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

Activities (NACE)

52230Service activities incidental to air transportation· main 52230Service activities incidental to air transportation 65231Reinsurance 64200Activities of holding companies 64210Activities of holding companies 74879Other professional, scientific and technical activities+2

Joint committees (1)

31503

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 77 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	721,3 M €	+4.3%	691,7 M €	+9.5%	631,4 M €	+29.6%	487,4 M €	+77.8%	274 M €
EBITDA	330,9 M €	+2.8%	321,8 M €	+14.9%	280 M €	+40.6%	199,1 M €	+147%	80,6 M €
Operating result	198 M €	+0.6%	196,7 M €	+21.1%	162,5 M €	+140%	67,6 M €	+235%	-50,2 M €
Net result	83 M €	+30.3%	63,7 M €	+28.0%	49,8 M €	+344%	11,2 M €	+112%	-91,9 M €
Balance sheet
Equity	873 M €	+2.9%	848,3 M €	+9.6%	773,9 M €	+6.9%	723,8 M €	+0.8%	718,2 M €
Total assets	3,6 Md €	-3.1%	3,7 Md €	+2.4%	3,6 Md €	+10.2%	3,3 Md €	+0.1%	3,2 Md €
Cash	24,8 M €	+12.6%	22,1 M €	+0.5%	22 M €	-74.9%	87,4 M €	-10.6%	97,8 M €
Debts	2,6 Md €	-4.9%	2,7 Md €	+0.5%	2,7 Md €	+11.2%	2,4 Md €	-0.7%	2,4 Md €
Other
Workforce	1 150,0 ETP	+7.3%	1 071,5 ETP	+7.8%	994,0 ETP	+9.5%	907,5 ETP	+5.3%	862,2 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 · 28 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jeroen VERGOTE	Director08/12/2025 → 13/05/2031
Michel CASSELMAN	Director08/12/2025 → 13/05/2031
Werner DECREM	Director08/12/2025 → 13/05/2031
Iulia GROSCU	Director04/07/2025 → 13/05/2031
Thierry COJAN	Director09/02/2023 → 13/05/2031
Corinne NAMBLARD	Director15/12/2022 → 08/12/2025
Jolan VEREECKE	Director11/10/2022 → 12/05/2026
Benjamin CADRANEL	Director17/01/2014 → 12/05/2026
Erik VARWIJK	Director17/12/2020 → 13/05/2031
Luc HAEGEMANS	Director17/01/2014 → 12/05/2026
Ron BOOTS	Director04/12/2019 → 03/07/2025
Arnaud FEIST	Managing director01/10/2013 → 13/05/2031
Charles THOMAZI	Director12/06/2014 → 08/12/2025
David KERR	Director23/04/2018 → 08/12/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Corine NAMBLARD	Director15/12/2022 → 09/05/2023
Marc DESCHEEMAECKER	Chairman of the board of directors12/05/2020 → 11/05/2021Director12/05/2020 → 11/05/2021
Olivier HENIN	Director12/05/2020 → 11/05/2021

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	23/06/2026	27/05/2025	20/06/2024	26/06/2023	04/10/2022	01/09/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 77 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	23/06/2026	Dutch	PDF
Full model	31/12/2025	12/05/2026	23/06/2026	French	PDF
Full model	31/12/2024	13/05/2025	27/05/2025	French	PDF
Full model	31/12/2024	13/05/2025	27/05/2025	Dutch	PDF
Consolidated accounts	31/12/2024	13/05/2025	27/05/2025	French	PDF
Consolidated accounts	31/12/2024	13/05/2025	27/05/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	20/06/2024	French	PDF
Full model	31/12/2023	14/05/2024	20/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	14/05/2024	21/06/2024	French	PDF
Consolidated accounts	31/12/2023	14/05/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	09/05/2023	26/06/2023	Dutch	PDF
Full model	31/12/2022	09/05/2023	26/06/2023	French	PDF
Consolidated accounts	31/12/2022	09/05/2023	23/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/05/2023	23/06/2023	French	PDF
Full modelCorrection	31/12/2021	10/05/2022	04/10/2022	French	PDF
Full modelCorrection	31/12/2021	10/05/2022	04/10/2022	Dutch	PDF
Full model	31/12/2021	10/05/2022	06/07/2022	Dutch	PDF
Full model	31/12/2021	10/05/2022	04/07/2022	French	PDF
Consolidated accounts	31/12/2021	10/05/2022	23/06/2022	French	PDF
Consolidated accounts	31/12/2021	10/05/2022	23/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	11/05/2021	01/09/2021	French	PDF
Full model	31/12/2020	11/05/2021	29/06/2021	Dutch	PDF
Full model	31/12/2020	11/05/2021	29/06/2021	French	PDF
Consolidated accounts	31/12/2020	11/05/2021	29/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	11/05/2021	29/06/2021	French	PDF
Full model	31/12/2019	12/05/2020	30/06/2020	French	PDF
Full model	31/12/2019	12/05/2020	29/06/2020	Dutch	PDF
Consolidated accountsCorrection	31/12/2019	12/05/2020	19/08/2020	French	PDF
Consolidated accountsCorrection	31/12/2019	12/05/2020	19/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	12/05/2020	30/06/2020	French	PDF
Consolidated accounts	31/12/2019	12/05/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	21/06/2019	Dutch	PDF
Full model	31/12/2018	14/05/2019	21/06/2019	French	PDF
Consolidated accounts	31/12/2018	01/01/9999	21/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	21/06/2019	French	PDF
Full model	31/12/2017	08/05/2018	29/06/2018	French	PDF
Full model	31/12/2017	08/05/2018	29/06/2018	Dutch	PDF
Consolidated accountsCorrection	31/12/2017	08/05/2018	27/11/2018	French	PDF
Consolidated accountsCorrection	31/12/2017	08/05/2018	27/11/2018	Dutch	PDF
Consolidated accounts	31/12/2017	08/05/2018	29/06/2018	French	PDF
Consolidated accounts	31/12/2017	08/05/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	04/07/2017	Dutch	PDF
Full model	31/12/2016	09/05/2017	04/07/2017	French	PDF
Consolidated accounts	31/12/2016	09/05/2017	04/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	09/05/2017	04/07/2017	French	PDF
Full model	31/12/2015	10/05/2016	30/06/2016	French	PDF
Full model	31/12/2015	10/05/2016	30/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/05/2016	30/06/2016	French	PDF
Consolidated accounts	31/12/2015	10/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	30/06/2015	Dutch	PDF
Full model	31/12/2014	12/05/2015	30/06/2015	French	PDF
Consolidated accounts	31/12/2014	12/05/2015	30/06/2015	French	PDF
Consolidated accounts	31/12/2014	12/05/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2013	30/06/2014	30/06/2014	French	PDF
Consolidated accounts	31/12/2013	30/06/2014	30/06/2014	French	PDF
Consolidated accounts	31/12/2013	30/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	21/06/2013	Dutch	PDF
Full model	31/12/2012	14/05/2013	21/06/2013	French	PDF
Consolidated accounts	31/12/2012	14/05/2013	14/08/2013	Dutch	PDF
Consolidated accounts	31/12/2012	14/05/2013	14/08/2013	French	PDF
Full model	31/12/2011	27/06/2012	27/06/2012	French	PDF
Full model	31/12/2011	27/06/2012	27/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	27/06/2012	27/06/2012	French	PDF
Consolidated accounts	31/12/2011	27/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2010	10/05/2011	15/06/2011	French	PDF
Consolidated accounts	31/12/2010	10/05/2011	15/06/2011	French	PDF
Consolidated accounts	31/12/2010	10/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	11/05/2010	20/05/2010	Dutch	PDF
Full model	31/12/2009	11/05/2010	20/05/2010	French	PDF
Consolidated accounts	31/12/2009	11/05/2010	20/05/2010	French	PDF
Consolidated accounts	31/12/2009	11/05/2010	20/05/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	14/09/2009	French	PDF
Full model	31/12/2008	29/06/2009	14/09/2009	Dutch	PDF
Consolidated accounts	31/12/2008	29/06/2009	15/09/2009	French	PDF
Consolidated accounts	31/12/2008	29/06/2009	14/09/2009	Dutch	PDF

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 · 28 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jeroen VERGOTE	Director08/12/2025 → 13/05/2031
Michel CASSELMAN	Director08/12/2025 → 13/05/2031
Werner DECREM	Director08/12/2025 → 13/05/2031
Iulia GROSCU	Director04/07/2025 → 13/05/2031
Thierry COJAN	Director09/02/2023 → 13/05/2031
Corinne NAMBLARD	Director15/12/2022 → 08/12/2025
Jolan VEREECKE	Director11/10/2022 → 12/05/2026
Benjamin CADRANEL	Director17/01/2014 → 12/05/2026
Erik VARWIJK	Director17/12/2020 → 13/05/2031
Luc HAEGEMANS	Director17/01/2014 → 12/05/2026
Ron BOOTS	Director04/12/2019 → 03/07/2025
Arnaud FEIST	Managing director01/10/2013 → 13/05/2031
Charles THOMAZI	Director12/06/2014 → 08/12/2025
David KERR	Director23/04/2018 → 08/12/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Corine NAMBLARD	Director15/12/2022 → 09/05/2023
Marc DESCHEEMAECKER	Chairman of the board of directors12/05/2020 → 11/05/2021Director12/05/2020 → 11/05/2021
Olivier HENIN	Director12/05/2020 → 11/05/2021

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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Werner DECREM

Michel CASSELMAN

Jeroen VERGOTE

Iulia GROSCU

Thierry COJAN

Corinne NAMBLARD

Jolan VEREECKE

Erik VARWIJK

Luc HAEGEMANS

Benjamin CADRANEL

Ron BOOTS

Arnaud FEIST

and 30 more mandates

2007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

BRUSSELS AIRPORT COMPANYBRUSSELS AIRPORT HOLDING

Rue Abbé Cuypers 3, 1040 EtterbeekAuguste Reyerslaan 80, 1030 Schaerbeek

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Abbé Cuypers 3, 1040 EtterbeekCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00218241
Auguste Reyerslaan 80, 1030 Schaerbeek	accounts 2022 → 2023	Accounts 2023 · 2024-00159615
A. Reyerslaan 80, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20164209

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BRUSSELS AIRPORT COMPANYCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00218241
BRUSSELS AIRPORT HOLDING	accounts 2008 → 2012	Accounts 2012 · 2013-20100469

Events

2025
Annual accounts 202583 M €↑
08/12/2025
nominationMichel Casselman · Bestuurder Klasse B
08/12/2025
nominationWerner Decrem · Bestuurder Klasse B
08/12/2025
nominationJeroen Vergote · Bestuurder Klasse B
04/07/2025
nominationIulia Grosu · bestuurder
13/05/2025
nominationLuc Haegemans · Bestuurder Klasse A
13/05/2025
nominationBenjamin Cadranel · Bestuurder Klasse A
13/05/2025
nominationJolan Vereecke · Bestuurder Klasse A
13/05/2025
nominationErik Varwijk · Bestuurder Klasse B
13/05/2025
nominationArnaud Feist · Bestuurder
2024
Annual accounts 202463,7 M €↑
14/05/2024
nominationGriet Helsen · vaste vertegenwoordiger van de commissaris
2023
Annual accounts 202349,8 M €↑
09/05/2023
nominationJolan Vereecke · Bestuurder
09/05/2023
nominationCorinne Namblard · Bestuurder
09/05/2023
nominationThierry Cojan · Bestuurder
09/05/2023
nominationKoen Hens · commissaris
09/02/2023
nominationThierry Cojan · bestuurder
2022
Annual accounts 202211,2 M €↑
15/12/2022
nominationCorinne Namblard · bestuurder
11/10/2022
nominationJolan Vereecke · Bestuurder
01/10/2022
nominationPiet Demunter · Chief Operations Officer
01/10/2022
nominationGeert Aerts · Chief Cargo & Real Estate Officer
2021
Annual accounts 2021-91,9 M €↑
2020
Annual accounts 2020-149,5 M €↓
2019
Annual accounts 201972,6 M €↓
2018
Annual accounts 201888,1 M €↑
2017
Annual accounts 201759,2 M €↑
2016
Annual accounts 201651,6 M €↓
2015
Annual accounts 201570,3 M €↓
2014
Annual accounts 201486,5 M €↑
2013
Annual accounts 201370,7 M €↑
2013
Name changeBRUSSELS AIRPORT COMPANY
2012
Annual accounts 201261,6 M €↑
2011
Annual accounts 201138,3 M €↑
2010
Annual accounts 201023,2 M €↑
2009
Annual accounts 200916,3 M €↑
2008
Annual accounts 200811,5 M €
14/06/2007
IncorporationPublic limited company

BRUSSELS AIRPORT COMPANY

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events