ACTIVE

S.AIR

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Financial year 2024 · closed on 31/12/2024

Net result

1,2 M €

+49.3% YoY

Revenue

16,8 M €

-12.7% YoY

Equity

2,8 M €

+11.8% YoY

Workforce

42,8 ETP

+10.3% YoY

What does S.AIR do?

S.AIR is a Public limited company incorporated in 2010. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Aalst. It employs on average 42,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.976.416

Incorporation

06/01/2010

Legal form

Public limited company

Registered office

Nijverheidslaan 4
9308 Aalst · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Average workforce

42,8 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 80090Security and investigation activities 80200Security systems service activities 41102Development of building projects 43230Electrical, plumbing and other construction installation activities+2

Joint committees (5)

124
149
14901
200
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	16,8 M €	-12.7%	19,2 M €	+30.3%	14,8 M €	+31.5%	11,2 M €	-0.6%	11,3 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	2,1 M €	+20.6%	1,7 M €	+116%	808,9 k €	+12.7%	717,8 k €	-54.4%	1,6 M €	+120%	715,8 k €	-12.8%	820,7 k €	+54.5%	531,3 k €	-34.0%	804,8 k €	+116%	372,2 k €	-44.9%	675,9 k €	+214%	215,2 k €	+32.0%	163 k €	+1082%	13,8 k €	-95.4%	298 k €
Operating result	1,8 M €	+50.5%	1,2 M €	+86.7%	635,5 k €	+2.2%	621,6 k €	-57.3%	1,5 M €	+143%	598,5 k €	-5.6%	633,8 k €	+58.5%	399,8 k €	-42.7%	698,2 k €	+81.5%	384,7 k €	+68.4%	228,4 k €	+17.1%	195,1 k €	+24.7%	156,5 k €	+1869%	7,9 k €	-97.3%	296,8 k €
Net result	1,2 M €	+49.3%	829,4 k €	+107%	401,2 k €	-3.8%	417 k €	-59.7%	1 M €	+169%	384,5 k €	-9.4%	424,1 k €	+70.3%	249,1 k €	-52.3%	522,7 k €	+135%	222,1 k €	-56.7%	513,1 k €	+233%	154,1 k €	+46.2%	105,4 k €	+1235%	7,9 k €	-95.7%	185,1 k €
Balance sheet
Equity	2,8 M €	+11.8%	2,5 M €	+7.8%	2,3 M €	-7.9%	2,5 M €	-22.0%	3,2 M €	+47.5%	2,2 M €	+11.5%	2 M €	+27.7%	1,5 M €	+19.4%	1,3 M €	+28.3%	999,6 k €	+16.6%	857,5 k €	+149%	344,4 k €	+32.3%	260,3 k €	+68.0%	155 k €	+5.4%	147,1 k €
Total assets	13,4 M €	+27.8%	10,5 M €	+23.6%	8,5 M €	+29.9%	6,5 M €	+0.3%	6,5 M €	+9.0%	6 M €	+14.8%	5,2 M €	+30.3%	4 M €	+12.0%	3,6 M €	+14.7%	3,1 M €	+15.5%	2,7 M €	+62.3%	1,7 M €	+69.6%	977,4 k €	+102%	483,6 k €	-65.2%	1,4 M €
Cash	2,7 M €	+15.7%	2,3 M €	+22.8%	1,9 M €	-9.3%	2,1 M €	+47.6%	1,4 M €	+11.7%	1,3 M €	+60.6%	783,9 k €	+69.7%	462 k €	-18.6%	567,3 k €	-41.3%	966,1 k €	+58.6%	609,2 k €	+751%	71,6 k €	-58.2%	171 k €	-44.7%	309,4 k €	-33.0%	462,1 k €
Debts	9,2 M €	+39.1%	6,6 M €	+31.0%	5 M €	+64.4%	3,1 M €	+28.9%	2,4 M €	-19.9%	3 M €	+18.6%	2,5 M €	+35.5%	1,9 M €	+3.3%	1,8 M €	+7.4%	1,7 M €	+16.6%	1,4 M €	+26.9%	1,1 M €	+97.1%	572,2 k €	+129%	250,2 k €	-78.8%	1,2 M €
Other
Workforce	42,8 ETP	+10.3%	38,8 ETP	+12.5%	34,5 ETP	+12.4%	30,7 ETP	-0.6%	30,9 ETP	+3.3%	29,9 ETP	+10.7%	27,0 ETP	+41.4%	19,1 ETP	+7.9%	17,7 ETP	+19.6%	14,8 ETP	+24.4%	11,9 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 26 ended

Active mandates

NICKS

Director · since 16 septembre 2021 · until 03 juillet 2025 · 0711.888.443

Represented by Nick Vandenbulcke

Active

S. Air Invest

Managing director · since 07 juillet 2021 · until 03 juillet 2025 · 0536.820.269

Represented by Liselore Dermaut

Active

SMOKONSULT

Director · since 31 mai 2019 · until 03 juillet 2025 · 0431.307.035

Represented by Olivier Dons

Active

Ended mandates

NICKS

Director · since 16 septembre 2021 · until 28 juin 2025 · 0711.888.443

Ended

NICKS

Director · since 16 septembre 2021 · until 28 juin 2025 · 0711.888.443

Represented by Nick Vandenbulcke

Ended

Patrick Dermaut

Director · since 07 juillet 2021 · until 16 septembre 2021

Ended

S. Air Invest

Managing director · since 07 juillet 2021 · until 28 juin 2025 · 0536.820.269

Represented by Liselore Dermaut

Ended

At this address

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emosS● Active	1015.923.956
Sauvage Power● Active	1041.811.276

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/07/2025	12/07/2024	20/07/2023	15/07/2022	29/06/2021	09/07/2020
General meeting	03/07/2025	12/07/2024	24/06/2023	30/06/2022	26/06/2021	27/06/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	03/07/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	12/07/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	24/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	18/07/2011	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 26 ended

Active mandates

NICKS

Director · since 16 septembre 2021 · until 03 juillet 2025 · 0711.888.443

Represented by Nick Vandenbulcke

Active

S. Air Invest

Managing director · since 07 juillet 2021 · until 03 juillet 2025 · 0536.820.269

Represented by Liselore Dermaut

Active

SMOKONSULT

Director · since 31 mai 2019 · until 03 juillet 2025 · 0431.307.035

Represented by Olivier Dons

Active

Ended mandates

NICKS

Director · since 16 septembre 2021 · until 28 juin 2025 · 0711.888.443

Ended

NICKS

Director · since 16 septembre 2021 · until 28 juin 2025 · 0711.888.443

Represented by Nick Vandenbulcke

Ended

Patrick Dermaut

Director · since 07 juillet 2021 · until 16 septembre 2021

Ended

S. Air Invest

Managing director · since 07 juillet 2021 · until 28 juin 2025 · 0536.820.269

Represented by Liselore Dermaut

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other25/08/2026
DIVERSEN
PDF
Mandates10/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/11/2024
DIVERSEN - KAPITAAL - AANDELEN
PDF
Restructuring27/09/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates01/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/06/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023829,4 k €↑
2022
Annual accounts 2022401,2 k €↓
2021
Annual accounts 2021417 k €↓
2020
Annual accounts 20201 M €↑
2019
Annual accounts 2019384,5 k €↓
2018
Annual accounts 2018424,1 k €↑
2017
Annual accounts 2017249,1 k €↓
2016
Annual accounts 2016522,7 k €↑
2015
Annual accounts 2015222,1 k €↓
2014
Annual accounts 2014513,1 k €↑
2013
Annual accounts 2013154,1 k €↑
2013
Name changeS.AIR
2012
Annual accounts 2012105,4 k €↑
2011
Annual accounts 20117,9 k €↓
2010
Annual accounts 2010185,1 k €
06/01/2010
IncorporationPublic limited company
2010
Name changeS.AIR SMOKE VENTILATION SYSTEMS

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

S.AIR

Overview

What does S.AIR do?

Trend over 15 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