ACTIVE

JM AIRCO

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Financial year 2025 · closed on 31/12/2025

Net result

142,7 k €

-69.3% YoY

Gross margin

1,7 M €

+3.5% YoY

Equity

1,3 M €

-13.2% YoY

Workforce

17,5 ETP

+50.9% YoY

What does JM AIRCO do?

JM AIRCO is a Private limited company incorporated in 2008. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Zandhoven. It employs on average 17,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.670.770

Incorporation

19/03/2008

Legal form

Private limited company

Registered office

Ringlaan 40 box 1
2240 Zandhoven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

17,5 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,7 M €	+3.5%	1,6 M €	+48.6%	1,1 M €	+94.0%	569,5 k €	-30.7%	822,1 k €	+56.3%	526 k €	+24.3%	423,2 k €	+91.0%	221,6 k €	+549%	34,1 k €	-75.3%	138,3 k €	-3.4%	143,1 k €	+9.9%	130,2 k €	+9.8%	118,6 k €	-20.4%	148,9 k €	+14.1%	130,5 k €	+124%	58,4 k €	-72.7%	214,1 k €
EBITDA	446,4 k €	-46.9%	841,4 k €	+67.7%	501,7 k €	+162%	191,8 k €	-63.4%	524,3 k €	+80.2%	291 k €	+50.3%	193,6 k €	+99.1%	97,2 k €	+115%	45,2 k €	+12.4%	40,2 k €	-4.6%	42,1 k €	-17.3%	51 k €	-8.9%	55,9 k €	-14.7%	65,5 k €	+1.5%	64,6 k €	+167%	24,2 k €	-76.9%	104,7 k €
Operating result	233,7 k €	-63.9%	647,7 k €	+82.7%	354,5 k €	+258%	99 k €	-30.1%	141,5 k €	-43.1%	248,5 k €	+63.5%	152 k €	+121%	68,9 k €	+211%	22,1 k €	+11.4%	19,9 k €	+213%	6,4 k €	-64.6%	17,9 k €	-34.8%	27,5 k €	+2.2%	26,9 k €	-25.6%	36,2 k €	+465%	6,4 k €	-90.4%	66,9 k €
Net result	142,7 k €	-69.3%	465 k €	+39.4%	333,4 k €	+113%	156,8 k €	+37.6%	113,9 k €	-38.9%	186,3 k €	+90.2%	98 k €	+137%	41,3 k €	+301%	10,3 k €	-59.2%	25,3 k €	+566%	3,8 k €	-27.2%	5,2 k €	+0.0%	5,2 k €	-55.0%	11,6 k €	-73.6%	43,8 k €	+335%	-18,6 k €	-129%	64,9 k €
Balance sheet
Equity	1,3 M €	-13.2%	1,5 M €	+46.7%	996,2 k €	+50.3%	662,8 k €	+31.0%	506 k €	+20.2%	421,1 k €	+79.4%	234,7 k €	+71.7%	136,7 k €	+43.3%	95,4 k €	+12.1%	85,1 k €	+42.2%	59,9 k €	+6.8%	56,1 k €	+10.2%	50,9 k €	-13.8%	59 k €	+24.3%	47,4 k €	-24.1%	62,5 k €	-22.9%	81,1 k €
Total assets	4,6 M €	+11.0%	4,1 M €	+21.6%	3,4 M €	+15.7%	2,9 M €	+88.0%	1,6 M €	+33.8%	1,2 M €	+70.6%	684,8 k €	+24.8%	548,6 k €	+11.1%	493,9 k €	+6.4%	463,9 k €	-0.5%	466,3 k €	+116%	215,5 k €	-9.6%	238,5 k €	-18.8%	293,7 k €	-15.3%	346,7 k €	+33.8%	259,1 k €	-1.2%	262,3 k €
Cash	472,4 k €	+3.6%	456 k €	+31.2%	347,6 k €	-37.1%	553 k €	-3.9%	575,3 k €	+262%	159 k €	-12.8%	182,3 k €	+80.6%	100,9 k €	+5.1%	96,1 k €	+14.5%	83,9 k €	-18.6%	103,1 k €	+31.5%	78,4 k €	-23.0%	101,9 k €	+140%	42,4 k €	-50.4%	85,5 k €	+50.4%	56,9 k €	+2.2%	55,6 k €
Debts	3,3 M €	+24.3%	2,7 M €	+11.2%	2,4 M €	+5.6%	2,3 M €	+115%	1,1 M €	+41.5%	747,5 k €	+66.1%	450,1 k €	+9.3%	411,9 k €	+3.4%	398,5 k €	+48.2%	268,8 k €	-9.3%	296,5 k €	+500%	49,4 k €	-36.3%	77,6 k €	-37.8%	124,7 k €	-34.1%	189,2 k €	+96.0%	96,6 k €	+5.9%	91,2 k €
Other
Workforce	17,5 ETP	+50.9%	11,6 ETP	+22.1%	9,5 ETP	+33.8%	7,1 ETP	+18.3%	6,0 ETP	+30.4%	4,6 ETP	+17.9%	3,9 ETP	+77.3%	2,2 ETP	+10.0%	2,0 ETP	+11.1%	1,8 ETP	-18.2%	2,2 ETP	+29.4%	1,7 ETP	+21.4%	1,4 ETP	-26.3%	1,9 ETP	+5.6%	1,8 ETP	+63.6%	1,1 ETP	+83.3%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

KAROLIEN KERKHOFS

Director · since 01 octobre 2017

Active

JOHAN MORIS

Director · since 19 mars 2008

Active

Ended mandates

KAROLIEN KERKHOFS

Associate · since 01 octobre 2017

Ended

JOHAN MORIS

Manager · since 19 mars 2008

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	12/06/2026	30/06/2025	16/08/2024	30/06/2023	03/08/2022	13/08/2021
General meeting	04/05/2026	26/06/2025	14/07/2024	29/06/2023	30/06/2022	24/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	12/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/07/2024	16/08/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	03/08/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	13/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	13/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/07/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 2 ended

Active mandates

KAROLIEN KERKHOFS

Director · since 01 octobre 2017

Active

JOHAN MORIS

Director · since 19 mars 2008

Active

Ended mandates

KAROLIEN KERKHOFS

Associate · since 01 octobre 2017

Ended

JOHAN MORIS

Manager · since 19 mars 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/01/2011
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other11/03/2010
DIVERSEN
PDF
Other04/04/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
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 2025142,7 k €↓
2024
Annual accounts 2024465 k €↑
2023
Annual accounts 2023333,4 k €↑
2022
Annual accounts 2022156,8 k €↑
2022
Name changeJM AIRCO
2021
Annual accounts 2021113,9 k €↓
2020
Annual accounts 2020186,3 k €↑
2019
Annual accounts 201998 k €↑
2018
Annual accounts 201841,3 k €↑
2017
Annual accounts 201710,3 k €↓
2016
Annual accounts 201625,3 k €↑
2015
Annual accounts 20153,8 k €↓
2014
Annual accounts 20145,2 k €↑
2013
Annual accounts 20135,2 k €↓
2012
Annual accounts 201211,6 k €↓
2011
Annual accounts 201143,8 k €↑
2010
Annual accounts 2010-18,6 k €↓
2009
Annual accounts 200964,9 k €
2009
Name changeJM AIRCONDITIONING
19/03/2008
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

JM AIRCO

Overview

What does JM AIRCO do?

Trend over 17 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