ACTIVE

AIRPORT DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
228,4 k €
+767.9% YoY
Gross margin
81,3 k €
+147.2% YoY
Equity
3 M €
+8.3% YoY

What does AIRPORT DEVELOPMENT do?

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· main70220Business and other management consultancy activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin81,3 k €-172,4 k €-34,2 k €––
EBITDA80,3 k €-173,4 k €-35,1 k €-594 k €-1,3 M €
Operating result80,3 k €-173,4 k €-35,1 k €-594 k €-1,3 M €
Net result228,4 k €-34,2 k €-43,7 k €-2,4 M €1,1 M €
Balance sheet
Equity3 M €2,8 M €2,8 M €2,8 M €5,3 M €
Total assets12,8 M €12,9 M €13 M €11,6 M €20,4 M €
Cash––––9,5 M €
Debts9,1 M €9,4 M €9,5 M €8,1 M €15,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 23 ended

Active mandates

Thibault DELAMAIN

Director · since 16 mai 2025 · until 21 mai 2027

Active
Amand Benoît D'Hondt

Director · since 19 mai 2023 · until 21 mai 2027 · 0578.887.882

Represented by Amand Benoît D'HONDT

Active
Laurent Stalens RE

Director · since 19 mai 2023 · until 21 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Active
MARC VAN BEGIN

Director · since 19 mai 2023 · until 21 mai 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Serge FAUTRÉ

Director · since 19 mai 2023 · until 21 mai 2027

Active
William DE TROIJ

Director · since 19 mai 2023 · until 21 mai 2027

Active

Ended mandates

Serge FAUTRÉ

Managing director · since 19 mai 2023 · until 21 mai 2027

Ended
Laurent Stalens RE

Director · since 19 juillet 2022 · until 19 mai 2023 · 0788.696.508

Represented by Laurent STALENS

Ended
Sylvie VANHOENACKERE

Director · since 11 mars 2022 · until 19 mai 2023

Ended
Sylvie VANHOENACKERE

Director · since 11 mars 2022 · until 17 mai 2024

Ended
At this address

Other companies at this address

CompanyCBE 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
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/05/202610/06/202523/05/202431/05/202325/05/202225/05/2021
General meeting15/05/202616/05/202517/05/202419/05/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/05/202626/05/2026FrenchPDF
Abridged model31/12/202416/05/202510/06/2025FrenchPDF
Abridged model31/12/202317/05/202423/05/2024FrenchPDF
Full model31/12/202219/05/202331/05/2023FrenchPDF
Full model31/12/202120/05/202225/05/2022FrenchPDF
Full model31/12/202021/05/202125/05/2021FrenchPDF
Full model31/12/201915/05/202028/05/2020FrenchPDF
Full model31/12/201817/05/201929/05/2019FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 23 ended

Active mandates

Thibault DELAMAIN

Director · since 16 mai 2025 · until 21 mai 2027

Active
Amand Benoît D'Hondt

Director · since 19 mai 2023 · until 21 mai 2027 · 0578.887.882

Represented by Amand Benoît D'HONDT

Active
Laurent Stalens RE

Director · since 19 mai 2023 · until 21 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Active
MARC VAN BEGIN

Director · since 19 mai 2023 · until 21 mai 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Serge FAUTRÉ

Director · since 19 mai 2023 · until 21 mai 2027

Active
William DE TROIJ

Director · since 19 mai 2023 · until 21 mai 2027

Active

Ended mandates

Serge FAUTRÉ

Managing director · since 19 mai 2023 · until 21 mai 2027

Ended
Laurent Stalens RE

Director · since 19 juillet 2022 · until 19 mai 2023 · 0788.696.508

Represented by Laurent STALENS

Ended
Sylvie VANHOENACKERE

Director · since 11 mars 2022 · until 19 mai 2023

Ended
Sylvie VANHOENACKERE

Director · since 11 mars 2022 · until 17 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 2025228,4 k €↑
  2. 2024
    Annual accounts 2024-34,2 k €↑
  3. 2023
    Annual accounts 2023-43,7 k €↑
  4. 2022
    Annual accounts 2022-2,4 M €↓
  5. 2021
    Annual accounts 20211,1 M €
  6. 12/04/2018
    IncorporationPublic limited company