ACTIVE

AIRPORT DEVELOPMENT

Financial year 2025 · Closed on 31/12/2025

Net result228,4 k €+767,9 %over 1 year

Gross margin81,3 k €+147,2 %over 1 year

Equity3 M €+8,3 %over 1 year

Identity

Source · BCE/KBO

AIRPORT DEVELOPMENT is a Public limited company incorporated in 2018. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0694.728.846
Incorporation: 12/04/2018
Legal form: Public limited company
Registered office: Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital: 5 062 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 8 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	81,3 k €	+147%	-172,4 k €	-404%	-34,2 k €		–		–
EBITDA	80,3 k €	+146%	-173,4 k €	-393%	-35,1 k €	+94.1%	-594 k €	+55.6%	-1,3 M €
Operating result	80,3 k €	+146%	-173,4 k €	-393%	-35,1 k €	+94.1%	-594 k €	+55.6%	-1,3 M €
Net result	228,4 k €	+768%	-34,2 k €	+21.8%	-43,7 k €	+98.2%	-2,4 M €	-330%	1,1 M €
Balance sheet
Equity	3 M €	+8.3%	2,8 M €	-1.2%	2,8 M €	-1.5%	2,8 M €	-46.0%	5,3 M €
Total assets	12,8 M €	-0.7%	12,9 M €	-1.1%	13 M €	+12.1%	11,6 M €	-43.0%	20,4 M €
Cash	–		–		–		–		9,5 M €
Debts	9,1 M €	-3.3%	9,4 M €	-1.2%	9,5 M €	+17.9%	8,1 M €	-46.8%	15,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thibault DELAMAIN	Director16/05/2025 → 21/05/2027
Amand Benoît D'Hondt0578.887.882Represented by Amand Benoît D'HONDT	Director01/01/2019 → 21/05/2027
Laurent Stalens RE0788.696.508Represented by Laurent STALENS	Director19/07/2022 → 21/05/2027
MARC VAN BEGIN0864.979.583Represented by Marc VAN BEGIN	Director12/04/2018 → 21/05/2027
Serge FAUTRÉ	Director19/05/2023 → 21/05/2027Managing director19/04/2018 → 2024 accountsendedChairman of the board of directors19/04/2018 → 2018 accountsended
William DE TROIJ	Director11/03/2022 → 21/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sylvie VANHOENACKERE	Director11/03/2022 → 2022 accounts
Daria Fabris	Directorlisted until the 2020 accounts
Aurel Gavriloaia	Director12/04/2018 → 19/04/2018

Other companies at this address

Avenue des Arts 58 1000 Bruxelles

Company	CBE no.
ACA WERKRUIMTE● Active	0872.389.987
AG FINANCE● Active	0466.967.995
AG REAL ESTATE● Active	0403.231.968
AG Real Estate Asset Management● Active	0460.912.920
AG REAL ESTATE CAR PARK● Active	1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active	0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active	1009.685.767
AG REAL ESTATE FINANCE● Active	0445.949.679
AG REAL ESTATE LAND● Active	0417.389.515
AG Real Estate Projects● Active	0632.680.619
AG Real Estate Property Management● Active	0450.100.190
AG REAL ESTATE SHARED SERVICES● Active	0472.969.525
AG REAL ESTATE WESTINVEST● Active	0841.798.563
AG Real Estate Westloan● Active	0871.397.025
AG RE OFFICE INVEST I● Active	0747.926.418
AG Residential● Active	0794.337.651
Ambassade du Canada● Active	0933.395.762
ARLON 53● Active	0743.427.893
AXS NAMUR 2● Active	0715.892.563
AXS NAMUR 3● Active	0715.886.229

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full 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	26/05/2026	10/06/2025	23/05/2024	31/05/2023	25/05/2022	25/05/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	26/05/2026	French	PDF
Abridged model	31/12/2024	16/05/2025	10/06/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	23/05/2024	French	PDF
Full model	31/12/2022	19/05/2023	31/05/2023	French	PDF
Full model	31/12/2021	20/05/2022	25/05/2022	French	PDF
Full model	31/12/2020	21/05/2021	25/05/2021	French	PDF
Full model	31/12/2019	15/05/2020	28/05/2020	French	PDF
Full model	31/12/2018	17/05/2019	29/05/2019	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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

6 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thibault DELAMAIN	Director16/05/2025 → 21/05/2027
Amand Benoît D'Hondt0578.887.882Represented by Amand Benoît D'HONDT	Director01/01/2019 → 21/05/2027
Laurent Stalens RE0788.696.508Represented by Laurent STALENS	Director19/07/2022 → 21/05/2027
MARC VAN BEGIN0864.979.583Represented by Marc VAN BEGIN	Director12/04/2018 → 21/05/2027
Serge FAUTRÉ	Director19/05/2023 → 21/05/2027Managing director19/04/2018 → 2024 accountsendedChairman of the board of directors19/04/2018 → 2018 accountsended
William DE TROIJ	Director11/03/2022 → 21/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sylvie VANHOENACKERE	Director11/03/2022 → 2022 accounts
Daria Fabris	Directorlisted until the 2020 accounts
Aurel Gavriloaia	Director12/04/2018 → 19/04/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/08/2026
Administrateur : démission
PDF
Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2022
DEMISSIONS, NOMINATIONS
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

Filings5 filings

Mandates

Thibault DELAMAIN

Amand Benoît D'Hondt

Laurent Stalens RE

MARC VAN BEGIN

William DE TROIJ

Serge FAUTRÉ

Sylvie VANHOENACKERE

Daria Fabris

RE INVEST

LAURENT STALENS

Aurel Gavriloaia

Dany Albert Dwek

Show the other mandate

2018201920202021202220232024202520262027

AIRPORT DEVELOPMENT

Avenue des Arts 58, 1000 Brussels

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Arts 58, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00122795

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AIRPORT DEVELOPMENTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00122795

Events

2025
Annual accounts 2025228,4 k €↑
2024
Annual accounts 2024-34,2 k €↑
2023
Annual accounts 2023-43,7 k €↑
2022
Annual accounts 2022-2,4 M €↓
2021
Annual accounts 20211,1 M €
12/04/2018
IncorporationPublic limited company

AIRPORT DEVELOPMENT

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