Financials
Financial year 2025
Air conditioning and Refrigeration European Association from Brussel, company number BE0440154920, closed financial year 2025 with a result of € 4,932 after tax. For that financial year Air conditioning and Refrigeration European Association recorded a gross margin of € 4,932 and equity of € 113,952. Compared with financial year 2024, the result moved from € -6,768 to € 4,932. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 113,952
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,932
▲ still € 6,768 loss in 2024
Profit after tax over the fiscal year.
€ 107,874
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,272
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -28,526 | € -19,642 | € -6,768 | € 4,932 | ▲ € 11,700 |
| Profit after taxes | € -28,526 | € -19,642 | € -6,768 | € 4,932 | ▲ € 11,700 |
| Equity | € 135,430 | € 115,788 | € 109,021 | € 113,952 | ▲ 5% |
| Total debts | € 37,081 | € 50,292 | € 52,029 | € 1,272 | ▼ 98% |
| Cash | € 149,662 | € 164,525 | € 143,536 | € 107,874 | ▼ 25% |
| Retained profit | € 13,001 | € -6,641 | € -13,408 | € -8,476 | ▲ € 4,932 |
| Balance sheet total | € 172,511 | € 166,080 | € 161,049 | € 115,225 | ▼ 28% |
Key figures of Air conditioning and Refrigeration European Association, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Air conditioning and Refrigeration European Association?
What happened at Air conditioning and Refrigeration European Association in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,932. Source: NBB ↗
- Espen Ronning stepped down as director. NBB
- Thanos Biris stepped down as director. NBB
- Grzegorz Michalski stepped down as director. NBB
- Seamus Kerr stepped down as director. NBB
- Stepan Stojanov stepped down as director. NBB
- Coen Van de Sande stepped down as director. NBB
- Marco Buoni stepped down as director. NBB
In short
From € 28,526 loss in 2022 to € 4,932 profit in 2025.
Best year ever: 2025, with € 4,932 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Air conditioning and Refrigeration European Association is Claire Grossmann.
Directors
According to the 2025 annual accounts
Claire Grossmann
Personne déléguée à la gestion journalière
since 2022
Espen Ronning
Director
since 2024 · until 2026
Thanos Biris
Director
since 2024 · until 2026
Grzegorz Michalski
Vice-président du conseil d'administration
since 2024 · until 2026
Seamus Kerr
Director
since 2024 · until 2026
Stepan Stojanov
Director
since 2024 · until 2026
Coen Van de Sande
Chairman of the board
since 2024 · until 2026
Marco Buoni
Director
since 2024 · until 2026
Establishments
Establishment units
Physical locations of this company
Kunstlaan 56
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.154.920
- VAT number
- BE 0440.154.920
- Registered office
- Kunstlaan 56, 1000 Brussel
- Names & denominations
- Air conditioning and Refrigeration European Association · AREA
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 6 March 1990
- Peppol
- Active · Active since 2 Oct 2025
- Activities · NACE
Activiteiten van bedrijfs- en werkgeversorganisaties
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies