ACTIVE

BELGIAN AIRPORTS

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Financial year 2025 · Closed on 31/12/2025

Net result10 M €+1 220,4 %over 1 year
Gross margin-37,3 k €+79,5 %over 1 year
Equity23,2 M €+75,9 %over 1 year

Identity

Source · BCE/KBO

BELGIAN AIRPORTS is a Public limited company incorporated in 2009. Its main activity is: Other personal service activities n.e.c.. Its registered office is in Charleroi.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0820.332.661
Incorporation
05/11/2009
Legal form
Public limited company
Registered office
Rue des Fusillés 21
6040 Charleroi · Wallonie
Contributed capital
13 050 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskPositive cashflow

Financials

Source · NBB, 16 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin-37,3 k €-181,7 k €-113 k €-123,9 k €-63,7 k €
EBITDA-39,3 k €-181,7 k €-114 k €-124,8 k €-64,6 k €
Operating result-39,3 k €-181,7 k €-114 k €-124,8 k €-64,6 k €
Net result10 M €-893,1 k €-762,4 k €-366,9 k €-65,2 k €
Balance sheet
Equity23,2 M €13,2 M €14,1 M €14,8 M €11,8 M €
Total assets26,7 M €26,6 M €26,6 M €26,6 M €11,9 M €
Cash160,3 k €52,9 k €77,8 k €51,6 k €527,8 k €
Debts3,5 M €13,4 M €12,5 M €11,8 M €65,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 26 ended

Active mandates

Giovanni CURTOLO

Director · since 15 mars 2024 · until 19 mars 2027

Active
Matteo TESTA

Director · since 15 mars 2024 · until 19 mars 2027

Active
FINFLOW

Director · since 04 juillet 2022 · until 17 mars 2028 · 0891.019.531

Represented by Thierry Hubert

Active

Ended mandates

Giovanni CURTOLO

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Matteo TESTA

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Thierry HUBERT

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Benoït ALLEMEERSCH

Director · since 20 mars 2020 · until 22 juin 2021

Ended

Other companies at this address

Rue des Fusillés 21 6040 Charleroi
CompanyCBE no.
BRUSSELS SOUTH CHARLEROI AIRPORT● Active
0444.556.344
Pilatus Eight● Active
0802.870.087
Pilatus Five● Active
0714.992.344
PILATUS FOUR● Active
0680.647.317
Pilatus Seven● Active
0794.292.121
Pilatus Six● Active
0772.674.383
Pilatus Three● Active
0655.780.772
Pilatus Twenty One● Active
0730.554.807
PILATUS TWENTY TWO● Active
0754.791.246
Sonaca Aircraft Owners Cooperative Company● Active
1027.694.412

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date28/03/202625/03/202526/03/202424/03/202321/04/202220/04/2021
General meeting20/03/202621/03/202515/03/202417/03/202318/03/202219/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/03/202628/03/2026FrenchPDF
Abridged model31/12/202421/03/202525/03/2025FrenchPDF
Abridged model31/12/202315/03/202426/03/2024FrenchPDF
Abridged model31/12/202217/03/202324/03/2023FrenchPDF
Abridged model31/12/202118/03/202221/04/2022FrenchPDF
Abridged model31/12/202019/03/202120/04/2021FrenchPDF
Abridged model31/12/201920/03/202008/04/2020FrenchPDF
Abridged model31/12/201815/03/201911/04/2019FrenchPDF
Abridged model31/12/201716/03/201805/06/2018FrenchPDF
Abridged model31/12/201617/03/201719/04/2017FrenchPDF
Full model31/12/201518/03/201612/04/2016FrenchPDF
Full model31/12/201420/03/201530/03/2015FrenchPDF
Full model31/12/201321/03/201426/03/2014FrenchPDF
Full model31/12/201215/03/201315/03/2013FrenchPDF
Full model31/12/201116/03/201221/03/2012FrenchPDF
Full model31/12/201018/03/201130/03/2011FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 26 ended

Active mandates

Giovanni CURTOLO

Director · since 15 mars 2024 · until 19 mars 2027

Active
Matteo TESTA

Director · since 15 mars 2024 · until 19 mars 2027

Active
FINFLOW

Director · since 04 juillet 2022 · until 17 mars 2028 · 0891.019.531

Represented by Thierry Hubert

Active

Ended mandates

Giovanni CURTOLO

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Matteo TESTA

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Thierry HUBERT

Director · since 19 mars 2021 · until 15 mars 2024

Ended
Benoït ALLEMEERSCH

Director · since 20 mars 2020 · until 22 juin 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office04/03/2026
    SIEGE SOCIAL
    PDF
  • Mandates14/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other01/08/2022
    DIVERS
    PDF
  • Restructuring12/07/2022
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates07/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring24/05/2022
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Mandates17/05/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202510 M €↑
  2. 2024
    Annual accounts 2024-893,1 k €↓
  3. 2023
    Annual accounts 2023-762,4 k €↓
  4. 2022
    Annual accounts 2022-366,9 k €↓
  5. 2022
    Name changeBELGIAN AIRPORTS
  6. 2021
    Annual accounts 2021-65,2 k €↓
  7. 2021
    Name changeBELGIAN AIRPORT
  8. 2020
    Annual accounts 2020-11,8 k €↓
  9. 2019
    Annual accounts 2019-11,4 k €↑
  10. 2018
    Annual accounts 2018-27,7 k €↓
  11. 2017
    Annual accounts 201784,1 k €↓
  12. 2016
    Annual accounts 2016143,8 k €↑
  13. 2015
    Annual accounts 2015-204,3 k €↓
  14. 2014
    Annual accounts 20141,4 M €↓
  15. 2013
    Annual accounts 20131,5 M €↓
  16. 2012
    Annual accounts 20121,7 M €↑
  17. 2011
    Annual accounts 20111,6 M €↑
  18. 2010
    Annual accounts 2010-4,2 k €
  19. 05/11/2009
    IncorporationPublic limited company