ACTIVE

Kingspan Light + Air Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result1,7 M €+553,2 %over 1 year
Revenue41,8 M €+13,5 %over 1 year
Equity12,2 M €-38,9 %over 1 year
Workforce167,7 ETP+6,7 %over 1 year

Identity

Source · BCE/KBO

Kingspan Light + Air Belgium is a Public limited company incorporated in 2004. Its main activity is: Electrical installation. Its registered office is in Sint-Niklaas. It employs on average 167,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0867.414.778
Incorporation
21/09/2004
Legal form
Public limited company
Registered office
Anthonis De Jonghestraat 50
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
2 418 947,51 €
Latest accounts
31/12/2025
Average workforce
167,7 ETP
Joint committees (4)
  • 124
  • 14901
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue41,8 M €36,8 M €41,6 M €40,1 M €32,6 M €
EBITDA3,4 M €708,5 k €3,1 M €2,3 M €270,5 k €
Operating result2,6 M €-250 k €3 M €2,5 M €140,6 k €
Net result1,7 M €-372,4 k €1,9 M €1,6 M €58,7 k €
Balance sheet
Equity12,2 M €19,9 M €20,3 M €18,4 M €16,8 M €
Total assets23,9 M €32,7 M €35,5 M €33,9 M €46,5 M €
Cash4,2 M €7,9 M €12,4 M €8,4 M €27,5 M €
Debts7,4 M €8,1 M €13,9 M €14,4 M €28,5 M €
Other
Workforce167,7 ETP157,1 ETP150,0 ETP137,7 ETP112,7 ETP

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

4 active · 28 ended

Active mandates

Liam McDaniel

Director · since 09 juin 2023 · until 09 juin 2029

Active
Michael Kennedy

Director · since 23 février 2023 · until 23 février 2029

Active
SIMILAN

Managing director · since 23 février 2023 · until 23 février 2029 · 0646.937.936

Represented by Koen DE MAEGHT

Active
Raoul Eugene Roth

Director · since 01 avril 2022 · until 01 avril 2028

Active

Ended mandates

SIMILAN

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0646.937.936

Represented by Koen DE MAEGHT

Ended
Bernardus Gerardus Petrus

Director · since 01 avril 2019 · until 01 avril 2022

Ended
Bernardus Gerardus Petrus Claaszen

Director · since 01 avril 2019 · until 11 mai 2024

Ended
Christopher Garrett Crowe

Director · since 01 avril 2019 · until 23 février 2023

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date25/06/202627/06/202522/07/202421/06/202320/07/202205/07/2021
General meeting19/06/202620/06/202528/06/202409/06/202311/07/202230/06/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202625/06/2026DutchPDF
Full model31/12/202420/06/202527/06/2025DutchPDF
Full model31/12/202328/06/202422/07/2024DutchPDF
Full model31/12/202209/06/202321/06/2023DutchPDF
Full model31/12/202111/07/202220/07/2022DutchPDF
Full model31/12/202030/06/202105/07/2021DutchPDF
Full model31/12/201930/06/202030/07/2020DutchPDF
Full model31/12/201807/08/201926/08/2019DutchPDF
Full model31/12/201730/06/201810/07/2018DutchPDF
Full model31/12/201630/06/201705/07/2017DutchPDF
Abridged model31/12/201503/06/201629/07/2016DutchPDF
Abridged model31/12/201408/05/201530/07/2015DutchPDF
Abridged modelCorrection31/12/201309/05/201413/11/2014DutchPDF
Abridged model31/12/201309/05/201431/07/2014DutchPDF
Abridged model31/12/201210/05/201331/07/2013DutchPDF
Abridged model31/12/201126/09/201230/09/2012DutchPDF
Abridged model31/12/201013/05/201123/08/2011DutchPDF
Abridged model31/12/200914/05/201031/08/2010DutchPDF
Abridged model31/12/200808/05/200920/05/2009DutchPDF
Abridged model31/12/200709/05/200823/05/2008DutchPDF
Abridged model31/12/200620/07/200731/07/2007DutchPDF

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

4 active · 28 ended

Active mandates

Liam McDaniel

Director · since 09 juin 2023 · until 09 juin 2029

Active
Michael Kennedy

Director · since 23 février 2023 · until 23 février 2029

Active
SIMILAN

Managing director · since 23 février 2023 · until 23 février 2029 · 0646.937.936

Represented by Koen DE MAEGHT

Active
Raoul Eugene Roth

Director · since 01 avril 2022 · until 01 avril 2028

Active

Ended mandates

SIMILAN

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0646.937.936

Represented by Koen DE MAEGHT

Ended
Bernardus Gerardus Petrus

Director · since 01 avril 2019 · until 01 avril 2022

Ended
Bernardus Gerardus Petrus Claaszen

Director · since 01 avril 2019 · until 11 mai 2024

Ended
Christopher Garrett Crowe

Director · since 01 avril 2019 · until 23 février 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/11/2024
    DIVERSEN
    PDF
  • Mandates28/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/08/2021
    DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/05/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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 20251,7 M €↑
  2. 2024
    Annual accounts 2024-372,4 k €↓
  3. 2023
    Annual accounts 20231,9 M €↑
  4. 2022
    Annual accounts 20221,6 M €↑
  5. 2021
    Annual accounts 202158,7 k €↓
  6. 2021
    Name changeKingspan Light + Air Belgium
  7. 2018
    Annual accounts 20181,4 M €↑
  8. 2017
    Annual accounts 20171,2 M €↑
  9. 2016
    Annual accounts 2016892,5 k €↓
  10. 2015
    Annual accounts 20151,1 M €↑
  11. 2014
    Annual accounts 2014399,1 k €↑
  12. 2013
    Annual accounts 2013398,4 k €↓
  13. 2012
    Annual accounts 2012652,2 k €↑
  14. 2011
    Annual accounts 2011506,6 k €↑
  15. 2010
    Annual accounts 201049,2 k €↓
  16. 2009
    Annual accounts 2009302,1 k €↑
  17. 2008
    Annual accounts 2008230,3 k €↓
  18. 2007
    Annual accounts 2007298,8 k €↑
  19. 2006
    Annual accounts 2006252,2 k €
  20. 2006
    Name changeARGINA TECHNICS
  21. 21/09/2004
    IncorporationPublic limited company