ACTIVE

HVAC

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Financial year 2025 · closed on 31/12/2025
Net result
59,1 k €
+408.1% YoY
Revenue
802,7 k €
+71.9% YoY
Equity
147,8 k €
+19.8% YoY
Workforce
2,9 ETP

What does HVAC do?

HVAC is a Private limited company incorporated in 2010. Its registered office is in Woluwe-Saint-Lambert. It employs on average 2,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0826.988.940
Incorporation
25/06/2010
Legal form
Private limited company
Registered office
Bd. Brand Whitlock 114
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
2,9 ETP
Joint committees (1)
  • 124
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Revenue802,7 k €466,9 k €471 k €251,3 k €268,3 k €277,1 k €620,8 k €275,1 k €301,7 k €377,1 k €306,8 k €244,2 k €150,8 k €139,5 k €324,7 k €118,5 k €
EBITDA124,5 k €59,7 k €80,2 k €28,9 k €30,1 k €12 k €85,5 k €-9,9 k €-21,1 k €28,5 k €12,6 k €59,2 k €33,9 k €35 k €-10,8 k €10,5 k €
Operating result90,9 k €34 k €65,7 k €15,4 k €13,2 k €5,8 k €79,7 k €-16,9 k €-31,7 k €22,2 k €5 k €26,1 k €25,3 k €-978,4 €-14 k €6,7 k €
Net result59,1 k €11,6 k €43,2 k €8,3 k €8 k €7,7 k €56,5 k €55,7 k €-64 k €14,7 k €-1,7 k €18,4 k €16,3 k €11,2 k €-6,6 k €7 k €
Balance sheet
Equity147,8 k €123,3 k €113,4 k €70,1 k €61,9 k €55,5 k €63 k €9,2 k €-46,6 k €65,4 k €50,7 k €52,4 k €34 k €17,7 k €6,6 k €13,2 k €
Total assets482,4 k €347,7 k €363,4 k €336,7 k €296,8 k €327,3 k €150,4 k €101,5 k €98 k €178,3 k €98,4 k €143,9 k €84 k €77,3 k €128,8 k €40,7 k €
Cash–36,1 k €32,4 k €10,6 k €31,5 k €3,9 k €28,8 k €20,3 k €6,3 k €45,8 k €16,4 k €15,5 k €12,6 k €7,8 k €1,5 k €–
Debts334,6 k €224,4 k €250 k €266,5 k €234,9 k €271,8 k €87,4 k €92,3 k €144,6 k €112,9 k €47,7 k €91,5 k €50,1 k €59,6 k €122,3 k €27,5 k €
Other
Workforce2,9 ETP––––1,0 ETP1,6 ETP2,0 ETP2,0 ETP1,5 ETP1,4 ETP1,0 ETP––3,2 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Mahfoud Ven Ayad

Director

Active

Ended mandates

Mahfoud Ben Ayad

Manager

Ended
Moustapha M'Rabet Hajraoui

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro 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 date21/05/202614/10/202519/06/202426/07/202328/06/202227/07/2021
General meeting02/05/202603/05/202504/05/202406/05/202307/05/202201/05/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/05/202621/05/2026DutchPDF
Micro model31/12/202403/05/202514/10/2025DutchPDF
Micro model31/12/202304/05/202419/06/2024DutchPDF
Micro model31/12/202206/05/202326/07/2023DutchPDF
Micro model31/12/202107/05/202228/06/2022DutchPDF
Abridged model31/12/202001/05/202127/07/2021DutchPDF
Abridged model31/12/201902/05/202025/06/2020DutchPDF
Abridged model31/12/201804/05/201917/05/2019DutchPDF
Abridged model31/12/201705/05/201830/07/2018DutchPDF
Abridged model31/12/201606/05/201708/06/2017DutchPDF
Abridged model31/12/201507/05/201622/07/2016DutchPDF
Abridged model31/12/201402/05/201530/06/2015DutchPDF
Abridged model31/12/201303/05/201407/07/2014DutchPDF
Abridged model31/12/201204/05/201320/12/2013DutchPDF
Abridged model31/12/201105/05/201229/06/2012DutchPDF
Abridged model31/12/201007/05/201129/08/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 2 ended

Active mandates

Mahfoud Ven Ayad

Director

Active

Ended mandates

Mahfoud Ben Ayad

Manager

Ended
Moustapha M'Rabet Hajraoui

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office17/02/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other12/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING
    PDF
  • Registered office14/07/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/07/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/05/2016
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office31/03/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Court decision06/04/2012
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Registered office22/03/2012
    MAATSCHAPPELIJKE ZETEL
    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 202559,1 k €↑
  2. 2024
    Annual accounts 202411,6 k €↓
  3. 2023
    Annual accounts 202343,2 k €↑
  4. 2022
    Annual accounts 20228,3 k €↑
  5. 2022
    Name changehvac line bvba
  6. 2021
    Annual accounts 20218 k €↑
  7. 2021
    Name changeHVAC
  8. 2020
    Annual accounts 20207,7 k €↓
  9. 2019
    Annual accounts 201956,5 k €↑
  10. 2018
    Annual accounts 201855,7 k €↑
  11. 2017
    Annual accounts 2017-64 k €↓
  12. 2016
    Annual accounts 201614,7 k €↑
  13. 2015
    Annual accounts 2015-1,7 k €↓
  14. 2014
    Annual accounts 201418,4 k €↑
  15. 2013
    Annual accounts 201316,3 k €↑
  16. 2012
    Annual accounts 201211,2 k €↑
  17. 2011
    Annual accounts 2011-6,6 k €↓
  18. 2010
    Annual accounts 20107 k €
  19. 25/06/2010
    IncorporationPrivate limited company