Financials
Financial year 2025
S.AIR from Aalst, company number BE0821976416, closed financial year 2025 with a result of € 2 million after tax. For that financial year S.AIR recorded revenue of € 20.3 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 1.2 million to € 2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 4.2 million
▲ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 63% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 650,000 paid out
32 % of the profit went to the shareholders, mostly to S. Air Invest (100 % of the shares). That is where the money ends up.
People and assets in 2025
46
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 14% vs 2024
€ 76,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 137,991
▲ 102% vs 2024
Of which on lease € 8,912.
Debts at end 2025
€ 5.6 million
▲ 20% vs 2024
€ 778,233 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.4 million
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 662,204
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,758,116 | € 19,229,191 | € 16,783,463 | € 20,265,749 | ▲ 21% |
| Profit after taxes | € 401,240 | € 829,406 | € 1,238,315 | € 2,022,448 | ▲ 63% |
| Equity | € 2,308,900 | € 2,488,306 | € 2,781,555 | € 4,154,003 | ▲ 49% |
| Total debts | € 5,061,485 | € 6,645,459 | € 9,212,730 | € 10,348,192 | ▲ 12% |
| Cash | € 1,881,170 | € 2,310,299 | € 2,672,138 | € 2,637,220 | ▼ 1% |
| Retained profit | € 2,246,900 | € 2,426,306 | € 2,720,055 | € 4,092,503 | ▲ 50% |
| Dividend | € 600,000 | € 650,000 | € 650,000 | € 650,000 | |
| Bank debt | € 225,876 | € 420,932 | € 4,656,610 | € 5,572,977 | ▲ 20% |
| Balance sheet total | € 8,472,237 | € 10,471,091 | € 13,386,114 | € 15,992,555 | ▲ 19% |
| Employees (FTE) | 34.5 | 38.8 | 42.8 | 46 | ▲ 3.2 |
Key figures of S.AIR, 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 S.AIR?
What happened at S.AIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NICKS BV stepped down as director. NBB
- S. Air Invest BV stepped down as director. NBB
- Smokonsult NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million (▲ 63% vs 2024). Source: NBB ↗
- NICKS BV became a director. NBB
- S. Air Invest BV became a director. NBB
- Smokonsult NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 401,240 profit in 2022 to € 2 million profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 2 million profit.
Paid out € 2.6 million in dividends to the owners in total.
Management
The stake of S. Air Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
S.AIRThe shares are held by S. Air Invest (100%). It owns 100% of DECORIT, 100% of DALI and 100% of S.AIR NL B.V. itself.
Directors
According to the 2025 annual accounts
Director · represented by Nick Vandenbulcke
Also active at: Bright Light, S. Air Invest, emosS
since 2025 · until 2031
Managing director · represented by Liselore Dermaut
Also active at: Bright Light, emosS
since 2025 · until 2031
since 2025 · until 2031
Shareholders
100%
Establishments
Establishment units
Physical locations of this company
Nijverheidslaan 4
9308 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0821.976.416
- VAT number
- BE 0821.976.416
- Registered office
- Nijverheidslaan 4, 9308 Aalst
- Names & denominations
- S.AIR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2010
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Beveiligingsactiviteiten, neg
Diensten in verband met beveiligingssystemen
Installatie van isolatie
Ontwikkeling van niet-residentiële bouwprojecten
Isolatiewerkzaamheden