ACTIVE

BRUSSELS AIRPORT COMPANY

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Financial year 2025 · Closed on 31/12/2025

Net result83 M €+30,3 %over 1 year
Revenue721,3 M €+4,3 %over 1 year
Equity873 M €+2,9 %over 1 year
Workforce1 150,0 ETP+7,3 %over 1 year

Identity

Source · BCE/KBO

BRUSSELS AIRPORT COMPANY is a Public limited company incorporated in 2007. Its main activity is: Service activities incidental to air transportation. Its registered office is in Etterbeek. It employs on average 1 150,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0890.082.292
Incorporation
14/06/2007
Legal form
Public limited company
Registered office
Rue Abbé Cuypers 3
1040 Etterbeek · BruxellesSee on map
Contributed capital
640 090 000,00 €
Latest accounts
31/12/2025
Average workforce
1 150,0 ETP
Joint committees (1)
  • 31503
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 77 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue721,3 M €691,7 M €631,4 M €487,4 M €274 M €
EBITDA330,9 M €321,8 M €280 M €199,1 M €80,6 M €
Operating result198 M €196,7 M €162,5 M €67,6 M €-50,2 M €
Net result83 M €63,7 M €49,8 M €11,2 M €-91,9 M €
Balance sheet
Equity873 M €848,3 M €773,9 M €723,8 M €718,2 M €
Total assets3,6 Md €3,7 Md €3,6 Md €3,3 Md €3,2 Md €
Cash24,8 M €22,1 M €22 M €87,4 M €97,8 M €
Debts2,6 Md €2,7 Md €2,7 Md €2,4 Md €2,4 Md €
Other
Workforce1 150,0 ETP1 071,5 ETP994,0 ETP907,5 ETP862,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 90 ended

Active mandates

Jeroen VERGOTE

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Michel CASSELMAN

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Werner DECREM

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Iulia GROSCU

Director · since 04 juillet 2025 · until 13 mai 2031

Active
Thierry COJAN

Director · since 09 février 2023 · until 13 mai 2031

Active
Corinne NAMBLARD

Director · since 15 décembre 2022 · until 08 décembre 2025

Active
Jolan VEREECKE

Director · since 11 octobre 2022 · until 12 mai 2026

Active
Benjamin CADRANEL

Director · since 11 mai 2021 · until 12 mai 2026

Active
Erik VARWIJK

Director · since 11 mai 2021 · until 13 mai 2031

Active
Luc HAEGEMANS

Director · since 11 mai 2021 · until 12 mai 2026

Active
Ron BOOTS

Director · since 04 décembre 2019 · until 03 juillet 2025

Active
Arnaud FEIST

Managing director · since 14 mai 2019 · until 13 mai 2031

Active
Charles THOMAZI

Director · since 14 mai 2019 · until 08 décembre 2025

Active
David KERR

Director · since 14 mai 2019 · until 08 décembre 2025

Active

Ended mandates

Thierry COJAN

Director · since 09 février 2023 · until 09 mai 2023

Ended
Thierry COJAN

Director · since 09 février 2023 · until 13 mai 2025

Ended
Corine NAMBLARD

Director · since 15 décembre 2022 · until 09 mai 2023

Ended
Corinne NAMBLARD

Director · since 15 décembre 2022 · until 13 mai 2025

Ended

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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 date23/06/202627/05/202520/06/202426/06/202304/10/202201/09/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
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, 77 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202623/06/2026DutchPDF
Full model31/12/202512/05/202623/06/2026FrenchPDF
Full model31/12/202413/05/202527/05/2025FrenchPDF
Full model31/12/202413/05/202527/05/2025DutchPDF
Consolidated accounts31/12/202413/05/202527/05/2025FrenchPDF
Consolidated accounts31/12/202413/05/202527/05/2025DutchPDF
Full model31/12/202314/05/202420/06/2024FrenchPDF
Full model31/12/202314/05/202420/06/2024DutchPDF
Consolidated accounts31/12/202314/05/202421/06/2024FrenchPDF
Consolidated accounts31/12/202314/05/202421/06/2024DutchPDF
Full model31/12/202209/05/202326/06/2023DutchPDF
Full model31/12/202209/05/202326/06/2023FrenchPDF
Consolidated accounts31/12/202209/05/202323/06/2023DutchPDF
Consolidated accounts31/12/202209/05/202323/06/2023FrenchPDF
Full modelCorrection31/12/202110/05/202204/10/2022FrenchPDF
Full modelCorrection31/12/202110/05/202204/10/2022DutchPDF
Full model31/12/202110/05/202206/07/2022DutchPDF
Full model31/12/202110/05/202204/07/2022FrenchPDF
Consolidated accounts31/12/202110/05/202223/06/2022FrenchPDF
Consolidated accounts31/12/202110/05/202223/06/2022DutchPDF
Full modelCorrection31/12/202011/05/202101/09/2021FrenchPDF
Full model31/12/202011/05/202129/06/2021DutchPDF
Full model31/12/202011/05/202129/06/2021FrenchPDF
Consolidated accounts31/12/202011/05/202129/06/2021DutchPDF

View all 77 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 90 ended

Active mandates

Jeroen VERGOTE

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Michel CASSELMAN

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Werner DECREM

Director · since 08 décembre 2025 · until 13 mai 2031

Active
Iulia GROSCU

Director · since 04 juillet 2025 · until 13 mai 2031

Active
Thierry COJAN

Director · since 09 février 2023 · until 13 mai 2031

Active
Corinne NAMBLARD

Director · since 15 décembre 2022 · until 08 décembre 2025

Active
Jolan VEREECKE

Director · since 11 octobre 2022 · until 12 mai 2026

Active
Benjamin CADRANEL

Director · since 11 mai 2021 · until 12 mai 2026

Active
Erik VARWIJK

Director · since 11 mai 2021 · until 13 mai 2031

Active
Luc HAEGEMANS

Director · since 11 mai 2021 · until 12 mai 2026

Active
Ron BOOTS

Director · since 04 décembre 2019 · until 03 juillet 2025

Active
Arnaud FEIST

Managing director · since 14 mai 2019 · until 13 mai 2031

Active
Charles THOMAZI

Director · since 14 mai 2019 · until 08 décembre 2025

Active
David KERR

Director · since 14 mai 2019 · until 08 décembre 2025

Active

Ended mandates

Thierry COJAN

Director · since 09 février 2023 · until 09 mai 2023

Ended
Thierry COJAN

Director · since 09 février 2023 · until 13 mai 2025

Ended
Corine NAMBLARD

Director · since 15 décembre 2022 · until 09 mai 2023

Ended
Corinne NAMBLARD

Director · since 15 décembre 2022 · until 13 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other02/07/2026
    —
    PDF
  • Mandates24/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/06/2025
    DIVERS
    PDF
  • Other23/06/2025
    DIVERSEN
    PDF
  • Registered office24/10/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/08/2024
    ONTSLAGEN - BENOEMINGEN
    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 202583 M €↑
  2. 08/12/2025
    nominationMichel Casselman — Bestuurder Klasse B
  3. 08/12/2025
    nominationWerner Decrem — Bestuurder Klasse B
  4. 08/12/2025
    nominationJeroen Vergote — Bestuurder Klasse B
  5. 04/07/2025
    nominationIulia Grosu — bestuurder
  6. 13/05/2025
    nominationLuc Haegemans — Bestuurder Klasse A
  7. 13/05/2025
    nominationBenjamin Cadranel — Bestuurder Klasse A
  8. 13/05/2025
    nominationJolan Vereecke — Bestuurder Klasse A
  9. 13/05/2025
    nominationErik Varwijk — Bestuurder Klasse B
  10. 13/05/2025
    nominationArnaud Feist — Bestuurder
  11. 2024
    Annual accounts 202463,7 M €↑
  12. 14/05/2024
    nominationGriet Helsen — vaste vertegenwoordiger van de commissaris
  13. 2023
    Annual accounts 202349,8 M €↑
  14. 09/05/2023
    nominationJolan Vereecke — Bestuurder
  15. 09/05/2023
    nominationCorinne Namblard — Bestuurder
  16. 09/05/2023
    nominationThierry Cojan — Bestuurder
  17. 09/05/2023
    nominationKoen Hens — commissaris
  18. 09/02/2023
    nominationThierry Cojan — bestuurder
  19. 2022
    Annual accounts 202211,2 M €↑
  20. 15/12/2022
    nominationCorinne Namblard — bestuurder
  21. 11/10/2022
    nominationJolan Vereecke — Bestuurder
  22. 01/10/2022
    nominationPiet Demunter — Chief Operations Officer
  23. 01/10/2022
    nominationGeert Aerts — Chief Cargo & Real Estate Officer
  24. 2021
    Annual accounts 2021-91,9 M €↑
  25. 2020
    Annual accounts 2020-149,5 M €↓
  26. 2019
    Annual accounts 201972,6 M €↓
  27. 2018
    Annual accounts 201888,1 M €↑
  28. 2017
    Annual accounts 201759,2 M €↑
  29. 2016
    Annual accounts 201651,6 M €↓
  30. 2015
    Annual accounts 201570,3 M €↓
  31. 2014
    Annual accounts 201486,5 M €↑
  32. 2013
    Annual accounts 201370,7 M €↑
  33. 2013
    Name changeBrussels Airport Company
  34. 2012
    Annual accounts 201261,6 M €↑
  35. 2011
    Annual accounts 201138,3 M €↑
  36. 2010
    Annual accounts 201023,2 M €↑
  37. 2009
    Annual accounts 200916,3 M €↑
  38. 2008
    Annual accounts 200811,5 M €
  39. 2008
    Name changeBRUSSELS AIRPORT HOLDING
  40. 14/06/2007
    IncorporationPublic limited company