ACTIVE

Air Products

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Financial year 2025 · Closed on 30/09/2025

Net result27,2 M €-0,6 %over 1 year
Revenue220,8 M €-2,3 %over 1 year
Equity631,3 M €+4,5 %over 1 year
Workforce258,3 ETP+0,5 %over 1 year

Identity

Source · BCE/KBO

Air Products is a Public limited company incorporated in 1964. Its main activity is: Manufacture of industrial gases. Its registered office is in Machelen (Brab.). It employs on average 258,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0402.052.330
Incorporation
18/12/1964
Legal form
Public limited company
Registered office
Leonardo da Vincilaan 19C box 4
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
310 050 000,00 €
Latest accounts
30/09/2025
Average workforce
258,3 ETP
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 61 filings

Trend over 16 financial years

20252024202320222021
Income statement
Revenue220,8 M €226 M €257,7 M €194,3 M €140,7 M €
EBITDA42,2 M €38,5 M €32,9 M €15,7 M €25,5 M €
Operating result27,3 M €23,5 M €14,8 M €-2,7 M €7,9 M €
Net result27,2 M €27,3 M €16,4 M €-4 M €4,9 M €
Balance sheet
Equity631,3 M €604,2 M €576,8 M €560,5 M €564,5 M €
Total assets704,4 M €657,6 M €640,6 M €617,6 M €607,5 M €
Cash0 €0 €–––
Debts71,5 M €51,3 M €62,8 M €55,5 M €41,9 M €
Other
Workforce258,3 ETP257,0 ETP259,3 ETP258,9 ETP256,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 35 ended

Active mandates

Jan De Ridder

Director · since 03 juin 2024

Active
Miquel Lope

Managing director · since 03 juin 2024

Active
Erik De Vos

Director · since 26 mars 2019 · until 26 mars 2031

Active
Sonia Araujo

Director · since 26 mars 2019 · until 26 mars 2031

Active

Ended mandates

Jan De Ridder

Managing director · since 03 juin 2024

Ended
Miquel Lope

Administrator - manager · since 03 juin 2024

Ended
Kurt Lefevere

Director · since 26 mars 2021 · until 03 juin 2024

Ended
Kurt Lefevere

Managing director · since 26 mars 2021 · until 26 mars 2027

Ended

Other companies at this address

Leonardo da Vincilaan 19C 1831 Machelen (Brab.)
CompanyCBE no.
AIR PRODUCTS MANAGEMENT● Active
0436.878.991
Estée Lauder Cosmetics● Active
0403.769.032
HiveToHive Solutions● Active
1021.303.102
LOGICA BELGIUM● Active
0436.786.050
Synapse Partnership● Active
1039.218.903

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelConsolidated accountsConsolidated accounts
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/04/202603/04/202527/03/202430/03/202305/05/202331/01/2022
General meeting26/03/202626/03/202526/03/202427/03/202321/11/202228/06/2021
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, 61 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202526/03/202608/04/2026DutchPDF
Full model30/09/202426/03/202503/04/2025DutchPDF
Consolidated accounts30/09/202413/10/202412/03/2026DutchPDF
Full model30/09/202326/03/202427/03/2024DutchPDF
Consolidated accounts30/09/202313/10/202327/01/2025FrenchPDF
Full model30/09/202227/03/202330/03/2023DutchPDF
Consolidated accounts30/09/202206/10/202324/07/2024DutchPDF
Full model30/09/202128/03/202229/03/2022DutchPDF
Consolidated accounts30/09/202121/11/202205/05/2023DutchPDF
Full model30/09/202026/03/202131/03/2021DutchPDF
Consolidated accounts30/09/202028/06/202131/01/2022DutchPDF
Full model30/09/201931/03/202015/04/2020DutchPDF
Consolidated accounts30/09/201928/06/202030/03/2021DutchPDF
Full model30/09/201826/03/201909/04/2019DutchPDF
Consolidated accounts30/09/201828/06/201920/04/2020DutchPDF
Full model30/09/201726/03/201810/04/2018DutchPDF
Full model30/09/201726/03/201810/04/2018FrenchPDF
Consolidated accounts30/09/201730/06/201809/04/2019DutchPDF
Full model30/09/201627/03/201711/04/2017DutchPDF
Full model30/09/201627/03/201711/04/2017FrenchPDF
Consolidated accounts30/09/201630/06/201721/06/2018DutchPDF
Full model30/09/201529/03/201630/03/2016DutchPDF
Consolidated accounts30/09/201530/06/201620/04/2017DutchPDF
Full model30/09/201426/03/201526/03/2015DutchPDF

View all 61 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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 30/09/2025

4 active · 35 ended

Active mandates

Jan De Ridder

Director · since 03 juin 2024

Active
Miquel Lope

Managing director · since 03 juin 2024

Active
Erik De Vos

Director · since 26 mars 2019 · until 26 mars 2031

Active
Sonia Araujo

Director · since 26 mars 2019 · until 26 mars 2031

Active

Ended mandates

Jan De Ridder

Managing director · since 03 juin 2024

Ended
Miquel Lope

Administrator - manager · since 03 juin 2024

Ended
Kurt Lefevere

Director · since 26 mars 2021 · until 03 juin 2024

Ended
Kurt Lefevere

Managing director · since 26 mars 2021 · until 26 mars 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other02/09/2026
    Verlenging bijzondere machten
    PDF
  • Restructuring28/05/2026
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring23/02/2026
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates01/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/09/2024
    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 202527,2 M €↓
  2. 26/03/2025
    reconductionSonia DE VASCONCELOS BORGES DE ARAUJO — bestuurder
  3. 26/03/2025
    reconductionErik DE VOS — bestuurder
  4. 26/03/2025
    reconductionCédric BOGAERTS — commissaris
  5. 2024
    Annual accounts 202427,3 M €↑
  6. 03/06/2024
    nominationMiquel LOPE — gedelegeerd bestuurder
  7. 03/06/2024
    nominationJan DE RIDDER — bestuurder
  8. 03/06/2024
    nominationMiquel LOPE — bestuurder
  9. 2023
    Annual accounts 202316,4 M €↑
  10. 2022
    Annual accounts 2022-4 M €↓
  11. 28/03/2022
    reconductionCédric BOGAERTS — commissaris
  12. 2021
    Annual accounts 20214,9 M €↓
  13. 2020
    Annual accounts 20209,3 M €↓
  14. 2019
    Annual accounts 201913,7 M €↑
  15. 2014
    Annual accounts 201410,6 M €↑
  16. 2013
    Annual accounts 20137,9 M €↓
  17. 2012
    Annual accounts 201270,7 M €↑
  18. 2011
    Annual accounts 201113,7 M €↓
  19. 2010
    Annual accounts 201037,5 M €↑
  20. 2009
    Annual accounts 200913,6 M €↑
  21. 2008
    Annual accounts 200812,1 M €↑
  22. 2007
    Annual accounts 20078,3 M €↑
  23. 2006
    Annual accounts 20067,3 M €
  24. 18/12/1964
    IncorporationPublic limited company