ACTIVE

AIRPAR

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Financial year 2025 · closed on 31/12/2025

Net result

91,7 k €

+43.2% YoY

Revenue

236,9 k €

-4.3% YoY

Equity

3,5 M €

+317.4% YoY

What does AIRPAR do?

AIRPAR is a Public limited company incorporated in 2000. Its main activity is: Advertising agencies. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.621.603

Incorporation

27/12/2000

Legal form

Public limited company

Registered office

Avenue du Général de Gaulle 26 box 4
1050 Ixelles · BruxellesSee on map

Contributed capital

2 135 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities 70100Activities of head offices 70100Activities of head offices 73200Market research and public opinion polling+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	236,9 k €	-4.3%	247,5 k €	-9.3%	273 k €	+114%	127,8 k €	+60.2%	79,8 k €	+7.3%	74,3 k €	-30.5%	107 k €	-50.6%	216,5 k €	-53.9%	470,1 k €	-21.9%	601,6 k €	+71.3%	351,1 k €	-18.2%	429,1 k €	+411%	84 k €	-22.2%	108 k €	+0.5%	107,5 k €	+72.5%	62,3 k €	-57.1%	145,4 k €	+48.2%	98,1 k €	-65.4%	283,5 k €	+52.0%	186,5 k €
EBITDA	103,1 k €	+3.6%	99,6 k €	+111%	47,2 k €	+39.3%	33,9 k €	+474%	-9,1 k €	+21.2%	-11,5 k €	+98.7%	-893,9 k €	-1347%	71,7 k €	-80.4%	365,3 k €	-23.4%	476,8 k €	+107%	229,9 k €	-30.9%	332,8 k €	+498%	55,6 k €	+106%	27 k €	-47.0%	50,9 k €	+11.3%	45,7 k €	-65.3%	132 k €	+723%	16 k €	-83.1%	94,7 k €	+1030%	-10,2 k €
Operating result	90,7 k €	+4.4%	86,8 k €	+149%	34,8 k €	+17.5%	29,6 k €	+330%	-12,9 k €	+15.9%	-15,3 k €	+98.3%	-897,7 k €	-1431%	67,5 k €	-81.5%	364,5 k €	-23.5%	476,3 k €	+119%	217,8 k €	-32.1%	320,7 k €	+629%	44 k €	+63.2%	27 k €	-47.0%	50,9 k €	+11.3%	45,7 k €	-65.3%	132 k €	+723%	16 k €	-83.1%	94,7 k €	+1030%	-10,2 k €
Net result	91,7 k €	+43.2%	64,1 k €	+57.5%	40,7 k €	+36.8%	29,7 k €	+251%	-19,7 k €	-17.3%	-16,8 k €	+98.1%	-894 k €	-1963%	48 k €	-70.6%	163,5 k €	-59.5%	403,7 k €	-70.6%	1,4 M €	+253%	388,9 k €	+576%	57,5 k €	+109%	-672,2 k €	-6270%	-10,6 k €	-123%	46,6 k €	-64.6%	131,6 k €	-28.3%	183,6 k €	+113%	-1,5 M €	-2357%	-59,3 k €
Balance sheet
Equity	3,5 M €	+317%	831,3 k €	+8.3%	767,3 k €	+5.6%	726,6 k €	-14.2%	846,9 k €	-2.3%	866,6 k €	-1.9%	883,5 k €	-50.3%	1,8 M €	+2.8%	1,7 M €	+10.4%	1,6 M €	-50.5%	3,2 M €	+76.6%	1,8 M €	+27.8%	1,4 M €	+4.3%	1,3 M €	-33.3%	2 M €	-0.5%	2 M €	+2.4%	2 M €	+7.1%	1,8 M €	+11.0%	1,7 M €	-46.7%	3,1 M €
Total assets	3,8 M €	+274%	1 M €	+4.8%	963,4 k €	-4.4%	1 M €	-4.0%	1 M €	-3.2%	1,1 M €	-30.1%	1,6 M €	-51.9%	3,2 M €	-2.7%	3,3 M €	-5.6%	3,5 M €	+3.8%	3,4 M €	+31.8%	2,6 M €	+82.0%	1,4 M €	+4.5%	1,3 M €	-35.5%	2,1 M €	-12.7%	2,4 M €	-0.5%	2,4 M €	-7.8%	2,6 M €	-9.6%	2,9 M €	-33.4%	4,3 M €
Cash	616,1 k €	+141%	255,7 k €	+25.3%	204 k €	+62.0%	126 k €	+90.6%	66,1 k €	-31.7%	96,7 k €	-82.1%	540,8 k €	+77.2%	305,1 k €	+181%	108,6 k €	-30.7%	156,7 k €	+24.8%	125,6 k €	+396%	25,3 k €	-91.1%	283,1 k €	-58.0%	673,6 k €	+1055%	58,3 k €	+146%	23,7 k €	+7434%	314 €	-98.9%	29,8 k €	+405%	5,9 k €	+458%	1,1 k €
Debts	299,5 k €	+85.6%	161,4 k €	-12.5%	184,4 k €	-33.2%	275,9 k €	+36.1%	202,7 k €	-6.6%	217,2 k €	-67.5%	668,2 k €	-53.8%	1,4 M €	-8.6%	1,6 M €	-18.6%	1,9 M €	+787%	219,3 k €	-71.7%	775,5 k €	+8882%	8,6 k €	+55.9%	5,5 k €	-92.7%	75,9 k €	-79.5%	369,7 k €	-13.8%	428,7 k €	-43.9%	764,4 k €	-37.5%	1,2 M €	+0.8%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Eric Hollander

Managing director · since 22 décembre 2000

Active

Henri Tassenoy

Mandate

Active

Ended mandates

Caroline Wittock

Director · since 01 juillet 2015 · until 01 avril 2018

Ended

Caroline Wittock

Director · since 01 juillet 2015

Ended

François-Xavier Huberlant

Director · since 22 décembre 2000 · until 30 septembre 2007

Ended

François-Xavier Huberlant

Director · since 22 décembre 2000 · until 31 décembre 2007

Ended

At this address

Other companies at this address

Company	CBE no.
LOTUS● Active	0727.635.107
Olimpex● Active	0421.882.296

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	11/07/2026	27/07/2025	26/07/2024	13/07/2023	23/07/2022	27/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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	30/06/2026	11/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	27/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	26/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	23/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	27/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	French	PDF
Full model	31/12/2011	29/06/2012	28/07/2012	French	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	French	PDF
Full model	31/12/2009	30/06/2010	19/07/2010	French	PDF
Full model	31/12/2008	30/06/2009	30/07/2009	French	PDF
Full model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Full model	31/12/2006	25/06/2007	18/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 7 ended

Active mandates

Eric Hollander

Managing director · since 22 décembre 2000

Active

Henri Tassenoy

Mandate

Active

Ended mandates

Caroline Wittock

Director · since 01 juillet 2015 · until 01 avril 2018

Ended

Caroline Wittock

Director · since 01 juillet 2015

Ended

François-Xavier Huberlant

Director · since 22 décembre 2000 · until 30 septembre 2007

Ended

François-Xavier Huberlant

Director · since 22 décembre 2000 · until 31 décembre 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/02/2026
SIEGE SOCIAL
PDF
Restructuring18/08/2025
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring04/06/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office15/09/2023
SIEGE SOCIAL
PDF
Mandates18/04/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office24/05/2018
SIEGE SOCIAL
PDF
Capital / shares29/11/2016
CAPITAL, ACTIONS
PDF
Mandates01/09/2016
DEMISSIONS, NOMINATIONS
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 202591,7 k €↑
2024
Annual accounts 202464,1 k €↑
2023
Annual accounts 202340,7 k €↑
2022
Annual accounts 202229,7 k €↑
2021
Annual accounts 2021-19,7 k €↓
2020
Annual accounts 2020-16,8 k €↑
2019
Annual accounts 2019-894 k €↓
2018
Annual accounts 201848 k €↓
2017
Annual accounts 2017163,5 k €↓
2016
Annual accounts 2016403,7 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014388,9 k €↑
2013
Annual accounts 201357,5 k €↑
2012
Annual accounts 2012-672,2 k €↓
2011
Annual accounts 2011-10,6 k €↓
2010
Annual accounts 201046,6 k €↓
2009
Annual accounts 2009131,6 k €↓
2008
Annual accounts 2008183,6 k €↑
2007
Annual accounts 2007-1,5 M €↓
2006
Annual accounts 2006-59,3 k €
27/12/2000
IncorporationPublic 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

AIRPAR

Overview

What does AIRPAR do?

Trend over 20 financial years

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