ACTIVE

AIRCOOLING

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Financial year 2025 · closed on 31/12/2025

Net result

64,1 k €

+164.3% YoY

Gross margin

222,1 k €

-8.5% YoY

Equity

259,5 k €

+17.7% YoY

What does AIRCOOLING do?

AIRCOOLING is a Private company with limited liability incorporated in 2013. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0509.957.407

Incorporation

19/02/2013

Legal form

Private company with limited liability

Registered office

Rue de Belgrade 75
1190 Forest · BruxellesSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 43240Electrical, plumbing and other construction installation activities 43299Other construction installation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	222,1 k €	-8.5%	242,7 k €	+43.4%	169,3 k €	-27.8%	234,3 k €	+46.8%	159,5 k €	+38.0%	115,6 k €	+46.3%	79 k €	+32.0%	59,9 k €	+214%	19,1 k €	+174%	7 k €	+50.8%	4,6 k €	-72.9%	17 k €	+257%	4,8 k €
EBITDA	122,2 k €	+33.2%	91,7 k €	+146%	37,3 k €	-69.2%	120,9 k €	+130%	52,5 k €	+8.6%	48,3 k €	+10.5%	43,7 k €	+63.0%	26,8 k €	+76.7%	15,2 k €	+143%	6,2 k €	+56.1%	4 k €	-69.8%	13,2 k €	+199%	4,4 k €
Operating result	83 k €	+114%	38,8 k €	+817%	4,2 k €	-95.5%	93,1 k €	+165%	35,2 k €	+2.5%	34,3 k €	+10.9%	30,9 k €	+52.7%	20,2 k €	+130%	8,8 k €	+41.0%	6,2 k €	+275%	1,7 k €	-84.7%	10,9 k €	+420%	2,1 k €
Net result	64,1 k €	+164%	24,2 k €	+314%	5,9 k €	-92.4%	77,3 k €	+139%	32,3 k €	+1.6%	31,8 k €	-12.3%	36,2 k €	+90.8%	19 k €	+194%	6,5 k €	+39.6%	4,6 k €	+251%	1,3 k €	-86.3%	9,6 k €	+425%	1,8 k €
Balance sheet
Equity	259,5 k €	+17.7%	220,4 k €	+14.3%	192,9 k €	+3.1%	187 k €	+44.1%	129,8 k €	+33.1%	97,5 k €	+35.6%	71,9 k €	+60.3%	44,9 k €	+38.3%	32,4 k €	+51.0%	21,5 k €	+81.2%	11,9 k €	+12.5%	10,5 k €	+52.0%	6,9 k €
Total assets	443,3 k €	+0.3%	441,8 k €	-9.6%	488,9 k €	+3.3%	473,5 k €	+31.8%	359,2 k €	+38.3%	259,8 k €	+7.9%	240,7 k €	+76.0%	136,7 k €	+86.0%	73,5 k €	+71.8%	42,8 k €	+7.9%	39,6 k €	+7.4%	36,9 k €	+234%	11 k €
Cash	208,4 k €	+16.3%	179,2 k €	+612%	25,2 k €	-78.8%	118,7 k €	+119%	54,3 k €	-39.0%	88,9 k €	-13.7%	103,1 k €	+482%	17,7 k €	-11.4%	20 k €	+121%	9 k €	+82.1%	5 k €	-61.8%	13 k €	+1132%	1,1 k €
Debts	183,8 k €	-17.0%	221,4 k €	-25.2%	296 k €	+3.3%	286,5 k €	+27.6%	224,5 k €	+38.3%	162,4 k €	-3.8%	168,8 k €	+83.8%	91,9 k €	+124%	41,1 k €	+92.9%	21,3 k €	-23.3%	27,8 k €	+5.3%	26,4 k €	+541%	4,1 k €
Other
Workforce	–		–		4,2 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

AZIZ BOUCHKARA

Mandate

Active

MOHAMMAD BEN MAHJOUB

Mandate

Active

Ended mandates

AZIZ BOUCHKARA

Administrator - manager

Ended

MOHAMMAD BEN MAHJOUB

Administrator - manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Micro model	Micro model	Micro 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	28/08/2026	31/07/2025	31/08/2024	28/11/2023	31/08/2022	16/08/2021
General meeting	31/07/2026	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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/07/2026	28/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	28/11/2023	French	PDF
Micro model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	16/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	17/07/2020	French	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	31/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	17/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

AZIZ BOUCHKARA

Mandate

Active

MOHAMMAD BEN MAHJOUB

Mandate

Active

Ended mandates

AZIZ BOUCHKARA

Administrator - manager

Ended

MOHAMMAD BEN MAHJOUB

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2018
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other21/02/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202564,1 k €↑
2024
Annual accounts 202424,2 k €↑
2023
Annual accounts 20235,9 k €↓
2022
Annual accounts 202277,3 k €↑
2021
Annual accounts 202132,3 k €↑
2020
Annual accounts 202031,8 k €↓
2019
Annual accounts 201936,2 k €↑
2018
Annual accounts 201819 k €↑
2017
Annual accounts 20176,5 k €↑
2016
Annual accounts 20164,6 k €↑
2015
Annual accounts 20151,3 k €↓
2014
Annual accounts 20149,6 k €↑
2013
Annual accounts 20131,8 k €
19/02/2013
IncorporationPrivate company with limited liability

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

AIRCOOLING

Overview

What does AIRCOOLING do?

Trend over 13 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