ACTIVE

Not-Air

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Financial year 2025 · closed on 31/12/2025

Net result

7,7 k €

+35.8% YoY

Gross margin

75,9 k €

-8.9% YoY

Equity

2 M €

-11.4% YoY

What does Not-Air do?

Not-Air is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Sint-Truiden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0830.014.548

Incorporation

01/10/2010

Legal form

Private limited company

Registered office

Grevensmolenweg 150
3800 Sint-Truiden · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2012
Income statement
Gross margin	75,9 k €	-8.9%	83,3 k €	+0.1%	83,2 k €	-96.1%	2,1 M €	+89.5%	1,1 M €	+44.4%	777,3 k €	-22.2%	998,7 k €	+2.8%	971,2 k €	+8.3%	897 k €	+21.8%	736,8 k €	-5.0%	775,2 k €	+18.4%	654,5 k €
EBITDA	71,4 k €	+3.7%	68,8 k €	-6.0%	73,2 k €	-96.1%	1,9 M €	+184%	660,3 k €	+67.9%	393,2 k €	-31.5%	573,7 k €	+2.2%	561,3 k €	+11.5%	503,4 k €	+37.9%	365 k €	-17.4%	442,1 k €	+33.8%	330,5 k €
Operating result	19,2 k €	+24.2%	15,5 k €	-56.5%	35,7 k €	-98.1%	1,8 M €	+194%	627,9 k €	+135%	267,7 k €	-33.1%	400,4 k €	-3.0%	412,6 k €	+20.4%	342,8 k €	+50.7%	227,5 k €	-22.8%	294,6 k €	+60.9%	183,1 k €
Net result	7,7 k €	+35.8%	5,6 k €	-77.1%	24,6 k €	-98.1%	1,3 M €	+200%	425,7 k €	+139%	178 k €	-32.8%	264,7 k €	+5.4%	251,2 k €	+35.9%	184,8 k €	+59.7%	115,8 k €	-11.5%	130,8 k €	+40.3%	93,2 k €
Balance sheet
Equity	2 M €	-11.4%	2,2 M €	-9.9%	2,5 M €	-6.0%	2,7 M €	+77.8%	1,5 M €	+8.6%	1,4 M €	+14.9%	1,2 M €	+7.6%	1,1 M €	+29.2%	858,8 k €	+6.6%	805,4 k €	+16.8%	689,6 k €	+167%	258,2 k €
Total assets	2,2 M €	-11.0%	2,5 M €	-9.3%	2,8 M €	-9.7%	3,1 M €	-44.3%	5,5 M €	-21.2%	7 M €	+10.9%	6,3 M €	+36.5%	4,6 M €	-2.7%	4,8 M €	-15.5%	5,7 M €	-14.0%	6,6 M €	+60.3%	4,1 M €
Cash	1,6 M €	-8.5%	1,8 M €	-7.7%	1,9 M €	-11.7%	2,2 M €	-56.9%	5 M €	-22.7%	6,5 M €	+14.7%	5,7 M €	+33.2%	4,3 M €	+1.4%	4,2 M €	-16.3%	5 M €	-14.4%	5,9 M €	+97.9%	3 M €
Debts	261,8 k €	-7.9%	284,2 k €	-4.8%	298,4 k €	-31.5%	435,7 k €	-89.2%	4 M €	-28.4%	5,7 M €	+10.0%	5,1 M €	+45.6%	3,5 M €	-9.7%	3,9 M €	-19.3%	4,8 M €	-17.6%	5,9 M €	+54.9%	3,8 M €
Other
Workforce	–		0,0 ETP		0,0 ETP	-100%	2,7 ETP	-50.9%	5,5 ETP	-1.8%	5,6 ETP	-1.8%	5,7 ETP	+3.6%	5,5 ETP	-5.2%	5,8 ETP	+3.6%	5,6 ETP	+5.7%	5,3 ETP	+1.9%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Philippe Van Hoof

Director · since 04 juillet 2022

Active

Ended mandates

Philippe Van Hoof

Director · since 01 octobre 2010

Ended

Philippe Van Hoof

Manager · since 01 octobre 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	17/03/2026	15/05/2025	22/05/2024	09/05/2023	13/05/2022	11/05/2021
General meeting	16/03/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/03/2026	17/03/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	15/05/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	09/05/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	13/05/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	11/05/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	19/05/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	21/05/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	23/05/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	01/06/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	16/05/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 2 ended

Active mandates

Philippe Van Hoof

Director · since 04 juillet 2022

Active

Ended mandates

Philippe Van Hoof

Director · since 01 octobre 2010

Ended

Philippe Van Hoof

Manager · since 01 octobre 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/01/2018
KAPITAAL - AANDELEN
PDF
Other03/06/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other10/01/2011
DIVERSEN
PDF
Other15/10/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 20257,7 k €↑
2024
Annual accounts 20245,6 k €↓
2023
Annual accounts 202324,6 k €↓
2022
Annual accounts 20221,3 M €↑
2022
Name changeNot-Air
2021
Annual accounts 2021425,7 k €↑
2021
Name changeNotaris Philippe Van Hoof
2020
Annual accounts 2020178 k €↓
2019
Annual accounts 2019264,7 k €↑
2018
Annual accounts 2018251,2 k €↑
2017
Annual accounts 2017184,8 k €↑
2016
Annual accounts 2016115,8 k €↓
2015
Annual accounts 2015130,8 k €↑
2012
Annual accounts 201293,2 k €
01/10/2010
IncorporationPrivate limited company

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

Not-Air

Overview

What does Not-Air do?

Trend over 12 financial years

Indicative valuation

Board of directors

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