 19 financial years

Indicative valuation

Board of directors

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