ACTIVE

AIR MASTERS

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Financial year 2024 · closed on 31/12/2024

Net result

46,6 k €

+114.8% YoY

Gross margin

1,5 M €

+6.4% YoY

Equity

453,1 k €

+11.5% YoY

Workforce

17,0 ETP

0.0% YoY

What does AIR MASTERS do?

AIR MASTERS is a Private limited company incorporated in 2012. Its registered office is in Anderlecht. It employs on average 17,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.095.087

Incorporation

28/02/2012

Legal form

Private limited company

Registered office

Boulevard Industriel 61
1070 Anderlecht · BruxellesSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2024

Average workforce

17,0 ETP

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	1,5 M €	+6.4%	1,4 M €	+23.2%	1,2 M €	+15.8%	1 M €	+60.3%	630,4 k €	-8.6%	690 k €	+32.0%	522,9 k €	+63.6%	319,6 k €	+0.6%	317,8 k €	+117%	146,2 k €	+37.8%	106,1 k €	+141%	43,9 k €	+335%	10,1 k €
EBITDA	236 k €	+33.9%	176,2 k €	-33.9%	266,5 k €	+53.3%	173,9 k €	+47.1%	118,3 k €	-33.2%	177 k €	+68.0%	105,3 k €	+33.7%	78,8 k €	+16.9%	67,4 k €	+7.2%	62,8 k €	+5.4%	59,6 k €	+254%	16,8 k €	+69.2%	9,9 k €
Operating result	159,9 k €	+65.3%	96,7 k €	-31.6%	141,4 k €	+12.5%	125,7 k €	+33.2%	94,3 k €	-36.1%	147,7 k €	+77.2%	83,3 k €	+32.4%	62,9 k €	+32.8%	47,4 k €	+14.4%	41,4 k €	-16.8%	49,8 k €	+451%	9 k €	+24.2%	7,3 k €
Net result	46,6 k €	+115%	21,7 k €	-71.8%	76,9 k €	+13.8%	67,6 k €	+20.9%	55,9 k €	-28.4%	78 k €	+88.2%	41,4 k €	+135%	17,7 k €	-15.7%	21 k €	+119%	9,6 k €	-53.2%	20,5 k €	-30.2%	29,3 k €	+1343%	2 k €
Balance sheet
Equity	453,1 k €	+11.5%	406,4 k €	+5.6%	384,7 k €	+25.0%	307,8 k €	+28.1%	240,3 k €	+30.3%	184,4 k €	+73.3%	106,4 k €	+55.3%	68,5 k €	+34.7%	50,8 k €	-27.8%	70,4 k €	0.0%	70,4 k €	+41.0%	49,9 k €	+142%	20,6 k €
Total assets	2 M €	+10.6%	1,8 M €	-11.8%	2,1 M €	+15.3%	1,8 M €	+69.9%	1,1 M €	+10.6%	961,8 k €	+4.9%	917 k €	+50.6%	609 k €	+5.2%	578,8 k €	+4.9%	551,7 k €	+143%	227 k €	+31.5%	172,7 k €	+2.2%	168,9 k €
Cash	3,7 k €	-95.5%	81,4 k €	-35.9%	127,1 k €	+56.3%	81,3 k €	+40.9%	57,7 k €	+53.5%	37,6 k €	+52.8%	24,6 k €	-26.1%	33,2 k €	+4568%	712,2 €	-97.8%	32,2 k €	+245%	9,3 k €	+275%	2,5 k €	+506%	411,4 €
Debts	1,6 M €	+10.5%	1,4 M €	-15.8%	1,7 M €	+13.3%	1,5 M €	+82.0%	823,3 k €	+5.9%	777,4 k €	-4.1%	810,6 k €	+50.0%	540,5 k €	+2.4%	528 k €	+10.8%	476,4 k €	+204%	156,7 k €	+27.6%	122,8 k €	-17.2%	148,3 k €
Other
Workforce	17,0 ETP	0.0%	17,0 ETP	+20.6%	14,1 ETP	+0.7%	14,0 ETP	+27.3%	11,0 ETP	+12.2%	9,8 ETP	+10.1%	8,9 ETP	+78.0%	5,0 ETP		–		5,0 ETP	+400%	1,0 ETP	+100%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

Bledar Bala

Director

Active

Ended mandates

BLEDAR BALA

Director · since 01 mars 2012

Ended

BLEDAR BALA

Manager · since 01 mars 2012

Ended

At this address

Other companies at this address

Company	CBE no.
BOUW - MIX● Active	0550.831.128
COBRIA● Active	1026.186.952
JAK Solutions● Active	0642.930.747
PULS'GARDEN● Active	0798.657.121

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/08/2025	30/08/2024	30/06/2023	26/08/2022	25/06/2021	24/08/2020
General meeting	18/08/2025	09/08/2024	30/06/2023	17/08/2022	25/06/2021	10/08/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	18/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	09/08/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/08/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	10/08/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	05/08/2019	07/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/09/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	10/08/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/09/2015	03/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 1 active · 2 ended

Active mandates

Bledar Bala

Director

Active

Ended mandates

BLEDAR BALA

Director · since 01 mars 2012

Ended

BLEDAR BALA

Manager · since 01 mars 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office06/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/03/2026
MAATSCHAPPELIJKE ZETEL
PDF
Other04/02/2021
DOEL
PDF
Mandates25/03/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/11/2014
MAATSCHAPPELIJKE ZETEL
PDF
Other13/03/2012
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

2024
Annual accounts 202446,6 k €↑
2023
Annual accounts 202321,7 k €↓
2022
Annual accounts 202276,9 k €↑
2021
Annual accounts 202167,6 k €↑
2020
Annual accounts 202055,9 k €↓
2019
Annual accounts 201978 k €↑
2018
Annual accounts 201841,4 k €↑
2017
Annual accounts 201717,7 k €↓
2016
Annual accounts 201621 k €↑
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201420,5 k €↓
2013
Annual accounts 201329,3 k €↑
2012
Annual accounts 20122 k €
28/02/2012
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

AIR MASTERS

Overview

What does AIR MASTERS do?

Trend over 13 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